Brokerages Anticipate Chanticleer Holdings Common Stock (BURG) Will Post Quarterly Sales of $10.85 Million

Equities analysts predict that Chanticleer Holdings Common Stock (NASDAQ:BURG) will report sales of $10.85 million for the current quarter, according to Zacks. Two analysts have provided estimates for Chanticleer Holdings Common Stock’s earnings. The highest sales estimate is $10.88 million and the lowest is $10.81 million. The firm is scheduled to issue its next earnings results on Monday, November 12th.

According to Zacks, analysts expect that Chanticleer Holdings Common Stock will report full year sales of $42.30 million for the current year, with estimates ranging from $42.09 million to $42.50 million. For the next financial year, analysts expect that the business will report sales of $50.62 million per share, with estimates ranging from $49.70 million to $51.54 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Chanticleer Holdings Common Stock.

Chanticleer Holdings Common Stock (NASDAQ:BURG) last announced its earnings results on Monday, August 13th. The restaurant operator reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.07. The company had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.65 million. Chanticleer Holdings Common Stock had a negative net margin of 15.34% and a negative return on equity of 35.65%.

BURG has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Chanticleer Holdings Common Stock from a “sell” rating to a “hold” rating and set a $3.00 target price for the company in a research report on Thursday, August 16th. ValuEngine upgraded shares of Chanticleer Holdings Common Stock from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th.

NASDAQ BURG traded up $0.13 during trading hours on Friday, hitting $2.51. 12,107 shares of the company’s stock traded hands, compared to its average volume of 26,361. Chanticleer Holdings Common Stock has a 52 week low of $1.81 and a 52 week high of $5.14.

Chanticleer Holdings Common Stock Company Profile

Chanticleer Holdings, Inc, together with its subsidiaries, owns, operates, and franchises fast casual dining concepts in the United States and internationally. The company owns and operates 8 locations under the American Burger Company name in North Carolina, South Carolina, and New York; 8 company-owned locations in the United States and 13 franchisee-operated locations in the United States and the Middle East under The Burger Joint name; and 12 company-owned locations under the Little Big Burger name in the Portland, Oregon and Charlotte, North Carolina.

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