Shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) have been given an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Analysts have set a twelve-month consensus price objective of $2.00 for the company and are expecting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Diversified Restaurant an industry rank of 146 out of 255 based on the ratings given to its competitors.
SAUC has been the topic of several analyst reports. Zacks Investment Research lowered Diversified Restaurant from a “hold” rating to a “sell” rating in a report on Friday, July 27th. ValuEngine lowered Diversified Restaurant from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd.
In other Diversified Restaurant news, CFO Phyllis A. Knight purchased 50,000 shares of the business’s stock in a transaction on Tuesday, July 24th. The shares were bought at an average cost of $1.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the chief financial officer now directly owns 304,799 shares of the company’s stock, valued at $304,799. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman T. Michael Ansley sold 700,000 shares of the business’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $1.00, for a total transaction of $700,000.00. Following the sale, the chairman now owns 2,314,557 shares in the company, valued at $2,314,557. The disclosure for this sale can be found here. 50.00% of the stock is currently owned by insiders.
Shares of NASDAQ:SAUC traded up $0.07 during trading on Monday, reaching $1.39. The stock had a trading volume of 438,138 shares, compared to its average volume of 62,647. Diversified Restaurant has a one year low of $0.85 and a one year high of $1.87. The stock has a market capitalization of $45.61 million, a P/E ratio of -27.80 and a beta of 1.27. The company has a debt-to-equity ratio of -4.25, a quick ratio of 0.17 and a current ratio of 0.24.
Diversified Restaurant (NASDAQ:SAUC) last announced its quarterly earnings data on Wednesday, August 8th. The restaurant operator reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). The company had revenue of $37.04 million for the quarter. On average, research analysts forecast that Diversified Restaurant will post -0.09 EPS for the current year.
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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