BT Brands (NASDAQ:BTBD) Posts Earnings Results

BT Brands (NASDAQ:BTBD) announced its quarterly earnings results 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 Down 3.9%

Shares of BT Brands stock traded down $0.05 during trading on Monday, reaching $1.22. The company’s stock had a trading volume of 27,626 shares, compared to its average volume of 403,342. BT Brands has a 1-year low of $1.03 and a 1-year high of $4.50. The company has a 50-day simple moving average of $1.14 and a two-hundred day simple moving average of $1.35. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. The company has a market cap of $7.54 million, a price-to-earnings ratio of -7.18 and a beta of 0.51.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BTBD. Wall Street Zen raised BT Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On BT Brands

A hedge fund 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 its most recent disclosure with the SEC. The fund owned 126,396 shares of the company’s stock after acquiring an additional 111,679 shares during the period. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. 0.44% of the stock is owned by institutional investors.

About BT Brands

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.