Shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) have been assigned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.
Brokers have set a 1 year consensus price target of $3.75 for the company, according to Zacks. Zacks has also given Diversified Restaurant an industry rank of 80 out of 265 based on the ratings given to its competitors.
A number of brokerages recently issued reports on SAUC. ValuEngine lowered Diversified Restaurant from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Diversified Restaurant from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th.
Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu KCG Holdings LLC grew its position in Diversified Restaurant by 55.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 59,163 shares of the restaurant operator’s stock worth $154,000 after purchasing an additional 21,181 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Diversified Restaurant during the 3rd quarter valued at about $293,000. Goldman Sachs Group Inc. grew its position in shares of Diversified Restaurant by 164.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 134,543 shares of the restaurant operator’s stock valued at $350,000 after acquiring an additional 83,753 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Diversified Restaurant during the 2nd quarter valued at about $409,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Diversified Restaurant during the 2nd quarter valued at about $413,000. 8.37% of the stock is currently owned by institutional investors.
Shares of Diversified Restaurant (NASDAQ SAUC) traded down $0.02 during mid-day trading on Thursday, reaching $1.58. The company had a trading volume of 30,659 shares, compared to its average volume of 26,853. The stock has a market cap of $43.55, a price-to-earnings ratio of -8.26, a price-to-earnings-growth ratio of 1.62 and a beta of 1.30. The company has a debt-to-equity ratio of -29.67, a current ratio of 0.35 and a quick ratio of 0.28. Diversified Restaurant has a one year low of $1.30 and a one year high of $4.12.
Diversified Restaurant (NASDAQ:SAUC) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. Diversified Restaurant had a negative return on equity of 4.31% and a negative net margin of 3.04%.
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About Diversified Restaurant
Diversified Restaurant Holdings, Inc (DRH) is a restaurant company. The Company is a franchisee of Buffalo Wild Wings (BWW).As of September 25, 2016, the Company operated 64 BWW restaurants, which are located in Michigan, Florida, Missouri, Illinois and Indiana. The BWW restaurants feature a range of menu items with a multimedia social environment, a bar and an open layout designed to create a dining experience for sports fans and families.
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