Roth Capital Reiterates Buy Rating for Topgolf Callaway Brands (NYSE:MODG)

Topgolf Callaway Brands (NYSE:MODG)‘s stock had its “buy” rating reissued by investment analysts at Roth Capital in a note issued to investors on Wednesday,Benzinga reports. They currently have a $14.00 target price on the stock. Roth Capital’s price target indicates a potential upside of 50.98% from the stock’s current price.

Several other brokerages have also issued reports on MODG. Wall Street Zen raised shares of Topgolf Callaway Brands from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research lowered shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. B. Riley restated a “neutral” rating and issued a $11.00 price target (up from $9.50) on shares of Topgolf Callaway Brands in a research report on Monday, November 10th. UBS Group initiated coverage on shares of Topgolf Callaway Brands in a research note on Friday, October 17th. They issued a “neutral” rating and a $10.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Topgolf Callaway Brands in a research report on Monday. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.06.

Topgolf Callaway Brands Price Performance

Shares of MODG traded down $1.02 during midday trading on Wednesday, hitting $9.27. The company’s stock had a trading volume of 2,616,275 shares, compared to its average volume of 2,794,985. The company has a quick ratio of 1.25, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. Topgolf Callaway Brands has a one year low of $5.42 and a one year high of $11.60. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -1.14 and a beta of 1.19. The company’s fifty day simple moving average is $9.59 and its two-hundred day simple moving average is $8.78.

Topgolf Callaway Brands (NYSE:MODG) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.16. Topgolf Callaway Brands had a positive return on equity of 0.37% and a negative net margin of 36.08%.The business had revenue of $465.30 million during the quarter, compared to the consensus estimate of $903.96 million. During the same period in the prior year, the company earned $0.02 EPS. Topgolf Callaway Brands’s revenue for the quarter was down 7.8% on a year-over-year basis. Topgolf Callaway Brands has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts expect that Topgolf Callaway Brands will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Topgolf Callaway Brands

Several large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of Topgolf Callaway Brands by 42.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,893 shares of the company’s stock worth $37,000 after buying an additional 1,157 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of 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 valued at $51,000 after acquiring an additional 1,240 shares in the last quarter. Jump Financial LLC lifted its stake in Topgolf Callaway Brands by 3.1% in the first quarter. Jump Financial LLC now owns 75,685 shares of the company’s stock worth $499,000 after acquiring an additional 2,265 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Topgolf Callaway Brands by 7.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,326 shares of the company’s stock valued at $292,000 after purchasing an additional 2,453 shares during the period. Finally, Covestor Ltd raised its holdings in Topgolf Callaway Brands by 26.9% in the 1st quarter. Covestor Ltd now owns 11,785 shares of the company’s stock worth $78,000 after purchasing an additional 2,499 shares in the last quarter. Institutional investors and hedge funds own 84.69% of the company’s stock.

About Topgolf Callaway Brands

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.