[NASDAQ - BYBI] Back Yard Burgers, Inc.
Profile:
biz.yahoo.com
SEC FILINGS:
edgar-online.com
Insider Trades:
biz.yahoo.com
Price and Volume(updated Mar 25, 1999)
52-Week Low $1.50
Recent Price $1.50
52-Week High $3.813
Beta 0.15
Daily Volume (3-month avg) 11.1K
Share-Related Items
Market Capitalization $6.89M
Shares Outstanding 4.59M
Float 3.40M
Dividend Information
Annual Dividend none
Per-Share Data
Book Value (mrq) $1.99
Earnings (ttm) $0.25
Sales (ttm) $5.83
Cash (mrq) $0.15
Valuation Ratios
Price/Book (mrq) 0.75
Price/Earnings (ttm) 6.02
Price/Sales (ttm) 0.26
Income Statements
After-Tax Income (*ttm) $480.0K
Sales (ttm) $27.4M
Profitability
Profit Margin (*ttm) 1.7%
Management Effectiveness
Return on Assets (ttm) 8.15%
Return on Equity (ttm) 13.42%
Financial Strength
Current Ratio (mrq) 0.97
Long-Term Debt/Equity (mrq) 0.49
Total Cash (mrq) $703.0K
Short Interest
Shares Shortas of Feb 8, 1999 2,000
Short Ratio 0.17
Lattimore M. Michael, CEO and Chairman says, “We believe our continuing positive results are due to our decision to reposition the Company from primarily a quick-service, double-drive-thru concept to primarily a fast-casual, single-drive-thru / dine-in concept. System-wide comparable same-store sales rose 6.0% for the year even as new concepts moved into our markets and our competitors continued deep discounting programs. This year's same-store sales increase is on top of a 7.0% increase last year. We believe this to be a favorable indicator of the positive direction of the Company's strategy and its ability to compete in a crowded marketplace.”
About Back Yard Burgers:
As of January 2, 1999, the Company's restaurant system comprised 81 units, including 33 Company-operated and 48 franchised stores compared with 77 units in the prior year, comprised of 32 Company-operated and 45 franchised stores.
Back Yard Burgers operates and franchises quick-service and fast-casual restaurants in Memphis, Little Rock, Nashville and other markets across 15 states. The restaurants specialize in charbroiled, freshly prepared, great-tasting food. As its name implies, Back Yard Burgers strives to offer the same high-quality ingredients and special care typified by outdoor grilling in the back yard. Its menu features made-to-order gourmet hamburgers and chicken sandwiches -- charbroiled over an open flame, fresh salads, chili and other special entrees as well as hand-dipped milkshakes, fresh-made lemonade and fresh-baked cobblers.
During the fourth quarter, construction was completed on a dining room addition to a Company-operated store in Memphis, Tennessee. Projects currently underway include the construction of two new Company-operated units with dine-in facilities in Desoto County, Mississippi, near Memphis; the retrofit of a double drive-thru to a single drive-thru / dine-in in Nashville, Tennessee; and the remodeling and retrofit of a second Company-operated unit in Nashville to enlarge its dining room and make it a single drive-thru operation.
Year-end results:http://biz.yahoo.com/bw/990203/tn_back_ya_1.html
Total revenues for the year ended January 2, 1999, rose 5.1% to $27,364,000 from $26,034,000 last year, resulting from an increase in same-store sales.
The Company's net income for fiscal 1998 was $1,171,000, or $.25 per diluted share, versus net income of $162,000, or $.04 per diluted share for the prior year. For the fourth quarter of 1998, net income was $430,000, or $.09 per diluted share, compared with a net loss of $261,000, or $.06 per diluted share, for the year-earlier period.
NOTE: Do your own due diligence. This is not a recommendation to buy or sell a stock. My opinions are my own. I have started a small long position in BYBI. I am NOT paid by anyone to promote or demote any stock, but am a private investor. Penny stocks are to be considered risky gambles and not investments. Consult your stockbroker for advice before buying a penny stock. |
