Diversified Restaurant Holdings Up 17% – Comp Stores Sales Climb 10%, Earnings In-Line

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Diversified Restaurant Holdings (BAGR) reported in-line 4Q earnings, with same store sales growth of 10.3%, sending shares up 17%.

Diversified, operator of Bagger Dave’s Burger Tavern restaurants and one of the largest franchisees of Buffalo Wild Wings, said it broke even for the quarter with 4Q EPS of $0.00 per share vs. a loss of $0.03 per share in the year-ago period.

The results were in-line with Capital IQ EPS estimates of $0.00 per share.

The company reported 4Q revenues of $28.5 million vs. $18.9 million in the year-ago period.

In afternoon trade, BAGR was up 17.42% to $5.19.

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