Chanticleer (NASDAQ:BURG) Upgraded to Hold by Zacks Investment Research

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Chanticleer (NASDAQ:BURG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Chanticleer Holdings, Inc. is engaged in owning and operating Hooters branded restaurants in international markets. Hooters restaurants are casual beach-themed establishments with sports on television, jukebox music, and Hooters Girls. The Company has rights to develop and operate Hooters restaurants in South Africa, rights to develop in Hungary and parts of Brazil, and has a joint venture with a franchisee in Australia. Chanticleer Holdings, Inc. is based in Charlotte, North Carolina. “

BURG has been the subject of a number of other research reports. ValuEngine cut Chanticleer from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Oak Ridge Finl. reiterated a “buy” rating on shares of Chanticleer in a research note on Friday, August 16th.

Chanticleer stock traded down $0.01 during trading hours on Tuesday, hitting $0.67. The company had a trading volume of 20,100 shares, compared to its average volume of 153,194. The firm has a market cap of $6.94 million, a PE ratio of -0.46 and a beta of 2.60. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.18 and a quick ratio of 0.16. Chanticleer has a one year low of $0.50 and a one year high of $2.95. The firm has a 50-day moving average of $0.75 and a 200 day moving average of $0.81.

A hedge fund recently bought a new stake in Chanticleer stock. Anson Funds Management LP bought a new position in shares of Chanticleer Holdings (NASDAQ:BURG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 194,500 shares of the restaurant operator’s stock, valued at approximately $214,000. Anson Funds Management LP owned approximately 4.94% of Chanticleer as of its most recent filing with the Securities & Exchange Commission. 1.63% of the stock is owned by institutional investors and hedge funds.

About Chanticleer

There is no company description available for Chanticleer Holdings Inc

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