Diversified Restaurant (NASDAQ:SAUC) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Diversified Restaurant (NASDAQ:SAUC) from a sell rating to a hold rating in a report published on Monday, February 4th.

Separately, Zacks Investment Research raised shares of Diversified Restaurant from a sell rating to a hold rating in a research report on Wednesday, January 9th.

Shares of SAUC opened at $1.13 on Monday. The stock has a market capitalization of $30.61 million, a PE ratio of -22.60 and a beta of 1.09. Diversified Restaurant has a fifty-two week low of $0.73 and a fifty-two week high of $1.57.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in shares of Diversified Restaurant by 10.5% in the third quarter. Vanguard Group Inc now owns 276,110 shares of the restaurant operator’s stock valued at $387,000 after acquiring an additional 26,140 shares in the last quarter. White Pine Capital LLC raised its holdings in Diversified Restaurant by 10.3% in the 4th quarter. White Pine Capital LLC now owns 583,500 shares of the restaurant operator’s stock valued at $566,000 after buying an additional 54,500 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Diversified Restaurant by 18.6% in the 3rd quarter. Renaissance Technologies LLC now owns 876,490 shares of the restaurant operator’s stock valued at $1,227,000 after buying an additional 137,219 shares during the last quarter. AE Wealth Management LLC bought a new position in Diversified Restaurant in the 4th quarter valued at approximately $174,000. Finally, Perkins Capital Management Inc. bought a new position in Diversified Restaurant in the 3rd quarter valued at approximately $420,000. Institutional investors and hedge funds own 48.99% of the company’s stock.

About Diversified Restaurant

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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