Topgolf Callaway Brands (NYSE:CALY) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Topgolf Callaway Brands (NYSE:CALY) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings assumed coverage on Topgolf Callaway Brands in a research note on Tuesday, March 3rd. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Topgolf Callaway Brands Price Performance

Shares of CALY opened at $13.59 on Tuesday. The company has a market capitalization of $2.50 billion, a PE ratio of -42.48 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.36. Topgolf Callaway Brands has a one year low of $5.42 and a one year high of $16.65.

About Topgolf Callaway Brands

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.