BT Brands (NASDAQ:BTBD) Releases Earnings Results

BT Brands (NASDAQ:BTBD) posted its earnings results on Thursday. The company reported ($0.12) earnings per share for the quarter, Zacks reports. BT Brands had a negative return on equity of 9.97% and a negative net margin of 5.10%.

BT Brands Price Performance

Shares of NASDAQ:BTBD remained flat at $1.11 during mid-day trading on Thursday. 52,721 shares of the stock were exchanged, compared to its average volume of 345,699. The firm’s fifty day simple moving average is $1.66 and its two-hundred day simple moving average is $1.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.18 and a current ratio of 4.84. BT Brands has a 52 week low of $1.00 and a 52 week high of $5.60.

Hedge Funds Weigh In On BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC lifted its holdings in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the period. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 as of its most recent filing with the SEC. 0.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BTBD shares. Wall Street Zen raised shares of BT Brands to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average 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.