When will Weber IPO stock start trading?
Weber made its IPO filing with the SEC on July 12. It set the IPO terms on July 27. Weber IPO stock is expected to start trading between Aug. 2 and Aug. 6.
How much will shares of Weber share price be?
Shares are expected to price between $15 to $17 per share. The company is offering nearly 47 million shares for a $750 million deal size. In the filing, Weber said it plans to use the funds to pay off its $220.1 million in debt and buy back shares from pre-IPO investors.
What is the ticker symbol for Weber Inc?
PALATINE, Ill., August 05, 2021--Weber Inc. ("Weber") today announced the pricing of its initial public offering of 17,857,143 shares of its Class A common stock at a public offering price of $14.00 per share. The shares are expected to begin trading on the New York Stock Exchange on August 5, 2021, under the ticker symbol "WEBR."
Is Weber going public?
Weber, the maker of outdoor grills, has filed to go public. Weber is aiming to raise as much as $100 million, according to the prospectus for the deal, dated July 12.
Is Weber IPO a buy?
Weber Stock Is A Buy Near Its IPO Price (NYSE:WEBR) | Seeking Alpha.
Is Weber grill going public?
Weber raised about $250 million in its initial public offering on Thursday, selling about 17.9 million shares at $14 apiece, according to a company statement.
Is Weber Inc a good stock to buy?
Zacks' proprietary data indicates that Weber Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the WEBR shares relative to the market in the next few months.
What was Weber IPO price?
$14 per shareAt a price of $14 per share, Weber raised about $250 million in its IPO. The Palatine, Illinois-based company, whose grill types include gas, electric and charcoal, made its debut a week after rival wood pellet grill maker Traeger Inc (COOK.
Should I buy WEBR stock?
Weber has 1.60% upside potential, based on the analysts' average price target. Can I see which stocks the top-ranking analysts are rating? Yes, go to the Analysts' Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How do I invest in Weber?
How to buy shares in WeberCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. ... Purchase now or later. ... Check in on your investment.
How much debt does Weber have?
It offers a comprehensive, innovative product portfolio, including charcoal, gas, pellet and electric grills, smokers and accessories designed to help outdoor cooking enthusiasts....Compare WEBR With Other Stocks.Weber Annual Long Term Debt (Millions of US $)2021$1,0232020$6152019$6182018$
Why is Weber stock falling?
Shares of Weber Inc. fell Monday, after the outdoor grill manufacturer reported a second-quarter loss due to lower consumer demand and supply-chain challenges. The company posted a quarterly loss of $54.5 million compared with a profit of $68.9 million for the same period last year.
Is Traeger publicly traded?
Traeger is listed on the New York Stock Exchange under the ticker “COOK.” Traeger is an emerging growth company, which means it does not have to make the same disclosures required of bigger public companies.
Who owns Weber stock?
What type of owners hold WEBER INC stock?NameHoldValueBill Melinda Gates Foundation Trust0.87%$18.05MVanguard Group Inc0.61%$12.58MBlackrock Inc0.42%$8.72MGoldman Sachs Group Inc0.41%$8.46M6 more rows
Who owns Weber bbq?
the Stephen familyWhile both the restaurants and outdoor cooking equipment maintain the Weber branding, two separate companies now exist. The restaurants remain solely owned by the Stephen family.
Who invented Weber?
George A. StephenWeber Inc. / FounderGeorge A. Stephen, Sr. was an American inventor, entrepreneur, and the founder of Weber-Stephen Products Co., the company best known for the manufacturing of charcoal and gas grills. Wikipedia
The outdoor-grill maker is coming off a flaming hot year
Just in time for summer grilling season, Weber (NYSE: WEBR) is setting the stage for its initial public offering (IPO). In an updated regulatory filing with the Securities and Exchange Commission (SEC) this week, the iconic grill maker provided additional information regarding its plans to go public.
The IPO basics
Weber is expected to begin trading next week on the New York Stock Exchange using the ticker "WEBR." The company is offering 46,875,000 shares of stock, with an additional allotment of 7,031,250 shares available to underwriters, if there is sufficient demand.
