SoBro's The Johnny Cash Museum will celebrate a grand opening on Thursday, May 30. Bill Miller's creation has been open for a few weeks (with the gift shop having been well established) and has quickly earned high praise. Area tourism officials trust the civic offering will deliver the city an attraction that is popular with locals and visitors alike. Jessica Nicholson and MusicRow.com have the story here.
Richard Close at Avondale Partners has upgraded shares of HealthStream to 'market outperform' from 'market perform,' saying the health care education and talent management company can continue to grow on a number of fronts, including by cross-selling its products. "We have an upward bias to our forecasts going forward as the company continues to execute on multiple growth levers as illustrated in April with 1Q results," said Close, whose new price target of $31 (from $25) is above HealthStream record high set last fall. Close's call lifted HealthStream almost 5 percent to $25.69 Monday. The stock (Ticker: HSTM) is now up slightly on the year.
Just down the hall, Mark Montagna also is upbeat about the prospects for shares of shoe and hat retailer Genesco. Positive signals from rival Shoe Carnival, especially in canvas and fabric shoes, are "likely a solid read" to Genesco's performance, Montagna says. Although he sees fiscal Q1 being a bit of a bummer, Montagna expects consumers to now be making up for lost February and March sales. He has raised his price/earnings ratio target to 13 from 12, which in turn has lifted his price target for Genesco shares (Ticker: GCO) to $70 from $66. Genesco rose 1.7 percent Monday to close at $69 and change. The stock is up 26 percent year to date.
The Brothers Goldberg are at it once more. Our colleague Dana Kopp Franklin reports that the Goldbergs (Benjamin and Max) and their Strategic Hospitality (Patterson House, The Catbird Seat, Paradise Park Trailer Resort) have announced that Pinewood Social will open later this year in one of the renovated Trolley Barns at Rolling Mill Hill. Get the details here.
The average per-gallon price of regular gas in Tennessee was $3.27 as of Sunday, unchanged compared to the figure from the previous week, according to AAA.
In Nashville, the average per-gallon price of regular gas was $3.30 as of Sunday, a four-cent increase compared to the figure from the previous week. (See chart below.)
As of Sunday, the national average price was $3.64, a two-cent decrease. More specifically, and to compare to Tennessee, Georgia’s per-gallon average of $3.47 rose two cents.
“Motorists who traveled during the holiday weekend enjoyed stable gas prices," Jessica Brady, AAA spokeswoman, The Auto Club Group, said in a release. “This week looks to be another relatively stable week at the pump."
The cost for a barrel of oil fell last week, closing at $94.15 on the New York Mercantile Exchange — $1.87 less than the week prior, according to AAA.
The cliffhanger ending to the first season of Nashville on ABC leaves an important question up in the air. In this week's issue of the Scene, Adam Gold writes that the shooting location for Season 2 is up in the air — and that the drama does not just involve the incentives local and state officials could pony up. Sources say one of the show's stars prefers California and that the day-to-day operations could stand to improve.
If the show does indeed return to Music City for Season 2, line producer Loucas George and production supervisor Don Bensko won't be returning with it. While sources on the show's side say that's in part due to Lionsgate's unhappiness with spendthrift shoots and episodes cutting close to deadline, others say that wasn't the fault of George, Bensko or the crew. They argue that delayed scripts, slow turnaround on the show's music, and the fact that Lionsgate generally has little experience producing a network series led to a rigorous series of 16-hour days and unforeseen expenses — such as hemorrhaging a fortune in overtime pay.
Avondale Partners analysts have launched coverage of shares of Brentwood-based Tractor Supply with an 'outperform' rating. The firm's price target of $127 is the highest on the Street, topping the recently hiked forecasts by analysts at Oppenheimer and Janney Montgomery Scott. Tractor Supply (Ticker: TSCO) closed Monday trading at $112 and change.
Over at Barclays Capital, analyst Paul Cheng has lifted his target for shares of Delek Logistics to $36 from $33. Cheng still has an 'outperform' rating on Delek Logistics (Ticker: DKL), which have climbed more than 50 percent so far in 2013.