BT Brands, Inc. BTBD

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
29/100
Developing

About BT Brands, Inc.

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, … Full BTBD analysis →

Competitive advantage assessment

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.96), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 25.9th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 25.9th percentile indicates below-peer efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
19

Where BTBD ranks in Restaurants

BT Brands, Inc. ranks #41 of 57 scored companies in Restaurants by moat score — the top 72%. The widest moat in the group is Yum! Brands, Inc. (YUM) at 83/100.

Moat scores for companies ranked near BTBD in Restaurants
# Company Moat score Rating
37 Kura Sushi USA, Inc. KRUS 37/100 Developing
38 The ONE Group Hospitality, Inc. STKS 36/100 Developing
39 Jack In The Box Inc. JACK 34/100 Developing
40 Ark Restaurants Corp. ARKR 32/100 Developing
41 BT Brands, Inc. BTBD 29/100 Developing
42 Noodles & Company NDLS 25/100 Developing
43 Twin Hospitality Group Inc. TWNP 25/100 Weak
44 Venu Holding Corporation VENU 22/100 Weak
45 Sweetgreen, Inc. SG 22/100 Weak

See every General Corporate company ranked by moat score →

How BTBD scores on the Corporate Default defenses

Pricing Power

Score 19 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 28 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 35 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 24 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 41 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 29 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BTBD's moat

What is BT Brands, Inc.'s moat score?

BT Brands, Inc. (BTBD) scores 29 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #41 of 57 scored companies in Restaurants, the top 72%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 56 companies in Restaurants. Its strongest defense is Resilience (41/100) and its weakest is Pricing Power (19/100).

How does BT Brands, Inc. compare with other Restaurants companies?

BT Brands, Inc. ranks #41 of 57 scored companies in Restaurants by moat score. The widest moat in Restaurants is Yum! Brands, Inc. (YUM) at 83/100. The companies ranked closest are Ark Restaurants Corp. (ARKR) at 32 just above it and Noodles & Company (NDLS) at 25 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 56 companies in Restaurants. The defenses are then weighted to produce the overall score out of 100.

Why is BT Brands, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for BT Brands, Inc.?

The Corporate Default template measures 6 defenses, and BTBD scores: Pricing Power (19), Cost Advantage (28), Customer Stickiness (35), Capital Efficiency (24), Resilience (41), Scale & Market Position (29). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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