Einstein Noah Restaurant Group Rating Increased to Neutral at Zacks (BAGL)
Einstein Noah Restaurant Group (NASDAQ:BAGL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. The firm currently has a $16.60 target price on the stock. Zacks‘s price target would suggest a potential upside of 2.47% from the stock’s previous close.
Shares of Einstein Noah Restaurant Group (NASDAQ:BAGL) traded down 1.23% during mid-day trading on Wednesday, hitting $16.00. The stock had a trading volume of 75,037 shares. Einstein Noah Restaurant Group has a 1-year low of $14.09 and a 1-year high of $18.30. The stock has a 50-day moving average of $15.53 and a 200-day moving average of $15.56. The company has a market cap of $286.8 million and a P/E ratio of 20.56.
Einstein Noah Restaurant Group (NASDAQ:BAGL) last issued its quarterly earnings data 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. Analysts expect that Einstein Noah Restaurant Group will post $0.95 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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