Chanticleer Holdings Common Stock (BURG) Expected to Announce Quarterly Sales of $10.85 Million

Equities analysts expect Chanticleer Holdings Common Stock (NASDAQ:BURG) to post $10.85 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Chanticleer Holdings Common Stock’s earnings. The highest sales estimate is $10.88 million and the lowest is $10.81 million. The firm is expected to report its next earnings report on Monday, November 12th.

On average, analysts expect that Chanticleer Holdings Common Stock will report full-year sales of $42.30 million for the current financial year, with estimates ranging from $42.09 million to $42.50 million. For the next year, analysts anticipate that the company will post sales of $50.62 million per share, with estimates ranging from $49.70 million to $51.54 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Chanticleer Holdings Common Stock.

Chanticleer Holdings Common Stock (NASDAQ:BURG) last released its earnings results on Monday, August 13th. The restaurant operator reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.07. Chanticleer Holdings Common Stock had a negative net margin of 15.34% and a negative return on equity of 35.65%. The firm had revenue of $10.40 million for the quarter, compared to the consensus estimate of $10.65 million.

Several equities analysts have recently commented on BURG shares. ValuEngine raised shares of Chanticleer Holdings Common Stock from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Chanticleer Holdings Common Stock from a “sell” rating to a “hold” rating and set a $3.00 target price on the stock in a report on Thursday, August 16th.

Shares of BURG stock traded up $0.13 during mid-day trading on Friday, hitting $2.51. The company had a trading volume of 12,107 shares, compared to its average volume of 26,361. Chanticleer Holdings Common Stock has a 52-week low of $1.81 and a 52-week high of $5.14.

About Chanticleer Holdings Common Stock

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.

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