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~ Monday! $BAGL ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $BAGL ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=BAGL&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=BAGL&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=BAGL
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=BAGL#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=BAGL+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=BAGL
Finviz: http://finviz.com/quote.ashx?t=BAGL
~ BusyStock: http://busystock.com/i.php?s=BAGL&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=BAGL >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Oppenheimer is out with its report on Einstein Noah Restaurant Group (NASDAQ: BAGL), raising its price target from $15 to $18.
In the report, Oppenheimer writes "4Q EPS were in line with our estimates; however, SSS came in slightly below our expectations. Management indicated that the Barista initiative is providing a significant lift to SSS. aristas should be in place system-wide by the end of 2011."
Oppenheimer later adds, "Looking forward, commodity headwinds should be manageable considering wheat is merely 10% of COGS and 100% of its wheat needs are locked for 1H11. Coffee is locked for the full year. Management continues to expect 2-3% of commodity inflation, but foresees the ability to offset with pricing."
Source:
http://www.benzinga.com/analyst-ratings/analyst-color/11/03/903978/oppenheimer-raising-price-target-on-einstein-noah-restaur#ixzz1FeC5O9FJ
Covered this at $10.05 earlier today.
More details here: http://thehackensack.blogspot.com/2009/11/covered-short-of-david-einhorn-stock.html
Thanks, man. For more ideas like that one, you may want to check my new site. One of the mods here has an issue with me, so I won't post the link to the new site here. But you can find it easily enough if you follow the link back to my blog in my earlier post.
BAGL nice short! Congrats
watching for a bottom now
I shorted this at $13.78 last week.
I laid out my rationale for that here: http://thehackensack.blogspot.com/2009/09/new-short-position-bagl.html
Securities Registration: Employee Benefit Plan (S-8)
Date : 01/09/2009 @ 5:23PM
Source : Edgar (US Regulatory)
Stock : (BAGL)
Quote : 5.43 0.3 (5.85%) @ 10:09AM
- Securities Registration: Employee Benefit Plan (S-8)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
EINSTEIN NOAH RESTAURANT GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
13-3690261
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
555 Zang Street, Suite 300, Lakewood Colorado 80228
(303) 568-8000
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s telephone number, including area code)
Jeffrey J.
O’Neill Stock Award Agreement
(Full title of the plan)
Jill B.W. Sisson, Esq.
General Counsel and Secretary
Einstein Noah Restaurant Group, Inc.
555 Zang Street, Suite 300
Lakewood, CO 80228
(303) 568-8000
(Name and address of agent for service)
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be
Registered (1)
Proposed
Maximum
Offering Price
per share
Proposed
Maximum
Aggregate
Offering Price (2)
Amount of
Registration
Fee
Jeffrey J.
O’Neill Stock Award Agreement, common stock, par value $0.001 per share
63,776
$
5.88
$
375,002.88
$
14.74
(1) Pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement (this “Registration Statement”) also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan described herein.
(2) Estimated solely for the purposes of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, and based upon the closing sale price of the registrant’s common stock as reported on the NASDAQ Global Market on January 9, 2009.
--------------------------------------------------------------------------------
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Item 1. Plan Information *
Item 2. Registration Information and Employee Plan Annual Information *
--------------------------------------------------------------------------------
* In accordance with the instructional Note to Part I of Form S-8 as promulgated by the Securities and Exchange Commission (the “Commission”), the information specified by Part I of Form S-8 has been omitted from this Registration Statement for offers of common stock pursuant to the Jeffrey J. O’Neill Stock Award Agreement. The information required by Part I is included in documents sent or given to the participant in the plan registered hereunder pursuant to Rule 428(b)(1) under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed by Einstein Noah Restaurant Group, Inc.
(the “Company”) with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”) are incorporated by reference in this Registration Statement:
(a) the Company’s latest Annual Report on Form 10-K for the fiscal year ended January 1, 2008;
(b) the Company’s Quarterly Reports on Form 10-Q for the quarters ended April 1, 2008, July 1, 2008, and September 30, 2008;
(c) the Company’s Current Reports on Form 8-K as filed with the SEC on April 24, 2008, May 7, 2008, May 8, 2008, May 9, 2008, May 12, 2008, August 6, 2008, August 7, 2008, August 12, 2008, September 3, 2008, November 6, 2008, November 7, 2008, November 25, 2008 and December 9, 2008; and
(d) the description of the Company’s common stock set forth in the Registration Statement on Form 8-A filed with the Commission on June 5, 2008, and any amendment or report filed for the purpose of updating that description.
All reports and other documents subsequently filed with the Commission by the registrant pursuant to sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered herein have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents, excluding any information furnished under Item 7.01 or Item 2.02 of any Current Report on Form 8-K. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or replaces such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
2
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Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts
Not applicable.
Item 6. Indemnification of Directors and Officers
Pursuant to Section 102(b)(7) of the Delaware General Corporation Law (the “DGCL”), Article Twelfth of the Company’s Restated Certificate of Incorporation, as amended, eliminates the personal liability of the Company’s directors to the Company or its stockholders for monetary damages for the breach of any fiduciary duty as a director, except for liabilities related to (a) any breach of a director’s duty of loyalty to the Company or its stockholders, (b) acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law, (c) a violation under Section 174 of the DGCL or (d) any transaction from which a director derives an improper personal benefit.
Section 145 of the DGCL permits the Company to indemnify its directors and officers. In addition, Article Eleventh of the Company’s Restated Certificate of Incorporation, as amended, and Article 6 of the Company’s Third Amended By-Laws, as amended, require the Company to indemnify any current or former directors or officers to the fullest extent permitted by the DGCL.
