NEW YORK, January 9, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including EZCORP (NASDAQ: EZPW), Fairway Market (NASDAQ: FWM), Famous Dave's (NASDAQ: DAVE), Fastenal (NASDAQ: FAST), and Fiesta Restaurant (NASDAQ: FRGI). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
EZPW Research Report: ( http://get.analystsreview.com/pdf/?c=EZCORP&d=09-Jan-2015&s=EZPW ),
FWM Research Report: ( http://get.analystsreview.com/pdf/?c=Fairway%20Market&d=09-Jan-2015&s=FWM ),
DAVE Research Report: ( http://get.analystsreview.com/pdf/?c=Famous%20Dave%27s&d=09-Jan-2015&s=DAVE ),
FAST Research Report: ( http://get.analystsreview.com/pdf/?c=Fastenal&d=09-Jan-2015&s=FAST ),
FRGI Research Report: ( http://get.analystsreview.com/pdf/?c=Fiesta%20Restaurant&d=09-Jan-2015&s=FRGI ).
Analyst Update: Quarterly Earnings, Leadership Changes, Monthly Sales, and Operational Updates
Reviewed by: Rohit Tuli, CFA®
The U.S. markets rose for the second consecutive session on Thursday, with S&P 500 index erasing its 2015 declines, as steadying crude oil prices coupled with dovish comments from a leading U.S. Federal Reserve official further boosted the appetite for risky assets. Investors also cheered the latest U.S. unemployment data which showed that jobless claims fell last week, bolstering hopes of faster growth in the world's biggest economy this year. The Dow Jones Industrial Average also reversed this year's declines and ended higher by 1.84% at 17,907.87 on Thursday. S&P 500 jumped 1.79% to close at 2,062.14, and the Nasdaq Composite gained 1.84% to finish at 4,736.19. European shares also rose on Thursday amidst rising prospect of new stimulus from the European Central Bank. Asian equity markets were also mostly higher on Thursday, driven by strong U.S. data and hopes of fresh stimulus from ECB.
EZCORP, Inc. (EZCORP), a leading provider of easy cash solutions for consumers, has narrowed its net loss from continuing operations to $0.04 per share in fourth quarter fiscal 2014 from net loss of $0.37 per share in the year ago period. During the quarter, the Company also completed the review of its business units and initiated a number of actions designed to align organizational structure with strategic focus.
Fairway Group Holdings Corp. (Fairway Market) announced the retirement of Howard Glickberg from the post of Vice Chairman of Real Estate Development, with immediate effect. However, Glickberg, who is also the grandson of the Company's founder, would remain on the Company's Board.
Famous Dave's of America, Inc. (Famous Dave's) announced closure of three restaurants in the Richmond, Virginia area, and it anticipates incurring impairment charges at up to four additional company-owned restaurants. As a result, the Company expects to recognize write-off expenses during Q4 2014 of up to approximately $4.5 million.
Fastenal Company's (Fastenal) net sales in the month of November 2014 increased 9.6% YoY to $286.3 million. Daily average sales during the month were up 15.3% YoY at $15.1 million.
Fiesta Restaurant Group, Inc. (Fiesta Restaurant) reported 10.4% YoY rise in total revenues for third quarter fiscal 2014. Revenue growth was led by 21 net company-owned restaurant openings and comparable restaurant sales growth of 5.9% at Pollo Tropical and 3.5% at Taco Cabana, respectively.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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