Atlanta Braves (BATRK) to Post Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK) is anticipated to post its results before the market opens on Wednesday, August 5th. Analysts expect Atlanta Braves to post earnings of $0.34 per share and revenue of $318.4090 million for the quarter.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.83) by $0.20. The company had revenue of $72.01 million for the quarter, compared to analyst estimates of $64.60 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 Stock Performance

BATRK stock opened at $50.83 on Monday. Atlanta Braves has a 1 year low of $37.76 and a 1 year high of $53.25. The stock’s 50 day moving average price is $50.89 and its 200 day moving average price is $46.54. The firm has a market cap of $2.69 billion, a P/E ratio of -141.19 and a beta of 0.68.

Institutional Trading of Atlanta Braves

Several hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of Atlanta Braves during the 4th quarter worth $249,000. Tower Research Capital LLC TRC grew its position in shares of Atlanta Braves by 409.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,063 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 4,070 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at $202,000. US Bancorp DE grew its position in shares of Atlanta Braves by 14.3% in the third quarter. US Bancorp DE now owns 3,336 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 417 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Atlanta Braves by 104.1% in the third quarter. CIBC Private Wealth Group LLC now owns 2,357 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,202 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Morgan Stanley lowered Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective on the stock. in a research note on Wednesday, July 15th. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.50.

Atlanta Braves Company Profile

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.