Parkside Financial Bank & Trust Cuts Stake in Diversified Restaurant Holdings, Inc. (SAUC)

Parkside Financial Bank & Trust lowered its stake in Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,328 shares of the restaurant operator’s stock after selling 10,000 shares during the period. Parkside Financial Bank & Trust owned about 1.20% of Diversified Restaurant Holdings worth $835,000 as of its most recent filing with the SEC.

Separately, Goldman Sachs Group Inc. raised its position in Diversified Restaurant Holdings by 140.9% in the first quarter. Goldman Sachs Group Inc. now owns 50,790 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 29,704 shares during the period. Institutional investors and hedge funds own 5.03% of the company’s stock.

Shares of Diversified Restaurant Holdings, Inc. (NASDAQ SAUC) opened at 2.24 on Friday. The firm’s 50 day moving average price is $2.39 and its 200 day moving average price is $2.43. The stock’s market cap is $59.75 million. Diversified Restaurant Holdings, Inc. has a 52-week low of $0.70 and a 52-week high of $4.12.

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Separately, Zacks Investment Research downgraded Diversified Restaurant Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th.

Diversified Restaurant Holdings Company 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 Holdings (NASDAQ:SAUC)

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