BBQ (NASDAQ:BBQ) Updates FY 2022 Earnings Guidance

BBQ (NASDAQ:BBQGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $1.150-$1.450 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.930. The company issued revenue guidance of -.

NASDAQ BBQ traded down $0.70 on Wednesday, reaching $15.02. The stock had a trading volume of 45,781 shares, compared to its average volume of 34,124. The stock has a market cap of $157.71 million, a P/E ratio of 6.18, a price-to-earnings-growth ratio of 0.91 and a beta of 1.82. The business’s 50-day moving average price is $14.87 and its 200 day moving average price is $14.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.06 and a current ratio of 1.13. BBQ has a 12-month low of $9.91 and a 12-month high of $19.75.

BBQ (NASDAQ:BBQGet Rating) last announced its quarterly earnings data on Monday, March 14th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.12. BBQ had a return on equity of 19.99% and a net margin of 11.63%. On average, sell-side analysts predict that BBQ will post 1.18 earnings per share for the current year.

Several brokerages have commented on BBQ. Zacks Investment Research upgraded shares of BBQ from a hold rating to a strong-buy rating and set a $16.00 price target on the stock in a research note on Thursday, March 17th. TheStreet upgraded shares of BBQ from a c+ rating to a b- rating in a report on Wednesday, March 9th.

In other news, Director Bryan Lowell Wolff sold 1,941 shares of the company’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $15.21, for a total transaction of $29,522.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffery Crivello sold 3,853 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $15.55, for a total transaction of $59,914.15. The disclosure for this sale can be found here. Insiders sold a total of 12,579 shares of company stock valued at $194,122 over the last 90 days. 43.80% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in BBQ stock. Goldman Sachs Group Inc. boosted its holdings in BBQ Holdings, Inc. (NASDAQ:BBQGet Rating) by 215.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,005 shares of the company’s stock after acquiring an additional 40,981 shares during the quarter. Goldman Sachs Group Inc. owned 0.57% of BBQ worth $950,000 at the end of the most recent quarter. 53.86% of the stock is currently owned by hedge funds and other 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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