Chanticleer Holdings (BURG) Expected to Announce Earnings of -$0.29 Per Share

Analysts forecast that Chanticleer Holdings (NASDAQ:BURG) will post earnings of ($0.29) per share for the current quarter, according to Zacks. Two analysts have made estimates for Chanticleer’s earnings. Chanticleer posted earnings per share of ($0.18) during the same quarter last year, which would indicate a negative year over year growth rate of 61.1%. The company is expected to report its next quarterly earnings results on Wednesday, March 27th.

According to Zacks, analysts expect that Chanticleer will report full year earnings of ($1.62) per share for the current fiscal year, with EPS estimates ranging from ($1.63) to ($1.61). For the next fiscal year, analysts expect that the firm will post earnings of ($0.83) per share, with EPS estimates ranging from ($0.85) to ($0.81). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Chanticleer.

Several research firms recently commented on BURG. Zacks Investment Research raised Chanticleer from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine raised Chanticleer from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

An institutional investor recently bought a new position in Chanticleer stock. Vanguard Group Inc bought a new position in shares of Chanticleer Holdings (NASDAQ:BURG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,514 shares of the restaurant operator’s stock, valued at approximately $51,000. Vanguard Group Inc owned 0.55% of Chanticleer at the end of the most recent reporting period. 3.07% of the stock is owned by institutional investors.

NASDAQ BURG traded up $0.12 during trading hours on Thursday, hitting $2.10. 6,354 shares of the company’s stock were exchanged, compared to its average volume of 14,379. Chanticleer has a 1-year low of $1.23 and a 1-year high of $3.99. The stock has a market capitalization of $7.38 million, a P/E ratio of -1.18 and a beta of 2.77.

Chanticleer 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, as well as in Wallingford, Seattle.

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