BBQ Holdings, Inc.

Report azionario NasdaqGS:BBQ

Capitalizzazione di mercato: US$185.5m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

BBQ Holdings Dividendi e riacquisti

Criteri Dividendo verificati 0/6

Informazioni chiave

n/a

Rendimento del dividendo

-0.1%

Rendimento del riacquisto

Rendimento totale per gli azionisti-0.1%
Rendimento futuro dei dividendin/a
Crescita dei dividendin/a
Prossima data di pagamento dei dividendin/a
Data di stacco del dividendon/a
Dividendo per azionen/a
Rapporto di remunerazionen/a

Aggiornamenti recenti su dividendi e riacquisti

Nessun aggiornamento

Recent updates

Seeking Alpha • Aug 09

MTY Food to acquire BBQ for $17.25/share in an highly accretive transaction

MTY Food (OTCPK:MTYFF) and BBQ (NASDAQ:BBQ) entered into a definitive merger agreement wherein the former will acquire all of the issued and outstanding common shares of the latter for cash consideration of $17.25/BBQ share representing total transaction value of ~$200M including BBQ net debt. The transaction consideration will be 100% funded in cash; MTY will use its cash on hand and its existing credit facility to fund the cash consideration. On transaction completion (expected by Q4 of 2022), BBQ will become a subsidiary of MTY and the shares of BBQ will be de-listed from Nasdaq. As of Aug. 9, 2022, BBQ operates 200+ franchised and 100+ corporate-owned restaurants; for FY22 ending Jan. 1, 2023, the company is expected to generate 12-month run-rate system sales and cash EBITDA between $685M to $725M and $25.5M and $27.5M, respectively. With this Transaction, MTY will add leading restaurant brands to its network which will reach a total of ~7K locations, including 3.9K+ in U.S. The transaction is expected to be immediately accretive to MTY’s free cash flow per share; transaction represents a 7.5x multiple of BBQ mid-point FY2022E run-rate cash EBITDA guidance of $26.5M.
Seeking Alpha • Jul 12

