Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Roth Capital Ups Checkers Drive-In to 'Buy'


Roth Capital upgraded Checkers Drive-In Restaurants (CHKR) to buy from neutral.

Analyst Anton Brenner raised the 76 cents 2003 earnings per share estimate to $1.00, reflecting strong sales momentum and margin improvement in the first half of the year. He notes although pre-tax income is estimated to increase 24% in 2004, he estimates earnings per share will decline to 80 cents, as Checkers accrues an income tax expense, however, cash flow should not be affected.

Brenner expects effective marketing, reductions in drive-thru times, and training and incentive programs may sustain same-store sales increases of 3% to 3.5% through 2004. With the appointment a of new CEO, Checkers should be more communicative with investors. Brenner set a $16 12-month target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus