Topgolf Callaway Brands (NYSE:CALY) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Topgolf Callaway Brands (NYSE:CALY) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings began coverage on shares of Topgolf Callaway Brands in a research note on Tuesday, March 3rd. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Topgolf Callaway Brands Price Performance

Shares of Topgolf Callaway Brands stock opened at $13.70 on Tuesday. Topgolf Callaway Brands has a 12 month low of $5.42 and a 12 month high of $16.65. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of -42.80 and a beta of 0.96. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.31.

About Topgolf Callaway Brands

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.