Diversified Restaurant Holdings Inc. (SAUC) Director Acquires $17,200.00 in Stock
Diversified Restaurant Holdings Inc. (NASDAQ:SAUC) Director David Ligotti acquired 20,000 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were bought at an average cost of $0.86 per share, for a total transaction of $17,200.00. Following the completion of the transaction, the director now directly owns 305,243 shares of the company’s stock, valued at approximately $262,508.98. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Diversified Restaurant Holdings Inc. (NASDAQ:SAUC) remained flat at $1.09 during trading on Friday. 11,100 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $1.10 and its 200-day moving average price is $1.32. The company’s market capitalization is $29.03 million. Diversified Restaurant Holdings Inc. has a 52 week low of $0.70 and a 52 week high of $2.84.
Separately, Zacks Investment Research downgraded shares of Diversified Restaurant Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th.
Diversified Restaurant Holdings Company Profile
Diversified Restaurant Holdings, Inc (DHR) is a restaurant company. The Company operates two complementary concepts: Buffalo Wild Wings Grill & Bar (BWW) and Bagger Dave’s Burger Tavern (Bagger Dave’s). The Company operates through two segments: BWW and Bagger Dave’s. The Company has approximately 80 restaurants in Florida, Illinois, Indiana, Michigan and Missouri.
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