Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chuy's Holdings (NASDAQ: CHUY ) were getting spat out by investors today, falling as much as 12% after an unsavory earnings report.
So what: The restaurant chain of the same name posted a 24.6% gain in sales to $46.7 million, slightly ahead of estimates, and comparable sales were up 2.3%. Earnings per share jumped from a penny a year ago to $0.16, beating expectations by $0.02. CEO Steve Hislop said, "We generated impressive revenue growth during a challenging quarter for the industry," and he credited operators for driving profitability. Chuy's narrowed its EPS guidance for the year, saying it now expects EPS of $0.67 to $0.69, in line with estimates, and sees same-store sales growth of 1% to 1.5%.
Top Penny Companies To Invest In Right Now: BioLase Technology Inc.(BLTI)
BIOLASE Technology, Inc., a medical technology company, develops, manufactures, and markets lasers and related products focused on technologies for improved applications and procedures in dentistry and medicine. Its principal products provide dental laser systems that allow general dentists, periodontists, endodontists, oral surgeons, and other specialists to perform a range of dental procedures, including cosmetic and complex surgical applications. The company offers two categories of laser system products comprising Waterlase systems and Diode systems. The Waterlase systems use a combination of water and laser to perform dental procedures primarily cutting soft and hard tissue plus bone. Its Waterlase systems include the Waterlase iPlus, the Waterlase MD Turbo, and the Waterlase C100 All-Tissue Dental Laser System. The Diode systems consists of the ezlasetm and iLase, semiconductor diode lasers to perform soft tissue, hygiene, and cosmetic procedures, including teeth whi tening and pain relief. The company also provides medical systems, such as the Diolase 10 diode laser for dental and medical pain relief applications, as well as disposable products and related accessories for its laser systems. In addition, it offers dental imaging equipment. BIOLASE Technology, Inc. sells its products through direct sales force and a network of independent distributors in the United States and internationally. The company was formerly known as Societe Endo Technic, SA and changed its name to BIOLASE Technology, Inc. in 1994. BIOLASE Technology, Inc. was founded in 1984 and is headquartered in Irvine, California.
Advisors' Opinion:- [By Goodwin]
BioLase Technology is a medical-technology company that manufactures and markets lasers, related products and services focused on technologies for improved applications and procedures in dentistry and medicine.
Shares of BioLase surged in late January after the company issued annual revenue guidance for 2011 in the range of $55 million to $60 million, representing growth of 120% to 140% over 2010.
Current Share Price: $4.70 (March 29)
First Quarter Total Return: 168%
Analyst Ratings: BioLase doesn't have a following from Wall Street research firms. However, TheStreet Ratings has a "sell" rating on BioLase, saying the company's biggest weakness has been declining revenue. "Since the same quarter one year prior, revenues slightly dropped by 6.1%," the March 20 research note reads.
Top Penny Companies To Invest In Right Now: Orchids Paper Products Company(TIS)
Orchids Paper Products Company manufactures private label tissue products for the consumer market in the United States. Its product line includes paper towels, bathroom tissue, and paper napkins. The company also offers its products under the Orchids, Velvet, Colortex, Ultra Valu, Dri-Mop, Big Mopper, Soft & Fluffy, Tackle, My-Size, and Care brand names. It serves value retailers (dollar stores), discount retailers, grocery stores, grocery wholesalers and cooperatives, and convenience stores. The company markets its products directly, as well as through independent brokers. Orchids Paper Products Company was founded in 1976 and is headquartered in Pryor, Oklahoma.
Top Beverage Companies To Invest In 2014: United Bancorp Inc.(UBCP)
United Bancorp, Inc. operates as the holding company for The Citizens Savings Bank that provides various commercial and retail banking products and services in the northeastern, eastern, southeastern, and south central Ohio. Its deposit products include interest-bearing deposits, certificates of deposit, demand deposits, savings accounts, NOW accounts, and money market deposits. The company?s loan portfolio comprises commercial, real estate, installment, and consumer loans, as well as letters of credit and lines of credit. It also offers brokerage, night deposit, safe deposit box, and automatic teller machine services. United Bancorp provides banking services through its main office and stand alone operations center in Martins Ferry, Ohio; and 19 branches in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties, as well as in the surrounding localities. The company was founded in 1974 and is headquartered in Martins Ferry, Ohio.
Top Penny Companies To Invest In Right Now: Chiquita Brands International Inc. (CQB)
Chiquita Brands International, Inc., together with its subsidiaries, engages in the distribution and marketing of bananas and fresh produce under the Chiquita and other brand names worldwide. The company operates in three segments: Bananas, Salads and Healthy Snacks, and Other Produce. The Banana segment sources, transports, markets, and distributes bananas to retailers and wholesalers, and chain stores. It also engages in the cultivation and production of bananas. The Salads and Healthy Snacks segment offers value-added salads under the Fresh Express and other labels; and fresh vegetable and fruit ingredients used in foodservice, healthy snacks, and processed fruit ingredient products. This segment also provides fresh-cut products, such as lettuce, tomatoes, spinach, cabbage, and onions to foodservice distributors who resell these products to foodservice operators. It distributes Fresh Express branded products to food retailers, foodservice distributors, and quick-service restaurants; and fresh produce foodservice offerings primarily to third-party distributors for resale principally to quick-service restaurants in the United States. The Other Produce segment engages in sourcing, marketing, and distributing fresh fruits and vegetables other than bananas in Europe and North America. It offers grapes, pineapples, melons, kiwis, tomatoes, and avocados. The company was founded in 1899 and is headquartered in Cincinnati, Ohio.
Top Penny Companies To Invest In Right Now: First Security Group Inc.(FSGI)
First Security Group, Inc. operates as the holding company for FSGBank that provides banking and financial products and services to various communities in eastern and middle Tennessee and northern Georgia. The company offers various deposit services, such as checking, savings, and money market accounts, as well as certificates of deposit. It offers commercial loans, including loans to smaller business ventures, credit lines for working capital, short-term seasonal or inventory financing, and letters of credit; real estate?construction and development loans to residential and commercial contractors and developers; and consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans. The company also offers commercial mortgage loans to finance the purchase of real property; commercial leasing for new and used equipment, fixtures, and furnishings to owner-managed businesses; and leasing for forklifts, heavy equipment, and other machinery to owner-managed businesses primarily in the trucking and construction industries. It also provides trust and investment management, mortgage banking, financial planning, and electronic banking services, such as Internet banking, online bill payment, cash management, ACH originations, wire transfers, direct deposit, traveler?s checks, safe deposit boxes, United States savings bonds, and remote deposit capture, as well as equipment leasing. The company operates 38 full-service banking offices and 1 loan and lease production office. Its market areas include in Bradley, Hamilton, Jackson, Jefferson, Knox, Loudon, McMinn, Monroe, Putnam, and Union counties, Tennessee; and Catoosa and Whitfield counties, Georgia. First Security Group was founded in 1974 and is headquartered in Chattanooga, Tennessee.
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