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Jefferies Boosts Numbers on Einstein Noah (BAGL) After Strong Q1, Strategic Alternatives Review

May 4, 2012 8:27 AM EDT Send to a Friend
Get Alerts BAGL Hot Sheet
Price: $14.23 +0.35%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 11
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Jefferies boosted estimates and its price target on Einstein Noah Restaurant (NASDAQ: BAGL) following Q1 results and news the company is exploring strategic alternatives.

The firm raised Q1 EPS from $0.20 to $0.24, FY12 from $0.93 to $1.15 and FY13 from $1.11 to $1.41.

The firm comments, "BAGL is an attractive way to gain exposure to the Fast Casual segment in a lower-risk biz model (predictability of being nearly 50% franch/lic). In addition to potential upside in '12 related to SSS drivers, we think '13 is shaping up well, with a growing development pipeline & biz that is on-track to deliver 10% sys gr starting as soon as '12."

For an analyst ratings summary and ratings history on Einstein Noah Restaurant click here. For more ratings news on Einstein Noah Restaurant click here.

Shares of Einstein Noah Restaurant closed at $14.04 yesterday.




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