Sizzle Acquisition Corp. II (NASDAQ:SZZL) Announces Quarterly Earnings Results

Sizzle Acquisition Corp. II (NASDAQ:SZZL) announced its earnings results on Thursday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Sizzle Acquisition Corp. II Stock Performance

SZZL stock traded down $0.01 during mid-day trading on Friday, hitting $10.32. 4,240 shares of the company were exchanged, compared to its average volume of 75,329. The firm’s 50 day simple moving average is $10.28 and its 200 day simple moving average is $10.23. Sizzle Acquisition Corp. II has a 1-year low of $9.21 and a 1-year high of $10.50.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sizzle Acquisition Corp. II in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Sizzle Acquisition Corp. II

Several hedge funds have recently bought and sold shares of SZZL. Wolverine Asset Management LLC grew its stake in shares of Sizzle Acquisition Corp. II by 23.6% during the 4th quarter. Wolverine Asset Management LLC now owns 1,001,497 shares of the company’s stock worth $10,175,000 after acquiring an additional 191,078 shares in the last quarter. Parallax Volatility Advisers L.P. bought a new position in shares of Sizzle Acquisition Corp. II during the 3rd quarter worth approximately $806,000. Karpus Management Inc. bought a new position in shares of Sizzle Acquisition Corp. II during the 2nd quarter worth approximately $1,869,000. Moore Capital Management LP bought a new position in shares of Sizzle Acquisition Corp. II during the 2nd quarter worth approximately $2,010,000. Finally, LMR Partners LLP bought a new position in shares of Sizzle Acquisition Corp. II during the 2nd quarter worth approximately $4,020,000.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.