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Starbucks' Comparable Sales Look To Have Bottomed — But What's Next?
Friday, November 3, 2017 - 12:07pm | 566While Baird analysts said Starbucks Corporation (NASDAQ: SBUX)'s fourth-quarter results disappointing, given that a slight comps shortfall led to an EBIT miss. The set-up feels better from this point forward, analyst David Tarantino said in a Thursday note. Baird maintained its...
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It's Time To Kick The Habit Restaurants, Baird Analyst Says
Thursday, November 2, 2017 - 2:43pm | 493Habit Restaurants Inc (NASDAQ: HABT) was downgraded by Baird after it reported third-quarter results after the close Wednesday that analyst David Tarantino termed "disappointing." The results indicated weaker-than-expected comps and continued cost headwinds, Tarantino said...
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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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Darden Restaurants Stock At A Tasty Valuation, Baird Upgrades
Wednesday, September 27, 2017 - 11:49am | 311Analysts at Baird Equity Research turned bullish on Darden Restaurants, Inc. (NYSE: DRI) as the stock's recent pullback has created a "compelling entry point." The firm's David Tarantino upgrades Darden's stock rating from Neutral to Outperform with an unchanged $94 price target. Darden's stock...
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Chipotle Must Balance Headwinds With Innovation, Marketing Initiatives, But Some Analysts Remain Believers
Wednesday, July 26, 2017 - 11:17am | 390A mixed second-quarter earnings report and an outbreak of norovirus has clouded the crystal balls of analysts who cover Chipotle Mexican Grill, Inc. (NYSE: CMG). Conservative Approach Baird Analyst David Tarantino maintained a Neutral rating and lowered the price target to $385 from $425. “...
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What Do Wall Street Analysts Think Of The Panera Up-For-Sale Report?
Tuesday, April 4, 2017 - 3:48pm | 907Shares 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...
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Baird Makes The Case Why Jack In The Box Should Sell Qdoba
Wednesday, March 8, 2017 - 6:50pm | 392Baird said Jack in the Box Inc. (NASDAQ: JACK) could sell Qdoba business, which might yield cash proceeds near $400 million and would command a valuation above the current level for the combined business. Such a move would allow the company to focus on its core Jack In The Box brand. “[W]hile...
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Fast Food In 2016: Who Came Out On Top And Who's Best Positioned For The Future?
Sunday, February 19, 2017 - 2:29pm | 781In the race to the top of the fast food chain, McDonald’s Corporation (NYSE: MCD) investors haven’t seemed to be lovin’ it. Meanwhile, Wendys Co (NASDAQ: WEN) fans appeared to gain faith that it’s really “better here,” and buyers of Restaurant Brands...
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Use Any Pullbacks In Restaurant Stocks To Add Exposure: Baird
Wednesday, February 15, 2017 - 4:40pm | 553Baird sees any weakness in restaurant stocks as a buying opportunity as its checks show a rebound in industry comps after December softness and still believes the near-term fundamental outlook for limited-service chains (fast-casual, specialty coffee, QSR) is stronger than for casual dining....
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Dunkin Brands Vs. Yum Brands: Q4 Restaurant Earnings Face-Off This Week
Monday, February 6, 2017 - 3:10pm | 521This Thursday will see both Yum! Brands, Inc. (NYSE: YUM) and Dunkin Brands Group Inc (NASDAQ: DNKN) reporting their fourth-quarter results amid broad-based industry softness. Interestingly, Yum Brands will be reporting its first quarterly report since the spinoff of the China division. Yum Brands...
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What's On The Menu For McDonald's March Investor Meeting?
Tuesday, January 24, 2017 - 1:16pm | 272McDonald's Corporation (NYSE: MCD) reported strong Q4 2016 results, against the backdrop of tough year-ago comps. The company appears “well positioned to build on the turnaround progress evident in 2016 and to deliver healthy financial performance in 2017,” Baird’s David...
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Use Any Further Pullbacks In Restaurant Stocks To Add Exposure
Wednesday, January 18, 2017 - 12:00pm | 495Baird recommends investors to use any further pullback in restaurant stocks to add positions. The firm believes the sector should revive after the first quarter of 2017 following tepid industry comps in December. Baird’s survey indicated December comps of approximately -0.5 percent, solidly...
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McDonald's China Sale Could Lead To An Attractive Risk-Adjusted Return In 2017
Tuesday, January 10, 2017 - 12:03pm | 287Baird says McDonald's Corporation (NYSE: MCD) is transitioning to a higher ROIC business model, and its move to sell the majority of its China business could lead to an attractive risk-adjusted return for the stock in 2017. McDonald’s agreed to sell its 80 percent stake in its China/Hong...
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Panera Investors Seem To Be Expecting A Comps Miss In Q3
Tuesday, October 18, 2016 - 11:23am | 404A week ahead of the third quarter results announcement, Baird Equity Research is not worried about possible comparable store sales miss from Panera Bread Co (NASDAQ: PNRA) in the third quarter. The company is scheduled to announce its results on October 25. Analysts David Tarantino and Samuel Beres...
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Yum Brands' Better Business Model
Wednesday, October 12, 2016 - 1:40pm | 335Recapping Yum! Brands, Inc. (NYSE: YUM)'s Investor Day, Baird said it believes the company is transitioning to a leaner and much more capital efficient growth model following the upcoming spinoff of its China division. Measures To Transition To Attractive Business Model Analyst David Tarantino...