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Bt Brands Inc (BTBD)
:BTBD
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BT Brands
(NASDAQ:BTBD)
Rating:53Neutral
Price Target:
$3.00
▲(50.75% Upside)
BT Brands (BTBD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.99M
Dividend YieldN/A
Average Volume (3M)4.42M
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth4.71%
EPS Growth-72.09%
CountryUS
Employees40
SectorConsumer Cyclical
Sector Strength72
IndustryRestaurants
Share Statistics
EPS (TTM)-0.05
Shares Outstanding6,154,724
10 Day Avg. Volume13,244,869
30 Day Avg. Volume4,418,867
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue0.64
Enterprise Value/Gross Profit2.21
Enterprise Value/Ebitda-9.19
Forecast
1Y Price Target
$3.00Price Target Upside50.75% Upside
Rating ConsensusHold
Number of Analyst Covering1
BT Brands Business Overview & Revenue Model
Company DescriptionBT Brands (BTBD) is a diversified company involved in the acquisition, operation, and growth of restaurant brands. The company primarily focuses on the fast-casual and quick-service restaurant sectors, offering a range of dining experiences and menu options. BT Brands aims to leverage its expertise in the food service industry to expand its portfolio and enhance customer satisfaction across its various outlets.
How the Company Makes MoneyBT Brands makes money primarily through the operation and management of its restaurant brands. The company generates revenue from the sale of food and beverages at its owned and franchised locations. Key revenue streams include dine-in services, takeout, and delivery options. BT Brands may also engage in strategic partnerships and franchise agreements, which contribute to its earnings by expanding its brand presence and sharing profits with franchisees. Additionally, the company might explore opportunities for brand licensing and collaborations to further enhance its revenue model.
BT Brands Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q4-2023)
| % Change Since: 93.20%|
Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a challenging year for BT Brands with a significant net loss. However, there are positive signs of growth and potential improvements in various segments like Keegan's and Burger Time locations. The company remains optimistic about future performance based on its strong financial position and strategic plans.Q4-2023 Updates
Positive Updates
Sales Growth Despite Challenges
BT Brands reported a 15% increase in sales, reaching $14 million, despite not making any new acquisitions during the year.
Strong Financial Position
The company holds $6.9 million in cash, mostly in treasury bills, with an additional $1 million at Bagger Dave's.
Positive Trends at Keegan's
Keegan's performance has improved, with recent weekly sales around $80,000, nearing capacity, and expectations for $3.2 million annual sales in 2024.
Burger Time Locations Show Promise
Double-digit sales growth reported at Burger Time locations in early 2024, attributed partly to favorable weather conditions.
Successful Pie in the Sky Acquisition
The acquisition has been highly successful, with a return on investment achieved in just over a year.
Negative Updates
Net Loss for the Year
BT Brands reported a net loss of $887,368 for the year, with significant losses attributed to Bagger Dave's and nonrecurring expenses.
Challenges with Bagger Dave's
Bagger Dave's contributed a $347,000 loss, representing 35% of the total company loss before tax.
Struggles at Village Bier Garten
Village Bier Garten remains unprofitable, requiring average weekly sales of $30,000 to break even, with only recent weeks showing potential profitability.
High Labor Costs Impact
Higher labor costs have affected profitability, with some locations struggling to maintain consistent management and effective staffing.
Dairy Queen Franchise Exit
BT Brands plans to exit the Dairy Queen franchise, as it doesn't align with their business model and has been an unsatisfactory relationship.
