BBQ Holdings, Inc. (NASDAQ:BBQ) Short Interest Update

BBQ Holdings, Inc. (NASDAQ:BBQ – Get Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 51,500 shares, an increase of 308.7% from the March 15th total of 12,600 shares. Based on an average daily volume of 33,600 shares, the short-interest ratio is currently 1.5 days.

BBQ stock opened at $15.02 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.13 and a quick ratio of 1.06. BBQ has a one year low of $9.91 and a one year high of $19.75. The stock has a market capitalization of $157.71 million, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.91 and a beta of 1.82. The business’s fifty day moving average is $14.87 and its 200 day moving average is $14.40.

BBQ (NASDAQ:BBQ – Get Rating) last released its quarterly earnings data on Monday, March 14th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. BBQ had a return on equity of 19.99% and a net margin of 11.63%. As a group, sell-side analysts expect that BBQ will post 1.18 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the company. TheStreet raised BBQ from a “c+” rating to a “b-” rating in a research note on Wednesday, March 9th. Zacks Investment Research raised BBQ from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, March 17th.

In other news, CEO Jeffery Crivello sold 3,853 shares of the stock in a transaction on Friday, March 18th. The stock was sold at an average price of $15.55, for a total value of $59,914.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Albert W. Hank sold 2,700 shares of the stock in a transaction on Monday, March 21st. The stock was sold at an average price of $15.54, for a total value of $41,958.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,579 shares of company stock worth $194,122. 43.80% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of BBQ by 0.5% in the third quarter. BlackRock Inc. now owns 224,268 shares of the company’s stock worth $3,385,000 after buying an additional 1,070 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of BBQ by 15.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 15,400 shares of the company’s stock worth $232,000 after buying an additional 2,100 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of BBQ by 215.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 60,005 shares of the company’s stock worth $950,000 after buying an additional 40,981 shares during the period. Northern Trust Corp raised its stake in shares of BBQ by 5.0% in the fourth quarter. Northern Trust Corp now owns 26,828 shares of the company’s stock worth $425,000 after buying an additional 1,269 shares during the period. Finally, Wexford Capital LP bought a new position in shares of BBQ in the fourth quarter worth about $26,699,000. 53.86% of the stock is currently owned by institutional investors.

About BBQ (Get Rating)

BBQ Holdings, Inc engages in the ownership and operation of franchise restaurants. It offers authentic hickory-smoked and off the-grill barbecue favorites, chopped pork, country-roasted chicken, and signature sandwiches and salads. The company was founded on March 29, 2019 and is headquartered in Minnetonka, MN.

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