The Company carries policies of insurance which cover the individual directors and officers of the Company for legal liability and which would pay on behalf of the Company for expenses of indemnification of directors and officers.
Item 7. Exemptions from Registration Claimed
Not applicable.
Item 8. Exhibits
(a) The following exhibits are submitted herewith or incorporated by reference herein.
Exhibit No.
Exhibit
4.7
Jeffrey J. O’Neill Stock Award Agreement
5.1
Opinion of Holme Roberts & Owen LLP
23.1
Consent of Grant Thornton LLP
23.2
Consent of Holme Roberts & Owen LLP (included in Exhibit 5.1)
24.1
Power of Attorney - Jeffrey J. O’Neill
24.2
Power of Attorney - Richard P. Dutkiewicz
24.3
Power of Attorney - Michael W. Arthur
24.4
Power of Attorney - E. Nelson Heumann
24.5
Power of Attorney - Frank C. Meyer
24.6
Power of Attorney - Thomas J. Mueller
24.7
Power of Attorney - S. Garrett Stonehouse, Jr.
3
--------------------------------------------------------------------------------
Item 9. Undertakings
a. The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) to include any prospectus required by section 10(a)(3) of the Securities Act;
(ii) to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in this effective Registration Statement; and
(iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; provided, however , that paragraphs a.(1)(i) and a.(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
b. The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
c. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person
4
--------------------------------------------------------------------------------
of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
5
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SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Lakewood, State of Colorado, on this 9th day of January, 2009.
EINSTEIN NOAH RESTAURANT GROUP, INC.
By:
*
Jeffrey J. O’Neill, Chief Executive Officer
Pursuant to the requirements of the Securities Act, this registration statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
*
Chief Executive Officer and Director
January 9, 2009
Jeffrey J. O’Neill
(Principal Executive Officer)
*
Chief Financial Officer
January 9, 2009
Richard P. Dutkiewicz
(Principal Financial and Accounting
Officer)
*
Director
Michael W. Arthur
January 9, 2009
*
Director
E. Nelson Heumann
January 9, 2009
*
Director
Frank C. Meyer
January 9, 2009
*
Director
Thomas J. Mueller
January 9, 2009
*
Director
S. Garrett Stonehouse, Jr.
January 9, 2009
*
/s/ Jill B.W. Sisson
By: Jill B.W. Sisson, Attorney-in-fact
Einstein Noah Restaurant Group Reports Strong Growth in Earnings and Cash Flow for 2008
Date : 03/02/2009 @ 4:04PM
Source : Business Wire
Stock : Einstein Noah Restaurant Group (BAGL)
Quote : 5.13 0.89 (20.99%) @ 8:00PM
Einstein Noah Restaurant Group Reports Strong Growth in Earnings and Cash Flow for 2008
Einstein Noah Restaurant Group (NASDAQ: BAGL), a leader in the quick-casual segment of the restaurant industry operating primarily under the Einstein Bros.® Bagels, Noah's New York Bagels®, and Manhattan Bagel® brands, today reported financial results for the fourth quarter and full year ended December 30, 2008.
Selected Highlights for the Fourth Quarter 2008 Compared to the Fourth Quarter 2007:
Total revenue of $103.9 million vs. $105.2 million
System-wide comparable store sales decreased a modest 1.0%
Gross profit of $21.5 million in each of these quarters
Net income and diluted EPS of $5.8 million and $0.36, respectively, versus net income and diluted EPS of $6.8 million and $0.41. Fourth quarter 2008 results included $1.3 million in senior management transition costs, or approximately $0.08 per diluted share.
Generated $9.4 million of cash flow from operations in 2008 compared to $5.6 million in 2007.
Selected Highlights for 2008 Compared to 2007:
Total revenue growth of 2.6% to $413.5 million from $402.9 million
System-wide comparable store sales increased 1.4%
Gross profit of $81.8 million vs. $80.9 million
Net income and diluted EPS of $21.1 million and $1.29, respectively, versus net income and diluted EPS of $12.6 million and $0.88. 2008 results included $3.2 million in charges for senior management transition costs and California wage and hour settlements, or approximately $0.20 per diluted share.
Generated $43.1 million of cash flow from operations in 52-week period, resulting in an unrestricted cash balance of $24.2 million on December 30, 2008, compared to the 52 weeks ended January 1, 2008 where we generated $24.9 million in cash flow and had an unrestricted cash balance of $9.4 million.
Jeff O’Neill, chief executive officer and president of Einstein Noah, said, “Our performance is a testament to the strength of our loyal customer base. In the face of unprecedented economic challenges, we’ve been able to preserve our comparable store sales, continue to build efficiencies in our manufacturing and commissary operations, and lower our G&A costs significantly. Most importantly, in 2008 we generated free cash flow totaling $16.4 million, which further strengthens our liquidity position.”
O’Neill continued, “In 2009, our key objectives are to accelerate our marketing and merchandising efforts, continue to build on our strong and growing base of Franchise and License partners, and prudently manage our controllable costs. We are pleased with our unique strength and positioning in the Fast Casual Breakfast day part, and are confident that we can take additional market share from our competitors through our emphasis on exciting new products and value-oriented promotions. Overall, we look forward to continued progress in 2009 and are well underway toward building a ‘best in class’ organization.”
