BT Brands (NASDAQ:BTBD) Trading 4.7% Higher – Time to Buy?

Shares of BT Brands, Inc. (NASDAQ:BTBD) traded up 4.7% on Tuesday . The company traded as high as $1.29 and last traded at $1.23. 233,037 shares changed hands during mid-day trading, an increase of 956% from the average daily volume of 22,060 shares. The stock had previously closed at $1.1750.

Analyst Ratings Changes

Several analysts have recently weighed in on BTBD shares. Wall Street Zen upgraded BT Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

BT Brands Stock 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 50 day moving average of $1.12 and a 200-day moving average of $1.37. The company has a market cap of $7.60 million, a P/E ratio of -7.24 and a beta of 0.51.

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

Institutional Investors Weigh In On BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC raised its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the fourth quarter, according to the company in its most recent disclosure with the 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 about 2.06% of BT Brands worth $176,000 at the end of the most recent reporting period. Institutional investors own 0.44% of the company’s stock.

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.