Diversified Restaurant (NASDAQ:SAUC) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

Separately, Zacks Investment Research raised Diversified Restaurant from a “sell” rating to a “hold” rating in a research report on Wednesday.

Shares of Diversified Restaurant (NASDAQ SAUC) traded down $0.07 during trading hours on Friday, hitting $1.53. The company’s stock had a trading volume of 27,848 shares, compared to its average volume of 52,433. Diversified Restaurant has a 12 month low of $1.28 and a 12 month high of $4.12. The firm has a market capitalization of $43.01, a PE ratio of 160.00 and a beta of 1.30. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of -29.67.

Several large investors have recently made changes to their positions in SAUC. Renaissance Technologies LLC lifted its position in shares of Diversified Restaurant by 68.4% during the 1st quarter. Renaissance Technologies LLC now owns 228,240 shares of the restaurant operator’s stock worth $525,000 after purchasing an additional 92,740 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Diversified Restaurant during the 2nd quarter worth about $413,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Diversified Restaurant during the 2nd quarter worth about $409,000. Macquarie Group Ltd. acquired a new position in shares of Diversified Restaurant during the 3rd quarter worth about $293,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Diversified Restaurant by 164.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 134,543 shares of the restaurant operator’s stock worth $350,000 after purchasing an additional 83,753 shares during the last quarter. 8.73% of the stock is owned by institutional investors.

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About Diversified Restaurant

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.

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

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