BT Brands (BTBD)
Operator of Burger Time and a multi-concept U.S. restaurant portfolio.
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Operates company-owned U.S. restaurants spanning Burger Time drive-through service, seafood, coffee and bakery, and German-themed dining. Revenue comes mainly from food and beverages, while centralized management runs the portfolio and the Bagger Dave’s stake remains unconsolidated.
Operates a U.S. restaurant portfolio centered on Burger Time drive-through restaurants, alongside Keegan’s Seafood Grille, Pie In The Sky Coffee and Bakery, and Schnitzel Haus. Burger Time sells flame-broiled burgers and chicken through drive-through and walk-up service; the other concepts span seafood, coffee and baked goods, and German-themed dining.
Runs its locations through centralized management and shared administrative services, with restaurant sales coming from food and beverages rather than franchising. The footprint combines North Central Burger Time restaurants with Florida and Cape Cod locations, while its Bagger Dave’s holding is an unconsolidated equity-method investment.
Executes through same-store sales work, cost control, and brand awareness, supported by centralized operations and a cloud-based point-of-sale system at Burger Time. Results depend on seasonal travel and weather patterns, a primary Burger Time supplier, food, labor and occupancy costs, and maintaining restaurant licenses and permits.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $4.4M · Total debt $1.7M · Total assets $10.5M · Shareholders' equity $6.3M
- Revenue
- $3.6M
- Operating income
- $117.2K
- Net income
- $576.4K
No dividends on record.
| Insiders2 holders · as of Nov 15, 2024 | 25.95% | 1.61M shares | |
| Otherremainder | 74.05% | 4.58M shares |
6.18M company shares as of Aug 24, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Gary CopperudInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 16.25% | 1.01M | Form 4filed Oct 31, 2024 ↗ |
Sally CopperudInsider10 percent owner | 9.70% | 600,000 | Form 4filed Nov 15, 2024 ↗ |
Maxim Partners LLCStrategic | —7.74% of class, as filed | — | 13Gfiled May 8, 2020 ↗ |
Jeffrey A. Zinnecker1Insiderdirector, 10 percent owner | 24.51% | 1.52M | Form 4filed Mar 27, 2020 ↗ |
Kenneth William Brimmer2Insiderdirector, officer: Chief Operating Officer | 2.59% | 160,000 | Form 4filed Apr 13, 2020 ↗ |
- Last filed Mar 27, 2020; leaving the company requires no filing. Not in the bar.
- Last filed Apr 13, 2020; leaving the company requires no filing. Not in the bar.
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
Nothing filed in the last 12 months.
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- Wendy's
Fresh-beef burgers and drive-through value meals target the same occasions.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BT Brands | $1.55 | +3.33% | $9.4M | — | — | 0.7 | −6.1% |
| McDonald's | $261.52 | +0.20% | $185.41B | 21.2 | 19.7 | 6.7 | +3.7% |
| Restaurant Brands International | $81.83 | +3.74% | $27.37B | 23.3 | 18.6 | 2.8 | +4.6% |
| Wendy's | $8.24 | −0.04% | $1.57B | 12.5 | 16.7 | 0.7 | +1.7% |
| Median | 21.2 | 18.6 | 2.8 | +3.7% |





