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Einstein Noah Restaurant Group Stock Upgraded (BAGL)

NEW YORK (TheStreet) -- Einstein Noah Restaurant Group (Nasdaq:BAGL) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 5.5%. Since the same quarter one year prior, revenues slightly increased by 0.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • EINSTEIN NOAH RESTAURANT GRP's earnings per share declined by 14.3% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, EINSTEIN NOAH RESTAURANT GRP reported lower earnings of $0.66 versus $4.32 in the prior year. This year, the market expects an improvement in earnings ($0.79 versus $0.66).
  • BAGL's debt-to-equity ratio of 0.96 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 0.45 is very low and demonstrates very weak liquidity.

Einstein Noah Restaurant Group, Inc. owns, operates, franchises, and licenses bagel specialty restaurants in the United States. The company operates and licenses locations primarily under the Einstein Bros. The company has a P/E ratio of 18.6, above the average leisure industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 17.7. Einstein Noah Restaurant Group has a market cap of $209 million and is part of the services sector and leisure industry. Shares are down 7.7% year to date as of the close of trading on Wednesday.

You can view the full Einstein Noah Restaurant Group Ratings Report or get investment ideas from our investment research center.

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