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Benihana Inc. Names David Flanery Chief Financial Officer
Monday, August 15, 2011 - 8:31am | 84Benihana Inc. (NASDAQ: BNHN) today announced that it has hired David Flanery as Chief Financial Officer, effective immediately. Formerly Chief Financial Officer at Papa John's International Inc., Mr. Flanery will be based in Miami and report directly to Richard Stockinger, Chairman, President and...
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DineEquity Announces Share Repurchase Authorization of up to $45M
Monday, August 15, 2011 - 7:02am | 91DineEquity, Inc. (NYSE: DIN) today announced the approval by the company's board of directors of the repurchase of up to $45 million of the company's outstanding common stock. Under the program, DineEquity may repurchase shares on an opportunistic basis from time to time in open market transactions...
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Caribou Coffee Announces Offering of 5.15M Shares by Selling Shareholder
Monday, August 15, 2011 - 7:01am | 82Caribou Coffee Company, Inc. (NASDAQ: CBOU) today announced that a major shareholder, Caribou Holding Company Limited, an affiliate of Arcapita Bank B.S.C.(c), is offering for sale 5,150,000 shares of the Company's common stock in an underwritten public offering. The selling shareholder has also...
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UPDATE: Sterne Agee Upgrades Buffalo Wild Wings to Buy
Friday, August 12, 2011 - 9:20am | 97Sterne Agee is out with its report today on Buffalo Wild Wings (NASDAQ: BWLD), upgrading BWLD to Buy from Neutral. In its report, Sterne Agee writes, "We are upgrading shares of Buffalo Wild Wings from Neutral to BUY. The primary catalyst for upgrading the shares is the recent pullback which we...
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Sterne Agee Reiterates Buy on Red Robin Gourmet Burgers
Friday, August 12, 2011 - 8:38am | 54Sterne Agee reiterated its Buy rating on Red Robin Gourmet Burgers (NASDAQ: RRGB). At the moment, the rating agency has a price target of $40 placed on the company's stock. On Thursday, RRGB closed the day at $33.85. Its shares added 9.39% in today's pre-market trading to stand around $37.01.
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Miller Tabak Upgrades Panera Bread To Buy, Raises PT To $125
Friday, August 12, 2011 - 7:48am | 28Miller Tabak has upgraded Panera Bread (NASDAQ: PNRA) from Hold to Buy and has raised the price target from $118 to $125.
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Sterne Agee Upgrades Buffalo Wild Wings To Buy, $72 PT
Friday, August 12, 2011 - 7:39am | 27Sterne Agee has upgraded Buffalo Wild Wings (NASDAQ: BWLD) from Neutral to Buy and has established a $72 price target.
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Bank Of America Maintains Buy Rating On Red Robin
Friday, August 12, 2011 - 7:31am | 63According to Bank of America, Red Robin Gourmet Burgers (NASDAQ: RRGB) maintains Buy rating. Bank of America said that it continues to rate RRGB shares Buy with a $45 price objective. “The company's 2Q results surpassed expectations with EPS before one-time items of $0.48 exceeding our $0.38...
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J.P. Morgan Reports Decent Sales On Wendy's
Friday, August 12, 2011 - 7:23am | 99According to J.P. Morgan, Wendy's (NYSE: WEN) reported 2Q11 adjusted EBITDA of $89.4m (10% y/y decline) and adjusted EPS of $0.05 vs. $0.06 in 2Q10, in the first release post announced sale of Arby's. J.P. Morgan said that Wendy's comps were better than the 1% estimate, including both company and...
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UPDATE: Piper Jaffray Reiterates Underweight on Red Robin, Raises PT to $32
Friday, August 12, 2011 - 6:49am | 61Piper Jaffray reiterated its Underweight rating on Red Robin (NASDAQ: RRGB). At the same time, the rating agency reduced its price target on the company's stock from $28 to $32. On Thursday, RRGB added 7.46% to its value to finish the day at $33.85. Its shares continued to surge in today's pre-...
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Piper Jaffray Raises PT On Red Robin To $32
Friday, August 12, 2011 - 5:45am | 27Piper Jaffray has raised the price target on Red Robin (NASDAQ: RRGB) from $28 to $32 and maintains its Underweight rating.
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5 Trade Ideas for Friday, Aug 12
Thursday, August 11, 2011 - 5:38pm | 2021( click to enlarge ) THQ Inc. (NASDAQ:THQI) - Nice reversal from the lows today. Going long here. RSI is turning which means we are looking at a rebound. Tomorrow, the stock might go above $2. Short-term investors can buy with a stop at $1.80 and long-term investors can hold with a stop at $1...
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EAT, Pray, Love
Thursday, August 11, 2011 - 1:44pm | 686No, not the movie, but the investment mantra if you are a shareholder of Brinker International (NYSE: EAT) this afternoon. The owner of Chili's and Maggiano's reported stronger than expected earnings this morning. As a result, shares are up almost 15% as of the time of this writing. The company,...
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Options Brief: Brinker International
Thursday, August 11, 2011 - 10:07am | 69Shares of Brinker International (NYSE: EAT) are higher on the session by 8.16%, trading at $22.26. Overall call volume is now running at 8.15x the daily average, with 32% of all calls traded being purchases on the offer. 2,160 contracts have traded on the session so far. Brinker International,...
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Market Update
Thursday, August 11, 2011 - 9:34am | 231Shares of Nordstrom Inc (NYSE: JWN) rose about 0.9% as the company is all set to report its quarterly earnings after the closing bell. Nordstrom is projected to report its Q2 earnings at $0.74 per share on revenue of $2.71 billion. Shares of O'Charley's Inc (NASDAQ: CHUX) dropped about 1.3% after...