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Bankruptcy Watch: 14 Risky Restaurant Stocks

O'Charley's (CHUX)

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Altman Z-Score, Trailing 12 Months: 2.12

Altman Z-Score, Last Fiscal Year: 2.12

O'Charley's (CHUX)

O'Charley's saw its Z-Score hold steady at 2.12 in the trailing 12 months, indicating that the casual dining chain has been able to maintain operations amid rising costs but has struggled to improve efficiency.

Still, O'Charley's, which operates restaurants under its namesake, Ninety Nine Restaurant and Stoney River Legendary Steaks brands, recently returned to profitability after posting six consecutive quarters of losses, thanks to higher guest traffic at all three brands.

Total sales fell 0.8% to $265 million while same-store sales increased 1.5%.

The company also forecast second quarter revenue between $190 million and $195 million, higher than the $188.2 million analysts had been expecting. It expects operating results to range from a loss of $1 million to earnings of $2 million.

O'Charley's had to close 16 underperforming stores to help contain costs.

At its remaining restaurants, the company pushed lower-priced entrees and value items in an effort to keep guests coming in the door despite a still-weak consumer environment.

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