Morton's Restaurant Group

According to a report released today, McCormick & Schmick's Seafood Restaurants (NASDAQ: MSSR) was offered a $173.3 million buyout from LSRI Holdings, a subsidiary of Landry's Restaurants, and its owner Tilman J. Fertitta. Incorporated in the offer is a bid of $9.25 per share (all cash), which...

Piper Jaffray is maintaining its 4Q10 expectations, “including our $0.31 earnings per share estimate based on revenues of $84.7 million, partially driven by our +4.0% comp estimate.” Piper Jaffray said that it calculates that a 1.0% change in same-store sales equates to an approximate $0.05 impact...

Piper Jaffray reports that travel data showed continued improvement in November “which we highlight as a positive update for those concepts benefiting from our ‘high-end' consumer recovery thesis.” “Steadily improving, highly-correlated industry metrics remain in positive territory,” Piper Jaffray...

Oppenheimer has published a research report on Morton's Restaurant Group (NYSE: MRT) after the company experienced a challenging quarter and is having estimates lowered. In the report, Oppenheimer writes "MRT's 3Q10 recurring EPS were below our estimate, but in line with consensus and guidance....

Shares of Morton's Restaurant Group, Inc. (NYSE: MRT) were up 5% during early afternoon trading, a day after the company provided positive guidance. The stock opened at $4.51, well above yesterday's close of $4.39, then climbed as high as $4.85. For the next few hours, the stock slowly declined, as...