Atlanta Braves (BATRK) Expected to Announce Quarterly Earnings on Monday
by Scott Moore · The Cerbat GemAtlanta Braves (NASDAQ:BATRK – Get Free Report) will likely be issuing its results before the market opens on Monday, May 11th. Analysts expect the company to announce earnings of ($0.83) per share and revenue of $64.60 million for the quarter.
Atlanta Braves (NASDAQ:BATRK – Get Free Report) last announced its earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.38. The company had revenue of $61.30 million for the quarter, compared to analysts’ expectations of $54.93 million. On average, analysts expect Atlanta Braves to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Atlanta Braves Trading Down 0.0%
NASDAQ BATRK traded down $0.02 during mid-day trading on Monday, reaching $50.05. 27,344 shares of the company’s stock traded hands, compared to its average volume of 359,953. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -128.45 and a beta of 0.73. The company has a fifty day simple moving average of $44.50 and a 200-day simple moving average of $41.40. Atlanta Braves has a 1-year low of $37.76 and a 1-year high of $50.42.
Insiders Place Their Bets
In other Atlanta Braves news, major shareholder John C. Malone bought 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was purchased at an average price of $44.23 per share, for a total transaction of $1,548,050.00. Following the purchase, the insider directly owned 521,862 shares in the company, valued at $23,081,956.26. This trade represents a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Institutional Investors Weigh In On Atlanta Braves
Several hedge funds have recently modified their holdings of BATRK. EverSource Wealth Advisors LLC boosted its position in shares of Atlanta Braves by 956.1% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 631 shares during the period. Advisory Services Network LLC acquired a new position in shares of Atlanta Braves in the 3rd quarter worth approximately $34,000. Comerica Bank raised its holdings in shares of Atlanta Braves by 44.8% in the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after buying an additional 319 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Atlanta Braves in the 4th quarter worth approximately $51,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Atlanta Braves by 72.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,426 shares of the financial services provider’s stock worth $56,000 after buying an additional 600 shares in the last quarter. 64.88% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on BATRK shares. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, March 27th. Rosenblatt Securities lifted their target price on Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Wall Street Zen lowered shares of Atlanta Braves from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.00.
Read Our Latest Stock Analysis on Atlanta Braves
About Atlanta Braves
The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.
The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.