Brokerages Set Topgolf Callaway Brands Corp. (NYSE:MODG) PT at $14.67

Topgolf Callaway Brands Corp. (NYSE:MODG - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $14.67.

MODG has been the topic of several analyst reports. B. Riley cut Topgolf Callaway Brands from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $18.00 to $12.00 in a research report on Thursday, October 17th. Roth Mkm reaffirmed a "buy" rating and set a $16.00 price objective (down from $17.00) on shares of Topgolf Callaway Brands in a research report on Thursday, November 14th. JPMorgan Chase & Co. dropped their price objective on Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. The Goldman Sachs Group dropped their price objective on Topgolf Callaway Brands from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Finally, Jefferies Financial Group raised Topgolf Callaway Brands from a "hold" rating to a "buy" rating and increased their price objective for the company from $11.00 to $13.00 in a research report on Thursday, January 2nd.

Topgolf Callaway Brands Stock Up 4.6 %

Shares of NYSE MODG traded up $0.33 on Monday, reaching $7.58. 3,475,021 shares of the company's stock traded hands, compared to its average volume of 2,904,842. Topgolf Callaway Brands has a 12 month low of $7.13 and a 12 month high of $16.89. The business's 50 day simple moving average is $8.06 and its two-hundred day simple moving average is $9.63. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -94.79 and a beta of 1.70. The company has a quick ratio of 1.14, a current ratio of 1.93 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Topgolf Callaway Brands by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,860,996 shares of the company's stock worth $124,667,000 after purchasing an additional 224,578 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Topgolf Callaway Brands by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,255,232 shares of the company's stock worth $35,749,000 after purchasing an additional 22,003 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Topgolf Callaway Brands by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,286,719 shares of the company's stock worth $17,974,000 after purchasing an additional 291,052 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Topgolf Callaway Brands by 97.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,152,565 shares of the company's stock worth $16,919,000 after purchasing an additional 1,063,033 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Topgolf Callaway Brands by 14.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,886,496 shares of the company's stock worth $14,828,000 after purchasing an additional 241,755 shares during the period. 84.69% of the stock is owned by hedge funds and other institutional investors.

About Topgolf Callaway Brands

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.