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Shake Shack CEO: Restaurants Of All Sizes Hurting
Friday, April 3, 2020 - 3:28pm | 368Shake Shack Inc (NYSE: SHAK) said this week same-store sales were down 29% in March as restaurants of all shapes and sizes are hurting in the current environment, CEO Randy Garutti said Friday on CNBC. Everyone Is Impacted All restaurants ranging from small "mom-and-pop" restaurants to...
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Red Robin Responds To Activist Investor Vintage Capital
Friday, February 28, 2020 - 11:28am | 476Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) issued a response Thursday to activist investor and large shareholder Vintage Capital. Vintage Capital's Acquisition Proposal Vintage Capital owns more than 11.5% of Red Robin and offered to acquire the hamburger chain in June 2019 for $40 per...
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What The Street Thinks About Shake Shack's Q4 Print, Stock Drop
Tuesday, February 25, 2020 - 3:13pm | 826Shake Shack Inc (NYSE: SHAK) reported fourth-quarter results that fell short of expectations. Management acknowledged it suffered from a "significant slowdown" in its growth business, which contributed to the stock's sell-off. Shake Shack reported quarterly earnings of 6 cents per...
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SunTrust Downgrades Shake Shack Amid Same-Store Sales Concerns
Friday, February 21, 2020 - 5:15pm | 405Shake Shack Inc (NYSE: SHAK) remains one of the most compelling growth stories and brands within the entire restaurant sector but 2020 could prove to be a difficult year, according to SunTrust Robinson. The Shake Shack Analyst Jake Bartlett downgraded Shake Shack from Buy to Hold with a price...
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White Castle Recalls Certain Frozen Sandwiches: What You Need To Know
Monday, December 9, 2019 - 11:45am | 349White Castle voluntarily recalled some of its frozen hamburgers due to a potential Listeria monocytogenes contamination. What Happened At White Castle Consumers who bought either a frozen six pack of White Castle hamburgers or jalapeno burgers or a 16 pack of frozen hamburgers of cheeseburgers...
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How Come There Aren't More White Castle Locations?
Thursday, November 21, 2019 - 2:35pm | 359White Castle's history dates back to 1921, so the iconic restaurant burger chain has been doing many things right over nearly a full century. If that's the case, why are there fewer than 400 locations spread out across 13 states? White Castle's unique square shaped burgers with a whole...
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Analysts Weigh In On Wendy's Quarter, Sales Decline
Thursday, November 8, 2018 - 5:10pm | 549Shares of Wendys Co (NASDAQ: WEN) sold off Wednesday after the company's third-quarter earnings report showed a North American same-store sales decline for the first time in about eight years. The Analysts KeyBanc Capital Markets' Eric Gonzalez maintains a Sector Weight rating on...
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Longbow Gains Appetite For Shake Shack After Post-Earnings Pullback
Tuesday, November 6, 2018 - 4:14pm | 451Investors should buy the dip in Shake Shack Inc (NYSE: SHAK) after the restaurant chain's Nov. 1 third-quarter earnings report resulted in a notable stock pullback, according to Longbow Research. The Analyst Analyst Alton Stump upgraded Shake Shack from Neutral to Buy with a new...
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4 Reasons To Like Wendy's, According To BTIG
Tuesday, September 25, 2018 - 1:18pm | 380Wendys Co (NASDAQ: WEN) boasts a compelling investment profile as multiple catalysts ahead will spur consistent sales growth, margin improvements and attractive capital returns, according to BTIG. The Analyst BTIG's Peter Saleh initiated coverage of Wendys with a Buy rating and $20 price target...
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Wedbush Turns Bullish On Habit Restaurants Ahead Of Q2 Report
Monday, July 30, 2018 - 1:37pm | 400The bullish case for Habit Restaurants Inc (NASDAQ: HABT), the fast casual restaurant concept known or its fresh and made-to-order burgers and sandwiches, can now be made ahead of Wednesday's earnings report, according to Wedbush. The Analyst Wedbush's Nick Setyan upgraded The Habit...
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Report: Ousted Papa John's CEO Wanted To Merge With Wendy's
Thursday, July 19, 2018 - 9:31am | 392Recently ousted Papa John's Int'l, Inc. (NASDAQ: PZZA) CEO John Schnatter reportedly held merger talks with burger fast food chain Wendys Co (NASDAQ: WEN), The Wall Street Journal reported Wednesday. What Happened Talks between the company Schnatter founded and Wendy's were in...
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Stephens Downgrades McDonald's Ahead Of Q1 Report
Monday, April 16, 2018 - 9:38am | 390McDonald's Corporation (NYSE: MCD) is scheduled to report first-quarter results April 30, and Stephens shifted to a neutral stance on the restaurant chain ahead of the print. The Analyst Stephens' Will Slabaugh downgraded McDonald's' stock rating from Overweight to Equal...
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Warren Buffett Still Prefers Burgers And iPhones To Tacos And Samsungs
Monday, February 26, 2018 - 12:20pm | 489Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) owns nearly $30 billion in Apple Inc. (NASDAQ: AAPL) shares, yet the 87-year-old billionaire investor doesn't own an iPhone. The iPhone Over An Android Buffett's affinity for his old school flip phone is well...
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McDonald's Q2 Earnings: Upside Scenario Likely Needed For Stock To Hold Gains
Monday, July 10, 2017 - 1:18pm | 334Analysts at Baird maintained an Outperform rating on McDonald's Corporation (NYSE: MCD)'s stock with an unchanged $164 price target heading into the restaurant chain's second-quarter earnings report on July 25. Baird's David Tarantino estimates McDonald's will report 8 percent...
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Quick Service Restaurants Are Winning This Quarter
Tuesday, May 23, 2017 - 9:21am | 414Quick service restaurant stocks are hot this quarter, at least according to analysts at Citi. Citi's Gregory Badishkanian commented in a brief research report that the battle between McDonald's Corporation (NYSE: MCD), Wendys Co (NASDAQ: WEN) and Burger King's parent company Restaurant Brands...