Wall Street brokerages expect that Chanticleer Holdings (NASDAQ:BURG) will report $10.37 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Chanticleer’s earnings. The lowest sales estimate is $10.34 million and the highest is $10.40 million. Chanticleer posted sales of $10.08 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The business is expected to announce its next earnings report on Wednesday, March 27th.

On average, analysts expect that Chanticleer will report full year sales of $40.86 million for the current year, with estimates ranging from $40.83 million to $40.89 million. For the next financial year, analysts expect that the business will report sales of $46.60 million, with estimates ranging from $46.18 million to $47.01 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Chanticleer.

A number of brokerages have weighed in on BURG. ValuEngine upgraded shares of Chanticleer from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Chanticleer from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th.

A hedge fund recently bought a new stake in Chanticleer stock. Vanguard Group Inc purchased a new position in shares of Chanticleer Holdings (NASDAQ:BURG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing. Institutional investors and hedge funds own 3.07% of the company’s stock.

Shares of Chanticleer stock traded up $0.12 during trading hours on Friday, reaching $2.10. The stock had a trading volume of 6,354 shares, compared to its average volume of 14,379. The company has a market cap of $7.38 million, a P/E ratio of -1.18 and a beta of 2.77. Chanticleer has a twelve month low of $1.23 and a twelve month high of $3.99.

About Chanticleer

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, as well as in Wallingford, Seattle.

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