Macquarie Group Ltd. lessened its stake in shares of Diversified Restaurant Holdings Inc. (NASDAQ:SAUC) by 23.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,829 shares of the restaurant operator’s stock after selling 33,000 shares during the period. Macquarie Group Ltd.’s holdings in Diversified Restaurant were worth $173,000 as of its most recent filing with the SEC.
Separately, Boston Partners bought a new stake in Diversified Restaurant during the fourth quarter worth about $157,000. 10.55% of the stock is owned by institutional investors.
SAUC opened at $1.31 on Tuesday. Diversified Restaurant Holdings Inc. has a 52-week low of $1.25 and a 52-week high of $4.12. The stock has a market cap of $34.64, a P/E ratio of -26.20, a P/E/G ratio of 6.45 and a beta of 1.23. The company has a debt-to-equity ratio of -4.44, a quick ratio of 0.26 and a current ratio of 0.34.
Diversified Restaurant (NASDAQ:SAUC) last released its earnings results on Thursday, March 8th. The restaurant operator reported ($0.05) earnings per share (EPS) for the quarter. Diversified Restaurant had a negative return on equity of 4.31% and a negative net margin of 12.36%. The company had revenue of $41.93 million for the quarter. equities research analysts predict that Diversified Restaurant Holdings Inc. will post 0.01 EPS for the current year.
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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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