Fourth Quarter 2008 Financial Results
For the fourth quarter of 2008, system–wide comparable store sales, which include Company-owned, franchised, and licensed locations, decreased a modest 1.0%. Total revenues decreased 1.3% to $103.9 million from $105.2 million in the fourth quarter last year. The fourth quarter of 2008 had a benefit of $0.3 million from gift card breakage, compared to a benefit of approximately $1.3 million in the fourth quarter last year.
Company-owned restaurant sales fell 2.5% to $94.3 million from $96.7 million, including a 3.3% decrease in comparable store sales, of which approximately 1.2% was due to management deliberately reducing the hours of operation. Once again, our upgraded restaurants experienced stronger comparable store sales, and outperformed all other locations by 2.4%. Company-owned restaurant gross profit was $18.9 million in the fourth quarter of 2008, compared to $20.7 million in the same quarter last year.
Franchise and license locations continued a trend of strong positive comparable store sales in the fourth quarter of 2008, posting an 8.5% increase compared to the same quarter in the prior year. We also benefitted from a net increase of nine license locations in the quarter. The effect of the new locations and comparable store sales helped drive franchise and license related revenues up 11.1% to $1.9 million in the fourth quarter of 2008.
Manufacturing and commissary revenues increased 12.6% to $7.7 million in the fourth quarter of 2008, resulting in gross profit of $0.7 million, compared to a $0.9 million loss in the fourth quarter last year.
General and administrative expenses declined $0.9 million to $8.4 million in the fourth quarter of 2008 compared to $9.3 million in the fourth quarter in the prior year.
Net income was $5.8 million in the fourth quarter of 2008, or $0.36 per diluted share, compared to net income of $6.8 million, or $0.41 per diluted share, in the same quarter last year. The fourth quarter of 2008 results included $1.3 million in senior management transition costs.
2008 Financial Results
For the full year ended December 30, 2008, system-wide comparable store sales, which include Company-owned, franchised, and licensed locations, increased 1.4%. Total revenues increased 2.6% to $413.5 million from $402.9 million last year.
Company-owned restaurant sales grew 1.0% to $376.7 million from $373.0 million, with virtually flat comparable store sales, despite management deliberately reducing the hours of operation beginning in the second quarter of 2008. Company-owned restaurant gross profit was $73.5 million compared to $75.8 million in 2007.
Franchise and license related revenues increased 12.6% to $6.4 million in 2008, compared to $5.7 million last year. We benefitted from a net increase of 27 franchise and license locations, in addition to a strong comparable store sales increase of 8.6%. To date, we have signed seven development agreements for additional Einstein Bros. Bagels franchises which should ultimately result in a total of 49 additional franchise openings.
Manufacturing and commissary revenues increased 25.5% to $30.4 million, compared to $24.2 million last year. Manufacturing and commissary gross profit was $1.8 million, compared to a $0.6 million loss in 2007.
Net income was $21.1 million for 2008, or $1.29 per diluted share, compared to net income of $12.6 million, or $0.88 per diluted share, in 2007 and reflects one full year’s benefit of our recapitalization, which occurred in June 2007. The 2008 results included a $1.9 million charge related to two California wage and hour settlements, along with $1.3 million of senior management transition costs, which in aggregate was approximately $0.20 per diluted share.
2009 Update
Our primary focus in 2009 will be driving organic growth through consumer promotions, product innovations and additional locations. We plan to open six to eight Company-owned, six to eight franchised, and 30 to 35 licensed stores in 2009. We also intend to upgrade 45 Company-owned stores.
We have locked in over 90% of all major agricultural commodities at virtually flat prices compared to 2008, with an option to benefit from further reductions in pricing.
Rick Dutkiewicz, chief financial officer of Einstein Noah, added, “Our ‘asset light’ investment model generates strong cash on cash returns and provides for a substantial amount of free cash flow. We have over $24 million of unrestricted cash and remain in full compliance with our debt agreements. We will also continue to invest in our successful upgrade program to generate both top line sales growth as well as additional store margin dollars. By the end of 2009, approximately 50% of our Company-owned restaurants will have been constructed in the last four years or will have been upgraded. This demonstrates our commitment to enhancing the guest experience at all levels.”
Dutkiewicz concluded, “Our growth strategy and brand building efforts place greater emphasis on high-margin, capital efficient development, and our goal is to have approximately 50% of all locations operated by franchise and license partners by 2012. This expansion strategy is expected to drive significant cash flow for our shareholders, while providing greater stability to our core business in an otherwise volatile environment.”
Einstein Noah Restaurant Group Announces the Appointment of Jeff O'Neill as Chief Executive Officer
Wednesday December 3, 2008, 5:35 pm EST
Yahoo! Buzz Print Related:Einstein Noah Restaurant Group, Inc.
LAKEWOOD, Colo., Dec. 3 /PRNewswire-FirstCall/ -- Einstein Noah Restaurant Group (Nasdaq: BAGL - News), a leader in the quick-casual segment of the restaurant industry operating primarily under the Einstein Bros.® Bagels, Noah's New York Bagels®, and Manhattan Bagel® brands, today announced that it has appointed Jeff O'Neill as chief executive officer and as a director, effective immediately. Paul Murphy, who had been chief executive officer, president, and director since October 2003, has resigned.
