February 25, 2017 9:44 AM ET

Hotels, Restaurants and Leisure

Company Overview of Diversified Restaurant Holdings, Inc.

Company Overview

Diversified Restaurant Holdings, Inc. operates as a restaurant company in the United States. It operates Buffalo Wild Wings Grill & Bar franchised restaurants, which primarily offer chicken wings, boneless wings, and other items, including chicken tenders, Wild Flatbreads, popcorn shrimps, specialty hamburgers and sandwiches, wraps, soft tacos, appetizers, and salads. As of June 21, 2016, it operated 64 Buffalo Wild Wings Grill & Bar franchised restaurants in Florida, Illinois, Indiana, Michigan, and Missouri. The company was founded in 1999 and is headquartered in Southfield, Michigan.

27680 Franklin Road

Southfield, MI 48034

United States

Founded in 1999

Key Executives for Diversified Restaurant Holdings, Inc.

Chief Executive Officer, President and Director
Age: 45
Total Annual Compensation: $265.9K
Executive Chairman
Age: 45
Total Annual Compensation: $379.8K
Chief Operating Officer and Secretary
Age: 35
Total Annual Compensation: $256.1K
Compensation as of Fiscal Year 2015.

Diversified Restaurant Holdings, Inc. Key Developments

Diversified Restaurant Holdings, Inc. Presents at Noble Financial Capital Markets 13th Annual Small Cap and Emerging Growth Investor Conference, Jan-30-2017 11:30 AM

Diversified Restaurant Holdings, Inc. Presents at Noble Financial Capital Markets 13th Annual Small Cap and Emerging Growth Investor Conference, Jan-30-2017 11:30 AM. Venue: Boca Raton Resort & Club, 501 E Camino Real, Boca Raton, FL 33432, United States. Speakers: David Gregory Burke, Chief Executive Officer, President and Director.

Diversified Restaurant Holdings, Inc. Enters into Amendment to Primary Credit Facility

On December 23, 2016, Diversified Restaurant Holdings, Inc. and certain of its subsidiaries entered into an amendment to the Company’s primary credit facility with Citizens Bank, National Association, as administrative agent. The amendment releases all Bagger Dave’s entities as loan parties from the credit agreement. Additionally, the amendment reduces development line of credit to $5 million, extends its maturity by one year to June 29, 2018, maintains revolving line of credit at $5 million, eliminates the clean-down provisions of the revolver and provides for the conversion of all existing development loans into term loans.

Diversified Restaurant Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 25, 2016; Provides Earnings Guidance for the Year 2016 and Capex Guidance for the Year 2017

Diversified Restaurant Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 25, 2016. For the quarter, the company reported revenues of $46,688,629 against $47,077,816 a year ago. Operating loss was $802,400 against $3,140,137 a year ago. Loss before income taxes was $2,228,808 against $4,948,302 a year ago. Net loss was $1,389,125 or $0.05 per share basic and diluted against $3,581,535 or $0.14 per share basic and diluted a year ago. EBITDA was $4,528,757 against $1,844,423 a year ago. Adjusted EBITDA was $5,033,293 against $4,096,128 a year ago. For the nine months, the company reported revenues of $141,492,474 against $123,389,986 a year ago. Operating profit was $1,845,885 against operating loss of $8,041,179 a year ago. Loss before income taxes was $2,381,120 against $10,096,341 a year ago. Net loss was $1,141,146 or $0.04 per share basic and diluted against $6,637,236 or $0.25 per share basic and diluted a year ago. Adjusted EBITDA was $17,621,799 against $12,117,344 a year ago. EBITDA was $15,343,319 against $5,819,871 a year ago. Net cash provided by operating activities was $7,860,059 against $5,775,364 a year ago. Purchase of property and equipment was $13,936,969 against $19,776,752 a year ago. For the year 2016, the company expects revenue from continued operations of $164 million to $168 million. Adjusted EBITDA between $21 million to $23 million. Restaurant-level EBITDA of $33 million to $35 million. Capital expenditures of approximately $14.5 million to $15 million. For the year 2017, CapEx will be slowed to a range of $5 million to $8 million with possibly just one new location, and the bulk of the CapEx spend focused on Stadia remodels.

Similar Private Companies By Industry

Company Name Region
1 Hotel South Beach, Inc. United States
1001 Marquette LLC United States
11 East 1st St. LLC United States
11 Howard Hotel United States
110 Gourmet, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Spin-Off/Split-Off
July 28, 2016
Bagger Dave's Burger Tavern, Inc.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Diversified Restaurant Holdings, Inc., please visit www.diversifiedrestaurantholdings.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.