BBQ Holdings: The Turnaround Is Now In Full Motion

BBQ is down more than 30% since my previous article which means it is a good time to revisit the investment thesis. In the short term, I believe investors are concerned that the company will suffer as consumer sentiment deteriorates across the economy. However, as evidenced by the recent results, I believe the long-term picture remains intact and the growth model based on cheap M&A deals has so far proved to be successful. According to my estimates and if management maintains the current momentum, BBQ could offer a 100% upside. Investors shouldn't get too excited just yet since market volatility will remain high in the coming months and offer numerous opportunities to accumulate shares at lower prices. Investment Thesis In my previous article on BBQ Holdings, Inc. (BBQ), I came to the conclusion that the company was pursuing a successful turnaround strategy focused on cheap acquisitions as the main growth source. You can read about it here. Since then, BBQ lost ~33% vs. a loss of ~14% for the S&P 500 and has outperformed the market. In the short term, I believe investors are concerned that deteriorating consumer sentiment will harm the company. However, I believe the long-term picture remains intact as illustrated by the recent results. Based on my estimates, BBQ could offer a 100% upside if management maintains the current momentum. As a result, I think the stock offers an attractive risk-reward scenario which makes it a buy. That said, investors shouldn't go all in just yet as I suspect that volatility will remain elevated in the markets in the months ahead and BBQ is likely to see lower prices. Recent Developments On May 10th, 2022, the company reported results for Q1 FY22. Overall, the results were solid and BBQ managed to beat both revenue and EPS estimates. Sales reached ~$64.18 million in the last quarter, representing a ~72% YoY increase. The results were boosted by the Village Inn and Tahoe Joe's Steakhouse acquisitions made in July and October 2021, respectively. More on that in my previous article on BBQ. On top of that, management remains committed to the same growth model going forward. The company acquired three bar-centric locations in March 2022, collectively referred to as Famous Craft Concepts, bringing the total cash spent on M&A deals for Q1 FY22 to $4.43 million. The company used less than $0.5 million in new debt to finance these acquisitions and mostly relied on cash from operating activities and accumulated cash reserves on its balance sheet. Another acquisition took place on April 11 2022 when BBQ closed the purchase of Barrio Queen, a chain of seven authentic Mexican fine dining restaurants in Phoenix, Arizona, for $28.5 million. BBQ 10-Q BBQ's numerous concepts continue to enjoy high comparable sales figures relative to 2019 and 2021, with a few exceptions. Famous Dave's company-owned restaurants are up 12.6%, whereas Village Inn and Bakers Square are down vs 2019. The next quarters will be very important to watch as they will give investors a good idea if management is successful in turning around these two lagging concepts. Given how high inflation is at the moment, I expect same-store sales to remain high over the next year on a company-wide level. BBQ Investor Relations Website TTM sales have now reached ~$233 million, and are at a multi-decade high. The turnaround is in full swing and management was successful in transforming this failing restaurant chain into a thriving M&A growth machine, while keeping the amount of leverage limited. BBQ finished the last quarter with less than $15 million in total debt, which is relatively low compared to the total amount spent on acquisitions in the previous 24 months. Management now expects revenue of $290 to $310 million for FY22, which is ~9% higher compared to the previous guidance from March 2022. Refinitiv Eikon What's good to see is that operations have benefited from this growth model. The TTM gross profit has now exceeded the 2015 high of ~$35 million and TTM cash from operating activities came close to $23.5 million. According to management, FY22 free cash flow is expected to range from $13.5 to $15.5 million, unchanged from what was communicated in March 2022. Refinitiv Eikon The company has a ~17% TTM gross margin, which remains below the 20% average between 2010 and 2015. It is of course very hard to compare today's situation with the last decade since BBQ has completely changed its strategy and is now focused on growing through acquisitions. This business model will impact the gross margin with every new acquisition. The operating margin is also stable at around ~13%, which is in line with other competitors. Refinitiv Eikon Refinitiv Eikon Valuation In my previous article on BBQ, I argued that the business was fairly priced at ~9.4x EV/EBITDA. Based on 10.6 million shares outstanding, the company has a market cap of approximately $117.6 million. In this part, I have used a DCF model to value the business. The following assumptions have been made in the model: Estimated free cash flow for FY23 of $17 million, slightly below Wall Street estimates of $19 million to provide a conservative intrinsic value figure. A growth rate of 5% until FY26. A 2% terminal growth rate. A 10% discount rate, in line with BBQ's WACC.
Articolo di analisi • Jul 02

The Return Trends At BBQ Holdings (NASDAQ:BBQ) Look Promising

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Articolo di analisi • May 25

What Does BBQ Holdings, Inc.'s (NASDAQ:BBQ) Share Price Indicate?

BBQ Holdings, Inc. ( NASDAQ:BBQ ), might not be a large cap stock, but it saw significant share price movement during...
Seeking Alpha • Apr 20

BBQ Holdings's Strategy Is Working And The Stock Is Cheap

BBQ is run rating ~$715M in system wide sales yet has an enterprise value of ~$145M. CEO Crivello has quietly taken EBITDA from $4M in 2017 to the current run rate of $27.5M+. BBQ has a battle tested growth algorithm that should drive extraordinary returns for shareholders over the next 5 years - in similar fashion to BBQ's last 5 years. BBQ will likely generate $18.5M+ in royalty and license revenue, which is a highly valuable cash flow stream and alone is worth more than the current stock price. BBQ management has a proven track record and is highly aligned with shareholders.
Seeking Alpha • Mar 25

Time For Some BBQ Holdings

Management has executed an interesting strategy of buying restaurant brands under pressure during the pandemic, with limited debt or equity issuance. The reopening rebound in restaurant sales has been slowed by a jump in gasoline prices during the past year, hopefully soon to reverse. The stock valuation is extremely low, if Wall Street estimates prove close to reality. Share quote gains over the past year have led the sector, with accumulation trends continuing by forward-looking investors.
Articolo di analisi • Feb 24

Returns Are Gaining Momentum At BBQ Holdings (NASDAQ:BBQ)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Seeking Alpha • Feb 07

