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Brewing Caution: Jefferies Warms Up To Starbucks With Tepid Upgrade
Thursday, April 10, 2025 - 2:10pm | 436Jefferies analyst Andy Barish on Wednesday upgraded the shares of Starbucks Corp (NASDAQ:SBUX) from Underperform to Hold with a price forecast of $76, based on a 21x multiple of fiscal 2026 earnings forecasts. Starbucks’ recent stock struggles reflect uncertainty around near-term earnings,...
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The Street Reacts To Chipotle's Q3 Earnings: Costs Heading 'In The Right Direction'
Thursday, October 22, 2020 - 1:46pm | 804Chipotle Mexican Grill, Inc. (NYSE: CMG) reported third-quarter results highlighted by a strong 14.1% sales growth but soaring demand for delivery is impacting profits. Chipotle reported quarterly earnings of $3.76 per share, which beat the analyst consensus estimate of $3.40 by 10.6%. The...
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Jefferies To Chipotle Investors: Take Some 'Chips Off The Table'
Thursday, April 11, 2019 - 11:36am | 340Shares of restaurant chain Chipotle Mexican Grill, Inc. (NYSE: CMG) are up more than 60 percent in the first quarter alone and now may be a good time for investors to take "chips off the table," according to Jefferies. The Analyst Jefferies' Andy Barish downgraded Chipotle from Buy to...
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Jefferies Bites Into Chipotle Hoping To Taste 22% Upside
Tuesday, July 31, 2018 - 9:28am | 392Chipotle Mexican Grill, Inc. (NYSE: CMG) plunged 4 percent in Monday's after-hours trading after yet another incident of foodborne illness caused one restaurant to close. Jefferies still craves the beleaguered brand, though. The Rating Analysts Andy Barish and Alexander Slagle upgraded Chipotle...
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Analysts Review Chipotle's Q2: 'We Continue To View 2018 As A Transition Year'
Friday, July 27, 2018 - 12:03pm | 509Chipotle Mexican Grill, Inc. (NYSE: CMG)'s second-quarter print Thursday was largely interpreted by the sell-side as a signal that the restaurant chain's turnaround is on track. The Analysts PiperJaffray’s Nicole Miller Regan reiterated an Overweight rating on Chipotle with a...
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Analysts Debate: Is It Too Late To Buy Shake Shack?
Friday, May 4, 2018 - 2:49pm | 576Shake Shack Inc (NYSE: SHAK) reported its biggest earnings beat in recent memory Thursday, sending shares higher. Naturally, investors are now asking if it's time to sell the stock or buy more. The Analysts William Blair's Sharon Zackfia maintains an Outperform rating on Shake Shack's...
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Dave & Buster's Challenges Persist, But Jefferies Says Its Valuation Can't Be Ignored
Wednesday, December 6, 2017 - 11:41am | 403Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY)'s Tuesday earnings report will likely reinvigorate the bull versus bear debate, as some bulls highlight the stock's depressed valuation while bears point to multiple disappointing metrics. The Analyst Jefferies' Andy...
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The Sell-Side Sentiment On Starbucks
Tuesday, November 7, 2017 - 10:21am | 617Deutsche Bank's Brett Levy maintained a Buy rating for Starbucks Corporation (NASDAQ: SBUX) and he decreased his price target for the stock from $67 to $62, after the company reported earnings Thursday. Levy said he expects new stores to contribute to top line growth, while integration of East...
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Wall Street Remains Sidelined On Chipotle After Disappointing Q3
Wednesday, October 25, 2017 - 4:04pm | 949Chipotle Mexican Grill, Inc. (NYSE: CMG) third-quarter earnings and revenues were a miss, and the stock is down a steep 15.05 percent at $275.50. That's a near five-year low for the fast casual chain. Chipotle stock was down a steep 15.05 percent to $275.50, sinking to a near 5-year...
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Does Chipotle's Valuation Already Reflect Improvements From Q1?
Wednesday, April 26, 2017 - 9:29am | 435Chipotle Mexican Grill, Inc. (NYSE: CMG) — which has battled E. coli and norovirus outbreaks, and now a cybersecurity breach — had a better-than-expected first quarter, according to Jefferies analysts. Analyst's Take On Q1 Print While Jefferies maintains an Underperform on Chipotle,...
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Chipotle Still Not Appetizing Despite Some Improving Trends
Friday, February 3, 2017 - 12:37pm | 335Chipotle Mexican Grill, Inc. (NYSE: CMG) reported its Q4:16 results in line with the pre-announcement, with a 4.8 percent decline in same store sales and restaurant level margin (RLM) of 13.5 percent. Jefferies’ Andy Barish maintains an Underperform rating on the company, with a price target...
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Jefferies' Recipe For Restaurant Investing In 2017
Wednesday, January 4, 2017 - 12:43pm | 395Restaurant stocks closed out 2016 on a mostly high note, but investors are now shifting their focus to how much upside top names have ahead in 2017. Jefferies analyst Andy Barish has adjusted the firm’s ratings on a number of leading restaurant stocks and still sees pockets of opportunity for...
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Starbucks' Breakfast Sandwich A Bright Spot In Q4
Friday, November 4, 2016 - 11:46am | 370Starbucks Corporation (NASDAQ: SBUX) reported its FQ4 earnings ahead of expectations, while its FY 2017 guidance came in line. The stock may react negatively, given the projected increase in investments in 2017 and SSS (same-store sales) likely to be at the lower end of guidance in the first half,...
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Chipotle's Q3 Misses Expectations On All Metrics
Wednesday, October 26, 2016 - 10:29am | 352Jefferies maintains its Underperform rating on Chipotle Mexican Grill, Inc. (NYSE: CMG) as the company’s third-quarter numbers missed consensus across all metrics. Chipotle’ operating EPS of $0.56 significantly below Jefferies/consensus view of $1.58. The company’s third quarter...
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The 'Del Taco' Taco Rollout Drives Del Taco's Q3 Beat
Tuesday, October 18, 2016 - 2:30pm | 297Shares of Del Taco Restaurants Inc (NASDAQ: TACO) surged more than 10 percent after the company reported a third quarter EPS beat on better than expected same-store sales and lower food costs. Del Taco's adjusted EPS/EBITDA of $0.14/$17 million came in ahead of expectations for $0.12 and...