Diversified Restaurant Holdings, Inc (SAUC) Expected to Earn Q1 2019 Earnings of $0.00 Per Share

Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) – Stock analysts at Dougherty & Co issued their Q1 2019 earnings per share estimates for Diversified Restaurant in a research note issued to investors on Tuesday, March 12th. Dougherty & Co analyst J. Hamblin expects that the restaurant operator will earn $0.00 per share for the quarter.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Diversified Restaurant from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. ValuEngine raised Diversified Restaurant from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

NASDAQ SAUC opened at $0.89 on Thursday. Diversified Restaurant has a 12 month low of $0.73 and a 12 month high of $1.55. The firm has a market capitalization of $28.99 million, a PE ratio of -5.24 and a beta of 1.07.

Diversified Restaurant (NASDAQ:SAUC) last released its earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $39.07 million during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAUC. Emerson Wealth Management LLC purchased a new stake in shares of Diversified Restaurant in the fourth quarter worth $30,000. Russell Investments Group Ltd. purchased a new stake in shares of Diversified Restaurant during the third quarter valued at $1,240,000. Marcato Capital Management LP boosted its position in shares of Diversified Restaurant by 327.9% during the fourth quarter. Marcato Capital Management LP now owns 980,638 shares of the restaurant operator’s stock valued at $951,000 after buying an additional 751,488 shares during the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of Diversified Restaurant during the third quarter valued at $935,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Diversified Restaurant during the fourth quarter valued at $174,000. 53.07% of the stock is currently owned by hedge funds and other institutional investors.

About Diversified Restaurant

Diversified Restaurant Holdings, Inc, a restaurant company, operates Buffalo Wild Wings franchised restaurants in the United States. The company primarily offers fresh bone-in chicken wings, frozen boneless chicken, and potatoes. As of March 8, 2018, it operated 65 franchised restaurants in Florida, Illinois, Indiana, Michigan, and Missouri.

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