Analysts Expect Chanticleer Holdings (BURG) Will Announce Quarterly Sales of $10.37 Million
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.
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.
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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