Diversified Restaurant Holdings, Inc (SAUC) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) have earned an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.

Brokers have set a one year consensus price target of $3.75 for the company, according to Zacks. Zacks has also given Diversified Restaurant an industry rank of 76 out of 265 based on the ratings given to its competitors.

Several research analysts have weighed in on SAUC shares. Zacks Investment Research upgraded Diversified Restaurant from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. ValuEngine downgraded Diversified Restaurant from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

Diversified Restaurant (NASDAQ:SAUC) opened at $1.52 on Monday. Diversified Restaurant has a 52 week low of $1.30 and a 52 week high of $4.12. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of -29.67. The firm has a market capitalization of $40.86, a P/E ratio of -8.00, a price-to-earnings-growth ratio of 1.52 and a beta of 1.24.

A number of hedge funds have recently bought and sold shares of SAUC. Virtu KCG Holdings LLC boosted its stake in Diversified Restaurant by 55.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 59,163 shares of the restaurant operator’s stock worth $154,000 after purchasing an additional 21,181 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Diversified Restaurant during the 2nd quarter valued at approximately $413,000. Goldman Sachs Group Inc. boosted 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 valued at $350,000 after acquiring an additional 83,753 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Diversified Restaurant during the 2nd quarter valued at approximately $409,000. Finally, Macquarie Group Ltd. bought a new position in shares of Diversified Restaurant during the 3rd quarter valued at approximately $293,000. Institutional investors and hedge funds own 8.37% of the company’s stock.

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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.

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