BT Brands (NASDAQ:BTBD) Issues Quarterly Earnings Results

BT Brands (NASDAQ:BTBD) announced its earnings results on Monday. The company reported ($0.21) earnings per share (EPS) for the quarter, FiscalAI reports. BT Brands had a negative net margin of 5.10% and a negative return on equity of 9.75%. The firm had revenue of $2.62 million during the quarter.

BT Brands Stock Up 10.8%

Shares of BTBD opened at $1.75 on Wednesday. The company’s 50-day simple moving average is $1.40 and its 200-day simple moving average is $1.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 6.22 and a current ratio of 6.80. BT Brands has a 1 year low of $1.00 and a 1 year high of $5.60. The stock has a market capitalization of $10.76 million, a PE ratio of -17.50 and a beta of 0.89.

Institutional Investors Weigh In On BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC boosted its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the quarter. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. Institutional investors own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BT Brands in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, BT Brands has an average rating of “Sell”.

About BT Brands

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.