Related Quotes
Symbol Price Change
BAGL 5.13 +0.89
Mr. O'Neill is a 20-year Food and Beverage Industry veteran with an extensive leadership background in brand marketing, strategic planning and operations. He joins Einstein Noah from Priszm Income Fund in Toronto, Canada, where he held the titles of chief operating officer, president and most recently, chief executive officer. Priszm is the master franchisee for KFC in Canada, employs more than 9,000 people, and owns and operates 465 quick service and quick casual restaurants (KFC, Taco Bell, and Pizza Hut) across Canada. During his tenure at Priszm, Mr. O'Neill oversaw the doubling of the very successful KFC/Taco Bell multi-brand concept to over 100 stores, as well as significant new product innovation aimed at doubling the sandwich and snacking segments within the KFC Brand in Canada. Prior to joining Priszm, Mr. O'Neill held senior positions with some of the world's most recognized brand names, including President of Pepsi Cola Canada, where he oversaw a period of exceptional growth in market share, brand innovation, and profitability.
Jeff O'Neill, chief executive officer of Einstein Noah, said, "I am excited to be joining Einstein Noah at this time, to build on past accomplishments, and to work with the team to develop new and exciting business building initiatives designed to drive incremental sales and profitability across the company."
Nelson Heumann, chairman of the board of Einstein Noah, said, "We are pleased to welcome Jeff to Einstein Noah as chief executive officer and board member. Jeff shares our excitement for the company and appreciates the opportunity we have as a leader in the quick casual segment. We look forward to leveraging his vast industry experience as we execute our plan and lay the groundwork for Einstein Noah's bright future." Heumann continued, "On behalf of the entire board of directors, I would also like to thank Paul Murphy for providing his leadership to the company for more than 16 years. Paul has decided to make a change and has worked closely with the board to ensure a smooth transition. We are proud of what he has accomplished at Einstein Noah in positioning our brands for success, and we wish him well in the future."
About Einstein Noah Restaurant Group
Einstein Noah Restaurant Group is a leading company in the quick casual restaurant industry that operates locations primarily under the Einstein Bros.® Bagels and Noah's New York Bagels® brands and primarily franchises locations under the Manhattan Bagel® brand. The company's retail system consists of more than 600 restaurants, including more than 100 license locations, in 36 states plus the District of Columbia. It also operates a dough production facility. The company's stock is traded under the symbol BAGL. Visit http://www.einsteinnoah.com for additional information.
Contacts:
Investor Relations
Tom Ryan
203-682-8200
tryan@icrinc.com
Raphael Gross
203-682-8200
rgross@icrinc.com
Rick Dutkiewicz
Chief Financial Officer
303-568-8004
rdutkiewicz@einsteinnoah.com
Einstein Noah Restaurant Group Grants 63,776 Restricted Shares to Chief Executive Officer
Date : 01/12/2009 @ 12:02PM
Source : Business Wire
Stock : Einstein Noah Restaurant Group (BAGL)
Quote : 5.13 0.89 (20.99%) @ 8:00PM
Einstein Noah Restaurant Group Grants 63,776 Restricted Shares to Chief Executive Officer
Einstein Noah Restaurant Group (NASDAQ: BAGL), a leader in the quick-casual segment of the restaurant industry operating primarily under the Einstein Bros.® Bagels, Noah's New York Bagels®, and Manhattan Bagel® brands, today announced that Jeffrey J. O'Neill, in connection with his employment as Chief Executive Officer of the Company, has been granted 63,776 restricted shares of the Company’s common stock. The shares will vest in equal annual installments over three years and have a market value of $375,000, based on the closing price of the Company’s common stock on January 9, 2009, the effective date of the grant.
About Einstein Noah Restaurant Group Einstein Noah Restaurant Group is a leading company in the quick casual restaurant industry that operates locations primarily under the Einstein Bros.® Bagels and Noah's New York Bagels® brands and primarily franchises locations under the Manhattan Bagel® brand. The company's retail system consists of more than 600 restaurants, including more than 100 license locations, in 36 states plus the District of Columbia. It also operates a dough production facility. The company's stock is traded under the symbol BAGL. Visit www.einsteinnoah.com for additional information.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
EINSTEIN NOAH RESTAURANT GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
13-3690261
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
555 Zang Street, Suite 300, Lakewood Colorado 80228
(303) 568-8000
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s telephone number, including area code)
Jeffrey J.
O’Neill Stock Award Agreement
(Full title of the plan)
Jill B.W. Sisson, Esq.
General Counsel and Secretary
Einstein Noah Restaurant Group, Inc.
555 Zang Street, Suite 300
Lakewood, CO 80228
(303) 568-8000
(Name and address of agent for service)
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be
Registered (1)
Proposed
Maximum
Offering Price
per share
Proposed
Maximum
Aggregate
Offering Price (2)
Amount of
Registration
Fee
Jeffrey J.
O’Neill Stock Award Agreement, common stock, par value $0.001 per share
63,776
$
5.88
$
375,002.88
$
14.74
(1) Pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement (this “Registration Statement”) also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan described herein.
(2) Estimated solely for the purposes of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, and based upon the closing sale price of the registrant’s common stock as reported on the NASDAQ Global Market on January 9, 2009.
--------------------------------------------------------------------------------
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Item 1. Plan Information *
Item 2. Registration Information and Employee Plan Annual Information *
--------------------------------------------------------------------------------
* In accordance with the instructional Note to Part I of Form S-8 as promulgated by the Securities and Exchange Commission (the “Commission”), the information specified by Part I of Form S-8 has been omitted from this Registration Statement for offers of common stock pursuant to the Jeffrey J. O’Neill Stock Award Agreement. The information required by Part I is included in documents sent or given to the participant in the plan registered hereunder pursuant to Rule 428(b)(1) under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed by Einstein Noah Restaurant Group, Inc.
