StreetInsider.com After-Hours Movers 08/16

August 16, 2007 6:27 PM EDT

StreetInsider.com After-Hours Movers:

RARE Hospitality International, Inc. (Nasdaq: RARE) 33.6% HIGHER: Darden Restaurants, Inc. (NYSE: DRI) will make a tender offer to purchase RARE\'s outstanding common stock for $38.15 per share in cash, or approximately $1.4 billion in total purchase price. RARE closed at $27.14 per share today.

Wild Oats (Nasdaq: OATS) 19% HIGHER; Whole Foods gets judge\'s clearance to buy Wild Oats.

Zygo Corporation (Nasdaq: ZIGO) 13% LOWER; reports Q4 EPS of $0.20, 2 cents worse than estimate. Revenues came in at $46.5 million, versus the consensus of $48.1 million. The Company also announced that its Board of Directors authorized the repurchase of up to $25.0 million of the Company\'s outstanding common stock.

Sharper Image Corp. (Nasdaq: SHRP) 10% HIGHER; Recovers after falling 32% today after addressing media reports. The company said it has adequate funding to execute its operating and strategic plans.

Whole Foods (Nasdaq: WFMI) 7% HIGHER; Whole Foods gets judge\'s clearance to buy Wild Oats.

Leucadia National Corp. (NYSE: LUK) 2.5% HIGHER; will replace KeySpan Corp. (NYSE: KSE) in the S&P 500

Life Time Fitness Inc. (NYSE: LTM) 1.7% HIGHER; will replace Leucadia in the S&P MidCap 400, after the close of trading on Friday, August 24

Hewlett-Packard (NYSE: HPQ) 1% HIGHER; reports Q3 Non-GAAP EPS of $0.71, 5 cents better than estimates.(0.66) Revenues were $25.38 billion vs. $24.09 billion consensus. Positive guidance.

Red Robin Gourmet Burgers Inc. (Nasdaq: RRGB) INDICATED HIGHER; reports Q4 EPS of $0.51 (ex-items and charges), vs. consensus of $0.43. Revenues were $178.6 million vs. $174.99 million consensus. For the full year 2007, the Company expects revenues of $760 to $772 million, including an expected comparable restaurant sales increase of approximately 2% to 3.5%. Net income is expected to be between $1.65 and $1.76 per diluted share on a GAAP basis which includes a $0.07 per diluted share charge related to reacquired franchise costs, a $0.01 per diluted share charge for acquisition related integration expenses, a $0.07 per diluted share charge related to the settlement of the California wage and hour lawsuits, and a $0.28 to $0.30 per diluted share impact for stock compensation expense. (FY revenue consensus is $760.14 million and EPS consensus is $1.87)

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