Andrew Strelzik

A week after reporting in-line earnings, Starbucks Corporation (NASDAQ: SBUX) is still losing fans. BMO Capital Markets downgraded the coffee chain to Market Perform and lowered its price target from $64 to $56, citing “deeper issues contributing to slower U.S. comp trajectory.” Analyst...

“Growth potential as strong as the coffee,” one analyst noted even after Starbucks Corporation (NASDAQ: SBUX)'s disappointing third-quarter earnings call. But, that did not stop the majority of Wall Street analysts from slashing their ratings and price targets on Starbucks, as it...

Buffalo Wild Wings (NASDAQ: BWLD)'s stock is flirting with the $100 per share mark for the first time since 2013. This level is on the back of the restaurant chain's second-quarter earnings report, which disappointed investors. But not all analysts on the Street are ready to throw in the...

Despite testing queso, the Chipotle Mexican Grill, Inc. (NYSE: CMG) potential norovirus outbreak led BMO Capital Markets analyst Andrew Strelzik to downgrade the stock to Market Perform. Strelzik set a price target of $350. “While norovirus at a single location is not overly significant on...

BMO Capital Markets' Andrew Strelzik initiated coverage of restaurant giant McDonald's Corporation (NYSE: MCD) with an Outperform rating and $153 price target for three main reasons. 1. Early Stages Of A Turnaround Strelzik expects McDonald's to achieve its 2019 objectives, as the company is still...

Panera Bread Co (NASDAQ: PNRA) announced on Wednesday a deal to be bought by JAB for $315 per share in cash, with the total transaction value at $7.5 billion, including the assumption of $340 million of net debt. The Expected And The Surprising While Bernstein said it anticipated JAB would be...

Shares of Panera Bread Co (NASDAQ: PNRA) soared to new all-time highs of $292.42 last Friday following a Bloomberg report that suggested the sandwich and bakery chain may be exploring strategic alternatives, including a potential sale of itself. Here is a summary of what some of Wall Street's most...

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) announced its Q4 results, with the EPS ahead of the consensus expectations, while issuing the FY17 EPS guidance at $2.33-$2.43, implying same store sales growth of 2-3 percent. BMO Capital’s Andrew Strelzik reiterated an Outperform...

BMO Capital’s Andrew Strelzik expects Brinker International, Inc. (NYSE: EAT) shares to underperform, given that the upside is already fully priced for “Trump-led scenario.” Strelzik downgraded the rating on the company to Underperform, while lowering the price target to $45....

BMO Capital maintains its Outperform rating on Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY); the stock remains its favorite idea in the restaurants space on expectations of continued positive comp momentum through FY16. Further, the brokerage feels a 20 percent pullback in the shares of...

BMO Capital Markets has maintained its Outperform rating on Buffalo Wild Wings (NASDAQ: BWLD) and kept a price tag of $200 on the company's stock. The brokerage believes the company stands to gain from lower-than-last-year wing prices. On the positive catalysts, analysts Andrew Strelzik and Ryan...

At a time when the market is cheering the quarterly performance of Panera Bread Co (NASDAQ: PNRA), BMO says the results are decidedly half baked. The fast-casual restaurant chain reported second-quarter adjusted EPS/revenue of $1.78/$698.9 million versus consensus estimate of $1.74/$696 million....

Deflationary wing prices could provide a nice cushion for restaurant chain Buffalo Wild Wings (NASDAQ: BWLD) earnings in the second half of the year. Last week marked the eighth consecutive week of falling wing prices, at levels 7–8 percent lower than year-ago prices, sitting around $1.46....