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Bt Brands Inc (BTBD)


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Upturn Advisory Summary
10/22/2025: BTBD (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -61.33% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 8.19M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.82 | 52 Weeks Range 1.00 - 2.02 | Updated Date 06/29/2025 |
52 Weeks Range 1.00 - 2.02 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.35 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -14.77% | Operating Margin (TTM) -9.04% |
Management Effectiveness
Return on Assets (TTM) -6.86% | Return on Equity (TTM) -28.39% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 8075556 | Price to Sales(TTM) 0.55 |
Enterprise Value 8075556 | Price to Sales(TTM) 0.55 | ||
Enterprise Value to Revenue 0.54 | Enterprise Value to EBITDA 38.53 | Shares Outstanding 6154720 | Shares Floating 3152942 |
Shares Outstanding 6154720 | Shares Floating 3152942 | ||
Percent Insiders 48.77 | Percent Institutions 1.1 |
Upturn AI SWOT
Bt Brands Inc
Company Overview
History and Background
BT Brands, Inc. was formerly known as Bitcoin Generation, Inc. The company was incorporated in 1987 and is based in Fargo, North Dakota. It engages in the retail and restaurant operations, marketing products, and franchising concepts. It owns Famous Daveu2019s restaurants.
Core Business Areas
- Restaurant Operations: Owning and operating Famous Dave's restaurants. Involved in all aspects of restaurant management, including food preparation, customer service, and overall operations.
- Franchising: Franchising the Famous Dave's concept to other operators, generating revenue through franchise fees and royalties.
- Marketing: Marketing and promotion of restaurant offerings and branded products.
Leadership and Structure
The leadership team consists of Ryan Preece (CEO) and the company has a fairly standard corporate structure with a board of directors and various management positions overseeing different aspects of the business.
Top Products and Market Share
Key Offerings
- Famous Dave's Restaurants: Chain of BBQ restaurants. Market share data is difficult to pinpoint exactly, but falls within the highly fragmented casual dining market. Competitors include Texas Roadhouse (TXRH), Outback Steakhouse (BLMN), and other regional and national BBQ chains. Revenue from restaurant sales forms the bulk of the revenue.
- Franchise Agreements: The licensing and support provided to restaurant franchisees. Revenue generated by franchise fees and ongoing royalties. Competitors are any restaurant franchisors.
- Take-out and Catering Services: Expanding take-out and catering services for large event. Competitors include any companies involved in take-out and catering.
Market Dynamics
Industry Overview
The restaurant industry is highly competitive and subject to fluctuations in consumer spending, food costs, and labor market conditions. Trends include increased demand for online ordering and delivery, as well as a focus on health and sustainability.
Positioning
Bt Brands is positioned as a regional BBQ restaurant chain that focuses on traditional BBQ offerings. It competes in the casual dining segment and aims to differentiate itself through the quality of its food and the dining experience.
Total Addressable Market (TAM)
The total addressable market for casual dining in the US is estimated to be in the hundreds of billions of dollars annually. BT Brands TAM share is very small.
Upturn SWOT Analysis
Strengths
- Established Brand Recognition (Famous Dave's)
- Franchise Model for Expansion
- Focus on BBQ Cuisine
- Experienced Management Team
Weaknesses
- Limited Geographic Presence
- Dependence on Single Brand
- Competition in Crowded Market
- Financial Instability
Opportunities
- Expansion into New Markets
- Increased Focus on Online Ordering and Delivery
- Development of New Menu Items
- Strategic Acquisitions
Threats
- Rising Food Costs
- Increased Competition
- Changes in Consumer Preferences
- Economic Downturn
Competitors and Market Share
Key Competitors
- TXRH
- BLMN
- DIN
Competitive Landscape
BT Brands faces fierce competition in the casual dining sector and operates on a smaller scale than many of its major competitors.
Major Acquisitions
Real American Restaurants, Inc.
- Year: 2023
- Acquisition Price (USD millions): 1.3
- Strategic Rationale: Acquisition of Real American Restaurants, Inc. operating the Roadhouse Steaks brand, for expansion.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been inconsistent due to small size and many challenges.
Future Projections: Future growth projections are not available, but company is working on improvement.
Recent Initiatives: Recent initiatives include optimization and improved processes.
Summary
BT Brands is a small company operating in the competitive restaurant industry with a focus on BBQ. The company's strengths lie in the Famous Dave's brand, while weaknesses include its small size and inconsistent financial performance. Growth opportunities exist through market expansion and strategic initiatives, but it is susceptible to economic downturns and changes in consumer habits. A closer look at their financials is advised before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Market Research Reports
- Financial News Outlets
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Data may be outdated and should be verified independently. Market data and market share estimations are based on available public information. Actual values may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bt Brands Inc
Exchange NASDAQ | Headquaters West Fargo, ND, United States | ||
IPO Launch date 2021-11-12 | CEO & Director Mr. Gary W. Copperud | ||
Sector Consumer Cyclical | Industry Restaurants | Full time employees 40 | Website https://itsburgertime.com |
Full time employees 40 | Website https://itsburgertime.com |
BT Brands, Inc. owns and operates fast-food restaurants in the north central region of United States. The company operates Burger Time restaurants that offer various burgers and other food products, such as chicken sandwiches, pulled pork sandwiches, chicken tenders, chicken chunks, sides, and soft drinks located in Minnesota, North Dakota, and South Dakota. It also operates Bagger Dave's Burger Tavern, Inc. restaurants that provide burgers, pizzas, fries, beers, milkshakes, salads, and other items located in Michigan, Ohio, and Indiana. The company was founded in 1987 and is based in West Fargo, North Dakota.

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