Diversified Restaurant (SAUC) Sets New 1-Year High and Low at $1.15

Diversified Restaurant Holdings Inc. (NASDAQ:SAUC) shares hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $1.15 and last traded at $1.16, with a volume of 422 shares changing hands. The stock had previously closed at $1.20.

Separately, Zacks Investment Research upgraded shares of Diversified Restaurant from a “sell” rating to a “hold” rating in a report on Friday, May 11th.

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The company has a debt-to-equity ratio of -4.53, a quick ratio of 0.25 and a current ratio of 0.33.

Diversified Restaurant (NASDAQ:SAUC) last released its quarterly earnings results on Wednesday, May 9th. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The company had revenue of $39.53 million during the quarter. Diversified Restaurant had a negative net margin of 13.13% and a negative return on equity of 4.31%.

An institutional investor recently raised its position in Diversified Restaurant stock. Poehling Capital Management LLC grew its stake in Diversified Restaurant Holdings Inc. (NASDAQ:SAUC) by 9.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 814,825 shares of the restaurant operator’s stock after buying an additional 67,241 shares during the quarter. Poehling Capital Management LLC owned 3.03% of Diversified Restaurant worth $1,100,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.66% of the company’s stock.

Diversified Restaurant Company Profile

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.