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Oppenheimer Turns Bearish On Chipotle: Stock Is 'Too Spicy'
Monday, October 1, 2018 - 12:35pm | 385After gaining more than 80 percent since a management change announcement in February, casual fast food restaurant Chipotle Mexican Grill, Inc. (NYSE: CMG)'s stock has become "too spicy" to support right now, according to Oppenheimer. The Analyst Oppenheimer's Brian Bittner...
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Oppenheimer: Yum China Takeout Speculation Is Intriguing, But Shares No Longer Undervalued
Friday, August 17, 2018 - 4:50pm | 389Oppenheimer analyst Brian Bittner downgraded Yum China Holdings Inc (NYSE: YUMC) from Outperform to Perform and removed his $40 price target. The Thesis After spinning off from YUM! Brands, Inc. (NYSE: YUM) last November, Yum China shares have gained roughly 46 percent, but a elevated...
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Chipotle Has A New Game Plan: Is Wall Street On Board?
Thursday, June 28, 2018 - 12:59pm | 659Casual fast food restaurant chain Chipotle Mexican Grill, Inc. (NYSE: CMG) on Wednesday detailed a new game plan, including closing 65 underperforming stores, a focus on the customer experience and food innovation. Are Street analysts on board with the company whose stock remains notably...
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Low Valuation Lands Darden Restaurants On Oppenheimer's Top Picks List
Thursday, May 24, 2018 - 1:01pm | 375Darden Restaurants, Inc. (NYSE: DRI) has underperformed its peers significantly this year, but its low valuation has set the table for over 20 percent of upside, according to Oppenheimer. The Analyst Oppenheimer analyst Brian Bittner reiterated an Outperform rating and $105 price target on Darden...
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Wendy's 'Intriguing' 2020 Outlook Overshadowed By Valuation Concerns, Oppenheimer Says
Tuesday, March 20, 2018 - 11:54am | 435Wendys Co (NASDAQ: WEN)'s new set of objectives and targets through 2020 — including the addition of 1,000 locations — are "intriguing" but overshadowed by valuation concerns, according to Oppenheimer. The Analyst Oppenheimer's Brian Bittner initiated...
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Starbucks Falls After Q1 Report: What Analysts Are Saying
Friday, January 26, 2018 - 4:11pm | 858Shares of Starbucks Corporation (NASDAQ: SBUX) were trading lower by 5 percent Friday after the coffee and food chain's fiscal first-quarter earnings report disappointed investors across multiple metrics. Perhaps most notably, same-store sales growth of 2 percent fell short of the 3-percent...
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An Early Wall Street Reaction To Chipotle's CEO Announcement
Wednesday, November 29, 2017 - 2:44pm | 423Chipotle Mexican Grill, Inc. (NYSE: CMG) confirmed Wednesday morning that it has decided to search for a new CEO to replace the company's founder Steve Ells. The Analyst Oppenheimer's Brian Bittner maintains a Perform rating on Chipotle's stock. The Thesis Chipotle's decision to...
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The Sell-Side Take On B-Dubs Buyout Rumors
Tuesday, November 14, 2017 - 4:56pm | 849Shares of Buffalo Wild Wings (NASDAQ: BWLD) surged higher by 25 percent Tuesday after The Wall Street Journal reported the restaurant could be acquired by Roark Capital Group, a private equity firm, for more than $2.3 billion, or around $150 per share. Here's how some of Wall Street's top...
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B-Dubs Headwinds Persist, But 2018 Looks Interesting
Friday, September 15, 2017 - 11:36am | 413Analyst at Oppenheimer hold both a negative view on Buffalo Wild Wings (NASDAQ: BWLD)'s near-term outlook, but see a path towards improvement in 2018. The firm's Brian Bittner maintains an Outperform rating on Buffalo Wild Wings' stock with an unchanged $135 price target. Over the near-...
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B-Dubs' Fundamentals Still Challenged But Upside Still Possible
Thursday, July 27, 2017 - 11:43am | 706Buffalo 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...
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3 Unique Catalysts On The Horizon For Restaurant Brands
Wednesday, June 14, 2017 - 3:59pm | 385Restaurant Brands International Inc (NYSE: QSR) is seeing three unique catalysts that led Oppenheimer to upgrade the stock to Outperform with a $70 price target. Announcements of Unit Growth Acceleration Oppenheimer's Brian Bittner analysis shows that the company’s accretive cap-...
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Panera Bread Looking To Build A Competitive 'Moat' On The Back Of Strong Sales
Monday, February 6, 2017 - 4:39pm | 349Oppenheimer expects fourth quarter EPS and comps from Panera Bread Co (NASDAQ: PNRA) lower than the Street amid industry-wide slowdown in December. However, the brokerage reiterated its Outperform rating on shares on a favorable set up for 2018. Panera will report its fourth quarter numbers on...
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Chipotle Management Change Compounds Investor Concerns
Tuesday, December 13, 2016 - 2:29pm | 497The recent management change at Chipotle Mexican Grill, Inc. (NYSE: CMG) further compounds investor concerns, triggering more bearish views from Wall Street. Chipotle said founder Steve Ells is assuming the role of sole-CEO as co-CEO Monty Moran steps down amid the slower-than-expected sales...
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No Missteps Expected As Starbucks CEO Schultz Passes The Baton
Friday, December 2, 2016 - 4:32pm | 228Oppenheimer said in a note on Friday that the CEO transition at Starbucks Corporation (NASDAQ: SBUX) is unlikely to lead to any unexpected missteps, as chief operating officer Kevin Johnson, who is set to take over from Howard Schultz, was already involved in running the business on a daily...
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Why It Makes Sense To Buy The Post-Earnings Dip In Jack In The Box
Tuesday, November 22, 2016 - 3:18pm | 257Oppenheimer’s Brian Bittner says he would Buy any near-term dip in the shares of Jack in the Box Inc. (NASDAQ: JACK) given “conservative” fiscal 2017 EPS outlook, "solid" sales trends and attractive valuation. Quarter In Review The restaurant operator’s adjusted...