David Ristau
Growth at reasonable price, research analyst, newsletter provider, long/short equity

Einstein Noah Restaurant: 50% Upside, Buyout Potential, Revamped Menu


Einstein Noah (NASDAQ:BAGL) looks like a stock with upside due to its solid growth potential, solid cash flow and efficiency, and a lot of potential with several new initiatives. We see the company as having around 50% upside in the next twelve months with our $21 price target, and we like the company as a definite buy to get small-cap exposure to the restaurant industry. Further, BAGL is an interesting potential buyout play if that were to develop.

Company Profile

Einstein Noah Restaurant Group owns and franchises the Einstein Bros. Bagels, Noahs New York Bagels, and Manhattan Bagel Company stores. The company, additionally, sells bagels to third-party resellers as well as wholesaler/distributor. The company, currently, operates around

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