BT Brands (NASDAQ:BTBD) Announces Earnings Results

BT Brands (NASDAQ:BTBD) released its quarterly earnings data on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, Zacks reports. BT Brands had a negative return on equity of 16.67% and a negative net margin of 8.47%.

BT Brands Stock Performance

BT Brands stock traded down $0.05 during trading hours on Monday, reaching $1.22. 27,625 shares of the stock were exchanged, compared to its average volume of 403,342. BT Brands has a 52-week low of $1.03 and a 52-week high of $4.50. The stock has a market cap of $7.54 million, a P/E ratio of -7.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.48 and a current ratio of 4.11. The firm’s 50 day moving average is $1.14 and its 200 day moving average is $1.35.

Hedge Funds Weigh In On BT Brands

An institutional investor recently raised its stake in BT Brands stock. DRW Securities LLC grew its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the quarter. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded BT Brands from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

BT Brands Company Profile

BT Brands, Inc owns and operates fast-food restaurants in the north central region of United States. The company operates Burger Time restaurants located in Minnesota, North Dakota, and South Dakota; and a Dairy Queen franchise in Ham Lake, Minnesota. Its Burger Time restaurants provide various burgers and other food products, such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks; and Dairy Queen restaurant offers burgers, chicken, sides, ice cream and other desserts, and various beverages.