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BBQ

BBQ Holdings NasdaqGS:BBQ Stock Report

Last Price

US$17.24

Market Cap

US$185.5m

7D

0.06%

1Y

8.0%

Updated

27 Sep, 2022

Data

Company Financials +

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 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends0/6

BBQ Stock Overview

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.

BBQ Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BBQ Holdings
Historical stock prices
Current Share PriceUS$17.24
52 Week HighUS$17.56
52 Week LowUS$9.95
Beta1.63
1 Month Change0.41%
3 Month Change60.52%
1 Year Change8.02%
3 Year Change248.97%
5 Year Change378.89%
Change since IPO118.92%

Recent News & Updates

Shareholder Returns

BBQUS HospitalityUS Market
7D0.06%4.7%4.4%
1Y8.0%-28.4%-18.2%

Return vs Industry: BBQ exceeded the US Hospitality industry which returned -31.9% over the past year.

Return vs Market: BBQ exceeded the US Market which returned -22.1% over the past year.

Price Volatility

Is BBQ's price volatile compared to industry and market?
BBQ volatility
BBQ Average Weekly Movement14.1%
Hospitality Industry Average Movement7.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: BBQ is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: BBQ's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19942,374Jeff Crivellohttps://www.bbq-holdings.com

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. The company operates full-service and counter-service restaurants.

BBQ Holdings Fundamentals Summary

How do BBQ Holdings's earnings and revenue compare to its market cap?
BBQ fundamental statistics
Market CapUS$185.50m
Earnings (TTM)US$12.38m
Revenue (TTM)US$267.73m

15.0x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BBQ income statement (TTM)
RevenueUS$267.73m
Cost of RevenueUS$227.80m
Gross ProfitUS$39.93m
Other ExpensesUS$27.55m
EarningsUS$12.38m

Last Reported Earnings

Jul 03, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.15
Gross Margin14.91%
Net Profit Margin4.62%
Debt/Equity Ratio34.2%

How did BBQ perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BBQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BBQ?

Other financial metrics that can be useful for relative valuation.

BBQ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA15.9x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does BBQ's PE Ratio compare to its peers?

BBQ PE Ratio vs Peers
The above table shows the PE ratio for BBQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.9x
STKS ONE Group Hospitality
9x27.6%US$228.5m
MHGU Meritage Hospitality Group
8.6xn/aUS$133.3m
NATH Nathan's Famous
17.3xn/aUS$259.1m
LOCO El Pollo Loco Holdings
13.4x23.0%US$344.1m
BBQ BBQ Holdings
15x15.3%US$185.5m

Price-To-Earnings vs Peers: BBQ is expensive based on its Price-To-Earnings Ratio (15x) compared to the peer average (11.9x).


Price to Earnings Ratio vs Industry

How does BBQ's PE Ratio compare vs other companies in the US Hospitality Industry?

Price-To-Earnings vs Industry: BBQ is good value based on its Price-To-Earnings Ratio (15x) compared to the US Hospitality industry average (16.6x)


Price to Earnings Ratio vs Fair Ratio

What is BBQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BBQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: BBQ is expensive based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (13x).


Share Price vs Fair Value

What is the Fair Price of BBQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BBQ ($17.24) is trading below our estimate of fair value ($40.73)

Significantly Below Fair Value: BBQ is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is lower than the current share price.


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Future Growth

How is BBQ Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBQ's forecast earnings growth (15.3% per year) is above the savings rate (1.9%).

Earnings vs Market: BBQ's earnings (15.3% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: BBQ's earnings are forecast to grow, but not significantly.

Revenue vs Market: BBQ's revenue (11.8% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: BBQ's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BBQ's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has BBQ Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


59.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BBQ has a large one-off gain of $4.0M impacting its July 3 2022 financial results.

Growing Profit Margin: BBQ's current net profit margins (4.6%) are lower than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: BBQ has become profitable over the past 5 years, growing earnings by 59% per year.

Accelerating Growth: BBQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BBQ had negative earnings growth (-10.5%) over the past year, making it difficult to compare to the Hospitality industry average (36.2%).


Return on Equity

High ROE: BBQ's Return on Equity (16.9%) is considered low.


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Financial Health

How is BBQ Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BBQ's short term assets ($33.4M) do not cover its short term liabilities ($45.7M).

Long Term Liabilities: BBQ's short term assets ($33.4M) do not cover its long term liabilities ($117.5M).


Debt to Equity History and Analysis

Debt Level: BBQ's net debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: BBQ's debt to equity ratio has reduced from 53.2% to 34.2% over the past 5 years.

Debt Coverage: BBQ's debt is well covered by operating cash flow (91.1%).

Interest Coverage: BBQ's interest payments on its debt are well covered by EBIT (20.6x coverage).


