Insider Selling: Einstein Noah Restaurant Group Director Sells 12,978 Shares of Stock (BAGL)
Einstein Noah Restaurant Group (NASDAQ:BAGL) Director S Garrett Stonehouse sold 12,978 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $17.77, for a total transaction of $230,619.06. Following the transaction, the director now directly owns 2,646 shares of the company’s stock, valued at approximately $47,019. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Einstein Noah Restaurant Group from $18.00 to $19.00 in a research note to investors on Tuesday, August 20th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Einstein Noah Restaurant Group presently has a consensus rating of “Hold” and an average price target of $19.50.
Shares of Einstein Noah Restaurant Group (NASDAQ:BAGL) traded down 0.17% on Monday, hitting $17.92. The stock had a trading volume of 34,994 shares. Einstein Noah Restaurant Group has a one year low of $11.45 and a one year high of $18.13. The stock’s 50-day moving average is $17.1 and its 200-day moving average is $15.56. The company has a market cap of $311.6 million and a P/E ratio of 25.68.
Einstein Noah Restaurant Group (NASDAQ:BAGL) last announced its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. The company had revenue of $107.80 million for the quarter, compared to the consensus estimate of $110.62 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Einstein Noah Restaurant Group will post $0.92 EPS for the current fiscal year.
Einstein Noah Restaurant Group, Inc (NASDAQ:BAGL) is an owner/operator, franchisor and licensor of bagel specialty restaurants in the United States.
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