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BTBD · NASDAQ · Restaurants

BT Brands (BTBD)

Operator of Burger Time and a multi-concept U.S. restaurant portfolio.

$1.55
At close+0.05 (+3.33%)
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BT Brands, Inc.BTBDConsumer Discretionary

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

CEOGary Copperud
ListedNov 12, 2021
ExchangeNASDAQ
HeadquartersSheridan, WY
CountryUnited States
Employees179
CIK0001718224
ISINUS0557MQ2066

Market cap$9.4M
EPS (ttm)−$0.1000
P/E (ttm)−15.20
ROE-9.0%
P/B1.48
P/S0.7304
Dividend yieldDiv yield
Beta1.92vs XLY 0.41

No analyst consensus on record.

EPSReportedEstimate

May '25May '25Aug '25Nov '25Mar '26May '26May '26Aug '26
Reported−$0.26−$0.05$0.01$0.15−$0.22−$0.12−$0.05$0.09
Estimate
Surprise

RevenueReportedEstimate

May '25May '25Aug '25Nov '25Mar '26May '26May '26Aug '26
Reported$3.2M$3.2M$3.8M$3.9M$2.6M$2.8M$3.6M
Estimate
Surprise
Estimate
Reported$0.09
Estimate
Reported$3.6M
View details

Debt to equity26.10%
Current ratio447.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$4.3M$3.2M$3.2M$3.8M$3.9M$2.6M$2.8M$3.6M
Net income−$219.5K−$1.6M−$329.8K$55.0K$915.0K−$1.3M−$751.0K$576.4K
Net margin0.0%0.0%0.0%1.5%23.7%0.0%0.0%16.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$44.8K−$846.3K−$292.2K−$75.1K$492.8K−$517.3K−$232.8K$117.2K
YoY growth−210.3%

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
View details

No dividends on record.

Insiders2 holders · as of Nov 15, 202425.95%1.61M shares
Otherremainder74.05%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

HolderStakeSharesEvidence
Gary CopperudInsiderdirector, 10 percent owner, officer: Chief Executive Officer
16.25%1.01MForm 4filed Oct 31, 2024
Sally CopperudInsider10 percent owner
9.70%600,000Form 4filed Nov 15, 2024
Maxim Partners LLCStrategic
7.74% of class, as filed13Gfiled May 8, 2020
Jeffrey A. Zinnecker1Insiderdirector, 10 percent owner
24.51%1.52MForm 4filed Mar 27, 2020
Kenneth William Brimmer2Insiderdirector, officer: Chief Operating Officer
2.59%160,000Form 4filed Apr 13, 2020
  1. Last filed Mar 27, 2020; leaving the company requires no filing. Not in the bar.
  2. 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.

View details

  • McDonald's

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  • Wendy's

    Fresh-beef burgers and drive-through value meals target the same occasions.

Compare

CompanyPriceChange
BT Brands$1.55+3.33%$9.4M0.7−6.1%
McDonald's$261.52+0.20%$185.41B21.219.76.7+3.7%
Restaurant Brands International$81.83+3.74%$27.37B23.318.62.8+4.6%
Wendy's$8.24−0.04%$1.57B12.516.70.7+1.7%
Median21.218.62.8+3.7%