BBQ (NASDAQ:BBQ) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of BBQ (NASDAQ:BBQ) from a hold rating to a sell rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Famous Dave’s owns, operates and franchises barbeque restaurants and blues clubs. The company currently owns locations and franchises locations in Minnesota, Wisconsin, Illinois, Iowa, Nebraska, Utah, Maryland and Virginia and has signed development agreements for an additional franchised locations. Its menu features award-winning barbecued and grilled meats, an ample selection of salads, side items, sandwiches and unique desserts. (Press Release) “

Separately, TheStreet raised BBQ from a d+ rating to a c+ rating in a research note on Thursday, August 26th.

Shares of BBQ stock opened at $12.79 on Tuesday. The stock has a market cap of $134.23 million, a price-to-earnings ratio of 6.84, a PEG ratio of 1.23 and a beta of 1.81. The stock has a 50-day moving average of $14.29 and a 200-day moving average of $14.38. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. BBQ has a 1-year low of $4.29 and a 1-year high of $19.75.

BBQ (NASDAQ:BBQ) last released its earnings results on Wednesday, November 10th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. BBQ had a return on equity of 11.28% and a net margin of 10.77%. Sell-side analysts forecast that BBQ will post 0.76 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its holdings in BBQ by 15.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 15,400 shares of the company’s stock worth $232,000 after acquiring an additional 2,100 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in BBQ in the third quarter worth approximately $287,000. BlackRock Inc. boosted its holdings in BBQ by 0.5% in the third quarter. BlackRock Inc. now owns 224,268 shares of the company’s stock worth $3,385,000 after acquiring an additional 1,070 shares in the last quarter. Marshall Wace LLP bought a new position in BBQ in the second quarter worth approximately $651,000. Finally, Bridgeway Capital Management LLC boosted its holdings in BBQ by 16.3% in the second quarter. Bridgeway Capital Management LLC now owns 48,038 shares of the company’s stock worth $912,000 after acquiring an additional 6,750 shares in the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.

BBQ Company Profile

BBQ Holdings, Inc engages in the ownership and operation of franchise restaurants. It offers authentic hickory-smoked and off the-grill barbecue favorites, chopped pork, country-roasted chicken, and signature sandwiches and salads. The company was founded on March 29, 2019 and is headquartered in Minnetonka, MN.

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