Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
- Latest News
- Most Popular
- Hitting Home Runs & Grand Slams, Not Loud Outs
- RTI: Do Stocks Tank When QE Ends?
- 3 Top-Ranked Consumer ETFs to Buy Now
- This Week's Aggressive Growth Stocks
- Who Wants to Keep "Too Big to Fail" Alive?
- Debt-Ceiling Alarm Bell Tolls
- Avoid These 3 Eurozone ETFs This Summer
- RTI: When Will We Finally See a Pullback?
- Top Stocks with Big Potential Catch-Up Moves
- PFP 5/23: Do No Harm
- AWS 5/22: Will Bernanke Show His Hand?
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/22/2013
| Company Name | Symbol | %Change |
|---|---|---|
| ALLIANCE FIB | AFOP | 9.31% |
| SONIC FOUNDR | SOFO | 7.77% |
| VELTI PLC | VELT | 7.58% |
| TRI-TECH HOL | TRIT | 6.62% |
| AMR CORP | AAMRQ | 4.52% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Benihana Inc ( ) , the largest operator of Japanese restaurants in the U.S, posted restaurant sales of $24.9 million in the four-week period ending September 11, 2012, up 5.6% from $23.5 million delivered in the year-ago period.
The company’s comparable restaurant sales grew 6.7% in the second four-week period of the second quarter of 2012, representing the twentieth consecutive period of growth.
The upside in sales was primarily driven by improved comparable restaurant sales at both Benihana Teppanyaki and RA Sushi restaurants due to higher traffic. However, sales at the other 12 restaurants were hurt by Hurricane Irene. As a result, comps plunged by 0.7% for the period.
The comparable restaurant sales jumped 8.2% at Benihana Teppanyaki restaurants on the back of higher guest count (up 6.2%) resulting from theBenihana Teppanyaki Renewal Program. Moreover, same-store sales during the period leaped 5.9% at RA Sushi due to a 2.5% rise in traffic. Though comps at both the restaurants fell 0.2%, respectively, due to Hurricane Irene.
Comparable restaurant sales at Haru declined 1.6% as severe weather conditions affected all the 8 restaurants resulting in lower traffic of 5.4%. Excluding the impact of Irene, the comps were up 3.0%.
Store operating weeks during the period were 1.3% lower than the year-ago period.
The Miami-based company generates 99.5% of its revenues from restaurant sales (67% from Benihana Teppanyaki, 24% from RA Sushi and 9% from Haru) and the remaining 0.5% from franchise fees and royalties.
The company started the first four-week period of the second quarter on an encouraging note, but the second four-week period results decreased due to the Hurricane Irene. Hence, we believe that the company’s sales result for the second quarter will be below expectations. However, the company continues to undertake promotional and marketing initiatives to drive traffic.
Benihana operates 96 restaurants, including 63 Benihana Teppanyaki restaurants, 25 RA Sushi Bar restaurants and 8 Haru sushi restaurants. Additionally, the company has 18 franchised Benihana Teppanyaki restaurants, which are operational in the U.S., Latin America and the Caribbean.
We reiterate our long-term Neutral recommendation on the stock. Its prime competitors are McCormick & Schmick's Seafood Restaurants Inc. ( ) and P.F. Chang's China Bistro Inc. ( ) .