BT Brands (NASDAQ:BTBD) Trading Down 2.8% – What’s Next?

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

Analyst Upgrades and Downgrades

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

BT Brands Price Performance

The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. The firm has a market cap of $6.43 million, a P/E ratio of -6.12 and a beta of 0.52. The business has a fifty day moving average of $1.21 and a 200 day moving average of $1.41.

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in BT Brands stock. DRW Securities LLC boosted 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 and Exchange Commission. The firm owned 126,396 shares of the company’s stock after acquiring an additional 111,679 shares during the period. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 as of its most recent filing with the Securities and Exchange Commission. 0.44% of the stock is currently owned by institutional investors and hedge funds.

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.