Benzinga | Jun 28, 2021 02:46PM EDT

BBQ Shares Gain After FY21 Guidance Hike

* BBQ Holdings Inc (NASDAQ:BBQ) has raised its FY21 guidance.

* It sees Net Restaurant Revenue of $180-$185 million from $155-$160 million earlier.

* BBQ expects a $5.1-$5.5 million net income from $2.8-$3.2 million earlier.

* The company sees a cash EBITDA of $13.5-$14.0 million from $10.0-$10.5 million earlier.

* "This guidance is a reflection of our organic and M&A growth plans," said CEO Jeff Crivello.

* Price action: BBQ shares are trading higher by 6.80% at $17.50 on the last check Monday.