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SunTrust Still Expecting A Strong Comps Recovery At Chipotle
Wednesday, June 22, 2016 - 10:01am | 191Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) shares have underperformed their restaurant peers over the past month, declining 12.9 percent. Jake Bartlett of SunTrust Robinson Humphrey maintains a Buy rating on the company, with a price target of $550. SSS Recovery Likely Bartlett expressed a continued...
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At Least One Analyst Is Confident Chipotle Sales Will Recover
Wednesday, April 27, 2016 - 10:41am | 251Read More...At a time when Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are facing investor backlash, SunTrust's Jake Bartlett maintained his Buy rating and $550 price target on the stock, betting that sales will recover at the burrito chain. "Following weak April, it's time to pick the low...
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SunTrust Raises Price Target On McDonald's Ahead Of Q1 Results
Wednesday, April 20, 2016 - 10:09am | 135Read More...McDonald's Corporation (NYSE: MCD) is scheduled to report its 1Q results on April 22. SunTrust Robinson Humphrey’s Jake Bartlett maintained a Buy rating for the company, while raising the price target from $135 to $145. McDonald's US same-store sales for the quarter may be...
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SunTrust's Barlett Highlights 'Recovery Intact' At Chipotle, Raises Target To $550 And Maintains Buy
Wednesday, March 16, 2016 - 8:33am | 170Read More...SunTrust Robinson Humphrey’s Jake Bartlett reiterated a Buy rating on Chipotle Mexican Grill, Inc. (NYSE: CMG), while raising the price target from $520 to $550. Same-Store Sales Decline Although the company’s February same-store sales and 1Q16 EPS guidance were both lower than...
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Cracker Barrel Shares Fall After Earnings; Here's What A Couple Of Analysts Think Now
Wednesday, February 24, 2016 - 4:12pm | 380Read More...Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) fell as much as 3 percent Wednesday after SunTrust downgraded the stock to Neutral from Buy on lower same-store sales forecast and declining market share gains. Cracker Barrel lowered its implied fiscal 2016 same-store sales...
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Did McDonald's Just Change The '2 For $2' Menu To '2 For $5'?
Thursday, February 18, 2016 - 9:08am | 265Read More...Shares of McDonald's Corporation (NYSE: MCD) appreciated 24.04 percent over the past year, rising almost to the 52 week high on February 1 at $124.61. Jake Bartlett of SunTrust Robinson Humphrey has maintained a Buy rating on the company. Checks suggest that the company has modified...
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SunTrust: Chipotle's Same-Store Sales Recovery 'Will Start...Now!'
Wednesday, February 3, 2016 - 1:46pm | 283Read More...SunTrust Robinson Humphrey issued a company report on Chipotle Mexican Grill, Inc. (NYSE: CMG) after the company reported 4Q15 earnings. The firm rates Chipotle as a Buy, with a price target lowered from $544 to $520. Analyst Jake Bartlett wrote, "Over shadowing its 4Q EPS beat, CMG...
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Why Shake Shack And Jack In The Box Are Merely Neutral Rated At SunTrust
Wednesday, January 6, 2016 - 11:24am | 522Read More...Shake Shack Inc (NYSE: SHAK) shares are down 13 percent since December 7, while shares of Jack in the Box Inc. (NASDAQ: JACK) have lost 7 percent. SunTrust Robinson Humphrey’s Jake Bartlett initiated coverage of both the companies with Neutral ratings. The price target for Shake Shack...
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SunTrust Initiates Quick Service, Fast Casual Restaurant Names
Thursday, October 8, 2015 - 12:07pm | 556Read More...SunTrust has initiated coverage on nine restaurant stocks in the quick service and fast casual space. Here’s a summary of what analyst Jake Bartlett had to say. McDonald’s Corporation (NYSE: MCD) The firm initiates McDonald’s at Buy with a price target of $117. Bartlett...
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Analyst Believes Wingstop Has 'One Of The Strongest Unit Growth Stories' In Restaurant Sector
Thursday, October 8, 2015 - 11:07am | 326Read More...Shares of Wingstop, Inc. (NASDAQ: WING) have increased 15.63 percent over the last five trading days, reaching a high of $27.38 on Wednesday. SunTrust Robinson Humphrey’s Jake Bartlett initiated coverage of the company with a Buy rating and a price target of $32. Bartlett believes...
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SunTrust Confident In El Pollo Loco's Unit Growth Story; Starts At Buy
Thursday, October 8, 2015 - 10:25am | 293Read More...Shares of El Pollo LoCo Holdings, Inc (NASDAQ: LOCO) have increased 10.6 percent over the last five trading days to reach a high of $11.40 on October 7. Jake Bartlett of SunTrust Robinson Humphrey has initiated coverage of El Pollo LoCo with a Buy rating and price target of $17. Barlett...
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Wendy's Is Reaching An Inflection Point; SunTrust Starts At Buy
Thursday, October 8, 2015 - 10:25am | 287Read More...Wendys Co (NASDAQ: WEN) shares are down 16 percent in the last six months, after touching a high of $11.57 on May 20. SunTrust Robinson Humphrey’s Jake Bartlett initiated coverage of the company with a Buy rating and a price target of $11. The company is reaching an inflection point...
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SunTrust Initiates Chipotle With Buy Rating, $850 Target
Thursday, October 8, 2015 - 9:03am | 317Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) shares have gained 5 percent year-to-date, and have been range-bound between $700 and $750 since the last week of August. SunTrust’s Jake Bartlett initiated coverage of the company with a Buy rating and a price target of $850. Mentioning that...
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SunTrust Lovin' McDonald's, Says Investors Are Being 'Paid To Wait' For A Turnaround
Thursday, October 8, 2015 - 8:53am | 404Read More...Shares of McDonald's Corporation (NYSE: MCD) have gained more than 8 percent year-to-date. Jake Bartlett of SunTrust Robinson Humphrey sees further upside in the stock as he initiated coverage with a Buy rating and $117 price target. Bartlett noted many initiatives in place could...
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Morgan Stanley Initiates Coverage On El Pollo Loco
Tuesday, August 19, 2014 - 8:37am | 194Read More...Shares of El Pollo Loco (NASDAQ: LOCO) are trading lower in Tuesday's pre-market session. Morgan Stanley analyst Jake Bartlett came out after the quiet period expiration and initiated Loco at Underweight with a $22 price target. Bartlett feels Loco is richly priced for its growth and that...
