Improved BBQ (NASDAQ: BBQ) at Zacks Investment Research

Barbecue (NASDAQ: BBQ) was upgraded by Zacks Investment Research from a “sell” rating to a “keep” rating in a research report released Friday to clients and investors, reports

According to Zacks, “Famous Dave’s owns, operates and franchises barbecue restaurants and blues clubs. The company currently has locations and franchises in Minnesota, Wisconsin, Illinois, Iowa, Nebraska, Utah, Maryland and Virginia and has signed development agreements for a franchised restaurant. Its menu features award-winning grills and grills, a wide selection of salads, side dishes, sandwiches and unique desserts. (Press release) “

Separately, TheStreet upgraded the barbecue from a “d +” rating to a “c +” rating in a research note on Thursday, August 26th.

BBQ stock traded up $ 0.38 at midday on Friday, reaching $ 14.10. The company’s shares had a trading volume of 29,088 shares, compared to its average volume of 50,415. The company has a 50-day moving average of $ 13.90 and a 200-day moving average of 14. $ 37. The stock has a market cap of $ 147.98 million, a PE ratio of 7.54, a P / E / G ratio of 1.26, and a beta of 1.84. The company has a debt to equity ratio of 0.11, a rapid ratio of 0.96, and a current ratio of 1.04. BBQ has a one-year minimum of $ 4.50 and a one-year maximum of $ 19.75.

BBQ (NASDAQ: BBQ) last released its quarterly results on Wednesday, November 10. The company reported earnings per share (EPS) of $ 0.18 for the quarter, beating analyst consensus estimates of $ 0.16 by $ 0.02. BBQ had a return on equity of 11.28% and a net margin of 10.77%. On average, equity research analysts predict that BBQ will post 0.74 EPS for the current fiscal year.

(A d)

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A number of large investors have recently bought and sold BBQ shares. Geode Capital Management LLC increased its stake in BBQ shares by 125.0% in the second quarter. Geode Capital Management LLC now owns 75,983 shares of the company valued at $ 1,442,000 after purchasing an additional 42,220 shares during the last quarter. EAM Investors LLC acquired a new stake in BBQ shares in the second quarter valued at $ 2,333,000. Bank of New York Mellon Corp acquired a new stake in BBQ shares in the second quarter valued at $ 495,000. Trexquant Investment LP acquired a new position in BBQ during the second quarter valued at $ 300,000. Finally, Renaissance Technologies LLC increased its stake in BBQ by 0.5% during the second quarter. Renaissance Technologies LLC now owns 534,348 shares of the company valued at $ 10,142,000 after purchasing 2,397 additional shares during the last quarter. Institutional investors hold 72.08% of the shares of the company.

About the barbecue

BBQ Holdings, Inc. engages in the ownership and operation of franchised restaurants. It offers authentic hickory and grill smoked barbecue favorites, ground pork, country roast chicken, and signature sandwiches and salads. The company was founded on March 29, 2019 and is headquartered in Minnetonka, Minnesota.

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