Insider Selling: Emanuel N. Hilario Sells 1,020 Shares of Einstein Noah Restaurant Group Stock (BAGL)
Einstein Noah Restaurant Group (NASDAQ:BAGL) COO Emanuel N. Hilario sold 1,020 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $15.50, for a total value of $15,810.00. Following the sale, the chief operating officer now directly owns 10,050 shares of the company’s stock, valued at approximately $155,775. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Einstein Noah Restaurant Group (NASDAQ:BAGL) traded up 1.65% on Wednesday, hitting $14.82. 33,139 shares of the company’s stock traded hands. Einstein Noah Restaurant Group has a 52-week low of $13.66 and a 52-week high of $18.30. The stock’s 50-day moving average is $15.28 and its 200-day moving average is $15.57. The company has a market cap of $265.6 million and a price-to-earnings ratio of 18.50.
Einstein Noah Restaurant Group (NASDAQ:BAGL) last announced its earnings results on Thursday, May 1st. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.03. The company had revenue of $109.90 million for the quarter, compared to the consensus estimate of $107.43 million. During the same quarter last year, the company posted $0.14 earnings per share. Einstein Noah Restaurant Group’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Einstein Noah Restaurant Group will post $0.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Thursday, May 29th.
BAGL has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Einstein Noah Restaurant Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 29th. They now have a $14.90 price target on the stock.
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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