Brokerages Set $2.00 Target Price for Diversified Restaurant Holdings, Inc (SAUC)

Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) has been given an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.

Brokerages have set a 12 month consensus target price of $2.00 for the company and are predicting 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 160 out of 255 based on the ratings given to its competitors.

A number of research analysts have commented on the company. Zacks Investment Research raised Diversified Restaurant from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine downgraded Diversified Restaurant from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd.

Shares of SAUC opened at $1.37 on Tuesday. Diversified Restaurant has a one year low of $0.85 and a one year high of $1.87.

Diversified Restaurant (NASDAQ:SAUC) last released its earnings results on Wednesday, August 8th. The restaurant operator reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $37.04 million during the quarter. As a group, research analysts predict that Diversified Restaurant will post -0.09 EPS for the current fiscal year.

An institutional investor recently bought a new position in Diversified Restaurant stock. Perkins Capital Management Inc. purchased a new position in shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 300,000 shares of the restaurant operator’s stock, valued at approximately $420,000. Perkins Capital Management Inc. owned 0.92% of Diversified Restaurant at the end of the most recent quarter. 7.70% of the stock is owned by institutional investors.

Diversified Restaurant Company Profile

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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