AdvisorShares Investments LLC Invests $303,000 in BBQ Holdings, Inc. (NASDAQ:BBQ)

AdvisorShares Investments LLC acquired a new position in shares of BBQ Holdings, Inc. (NASDAQ:BBQ – Get Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $303,000.

Separately, Wexford Capital LP bought a new position in BBQ during the fourth quarter worth $26,699,000. Hedge funds and other institutional investors own 69.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of BBQ from a “b-” rating to a “c+” rating in a research note on Tuesday, June 28th.

BBQ Stock Down 0.8 %

Shares of NASDAQ BBQ opened at $11.59 on Friday. The firm has a market cap of $124.71 million, a PE ratio of 4.79, a P/E/G ratio of 0.70 and a beta of 1.78. BBQ Holdings, Inc. has a 12-month low of $9.95 and a 12-month high of $17.40. The company’s fifty day simple moving average is $11.24 and its 200 day simple moving average is $13.28. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.20.

BBQ (NASDAQ:BBQ – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. BBQ had a net margin of 10.27% and a return on equity of 17.52%. The firm had revenue of $64.18 million for the quarter, compared to analyst estimates of $55.91 million. As a group, sell-side analysts forecast that BBQ Holdings, Inc. will post 1.19 earnings per share for the current fiscal year.

BBQ Profile

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BBQ Holdings, Inc develops, owns, operates, and franchises casual and fast dining restaurants under the Famous Dave's, Village Inn, Clark Crew BBQ, Granite City, Tahoe Joe's Steakhouse, Bakers Square, and Real Urban Barbecue names in the United States, Canada, and the United Arab Emirates. It offers smoked, barbequed, and grilled meats, as well as entrée items, and side dishes and appetizers.