Diversified Restaurant (NASDAQ:SAUC) issued its quarterly earnings results on Tuesday. The restaurant operator reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03), Fidelity Earnings reports. The firm had revenue of $37.49 million during the quarter.
Shares of SAUC traded down $0.09 during trading hours on Wednesday, reaching $1.40. 95,900 shares of the company’s stock traded hands, compared to its average volume of 61,975. The company has a market cap of $46.58 million, a PE ratio of -28.00 and a beta of 0.99. Diversified Restaurant has a 12 month low of $0.85 and a 12 month high of $1.87.
A hedge fund recently bought a new stake in Diversified Restaurant stock. Perkins Capital Management Inc. purchased a new stake in shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 300,000 shares of the restaurant operator’s stock, valued at approximately $420,000. Perkins Capital Management Inc. owned about 0.92% of Diversified Restaurant at the end of the most recent quarter. Hedge funds and other institutional investors own 11.34% of the company’s stock.
SAUC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Diversified Restaurant from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. ValuEngine downgraded Diversified Restaurant from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd.
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About Diversified Restaurant
Diversified Restaurant Holdings, Inc, a restaurant company, operates Buffalo Wild Wings franchised restaurants in the United States. The company primarily offers fresh bone-in chicken wings, frozen boneless chicken, and potatoes. As of March 8, 2018, it operated 65 franchised restaurants in Florida, Illinois, Indiana, Michigan, and Missouri.
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