Einstein Noah (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.
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...
Only subscribers can access this article, which is part of the PRO research library covering 3,773 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: