Analysts Expect Diversified Restaurant Holdings, Inc (SAUC) Will Post Earnings of -$0.03 Per Share

Analysts expect Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) to post earnings per share of ($0.03) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Diversified Restaurant’s earnings. Diversified Restaurant reported earnings of ($0.05) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 40%. The firm is scheduled to issue its next earnings report on Thursday, March 14th.

According to Zacks, analysts expect that Diversified Restaurant will report full year earnings of ($0.12) per share for the current year. For the next year, analysts anticipate that the company will post earnings of ($0.05) per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Diversified Restaurant.

Diversified Restaurant (NASDAQ:SAUC) last released its quarterly earnings data on Wednesday, November 7th. The restaurant operator reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). The company had revenue of $37.49 million during the quarter.

Separately, Zacks Investment Research upgraded Diversified Restaurant from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th.

A number of hedge funds have recently made changes to their positions in SAUC. Russell Investments Group Ltd. acquired a new position in Diversified Restaurant during the 3rd quarter worth $1,240,000. Manatuck Hill Partners LLC acquired a new position in Diversified Restaurant during the 3rd quarter worth $935,000. Perkins Capital Management Inc. acquired a new position in Diversified Restaurant during the 3rd quarter worth $420,000. Finally, Renaissance Technologies LLC boosted its position in Diversified Restaurant by 18.6% during the 3rd quarter. Renaissance Technologies LLC now owns 876,490 shares of the restaurant operator’s stock worth $1,227,000 after acquiring an additional 137,219 shares during the period. Institutional investors own 19.61% of the company’s stock.

SAUC stock traded down $0.09 during trading on Friday, reaching $0.93. 43,200 shares of the company’s stock were exchanged, compared to its average volume of 60,944. Diversified Restaurant has a 1-year low of $0.85 and a 1-year high of $1.87. The firm has a market capitalization of $33.23 million, a PE ratio of -20.20 and a beta of 1.00.

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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