Stock Update (NASDAQ:PCLN): OpenTable Releases the Ultimate Guide on How to Open a Restaurant

[PR Newswire] – SAN FRANCISCO, Feb. 24, 2016 /PRNewswire/ — Today, OpenTable, the world ’s leading provider of online restaurant reservations and part of The Priceline Group (PCLN), has released “How to Open a Restaurant: The Modern Restaurateur’s Guide to Starting & Growing a Restaurant Business ,” to provide prospective restaurant owners with a roadmap for success. OpenTable partnered with Alison Arth, founder of hospitality consulting firm Salt & Roe with 16 restaurant openings under her belt, to create the essential guide of DO’s and DON’T’s for prospective restaurant owners to navigate through unchartered waters and prepare for the unexpected. The guide is ripe with cautionary tales and “if I only knew” anecdotes from Michelin-starred restaurateurs, including the restaurant groups of Daniel Boulud and Danny Meyer, and James Beard-nominated chefs Gavin Kaysen and Aaron London. Read more on this. The Priceline Group Inc. (PCLN) , valued at $61.87B, finished yesterday at $1,261.89. Today, shares have traded between $1,223.61 and $1,249.73 per share and has traded between $954.02 and $1,476.52 over the past year. Priceline (PCLN) shares are currently priced at 18.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 17.28x earnings multiple for the same period. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $9.65 per share, which would be $1.53 better than the year-ago quarter and a $0.20 sequential decrease. The full-year EPS estimate is $69.27 which would be a $10.94 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.12 Billion. If realized, that would be a 15.22% increase over the year-ago quarter. More recently, Goldman downgraded PCLN from Buy to Neutral (Jan 27, 2016). Previously, Wells Fargo Initiated PCLN at to Market Perform. When considering if perhaps the stock is under or overvalued, the average price target is $1,468.75, which is 0.00% above where the stock opened this morning. See more in (NASDAQ:PCLN) Similar Articles: Stock Update (NASDAQ:PCLN): Priceline says it will not challenge Expedia for HomeAway Market Update: priceline.com Incorporated (NASDAQ:PCLN) – Agoda.com Releases Their Global Guide to the Best Times for Hotel Deals Stock Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group Announces the Acquisition of AS Digital