UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Einstein Noah Restaurant Group on Better Same-Store Sales

In a report published Friday, Jefferies reiterated its Buy rating on Einstein Noah Restaurant Group

, and slightly raised its price target from $16.00 to $17.00. Jefferies noted, “Stock likely to trade higher on stronger than expected same-store sales (best in 2 years), but we would be buyers as trends appear to be setting up for further acceleration in 2013 with a number of traffic-driving initiatives on the way. Stock trades at a discount due to relatively light trading liquidity & modest SSS, but we think 6x EV/ C13 EBITDA valuation does not reflect potential EPS upside.” Einstein Noah Restaurant Group closed on Thursday at $13.44.