Topgolf Callaway Brands’ (MODG) “Neutral” Rating Reiterated at B. Riley

B. Riley restated their neutral rating on shares of Topgolf Callaway Brands (NYSE:MODG) in a research report released on Monday,Benzinga reports. The brokerage currently has a $11.00 target price on the stock, up from their previous target price of $9.50. B. Riley also issued estimates for Topgolf Callaway Brands’ Q4 2025 earnings at ($0.39) EPS, FY2025 earnings at ($0.09) EPS, Q1 2026 earnings at $0.04 EPS, Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at ($0.06) EPS, Q4 2026 earnings at ($0.48) EPS and FY2026 earnings at ($0.25) EPS.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley began coverage on shares of Topgolf Callaway Brands in a research report on Friday, July 18th. They set an “equal weight” rating and a $9.50 price target for the company. Zacks Research downgraded Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. UBS Group initiated coverage on Topgolf Callaway Brands in a report on Friday, October 17th. They set a “neutral” rating and a $10.00 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of Topgolf Callaway Brands in a research report on Wednesday, October 8th. Finally, Truist Financial lifted their price target on Topgolf Callaway Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Topgolf Callaway Brands has a consensus rating of “Hold” and an average price target of $10.83.

Topgolf Callaway Brands Price Performance

Shares of NYSE MODG opened at $10.61 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.85. Topgolf Callaway Brands has a one year low of $5.42 and a one year high of $10.98. The firm has a market capitalization of $1.95 billion, a P/E ratio of -1.30 and a beta of 1.19. The company’s fifty day moving average is $9.47 and its two-hundred day moving average is $8.65.

Topgolf Callaway Brands (NYSE:MODG) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.16. The business had revenue of $465.30 million during the quarter, compared to the consensus estimate of $903.96 million. Topgolf Callaway Brands had a negative net margin of 36.08% and a positive return on equity of 0.37%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. Topgolf Callaway Brands has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Topgolf Callaway Brands will post 0.16 EPS for the current fiscal year.

Institutional Trading of Topgolf Callaway Brands

A number of large investors have recently made changes to their positions in MODG. Smartleaf Asset Management LLC raised its stake in Topgolf Callaway Brands by 42.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,893 shares of the company’s stock valued at $37,000 after purchasing an additional 1,157 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Topgolf Callaway Brands by 24.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,275 shares of the company’s stock worth $51,000 after purchasing an additional 1,240 shares during the last quarter. Jump Financial LLC grew its holdings in shares of Topgolf Callaway Brands by 3.1% during the first quarter. Jump Financial LLC now owns 75,685 shares of the company’s stock worth $499,000 after buying an additional 2,265 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Topgolf Callaway Brands by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,326 shares of the company’s stock worth $292,000 after buying an additional 2,453 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Topgolf Callaway Brands by 26.9% in the first quarter. Covestor Ltd now owns 11,785 shares of the company’s stock valued at $78,000 after buying an additional 2,499 shares during the last quarter. Institutional investors and hedge funds own 84.69% of the company’s stock.

Topgolf Callaway Brands Company Profile

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.