13,202 Shares in Topgolf Callaway Brands Corp. $MODG Acquired by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. purchased a new position in shares of Topgolf Callaway Brands Corp. (NYSE:MODG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,202 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors have also recently added to or reduced their stakes in MODG. Signaturefd LLC lifted its stake in Topgolf Callaway Brands by 1,669.0% in the second quarter. Signaturefd LLC now owns 3,078 shares of the company’s stock valued at $25,000 after acquiring an additional 2,904 shares during the last quarter. GAMMA Investing LLC bought a new position in Topgolf Callaway Brands during the second quarter worth $36,000. Public Employees Retirement System of Ohio increased its position in Topgolf Callaway Brands by 24.6% during the second quarter. Public Employees Retirement System of Ohio now owns 6,275 shares of the company’s stock worth $51,000 after acquiring an additional 1,240 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in Topgolf Callaway Brands in the 1st quarter valued at $66,000. Finally, Capstone Financial Advisors Inc. bought a new stake in Topgolf Callaway Brands in the 1st quarter valued at $66,000. 84.69% of the stock is currently owned by institutional investors and hedge funds.

Topgolf Callaway Brands Stock Up 2.5%

MODG stock opened at $9.94 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.25. Topgolf Callaway Brands Corp. has a fifty-two week low of $5.42 and a fifty-two week high of $11.09. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -1.22 and a beta of 1.24. The business’s fifty day moving average price is $9.38 and its two-hundred day moving average price is $8.03.

Topgolf Callaway Brands (NYSE:MODG) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.21. Topgolf Callaway Brands had a positive return on equity of 0.37% and a negative net margin of 36.08%.The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.42 earnings per share. Topgolf Callaway Brands’s revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Topgolf Callaway Brands Corp. will post 0.16 earnings per share for the current year.

Insider Buying and Selling

In other Topgolf Callaway Brands news, Director Erik J. Anderson sold 25,704 shares of Topgolf Callaway Brands stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $9.25, for a total value of $237,762.00. Following the completion of the sale, the director directly owned 20,607 shares in the company, valued at approximately $190,614.75. The trade was a 55.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Artie Starrs sold 106,734 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $8.64, for a total value of $922,181.76. Following the sale, the chief executive officer owned 105,823 shares of the company’s stock, valued at approximately $914,310.72. This represents a 50.21% decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Analyst Ratings Changes

MODG has been the topic of several recent analyst reports. Cfra restated a “hold” rating and issued a $9.00 target price on shares of Topgolf Callaway Brands in a research note on Friday, July 11th. Morgan Stanley began coverage on Topgolf Callaway Brands in a research note on Friday, July 18th. They issued an “equal weight” rating and a $9.50 price target for the company. B. Riley reaffirmed a “neutral” rating and issued a $9.50 price target (up from $7.00) on shares of Topgolf Callaway Brands in a research note on Monday, August 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Topgolf Callaway Brands in a research note on Saturday, September 27th. Finally, Wall Street Zen raised Topgolf Callaway Brands from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Topgolf Callaway Brands presently has a consensus rating of “Hold” and a consensus target price of $9.75.

Topgolf Callaway Brands Company Profile

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.