Diversified Restaurant (NASDAQ:SAUC) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Diversified Restaurant (NASDAQ:SAUC) from a hold rating to a buy rating in a report released on Wednesday morning, ValuEngine reports.

Diversified Restaurant stock opened at $1.04 on Wednesday. The firm’s fifty day moving average price is $0.54 and its 200-day moving average price is $0.70. The stock has a market cap of $15.63 million, a P/E ratio of -6.12 and a beta of 1.06. Diversified Restaurant has a fifty-two week low of $0.37 and a fifty-two week high of $1.36.

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

A number of large investors have recently modified their holdings of SAUC. Poehling Capital Management LLC raised its position in Diversified Restaurant by 3.2% in the 2nd quarter. Poehling Capital Management LLC now owns 463,192 shares of the restaurant operator’s stock worth $343,000 after purchasing an additional 14,159 shares during the period. Vanguard Group Inc. raised its position in Diversified Restaurant by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 374,625 shares of the restaurant operator’s stock worth $277,000 after purchasing an additional 34,900 shares during the period. Russell Investments Group Ltd. raised its position in Diversified Restaurant by 9.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,194,322 shares of the restaurant operator’s stock worth $702,000 after purchasing an additional 102,346 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Diversified Restaurant by 22.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381,328 shares of the restaurant operator’s stock worth $224,000 after purchasing an additional 70,000 shares during the period. Institutional investors own 19.10% of the company’s stock.

Diversified Restaurant Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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