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Enter Symbol:
 
Cke Restaurants, Inc. (CKR) [hlAlert]

Rating:
Outperform
CKR
down 23.98 %

Cke Restaurants, Inc. (CKR) upgraded to Outperform with price target $12 by Wedbush Morgan

Posted on: Monday,  Sep 21, 2009  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Outperform Cke Restaurants, Inc. (NYSE: CKR) on 09/21/2009, when the stock price was $11.13. Since
then, Cke Restaurants, Inc. has lost 23.99% as of 07/12/2010's recent price of $8.46.
If you would have followed this Wedbush Morgan's recommendation on CKR, you would have lost 23.98% of your investment in 294 days.

CKE Restaurants, Inc. (CKE) owns, operates, franchises or licenses 3,116 quick-service restaurants, which are referred to in the Company?s industry as QSRs, primarily under the brand names Carl?s Jr. and Hardee?s. Carl?s Jr. restaurants are primarily located in the Western United States. The Hardee?s restaurants are located in the Southeastern and Midwestern United States. During the fiscal year ended January 26, 2009 (fiscal 2009), CKE opened seven company operated restaurants, acquired 37 restaurants from franchisees, sold 102 restaurants to franchisees and closed 20 restaurants.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/21/2009 9:25 AM Buy
None
11.13 12.00
as of 12/31/2009
1 Week up  44.91 %
1 Month up  48.69 %
3 Months up  19.63 %
1 YTD up  12.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/13/2008 9:25 AM Hold
None
6.52 8.00
8/21/2008 10:25 AM Hold
None
12.87 14.00
2/7/2008 10:25 AM Buy
None
11.75 14.00
12/14/2007 10:25 AM Buy
None
14.78 17.00
11/15/2007 11:25 AM Buy
None
14.90 18.00
9/20/2007 3:25 PM Buy
None
15.45 19.00
8/23/2007 11:25 AM Buy
None
17.18 21.00

(*) Stock Price at the time of the recommendation.
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