O'Charley's parent to be spun out by year's end

American Blue Ribbon Holdings pushes adjusted EBITDA margin to 6%; J. Alexander's distribution a month away
Jul 30, 2015 2:49 PM
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Chauhan targets Turtle Anarchy space for microbrewery

Maneet Chauhan — the New York- and Nashville-based chef whose Chauhan Ale and Masala House in the North Gulch has captured attention, in part, for its Indian-spiced beer — will team with Derrick Morse of Cool Springs Brewery to operate a microbrewery in the Franklin space Turtle Anarchy will soon vacate. The facility will brew, among others, some Indian cuisine-influenced beers.

Chris Chamberlain, who knows his craft ales and lagers, has the details here at Post sister pub Nashville Scene.

 

Jul 30, 2015 8:25 AM

Sinema owners plan next restaurant for Melrose area

Details of future business yet to be disclosed
Jul 29, 2015 7:00 AM

Insurance agent sues WTVF for defamation

Investigative piece prompts $1.5M claim
Jul 27, 2015 2:38 PM

Nashville’s per-gallon gas price average dips 3 cents

The average per-gallon price of regular gas in Nashville on Sunday was $2.50, down three cents compared to the mark of a week ago and down eight cents from the figure of four weeks prior.

This time in 2014, the average per-gallon price of regular gas in Nashville was $3.36.

Relatedly, Tennessee’s average price was $2.42 Sunday, down five cents compared to the figure from the previous week, according to AAA The Auto Club Group.

The price was $2.55 four weeks ago and $3.31 a year ago. In Tennessee, the peak price to date this year has been $2.58 (on June 17).

The national average Sunday was $2.72, five cents more than the mark from the prior Sunday.

"Motorists are finally getting some consistent relief at the pump thanks to declining oil prices," Mark Jenkins, spokesman for AAA The Auto Club Group, said in the release. "By this fall, prices could creep closer to levels seen at the beginning of this year, possibly even below $2 a gallon in some markets, as long as oil remains low."  

At the close of Friday’s formal trading on the NYMEX, West Texas Intermediate crude oil settled at $48.14 per barrel. The weekly average price for oil was $49.26, the lowest average since the week ending on April 2.

For the first time since April, WTI crude oil closed below $50 per barrel for two consecutive days last week, due to a surplus in crude inventories and speculation that the market will remain oversaturated in the near term.

Jul 27, 2015 11:36 AM

Analyst action: Pinnacle, Genesco

Analysts at Zacks Investment Research have hiked their rating on shares of Pinnacle Financial Partners. They now rate the Nashville-based bank holding company a 'buy' instead of a 'hold' and see the shares climbing to $59 in the coming quarters. Pinnacle (Ticker: PNFP) ended last week at $53.10.

At Macquarie, Laurent Vasilescu and Stephanie Wakeham have begun covering shares of apparel retailer Genesco with a 'neutral' rating that balances the strong performance at the company's Journeys brand with the struggles of its Lids concept. Their target for Genesco (Ticker: GCO) is $69, about 10 percent higher than where the stock finished Friday's session.

Jul 27, 2015 8:41 AM

Barbecue joint headed for downtown Franklin

The team behind Alabama-based Moe's Original Bar B Que has begun working on its second Middle Tennessee location, the downtown Franklin site formerly home to both a Copper Kettle outpost and Uncle Bud's Catfish Shack. The restaurant is expected to open its doors around Labor Day and be able to house 85 people inside and another 50 on a patio. Check out more info here.

Jul 24, 2015 12:48 PM

Earnings wrap: Healthways, Sitel

Population health management company surprises with profit; currency swings limit call center owner gains
Jul 24, 2015 6:48 AM

Earnings wrap: Tractor Supply, Noranda

Retailer raises guidance; aluminum maker delays plans to hike production
Jul 23, 2015 7:26 AM

Turnip Truck adds value-priced product line

Nashville-based natural foods grocery company Turnip Truck Urban Fare LLC has added value-priced product line Field Day at both its East Nashville and Gulch locations.

According to a release, the two stores are carrying more than 100 Field Day items, including pantry staples, gluten-free products and kid-friendly options. 

In addition, each month Turnip Truck will promote a selection of in-season produce staples for sale at discounted prices. 

The announcement comes as Turnip Truck prepares to open a new location on Woodland Street in East Nashville this fall.

The company did not disclose in the release any costs to get the Field Day line and displays up and running.

“We want to give all of our neighbors access to high quality food, and this is a major step in that direction,” John Dyke (pictured), Turnip Truck founder and owner, said in the release. “With these budget-friendly options, we are opening the doors wide for families and individuals who want to make the best possible choices but may have previously felt priced out of doing so.”

The Field Day line is available through United Natural Foods, Inc., an independent national distributor. More than 80 percent of Field Day products are non-GMO product verified, and 87 percent of the items are USDA certified organic, according to the release.  

Jul 22, 2015 10:42 AM