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Oppenheimer: Steer Clear Of Chipotle
Wednesday, October 26, 2016 - 12:01pm | 266Read More...Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) hit a new 52-week low of $376.22 and were trading lower by more than 7 percent Wednesday in reaction to the company's third-quarter earnings report, which further calls into question the restaurant chain's ability to turn itself around...
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Analysts Respond To Yum's Q2 Earnings And Guidance
Thursday, July 14, 2016 - 1:32pm | 361Read More...Yum! Brands, Inc. (NYSE: YUM) shares are up 3.2 percent on Thursday after the company reported mostly in-line Q2 earnings, but upped its 2016 guidance once again. Following the report, several Wall Street firms have weighed in on the company. “Despite what mgmt described as ‘challenging...
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Oppenheimer Raises Jack In The Box Price Target To $91
Thursday, May 26, 2016 - 4:14pm | 286Read More...Oppenheimer has raised the price target of Jack in the Box Inc. (NASDAQ: JACK) to $91 from $86 after its bullish thesis got a boost after the company's investor meeting. The new price target implies an upside of 15 percent from Wednesday's close. "Re-franchising and G&A changes...
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Jack In The Box Fears Are Overdone, Says Oppenheimer
Thursday, May 12, 2016 - 10:39am | 290Read More...Despite widespread fears of a severe guidance cut, Jack in the Box Inc. (NASDAQ: JACK) maintained its FY16 EPS guidance of $3.50–$3.63. Oppenheimer’s Brian Bittner reiterated an Outperform rating on the company, with a price target of $86. Beat Results “While headline sales are...
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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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Cheesecake Factory Needs More Sweet To Enthuse Street
Wednesday, February 17, 2016 - 2:18pm | 629Read More...The Cheesecake Factory Inc (NASDAQ: CAKE) has managed to keep the Wall Street analysts "encouraged" despite fourth-quarter results being a mixed bag. However, the company needs to reverse its negative traffic trends to make the Street more optimistic on its fundamentals. The company's quarterly...
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Oppenheimer Reiterates Outperform On Starbucks Ahead Of Q1 Results
Wednesday, January 20, 2016 - 3:36pm | 237Read More...Oppenheimer recently wrote a report on Starbucks Corporation (NASDAQ: SBUX) ahead of the company's 1Q16 earnings results, scheduled to be released on Thursday. Oppenheimer reiterated its Outperform rating for Starbucks while giving the coffee company a $65 price target. Analysts Brian...
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Has Wall Street Had Its Fill Of Chipotle?
Thursday, January 7, 2016 - 2:09pm | 367Read More...Weak December sales and ongoing concerns over E. coli have sent Chipotle Mexican Grill, Inc. (NYSE: CMG) shares plummeting. Is there hope for Chipotle to right the ship anytime soon, or are shareholders in for a rough 2016? Here’s what five Wall Street analysts have to say. Cowen And...
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Oppenheimer Sees Some Attractive Opportunities In These Restaurant Stocks
Monday, January 4, 2016 - 12:21pm | 694Read More...Restaurant stocks are down 5 percent entering into 2016, versus a 0.7 percent decline in the S&P. Oppenheimer’s Brian Bittner named the top picks for 2016, and maintained Outperform ratings on some stocks. The sector offers some attractive investment opportunities, Bittner...
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Oppenheimer's Bittner Downgrades Chipotle, Sees Downside To $400-$450
Monday, January 4, 2016 - 11:48am | 212Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are down 36 percent in the last three months. Oppenheimer's Brian Bittner downgraded the rating for the company to Perform. Many more downward revisions in estimates could be forthcoming, Bittner stated. “CMG’s multiple is...
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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...
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35 Stock Ideas Oppenheimer Analysts Love Right Now
Saturday, October 17, 2015 - 10:11pm | 1463Read More...Oppenheimer just released its 35 top stock ideas for October and November. Here’s a rundown of the full list with analyst commentary included. 1. Turtle Beach Corp (NASDAQ: HEAR) Analyst Sean McGowan sees two drivers of the stock: the “resurgence in video games” and the rollout of...
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Oppenheimer Now Sees Likelihood Of China Separation At Yum! 'Very High'
Friday, October 16, 2015 - 8:30am | 288Read More...Yum! Brands, Inc. (NYSE: YUM) shares have plummeted 16 percent since September 16, and are trading significantly below their 52-week high of $95. Oppenheimer’s Brian Bittner maintained an Outperform rating on the company, with a price target of $94. The appointment of Keith Meister...
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Wall Street Can't Reach A Consensus On Yum! Brands
Wednesday, October 7, 2015 - 11:04am | 1161Read More...Shares of Yum! Brands, Inc. (NYSE: YUM) were trading lower by 16 percent shortly after Wednesday's opening bell. Yum Brands reported it earned $1.00 per share on revenue of $3.427 billion, well below the Street's estimates of $1.07 per share and $3.684 billion in revenue. The...
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Why Yum China's CEO Departure Doesn't Look Like A Warning Sign
Wednesday, August 19, 2015 - 11:46am | 341Read More...Yum! Brands, Inc. (NYSE: YUM)'s long-time China CEO, Sam Su, announced his plans to retire. The executive served as Acting General Manager for China back in December 1989 when China KFC had only four units and has been with the company since then in various senior roles. Jefferies: Business...
