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Morning Market Losers
Wednesday, August 24, 2011 - 9:51am | 94Pacific Sunwear of California Inc (NASDAQ: PSUN) fell 38.25% to $1.34 at 9:50 am. PSUN issued downbeat Q3 forecast. Inphi Corporation (NYSE: IPHI) shares lost 27.52% to $7.61. IPHI lowered its second-half forecast. United Therapeutics Corporation (NASDAQ: UTHR) shares dipped 18.15% to $39.91....
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Benzinga's Top Pre-Market Losers
Wednesday, August 24, 2011 - 7:48am | 111Starbucks Corporation (NASDAQ: SBUX) fell 4.55% to $35.06 in the pre-market trading. SBUX shares have surged 60.96% over the past 52 weeks, while the S&P 500 index has gained 10.50% in the same period. Oracle Corporation (NASDAQ: ORCL) dipped 1.64% to $25.77 in the pre-market session. Oracle...
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Notable Call Options Activity in The Wendy's Company
Tuesday, August 23, 2011 - 10:17am | 88Shares of The Wendy's Company (NYSE: WEN) are higher on the session by 0.85%, currently trading at $4.72. The stock has been moving largely lower over the past two months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the February...
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O'Charley's Inc. Reports Resignation of O'Charley's Concept President
Monday, August 22, 2011 - 4:30pm | 52O'Charley's Inc. (NASDAQ: CHUX) today announced that Wilson L. Craft, O'Charley's Concept President, has resigned to pursue other opportunities. O'Charley's, Inc. President and CEO David W. Head will serve as interim Concept President while the Company conducts a nationwide search to fill the...
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Carrols Corporation Announces Completion of Its Tender Offer and Consent Solicitation for Its Outstanding 9% Senior Subordinated Notes Due 2013
Monday, August 22, 2011 - 4:01pm | 136Carrols Restaurant Group, Inc. (NASDAQ: TAST) announced today the completion of Carrols Corporation's tender offer and consent solicitation for its 9% Senior Subordinated Notes due 2013. On August 5, 2011, Carrols accepted for purchase and payment $118,366,000 of the Notes that were validly...
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Benihana Sends Letter to Stockholders
Friday, August 19, 2011 - 5:00pm | 62Benihana (NASDAQ: BNHN) today sent a letter to stockholders urging them to vote in favor of the proposal to reclassify each share of the Company's Class A Common Stock into one share of Common Stock. Read the complete letter here.
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UPDATE: Morgan Keegan Upgrades Chipotle Mexican Grill from Perform to Outperform
Friday, August 19, 2011 - 9:25am | 93Morgan Keegan has published a research report on Chipotle Mexican Grill (NYSE: CMG) upgrading the stock to Outperform. In the report, Morgan Keegan wrote, "Following its recent pullback, we are upgrading Chipotle Mexican Grill to Outperform from Market Perform. While CMG's share price is likely to...
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Goldman Sachs Maintains Buy on Mcdonald's
Friday, August 19, 2011 - 9:12am | 98Goldman Sachs is out with its report today on McDonald's (NYSE: MCD), maintaining Buy. In its report, Goldman Sachs writes, "We see the company as well-positioned in the current environment: (1) We have found little statistical correlation between MCD results and the macro, (2) MCD is executing...
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Texas Roadhouse $50M Increase in Stock Repurchase Authorization
Friday, August 19, 2011 - 8:44am | 80Texas Roadhouse, Inc.'s (Nasdaq: TXRH) announced today that on August 18, 2011 its Board of Directors approved a $50.0 million increase in the Company's stock repurchase program. Any repurchase will be made through open market transactions. The timing and the amount of any repurchases will be...
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Morgan Keegan Upgrades Chipotle Mexican Grill To Outperform, $330 PT
Friday, August 19, 2011 - 8:08am | 27Morgan Keegan has upgraded Chipotle Mexican Grill (NYSE: CMG) from Market Perform to Outperform and maintains its $330 price target.
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BGB Securities Reiterates AFC Enterprises Buy
Thursday, August 18, 2011 - 12:57pm | 100BGB Securities reiterated its AFC Enterprises (NASDAQ: AFCE) Buy rating in a research report published today. BGB Securities has previously given AFC Enterprises a $21 price target. In the report, BGB Securities states, "Adj. EPS in 2Q11 was $0.23, up from $0.21 last year, but $0.02 below our $0....
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Market Update
Thursday, August 18, 2011 - 9:32am | 156Shares of Huntington Bank (NASDAQ: HBAN) dropped about 2.8% as the company named Helga Houston as the bank's chief risk officer. Shares of Hewlett-Packard Company (NYSE: HPQ) dropped about 4% as the company is all set to report its quarterly earnings today. HPQ is projected to report its Q3 EPS at...
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Caribou Coffee Announces Pricing of 5.15M Share Offering By Selling Shareholder At $14.25
Thursday, August 18, 2011 - 8:39am | 100Caribou Coffee Company, Inc. (NASDAQ: CBOU) today announced that the underwritten public offering of 5,150,000 shares of its common stock held by its major shareholder, Caribou Holding Company Limited, an affiliate of Arcapita Bank B.S.C., has been priced at $14.25 per share. The selling...
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Benihana Q2 First Four Week Comparable Sales Up 6.1%
Thursday, August 18, 2011 - 8:35am | 165Benihana Inc. (NASDAQ: BNHN) today reported total restaurant sales and comparable restaurant sales for the first four-week period (July 18, 2011 – August 14, 2011) of the second fiscal quarter of 2012. The announcement marks the Company's nineteenth consecutive four-week period of comparable...
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Texas Roadhouse Announces Management Changes; W. Kent Taylor to Resume the Role as CEO
Thursday, August 18, 2011 - 8:06am | 189Texas Roadhouse, Inc, (Nasdaq: TXRH) today announced executive management changes at the Company, effective today, August 18, 2011. W. Kent Taylor will resume the role as Chief Executive Officer of the Company, a position he held between May 2000 and October 2004. Prior to being named Chief...