(the “Company”) with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”) are incorporated by reference in this Registration Statement:
(a) the Company’s latest Annual Report on Form 10-K for the fiscal year ended January 1, 2008;
(b) the Company’s Quarterly Reports on Form 10-Q for the quarters ended April 1, 2008, July 1, 2008, and September 30, 2008;
(c) the Company’s Current Reports on Form 8-K as filed with the SEC on April 24, 2008, May 7, 2008, May 8, 2008, May 9, 2008, May 12, 2008, August 6, 2008, August 7, 2008, August 12, 2008, September 3, 2008, November 6, 2008, November 7, 2008, November 25, 2008 and December 9, 2008; and
(d) the description of the Company’s common stock set forth in the Registration Statement on Form 8-A filed with the Commission on June 5, 2008, and any amendment or report filed for the purpose of updating that description.
All reports and other documents subsequently filed with the Commission by the registrant pursuant to sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered herein have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents, excluding any information furnished under Item 7.01 or Item 2.02 of any Current Report on Form 8-K. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or replaces such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
2
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Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts
Not applicable.
Item 6. Indemnification of Directors and Officers
Pursuant to Section 102(b)(7) of the Delaware General Corporation Law (the “DGCL”), Article Twelfth of the Company’s Restated Certificate of Incorporation, as amended, eliminates the personal liability of the Company’s directors to the Company or its stockholders for monetary damages for the breach of any fiduciary duty as a director, except for liabilities related to (a) any breach of a director’s duty of loyalty to the Company or its stockholders, (b) acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law, (c) a violation under Section 174 of the DGCL or (d) any transaction from which a director derives an improper personal benefit.
Section 145 of the DGCL permits the Company to indemnify its directors and officers. In addition, Article Eleventh of the Company’s Restated Certificate of Incorporation, as amended, and Article 6 of the Company’s Third Amended By-Laws, as amended, require the Company to indemnify any current or former directors or officers to the fullest extent permitted by the DGCL.
The Company carries policies of insurance which cover the individual directors and officers of the Company for legal liability and which would pay on behalf of the Company for expenses of indemnification of directors and officers.
Item 7. Exemptions from Registration Claimed
Not applicable.
Item 8. Exhibits
(a) The following exhibits are submitted herewith or incorporated by reference herein.
Exhibit No.
Exhibit
4.7
Jeffrey J. O’Neill Stock Award Agreement
5.1
Opinion of Holme Roberts & Owen LLP
23.1
Consent of Grant Thornton LLP
23.2
Consent of Holme Roberts & Owen LLP (included in Exhibit 5.1)
24.1
Power of Attorney - Jeffrey J. O’Neill
24.2
Power of Attorney - Richard P. Dutkiewicz
24.3
Power of Attorney - Michael W. Arthur
24.4
Power of Attorney - E. Nelson Heumann
24.5
Power of Attorney - Frank C. Meyer
24.6
Power of Attorney - Thomas J. Mueller
24.7
Power of Attorney - S. Garrett Stonehouse, Jr.
3
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Item 9. Undertakings
a. The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) to include any prospectus required by section 10(a)(3) of the Securities Act;
(ii) to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in this effective Registration Statement; and
(iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; provided, however , that paragraphs a.(1)(i) and a.(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
b. The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
c. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person
4
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of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
5
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SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Lakewood, State of Colorado, on this 9th day of January, 2009.
EINSTEIN NOAH RESTAURANT GROUP, INC.
By:
*
Jeffrey J. O’Neill, Chief Executive Officer
Pursuant to the requirements of the Securities Act, this registration statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
*
Chief Executive Officer and Director
January 9, 2009
Jeffrey J. O’Neill
(Principal Executive Officer)
*
Chief Financial Officer
January 9, 2009
Richard P. Dutkiewicz
(Principal Financial and Accounting
Officer)
*
Director
Michael W. Arthur
January 9, 2009
*
Director
E. Nelson Heumann
January 9, 2009
*
Director
Frank C. Meyer
January 9, 2009
*
Director
Thomas J. Mueller
January 9, 2009
*
Director
S. Garrett Stonehouse, Jr.
January 9, 2009
*
/s/ Jill B.W. Sisson
By: Jill B.W. Sisson, Attorney-in-fact
6
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BAGL: Piper Jaffray Ups to Buy from Neutral; Analyst Notes
Thursday , May 08, 2008 08:27ET
Issuer: Einstein Noah Restaurant Group, Inc. (NasdaqNM: BAGL)
Analyst Firm: U.S. Bancorp Piper Jaffray Inc.
Ratings Action: UPGRADE
Current Rating: Buy (from Neutral)
Analyst Comments: The firm upgraded the stock based on valuation.
This rating information was reported by TheFlyOnTheWall.
up 2.43 on some 93,000 volume, all seems settled and now the spread appears.
.13 spread right now, so BAGL is up to normal behavior of moving all over the place from one buy to the next.
FOR IMMEDIATE RELEASE:
(here's the longer version)
May 7, 2008
Einstein Noah Restaurant Group Reports Solid Growth in Revenue, Comparable Store Sales and Net Income
Selected Highlights for the Quarter:
~ 3.6% increase in comparable store sales at company-owned restaurants.
~ 14th consecutive quarter of positive comparable store sales growth.
~ Average unit volume for company-owned restaurants increased $10,000 to $919,000 for the trailing four quarters.
~ 7.3% revenue growth to $103.3 million from $96.3 million in the first quarter of 2007.
~ 239% net income growth to $3.8 million, compared with $1.1 million the first quarter of 2007.
