This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Stocks Hit 52-Week Highs: US Airways, PetSmart

Stocks in this article: LCC BOBE PETM

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player


"We believe PETM continues to improve with innovation and differentiation to drive sales productivity and we are impressed by the cash-generating capabilities of the model," JPMorgan analysts wrote in a report Wednesday. "The management team is focused on the right strategies and remains shareholder-friendly in terms of capital allocation. While we believe the hardgoods recovery will lag the economic recovery, the biggest impediment is price as we believe the stock is largely reflective of the company's strong execution. As such we'd be more attracted on dips as we see this as a stable, well-run company that will consistently generate cash and return that to shareholders largely through buybacks."

Shares of PetSmart hit a 52-week high Thursday of $64.38. The stock's 52-week low of $37.76 was set on Aug. 8.

PetSmart has a forward P/E of 17.47; the average for specialty retailers is 14.82.

Fourteen of the 24 analysts who cover PetSmart rated it hold; 10 analysts gave the stock a buy rating.

The stock has risen 24.44% year to date.

Bob Evans

"We maintain our Hold rating on Bob Evans Farms (BOBE) as the company embarks on its new fiscal year (FY13)," Miller Tabak analysts wrote in a May 14 report. "We think the top line at the core Bob Evans concept is likely to continue positive momentum in FY13 thanks to a greater contribution from renovated units and incremental--albeit modest--new unit expansion. We also assume slightly lower sow costs will lift profitability, particularly in the Food Products division. However, we forecast FY13 will be another year of comp declines at Mimi's Café as we do not see a catalyst for a turnaround, and we still do not rule out a potential sale of Mimi's. We raise our fair value estimate to $43 (from $37) as we model sales growth in the core Bob Evans restaurant concept and Food Products division, the change in our base valuation year to FY14, and the possibility of a private equity investment, though our view remains tempered by limited visibility at Mimi's Café."

Shares of Bob Evans hit a 52-week high of $40.75. The stock's 52-week low of $27.41 on Oct. 4.

Bob Evans' forward P/E is 15.12; the average for restaurant and bar companies is 16.42. For comparison, Wendy's (WEN) has a higher forward P/E of 22.44.

Analysts were split on Bob Evans with two giving the stock a buy rating and another two rating it hold.

The stock has risen 20.63% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to:

>To follow the writer on Twitter, go to Alexandra Zendrian.

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs