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Einstein Noah Restaurant (BAGL) in Focus: Stock Falls by 4.9%
June 04, 2014
Einstein Noah Restaurant Group, Inc. saw a big move last session, as the company’s shares fell about 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BAGL, as the stock is now down nearly 5% in the past one-month time frame.
The company which is in the restaurant industry space has seen a mixed track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
BAGL currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.
Some better-ranked stocks in the same sector include Burger King Worldwide, Inc. , Carrols Restaurant Group, Inc. ( TAST - Snapshot Report) and Denny's Corporation ( DENN - Snapshot Report) . All these carry a Zacks Rank #1 (Strong Buy).
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