BBQ Holdings: Revisiting The Investment Thesis

BBQ continues to be active in the M&A field and recently bought Tahoe Joe's through a bankruptcy auction. BBQ delivered a solid third-quarter and is now on track to generate more than $16 million in operating cash flow in FY21, a level not achieved since 2013. BBQ is attractively priced relative to its peers, assuming BBQ will continue to reach its strategic targets.
Seeking Alpha • Dec 01

BBQ Holdings Is Cooking Up A New Winning Recipe

BBQ Holdings is the new holding company created by Famous Dave’s restaurants. BBQ Holdings is a micro-cap in turnaround. The company is making major changes in structure, innovating sales opportunities, acquiring other brands, cross selling, and taking advantages of synergies to reduce. I see a fair market value of $27.60. There is much room for upside potential if the turnaround is a success.
Articolo di analisi • Nov 17

Why BBQ Holdings' (NASDAQ:BBQ) Earnings Are Weaker Than They Seem

Despite posting strong earnings, BBQ Holdings, Inc.'s ( NASDAQ:BBQ ) stock didn't move much over the last week. We...
Seeking Alpha • Sep 19

BBQ Holdings: Fairly Priced Even After Stellar YTD Performance

The company has launched new initiatives that could increase revenue and margins in the near future. BBQ has been very active recently in the M&A field: they have acquired 4 businesses since the start of 2020. The stock is now fairly valued after a stellar YTD performance.
Articolo di analisi • Sep 18

The Market Doesn't Like What It Sees From BBQ Holdings, Inc.'s (NASDAQ:BBQ) Earnings Yet

BBQ Holdings, Inc.'s ( NASDAQ:BBQ ) price-to-earnings (or "P/E") ratio of 11.6x might make it look like a buy right now...
Seeking Alpha • Jul 05

BBQ Holdings: Earnings Growth Combined With Multiple Expansion Should Rerate The Stock

BBQ is primarily a royalty income annuity FCF business with negligible capital needs. BBQ has excellent prospects for multi-year double-digit franchise unit and franchise income growth. Earnings estimates should be beat handily. BBQ has additional strategies to fuel growth including adding high-end breakfast/brunch in some concepts as well as a strong balance sheet for M&A led by talented and incentivized capital allocators.

Stabilità e crescita dei pagamenti

Recupero dei dati sui dividendi

Dividendo stabile: Dati insufficienti per determinare se i dividendi per azione di BBQ siano rimasti stabili in passato.

Dividendo in crescita: Dati insufficienti per determinare se i pagamenti dei dividendi di BBQ siano aumentati.

Rendimento dei dividendi rispetto al mercato

BBQ Holdings Rendimento dei dividendi rispetto al mercato
Come si colloca il rendimento da dividendo di BBQ rispetto al mercato?
SegmentoRendimento dei dividendi
Azienda (BBQ)n/a
Fondo del 25% del mercato (US)1.4%
Top 25% del mercato (US)4.2%
Media del settore (Hospitality)2.3%
Analista previsionale (BBQ) (fino a 3 anni)n/a

Dividendo notevole: Impossibile valutare il rendimento dei dividendi di BBQ rispetto al 25% inferiore dei pagatori di dividendi, poiché la società non ha segnalato alcun pagamento recente.

Dividendo elevato: Impossibile valutare il rendimento dei dividendi di BBQ rispetto al 25% dei maggiori pagatori di dividendi, poiché la società non ha segnalato alcun pagamento recente.

Distribuzione degli utili agli azionisti

Copertura degli utili: Dati insufficienti per calcolare il payout ratio di BBQ per determinare se i suoi pagamenti di dividendi sono coperti dagli utili.

Pagamenti in contanti agli azionisti

Copertura del flusso di cassa: Impossibile calcolare la sostenibilità dei dividendi poiché BBQ non ha segnalato alcun pagamento.

Scoprire le società che pagano dividendi forti

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2022/09/27 16:24
Prezzo dell'azione a fine giornata2022/09/27 00:00
Utili2022/07/03
Utili annuali2022/01/02

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

BBQ Holdings, Inc. è coperta da 5 analisti. 2 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Conrad LyonB. Riley Securities, Inc.
Brooks O'NeilColliers Securities
Alex FuhrmanCraig-Hallum Capital Group LLC