Chanticleer (NASDAQ:BURG) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Chanticleer (NASDAQ:BURG) from a sell rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “Chanticleer Holdings, Inc. is engaged in owning and operating Hooters branded restaurants in international markets. Hooters restaurants are casual beach-themed establishments with sports on television, jukebox music, and Hooters Girls. The Company has rights to develop and operate Hooters restaurants in South Africa, rights to develop in Hungary and parts of Brazil, and has a joint venture with a franchisee in Australia. Chanticleer Holdings, Inc. is based in Charlotte, North Carolina. “

Separately, ValuEngine raised Chanticleer from a sell rating to a hold rating in a report on Wednesday, December 4th.

BURG stock traded down $0.05 on Wednesday, reaching $0.68. 27,342 shares of the company’s stock were exchanged, compared to its average volume of 58,690. The stock has a fifty day moving average of $0.60 and a 200-day moving average of $0.69. Chanticleer has a twelve month low of $0.50 and a twelve month high of $2.95. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 3.10.

Chanticleer (NASDAQ:BURG) last announced its quarterly earnings data on Thursday, November 14th. The restaurant operator reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.02. Chanticleer had a negative return on equity of 115.43% and a negative net margin of 27.61%. The firm had revenue of $9.65 million for the quarter, compared to analyst estimates of $10.22 million. As a group, sell-side analysts forecast that Chanticleer will post -1 EPS for the current fiscal year.

An institutional investor recently bought a new position in Chanticleer stock. Anson Funds Management LP bought a new stake in Chanticleer Holdings (NASDAQ:BURG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 194,500 shares of the restaurant operator’s stock, valued at approximately $214,000. Anson Funds Management LP owned about 4.94% of Chanticleer as of its most recent filing with the Securities & Exchange Commission. 1.60% of the stock is owned by institutional investors.

Chanticleer Company Profile

There is no company description available for Chanticleer Holdings Inc

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