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BT Brands (BTBD)
NASDAQ:BTBD
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BT Brands
(NASDAQ:BTBD)
35Underperform
BT Brands (BTBD) vs. S&P 500 (SPY)
Market Cap
$7.37M
Dividend YieldN/A
Average Volume (3M)14.39K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth4.20%
EPS Growth-91.31%
CountryUS
Employees54
SectorConsumer Cyclical
Sector Strength55
IndustryRestaurants
Share Statistics
EPS (TTM)-0.37
Shares Outstanding6,154,724
10 Day Avg. Volume11,560
30 Day Avg. Volume14,393
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.64
Price to Cash Flow (P/CF)18.10
P/FCF Ratio32.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
BT Brands Business Overview & Revenue Model
Company DescriptionBT Brands, Inc. (BTBD) is a company that operates within the food service and restaurant sectors. The company is focused on owning and managing a portfolio of diverse dining establishments, including fast-food outlets and casual dining restaurants. BT Brands aims to deliver quality dining experiences through its various brands, catering to a wide range of consumer tastes and preferences.
How the Company Makes MoneyBT Brands generates revenue primarily through the sale of food and beverages at its owned and franchised restaurant locations. The company's income streams include direct sales from company-operated restaurants, franchise fees, and royalties from franchised locations. Additionally, BT Brands may engage in strategic partnerships to expand its brand reach and enhance operational efficiencies. These partnerships could include agreements with suppliers for cost-effective procurement of ingredients and collaborations with delivery services to increase accessibility to their products. Overall, the company focuses on growing its restaurant portfolio and enhancing customer experiences to drive sales and profitability.
BT Brands Financial Statement Overview
Summary
BT Brands faces ongoing financial difficulties, with consistent losses affecting profitability and cash flows. While revenue is growing, operational inefficiencies and high costs are weighing down performance. The balance sheet shows moderate leverage and strong equity, providing some stability amidst financial challenges. The company needs to improve operational efficiency to enhance profitability and cash flow.Income Statement
BT Brands shows a challenging financial performance with a decreasing trend in profit margins. The Gross Profit Margin for TTM is approximately 16.63%, showing some ability to cover cost of goods sold. However, the Net Profit Margin is negative, indicating losses. Revenue growth is modest but consistent, with a 4.06% increase from the previous year. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.40
Negative
Balance Sheet
The balance sheet presents mixed results. The Debt-to-Equity Ratio is 0.49, indicating a moderate level of leverage. However, the Equity Ratio stands at 62.18%, suggesting a relatively strong equity position. Return on Equity is negative due to losses, which is a concern for investors. The company has a substantial amount of cash, providing some liquidity cushion.55
Neutral
Cash Flow
BT Brands' cash flow statement shows negative free cash flow growth, indicating cash outflows exceeding inflows. The Operating Cash Flow to Net Income Ratio is negative due to operating losses, though the Free Cash Flow to Net Income Ratio is slightly better, indicating efforts to manage capital expenditures.45
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 14.65M | 14.08M | 12.60M | 8.45M | 8.16M | 6.48M | Gross Profit |
| 2.44M | 1.71M | 3.62M | 2.78M | 2.73M | 1.77M | EBIT |
| -1.67M | -1.07M | -391.16K | 980.71K | 1.29M | -112.25K | EBITDA |
| -856.85K | -336.22K | -178.48K | 1.21M | 1.29M | -147.95K | Net Income Common Stockholders |
| -1.35M | -887.37K | -562.28K | 607.85K | 791.99K | -368.58K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 663.51K | 6.69M | 8.14M | 12.39M | 1.32M | 258.10K | Total Assets |
| 3.26M | 14.61M | 16.77M | 14.51M | 3.39M | 2.63M | Total Debt |
| 3.77M | 4.38M | 5.64M | 3.00M | 3.18M | 3.50M | Net Debt |
| 3.11M | -915.50K | 3.49M | -9.38M | 1.86M | 3.24M | Total Liabilities |
| 4.31M | 5.42M | 6.62M | 3.88M | 4.09M | 4.03M | Stockholders Equity |
| -1.04M | 9.19M | 10.15M | 10.63M | -702.32K | -1.40M |
| Cash Flow | Free Cash Flow | ||||
| -727.36K | -747.17K | -266.60K | 606.03K | 1.24M | 50.49K | Operating Cash Flow |
| -381.16K | -258.79K | 211.80K | 813.96K | 1.40M | 50.49K | Investing Cash Flow |
| -1.80M | 4.71M | -11.04M | -207.92K | 24.58K | -179.00K | Financing Cash Flow |
| -278.83K | -1.30M | 590.70K | 10.46M | -358.96K | -276.90K |
BT Brands Technical Analysis
Negative
1.20
Price Trends
1.58
Negative
1.59
Negative
1.56
Negative
Market Momentum
-0.09
Positive
40.86
Neutral
7.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BTBD, the sentiment is Negative. The current price of 1.2 is below the 20-day moving average (MA) of 1.36, below the 50-day MA of 1.58, and below the 200-day MA of 1.56, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 40.86 is Neutral, neither overbought nor oversold. The STOCH value of 7.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BTBD.
BT Brands Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $12.18B | 11.09 | -1.08% | 3.77% | 1.26% | -19.82% | |
47 Neutral | $6.33M | ― | -5.17% | ― | 12.43% | -263.46% | |
46 Neutral | $8.73M | ― | -8.54% | ― | -41.06% | 25.17% | |
44 Neutral | $7.24M | ― | -47.20% | ― | -52.20% | -0.80% | |
35 Underperform | $7.37M | ― | -28.61% | ― | 4.20% | -91.31% | |
21 Underperform | $7.02M | ― | -70.92% | ― | -71.85% | 59.22% |
* Consumer Cyclical Sector Average
Performance Comparison
BTBD
BT Brands
1.21
-0.45
-27.11%
XELB
XCel Brands
2.88
-5.61
-66.08%
YJ
Yunji
1.78
-1.30
-42.21%
KAVL
Kaival Brands Innovations Group
0.54
-2.24
-80.58%
FGI
FGI Industries Ltd
0.66
-0.86
-56.58%
BT Brands Earnings Call Summary
Earnings Call Date: Mar 31, 2025 | % Change Since: -5.51% | Next Earnings Date: May 14, 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.Highlights
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.
Lowlights
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 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
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.