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Steak N Shake (SNS)
The Steak n Shake Co. became the restaurant industry’s most expensive stock listing on Monday after the company completed a 1-for-20 reverse stock split that left shares closing at $293.00 each.
The company’s reverse split was undertaken to attract “knowledgeable, long-term owners,” said Steak n Shake’s CEO, Sardar Bilgari. Steak n Shake, which posted last week a fourth-quarter jump in sales and profit, is in the process of reorganizing its operations into that of a holding company, and has agreed to acquire another restaurant company, Western Sizzlin’ Co., which also is helmed by Biglari.
Dec 22 · 2:52:00 PM · Source: Restaurant News
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by Rich Pike
Amazon (AMZN)
UBS raised their price target for Amazon.com from $140 to $160.
UBS maintains its Buy rating for Amazon. UBS has raised its EPS estimates for 2009 and 2010 from $1.91 to $1.92 and from $2.82 to $2.93, respectively.
Dec 18 · 1:53:00 PM · Source: Benzinga
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by Rich Pike
Clear Channel Outdoor Holdings Inc. (CCO)
Wedbush Morgan downgraded Clear Channel Outdoor Holdings Inc. from Outperform to Neutral.
Dec 18 · 1:18:00 PM
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by Rich Pike
Career Education Corporation (CECO)
RBC Capital Mkts downgraded Career Education Corporation from Outperform to Perform.
Dec 18 · 1:17:00 PM
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by Rich Pike
Dana Holding Corporation (DAN)
JP MorganDana Holding Corporation from Neutral to Overweight.
Dec 18 · 12:57:00 PM
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by Rich Pike
Children's Place (PLCE)
Sterne AgeeChildren's Place from Neutral to Buy.
Dec 18 · 12:54:00 PM
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by Rich Pike
FGX International Holdings (FGXI)
Jefferies & Co downgraded FGX International Holdings from Buy to Hold.
Dec 17 · 8:48:00 PM
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by Rich Pike
FGX International Holdings (FGXI)
Sun Trust Rbsn Humphrey downgraded FGX International Holdings from Buy to Neutral.
Dec 17 · 8:48:00 PM
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by Rich Pike
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