Einstein Noah Restaurant Group, Inc. (BAGL) was a big mover last session, as the company saw its shares rise over almost 51% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $13.03 to $14.24 in the past one-month time frame following the news of its takeover by JAB Holding Co. — the majority owner of coffee companies Peet's Coffee & Tea and Caribou Coffee — for $374 million.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Einstein Noah Restaurant currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked restaurant stocks worth considering include Jamba, Inc. (JMBA), The Cheesecake Factory Incorporated (CAKE) and Chipotle Mexican Grill, Inc. (CMG). While Jamba sports a Zacks Rank #1 (Strong Buy), Cheesecake Factory and Chipotle Mexican Grill have a Zacks Rank #2 (Buy).
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