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BT Brands, Inc. (BTBD)
USD1.17
+0.02 (+1.74%)
US NASDAQ Consumer Cyclical Restaurants
Address
405 Main Avenue West 58078
West Fargo, ND, US
West Fargo, ND, US
CEO
Gary W. Copperud
Website
itsburgertime.com
IPO
2021-11-12
CIK 1718224 ISIN US0557MQ2066
Also trades on
NASDAQ Capital Market · BTBD (USD)
NASDAQ Global Market · BTBDW (USD)
Description
BT Brands, Inc. operates as a quick-service restaurant company, with its primary operations centered in the north-central United States. Its portfolio includes nine Burger Time restaurants strategically located across Minnesota, North Dakota, and South Dakota. Additionally, the company manages a Dairy Queen franchise situated in Ham Lake, Minnesota. The Burger Time establishments serve a diverse menu featuring various burgers, along with chicken and pulled pork sandwiches, an assortment of side dishes, and soft beverages. In contrast, the Dairy Queen location offers its signature range of burgers, chicken items, sides, ice cream, other desserts, and a selection of drinks. Founded in 1987, BT Brands maintains its corporate headquarters in West Fargo, North Dakota.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD1.17
+0.02 (+1.74%)
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Volume Profile
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Liquidity & share structure
Average Volume
822.0K
Beta
0.51
Float Shares
3.15M
Free Float %
51.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.70% | -0.92% | -50.23% | -18.18% | -28.00% | -22.30% | -13.60% | -59.47% | -76.26% | -76.26% | -76.26% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
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Revenue composition
From
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By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
1.17
DCF (Unlevered)
0.29
-75.6%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Quality scores
Piotroski F-Score
4 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Restaurants: +7.4%-9.0% Q1'26: -12.0% (vs Q1'25)
-
EPS growth Restaurants: +14.8%+70.3% ★ Q1'26: -123.9% (vs Q1'25)
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FCF margin FCF growth · Restaurants: +21.6%-2.7% Q1'26: -3.6% (vs Q1'25)
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EBIT margin Restaurants: +6.1%-4.5% Q1'26: -8.2% (vs Q1'25)
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ROIC Restaurants: +6.2%-16.2% Q1'26: -45.7% (vs Q1'25)
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Share dilution Restaurants: +0.0%-0.7% ★ Q1'26: +0.0% (vs Q1'25)
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Debt / EBITDA Net debt/EBITDA · Restaurants: 0.72×41.42× ★ Q1'26: 0.00× (vs Q1'25)
Valuation Multiples
From
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Price Forecast (3Y)
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Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-15 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-14 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-13 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-12 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-11 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-08 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-07 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-06 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-05 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-04 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-01 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-30 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-29 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-28 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-27 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-24 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-23 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-22 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-21 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-20 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-17 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-16 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-314.3K
