<div id="readability-page-1"><p>Shares of Topgolf Callaway Brands Corp. (NYSE:MODG - Get Free Report) have been given a consensus rating of &#34;Hold&#34; by the eleven research firms that are currently  covering the company, Marketbeat reports. One research analyst  has rated the stock with a sell rating, six have assigned  a hold rating, three have assigned  a buy rating and one  has given a strong buy rating to  the company. The average 12-month price target among analysts that have covered the stock in the last year is $9.7778.</p><ul><li>3 Summer Stocks With Insider Buying and Analyst Support</li></ul><p>Several equities research analysts have recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Topgolf Callaway Brands in a research note on Friday, July 18th. They set an &#34;equal weight&#34; rating and a $9.50 price target for the company. Zacks Research upgraded shares of Topgolf Callaway Brands from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Monday, October 6th. Cfra  restated a &#34;hold&#34; rating and set a $9.00 price target on shares of Topgolf Callaway Brands in a research note on Friday, July 11th. Weiss Ratings  restated a &#34;sell (d)&#34; rating on shares of Topgolf Callaway Brands in a research note on Wednesday, October 8th. Finally, UBS Group started coverage on shares of Topgolf Callaway Brands in a research note on Friday. They issued a &#34;neutral&#34; rating and a $10.00 price objective for the company.</p><p><b>View Our Latest Research Report on Topgolf Callaway Brands</b></p><h2>Topgolf Callaway Brands Trading Down 0.9%</h2><ul><li>3 Stocks Under $10 That Could Turn Risk Into Reward</li></ul><p>Shares of MODG stock opened at $9.16 on Friday. The company has a 50 day moving average of $9.39 and a 200-day moving average of $8.19. The company has a quick ratio of 1.25, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. Topgolf Callaway Brands has a 12-month low of $5.42 and a 12-month high of $11.09. The firm has a market cap of $1.68 billion, a P/E ratio of -1.13 and a beta of 1.24. </p><p>Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.21. Topgolf Callaway Brands had a negative net margin of 36.08% and a positive return on equity of 0.37%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $0.42 EPS. Topgolf Callaway Brands's quarterly revenue was down 4.1% compared to the same quarter last year.  Sell-side analysts anticipate that  Topgolf Callaway Brands will post 0.16 earnings per share for the current year. </p><h2>Insiders Place Their Bets</h2><ul><li>3 Beaten Up Experiential Stocks to Cash in on a Good Time</li></ul><p>In other Topgolf Callaway Brands news, Director Erik J. Anderson sold 25,704 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $9.25, for a total transaction of $237,762.00. Following the sale, the director owned 20,607 shares of the company's stock, valued at $190,614.75. The trade was a 55.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Artie Starrs sold 106,734 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $8.64, for a total transaction of $922,181.76. Following the sale, the chief executive officer directly owned 105,823 shares in the company, valued at $914,310.72. The trade was a 50.21% decrease in their position. The disclosure for this sale can be found here. Insiders own  2.40% of the company's stock. </p><h2>Institutional Investors Weigh In On Topgolf Callaway Brands</h2><p>A number of hedge funds and other institutional investors have recently bought and sold shares of the business. O Keefe Stevens Advisory Inc. raised its holdings in  Topgolf Callaway Brands by 2,528.5% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 347,008 shares of the company's stock valued at $3,297,000 after acquiring an additional 333,806 shares during the period.  Corient Private Wealth LLC purchased a new position in shares of  Topgolf Callaway Brands during the 2nd quarter valued at $209,000.  Nomura Holdings Inc. purchased a new position in shares of  Topgolf Callaway Brands during the 2nd quarter valued at $875,000.  Public Sector Pension Investment Board grew its position in shares of  Topgolf Callaway Brands by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 482,053 shares of the company's stock valued at $3,881,000 after purchasing an additional 33,131 shares in the last quarter.  Finally, Tower Research Capital LLC TRC grew its position in shares of  Topgolf Callaway Brands by 339.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,167 shares of the company's stock valued at $154,000 after purchasing an additional 14,801 shares in the last quarter. Institutional investors own  84.69% of the company's stock. </p><h2>Topgolf Callaway Brands Company Profile</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Topgolf Callaway Brands</li><li>Want to Profit on the Downtrend? Downtrends, Explained.</li><li>This AI Chip Giant Could Be the Market’s Next Big Winner</li><li>What Are Earnings Reports?</li><li>Broadcom Inks OpenAI Deal: Why It's A Huge Win for AVGO Stock</li><li>Using the MarketBeat Stock Split Calculator</li><li>Institutions Are Fueling CrowdStrike’s Next Leg Higher</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1PREc?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1PREc"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Topgolf Callaway Brands Right Now?</h2><p>Before you consider Topgolf Callaway Brands, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Topgolf Callaway Brands wasn't on the list.</p><p>While Topgolf Callaway Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MODG

<p>Topgolf Callaway Brands Corp. (NYSE:MODG) has received a consensus rating of "Hold" from eleven research firms. The average 12-month price target is $9.78, with one sell rating, six holds, three buys, and one strong buy. The stock opened at $9.16, with a market cap of $1.68 billion. The company reported $0.24 EPS for the last quarter, exceeding estimates. Recent insider sales include Director Erik J. Anderson and CEO Artie Starrs, who sold significant shares. Institutional investors have also increased their stakes in the company.</p>

Topgolf Callaway Brands Corp. (NYSE:MODG) Given Average Recommendation of "Hold" by Analysts