Company Guidance
During the BT Brands earnings call for Q4 2023, Kenneth Brimmer outlined the company's financial performance and future strategy. The company reported a net loss of $887,368 on $14 million in sales, marking a 15% sales increase compared to the previous year. Brimmer attributed 35% of the loss to Bagger Dave's, with costs of $347,000. Additionally, legal and professional expenses tied to Noble Roman's board efforts amounted to over $100,000. Despite these setbacks, BT Brands holds $6.9 million in cash and aims to revamp its operations by divesting its Dairy Queen franchise and rebranding Bagger Dave's, projecting potential revenue growth to $12 million with an EBITDA margin target of 15%. Keegan's, another venture, aims to achieve $3.2 million in annual sales with 10% profitability, while the Village Bier Garten needs to surpass $30,000 weekly to maintain profitability. Overall, Brimmer expressed optimism for future profitability and growth through potential acquisitions and operational improvements.BT Brands Financial Statement Overview
Summary
BT Brands faces operational and profitability challenges, with negative net income and cash flows. Despite a solid equity base, rising debt levels and cash flow issues necessitate strategic financial management.Income Statement
BT Brands has seen fluctuating revenue growth with a recent slight increase in TTM revenue. However, the company faces challenges with negative net income and EBIT margins, indicating profitability issues. The gross profit margin is somewhat stable, but overall, profitability remains a concern.42
Neutral
Balance Sheet
The company maintains a strong equity position with a solid equity ratio. However, the increasing debt-to-equity ratio may pose a risk if not managed carefully. Stockholders' equity has decreased slightly, which requires attention.55
Neutral
Cash Flow
Cash flow analysis shows negative operating and free cash flows, suggesting cash management challenges. The operating cash flow to net income ratio is negative, reflecting operational inefficiencies. Improvements are needed to enhance cash flow stability.47
Neutral
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.82M | 14.08M | 12.60M | 8.45M | 8.16M |
| Gross Profit | 3.09M | 1.71M | 3.62M | 2.78M | 2.73M |
| EBITDA | -1.26M | -336.22K | -178.48K | 1.21M | 1.29M |
| Net Income | -2.31M | -887.37K | -562.28K | 607.85K | 791.99K |
Balance Sheet | |||||
| Total Assets | 12.00M | 14.61M | 16.77M | 14.51M | 3.39M |
| Cash, Cash Equivalents and Short-Term Investments | 4.27M | 6.69M | 8.14M | 12.39M | 1.32M |
| Total Debt | 4.05M | 4.38M | 5.64M | 3.00M | 3.18M |
| Total Liabilities | 5.03M | 5.42M | 6.62M | 3.88M | 4.09M |
| Stockholders Equity | 6.97M | 9.19M | 10.15M | 10.63M | -702.32K |
Cash Flow | |||||
| Free Cash Flow | -1.22M | -747.17K | -266.60K | 606.03K | 1.24M |
| Operating Cash Flow | -723.50K | -258.79K | 211.80K | 813.96K | 1.40M |
| Investing Cash Flow | -2.18M | 4.71M | -11.04M | -207.92K | 24.58K |
| Financing Cash Flow | -440.85K | -1.30M | 590.70K | 10.46M | -358.96K |
BT Brands Technical Analysis
Positive
1.99
Price Trends
1.44
Positive
1.31
Positive
1.47
Positive
Market Momentum
0.22
Negative
54.94
Neutral
15.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BTBD, the sentiment is Positive. The current price of 1.99 is above the 20-day moving average (MA) of 1.62, above the 50-day MA of 1.44, and above the 200-day MA of 1.47, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 54.94 is Neutral, neither overbought nor oversold. The STOCH value of 15.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BTBD.
BT Brands Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $40.08M | 15.12 | 21.75% | ― | 2.93% | 20.81% | |
65 Neutral | $17.51M | 14.18 | 3.85% | ― | 1.84% | 12.10% | |
61 Neutral | $16.99B | 10.66 | -7.51% | 3.25% | 1.53% | -15.49% | |
54 Neutral | $3.99M | 14.38 | 4.99% | ― | 3.95% | 1180.00% | |
53 Neutral | $10.99M | ― | -28.39% | ― | 4.71% | -72.09% | |
48 Neutral | $24.85M | ― | -22.57% | 2.67% | -6.89% | -42.75% | |
44 Neutral | $13.68M | ― | -402.19% | ― | 3.39% | 39.45% |
* Consumer Cyclical Sector Average
Performance Comparison
BTBD
BT Brands
1.85
0.59
46.83%
ARKR
Ark Restaurants
7.01
-4.58
-39.52%
GTIM
Good Times Restaurants
1.66
-0.99
-37.36%
RAVE
Rave Restaurant Group
2.82
1.07
61.14%
REBN
Reborn Coffee, Inc.
2.58
-1.21
-31.93%
CHSN
Chanson International Holding Class A
0.09
-1.61
-94.71%
BT Brands Corporate Events
Executive/Board Changes
BT Brands Appoints Fred Croci to Board
Neutral
Oct 28, 2024
Following Steven W. Schussler’s resignation from the board, Fred Croci was appointed to fill the vacancy, joining both the audit and compensation committees. Schussler’s unvested options were accelerated to full vesting upon resigning, while Croci received fully vested options to purchase 5,000 shares. The board assessed Croci’s independence, confirming his compliance with NASDAQ and SEC standards, ensuring his capability to contribute effectively to the company’s governance.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.