Analysts Expect Chanticleer Holdings (BURG) to Post -$0.29 Earnings Per Share

Equities research analysts expect Chanticleer Holdings (NASDAQ:BURG) to post earnings of ($0.29) per share for the current quarter, Zacks reports. Two analysts have made estimates for Chanticleer’s earnings. Chanticleer reported earnings of ($0.18) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 61.1%. The business is expected to announce its next earnings results on Wednesday, March 27th.

According to Zacks, analysts expect that Chanticleer will report full-year earnings of ($1.62) per share for the current financial year, with EPS estimates ranging from ($1.63) to ($1.61). For the next financial year, analysts forecast that the firm will report earnings of ($0.83) per share, with EPS estimates ranging from ($0.85) to ($0.81). Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Chanticleer.

Chanticleer (NASDAQ:BURG) last posted its earnings results on Tuesday, November 13th. The restaurant operator reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.03). The company had revenue of $10.10 million for the quarter, compared to the consensus estimate of $10.67 million. Chanticleer had a negative return on equity of 33.85% and a negative net margin of 14.80%.

BURG has been the subject of several analyst reports. Zacks Investment Research upgraded Chanticleer from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine upgraded Chanticleer from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.

A hedge fund recently bought a new stake in Chanticleer stock. Vanguard Group Inc acquired a new stake in Chanticleer Holdings (NASDAQ:BURG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 filing with the SEC. 3.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chanticleer stock traded up $0.01 during midday trading on Tuesday, hitting $1.97. 1,288 shares of the company were exchanged, compared to its average volume of 18,639. The company has a market capitalization of $7.29 million, a PE ratio of -1.11 and a beta of 2.72. Chanticleer has a 52 week low of $1.23 and a 52 week high of $4.00.

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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