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BBQ Holdings (BBQ) Aktievy
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. Mer information
| Snöflinga Score | |
|---|---|
| Värdering | 3/6 |
| Framtida tillväxt | 3/6 |
| Tidigare resultat | 1/6 |
| Finansiell hälsa | 4/6 |
| Utdelningar | 0/6 |
Belöningar
Riskanalys
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BBQ Holdings, Inc. Konkurrenter
Prishistorik och prestanda
| Historiska aktiekurser | |
|---|---|
| Aktuell aktiekurs | US$17.24 |
| 52 veckors högsta | US$17.56 |
| 52 veckors lägsta | US$9.95 |
| Beta | 1.63 |
| 1 månads förändring | 0.41% |
| 3 månaders förändring | 60.52% |
| 1 års förändring | 8.02% |
| 3 års förändring | 248.97% |
| 5 års förändring | 378.89% |
| Förändring sedan börsintroduktionen | 118.92% |
Senaste nyheter och uppdateringar
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.Analysartikel • 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...Analysartikel • 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...Recent updates
Aktieägarnas avkastning
| BBQ | US Hospitality | US Marknad | |
|---|---|---|---|
| 7D | 0.06% | 0.2% | 1.1% |
| 1Y | 8.0% | -4.4% | 28.7% |
Avkastning vs industri: BBQ översteg US Hospitality branschen som gav -4.4 % under det senaste året.
Avkastning vs Marknaden: BBQ översteg US marknaden som gav 28.7 % under det senaste året.
Prisvolatilitet
| BBQ volatility | |
|---|---|
| BBQ Average Weekly Movement | 14.1% |
| Hospitality Industry Average Movement | 7.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.1% |
Stabil aktiekurs: BBQ s aktiekurs har varit volatil under de senaste 3 månaderna jämfört med marknaden för US.
Volatilitet över tid: BBQ s veckovolatilitet ( 14% ) har varit stabil under det senaste året, men är fortfarande högre än 75 % av US aktier.
Om företaget
| Grundad | Anställda | VD OCH KONCERNCHEF | Webbplats |
|---|---|---|---|
| 1994 | 2,374 | Jeff Crivello | www.bbq-holdings.com |
BBQ Holdings, Inc. Sammanfattning av grunderna
| BBQ grundläggande statistik | |
|---|---|
| Börsvärde | US$185.50m |
| Vinst(TTM) | US$12.38m |
| Intäkter(TTM) | US$267.73m |
15.0x
P/E-förhållande0.7x
P/S-förhållandeÄr BBQ övervärderat?
Se Verkligt värde och värderingsanalysResultat & intäkter
| BBQ resultaträkning (TTM) | |
|---|---|
| Intäkter | US$267.73m |
| Kostnad för intäkter | US$227.80m |
| Bruttovinst | US$39.93m |
| Övriga kostnader | US$27.55m |
| Intäkter | US$12.38m |
Senast redovisade vinst
Jul 03, 2022
Nästa vinstdatum
n/a
| Vinst per aktie (EPS) | 1.15 |
| Bruttomarginal | 14.91% |
| Nettovinstmarginal | 4.62% |
| Skuld/egenkapitalförhållande | 34.2% |
Hur har BBQ utvecklats på lång sikt?
Se historisk utveckling och jämförelseFöretagsanalys och finansiella data Status
| Uppgifter | Senast uppdaterad (UTC-tid) |
|---|---|
| Analys av företag | 2022/09/27 16:26 |
| Aktiekurs vid dagens slut | 2022/09/27 00:00 |
| Intäkter | 2022/07/03 |
| Årlig intjäning | 2022/01/02 |
Datakällor
Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.
| Paket | Uppgifter | Tidsram | Exempel US-källa |
|---|---|---|---|
| Företagets finansiella ställning | 10 år |
| |
| Analytikernas konsensusuppskattningar | +3 år |
|
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| Marknadspriser | 30 år |
| |
| Ägarskap | 10 år |
| |
| Förvaltning | 10 år |
| |
| Viktiga utvecklingstendenser | 10 år |
|
* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.
Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.
Analysmodell och snöflinga
Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.
Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.
Industri- och sektormått
Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.
Källor för analytiker
BBQ Holdings, Inc. bevakas av 5 analytiker. 2 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.
| Analytiker | Institution |
|---|---|
| Conrad Lyon | B. Riley Securities, Inc. |
| Brooks O'Neil | Colliers Securities |
| Alex Fuhrman | Craig-Hallum Capital Group LLC |