Zacks: Diversified Restaurant Holdings, Inc (SAUC) Given $3.75 Average Target Price by Brokerages

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

Brokers have set a one year consensus price objective of $3.75 for the company, according to Zacks. Zacks has also assigned Diversified Restaurant an industry rank of 86 out of 265 based on the ratings given to its competitors.

Several research firms have issued reports on SAUC. ValuEngine cut Diversified Restaurant from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research raised Diversified Restaurant from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Diversified Restaurant by 164.9% in the second quarter. Goldman Sachs Group Inc. now owns 134,543 shares of the restaurant operator’s stock valued at $350,000 after buying an additional 83,753 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Diversified Restaurant in the second quarter valued at $409,000. Macquarie Group Ltd. acquired a new stake in shares of Diversified Restaurant in the third quarter valued at $293,000. Dimensional Fund Advisors LP acquired a new stake in shares of Diversified Restaurant in the second quarter valued at $413,000. Finally, Virtu KCG Holdings LLC grew its stake in shares of Diversified Restaurant by 55.8% in the second quarter. Virtu KCG Holdings LLC now owns 59,163 shares of the restaurant operator’s stock valued at $154,000 after buying an additional 21,181 shares in the last quarter. 8.68% of the stock is owned by institutional investors and hedge funds.

Shares of Diversified Restaurant (NASDAQ:SAUC) opened at $1.62 on Monday. The company has a debt-to-equity ratio of -29.67, a quick ratio of 0.28 and a current ratio of 0.35. The stock has a market capitalization of $42.59, a price-to-earnings ratio of -8.53, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. Diversified Restaurant has a one year low of $1.30 and a one year high of $4.12.

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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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