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Monday, Apr 2
2012, 3:03 PM
Restaurants getting fat? After Raymond James analyst Bryan Elliott strikes a cautionary tone on...
Restaurants getting fat? After Raymond James analyst Bryan Elliott strikes a cautionary tone on the sector with 4 downgrades on big names, D.A. Davidson's Bart Glenn stays on the same theme as he notes that a basket of 23 restaurant stocks trade at a pricey 17.8X 2013 profit estimates. Despite the gloomy outlook and the economic overhangs he sees, the analyst still has BWLD, CMG, RRGB rated as Buys with some upside potential.