Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) – Equities researchers at Dougherty & Co issued their FY2019 earnings estimates for Diversified Restaurant in a report released on Tuesday, March 12th. Dougherty & Co analyst J. Hamblin expects that the restaurant operator will post earnings per share of ($0.05) for the year.
SAUC has been the topic of a number of other research reports. Zacks Investment Research raised Diversified Restaurant from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. ValuEngine raised Diversified Restaurant from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.
Diversified Restaurant (NASDAQ:SAUC) last posted its quarterly earnings data on Thursday, March 7th. The restaurant operator reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The business had revenue of $39.07 million during the quarter.
Several institutional investors and hedge funds have recently modified their holdings of the company. AE Wealth Management LLC acquired a new position in Diversified Restaurant in the fourth quarter valued at about $174,000. Marcato Capital Management LP lifted its stake in Diversified Restaurant by 327.9% in the fourth quarter. Marcato Capital Management LP now owns 980,638 shares of the restaurant operator’s stock valued at $951,000 after buying an additional 751,488 shares during the period. White Pine Capital LLC lifted its stake in Diversified Restaurant by 10.3% in the fourth quarter. White Pine Capital LLC now owns 583,500 shares of the restaurant operator’s stock valued at $566,000 after buying an additional 54,500 shares during the period. Emerson Wealth Management LLC acquired a new position in Diversified Restaurant in the fourth quarter valued at about $30,000. Finally, Vanguard Group Inc increased its holdings in shares of Diversified Restaurant by 10.5% in the third quarter. Vanguard Group Inc now owns 276,110 shares of the restaurant operator’s stock worth $387,000 after acquiring an additional 26,140 shares in the last quarter. 53.07% of the stock is currently owned by institutional investors and hedge funds.
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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