Diversified Restaurant (SAUC) Reaches New 52-Week Low at $0.63

Diversified Restaurant Holdings, Inc (NASDAQ:SAUC)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $0.63 and last traded at $0.78, with a volume of 100 shares. The stock had previously closed at $0.75.

A number of brokerages recently commented on SAUC. ValuEngine raised Diversified Restaurant from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised Diversified Restaurant from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th.

The firm has a market capitalization of $33.02 million, a P/E ratio of -6.00 and a beta of 1.08.

Diversified Restaurant (NASDAQ:SAUC) last announced its earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $39.07 million during the quarter. On average, equities analysts expect that Diversified Restaurant Holdings, Inc will post -0.05 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Emerson Wealth Management LLC bought a new position in Diversified Restaurant in the 4th quarter worth $30,000. Marcato Capital Management LP raised its holdings in Diversified Restaurant by 327.9% in the 4th quarter. Marcato Capital Management LP now owns 980,638 shares of the restaurant operator’s stock worth $951,000 after purchasing an additional 751,488 shares during the period. White Pine Capital LLC raised its holdings in Diversified Restaurant by 10.3% in the 4th quarter. White Pine Capital LLC now owns 583,500 shares of the restaurant operator’s stock worth $566,000 after purchasing an additional 54,500 shares during the period. Vanguard Group Inc raised its holdings in Diversified Restaurant by 10.5% in the 3rd quarter. Vanguard Group Inc now owns 276,110 shares of the restaurant operator’s stock worth $387,000 after purchasing an additional 26,140 shares during the period. Finally, AE Wealth Management LLC bought a new position in Diversified Restaurant in the 4th quarter worth $174,000. 52.09% of the stock is currently owned by institutional investors.

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Diversified Restaurant Company Profile (NASDAQ:SAUC)

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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