Shares of Topgolf Callaway Brands Corp. (NYSE:MODG - Get Free Report) have been given an average recommendation of "Hold" by the twelve research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.67.
A number of brokerages recently commented on MODG. B. Riley lowered Topgolf Callaway Brands from a "buy" rating to a "neutral" rating and dropped their price target for the company from $18.00 to $12.00 in a research note on Thursday, October 17th. Truist Financial decreased 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 research note 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 research note on Thursday, January 2nd. Roth Mkm reaffirmed a "buy" rating and set a $16.00 price target (down previously from $17.00) on shares of Topgolf Callaway Brands in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group decreased 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 research note on Thursday, November 14th.
View Our Latest Stock Analysis on Topgolf Callaway Brands
MODG opened at $7.60 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93. Topgolf Callaway Brands has a fifty-two week low of $7.22 and a fifty-two week high of $16.89. The firm's fifty day moving average is $8.13 and its 200 day moving average is $9.78. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -94.93 and a beta of 1.70.
Several institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in shares of Topgolf Callaway Brands by 115.5% in the third quarter. Harbor Capital Advisors Inc. now owns 1,644,741 shares of the company's stock worth $18,059,000 after acquiring an additional 881,535 shares during the last quarter. LGT Capital Partners LTD. acquired a new stake in shares of Topgolf Callaway Brands in the third quarter worth approximately $6,588,000. Portolan Capital Management LLC acquired a new stake in shares of Topgolf Callaway Brands in the third quarter worth approximately $3,862,000. Empowered Funds LLC purchased a new position in shares of Topgolf Callaway Brands in the third quarter worth about $3,396,000. Finally, Requisite Capital Management LLC purchased a new position in shares of Topgolf Callaway Brands in the fourth quarter worth about $2,426,000. 84.69% of the stock is owned by institutional investors and hedge funds.
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.
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