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Rating: DFRH
Buy $6.50

Diversified Restaurant Holdings, Inc (NASDAQ: BAGR) reiterated to Buy with price target $6.50 by Feltl & Co.

Friday,  Jan 10, 2014  12:25 PM ET by Dave Ficere

Feltl & Co. reiterated Diversified Restaurant Holdings, Inc (NASDAQ: BAGR) to Buy with
price target $6.50. Previously Feltl & Co. rated Buy with price target $7.25 Diversified Restaurant Holdings, Inc (NASDAQ: BAGR) on 11/14/2013, when the stock price was $5.90.

Diversified Restaurant Holdings, Inc. (DRH) is a franchisee for Buffalo Wild Wings (BWW) expanding through growth and acquisitions. The Company operates 16 Buffalo Wild Wings restaurants: 11 in Michigan and five in Florida. DRH also created its own full-service restaurant concept: Bagger Dave?s Legendary Burgers and Fries, which falls within the fast-casual dining segment. As of February 22, 2010, the Company owned and operated three Bagger Dave?s restaurants in Southeast Michigan. The Company also have Franchise Disclosure Documents filed in Michigan, Indiana and Ohio and one filing pending in Illinois for its Bagger Dave?s concept. On February 1, 2010, the Company exercised its option to acquire nine Buffalo Wild Wings Grill & Bar locations in Michigan and Florida.

Feltl and Company's Research Department is focused on micro to small market capitalization companies that are not widely covered by other research firms. Our research universe is focused and organized around the sectors of Technology, HealthCare, and Leisure/Consumer. Feltl and Company holds its research department to very high standards, and strives to provide value- added investment ideas through sound fundamental analysis. Feltl and Company's Research Department includes six senior analysts and one associate analyst with many years of investment analysis experience. Although we are focused on, and committed to, companies in the Upper Midwest, our reach extends from coast to coast. About half of the companies we cover are headquartered outside our "backyard." Our analysts have significant industry experience and strive to know their companies inside and out. Through stringent analysis, they provide value by creating a disciplined application of company valuation, allowing our clients to make sound investment decisions.



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