Zacks Research Downgrades Topgolf Callaway Brands (NYSE:CALY) to Hold

Topgolf Callaway Brands (NYSE:CALY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings initiated coverage on Topgolf Callaway Brands in a research report on Tuesday, March 3rd. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Topgolf Callaway Brands Price Performance

CALY opened at $13.59 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.36. Topgolf Callaway Brands has a fifty-two week low of $5.42 and a fifty-two week high of $16.65. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -42.48 and a beta of 0.96.

Topgolf Callaway Brands Company Profile

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.