Zacks Investment Research Upgrades Chanticleer Holdings Common Stock (BURG) to “Hold”
Chanticleer Holdings Common Stock (NASDAQ:BURG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Chanticleer Holdings, Inc. is engaged in owning and operating Hooters branded restaurants in international markets. Hooters restaurants are casual beach-themed establishments with sports on television, jukebox music, and Hooters Girls. The Company has rights to develop and operate Hooters restaurants in South Africa, rights to develop in Hungary and parts of Brazil, and has a joint venture with a franchisee in Australia. Chanticleer Holdings, Inc. is based in Charlotte, North Carolina. “
Separately, ValuEngine raised shares of Chanticleer Holdings Common Stock from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.
Chanticleer Holdings Common Stock (NASDAQ:BURG) last posted its earnings results on Monday, August 13th. The restaurant operator reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.07. The company had revenue of $10.40 million during the quarter, compared to analysts’ expectations of $10.65 million. Chanticleer Holdings Common Stock had a negative net margin of 16.67% and a negative return on equity of 35.72%. equities analysts predict that Chanticleer Holdings Common Stock will post -1.68 EPS for the current fiscal year.
Chanticleer Holdings Common Stock 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.
See Also: Short Selling
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chanticleer Holdings Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chanticleer Holdings Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.