BT Brands (NASDAQ:BTBD) Stock Price Up 4.7% – Here’s Why

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

Analyst Ratings Changes

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

BT Brands Trading Up 4.7%

The firm has a market cap of $7.60 million, a PE ratio of -7.24 and a beta of 0.51. The stock’s fifty day simple moving average is $1.12 and its two-hundred day simple moving average is $1.37. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33.

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in BT Brands stock. DRW Securities LLC lifted its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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. Hedge funds and other institutional investors own 0.44% of the company’s stock.

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.