John Ivankoe

Shares of Bloomin’ Brands Inc. (NASDAQ:BLMN) climbed in early Monday trading despite the company reporting a decline in first-quarter sales on Friday. CEO Mike Spanos is identifying various investments that are "necessary for the longer-term vitality" of the company's different businesses,...

The recent volatility in restaurant chain stocks has provided "some opportunities," according to JPMorgan. While consumer confidence data has dipped, resulting in consumers becoming more careful in their discretionary spending, total industry supply growth has remained "surprisingly resilient, up...

JPMorgan analyst John Ivankoe gives Wendy’s Co (NASDAQ:WEN) a Neutral rating, lowering the price forecast to $17 from $20. Ivankoe stresses the need for improved cash returns from new U.S. units to accelerate growth, as Wendy’s U.S. units have grown by 1.4% since 2019 but declined by 2....

Shares of Restaurant Brands International Inc (NYSE: QSR) rose slightly in early trading on Monday, after Friday’s close with weekly losses of around 4%. There seems to have been a renewed interest in the business, following the appointment of key executives, including former Domino's...

Starbucks Corporation’s (NASDAQ: SBUX) stock has "underperformed our low expectations” since December 2021, which includes the announcement of the company’s fiscal first-quarter earnings in February, according to JPMorgan. The Starbucks Analyst: John Ivankoe upgraded the...

JPMorgan analysts met with Starbucks Corporation (NASDAQ: SBUX) management at its headquarters and drove home bullish on the coffee restaurant chain. The Analyst JPMorgan analyst John Ivankoe upgraded Starbucks from Neutral to Overweight with a price target lifted from $90 to $94. The Thesis...

After seeing shares increase over 50% year to date, Starbucks Corporation (NASDAQ: SBUX) has received a downgrade. The Analyst JPMorgan's John Ivankoe downgraded Starbucks from Overweight to Neutral and maintained a $91 price target. The Thesis Ivankoe says Starbucks valuation has become "...

JPMorgan hosted its annual "Gaming, Lodging, Restaurant & Leisure Management Access Forum," which included C-level presentations and participation from some of the biggest restaurant chains. After the event, the firm felt it appropriate to turn bullish on Domino's Pizza, Inc. (...

Despite sustained traffic outperformance versus its peers — which are also benefiting from an improvement in the casual dining environment — Bloomin' Brands Inc (NASDAQ: BLMN) shares have remained below $20 and are trading at a discount to company-operated casual...

At first glance, Texas Roadhouse Inc (NASDAQ: TXRH) reported another strong quarter Monday. But digging beyond the headline numbers shows the company now faces "limited" upside potential, according to JPMorgan. The Analyst JPMorgan's John Ivankoe downgraded Texas Roadhouse...

Chipotle 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...

JPMorgan’s John Ivankoe believes the current valuation of SYSCO Corporation (NYSE: SYY) in the low $50s offers an attractive entry point. The analyst upgraded the rating on the company from Neutral to Overweight, while raising the price target from $55 to $57. Q2 Miss Sysco reported its...

JPMorgan has downgraded Chipotle Mexican Grill, Inc. (NYSE: CMG) to Neutral from Overweight, as the stock has sustained at levels above its $375 price target. Furthermore, the brokerage is bearish on the casual dining sector. “While we do think it's interesting to see the company be more...

Following the “McTrip” event in Sydney on November 16, JPMorgan’s John Ivankoe noted that Australia was the No. 2 market in the world for McDonald's Corporation (NYSE: MCD) in terms of store-level profitability and among the five “International Lead” markets....

Yum! Brands, Inc. (NYSE: YUM) 2Q16 results indicate a China beat, while performances by other segments came in-line with or lower than expectations, JPMorgan’s John Ivankoe said in a report. He maintained an Overweight rating on the company, while raising the price target from $90 to $97...