Today Diversified Restaurant Holdings, Inc. (SAUC) Stock Reaches 52 Week Low

April 16, 2018 - By Migdalia James

The stock of Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) hit a new 52-week low and has $1.23 target or 6.00 % below today’s $1.31 share price. The 8 months bearish chart indicates high risk for the $35.20 million company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $1.23 price target is reached, the company will be worth $2.11 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 1.63% or $0.021 during the last trading session, reaching $1.311. About 11,834 shares traded. Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) has declined 40.86% since April 16, 2017 and is downtrending. It has underperformed by 52.41% the S&P500.

Diversified Restaurant Holdings, Inc. operates as a restaurant firm in the United States. The company has market cap of $35.20 million. It operates Buffalo Wild Wings Grill & Bar franchised restaurants, which primarily offer fresh bone-in chicken wings. It currently has negative earnings. As of June 9, 2017, it operated 64 Buffalo Wild Wings Grill & Bar franchised restaurants in Florida, Illinois, Indiana, Michigan, and Missouri.

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