Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) has received 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 rating.

Brokerages have set a one year consensus target price of $2.00 for the company and are forecasting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given Diversified Restaurant an industry rank of 186 out of 255 based on the ratings given to related companies.

A number of analysts have recently weighed in on SAUC shares. Zacks Investment Research cut shares of Diversified Restaurant from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. ValuEngine cut shares of Diversified Restaurant from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd.

In other news, CFO Phyllis A. Knight acquired 50,000 shares of Diversified Restaurant stock in a transaction dated Tuesday, July 24th. The stock was acquired 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 owns 304,799 shares of the company’s stock, valued at $304,799. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman T. Michael Ansley sold 700,000 shares of the company’s stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $1.00, for a total transaction of $700,000.00. Following the transaction, the chairman now owns 2,314,557 shares of the company’s stock, valued at $2,314,557. The disclosure for this sale can be found here. 50.00% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Diversified Restaurant stock. Poehling Capital Management LLC boosted its stake in shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 814,825 shares of the restaurant operator’s stock after purchasing an additional 67,241 shares during the quarter. Poehling Capital Management LLC owned 3.03% of Diversified Restaurant worth $1,100,000 at the end of the most recent quarter. 7.70% of the stock is owned by institutional investors.

SAUC stock traded up $0.05 during trading hours on Wednesday, hitting $1.25. The company’s stock had a trading volume of 1,547 shares, compared to its average volume of 89,039. The company has a quick ratio of 0.17, a current ratio of 0.24 and a debt-to-equity ratio of -4.25. The company has a market capitalization of $39.09 million, a price-to-earnings ratio of -25.00 and a beta of 1.30. Diversified Restaurant has a 12 month low of $0.85 and a 12 month high of $2.34.

Diversified Restaurant (NASDAQ:SAUC) last issued its quarterly earnings data on Wednesday, August 8th. The restaurant operator reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The firm had revenue of $37.04 million for the quarter. research analysts expect that Diversified Restaurant will post -0.09 EPS for the current fiscal 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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