Zacks: Chanticleer Holdings (BURG) Given Average Recommendation of “Strong Buy” by Brokerages
Shares of Chanticleer Holdings (NASDAQ:BURG) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $5.00 for the company and are predicting that the company will post ($0.29) EPS for the current quarter, according to Zacks. Zacks has also given Chanticleer an industry rank of 171 out of 257 based on the ratings given to its competitors.
A number of brokerages recently commented on BURG. Zacks Investment Research raised Chanticleer from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. ValuEngine lowered Chanticleer from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd.
NASDAQ:BURG opened at $1.89 on Wednesday. Chanticleer has a 12-month low of $1.42 and a 12-month high of $5.14.
Chanticleer (NASDAQ:BURG) last announced its quarterly earnings results on Tuesday, November 13th. The restaurant operator reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.03). Chanticleer had a negative net margin of 14.80% and a negative return on equity of 33.85%. The firm had revenue of $10.10 million for the quarter, compared to the consensus estimate of $10.67 million. As a group, equities analysts predict that Chanticleer will post -1.62 earnings per share for the current fiscal year.
Chanticleer Company Profile
Chanticleer Holdings, Inc, together with its subsidiaries, owns, operates, and franchises fast casual dining concepts in the United States and internationally. The company owns and operates 8 locations under the American Burger Company name in North Carolina, South Carolina, and New York; 8 company-owned locations in the United States and 13 franchisee-operated locations in the United States and the Middle East under The Burger Joint name; and 12 company-owned locations under the Little Big Burger name in the Portland, Oregon and Charlotte, North Carolina, as well as in Wallingford, Seattle.
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