Balance Sheet


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Dividend

What is BBQ Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

BBQ Holdings Dividend Yield vs Market
How does BBQ Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (BBQ Holdings)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Hospitality)1.9%
Analyst forecast in 3 Years (BBQ Holdings)n/a

Notable Dividend: Unable to evaluate BBQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BBQ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BBQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BBQ's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BBQ has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Jeff Crivello (43 yo)

5.08yrs

Tenure

US$377,748

Compensation

Mr. Jeffery Crivello, also known as Jeff, has been the Chief Executive Officer of BBQ Holdings Inc. (formerly known as BBQ Holdings, Inc. (formerly known as Famous Dave’s of America, Inc.) since November 1...


CEO Compensation Analysis

Jeff Crivello's Compensation vs BBQ Holdings Earnings
How has Jeff Crivello's remuneration changed compared to BBQ Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 03 2022n/an/a

US$12m

Apr 03 2022n/an/a

US$24m

Jan 02 2022US$378kUS$250k

US$24m

Oct 03 2021n/an/a

US$19m

Jul 04 2021n/an/a

US$14m

Apr 04 2021n/an/a

-US$8m

Jan 03 2021US$1mUS$260k

US$5m

Sep 27 2020n/an/a

US$6m

Jun 28 2020n/an/a

US$6m

Mar 29 2020n/an/a

US$13m

Dec 29 2019US$1mUS$250k

-US$649k

Sep 29 2019n/an/a

US$2m

Jun 30 2019n/an/a

US$4m

Mar 31 2019n/an/a

US$4m

Dec 30 2018n/an/a

US$5m

Sep 30 2018n/an/a

US$2m

Jul 01 2018n/an/a

-US$1m

Apr 01 2018n/an/a

-US$4m

Dec 31 2017US$455kUS$28k

-US$7m

Compensation vs Market: Jeff's total compensation ($USD377.75K) is below average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BBQ's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: BBQ's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGS:BBQ Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
11 Aug 22SellUS$20,523,120Kanen Wealth Management LLCCompany1,200,000US$17.11
22 Mar 22SellUS$154,274Jeffery CrivelloIndividual10,000US$15.55
22 Mar 22SellUS$75,693Bryan WolffIndividual4,941US$15.39
21 Mar 22SellUS$41,958Albert HankIndividual2,700US$15.54

Ownership Breakdown

What is the ownership structure of BBQ?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders652,1686.1%
General Public2,283,55321.2%
Institutions2,799,62326.0%
Hedge Funds5,024,71146.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.9%.


Top Shareholders

Top 25 shareholders own 78.29% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.66%
Wexford Capital LP
1,685,556$29.1m0%3.68%
12.46%
Bandera Partners LLC
1,340,901$23.1m0%8.49%
9.76%
Beryl Capital Management LLC
1,050,000$18.1m0%2.23%
8.81%
Nantahala Capital Management, LLC
948,254$16.3m-0.35%1.47%
4.98%
Jeffery Crivello
535,950$9.2m7.39%no data
4.29%
Renaissance Technologies LLC
461,375$8.0m-6.04%0.01%
3.89%
Farnam Street Capital, Inc.
418,169$7.2m0%31.46%
3.46%
Kanen Wealth Management LLC
371,986$6.4m-77.53%3.93%
2.88%
The Vanguard Group, Inc.
310,331$5.4m0%no data
2.03%
BlackRock, Inc.
218,767$3.8m2.2%no data
1.9%
Dimensional Fund Advisors LP
204,715$3.5m14.87%no data
1.42%
PW Partners Capital Management LLC
152,930$2.6m0%99.96%
1.05%
Goldman Sachs Group, Investment Banking and Securities Investments
112,620$1.9m-16.22%no data
0.81%
Geode Capital Management, LLC
87,533$1.5m8.17%no data
0.81%
Hillsdale Investment Management Inc.
86,645$1.5m0%0.11%
0.78%
David Kanen
83,441$1.4m0%no data
0.76%
Aristides Capital, LLC
81,265$1.4m69.87%1.13%
0.65%
Acadian Asset Management LLC
69,726$1.2m72.87%no data
0.37%
Millennium Management LLC
40,286$694.5k202.99%no data
0.34%
State Street Global Advisors, Inc.
36,807$634.6k-1.6%no data
0.33%
Bridgeway Capital Management, LLC
35,513$612.2k0%0.01%
0.25%
Northern Trust Global Investments
26,622$459.0k0.64%no data
0.24%
BNY Mellon Asset Management
26,056$449.2k0%no data
0.18%
AdvisorShares Investments, LLC
19,708$339.8k-1.46%0.09%
0.17%
Albert Hank
18,592$320.5k27.83%no data

Company Information

BBQ Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: BBQ Holdings, Inc.
  • Ticker: BBQ
  • Exchange: NasdaqGS
  • Founded: 1994
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: US$185.503m
  • Shares outstanding: 10.76m
  • Website: https://www.bbq-holdings.com

Number of Employees


Location

  • BBQ Holdings, Inc.
  • 12701 Whitewater Drive
  • Suite 100
  • Minnetonka
  • Minnesota
  • 55343
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBQNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1996
2RADB (Deutsche Boerse AG)YesCommon StockDEEURNov 1996

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/07/03
Annual Earnings2022/01/02


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.