Insider Selling: Michael K. Ellis Unloads 13,000 Shares of Einstein Noah Restaurant Group Stock (BAGL)
Einstein Noah Restaurant Group (NASDAQ:BAGL) Insider Michael K. Ellis sold 13,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $14.66, for a total value of $190,580.00. Following the completion of the transaction, the insider now directly owns 14,066 shares in the company, valued at approximately $206,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Einstein Noah Restaurant Group (NASDAQ:BAGL) traded up 0.07% during mid-day trading on Thursday, hitting $14.63. The stock had a trading volume of 22,774 shares. Einstein Noah Restaurant Group has a 52-week low of $14.09 and a 52-week high of $18.30. The stock’s 50-day moving average is $15.51 and its 200-day moving average is $15.56. The company has a market cap of $262.9 million and a price-to-earnings ratio of 19.81.
Einstein Noah Restaurant Group (NASDAQ:BAGL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.05. The company had revenue of $112.40 million for the quarter, compared to the consensus estimate of $112.16 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Einstein Noah Restaurant Group will post $0.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Monday, September 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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