Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) – Equities research analysts at Dougherty & Co lowered their FY2018 EPS estimates for Diversified Restaurant in a report issued on Tuesday. Dougherty & Co analyst J. Hamblin now forecasts that the restaurant operator will post earnings of $0.01 per share for the year, down from their previous forecast of $0.05.
Several other research firms have also commented on SAUC. Zacks Investment Research upgraded shares of Diversified Restaurant from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. ValuEngine lowered shares of Diversified Restaurant from a “hold” rating to a “sell” rating in a research report on Friday, December 1st.
Shares of Diversified Restaurant (NASDAQ SAUC) opened at $1.39 on Friday. The company has a market cap of $36.52, a price-to-earnings ratio of -1.81, a price-to-earnings-growth ratio of 6.80 and a beta of 1.20. Diversified Restaurant has a 1 year low of $1.30 and a 1 year high of $4.12. The company has a debt-to-equity ratio of -4.44, a quick ratio of 0.28 and a current ratio of 0.34.
Several institutional investors have recently added to or reduced their stakes in SAUC. Dimensional Fund Advisors LP purchased a new stake in shares of Diversified Restaurant in the 2nd quarter worth about $413,000. Macquarie Group Ltd. purchased a new position in Diversified Restaurant in the 3rd quarter valued at about $293,000. Boston Partners purchased a new position in Diversified Restaurant in the 4th quarter valued at about $157,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Diversified Restaurant by 164.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 134,543 shares of the restaurant operator’s stock valued at $350,000 after purchasing an additional 83,753 shares in the last quarter. Institutional investors and hedge funds own 10.54% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Dougherty & Co Brokers Reduce Earnings Estimates for Diversified Restaurant Holdings, Inc (SAUC)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2018/03/18/dougherty-co-brokers-reduce-earnings-estimates-for-diversified-restaurant-holdings-inc-sauc.html.
About Diversified Restaurant
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.
Receive News & Ratings for Diversified Restaurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diversified Restaurant and related companies with MarketBeat.com's FREE daily email newsletter.