Chanticleer (NASDAQ:BURG) Upgraded at ValuEngine

Chanticleer (NASDAQ:BURG) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, June 26th, ValuEngine reports.

A number of other research analysts also recently issued reports on BURG. Northland Securities reiterated a “buy” rating and issued a $3.50 price target on shares of Chanticleer in a research note on Friday, April 5th. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, June 5th.

Shares of BURG stock traded down $0.05 during trading hours on Wednesday, reaching $0.80. 73,444 shares of the company were exchanged, compared to its average volume of 192,151. Chanticleer has a fifty-two week low of $0.75 and a fifty-two week high of $3.22. The business has a fifty day moving average price of $0.99. The firm has a market cap of $3.35 million, a P/E ratio of -0.55 and a beta of 2.53. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.06 and a current ratio of 0.08.

Chanticleer (NASDAQ:BURG) last announced its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.17). The company had revenue of $10.20 million during the quarter, compared to the consensus estimate of $10.35 million. Chanticleer had a negative net margin of 15.02% and a negative return on equity of 70.24%. As a group, sell-side analysts predict that Chanticleer will post -1.22 EPS for the current year.

About Chanticleer

There is no company description available for Chanticleer Holdings Inc

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