Topgolf Callaway Brands (NYSE:CALY) Rating Lowered to Hold at Zacks Research

Topgolf Callaway Brands (NYSE:CALY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings began coverage on Topgolf Callaway Brands in a report on Tuesday, March 3rd. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Topgolf Callaway Brands Stock Performance

Topgolf Callaway Brands stock opened at $13.59 on Tuesday. Topgolf Callaway Brands has a twelve month low of $5.42 and a twelve month high of $16.65. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.50 billion, a P/E ratio of -42.48 and a beta of 0.96.

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.