Jefferies Maintains a 'Buy' on Einstein Noah Restaurant (BAGL); EPS Beat with Growth Initiatives Warming
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Price: $20.23 --0%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Jefferies maintains a 'Buy' on Einstein Noah Restaurant (NASDAQ: BAGL) price target of $17.00.
Analyst, Alexander Slagle, said, "Operating EPS $0.39 vs our 0.35/consensus 0.34, as sequentially better SSS & extra week drove flow-through, while cost-save initiatives accelerate & offset food infl. Co/Fr SSS 0.8%/2.4% vs our 0.8%/2.0%. Stronger SSS & 10% unit growth are key drivers for the stock & continue to be moving ahead in-line w/ plan. We think this points to upside potential in 12 & 13 that is not reflected in current valuation or estimates."
"Based on the 4Q beat and continued SSS & development progress, we raised our 12/13 EPS to $0.93/$1.11 (from $0.90/1.08)."
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 $14.47 yesterday.
Analyst, Alexander Slagle, said, "Operating EPS $0.39 vs our 0.35/consensus 0.34, as sequentially better SSS & extra week drove flow-through, while cost-save initiatives accelerate & offset food infl. Co/Fr SSS 0.8%/2.4% vs our 0.8%/2.0%. Stronger SSS & 10% unit growth are key drivers for the stock & continue to be moving ahead in-line w/ plan. We think this points to upside potential in 12 & 13 that is not reflected in current valuation or estimates."
"Based on the 4Q beat and continued SSS & development progress, we raised our 12/13 EPS to $0.93/$1.11 (from $0.90/1.08)."
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 $14.47 yesterday.
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