ValuEngine downgraded shares of Diversified Restaurant (NASDAQ:SAUC) from a hold rating to a sell rating in a research report report published on Friday.

Separately, Zacks Investment Research upgraded shares of Diversified Restaurant from a sell rating to a hold rating in a report on Wednesday.

Diversified Restaurant (SAUC) traded down $0.07 during trading hours on Friday, reaching $1.53. 27,848 shares of the company’s stock traded hands, compared to its average volume of 52,433. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of -29.67. The firm has a market cap of $43.01, a price-to-earnings ratio of 160.00 and a beta of 1.30. Diversified Restaurant has a 12 month low of $1.28 and a 12 month high of $4.12.

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in Diversified Restaurant by 140.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,790 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 29,704 shares during the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of Diversified Restaurant by 55.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 59,163 shares of the restaurant operator’s stock worth $154,000 after acquiring an additional 21,181 shares during the last quarter. Spark Investment Management LLC lifted its holdings in shares of Diversified Restaurant by 3.8% in the 2nd quarter. Spark Investment Management LLC now owns 74,200 shares of the restaurant operator’s stock worth $192,000 after acquiring an additional 2,700 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Diversified Restaurant in the 3rd quarter worth approximately $293,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Diversified Restaurant in the 2nd quarter worth approximately $409,000. Institutional investors own 8.73% of the company’s stock.

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About Diversified Restaurant

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.

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