Atlanta Braves (NASDAQ:BATRK – Free Report) had its price target decreased by Rosenblatt Securities from $75.00 to $73.00 in a report published on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the financial services provider’s stock.
Several other brokerages have also issued reports on BATRK. Morgan Stanley lowered Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 target price for the company. in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, June 24th. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.50.
View Our Latest Stock Analysis on BATRK
Atlanta Braves Stock Up 2.6%
Atlanta Braves (NASDAQ:BATRK – Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.50). The firm had revenue of $305.12 million for the quarter, compared to analysts’ expectations of $319.00 million. As a group, equities research analysts expect that Atlanta Braves will post -0.06 EPS for the current year.
Hedge Funds Weigh In On Atlanta Braves
Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in shares of Atlanta Braves in the 2nd quarter worth $1,051,000. S&CO Inc. bought a new stake in Atlanta Braves during the second quarter valued at about $1,011,000. Janus Henderson Group PLC grew its stake in Atlanta Braves by 13.2% in the first quarter. Janus Henderson Group PLC now owns 834,765 shares of the financial services provider’s stock valued at $35,645,000 after purchasing an additional 97,443 shares during the last quarter. Amundi purchased a new position in Atlanta Braves in the first quarter valued at about $752,000. Finally, California State Teachers Retirement System raised its holdings in Atlanta Braves by 10.0% in the first quarter. California State Teachers Retirement System now owns 47,166 shares of the financial services provider’s stock worth $2,014,000 after purchasing an additional 4,291 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.
About Atlanta Braves
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.
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