The Restaurant ETF (NASDAQ:BITE) Given Average Recommendation of “Hold” by Analysts
The Restaurant ETF (NASDAQ:BITE) has received an average recommendation of “Hold” from the eight research firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $701.67.
A number of research firms have weighed in on BITE. N+1 Singer reiterated a “buy” rating on shares of The Restaurant ETF in a research note on Wednesday. Shore Capital reiterated a “buy” rating on shares of The Restaurant ETF in a research note on Wednesday, July 27th. Finally, Beaufort Securities reiterated a “hold” rating on shares of The Restaurant ETF in a research note on Tuesday, August 30th.
The Restaurant ETF (NASDAQ:BITE) traded down 4.78% during midday trading on Wednesday, hitting $23.50. The company had a trading volume of 425 shares. The company has a 50 day moving average price of $25.69 and a 200 day moving average price of $25.68. The Restaurant ETF has a 1-year low of $22.06 and a 1-year high of $27.27.
The Restaurant ETF Company Profile
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