Einstein Noah Restaurant Group (NASDAQ: BAGL) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
The analysts wrote, “Einstein Noah Restaurant Group (BAGL) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins.”
BAGL has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Einstein Noah Restaurant Group in a research note to investors on Friday. They now have a $17.00 price target on the stock, up previously from $16.00. Separately, analysts at Zacks downgraded shares of Einstein Noah Restaurant Group from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 15th. They now have a $11.90 price target on the stock.
Two equities research analysts have rated the stock with a buy rating, one has given an overweight rating, and three have issued a hold rating to the stock. The company currently has a consensus rating of “overweight” and a consensus price target of $17.17.
Einstein Noah Restaurant Group traded up 0.64% on Monday, hitting $14.24. Einstein Noah Restaurant Group has a 52-week low of $11.45 and a 52-week high of $18.58. The stock’s 50-day moving average is currently $13.. The company has a price-to-earnings ratio of 19.12.
Einstein Noah Restaurant Group last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.01. The company had revenue of $110.60 million for the quarter, compared to the consensus estimate of $111.02 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts predict that Einstein Noah Restaurant Group will post $1.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, February 27th.
Einstein Noah Restaurant Group, Inc. operates under the Einstein Bros. Bagels (Einstein Bros.), Noah’s New York Bagels (Noah’s) and Manhattan Bagel Company (Manhattan Bagel) brands.
To view TheStreet’s full report, visit www.thestreetratings.com
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