Prescott Group Capital Management L.L.C. Purchases Shares of 203,110 Topgolf Callaway Brands Corp. (NYSE:MODG)

Prescott Group Capital Management L.L.C. bought a new position in Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 203,110 shares of the company's stock, valued at approximately $1,596,000. Prescott Group Capital Management L.L.C. owned about 0.11% of Topgolf Callaway Brands at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Topgolf Callaway Brands by 998.0% during the third quarter. International Assets Investment Management LLC now owns 15,032 shares of the company's stock valued at $165,000 after acquiring an additional 13,663 shares in the last quarter. Advisor Resource Council raised its stake in shares of Topgolf Callaway Brands by 111.3% during the third quarter. Advisor Resource Council now owns 32,589 shares of the company's stock valued at $358,000 after acquiring an additional 17,164 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Topgolf Callaway Brands by 123.9% in the third quarter. Crossmark Global Holdings Inc. now owns 34,617 shares of the company's stock worth $381,000 after buying an additional 19,159 shares in the last quarter. Entropy Technologies LP bought a new position in Topgolf Callaway Brands in the third quarter worth approximately $274,000. Finally, Aigen Investment Management LP raised its stake in Topgolf Callaway Brands by 104.0% in the third quarter. Aigen Investment Management LP now owns 29,083 shares of the company's stock worth $319,000 after buying an additional 14,826 shares in the last quarter. Hedge funds and other institutional investors own 84.69% of the company's stock.

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Topgolf Callaway Brands Price Performance

Shares of MODG stock traded up $0.21 during trading hours on Friday, hitting $6.32. The company's stock had a trading volume of 5,132,403 shares, compared to its average volume of 3,281,179. The business has a fifty day moving average of $7.69 and a 200-day moving average of $8.88. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -78.93 and a beta of 1.70. Topgolf Callaway Brands Corp. has a twelve month low of $5.90 and a twelve month high of $16.89. The company has a current ratio of 1.93, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.07. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%. The company had revenue of $924.40 million for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts anticipate that Topgolf Callaway Brands Corp. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

MODG has been the topic of a number of research analyst reports. Roth Mkm reissued a "buy" rating and set a $11.00 price objective (down from $16.00) on shares of Topgolf Callaway Brands in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on shares of Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Truist Financial lowered their price target on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group raised shares of Topgolf Callaway Brands from a "hold" rating to a "buy" rating and upped their price target for the company from $11.00 to $13.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Topgolf Callaway Brands presently has an average rating of "Hold" and a consensus target price of $13.91.

Topgolf Callaway Brands Company Profile

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.