Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) – Dougherty & Co issued their Q4 2018 earnings estimates for shares of Diversified Restaurant in a note issued to investors on Thursday, November 8th. Dougherty & Co analyst J. Hamblin forecasts that the restaurant operator will earn ($0.03) per share for the quarter.
Diversified Restaurant (NASDAQ:SAUC) last announced its earnings results 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 business had revenue of $37.49 million during the quarter.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Diversified Restaurant from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine downgraded Diversified Restaurant from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd.
Shares of NASDAQ SAUC opened at $1.28 on Friday. Diversified Restaurant has a twelve month low of $0.85 and a twelve month high of $1.87. The company has a market capitalization of $45.61 million, a PE ratio of -25.60 and a beta of 0.99.
A hedge fund recently bought a new stake in Diversified Restaurant stock. Perkins Capital Management Inc. purchased a new stake in Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) in the third quarter, according to its most recent filing with the SEC. The fund purchased 300,000 shares of the restaurant operator’s stock, valued at approximately $420,000. Perkins Capital Management Inc. owned about 0.92% of Diversified Restaurant at the end of the most recent quarter. Hedge funds and other institutional investors own 11.34% of the company’s stock.
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.