OE per share TTM
-0.05
Owner's Yield
-4.73%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
31.9%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
5
Beneficial owners (>5%)
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BT Brands, Inc. | 973.0K | 4.38% | 973.0K | — | 973.0K | — | CO | Wyoming | 2022-11-28 | ↗ |
| 2 | MJR Holdings, LLC | 629.2K | 7.74% | 629.2K | — | 629.2K | — | OO | New York | 2020-05-08 | ↗ |
| 3 | Maxim Partners LLC | 629.2K | 7.74% | 629.2K | — | 1.63M | — | OO | New York | 2020-05-08 | ↗ |
| 4 | Michael Rabinowitz | 629.2K | 7.74% | 629.2K | — | 629.2K | — | IN | New York | 2020-05-08 | ↗ |
| 5 | Gary Copperud | 176.0K | 0.79% | 176.0K | — | 176.0K | — | IN | United States | 2022-11-28 | ↗ |
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 1 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard Extended Market ETF VXF | 0.00% | 33.4K | 0.05% |
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
1
Sells
0
Shares acquired
150.0K
Shares disposed
—
Cash buys
1.00
Cash sales
—
Net activity
+150,000
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-10-28 | COPPERUD GARY | Director / Officer / 10% Owner | P-Purchase | A | Common stock, $0.002 par value. | 10,000 | 1.70 | 17.0K | 1,005,142 | D | ↗ |
| 2024-10-24 | Copperud Sally | 10% Owner | G-Gift | D | Common stock, $0.002 par value. | 10,000 | 1.50 | 15.0K | 685,285 | D | ↗ |
| 2024-10-17 | COPPERUD GARY | Director / Officer / 10% Owner | P-Purchase | A | Common stock, $0.002 par value. | 5,000 | 1.70 | 8.5K | 954,857 | D | ↗ |
| 2024-10-09 | COPPERUD GARY | Director / Officer / 10% Owner | P-Purchase | A | Common stock, $0.002 par value. | 104 | 1.55 | 161.20 | 949,857 | D | ↗ |
| 2024-10-07 | COPPERUD GARY | Director / Officer / 10% Owner | P-Purchase | A | Common stock, $0.002 par value. | 1,166 | 1.55 | 1.8K | 946,753 | D | ↗ |
| 2024-09-23 | COPPERUD GARY | Director / Officer / 10% Owner | P-Purchase | A | Common stock, $0.002 par value. | 40 | 1.50 | 60.00 | 948,587 | D | ↗ |
| 2024-08-20 | COPPERUD GARY | Director / Officer / 10% Owner | P-Purchase | A | Common stock, $0.002 par value. | 7 | 1.29 | 9.03 | 948,547 | D | ↗ |
| 2022-11-04 | Copperud Sally | 10% Owner | G-Gift | D | Common stock, $0.002 par value. | 120,000 | 1.50 | 180.0K | 660,285 | D | ↗ |
| 2022-06-16 | COPPERUD GARY | Director / Officer | P-Purchase | A | Common stock, $0.002 par value | 150,000 | 2.20 | 330.0K | 1,243,340 | — | ↗ |
| 2022-04-11 | Copperud Sally | 10% Owner | P-Purchase | D | Common stock, $0.002 par value. | 10,000 | 2.00 | 20.0K | 780,285 | D | ↗ |
| 2022-02-15 | Copperud Sally | 10% Owner | P-Purchase | D | Common stock, $0.002 par value. | 11,745 | 1.99 | 23.4K | 770,285 | D | ↗ |
| 2021-11-16 | Tochihara-Dirks Terri | Director | — | D | Options | 5,000 | 5.00 | 25.0K | 0 | — | ↗ |
| 2021-11-16 | SCHUSSLER STEVEN W | Director | — | D | Options | 5,000 | 5.00 | 25.0K | 0 | — | ↗ |
| 2021-11-16 | ANDERSON ALLAN D | Director | — | D | Options | 5,000 | 5.00 | 25.0K | 0 | — | ↗ |
| 2019-11-19 | ZINNECKER JEFFREY A | Director / 10% Owner | — | D | Common Stock, par value $0.001 per share | 0 | 0.00 | — | 1,516,080 | — | ↗ |
| 2019-11-12 | Copperud Sally | 10% Owner | — | D | Common Stock, par value $0.001 per share | 0 | 0.00 | — | 1,517,080 | — | ↗ |
| 2019-11-12 | COPPERUD GARY | Director / Officer / 10% Owner | — | D | Common Stock, par value $0.001 per share | 0 | 0.00 | — | 2,176,680 | — | ↗ |
| 2019-11-12 | BRIMMER KENNETH WILLIAM | Director / Officer | — | I | common stock, par value $0.001 per share | 0 | 0.00 | — | 160,000 | — | ↗ |
Executive team
Top executives
EBIT / Employee
-15.2K
Shares Outstanding
6.15M
Executive compensation
Executive compensation (annual)
CEO compensation breakdown
Proxy statements
Proxy statements (DEF 14A)
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Gary W. Copperud | CEO & Chairman | 250.0K | male |
| Kenneth W. Brimmer | COO, CFO & Principal Accounting Officer | 150.0K | male |
ESG Rating
ESG Score History RESTAURANTS
Benchmark vs Sector
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
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Community Opinion for BTBD
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
