-
Report: Jimmy John's Sets Sights On IPO
Wednesday, May 27, 2015 - 8:56am | 303Read More...Jimmy John's Franchise, LLC is eyeing an IPO that could value the gourmet sandwich chain at more than $2 billion, according to Reuters. Citing sources, Reuters noted that Jimmy John's is discussing a potential IPO with investment banks to serve as underwriters. Shares of the company could debut on...
-
Southern Concepts CEO Mitch Roth On Why Investing In Fast Casual Makes Sense
Saturday, May 16, 2015 - 9:28am | 1375Read More...With some reports indicating fast casual growth is slowing down, investors are left to wonder whether the once hot sector has suddenly become lukewarm. Southern Concepts Restaurant Group (OTC: RIBS) CEO, Mitch Roth told Benzinga why he thinks fast casual in general and his company’s...
-
Morgan Stanley Asks: How Does Shake Shack Stack Up?
Tuesday, February 24, 2015 - 9:31am | 274Read More...In a report published Tuesday, Morgan Stanley analyst John Glass initiated coverage of Shake Shack Inc (NASDAQ: SHAK) with an Equal-weight rating and $38 price target. According to Glass, the fundamental debate investors should focus on include: 1. Can Shake Shack's average unit volume...
-
Wunderlich Securities Cautious On Chipotle Mexican Grill Ahead Of Earnings
Monday, February 2, 2015 - 11:47am | 237Read More...Robert Derrington of Wunderlich Securities on Monday commented in a note that despite encouraging macro trends investors should maintain a cautious tone on Chipotle Mexican Grill, Inc. (NYSE: CMG) ahead of its fourth-quarter print on Tuesday. Shares are Hold rated with a price target raised to...
-
Brian Sozzi Suggests Game Plan For Shake Shack To Succeed
Friday, January 30, 2015 - 12:09pm | 406Read More...As shares of Shake Shack Inc (NYSE: SHAK) began trading at a hefty premium versus its initial pricing, investors may begin to question of the nearly $700 million valuation for a chain that operates only 62 locations is justified. Brian Sozzi of Belus Capital Advisors commented in an article on...
-
Wunderlich Downgrades Panera Bread, Cites Valuation Reasons
Tuesday, January 20, 2015 - 10:10am | 113Read More...Robert Derrington of Wunderlich Securities on Tuesday downgraded shares of Panera Bread Co (NASDAQ: PNRA) to Hold from Buy as shares have appreciated to within 8 percent of his $185 price target. Derrington notes that Panera Bread is expected to improve its same-store sales throughout 2015 and 2015...
-
UPDATE: Piper Jaffray Upgrades Sonic
Tuesday, January 13, 2015 - 11:33am | 87Read More...Nicole Miller Regan of Piper Jaffray on Tuesday upgraded shares of Sonic Corporation (NASDAQ: SONC) to Overweight from Neutral with a price target raised to $38 from a previous $28. According to the analyst, the fast-food chain will benefit from product innovation, strong marketing and technology...
-
Why Panera Bread Faces 'Significant Competitive Intrusion'
Monday, December 8, 2014 - 12:01pm | 303Read More...Karen Houlthouse of Goldman Sachs resumed coverage of Panera Bread Co (NASDAQ: PNRA) on Monday with a Sell rating and $139 price target. The analyst sees "significant risks of competitive intrusion" from newer, more food-forward and varied menu concepts. "The combination of...
-
Are Chili's and Applebee's Preparing to Replace Wait Staff With Tablets?
Monday, December 9, 2013 - 2:29pm | 577Read More...At the same time fast food workers are staging a series of one-day strikes in an attempt to force a hike in the minimum wage – fast casual chains like Brinker International's (NYSE: EAT) Chili’s and now, DineEquity's (NYSE: DIN) Applebee’s have taken steps to install electronic tablets at every...
