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May 22, 2015 3:52 PM 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, milk shakes, salads, black bean turkey chili, sandwiches, ice cream and milkshakes, and other items. The company also operates Buffalo Wild Wings Grill & Bar franchised restaurants, which primarily offer chicken items, Wild Flatbreads, popcorn shrimps, hamburgers and sandwiches, wraps, Buffalito soft tacos, appetizers, and salads, as well as beer, wine, and liquor. As of March 10, 2015, it operated 26 company-owned Bagger Dave's restaurants in Mic...

27680 Franklin Road

Southfield, MI 48034

United States

Founded in 1999

Key Executives for Diversified Restaurant Holdings, Inc.

Chairman, Chief Executive Officer and President
Age: 43
Total Annual Compensation: $391.8K
Chief Financial Officer, Principal Accounting Officer, Treasurer and Director
Age: 42
Total Annual Compensation: $296.1K
Chief Operating Officer and Secretary
Age: 33
Total Annual Compensation: $280.1K
Vice President of Purchasing
Total Annual Compensation: $131.9K
Compensation as of Fiscal Year 2014.

Diversified Restaurant Holdings, Inc. Key Developments

Buffalo Wild Wings Inc., Diversified Restaurant Holdings, Inc. - M&A Call

To discuss the acquisition of Eighteen Buffalo Wild Wings Restaurants form Buffalo Wild Wings Inc. by Diversified Restaurant Holdings Inc. for $54 million

Diversified Restaurant Holdings, Inc. to Open 8 to 9 New Restaurants

Diversified Restaurant Holdings, Inc. announced that on a consolidated basis, for the full year, the company remains on track to open 8 to 9 new restaurants, representing growth of approximately 12% to 14% year-over-year, including growth of over 20% for Bagger Dave's and over 7% for Buffalo Wild Wings. This range includes an estimated 5 to 6 Bagger Dave's and 3 Buffalo Wild Wings, all of which are already in development.

Diversified Restaurant Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Provides Earnings Guidance for the Fiscal Year 2015

Diversified Restaurant Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the quarter, the company reported revenue of $39,440,332 compared to $30,473,014 a year ago. Operating profit was $608,504 compared to $778,170 a year ago. Income before income taxes was $ 193,284 compared to $314,799 a year ago. Net income was $262,642 or $0.01 per basic and diluted share compared to $367,857 or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $3,055,620 compared to $2,654,299 a year ago. Purchases of property and equipment were $7,766,440 compared to $5,626,473 a year ago. EBITDA was $3,914,234 compared to $3,181,695 a year ago. Adjusted EBITDA was $5,081,944 compared to $3,725,716 a year ago. Restaurant–Level EBITDA was $7,504,621 compared to $5,838,278 a year ago. The company reiterated earnings guidance for the fiscal year 2015. For the year, revenue is expected to be in the range of $148.0 million to $153.0 million. The company's adjusted EBITDA is expected to be in the range of $16.0 million to $17.0 million. Restaurant-level EBITDA is expected to be around $26.0 million to $28.5 million. Capital expenditures are expected to be in the range of $35.0 million to $40.0 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 7, 2015
Three Buffalo Wild Wings locations in Florida
Merger/Acquisition
October 9, 2014
11 Properties
 

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