Atlanta Braves (NASDAQ:BATRK) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Atlanta Braves (NASDAQ:BATRK) from a sell rating to a hold rating in a report published on Saturday.

A number of other equities research analysts have also recently commented on BATRK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, March 27th. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Rosenblatt Securities raised their price objective on shares of Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Atlanta Braves currently has an average rating of “Hold” and an average target price of $60.00.

Atlanta Braves Trading Down 0.9%

Shares of NASDAQ:BATRK opened at $50.40 on Friday. Atlanta Braves has a twelve month low of $37.76 and a twelve month high of $52.05. The company’s 50 day moving average is $45.75 and its 200 day moving average is $42.08. The company has a market cap of $2.66 billion, a PE ratio of -140.00 and a beta of 0.73.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $64.60 million. Equities research analysts predict that Atlanta Braves will post 0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

Institutional investors have recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC acquired a new stake in Atlanta Braves in the 1st quarter valued at $26,000. Quent Capital LLC acquired a new stake in Atlanta Braves in the 3rd quarter valued at $28,000. First Horizon Corp acquired a new stake in Atlanta Braves in the 3rd quarter valued at $30,000. Jones Financial Companies Lllp grew its stake in Atlanta Braves by 218.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 548 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Atlanta Braves by 956.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 631 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

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.