Take off with BBQ Holdings Inc. (BBQ): Get ready for trading

BBQ Holdings Inc. (NASDAQ: BBQ) stock jumped 46.46% on Friday to $17.18 against a previous-day closing price of $11.73. With 1.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 26700.0 shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $17.18 whereas the lowest price it dropped to was $17.05. The 52-week range on BBQ shows that it touched its highest point at $17.40 and its lowest point at $9.95 during that stretch. It currently has a 1-year price target of $26.00. Beta for the stock currently stands at 1.80.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BBQ was up-trending over the past week, with a rise of 43.17%, but this was up by 70.61% over a month. Three-month performance surged to 41.87% while six-month performance rose 12.80%. The stock gained 28.98% in the past year, while it has gained 8.46% so far this year. A look at the trailing 12-month EPS for BBQ yields 2.42 with Next year EPS estimates of 1.39. For the next quarter, that number is 0.30. This implies an EPS growth rate of 348.70% for this year and 18.80% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 43.60%.

Float and Shares Shorts:

At present, 10.55 million BBQ shares are outstanding with a float of 10.23 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.16 million, which was 1.51% higher than short shares on Jun 14, 2022. In addition to Mr. Jeffery Crivello as the firm’s CEO & Director, Mr. Jason Schanno serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 74.29% of BBQ’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 66.72% of BBQ, in contrast to 5.92% held by mutual funds. Shares owned by individuals account for 32.82%. As the largest shareholder in BBQ with 15.67% of the stake, Wexford Capital LP holds 1,685,556 shares worth 1,685,556. A second-largest stockholder of BBQ, Kanen Wealth Management LLC, holds 1,660,374 shares, controlling over 15.44% of the firm’s shares. Bandera Partners LLC is the third largest shareholder in BBQ, holding 1,340,901 shares or 12.47% stake. With a 1.56% stake in BBQ, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 168,157 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.21% of BBQ stock, is the second-largest Mutual Fund holder. It holds 129,641 shares valued at 1.35 million. DFA US Micro Cap Portfolio holds 0.56% of the stake in BBQ, owning 60,547 shares worth 0.63 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Apr 02, 2022, BBQ reported revenue of $64.18M and operating income of $933.00k. Over the past year, revenue came in at $233.31M while operating income stood at $8.00M. It generated $767.00k net income for the quarter, which came to $23.99M over the last twelve months. The EBITDA in the recently reported quarter was $6.26M and diluted EPS was $0.07. EBITDA for the full year was $25.29M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BBQ since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BBQ analysts setting a high price target of $25.00 and a low target of $17.00, the average target price over the next 12 months is $21.00. Based on these targets, BBQ could surge 45.52% to reach the target high and fall by -1.05% to reach the target low. Reaching the average price target will result in a growth of 22.24% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BBQ will report FY 2022 earnings on 03/06/2023. Analysts have provided yearly estimates in a range of $1.19 being high and $1.12 being low. For BBQ, this leads to a yearly average estimate of $1.16. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. BBQ Holdings Inc. surprised analysts by $0.10 when it reported $0.11 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was $0.13. Based on analyst estimates, the high estimate for the next quarter is $0.31 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.29.

Summary of Insider Activity:

Insiders traded BBQ stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 396,591 while 110,421 shares were sold.

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