Macquarie Group Ltd. bought a new position in Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 140,829 shares of the restaurant operator’s stock, valued at approximately $293,000. Macquarie Group Ltd. owned 0.52% of Diversified Restaurant at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SAUC. Goldman Sachs Group Inc. raised 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 worth $117,000 after acquiring an additional 29,704 shares during the period. Virtu KCG Holdings LLC raised its holdings in 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 period. Arrowstreet Capital Limited Partnership bought a new position in Diversified Restaurant in the 2nd quarter worth $409,000. Dimensional Fund Advisors LP bought a new position in Diversified Restaurant in the 2nd quarter worth $413,000. Finally, Renaissance Technologies LLC raised its holdings in Diversified Restaurant by 68.4% in the 1st quarter. Renaissance Technologies LLC now owns 228,240 shares of the restaurant operator’s stock worth $525,000 after acquiring an additional 92,740 shares during the period. Hedge funds and other institutional investors own 8.73% of the company’s stock.

Diversified Restaurant Holdings, Inc. (SAUC) opened at $1.44 on Monday. Diversified Restaurant Holdings, Inc. has a twelve month low of $1.28 and a twelve month high of $4.12. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of -29.67. The stock has a market cap of $38.41, a PE ratio of 144.00 and a beta of 1.37.

Several brokerages recently commented on SAUC. ValuEngine downgraded shares of Diversified Restaurant from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Diversified Restaurant from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th.

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Diversified Restaurant Profile

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 (NASDAQ:SAUC)

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