Restaurants | nashvillepost.com

Former Books-A-Million CEO named Cracker Barrel CFO

Vanderbilt grad, ex-Army captain will start early next month

Mar 13, 2009 7:52 AM

J. Alexander's feels the recession's bite

The restaurant chain (Ticker: JAX) posted a fourth-quarter loss of almost $700,000 as same-store sales fell 8.7 percent. CEO Lonnie Stout and his team are taking some small steps to goose those numbers in '09.

The Company recently implemented a modest menu price increase of approximately 2%, which it believes will help to mitigate somewhat the earnings pressures resulting from declining same store sales. J. Alexander’s Corporation has also initiated several cost reduction measures which it does not believe will negatively affect guest experiences or perceptions.

Mar 13, 2009 1:37 AM

Andrew Chadwick's closes doors

Another denizen of Nashville's fine-dining scene falls victim to economy

Mar 12, 2009 2:31 PM

Cramer still believes

The CNBC host and market maven says Cracker Barrel – which has rallied from $18 to $22 in the past two weeks – continues to be a good turnaround story.

Mar 5, 2009 8:50 AM

Cracker Barrel downgraded

MKM Partners analyst Steve Anderson has lowered his rating the Lebanon-based restaurant chain from 'buy' to 'neutral,' taking back a nice October upgrade made when the stock (Ticker: CBRL) was 30 percent lower.

Mar 4, 2009 2:43 PM

Tangredis ordered into liquidation

Less than a month after filing for Chapter 11 protection, restaurant operator's case is converted to Chapter 7 as both Nashville locations close doors

Mar 3, 2009 12:59 PM

Hedge fund adds to O'Charley's stake

Crescendo Partners, which a year ago negotiated a deal to take three board seats at the restaurant chain, last week bought almost 100,000 shares of the company, lifting its stake to 13.4 percent. The purchases, detailed here and here, ramped up throughout the week: Monday - 815 shares Tuesday - 5,002 Wednesday - 13,983 Thursday - 17,000 Friday – 59,934 At the end of it all, O'Charley's stock (Ticker: CHUX) wrapped up the week down 24 percent and trading at a tenth of its June 2007 value.

Mar 1, 2009 11:00 PM