0.3700 +0.03 (9.76%)
After hours: 7:59PM EDT
|Bid||0.3571 x 1200|
|Ask||0.3590 x 800|
|Day's Range||0.3017 - 0.3900|
|52 Week Range||0.3000 - 2.9500|
|Beta (5Y Monthly)||2.77|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 12, 2020 - May 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.50|
Sonnet BioTherapuetics Holdings, Inc., (Nasdaq:SONN), formerly known as Chanticleer Holdings, Inc., (the “Company”), a biopharmaceutical company developing innovative, targeted biologic drugs with enhanced single or bispecific mechanisms of action, today announced that its merger with Sonnet BioTherapeutics, Inc. (“Sonnet”) closed April 1, 2020. The combined company will operate under the name Sonnet BioTherapeutics Holdings, Inc., and its shares will commence trading on the Nasdaq Capital Market on April 2, 2020, under the ticker symbol “SONN”.
Chanticleer Holdings, Inc. (BURG) (the “Company” or “Chanticleer”), owner, operator and franchisor of multiple nationally-recognized restaurant brands, today announced that it will effect a 1-for-26 reverse stock split of its outstanding common stock. The reverse stock split will be effective for trading purposes as of the commencement of trading on Thursday, April 2, 2020. Chanticleer also announced today that the Nasdaq Stock Market has approved the continued listing of Sonnet BioTherapeutics Holdings, Inc. on the Nasdaq Capital Market following its merger with Chanticleer, which is expected to close tomorrow, April 1, 2020.
All stockholders of record as of the close of business on March 26, 2020 that hold shares in Chanticleer are eligible for one share of the spin-off entity, Amergent Hospitality Group, Inc. (“Amergent”), for each share of Chanticleer owned at that time. Amergent is a newly formed entity owned by Chanticleer stockholders independent of Sonnet.
On March 18, 2020, Chanticleer Holdings, Inc. (“Chanticleer”) held a special meeting of shareholders (the “Special Meeting”) at which all proposals voted on at the Special Meeting were approved by the shareholders of Chanticleer. Importantly, shareholder approval now allows for both us and Sonnet BioTherapeutics, Inc. to move forward with the closing of our proposed merger transaction and the spin-off of Chanticleer’s restaurant business.
In connection with the proposed merger between Sonnet and Chanticleer Holdings, Inc. (“Chanticleer”), Chanticleer has filed relevant materials with the Securities and Exchange Commission, or the SEC, including a registration statement on Form S-4 that has been filed and contained a proxy statement/prospectus/information statement, and which registration statement was declared effective on February 11, 2020. A definitive proxy statement/prospectus/information statement was filed on February 11, 2020 and was mailed to stockholders on February 14, 2020.
CHARLOTTE, N.C., Feb. 14, 2020 -- Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized.
Chanticleer holdings stockholders of record as of the close of business on the record date will be entitled to vote their shares at the special meeting either in person or by proxy. The closing of the Business Combination is subject to approval by Chanticleer’s stockholders and the satisfaction of other customary closing conditions and is expected to close in the first quarter of 2020.
CHARLOTTE, N.C., Nov. 14, 2019 -- Chanticleer Holdings, Inc. (NASDAQ: BURG) (“Chanticleer,” or the “Company”), owner, operator and franchisor of multiple branded restaurants in.
Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands, today announced that in connection with the previously announced spin-off of its restaurant operations that is expected to occur in connection with the closing of its previously announced merger (“Merger”) with Sonnet BioTherapeutics (“Sonnet”), the spin-off entity intends to apply for trading of its shares of its common stock on the OTC Markets OTCQB Exchange. As part of its previously announced merger, Chanticleer will spin-off its current restaurant operations into a newly created entity to be owned by the current Chanticleer stockholders. Although the spin-off entity intends to eventually apply for listing of its shares on the Nasdaq Stock Market, the new entity will need to initially trade its shares on the OTC Market following the spin-off.
