December 10, 2016 10:13 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 creates, develops, owns, and operates Bagger Dave’s Burger Tavern, a full-service restaurant and full bar that primarily provides burgers, fries, beers, salads, black bean turkey chili, sandwiches, ice cream and milkshakes, adult shakes, sommelier-selected wines, and other items. The company also 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 operate...

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. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 25, 2016; Provides Earnings Guidance for the Year 2016

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.

Diversified Restaurant Holdings, Inc., Q3 2016 Earnings Call, Nov 08, 2016

Diversified Restaurant Holdings, Inc., Q3 2016 Earnings Call, Nov 08, 2016

Diversified Restaurant Holdings, Inc. to Report Q3, 2016 Results on Nov 08, 2016

Diversified Restaurant Holdings, Inc. announced that they will report Q3, 2016 results at 5:00 PM, Eastern Standard Time on Nov 08, 2016

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Recent Private Companies Transactions

Type
Date
Target
Spin-Off/Split-Off
August 4, 2016
Diversified Restaurant Holdings, Inc., Bagger Dave's Business
 

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