-
$400 For Dinner At Olive Garden? $1,699 At Ruby Tuesday? Welcome To New Year's Eve In Times Square
Monday, December 28, 2015 - 2:56pm | 186Read More...Darden Restaurants, Inc. (NYSE: DRI) is going high-end for one night and charging $400 a guest at its Olive Garden chain. According to Market Watch, Olive Garden in Times Square will be charging guests $400 for dinner on New Year's Eve. The price includes a DJ, open bar, and a buffet meal...
-
Vetr Crowd Bullish On Yum Brands, Upgrades Stock's Rating To 4 Stars
Thursday, December 24, 2015 - 12:05pm | 170Read More...Shares of Yum! Brands, Inc.< (NYSE: YUM) are nearly flat since the start of 2015, but the Vetr crowd is optimistic on the stock's prospects heading into 2016. The Vetr crowd upgraded their rating on Yum Brands' stock to four stars out of a possible 5-stars. In fact, shares of Yum...
-
Vetr Crowd Downgrades Sonic To 2-Star Stock
Thursday, December 24, 2015 - 11:18am | 133Read More...Shares of Sonic Corporation (NASDAQ: SONC) gained more than 17 percent since the start of 2015. Despite the relative outperformance versus some of its peers, the Vetr crowd isn't confident in the stock's ability to continue outperforming heading into 2016. The Vetr crowd downgraded...
-
Bob Evans In Freefall After Sales Miss: What To Know
Wednesday, December 2, 2015 - 11:07am | 491Read More...Shares of Bob Evans Farms Inc (NASDAQ: BOBE) hit a new 52-week low of $36.56 on Wednesday. Bob Evans Farms reported its second-quarter results on Tuesday in which net sales fell 4.3 percent year-over-year to $230.7 million – short of the $323.3 analysts were expecting. Despite the...
-
Jimmy John's CEO Abandons IPO Plan, Notes 'Table Was Set'
Tuesday, December 1, 2015 - 3:33pm | 432Read More...Jimmy John's is a popular sandwich chain with more than 2,000 locations across the US. The company's CEO Jimmy John Liautaud spent the past two years exploring a potential IPO. The executive scrapped an initial public offering, noting the "table was set" but he isn't...
-
3 Restaurant Stocks Winning From Low Beef Costs Heading Into Next Year
Monday, November 2, 2015 - 10:03am | 439Read More...Alton Stump of Longbow Research commented in a note that beef costs have fallen over the last few quarters and bodes well for the restaurant sector heading into 2016. The analyst singled out Bloomin' Brands Inc (NASDAQ: BLMN), Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), and Texas...
-
What Everyone Is Saying About Chipotle After The Earnings Crash
Wednesday, October 21, 2015 - 11:45am | 894Read More...Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) plunged more than 7 percent after Wednesday's opening bell. Chipotle reported its third-quarter results on Tuesday. The company earned $4.59 per share, short of the $4.63 analysts were expecting; forward looking guidance also fell short of...
-
Wedbush Previews Q3 Earnings In Restaurant Group: Likes Panera And Starbucks, But Cautious On Buffalo Wild Wings And Chipotle
Friday, October 16, 2015 - 11:59am | 376Read More...Nick Setyan of Wedbush previewed the Restaurant sector ahead of operators reporting their quarterly results. Setyan favors Panera Bread Co (NASDAQ: PNRA) and Starbucks Corporation (NASDAQ: SBUX). Setyan is cautious on Buffalo Wild Wings (NASDAQ: BWLD) and Chipotle Mexican Grill, Inc. (...
-
Deflation Could Be Coming To Casual Dining
Monday, September 28, 2015 - 4:08pm | 553Read More...Andrew Strelzik, BMO Capital Markets' restaurants analyst, sees food costs turning deflationary in 2016. Promotional activity could increase to "boost" comps, given the "margin cushion" from lower food costs. However, a more promotional environment has not benefited comp trends from a historical...
-
Stephens Recaps Key Commodities Affecting Restaurants, States August Was 'Mixed'
Tuesday, September 1, 2015 - 1:16pm | 518Read More...In a report published Tuesday, Stephens analyst Will Slabaugh stated that August was a mixed month for major food-related commodities, with "many" prices showing "little movement," while other food prices saw "meaningful" inflation. Beef Prices Choice beef prices rose 2.5 percent in August, but...
-
2 'New Age' Restaurant Stocks Stifel Analysts Are Buying
Friday, August 28, 2015 - 9:02am | 494Read More...One of the fastest growing trends within the restaurant sector is the emergence of "casual fast food" chains. The problem for investors is that there are many options to chose from. Paul Westra of Stifel offered investors two names to consider investing in: El Pollo LoCo Holdings Inc...
-
JPMorgan Upgrades Fogo De Chao To Buy: Here's Why
Wednesday, August 19, 2015 - 8:06am | 305Read More...In a report published Wednesday, JPMorgan analyst John Ivanko upgraded shares of Fogo De Chao Inc (NASDAQ: FOGO) to Overweight from Neutral with an unchanged $24 price target following the stock's weakness in which it dipped to 52-week lows of $18.32 before rallying. According to Ivanko,...
-
Jack In The Box Reports This Week: Here's Why Oppenheimer Is Bullish
Tuesday, August 4, 2015 - 9:04am | 358Read More...In a report published Tuesday, Oppenheimer analyst Brian Bittner reiterated an Outperform rating on shares of Jack in the Box Inc. (NASDAQ: JACK) with an unchanged $99 price target ahead of the company's third-quarter results scheduled for Wednesday. The Estimize community (based on 13...
-
Wall Street (Mostly) Bullish On Panera With Earnings On Tap
Tuesday, July 28, 2015 - 1:23pm | 546Read More...Panera Bread Co (NASDAQ: PNRA) is scheduled to report its second quarter results after Tuesday's market close. The Estimize community (based on 32 estimates) is projecting the company will earn $1.67 per share on revenue of $683.58 million. This compares to the Wall Street consensus estimate...
-
Fogo De Chao's Valuation Cited As Concern At Deutsche Bank And Credit Suisse
Tuesday, July 14, 2015 - 9:00am | 304Read More...Analysts at Deutsche Bank and Credit Suisse initiated coverage of Fogo De Chao Inc (NASDAQ: FOGO), an operator of upscale Brazilian churrascaria steakhouses, with a cautious tone. Deutsche Bank: Brazilian Economic And FX Challenges Karen Short of Deutsche Bank initiated coverage of Fogo De Chao...
