Analysts forecast that Chanticleer Holdings (NASDAQ:BURG) will announce $10.37 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Chanticleer’s earnings, with the lowest sales estimate coming in at $10.34 million and the highest estimate coming in at $10.40 million. Chanticleer reported sales of $10.08 million during the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The firm is expected to report its next earnings results on Wednesday, March 27th.
On average, analysts expect that Chanticleer will report full-year sales of $40.86 million for the current financial year, with estimates ranging from $40.83 million to $40.89 million. For the next financial year, analysts forecast that the business will report sales of $46.60 million, with estimates ranging from $46.18 million to $47.01 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Chanticleer.
Chanticleer (NASDAQ:BURG) last posted its quarterly earnings data on Tuesday, November 13th. The restaurant operator reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.03). The firm had revenue of $10.10 million for the quarter, compared to the consensus estimate of $10.67 million. Chanticleer had a negative return on equity of 33.85% and a negative net margin of 14.80%.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Chanticleer from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. ValuEngine cut Chanticleer from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd.
An institutional investor recently bought a new position in Chanticleer stock. Perkins Capital Management Inc. purchased a new position in Chanticleer Holdings (NASDAQ:BURG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,161 shares of the restaurant operator’s stock, valued at approximately $110,000. Perkins Capital Management Inc. owned 1.19% of Chanticleer as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.20% of the company’s stock.
BURG stock traded up $0.27 during trading hours on Thursday, hitting $2.08. 42,564 shares of the stock were exchanged, compared to its average volume of 21,957. The stock has a market capitalization of $7.02 million, a price-to-earnings ratio of -1.17 and a beta of 2.29. Chanticleer has a 12 month low of $1.42 and a 12 month high of $5.14.
Chanticleer Company Profile
Chanticleer Holdings, Inc, together with its subsidiaries, owns, operates, and franchises fast casual dining concepts in the United States and internationally. The company owns and operates 8 locations under the American Burger Company name in North Carolina, South Carolina, and New York; 8 company-owned locations in the United States and 13 franchisee-operated locations in the United States and the Middle East under The Burger Joint name; and 12 company-owned locations under the Little Big Burger name in the Portland, Oregon and Charlotte, North Carolina, as well as in Wallingford, Seattle.
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