From MarketBeat:

Topgolf Callaway Brands Corp. (NYSE:MODG) has a consensus “Moderate Buy” rating from analysts, with a 12-month target price of $20.82. Several investment analysts have recently weighed in on the stock, with mixed ratings. Insiders have also been purchasing shares, including director Laura Jean Flanagan, who recently bought 4,775 shares of stock.

Hedge funds and institutional investors have been adjusting their holdings of Topgolf Callaway Brands, with many increasing their shares. Topgolf Callaway Brands opened at $13.96 on Friday and has a market capitalization of $2.58 billion. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09.

Topgolf Callaway Brands designs, manufactures, and sells golf equipment, apparel, and accessories. The company operates Topgolf venues equipped with hitting bays, bars, dining areas, and event spaces, as well as World Golf Tour digital golf game. Analysts anticipate Topgolf Callaway Brands will post 0.41 EPS for the current year.



Read more: Topgolf Callaway Brands Corp. (NYSE:MODG) Given Consensus Rating of “Moderate Buy” by Brokerages