Diversified Restaurant (NASDAQ:SAUC) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Diversified Restaurant (NASDAQ:SAUC) from a hold rating to a buy rating in a research note published on Wednesday, ValuEngine reports.

SAUC traded down $0.01 on Wednesday, hitting $1.04. 217,800 shares of the company traded hands, compared to its average volume of 113,770. The company has a 50 day moving average of $0.54 and a 200-day moving average of $0.70. The stock has a market capitalization of $15.63 million, a PE ratio of -6.12 and a beta of 1.06. Diversified Restaurant has a 12-month low of $0.37 and a 12-month high of $1.36.

Diversified Restaurant (NASDAQ:SAUC) last announced its earnings results on Wednesday, August 14th. The restaurant operator reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $38.92 million for the quarter.

A number of large investors have recently made changes to their positions in SAUC. Poehling Capital Management LLC grew its holdings in Diversified Restaurant by 3.2% during the 2nd quarter. Poehling Capital Management LLC now owns 463,192 shares of the restaurant operator’s stock valued at $343,000 after buying an additional 14,159 shares during the last quarter. Vanguard Group Inc. grew its holdings in Diversified Restaurant by 10.3% during the 2nd quarter. Vanguard Group Inc. now owns 374,625 shares of the restaurant operator’s stock valued at $277,000 after buying an additional 34,900 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Diversified Restaurant by 9.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,194,322 shares of the restaurant operator’s stock valued at $702,000 after buying an additional 102,346 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Diversified Restaurant by 22.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381,328 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 70,000 shares during the last quarter. Hedge funds and other institutional investors own 19.10% of the company’s stock.

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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