The company
If you've ever done any backyard grilling, it's extremely likely you've come across the Weber brand. The company is the leading provider of grills and accessories in the world.
Impressive customer metrics
Weber is the undisputed global leader in outdoor grilling. The company boasts the No. 1-rated brand in the U.S., Germany, Australia, France, and Canada, commanding market share of 23%, 44%, 30%, 26%, and 24% respectively. All told, Weber controls 24% of the worldwide market.
Financial results
Weber has a long track record of consistent revenue growth, generating a compound annual growth rate (CAGR) of 10%, going all the way back to 1980.
Is Weber a buy?
It's important to note that while Weber has a long track record, it's not without risk. Prior to the pandemic, sales growth had reversed course. In fiscal 2019, sales of $1.3 billion slipped 3% year over year, while net income slumped 56%.
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How much money is Weber raising?
Weber is aiming to raise as much as $100 million, according to the prospectus for the deal, dated July 12. The company didn’t disclose how many shares it would sell or the expected range of prices—data that will come in future filings. The $100 million will also change as more information emerges. Weber plans to trade on ...
Who invented the Weber grill?
George Stephen Sr. invented the original Weber grill, a dome-like half sphere with holes in the bottom for air flow, nearly 50 years ago. Weber now offers charcoal, gas, pellet, and electric grills, as well as smokers. In 2020, the company introduced “smart grills” which give users accurate food and grilling temperatures via an app.
Is Weber grilling public?
Weber, the maker of outdoor grills, has filed to go public.
When did Weber go public?
On July 12, Weber, the world’s leading barbecue brand, filed to take the company public through an IPO. Details on the Weber Grill IPOlike the date and the number and price of the shares haven't been determined yet. Article continues below advertisement.
When did Weber IPO?
The company, known as TGPX Holdings LLC, filed its IPO on July 7 with a $100 placeholder amount. Article continues below advertisement.
How many countries does Weber sell in?
Weber products are sold in 78 countries, and the company holds 24 percent of the global market share. The company is the leading product brand in the U.S., Germany, Australia, Canada, and France. In 2020, Weber brought in $1.5 billion in revenue. Weber’s rival Traeger also plans to go public.
Weber trying to grab a hot opportunity
Despite that change in tack, Weber is nonetheless forging ahead with its quest to gather fresh money on capital markets. Weber's optimism has been buoyed by the enormous demand for home products that grew out of the coronavirus pandemic, when the company's business blossomed.
Weber in Germany
The situation is quite different in Germany, where almost half of all grills sold are from Weber. The German market research company GfK says grill equipment manufacturers had their "biggest sales year ever" in 2020. GfK says that was the result of a major shift in the market.
More slow grilling in the future?
Observers say the industry could be slow for years, "This phase is characterized by slowing growth rates and low technological innovation," warned IBISWorld analyst Nick Masters. By 2025, sales are only expected to increase at an annual rate of 1.4%. This is yet another reason why there are hardly any new entrants to the market.
The price of a good name
Meanwhile, Weber at least can hope to benefit from a strong brand name in the future. Years of growth at the top of the industry have given the company a loyal and wealthy clientele. "The Weber name and premium brand image are integral to the growth of our business," said the prospectus. The document mentions the word "fire" 221 times.
Weber IPO: About The Business
Weber manufactures and sells outdoor gas, charcoal, portable, electric and wood pellet grills. The company has revolutionized outdoor cooking since 1952. Weber’s founder, George Stephen, invented the original charcoal grill nearly 70 years ago. Since then, the Weber name has grown to an industry giant.
The Market
Weber is a leader in the outdoor cooking industry. The company has a global portfolio with products sold in 78 countries. In Weber’s S-1 filing, the company stated…
Financial Data
Detailed financial information is in the Weber IPO prospectus, allowing you to gain more insight into the company’s finances. If you’re in the market for WEBR stock, let’s look at the details.
Weber IPO Filing Details
The Weber IPO is set to take place on August 5. Shares are expected to price between $15 to $17 per share. The company is offering nearly 47 million shares for a $750 million deal size.
