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Do Chipotle's Sales Drivers Justify An Outperform Rating?
Wednesday, July 6, 2016 - 11:29am | 315Read More...BMO is encouraged that Chipotle Mexican Grill, Inc. (NYSE: CMG) is beginning to execute on several initiatives that could represent both near- and long-term sales drivers. A key investor concern regarding Chipotle has been that same-store sales growth was slowing more than expected, even before...
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Darden May Be Right To Sacrifice Some Profit To Maintain Price Advantage
Friday, July 1, 2016 - 10:26am | 309Read More...Despite a solid top-line performance, Darden Restaurants, Inc. (NYSE: DRI) reported its FY4Q16 EPS merely $0.01 ahead of the consensus estimate. BMO Capital Markets’ Andrew Strelzik maintained a Market Perform rating for the company, while reducing the price target from $66 to $64. Darden...
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Wing Prices Still Flying Low, Boosting Margins For Buffalo Wild Wings
Monday, June 27, 2016 - 3:16pm | 131Read More...For the sixth week in a row, the price of chicken wings has deflated, finding itself 8-9 percent below its levels from a year ago. For Buffalo Wild Wings (NASDAQ: BWLD), this likely means that cost of goods sold (COGS) will track better than consensus estimates. This was the view at BMO Capital...
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Chipotle Will Face Continued Food Safety Risk, Doctor Warns
Tuesday, March 15, 2016 - 12:36pm | 357Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) is not out of the foodborne illness woods yet, according to BMO Capital Markets. Andrew Strelzik, BMO analyst, breakfasted with Dr. Randy Worobo, a food safety specialist. During the meal, the analyst and doctor discussed food safety, supply chain issues and...
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Wall Street Loves Texas Roadhouse After Q4 Earnings
Tuesday, February 23, 2016 - 5:40pm | 554Read More...Shares of Texas Roadhouse Inc (NASDAQ: TXRH) surged more than 12 percent Tuesday after it reported an upbeat earnings for the fourth quarter. The restaurant operator earned $0.32 for the fourth quarter, and the number topped Street view by $0.02. Comparable sales increased 4.5 percent at...
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Buffalo Wild Wings Soars On Analyst Confidence
Thursday, February 4, 2016 - 5:27pm | 383Read More...Analysts were generally optimistic about Buffalo Wild Wings' (NASDAQ: BWLD) chances heading into 2016 after the company reported slacking fourth quarter sales. Bearish analysts saw weakness in the restaurant industry as reason to be hesitant, while others see the wing slinger in a good...
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Chipotle's E. Coli News Is Scaring These Analysts
Monday, November 23, 2015 - 1:20pm | 849Read More...The Centers for Disease Control announced six new cases of E. coli linked to Chipotle Mexican Grill, Inc. (NYSE: CMG) restaurants in California, Ohio, New York, and Minnesota. Chipotle's stock declined Monday morning, hitting a new 52-week low of $532.03 before rebounding and trading...
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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...
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B-Dubs Stock Volatile, But The Pros Are Still Playing It
Wednesday, July 29, 2015 - 3:58pm | 685Read More...Shares of Buffalo Wild Wings (NASDAQ: BWLD) were trading higher by more than 12 percent on Wednesday after the company reported its second-quarter results after Tuesday's market close. Here is a summary of what Wall Street's top analysts are saying. Stephens: ‘Most Encouraged' By Same-Store Sales...
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BMO Says Dunkin' 'Not A Slam Dunk,' Won't Outperform Market
Thursday, April 16, 2015 - 10:28am | 200Read More...In a report published Thursday, analyst Andrew Strelzik of BMO Capital Markets initiated coverage of Dunkin Brands Group Inc (NASDAQ: DNKN) with an Market Perform rating and a price target of $52. While the company is well positioned to capitalize on a robust unit expansion opportunity, apart from...
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BMO Is 'Star Struck' With Starbucks
Thursday, April 16, 2015 - 10:19am | 217Read More...In a report published Thursday, analyst Andrew Strelzik of BMO Capital Markets initiated coverage of Starbucks Corporation (NASDAQ: SBUX) with an Outperform rating and a price target of $56. The analyst believes that the company offers an attractive long-term investment option and is well...
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BMO Capital Markets Issues Restaurant Report, Initiates Ratings
Friday, October 10, 2014 - 4:41pm | 430Read More...BMO Capital Markets issued a sector comment on restaurants Thursday. The report initiated coverage and ratings for several companies. Analyst Andrew Strelzik highlighted in his report that "steak and bar & grill concepts are the bright spots in the lackluster casual dining sub-segment...
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UPDATE: BMO Capital Markets Initiates Coverage On Texas Roadhouse
Friday, October 10, 2014 - 11:55am | 186Read More...BMO Capital Markets initiated coverage on Texas Roadhouse Inc (NASDAQ: TXRH) with a Market Perform rating and $29 price target. Analyst Andrew Strelzik believed that "Texas Roadhouse should generate low double-digit sales growth and at least mid-teens earnings growth for the foreseeable...
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UPDATE: BMO Capital Markets Initiates Coverage On Bloomin' Brands
Friday, October 10, 2014 - 11:44am | 163Read More...In a note dated October 9, BMO analyst Andrew Strelzik initiated coverage of Bloomin' Brands Inc (NASDAQ: BLMN) with an Outperform rating and a $23 price target. Strelzik commented,"We believe Bloomin' Brands should not only exceed expectations in 4Q14 and 2015, but also re-...
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UPDATE: BMO Capital Markets Initiates Coverage On Noodles & Co
Friday, October 10, 2014 - 9:33am | 187Read More...BMO Capital Markets initiated coverage on Noodles & Co (NASDAQ: NDLS) in a report issued Thursday with a Outperform rating and $25 price target. Analyst Andrew Strelzik believed that Noodles & Co "should not only reaccelerate earnings growth ahead of its 25 percent long-term...
