Rosenblatt Securities Issues Positive Forecast for Atlanta Braves (NASDAQ:BATRK) Stock Price

Atlanta Braves (NASDAQ:BATRK) had its target price raised by investment analysts at Rosenblatt Securities from $69.00 to $75.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 76.99% from the stock’s previous close.

BATRK has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, March 27th. Wall Street Zen downgraded shares of Atlanta Braves from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Finally, Zacks Research upgraded shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Atlanta Braves has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Atlanta Braves Trading Down 0.1%

Shares of NASDAQ BATRK opened at $42.38 on Thursday. The stock has a 50 day simple moving average of $42.05 and a 200-day simple moving average of $40.59. The company has a market cap of $2.23 billion, a PE ratio of -108.39 and a beta of 0.53. Atlanta Braves has a 12-month low of $35.46 and a 12-month high of $47.18.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.38. The business had revenue of $61.30 million during the quarter, compared to analyst estimates of $54.93 million. Sell-side analysts forecast that Atlanta Braves will post -0.89 earnings per share for the current fiscal year.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone purchased 35,000 shares of the stock in a transaction dated Thursday, February 5th. The shares were bought at an average cost of $44.23 per share, for a total transaction of $1,548,050.00. Following the transaction, the insider owned 521,862 shares in the company, valued at $23,081,956.26. This trade represents a 7.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.43% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lido Advisors LLC grew its holdings in shares of Atlanta Braves by 5.1% in the 3rd quarter. Lido Advisors LLC now owns 5,512 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 269 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Atlanta Braves by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 39,984 shares of the financial services provider’s stock valued at $1,870,000 after purchasing an additional 285 shares during the period. Rockefeller Capital Management L.P. increased its stake in Atlanta Braves by 4.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,745 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 310 shares in the last quarter. Comerica Bank increased its stake in Atlanta Braves by 44.8% in the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 319 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in Atlanta Braves by 2.0% during the 4th quarter. Diversify Advisory Services LLC now owns 16,743 shares of the financial services provider’s stock worth $671,000 after buying an additional 323 shares during the period. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.