Brokerages expect Chanticleer Holdings (NASDAQ:BURG) to post $11.17 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Chanticleer’s earnings, with the highest sales estimate coming in at $11.60 million and the lowest estimate coming in at $10.73 million. Chanticleer posted sales of $10.40 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The company is scheduled to announce its next earnings report on Monday, August 12th.

According to Zacks, analysts expect that Chanticleer will report full year sales of $43.88 million for the current financial year, with estimates ranging from $42.65 million to $45.10 million. For the next financial year, analysts expect that the business will report sales of $49.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Chanticleer.

Chanticleer (NASDAQ:BURG) last announced its earnings results on Wednesday, May 15th. The restaurant operator reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.17). The business had revenue of $10.20 million for the quarter, compared to the consensus estimate of $10.35 million. Chanticleer had a negative return on equity of 70.24% and a negative net margin of 15.02%.

Several analysts have recently commented on the company. ValuEngine upgraded Chanticleer from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Northland Securities restated a “buy” rating and set a $3.50 target price on shares of Chanticleer in a report on Friday, April 5th. Finally, Zacks Investment Research cut Chanticleer from a “hold” rating to a “sell” rating in a report on Friday, April 5th.

A hedge fund recently bought a new stake in Chanticleer stock. Renaissance Technologies LLC purchased a new stake in shares of Chanticleer Holdings (NASDAQ:BURG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,866 shares of the restaurant operator’s stock, valued at approximately $27,000. Renaissance Technologies LLC owned 0.43% of Chanticleer as of its most recent SEC filing. Institutional investors own 3.14% of the company’s stock.

Shares of BURG stock traded down $0.05 during trading hours on Thursday, hitting $1.17. 74,467 shares of the company’s stock were exchanged, compared to its average volume of 182,966. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.06 and a current ratio of 0.08. The stock has a market capitalization of $4.61 million, a PE ratio of -0.81 and a beta of 2.65. Chanticleer has a 52 week low of $1.07 and a 52 week high of $3.70.

About Chanticleer

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