Goldman Sachs Group Inc. Grows Position in Diversified Restaurant Holdings, Inc. (SAUC)

Goldman Sachs Group Inc. boosted its position in shares of Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) by 164.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,543 shares of the restaurant operator’s stock after buying an additional 83,753 shares during the period. Goldman Sachs Group Inc. owned approximately 0.50% of Diversified Restaurant Holdings worth $350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SAUC. Spark Investment Management LLC boosted its stake in shares of Diversified Restaurant Holdings by 3.8% in the 2nd quarter. Spark Investment Management LLC now owns 74,200 shares of the restaurant operator’s stock valued at $192,000 after purchasing an additional 2,700 shares in the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of Diversified Restaurant Holdings by 55.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 59,163 shares of the restaurant operator’s stock valued at $154,000 after purchasing an additional 21,181 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Diversified Restaurant Holdings by 68.4% in the 1st quarter. Renaissance Technologies LLC now owns 228,240 shares of the restaurant operator’s stock valued at $525,000 after purchasing an additional 92,740 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Diversified Restaurant Holdings in the 2nd quarter valued at approximately $413,000. Hedge funds and other institutional investors own 10.84% of the company’s stock.

Shares of Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) opened at $1.66 on Friday. Diversified Restaurant Holdings, Inc. has a one year low of $1.05 and a one year high of $4.12. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of -29.67. The firm has a market cap of $44.09, a P/E ratio of 164.00 and a beta of 1.32.

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About Diversified Restaurant Holdings

Diversified Restaurant Holdings, Inc (DRH) is a restaurant company. The Company is a franchisee of Buffalo Wild Wings (BWW).As of September 25, 2016, the Company operated 64 BWW restaurants, which are located in Michigan, Florida, Missouri, Illinois and Indiana. The BWW restaurants feature a range of menu items with a multimedia social environment, a bar and an open layout designed to create a dining experience for sports fans and families.

Institutional Ownership by Quarter for Diversified Restaurant Holdings (NASDAQ:SAUC)

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