Diversified Restaurant (NASDAQ:SAUC) Shares Up 15.5%

Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) shares shot up 15.5% during trading on Thursday . The stock traded as high as $0.47 and last traded at $0.44, 270,253 shares changed hands during mid-day trading. An increase of 362% from the average session volume of 58,500 shares. The stock had previously closed at $0.38.

The company’s fifty day moving average is $0.60 and its 200 day moving average is $0.80. The company has a market capitalization of $12.65 million, a P/E ratio of -3.05 and a beta of 1.07.

Diversified Restaurant (NASDAQ:SAUC) last released its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The business had revenue of $38.92 million during the quarter.

An institutional investor recently raised its position in Diversified Restaurant stock. Vanguard Group Inc. increased its holdings in Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 374,625 shares of the restaurant operator’s stock after buying an additional 34,900 shares during the period. Vanguard Group Inc. owned 1.13% of Diversified Restaurant worth $277,000 as of its most recent SEC filing. 48.94% of the stock is owned by institutional investors and hedge funds.

Diversified Restaurant Company Profile (NASDAQ:SAUC)

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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