BBQ (NASDAQ:BBQ) Updates FY 2021 Earnings Guidance

BBQ (NASDAQ:BBQ) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $150 million-$155 million, compared to the consensus revenue estimate of $143.80 million.

Shares of BBQ stock traded down $0.37 on Tuesday, hitting $12.51. 418 shares of the stock were exchanged, compared to its average volume of 68,820. The firm’s 50 day moving average is $10.34 and its two-hundred day moving average is $6.55. The firm has a market capitalization of $116.43 million, a PE ratio of 19.82 and a beta of 1.86. The company has a current ratio of 1.28, a quick ratio of 1.18 and a debt-to-equity ratio of 0.87. BBQ has a one year low of $2.25 and a one year high of $15.47.

BBQ (NASDAQ:BBQ) last issued its quarterly earnings data on Monday, April 5th. The company reported ($0.31) earnings per share (EPS) for the quarter. The company had revenue of $34.31 million for the quarter. BBQ had a negative return on equity of 12.03% and a net margin of 5.48%.

Several analysts have weighed in on the company. Craig Hallum raised BBQ from a hold rating to a buy rating and raised their price target for the company from $5.00 to $15.00 in a report on Tuesday, April 13th. TheStreet raised BBQ from a d+ rating to a c- rating in a report on Friday, February 12th.

In related news, major shareholder Bandera Partners Llc sold 6,051 shares of BBQ stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $14.09, for a total transaction of $85,258.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 56,295 shares of company stock worth $816,060. Corporate insiders own 41.00% of the company’s stock.

BBQ Company Profile

BBQ Holdings, Inc develops, owns, operates, and franchises barbeque restaurants under the Famous Dave's, Clark Crew BBQ, Granite City Food & Brewery, and Real Urban Barbecue names in the United States, Canada, and the United Arab Emirates. It offers smoked, barbequed, and grilled meats, as well as entrée items, and side dishes and appetizers that are prepared using proprietary seasoning ingredients, sauces, and mixes.

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