Atlanta Braves (BATRK) to Post Quarterly Earnings on Wednesday

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

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Monday, May 11th. The financial services provider reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.20. The firm had revenue of $72.01 million during the quarter, compared to analysts’ expectations 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 Trading Up 0.3%

Shares of Atlanta Braves stock opened at $50.99 on Tuesday. The firm has a market cap of $2.69 billion, a PE ratio of -141.64 and a beta of 0.68. The stock has a 50 day moving average of $50.92 and a 200 day moving average of $46.62. Atlanta Braves has a 12 month low of $37.76 and a 12 month high of $53.25.

Hedge Funds Weigh In On Atlanta Braves

A number of large investors have recently made changes to their positions in BATRK. Mercer Global Advisors Inc. ADV bought a new position in Atlanta Braves during the 4th quarter valued at about $287,000. KKM Financial LLC purchased a new position in shares of Atlanta Braves during the fourth quarter valued at approximately $849,000. nVerses Capital LLC bought a new position in shares of Atlanta Braves during the fourth quarter valued at approximately $249,000. Summit Securities Group LLC raised its holdings in shares of Atlanta Braves by 50.0% in the fourth quarter. Summit Securities Group LLC now owns 3,000 shares of the financial services provider’s stock worth $118,000 after buying an additional 1,000 shares during the period. Finally, Boothbay Fund Management LLC lifted its stake in shares of Atlanta Braves by 435.0% during the 4th quarter. Boothbay Fund Management LLC now owns 128,311 shares of the financial services provider’s stock worth $5,062,000 after acquiring an additional 104,326 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BATRK has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, June 24th. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Morgan Stanley downgraded shares of Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price target on the stock. in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.