~ Diluted EPS of $0.23.
~ Opened our first Einstein Bros. franchised location, three new company-owned restaurants and four new licensed locations.
LAKEWOOD, Colo. – Despite the difficult operating environment characterized by heavy cost pressure from agricultural commodities and soft consumer spending, Einstein Noah Restaurant Group (NASDAQ: BAGL) today posted strong results for the first quarter ended April 1, 2008. The Company posted its 14th consecutive quarter of positive comparable store sales, an overall increase of 7% in revenue and a 239% improvement in net income compared with the same period a year ago.
“Thanks in large part to our increased same store sales and our efforts in 2007 and early 2008 to lock in the cost of wheat, implement a well-timed price increase and introduce a revamped menu, our results for the first quarter of 2008 reflect impressive financial performance. We are in a growth mode during a time when most campanies are pulling back,” said Paul Murphy, President and Chief Executive Officer of Einstein Noah Restaurant Group. “I’m pleased with our ability to execute and deliver on the objective we set for the first quarter of 2008.”
During the quarter, and in spite of heavy cost pressure from agricultural commodities, increased compensation costs for bonuses in the quarter, and certain one-time charges equaling about $250,000 in the quarter, the Company held gross profit and income from operations relatively flat. Furthermore, we have begun to enter into wheat purchases for the first quarter of 2009 at or below the cost we experienced in the current quarter.
At the same time, revenues increased to $103.3 million from $96.3 million last year, net income grew 239% to $3.8 million from $1.1 million in the same period a year ago and average unit volume increased $10,000 to $919,000 from $909,000 for the trailing four quarters.
In addition, the company opened three new company – owned restaurants, four license locations and the first Einstein Bros. franchise restaurant in Jacksonville, Fla.
“The entire organization has been focused on keeping costs down during difficult economic times, while at the same time investing in areas that are designed to continue to grow the business,” said Rick Dutkiewicz, Chief Financial Officer of Einstein Noah Restaurant Group. “We are in a growth mode during a time when most companies are pulling back. In addition to the efforts from our operational personnel to greatly enhance our profitability, we recently entered into an interest rate swap to fix $60 million of our floating rate debt through August 2010 at a Libor rate of 3.52% plus an applicable margin. This will provide us a measure of cost certainty on our interest expense for the next couple of years.”
During the first quarter of 2008, Einstein Noah Restaurant Group generated $11.3 million in cash from operating activities, which was 77% more than the $6.4 million generated in the same period a year ago.
“Our financial performance in the first quarter has prepared us well to properly invest in our growth strategy for the remainder of 2008,” Mr. Murphy said. “I look forward to the many investments we plan on making in the right areas to continue to grow the business.”
About Einstein Noah Restaurant Group
Einstein Noah Restaurant Group Inc. is a leading company in the quick casual restaurant industry that operates locations primarily under the Einstein Bros.® Bagels and Noah’s New York Bagels® brands and primarily franchises locations under the Manhattan Bagel® brand. The company’s retail system consists of more than 600 restaurants, including more than 100 license locations, in 35 states plus the District of Columbia. It also operates a dough production facility. The company’s stock is traded under the symbol BAGL. Visit www.einsteinnoah.com for additional information.
BAGL: Q1 EPS 23c vs 10c Beats 16c Est
(Here's the short version)
Wednesday, May 07, 2008 16:26ET
QUARTER RESULTS
Einstein Noah Restaurant Group, Inc. (BAGL) reported Q1 results ended March 2008. Q1 Revenues were $103.26M; +7.27% vs yr-ago; BEATING revenue consensus by +2.14%. Q1 EPS was 23c; +130.00% vs yr-ago; BEATING earnings consensus by +43.75%.
Q1 RESULTS
Reported
Revenues:$103.26M
Year-Ago $96.26M
Y/Y Chg +7.27%
Estimate $101.10M
SURPRISE +2.14%
EPS: 23c
Year-Ago 10c
Y/Y Chg +130.00%
Estimate16c
SURPRISE +43.75%
ORIGINAL EARNINGS RELEASE
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.
Hey...a toasted bagl! Cute and I think that is an appropriate
picture.
Yes, Great earnings. I would imagine that tomorrow will be a good day for BAGL.
Tomorrow, for fun, watch the spread (and, just to ruin your joke before you can even say it.... you know I'm talking the difference between bid and ask...and Not cream cheese :)
Is Bagel getting Fat?
And Sassssyyyyy!!!!
BAGL: Q1 EPS 23c vs 10c Beats 16c Est
http://www.knobias.com/story.htm?eid=3.1.d079f6d2c850a9a96957047e70227216f2d6184a7431d48d531f0cd0a5077ca9
Einstein Noah Restaurant Group Inc. (BAGL) Corporate Event Announcement Notice
Saturday , April 26, 2008 20:41ET
Apr 26, 2008 (Wall Street Horizon via COMTEX) --
Einstein Noah Restaurant Group Inc. (BAGL)
Expected next earnings release:
Announcement date: 5/7/2008 - After Market
Earnings Quarter: Q1
Announcement Status: Verified
I wanted to Mod a few other boards and didn't want to be a "Mod hog". So, I dumped a few of the old boards and picked up some new ones. I would have picked up more, LOL, but F already has them. He has some good stocks! Darn it!
CSIQ has appropriately sized charts that everyone can enjoy. So I know they can get smaller if he wants them too and the answer to the old age question?
When it comes to a chart...Damn right it matters! :)
What happen to the BAGL Mod?
