Atlanta Braves (NASDAQ:BATRK) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Atlanta Braves (NASDAQ:BATRK) from a "hold" to a "sell"; analyst views are mixed — Weiss Ratings also rates it a sell while Zacks is a strong-buy and Rosenblatt a buy — consensus is a Moderate Buy with a $57 target.
• The trust reported Q4 EPS of -$0.28, beating estimates of -$0.66 and revenue of $61.3M versus $54.93M, but analysts still forecast a full‑year EPS of about -0.89.
• Major shareholder John C. Malone purchased 35,000 shares at roughly $44.23 ($≈$1.55M), raising his stake to 521,862 shares; insiders now own about 11.43% of the company.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued research reports about the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Atlanta Braves in a research report on Monday, December 29th. Zacks Research raised shares of Atlanta Braves from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 5th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $69.00 price target on shares of Atlanta Braves in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Atlanta Braves has an average rating of "Moderate Buy" and a consensus target price of $57.00.

Atlanta Braves Stock Up 0.4%

Shares of BATRK opened at $43.09 on Friday. The company has a market capitalization of $2.27 billion, a PE ratio of -110.48 and a beta of 0.55. Atlanta Braves has a 52-week low of $35.46 and a 52-week high of $47.18. The company has a 50-day simple moving average of $41.38 and a 200-day simple moving average of $40.70.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.66) by $0.38. The firm had revenue of $61.30 million for the quarter, compared to analyst estimates of $54.93 million. On average, research analysts anticipate that Atlanta Braves will post -0.89 EPS for the current year.

Insider Activity

In other news, major shareholder John C. Malone acquired 35,000 shares of the company's stock in a transaction dated Thursday, February 5th. The shares were bought at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the purchase, the insider owned 521,862 shares of the company's stock, valued at approximately $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quent Capital LLC acquired a new position in shares of Atlanta Braves in the 3rd quarter valued at about $28,000. First Horizon Corp bought a new position in Atlanta Braves in the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its position in shares of Atlanta Braves by 701.1% in the third quarter. Farther Finance Advisors LLC now owns 761 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 666 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Atlanta Braves by 218.3% in the third quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider's stock worth $33,000 after acquiring an additional 548 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Atlanta Braves by 956.1% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider's stock worth $33,000 after acquiring an additional 631 shares during the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

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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