BGB Securities Reiterates Frisch's Restaurants Buy, $29 PT

BGB Securities reiterated its Frisch's Restaurants FRS Buy rating and $29 price target in a research report published today. In the report, BGB Securities states, "Big Boy same-store sales rose 0.5% in 4Q11 while Golden Corral same-store sales declined 3.6% in the quarter. Earnings were impacted by higher commodity costs and high unemployment levels in the company's footprint." Shares of Frisch's Restaurants were trading at $22.02 at the time of posting, down 1.83% from Monday's market close.