In a good economy, restaurant stocks are usually good bets. And there are some in this sector that are doing very well and are worth considering. I wrote about one in particular last week.But a rising tide doesn't lift all boats. And some restaurant stocks are having a tough go of it now.Consumer spending seems to be slowing, and a global slowdown -- if not recession -- is looming. Ultimately, I think the U.S.consumer is going to be fine, a distinction I'm careful to make for Growth Investor. But nonetheless, these stocks are going to feel it as consumers become choosier about where they spend their money when they go out.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Penny Stocks to Buy These seven restaurant stocks to leave on your plate are all rated "D" or "F" in my Portfolio Grader -- and that's during relatively good times. If things get worse or even stay the same, they're going to see more trouble from healthier competition and choosier diners. Restaurant Stocks to Buy: Fiesta Restaurant Group (FRGI)Source: Philip Lange / Shutterstock.com Fiesta Restaurant Group (NASDAQ:FRGI) is a Texas-based chain of Caribbean-inspired restaurants -- Pollo Tropical and Taco Cabana -- and it is very popular in southern Florida where it began, as well as Texas.But the problem is, it is having a tough time expanding. It recently announced it was shuttering its operations in Atlanta, closing all nine Pollo Tropical locations in the area.This is never a good sign. It signals that the company is either having a tough time competing against established restaurants in the area or that management didn't have the right go-to-market strategy. Or both.Either way, this isn't helping the company. The stock is off 70% in the past year, and just reported another quarter of weak earnings. I've been warning about this stock for a while now. Potbelly (PBPB)Source: Ken Wolter / Shutterstock.com Potbelly (NASDAQ:PBPB) started in a Chicago neighborhood in 1977, when a husband and wife started selling sandwiches to customers of their antique shop.In the 1990s an entrepreneur saw an opportunity. He bought the shop and started a chain of restaurants to carry the idea to the rest of the U.S. -- and then beyond. Now PBPB has nearly 475 stores in the U.S. as well as in Canada, the United Arab Emirates, United Kingdom, Kuwait and India.The problem is, it likely has grown too fast, a problem with many chains. And no big company has come in to buy it out. Plus it has significant competition in the fresh hot sandwich market, including the biggest food chain in the world, Subway. * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) Since 2017, PBPB stock has been in decline and that decline sped up in 2019 as earnings and revenue have disappointed investors for a year. All in all, it's not a business model that would tempt me; I see much better options out there. The stock is off 72% in the past year and the chart isn't looking like a comeback is in sight. Carrols Restaurant Group (TAST)Source: Savvapanf Photo / Shutterstock.com Carrols Restaurant Group (NASDAQ:TAST) is an interesting restaurant company. It doesn't actually have a brand. It owns franchises of Burger King and Popeyes restaurants.Currently, it owns 1,010 Burger Kings and 55 Popeyes in 23 states. It brings in about $1.3 billion in revenue every year, so it's a big organization. But Burger King and Popeyes are owned by Restaurant Brands International (NYSE:QSR). TAST simply buys franchises and runs them.This can be good business in a strong economy. In today's economy, it's best to be QSR since it simply receives fees from its franchises and isn't exposed to the market conditions like rising worker costs and lower sales.The stock is off 52% in the past year, and doesn't look like it's headed up anytime soon. BJ's Restaurants (BJRI)Source: David Tonelson / Shutterstock.com BJ's Restaurants (NASDAQ:BJRI) is kind of an American-style pub experience. That means it's everything on a bigger scale. The restaurants -- BJ's Restaurant & Brewhouse, BJ's Pizza and Grill and BJ's Grill -- are big as are their selections of beers and fast-casual dining options.Its Southern California spin on the brew house experience was its unique selling point, but there are many other competitors in this space that are local, regional and national competitors.And that is starting to show up in BJRI's numbers. The third quarter was tough for a lot of restaurants, but BJRI doesn't have the cushion that others do. The stock is off 50% in the past year, and growth as well as same-store sales will be challenging. * 7 Beverage Stocks to Buy Now Again, you want to see a business that's hard to duplicate (or beat). And sometimes, you have to invest early in a theme to find them. I'm seeing that opportunity in another corner of the market that may surprise you. Chanticleer Holdings (BURG)Source: QualityHD / Shutterstock.com Chanticleer Holdings (NASDAQ:BURG) has owned and operated franchise restaurants since its inception in 2005.Perhaps its best-known brand is Hooters. It has also franchised some boutique burger restaurants along the way, like BGR, Little Big Burger and American Burger Co.The trouble is, Hooters isn't exactly the kind of growth brand it was a decade or two ago. It may work in some markets -- and BURG also has international franchises -- but it's not exactly a concept that draws attention any longer. And upscale burger joints have flooded the market.Even more telling regarding its prospects is the fact that BURG recently did a reverse merger with a privately held biotech firm that specializes in cancer research.That's never a good sign.The stock is off 68% in the past year and it's likely that this odd pivot is its last gasp, rather than a new beginning. Noodles & Company (NDLS)Source: Ken Wolter / Shutterstock.com Noodles & Company (NASDAQ:NDLS) is a national chain that started with a menu focused on noodle dishes from around the world. Who doesn't like noodles, right?When they first opened they were very popular, especially with finicky kids. But then the age of gluten-free eating hit and NDLS was a focused gluten purveyor. That became a challenge.Fortunately, the chain has pivoted to veggie noodles and now, cauliflower noodles.Its Q2 earnings and revenue numbers were solid. But it really doesn't have a real growth market left, so it's in survival mode. Same-store sales were in line with expectations, but as we enter a slowing economy, it's going to be tough to keep the growth going. * 10 Hot Stocks Staging Huge Reversals NDLS stock is off 61% in the past year and this knife is still falling. Sometimes, even if you see decent fundamentals, you have to stay away when the trend is against you. Momentum is a must for the stocks I'd recommend for Growth Investor. Domino's Pizza (DPZ)Source: Ken Wolter / Shutterstock.com Domino's Pizza (NYSE:DPZ) is certainly one of the most famous fast food brands out there. And it is another company that has seen many years of dominance in its sector.But again, the gluten-free trends and healthy eating styles that pervade the market now are having an effect on business. Plus, DPZ is constantly challenged by price wars from national competitors and significant local competition in most markets.And it's difficult for DPZ to pivot. This makes it a challenge for prospective franchisees. They see healthy alternative fast-casual restaurants and a pizza chain known more for quick delivery than quality products.This is not the pizza of Gen X or Gen Z. And while it may stay top of the pizza chain heap, that heap is getting smaller.DPZ stock is stuck in lower highs and lower lows. It's off about 0.5% in the past 12 months, but it's still carrying a trailing price-to-earnings ratio around 28.At the end of the day, restaurants are a low-margin business. That makes it very tough for restaurant stocks to deliver (so to speak) the earnings as well as operating margins I'm looking for.That's why I'm looking elsewhere for growth plays. One of my favorites is a tech trend that is already bigger and deeper than most people realize. "The Mother of All Technologies"Up until now, technologies have certainly made our lives easier and more efficient … but with a lot of room for human error. People trip over cords, spill their coffee and get tired.Artificial intelligence does not.If that sounds futuristic, well then, the future is already here. If you use apps like Netflix (NASDAQ:NFLX), TurboTax, QuickBooks, Zillow (NASDAQ:Z) or even an email spam filter, then AI is already helping your day run more smoothly. And as scientists find even more applications for artificial intelligence -- from healthcare to retail to self-driving cars -- it's incredible to imagine how much data will be involved.To create AI programs in the first place, tech companies must collect vast amounts of data on human decisions. Data is what powers every AI system.So any one company that can help with customers' data issues is the one company that's most worth investing in.You don't need to be an expert to take part. I'll tell you everything you need to know, as well as my "buy" recommendation, in Growth Investor. My No. 1 stock for the AI trend is still under my buy limit price -- so you'll want to sign up now. Get in while it's still cheap.Click here for a free briefing on this groundbreaking innovation.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post 7 Restaurant Stocks to Leave on Your Plate appeared first on InvestorPlace.
