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Despite Lackluster Quarter, Sell-Side Says Domino's Will Eventually Beat Back New Third-Party Delivery Competition
Wednesday, October 9, 2019 - 12:19pm | 627Domino’s Pizza, Inc. (NYSE: DPZ) was in the delivery business before delivery was so cool, and it will withstand the current onslaught of new food delivery companies, analysts said as they kept bullish ratings intact despite mixed third-quarter results. The Analysts Wedbush analyst Nick...
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Red Robin Poised To Disappoint Street In 2020, BofA Says In Downgrade
Tuesday, August 27, 2019 - 10:55am | 361Street expectations call for hamburger chain Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) to modestly grow EBITDA in 2020 — an assumption Bank of America Merrill Lynch said is unlikely to play out. The Analyst Gregory Francfort downgraded Red Robin Gourmet Burgers from Neutral to...
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Bank Of America Likes McDonald's Stock A Little More
Friday, June 7, 2019 - 1:23pm | 314McDonald's Corp (NYSE: MCD) deserves a higher "McMultiple" given expectations for strong top-line trends, according to Bank of America. The Analyst Bank of America's Gregory Francfort maintains a Buy rating on McDonald's with a price target lifted from $215 to $220. The Thesis...
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Where's The Beef? Street Weighs In On Wendy's Stock
Friday, May 10, 2019 - 8:10am | 691Wendys Co (NYSE: WEN) reported first-quarter results, which one analyst says shows "uninspiring" metrics while another says the performance was " comprehensively solid." The Analysts Mizuho Securities' Jeremy Scott maintains a Neutral rating on Wendys' stock with a price...
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The Street Remains Bullish On McDonald's
Wednesday, May 1, 2019 - 1:02pm | 684McDonald's Corp (NYSE: MCD) reported first-quarter results, which came in better than expected but management's commentary of higher expenses has the Street debating the company's upside potential. The Analysts Stephens' Will Slabaugh maintains an Overweight rating on McDonald's...
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Starbucks Continues Grande Growth In China, But Flat US Traffic Hurts Quarter
Friday, April 26, 2019 - 2:25pm | 507Starbucks Corporation (NASDAQ: SBUX) turned in a mixed quarter, bolstered by unexpectedly strong growth in China but marred by flat traffic in the U.S. The reaction from the sell-side was also mixed, and a bit muted, with several analysts continuing to recommend the stock and raising the price...
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Bon Appétit: The Street Has Mostly Bullish Reaction To Darden's Q3
Friday, March 22, 2019 - 4:28pm | 800Olive Garden's parent company Darden Restaurants, Inc. (NYSE: DRI) reported Thursday with a top-and-bottom line beat in its fiscal third quarter results and lifted its full-year 2019 outlook. The following is a roundup of the Street's reaction. The Analysts Morgan Stanley's...
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Cheesecake Factory's Q4 Print, 2019 Guidance Fails To Turn 2 Analysts Bullish
Thursday, February 21, 2019 - 2:13pm | 533Restaurant chain Cheesecake Factory Inc (NASDAQ: CAKE) reported Wednesday with a fourth-quarter top- and bottom-line miss. Same-store sales rose by 1.9 percent, better than the consensus estimate of 1.1 percent. Despite the stock's strong reaction to the print, two Street analysts are...
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Chipotle Shares Are Soaring, But Some Analysts Remain Bearish
Thursday, February 7, 2019 - 11:24am | 769Chipotle Mexican Grill, Inc. (NYSE: CMG) reported fourth-quarter results that handily exceeded expectations from a growth in comparable sales and total transactions. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Morgan Stanley's John Glass...
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Did McDonald's Deliver A Beefy Quarter? The Street Debates
Thursday, January 31, 2019 - 4:40pm | 728McDonald's Corp (NYSE: MCD) fourth-quarter results showed a beat on the earnings line, but U.S. same-store sales missed expectations. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Bank Of America's Gregory Francfort maintains a Buy rating...
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The Street Mostly Agrees: Starbucks Print Shows 'Positive, Less Controversial' Quarter
Friday, January 25, 2019 - 2:04pm | 662Coffee chain Starbucks Corporation (NASDAQ: SBUX) reported Thursday afternoon with a top-and bottom-line first-quarter beat. Here's how the Street reacted. The Analysts Morgan Stanley's John Glass maintains an Equal-weight rating on Starbucks with an unchanged $70...
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Bank Of America Says Chipotle's Growth Outlook Is Baked Into The Stock
Friday, October 26, 2018 - 8:32am | 370Casual fast food restaurant chain Chipotle Mexican Grill, Inc. (NYSE: CMG) reported Thursday its third-quarter results, which signaled signs of growth Bank of America says is already priced into the stock at current levels. The Analyst Bank of America's Gregory Francfort maintains an...
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3 Restaurants That Could See Labor Pressure From Amazon's Wage Increase
Wednesday, October 3, 2018 - 10:22am | 551E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN)'s announcement that it will pay each worker at least $15 per hour could impact the restaurant sector, which is seeing 4-5-percent wage inflation, increased levels of turnovers and a tight labor market, according to Bank of America Merrill Lynch....
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BofA: Darden Restaurants Margin Concerns Were 'Overstated'
Friday, June 22, 2018 - 12:22pm | 298Darden Restaurants, Inc. (NYSE: DRI)’s fourth-quarter earnings demonstrated that Bank of America Merrill Lynch's margin concerns had “likely been overstated,” prompting the firm to upgrade the stock. The Analyst BofA's Gregory Francfort upgraded Darden Restaurants from...
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Wall Street's Take On Starbucks Following Schultz's Departure
Tuesday, June 5, 2018 - 11:42am | 666After 40 years at Starbucks Corporation (NASDAQ: SBUX), founder Howard Schultz announced he is leaving the company later this month. Starbucks stock dipped 3 percent Tuesday following the announcement, and several Wall Street firms weighed in on the potential impact on the coffee chain. Here’...