Jefferies Financial Group upgraded shares of Topgolf Callaway Brands (NYSE:MODG – Free Report) from a hold rating to a buy rating in a report released on Thursday morning, Marketbeat reports. They currently have $13.00 price objective on the stock, up from their prior price objective of $11.00.
Several other research firms also recently weighed in on MODG. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price objective (down previously from $17.00) on shares of Topgolf Callaway Brands in a report on Thursday, November 14th. B. Riley cut Topgolf Callaway Brands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $12.00 in a report on Thursday, October 17th. TD Cowen dropped their price objective on Topgolf Callaway Brands from $13.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, September 17th. Truist Financial decreased their target price on Topgolf Callaway Brands from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Topgolf Callaway Brands from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.00.
Check Out Our Latest Stock Report on Topgolf Callaway Brands
Topgolf Callaway Brands Stock Up 14.5 %
Institutional Trading of Topgolf Callaway Brands
A number of hedge funds have recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of Topgolf Callaway Brands in the third quarter worth approximately $133,000. Koss Olinger Consulting LLC purchased a new position in Topgolf Callaway Brands during the 2nd quarter worth approximately $160,000. Simon Quick Advisors LLC acquired a new stake in Topgolf Callaway Brands during the 2nd quarter valued at $161,000. Quest Partners LLC purchased a new stake in shares of Topgolf Callaway Brands in the third quarter valued at $161,000. Finally, International Assets Investment Management LLC boosted its position in shares of Topgolf Callaway Brands by 998.0% in the third quarter. International Assets Investment Management LLC now owns 15,032 shares of the company’s stock worth $165,000 after buying an additional 13,663 shares during the period. 84.69% of the stock is owned by hedge funds and other institutional investors.
Topgolf Callaway Brands Company Profile
Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.
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