DA Davidson Reiterates Buy, $19 Target on Einstein Noah Restaurant Group

DA Davidson maintains its rating of Buy and price target of $19 on Einstein Noah Restaurant Group

ahead of Q4 earnings. DA Davidson says, "We expect the company to report EPS of $0.36 versus consensus metrix's $0.34. Our model forecasts revenue rising 10.9% year-over-year with the aid of an extra week to $117.6 million, which is $1 million ahead of consensus. We forecast 2.0% comps at company-owned locations and have a 9.1% operating margin imbedded in the model, a 70bp increase from last year." BAGL closed at $14.72 a share on Friday.