Topgolf Callaway Brands Corp. (NYSE:MODG) Receives $13.91 Consensus PT from Brokerages

Topgolf Callaway Brands Corp. (NYSE:MODG - Get Free Report) has received an average recommendation of "Hold" from the twelve analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.91.

MODG has been the subject of a number of research reports. Truist Financial cut their price target on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Roth Mkm reissued a "buy" rating and issued a $11.00 price target (down previously from $16.00) on shares of Topgolf Callaway Brands in a research note on Tuesday, February 25th. The Goldman Sachs Group cut their price target on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, November 14th. JPMorgan Chase & Co. cut their price target on shares of Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group upgraded shares of Topgolf Callaway Brands from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $11.00 to $13.00 in a report on Thursday, January 2nd.

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Topgolf Callaway Brands Price Performance

NYSE:MODG traded up $0.21 during mid-day trading on Friday, hitting $6.32. 5,132,403 shares of the stock traded hands, compared to its average volume of 3,281,179. The business's 50-day moving average price is $7.69 and its 200 day moving average price is $8.88. The company has a market cap of $1.16 billion, a PE ratio of -78.93 and a beta of 1.70. Topgolf Callaway Brands has a 12-month low of $5.90 and a 12-month high of $16.89. The company has a quick ratio of 1.14, a current ratio of 1.93 and a debt-to-equity ratio of 0.37.

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.07. The company had revenue of $924.40 million during the quarter, compared to analysts' expectations of $1.13 billion. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%. On average, analysts expect that Topgolf Callaway Brands will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Asset Planning Inc bought a new position in Topgolf Callaway Brands in the 4th quarter worth $33,000. Sterling Capital Management LLC raised its holdings in Topgolf Callaway Brands by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 4,543 shares of the company's stock worth $36,000 after purchasing an additional 4,050 shares in the last quarter. KBC Group NV grew its position in shares of Topgolf Callaway Brands by 81.8% in the 4th quarter. KBC Group NV now owns 8,330 shares of the company's stock worth $65,000 after buying an additional 3,749 shares during the period. Covestor Ltd grew its position in shares of Topgolf Callaway Brands by 147.2% in the 4th quarter. Covestor Ltd now owns 9,286 shares of the company's stock worth $73,000 after buying an additional 5,530 shares during the period. Finally, FORA Capital LLC purchased a new stake in shares of Topgolf Callaway Brands in the 4th quarter worth about $81,000. 84.69% of the stock is currently owned by institutional investors.

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.