Morning Movers 9/2: BKC, SCMR, HWD, PIR, MPEL, JWN, CRME, UTIW, ZUMZ, JACK, WEN, PAR Higher; MOV, MATK, PSS, AZPN, ANF, CGA, TSN Lower

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BKC Hot Sheet

Overall Analyst Rating:
NEUTRAL (= Flat)

Burger King Holdings Inc. (NYSE: BKC) 24% HIGHER; agrees to be acquired by 3G Capital for $24 per share.

Sycamore (Nasdaq: SCMR) 20.1% HIGHER; reports Q4 adjusted EPS of $0.05, 14 cents better than the analyst estimate of ($0.09). Revenue for the quarter was $22.2 million, which compares to the estimate of $15.00 million.

Harry Winston Diamond Corporation (NYSE: HWD) 15.5% HIGHER; reports Q2 EPS of $0.22, versus the analyst estimate of $0.04. Revenue for the quarter was $153.7 million, compared to $94.8 million in Q209.

Pier 1 Imports Inc. (NYSE: PIR) 11.5% HIGHER; August comps up 11.2%. Sees Q2 EPS of $0.10-$0.12, versus the consensus of $0.08.

Movado Group Inc. (NYSE: MOV) 10.2% LOWER; reports Q2 adjusted loss of $0.04, versus the analyst estimate of ($0.01). Revenue for the quarter was $85.4 million, which compares to the estimate of $90.57 million. Sees FY11 adjusted loss of $0.12 to an EPS of $0.08. Consensus sees an EPS of $0.03.

Melco Crown Entertainment Ltd. (Nasdaq: MPEL) 9.7% HIGHER; Upgraded to Overweight at Morgan Stanley

Nordstrom Inc. (NYSE: JWN) 7.8% HIGHER; August comps up 3.5%, versus the consensus of $2.8$

Cardiome Pharma Corp. (Nasdaq: CRME) 7.3% HIGHER; the company and Merck announced that intravenous (IV) formulation of BRINAVESS (vernakalant) has been granted marketing approval in the European Union (EU), Iceland, and Norway.

UTi Worldwide Inc. (Nasdaq: UTIW) 6.5% HIGHER; reports Q2 EPS of $0.19, 2 cents better than the analyst estimate of $0.17. Revenue for the quarter was $1.15 billion, which compares to the estimate of $1.08 billion.

Martek Biosciences Corporation (Nasdaq: MATK) 6.3% LOWER; reports Q3 EPS of $0.38, 2 cents better than the analyst estimate of $0.36. Revenue for the quarter was $117.2 million, which compares to the estimate of $115.56 million..

Collective Brands (NYSE: PSS) 5.7% LOWER; reports Q2 EPS of $0.32, versus the analyst estimate of $0.46. Revenue for the quarter was $841.3 million, which compares to the estimate of $863.27 million.

Zumiez, Inc. (Nasdaq: ZUMZ) 5.6% HIGHER; SSS up 9.1%, versus the consensus of 7.5%. Upgraded to Buy at Caris.

Jack in the Box Inc. (Nasdaq: JACK) 5.6% HIGHER moving in sympathy with the takeover of Burger King (NYSE: BKC).

Aspen Technology Inc. (Nasdaq: AZPN) 5.5% LOWER; reports Q4 loss of $0.37, versus the analyst estimate of ($0.22). Revenue for the quarter was $38.2 million, which compares to the estimate of $44.81 million.

China Green Agriculture, Inc. (NYSE: CGA) 5% LOWER; giving up intra-day gains following earnings reported just before the close.

Abercrombie & Fitch Co. (NYSE: ANF) 4.3% LOWER; August comps up 6%, versus the consensus of up 5.8%.

Wendy's/Arby's (NYSE: WEN) 4.6% HIGHER Up in sympathy with Burger King, which is getting acquired.

Tyson Foods Inc. (NYSE: TSN) 2.8% LOWER; Yesterday China imposed anti-subsidy duties for five years on imports of U.S. chicken.

3PAR, Inc. (NYSE: PAR) 2.2% HIGHER; HP (NYSE: HPQ) raised its bid to $33 per share, topping a raised $32 bid from Dell (Nasdaq: DELL)

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