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Wendy's Is A 'Show Me' Story, Goldman Sachs Analyst Says: Fast Food Joints Like Chipotle, Domino's Are Still Hot
Thursday, June 13, 2024 - 11:54am | 1084Restaurant stocks have seen mixed results in 2024, but Goldman Sachs analyst Christine Cho is encouraged by many prominent brands amid today’s price tailwind environment. The Fast Food Analyst: Cho initiated ratings for the following fast food stocks: Wendy’s Co (NASDAQ:WEN) with a...
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Starbucks Is The Latest Chain To Add Value Menu: What You Need To Know
Tuesday, June 11, 2024 - 2:57pm | 340Starbucks Corp‘s (NASDAQ:SBUX) brand is not synonymous with bargains. However, the coffee chain could be poised to change that with the release of a new value menu meant to appeal to the cash-squeezed consumer. What Happened: Starbucks rolled out its “Starbucks Pairings Menu” to...
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Paul Krugman Attributes Global Food Inflation To Russia's Invasion Of Ukraine: 'We Would Definitely See Some Relief If...'
Thursday, August 10, 2023 - 5:57am | 391Paul Krugman, the renowned economist, attributes soaring food prices to Russia’s actions in Ukraine, Business Insider reported. Food inflation has surged, primarily due to Russia’s invasion of Ukraine, disrupting agriculture and escalating fertilizer and natural gas costs. The Food and...
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This Type Of Restaurant Is Thriving Right Now, Yet Olive Garden Struggles: Here's Why
Friday, September 23, 2022 - 1:03pm | 567With food inflation still surging, up 8% for the twelve months ended August, and the Russia-Ukraine war adding to global food constraints, it's easy to see why restaurant brands and operators are experiencing diminishing margins on their bottom line. Take Darden Restaurants (NYSE: DRI), the...
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Why Rice Prices Could Shoot Up Further Despite Bountiful Production
Sunday, June 12, 2022 - 11:43pm | 428Global rice prices could climb even higher after rising for the fifth straight month to reach a 12-month high, CNBC reported on Sunday, citing industry experts. What Happened: Rising prices of other commodities and higher costs of farming put rice prices on the watchlist next despite...
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Here's Why Meat Prices Will Be Higher In 2021
Thursday, March 11, 2021 - 12:26pm | 321Meat and beef prices continue to trend higher in 2021 as the cost of feeding the cows are becoming more expensive amid soaring corn and soy prices, Fox Business' Lydia Hu reported. What Happened: The cost of feeding one cow historically averages between $400 to $500 a year, but costs...
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Why Texas Roadhouse Could Be A Big Post-Shutdown Winner
Wednesday, May 20, 2020 - 4:06pm | 551Grocery food prices continue to rise, and this represents a potentially overlooked opportunity for restaurants like Texas Roadhouse Inc (NASDAQ: TXRH). The Texas Roadhouse Analysts Wedbush analyst Nick Setyan maintained an Outperform on Texas Roadhouse with an unchanged $73 price...
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3 Texas Roadhouse Analysts Agree: Wait For A Better Entry Point In Stock
Wednesday, February 20, 2019 - 12:27pm | 709Steakhouse chain Texas Roadhouse Inc (NASDAQ: TXRH) reported fourth-quarter results Tuesday that were "somewhat mixed" despite a top-and-bottom-line beat, according to Stephens. The Analysts Stephens' Will Slabaugh maintains an Equal-weight rating on Texas Roadhouse stock...
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Perfectly Cooked: Wedbush Turns Neutral On Wingstop After 40% Stock Run
Monday, October 22, 2018 - 2:30pm | 468The bullish case for chicken wing restaurant chain Wingstop Inc (NASDAQ: WING) is based on expectations for outperformance across multiple metrics, but is overshadowed by the stock's lofty valuation, according to Wedbush. The Analyst Wedbush's Nick Setyan downgraded Wingstop from...
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Deutsche Bank Loses Appetite For Hostess Brands, Dean Foods
Monday, May 14, 2018 - 12:05pm | 589Deutsche Bank analysts lost their appetite for two food companies Monday, including Twinkies maker Hostess Brands Inc (NASDAQ: TWNK) and major conglomerate Dean Foods Co (NYSE: DF). The Analyst Deutsche Bank's Rob Dickerson downgraded Hostess Brands' stock rating from Buy to Hold...
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Smart & Final Stores' Q4 Beat Overshadowed By Poor Guidance
Thursday, March 15, 2018 - 1:30pm | 390Smart & Final Stores Inc (NYSE: SFS), a food retailer that sells fresh perishables and everyday grocery items, reported its fourth quarter results that exceeded Wall Street's expectations but a disappointing outlook prompted a downgrade. The Analyst Loop Capital Markets' Andrew...
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3 Restaurants These Analysts No Longer Have An Appetite For
Tuesday, September 26, 2017 - 2:43pm | 470Analysts at Wedbush took a deep dive into the restaurant industry to gain a better understanding of recent trends. During the second quarter, the quick-service restaurant sub-sector realized a 1.6-percent growth rate, fast casual was down by 0.1 percent and casual dining performed the worst and...
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Bring Back Our Growth: United Natural Foods Serves Up Q4 Beat
Thursday, September 14, 2017 - 12:14pm | 806United Natural Foods, Inc. (NASDAQ: UNFI)'s earnings report Wednesday prompted a more than 10-percent rally in the stock by Thursday morning, but were the results good enough to impress Wall Street analysts? Bank Of America: Risks Ahead Bank of America's Marisa Sullivan maintains an Underperform...
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Has Kroger Shelved Its Sales Struggles? A Q2 Preview
Tuesday, September 5, 2017 - 11:12am | 478The grocery sector changed nearly overnight after Amazon.com, Inc. (NASDAQ: AMZN) entered the space through its acquisition of Whole Foods Market, Inc. Needless to say, investors are forgiven if they are nervous heading into Kroger Co (NYSE: KR)'s second-quarter earnings report on Friday....
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Kroger's CFO Talks Food Deflation
Thursday, March 2, 2017 - 1:35pm | 337Shares of Kroger Co (NYSE: KR) were trading lower by more than 3 percent on Thursday despite the company's fourth-quarter report containing a top- and bottom-line beat. However, the grocer's guidance for the first quarter came in light and the company also cited deflationary concerns. Kroger's...