Weber Grills IPO date
Weber made its IPO filing with the SEC on July 12. It set the IPO terms on July 27. Weber IPO stock is expected to start trading between Aug. 2 and Aug. 6. The stock will trade under the ticker symbol “WEBR.”
Weber Grills IPO stock pricing and valuation
The company plans to price its IPO stock between $15 and $17. The midpoint of the pricing range suggests a valuation of $4.7 billion. Weber plans to sell 46.9 million shares. It could sell an additional 7 million shares if the demand for the stock exceeds the expectations.
Should you buy Weber Grills IPO stock?
Weber is going public as an already profitable business, which makes it a rare IPO breed. In the fiscal year ended September 2020, Weber reported revenue of $1.5 billion, which increased from $1.3 billion in the previous year. The profit came in at $88.9 million and grew from $50.1 million in the previous year.
Weber Grills stock forecast
Although Weber is already a strong brand in the grills market, it has more room to grow. Its U.S. market opportunity is estimated at $9 billion and the global opportunity at $49 billion.
Is Weber stock a good long-term investment?
Weber holds a strong position in many key markets. Its market share in the U.S. is 24 percent. The company controls a 30 percent share of the Australian market and a 44 percent share of the German market. Weber’s global market share stands at 24 percent.
About Weber
WEBER INC. is a barbecue brand. It offers a comprehensive, innovative product portfolio, including charcoal, gas, pellet and electric grills, smokers and accessories designed to help outdoor cooking enthusiasts. WEBER INC. is headquartered in Palatine, IL.
4.1 Analyst's Opinion
Weber has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.
Is Weber a buy right now?
7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Weber in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Weber stock.
When is Weber's next earnings date?
Weber is scheduled to release its next quarterly earnings announcement on Monday, May 9th 2022. View our earnings forecast for Weber.
How were Weber's earnings last quarter?
Weber Inc (NYSE:WEBR) announced its earnings results on Sunday, February, 13th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by $0.08. The company earned $283.10 million during the quarter, compared to analyst estimates of $310.78 million.
How often does Weber pay dividends? What is the dividend yield for Weber?
Weber declared a quarterly dividend on Thursday, February 3rd. Stockholders of record on Tuesday, March 8th will be paid a dividend of $0.04 per share on Friday, March 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, March 7th. View Weber's dividend history.
Is Weber a good dividend stock?
Weber pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.54%. View Weber's dividend history.
The outdoor grilling company recently went public
Outdoor grilling company Weber ( WEBR 1.07% ) held its initial public offering in August. Shares are trading down about 20% since that time. In this segment of Backstage Pass, recorded on Nov.
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The IPO Basics
The Company
- If you've ever done any backyard grilling, it's extremely likely you've come across the Weber brand. The company is the leading provider of grills and accessories in the world. Weber offers a wide range of outdoor cooking products, including traditional charcoal grills, as well as gas grills, smokers, pellet grills, electric grills, and even smart grills. Weber has products for every price ran…
Impressive Customer Metrics
- Weber is the undisputed global leader in outdoor grilling. The company boasts the No. 1-rated brand in the U.S., Germany, Australia, France, and Canada, commanding market share of 23%, 44%, 30%, 26%, and 24% respectively. All told, Weber controls 24% of the worldwide market. Not only is Weber the top seller, but customers give its products a hearty thumbs-up when it comes t…
Financial Results
- Weber has a long track record of consistent revenue growth, generating a compound annual growth rate (CAGR) of 10%, going all the way back to 1980. Spurred on by the lockdowns resulting from the pandemic, many people turned to outdoor grilling in lieu of going to restaurants. For the 2020 fiscal year (ended Sept. 30, 2020), revenue grew 18% to $1.53 billion, while net income jum…
Is Weber A Buy?
- It's important to note that while Weber has a long track record, it's not without risk. Prior to the pandemic, sales growth had reversed course. In fiscal 2019, sales of $1.3 billion slipped 3% year over year, while net income slumped 56%. While Weber's growth has been nothing short of phenomenal over the past 18 months, it could potentially come to a screeching halt as the econ…