Zacks: Brokerages Expect Diversified Restaurant Holdings, Inc (SAUC) Will Post Quarterly Sales of $42.32 Million
Wall Street analysts forecast that Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) will announce sales of $42.32 million for the current quarter, according to Zacks. Two analysts have made estimates for Diversified Restaurant Holdings’ earnings, with the highest sales estimate coming in at $42.5 million and the lowest estimate coming in at $42.14 million. Diversified Restaurant Holdings reported sales of $46.39 million during the same quarter last year, which would suggest a negative year over year growth rate of 8.8%. The company is scheduled to announce its next earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Diversified Restaurant Holdings will report full-year sales of $42.32 million for the current financial year, with estimates ranging from $173.74 million to $176.04 million. For the next year, analysts expect that the firm will report sales of $0.00 per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Diversified Restaurant Holdings.
A number of equities analysts recently weighed in on SAUC shares. Zacks Investment Research downgraded shares of Diversified Restaurant Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Dougherty & Co lifted their target price on shares of Diversified Restaurant Holdings from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Monday, March 13th.
Shares of Diversified Restaurant Holdings (NASDAQ:SAUC) traded down 0.51% during trading on Friday, hitting $3.93. 697,205 shares of the stock traded hands. The firm’s market capitalization is $104.81 million. Diversified Restaurant Holdings has a 1-year low of $0.70 and a 1-year high of $4.12. The firm has a 50-day moving average of $2.71 and a 200-day moving average of $1.84.
A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Diversified Restaurant Holdings by 1.6% in the first quarter. Geode Capital Management LLC now owns 45,688 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 720 shares during the period. Goldman Sachs Group Inc. increased its stake in Diversified Restaurant Holdings by 140.9% in the first quarter. Goldman Sachs Group Inc. now owns 50,790 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 29,704 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Diversified Restaurant Holdings by 68.4% in the first quarter. Renaissance Technologies LLC now owns 228,240 shares of the restaurant operator’s stock valued at $525,000 after buying an additional 92,740 shares during the period. 15.88% of the stock is owned by hedge funds and other institutional investors.
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Diversified Restaurant Holdings Company Profile
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.
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