I bet they’re out there in iHub Land making fun of the size of someone’s chart. The age old question...does size really matter?
LOL!!!!
attempt numero uno on getting over that fifty. I would imagine a few more to go? Earnings on May 7th
Einstein Noah Restaurant Group Sets Date for First Quarter 2008 Financial Results News Release and Conference Call
Thursday , April 24, 2008 08:00ET
LAKEWOOD, Colo., April 24 /PRNewswire-FirstCall/ -- Einstein Noah Restaurant Group, Inc. (Nasdaq: BAGL) today announced it will release its 2008 first quarter financial results after market close on May 7, 2008, and follow the release with a conference call and Webcast at 3 p.m. Mountain Time (5 p.m. Eastern Time).
The Trader - Barron's Online
http://online.barrons.com/article/SB120855843505127605.html?page=3
MONDAY, APRIL 21, 2008
THE TRADER
A Sharp Rally Deposits
Dow Near Its '08 High
By KOPIN TAN
(Page 3 of 3 )
PRICIER INGREDIENTS AND FEWER diners also worry the Einstein Noah (BAGL) chain, but should its shares have fallen 62% in six months? Cowen analyst Paul Westra calls the slump "perplexing." Wheat costs have pulled back and recent government data show the most acreage planted in 11 years. Westra also isn't too worried about Einstein's refinancing of certain preferred shares due in June 2009. Meanwhile, has anyone checked out the new menu?
At 9.49, shares trade at just 8.6 times 2008 earnings, compared with 18 times for restaurants. With most chains now battling it out on price at lunch, breakfast has become the most important -- and profitable -- meal of the day, and Einstein rakes in 60% of its sales before noon.
Einstein Noah Restaurant Group Breaks New Ground With Opening of Company's First Einstein Bros. Bagels Franchise Location
Thursday , April 17, 2008 07:59ET
JACKSONVILLE, Fla., April 17 /PRNewswire-FirstCall/ -- Local entrepreneur Mohammed Chaudhry, owner of MC Squared Investments, LLC, made history today with the opening of the Einstein Bros.(R) Bagels franchised location at 1661 Riverside Avenue. The new restaurant is the first franchise location under the Einstein Bros.' franchising program for Einstein Bros.' parent company, Einstein Noah Restaurant Group, Inc. (Nasdaq: BAGL).
Today's grand opening also marks the first of 10 locations that MC Squared Investments, LLC, plans to open throughout the Jacksonville area and is part of Chaudhry's 21-store agreement to open Einstein Bros. franchise locations throughout northern Florida. The franchised restaurant officially opened for business in March.
"We are thrilled to offer a restaurant that we believe will impress new and longtime Einstein Bros.' fans with distinctive menu options and a vibrant dining environment," said Chaudhry. "I want to offer the best in quick casual bakery fare to Jacksonville residents through a brand that has built a great name and strong popularity in cities throughout the country and in other parts of Florida."
To commemorate the Jacksonville grand opening, guests will receive a free cup of Darn Good Coffee(R) and will be able to try other grand opening menu specials on April 18th and 19th. Available for take-out, dine-in and catering, Einstein Bros.' innovative menu features fresh breakfast and lunch sandwiches, salads and premium coffees served all day. Breakfast and lunch sandwiches are available on a variety of freshly baked breads, rolls or wraps, and, of course, a huge selection of tasty, freshly baked bagels.
"When guests sit down to eat Einstein Bros.' food, we want them to taste our innovation. We want them to experience the 'wow factor' with each bite," said Paul Carolan, senior vice president of franchising and licensing. "Our new location in Jacksonville fits in perfectly with our goal to be at the leading edge of what casual bakery guests want."
In addition to MC Squared Investments, LLC's 21-unit deal, Einstein Noah Restaurant Group has inked two multi-unit franchise agreements scheduled to open a total of eight locations in the Augusta, Georgia, Aiken, South Carolina and Northwest Arkansas markets beginning in late-2008, into 2009 and beyond.
"We are pleased with the growth of our franchising program for the brand," said Paul Murphy, CEO of Einstein Noah Restaurant Group. "Our initial offering of the brand targeted the southeast United States beginning last year. Due to the response and interest, we decided to open select markets throughout the rest of the country."
Known best for its famous breakfast sandwiches and bagels, five different flavors of Darn Good Coffee(R), flavorful cream cheese shmears and trendy lunchtime sandwiches, Einstein Bros. has secured its distinctive place among competitors in the rapidly expanding fast casual restaurant category with innovative menu offerings like the new Bros. Blenders(R) Frozen Drinks to keep guests visiting during morning and afternoon hours. Moreover, the brand's trendy restaurant decor and contemporary atmosphere is designed to attract a loyal, more upscale guest base that can feel at home while dining.
About Einstein Noah Restaurant Group
Einstein Noah Restaurant Group, Inc. is a leading company in the quick casual restaurant industry that operates locations primarily under the Einstein Bros. and Noah's New York Bagels brands and primarily franchises locations under the Manhattan Bagel brand. The company's retail system consists of approximately 600 restaurants in 36 states and the District of Columbia. It also operates a dough production facility. The company's stock is traded under the symbol BAGL. Visit http://www.einsteinnoah.com for additional information.
Media Contact: Lisa Flando, Fishman Public Relations, 847-945-1300 ext. 224, lflando@fishmanpr.com
in a comfortable lounge chair on a deck at a friend's house.
I think that story goes...in a comfortable lounge chair on a deck that RMBS built? LOL
Someone is getting really good with his computer skills. :)
Poor, poor bagel.
