Chanticleer (NASDAQ:BURG) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Chanticleer (NASDAQ:BURG) from a sell rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

BURG has been the topic of several other research reports. Northland Securities reaffirmed a buy rating and set a $3.50 price target on shares of Chanticleer in a research note on Friday, April 5th. Zacks Investment Research raised Chanticleer from a sell rating to a hold rating in a research note on Wednesday, June 5th.

Chanticleer stock traded up $0.04 on Thursday, reaching $0.76. The company’s stock had a trading volume of 73,330 shares, compared to its average volume of 198,566. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.06 and a current ratio of 0.08. The company’s fifty day moving average is $0.91. Chanticleer has a twelve month low of $0.67 and a twelve month high of $2.95.

Chanticleer (NASDAQ:BURG) last posted its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.17). Chanticleer had a negative return on equity of 70.24% and a negative net margin of 15.02%. The business had revenue of $10.20 million during the quarter, compared to analyst estimates of $10.35 million. On average, equities research analysts predict that Chanticleer will post -1.28 earnings per share for the current year.

About Chanticleer

There is no company description available for Chanticleer Holdings Inc

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