Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 25,000 shares, a growth of 125.2% from the September 15th total of 11,100 shares. Based on an average trading volume of 78,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.
An institutional investor recently raised its position in Diversified Restaurant stock. Vanguard Group Inc. increased its position in shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,625 shares of the restaurant operator’s stock after acquiring an additional 34,900 shares during the quarter. Vanguard Group Inc. owned about 1.13% of Diversified Restaurant worth $277,000 as of its most recent SEC filing. 19.10% of the stock is owned by institutional investors and hedge funds.
Diversified Restaurant stock opened at $0.44 on Tuesday. The company’s 50 day simple moving average is $0.53 and its 200 day simple moving average is $0.72. Diversified Restaurant has a fifty-two week low of $0.37 and a fifty-two week high of $1.52. The firm has a market capitalization of $13.77 million, a price-to-earnings ratio of -2.59 and a beta of 1.12.
Diversified Restaurant (NASDAQ:SAUC) last released its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The firm had revenue of $38.92 million for the quarter.
Diversified Restaurant Company Profile
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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