BT Brands (NASDAQ:BTBD) Stock Price Down 2.8% – Here’s Why

BT Brands, Inc. (NASDAQ:BTBD) dropped 2.8% during mid-day trading on Wednesday . The stock traded as low as $1.04 and last traded at $1.04. Approximately 16,850 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 33,343 shares. The stock had previously closed at $1.07.

Wall Street Analysts Forecast Growth

BTBD has been the topic of a number of recent research reports. Wall Street Zen upgraded BT Brands from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings lowered BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

BT Brands Stock Performance

The firm has a market capitalization of $6.87 million, a price-to-earnings ratio of -6.53 and a beta of 0.52. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.48 and a current ratio of 4.11. The stock’s fifty day moving average is $1.19 and its two-hundred day moving average is $1.40.

BT Brands (NASDAQ:BTBD) last issued its quarterly earnings data on Monday, May 18th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $2.84 million during the quarter. BT Brands had a negative return on equity of 16.67% and a negative net margin of 8.47%.

Institutional Investors Weigh In On BT Brands

A hedge fund recently raised its position in BT Brands stock. DRW Securities LLC raised its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the period. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 as of its most recent SEC filing. 0.44% of the stock is owned by institutional investors.

BT Brands Company Profile

BT Brands, Inc owns and operates fast-food restaurants in the north central region of United States. The company operates Burger Time restaurants located in Minnesota, North Dakota, and South Dakota; and a Dairy Queen franchise in Ham Lake, Minnesota. Its Burger Time restaurants provide various burgers and other food products, such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks; and Dairy Queen restaurant offers burgers, chicken, sides, ice cream and other desserts, and various beverages.