Diversified Restaurant Holdings, Inc. (SAUC) Expected to Post Quarterly Sales of $42.32 Million
Equities analysts expect that Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) will report $42.32 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Diversified Restaurant Holdings’ earnings, with estimates ranging from $42.14 million to $42.50 million. Diversified Restaurant Holdings posted sales of $46.39 million during the same quarter last year, which suggests a negative year over year growth rate of 8.8%. The business is scheduled to issue 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 fiscal year, with estimates ranging from $173.74 million to $176.04 million. For the next financial year, analysts expect that the firm will report sales of $0.00 per share. Zacks’ sales averages are an average based on a survey of analysts that follow Diversified Restaurant Holdings.
Several brokerages have weighed in on SAUC. Zacks Investment Research upgraded Diversified Restaurant Holdings from a “hold” rating to a “strong-buy” rating and set a $2.00 price target on the stock in a report on Thursday, March 16th. Dougherty & Co upped their price target on Diversified Restaurant Holdings from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Monday, March 13th.
Large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of 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 shares of 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 shares of 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. Institutional investors own 11.47% of the company’s stock.
Shares of Diversified Restaurant Holdings (SAUC) opened at 3.05 on Thursday. The company’s 50-day moving average price is $3.16 and its 200-day moving average price is $2.12. The company’s market cap is $81.34 million. Diversified Restaurant Holdings has a 12 month low of $0.70 and a 12 month high of $4.12.
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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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