Chanticleer (NASDAQ:BURG) Issues Quarterly Earnings Results, Misses Expectations By $0.33 EPS

Chanticleer (NASDAQ:BURG) released its quarterly earnings results on Monday, April 1st. The restaurant operator reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.33), Morningstar.com reports. The company had revenue of $10.12 million for the quarter, compared to the consensus estimate of $10.37 million. Chanticleer had a negative return on equity of 55.94% and a negative net margin of 16.88%.

Shares of BURG traded down $0.06 during mid-day trading on Wednesday, reaching $1.60. The company had a trading volume of 573 shares, compared to its average volume of 15,002. Chanticleer has a twelve month low of $1.23 and a twelve month high of $3.80. The company has a current ratio of 0.12, a quick ratio of 0.08 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.97 million, a PE ratio of -1.10 and a beta of 2.76.

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

An institutional investor recently bought a new position in Chanticleer stock. Vanguard Group Inc purchased a new position in shares of Chanticleer Holdings (NASDAQ:BURG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,514 shares of the restaurant operator’s stock, valued at approximately $51,000. Vanguard Group Inc owned about 0.55% of Chanticleer at the end of the most recent reporting period. Institutional investors own 3.00% of the company’s stock.

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About Chanticleer

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Earnings History for Chanticleer (NASDAQ:BURG)

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