Jefferies Assumes Einstein Noah Restaurant (BAGL) at Buy

Jefferies assumes coverage on Einstein Noah Restaurant (NASDAQ: BAGL) with a Buy. PT $17.00.

The firm comments, "We are buyers of BAGL as we believe current estimates do not reflect the building health of the development pipeline, meaningful new product news & more impactful cost efficiencies emerging in 2012. While the current valuation reflects the stock’s illiquidity & N-T caution surrounding sluggish SSS in an uncertain external environment, we think BAGL represents a compelling value opportunity."

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 $14.09 yesterday.

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