Was it the Police?
Who Sung…..“Sending Out an S.O.S.”..…”Sending Out an S.O.S.”
“Message in a Bottle…Message in a Bottle”
But Wait!! April will pass and Spring will sprung and I heard that Mr. Bagel is now famous for saying “Cork? I don’t need no stinking Corks!” while basking under the beautiful Denver, CO sunshine in a comfortable lounge chair on a deck at a friend's house.
(I’m thinking the pinch will end it and that the bottle will be safely recovered)
Onward Thru The Fog!!!…. :o)
LOL, not boring at all...that is a great iBox.
Wish I could get away with saying my question was an April Fools Joke. I read your wonderful iBox in full long ago and simply forgot.
Thank You.
That was when they announced that they had applied to take their stock, under the new symbol BAGL, to the nasdaq. That can be read about in the boring ibox. :)
Wonder what caused the price to spike last April?
BAGL: Morgan Stanley Starts @ Equal-weight; Sets Tgt @ $14
Friday , March 28, 2008 07:51ET
Issuer: Einstein Noah Restaurant Group, Inc. (NasdaqNM: BAGL)
Analyst Firm: Morgan Stanley Dean Witter & Co.
Ratings Action: INITIATE
Current Rating: Equal-weight
Target Price Action: INITIATE
Target Price: $14.00
Now pinch hard and reverse that trend... But maybe hit $7.76 first? Test that low while it is DOWN here.
POS bagel. Who likes bagels anyway? :)Just kidding
“Come Fly Away, Come Fly Away with Me”
Einstein Noah Restaurant Group, SSP America Sign Exclusive Agreement
Tuesday , March 18, 2008 08:00ET
LAKEWOOD, Colo., March 18 /PRNewswire-FirstCall/ -- Einstein Noah Restaurant Group, Inc. (Nasdaq: BAGL) announced today that it has signed an exclusive development agreement with SSP America, to open Einstein Bros.(R) Bagels, Noah's Bagels(R) and Manhattan Bagel(R) restaurants inside U.S. Airports.
The agreement calls for SSP America to open and operate Einstein Bros., Noah's and Manhattan restaurants over the next five years in major U.S. airports. SSP is the leading operator of food and beverage brands in travel locations in 28 countries worldwide and operates a strong brand portfolio in 40 U.S. airports.
"This agreement brings together two companies with proven and growing track records in the airport dining arena," said Paul Carolan, senior vice president of franchising and licensing for Einstein Noah Restaurant Group. "Einstein Bros., Noah's and Manhattan have the wide variety of high quality menu offerings that we believe travelers are looking for while they await their departure and after they land, and SSP America is one of the premier providers of concessions for the airport market. We are very excited about the beginning of our relationship."
The popular Einstein Bros., Noah's and Manhattan brands have diverse menus that contain high-quality offerings, including hand-crafted sandwiches, home-style soups, tempting sweets, artisan roasted coffee and award-winning bagels. The more than 600 restaurants with locations in 36 states feature an atmosphere that combines the friendliness of the local neighborhood with a tradition of great tasting, quality food and hospitable service.
"We believe this development agreement with SSP America will be instrumental in delivering on our aggressive growth strategy over the next five years," said Paul Murphy, CEO of Einstein Noah Restaurant Group. "I look forward to the opening of many successful airport license restaurants through this strategic relationship between SSP America and Einstein Noah Restaurant Group."
"We are excited to work with Einstein Bros. Our mutual growth strategies complemented with Einstein Bros.' exceptional focus on product quality and service delivery will further strengthen our brand portfolio," said Les Cappetta, CEO of SSP America.
Guess another night of no sleep for you.
I give up?
Didn’t get a wink of sleep last night all frustrated trying to figure it out. Please tell me so I can finally get some sleep tonight.
ahhhhhhh. I can't stand it anymore. Forgive me father for I have sinned. :)
small bagl please...hold the smear. I'll add that later if I have to.
It a "2mfdd" in a row stock. (figure that one out Scov.LOL)
.14 spread and a little more volume this morning. Sto's crossing up?
yes, yes it is. LOL. Nasty isn't it? I was wondering if it would see single digit's?
Watching the spread is a hoot, though...
But I'm feeling like "poultry little"
Standard P&F Chart.
Is it suggesting that $6.50 is possible? Mercy!!!
And that now close's that one.
yep...
10.75 would fill that other gap of 10.75 to 10.95 from 4/4/07
And speaking of old gaps?
That's at 11.35 (which just filled) and if memory serves me right theres something around 10.75...but I better check that.
"And that is why horses and ostrich's shouldn't be left alone behind closed doors."
ROFLMAO.
well that wasnt all in 1 weekend.....wait maybe it was!
and the little guy is the bosses grandson. my bike was in their garage at the time of that pic
just dont play with anything u cant afford to lose i guess. lots of red flags for me, so i will avoid it. i wish u the best
If you watch the daily trade on BAGL you will often see a huge spread between bid and ask, and the day's end will sometimes have a huge spread between the low and high of the day. Makes me wonder if it's a potential day trade even though it has low volume. I haven't done it yet, but played with it on paper in real time...tossing out a number, watching that number actually hit...then tossing out another number for a sell and then watching that hit. So I'm motivated to put it to the test. I prefer that gap to fill since it's here in this range anyway. But because it's a low volume stock the range is radical and out of the blue as you can see on a chart. A five hundred dollar gain seems pretty easy to me as a .50 move on 1000 shares?
Just thinking here.
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