Virtu KCG Holdings LLC raised its holdings in Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) by 55.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,163 shares of the restaurant operator’s stock after acquiring an additional 21,181 shares during the quarter. Virtu KCG Holdings LLC owned 0.22% of Diversified Restaurant Holdings worth $154,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Diversified Restaurant Holdings by 140.9% in the first quarter. Goldman Sachs Group Inc. now owns 50,790 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 29,704 shares during the period. Spark Investment Management LLC lifted its holdings in Diversified Restaurant Holdings by 3.8% in the second quarter. Spark Investment Management LLC now owns 74,200 shares of the restaurant operator’s stock valued at $192,000 after acquiring an additional 2,700 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Diversified Restaurant Holdings by 68.4% in the first quarter. Renaissance Technologies LLC now owns 228,240 shares of the restaurant operator’s stock valued at $525,000 after acquiring an additional 92,740 shares during the period. 11.04% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded Diversified Restaurant Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th.

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Shares of Diversified Restaurant Holdings, Inc. (SAUC) opened at 1.69 on Tuesday. The firm’s market cap is $45.08 million. Diversified Restaurant Holdings, Inc. has a 12-month low of $0.70 and a 12-month high of $4.12. The firm has a 50-day moving average price of $1.95 and a 200-day moving average price of $2.46.

About Diversified Restaurant Holdings

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.

Institutional Ownership by Quarter for Diversified Restaurant Holdings (NASDAQ:SAUC)

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