Parkside Financial Bank & Trust Raises Holdings in Diversified Restaurant Holdings, Inc (NASDAQ:SAUC)

Parkside Financial Bank & Trust grew its position in shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 381,328 shares of the restaurant operator’s stock after purchasing an additional 70,000 shares during the quarter. Parkside Financial Bank & Trust owned approximately 1.15% of Diversified Restaurant worth $224,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Poehling Capital Management LLC grew its holdings in shares of Diversified Restaurant by 3.2% during the second 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 last quarter. Vanguard Group Inc. grew its holdings in shares of Diversified Restaurant by 10.3% during the second quarter. Vanguard Group Inc. now owns 374,625 shares of the restaurant operator’s stock worth $277,000 after buying an additional 34,900 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Diversified Restaurant by 9.4% during the third quarter. Russell Investments Group Ltd. now owns 1,194,322 shares of the restaurant operator’s stock worth $702,000 after buying an additional 102,346 shares during the last quarter. 19.10% of the stock is currently owned by institutional investors.

Separately, ValuEngine raised Diversified Restaurant from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th.

Shares of NASDAQ SAUC traded down $0.01 during midday trading on Monday, reaching $1.03. 17,206 shares of the company were exchanged, compared to its average volume of 113,770. Diversified Restaurant Holdings, Inc has a 1 year low of $0.37 and a 1 year high of $1.36. The stock has a market cap of $15.63 million, a P/E ratio of -6.06 and a beta of 1.06. The stock has a fifty day simple moving average of $0.54 and a 200 day simple moving average of $0.70.

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

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.

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

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