Topgolf Callaway Brands (NYSE:MODG) Price Target Raised to $10.00

Topgolf Callaway Brands (NYSE:MODG) had its price objective hoisted by JPMorgan Chase & Co. from $9.00 to $10.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. UBS Group started coverage on Topgolf Callaway Brands in a research note on Friday, October 17th. They issued a “neutral” rating and a $10.00 target price for the company. B. Riley reiterated a “neutral” rating and set a $11.00 price target (up from $9.50) on shares of Topgolf Callaway Brands in a research report on Monday, November 10th. Wall Street Zen upgraded Topgolf Callaway Brands from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Truist Financial increased their target price on shares of Topgolf Callaway Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.69.

Topgolf Callaway Brands Trading Up 7.0%

NYSE:MODG opened at $11.33 on Wednesday. Topgolf Callaway Brands has a 1 year low of $5.42 and a 1 year high of $11.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.85. The stock has a market cap of $2.08 billion, a P/E ratio of -1.39 and a beta of 1.19. The stock has a 50-day simple moving average of $9.54 and a 200-day simple moving average of $8.70.

Topgolf Callaway Brands (NYSE:MODG) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.16. Topgolf Callaway Brands had a negative net margin of 36.08% and a positive return on equity of 0.37%. The company had revenue of $465.30 million for the quarter, compared to the consensus estimate of $903.96 million. During the same period last year, the firm posted $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, analysts anticipate 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 MODG. Teacher Retirement System of Texas bought a new stake in Topgolf Callaway Brands during the first quarter worth $133,000. Principal Financial Group Inc. raised its holdings in shares of Topgolf Callaway Brands by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 704,970 shares of the company’s stock valued at $4,646,000 after buying an additional 18,490 shares in the last quarter. Cerity Partners LLC grew its position in Topgolf Callaway Brands by 48.5% during the 1st quarter. Cerity Partners LLC now owns 16,177 shares of the company’s stock worth $107,000 after acquiring an additional 5,286 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Topgolf Callaway Brands in the 1st quarter worth about $685,000. Finally, TAGStone Capital Inc. purchased a new position in Topgolf Callaway Brands during the first quarter valued at $90,000. Institutional investors and hedge funds own 84.69% of the company’s stock.

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.