BGB Securities Reiterates Frisch's Restaurants Buy, $29 PT
BGB Securities reiterated its Frisch's Restaurants (NYSE: 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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.