Chinese developer Oceanwide stopped construction on a 54-story tower in downtown San Francisco slated to house a Waldorf Astoria hotel and 156 residences, the developer said Wednesday, after months of speculation about the project's status. The 600-foot tower is part of the $1.6 billion Oceanwide Center, a two-tower development under construction at First and Mission streets across from Salesforce Tower. "In light of local market changes and economic uncertainties, Oceanwide has determined that a realignment of the work scope on the Oceanwide Center Project is necessary to keep the project sustainable," the developer said in a statement. The developer, an affiliate of publicly traded Oceanwide Holdings Co. Ltd., said the hotel development site is not for sale but declined to elaborate.
Chanticleer Holdings, Inc. (BURG) and Sonnet BioTherapeutics, Inc., a privately-held clinical stage biopharmaceutical company developing innovative targeted biologic drugs, announced today they have entered into a definitive merger agreement under which the shareholders of Sonnet will become the majority owners of Chanticleer’s outstanding common stock as more fully described below upon the closing of the merger. Subject to shareholder approval by both Chanticleer and Sonnet and approval of the Nasdaq Stock Market, the proposed merger will result in a publicly-traded company operating under the Sonnet name under the proposed Nasdaq ticker symbol “SONN” that will focus on advancing Sonnet’s pipeline of oncology candidates and the strategic expansion of Sonnet’s technology platform into other human diseases.
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Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands today announced that it will be presenting at the 2019 Disruptive Growth Conference on Thursday, September 5th at 5:00 PM EST. Mike Pruitt, CEO of Chanticleer will be presenting, as well as meeting with investors. The 2019 Disruptive Growth Conference will offer the exclusive opportunity to discover growth companies with disruptive technologies and business models covering the following sectors: communications, consumer, energy/alternative energy, healthcare, industrial, life sciences, natural resources, and technology.
Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands today announced that it has entered in to a non-binding letter of intent for the sale of its South Africa Hooters locations. The purchase price is $1,065,000 which is expected to result in net proceeds of approximately $360,000 to Chanticleer. Net working capital of the Company’s consolidated financial statements is expected to improve by approximately $750,000 - $900,000 after the sale. Chanticleer will retain a 50% interest in the gambling portion of the South Africa Hooters business.
Yum China (YUMC) relies on acquisitions to drive revenues. To this end, it recently acquired a controlling interest in Huang Ji Huang for digging deep into the Chinese dining space.
CHARLOTTE, N.C., Aug. 14, 2019 -- Chanticleer Holdings, Inc. (NASDAQ: BURG) (“Chanticleer,” or the “Company”), owner, operator and franchisor of multiple branded restaurants in.
CHARLOTTE, N.C., Aug. 09, 2019 -- Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized.
Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands, today announced that its franchise partner has opened its second and newest Burgers Grilled Right (“BGR”) location in Kuwait. The BGR restaurant is owned and operated by Master Franchise Operator Al Bassamiah, whose principal owner is Nasser Al Mutair. This location is part of a 35-unit Master Franchise agreement covering four Gulf Coast countries.
Chanticleer (BURG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands, today announced that its Little Big Burger brand has launched an app and loyalty platform. Fred Glick, Chanticleer Holdings president, stated, “The new Little Big Burger mobile application features rewards, VIP tiers, and in-app ordering, customized around 8000 consumer interviews on what they want from a loyalty program at LBB, BGR and ABC.
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