O'Keefe Stevens Increases Topgolf Callaway Holdings by 821,039 Shares for $8.66 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2026
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Source: Fool
- Share Increase: O'Keefe Stevens Advisory increased its stake in Topgolf Callaway Brands by 821,039 shares during Q4, with an estimated transaction value of $8.66 million, indicating confidence in the company's future amidst signs of stabilization in its operations.
- Value Appreciation: Following this purchase, O'Keefe Stevens' total holdings in Topgolf rose to 1.17 million shares, with the position value increasing by $10.33 million from the previous filing, reflecting positive stock price movements.
- Strong Market Performance: As of Friday, Topgolf shares were priced at $13.44, marking a 55% increase over the past year, significantly outperforming the S&P 500's approximately 17% gain, which underscores market recognition of its growth potential.
- Improved Financial Outlook: Although Topgolf reported a nearly $15 million loss in Q3, its revenue grew by 3% year-over-year, and management raised the 2025 total revenue guidance to between $3.90 billion and $3.94 billion, indicating signs of business improvement.
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Analyst Views on MODG
Wall Street analysts forecast MODG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MODG is 11.56 USD with a low forecast of 10.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 14.680
Low
10.00
Averages
11.56
High
14.00
Current: 14.680
Low
10.00
Averages
11.56
High
14.00
About MODG
Callaway Golf Company, formerly Topgolf Callaway Brands Corp., is a golf equipment, gear and apparel company with a portfolio of global brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. The Company designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories. The Company's golf equipment business is comprised of Callaway Golf-branded woods, hybrids, irons, wedges, Odyssey putters, packaged sets, and Callaway Golf and Strata-branded golf balls, as well as the sale of pre-owned golf clubs. The Company's active lifestyle business is comprised of soft goods products under its Callaway Golf, TravisMathew, and OGIO brands. The Callaway Golf soft goods brand offers a full line of golf apparel, footwear, gear and accessories. TravisMathew offers a full line of golf and lifestyle apparel as well as footwear and accessories. The OGIO brand offers a full line of personal storage gear for sport and personal use and accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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