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JPMorgan Assumes Coverage Of Planet Fitness At Overweight
Monday, June 6, 2016 - 1:08pm | 171Read More...JPMorgan's John Ivankoe assumed coverage of Planet Fitness Inc (NYSE: PLNT) at Overweight with a price target of $22.00. Ivankoe expects Planet Fitness catalysts to be strong long-term franchise unit driven growth and superior same store sales growth, both driving up future earnings. "Above average...
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JPMorgan Sets $16 Price Target On Fogo De Chao
Tuesday, May 17, 2016 - 10:06am | 217Read More...Fogo De Chao Inc (NASDAQ: FOGO) reported its 1Q16 results, with the EPS slightly below the estimate. JPMorgan’s John Ivankoe downgraded the rating on the company from Overweight to Neutral, while lowering the price target from $20 to $16. 1Q Results Fogo De Chao’s 1Q16 adjusted EPS came...
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A Break Under $30 Might Be Interesting Entry For Shake Shack Shares
Friday, May 13, 2016 - 7:42am | 260Read More...Shake Shack Inc (NYSE: SHAK) reported another quarterly beat in 1Q16. JPMorgan’s John Ivankoe maintained a Neutral rating for the company, with a price target of $35. The analyst commented that although comps and unit development lend up side to near- and long-term EPS, the shares appear...
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JPMorgan Cuts Target On Chipotle To $485, Maintains Overweight
Wednesday, April 27, 2016 - 9:47am | 197Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) reported 1Q16 loss per share of $0.88 and store margins of 6.8 percent. JPMorgan’s John Ivankoe maintained an Overweight rating for the company, while reducing the price target from $510 to $485. Chipotle Recovery Taking Longer, More Expensive...
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JPMorgan Adds Chipotle To Focus List, Removes Yum!
Friday, April 22, 2016 - 8:11am | 281Read More...JPMorgan’s John Ivankoe removed Yum! Brands, Inc. (NYSE: YUM) from their Analyst Focus List, recommending investors to accumulate shares at prices lower than ~$80. Instead, the analyst added Chipotle Mexican Grill, Inc. (NYSE: CMG) to the Analyst Focus List, saying that the current share...
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Chipotle Shares Have More Upside Than Downside; JPMorgan Raises Target To $510
Thursday, April 14, 2016 - 9:11am | 256Read More...Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) have plunged from above $530 in early March 2016 to below $450 on April 13. JPMorgan’s John Ivankoe upgraded the rating for the company from Neutral to Overweight, while raising the price target from $465 to $510. Chipotle’s current...
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JPMorgan Cuts Shake Shack Outlook, Sees 15% Downside
Tuesday, March 8, 2016 - 12:13pm | 263Read More...JPMorgan’s John Ivankoe maintained a Neutral rating on Shake Shack Inc (NYSE: SHAK), while lowering the price target from $50 to $35. The company reported strong 4Q15 results, with comps beating the estimate. Shake Shack’s sales, revenue and adjusted EBITDA beat the estimates,...
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JPMorgan Downgrades Wendy's, Says CapEx Should Have Been Lower
Thursday, February 11, 2016 - 10:15am | 336Read More...JPMorgan's John Ivankoe has downgraded the rating on Wendys Co (NASDAQ: WEN) from Overweight to Neutral, while lowering the price target from$12.00 to $10.50. Ivankoe believes that the company's previous capex guidance of $150 million over FY17/FY18 is too high, based on an end-FY16 store count of...
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Calls Of Note: The Research Moving Stocks Today
Thursday, August 6, 2015 - 12:03pm | 907Read More...The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." FBR: Upgrading Sprint David Dixon of FBR & Co. upgraded shares of Sprint Corp (NYSE: S) to Outperform from Market Perform with...
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Chipotle Mexican Grill Q4 Earnings Preview
Tuesday, February 3, 2015 - 4:18pm | 223Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) will report fourth-quarter earnings after the market close on Tuesday. The Street expects revenue of $1.07 billion and EPS of $3.79. JP Morgan analyst John Ivankoe expected Q4 EPS to come in at $3.66, below the current consensus. The firm maintained an...
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Yum! Brands Earnings Preview: A Delicious Treat Or Indigestion?
Tuesday, April 22, 2014 - 1:39pm | 873Read More...Yum! Brands (NYSE: YUM) will report its first quarter results on Tuesday after the closing bell. Analysts are expecting the fast-food chain operator to earn $0.85 per share on revenue of $2.80 billion. The last time Yum! Brands reported its earnings was on February 3 when the company earned $0.70...
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UPDATE: Chipotle Upgraded By JP Morgan Following 6% Drop on Thursday
Monday, April 21, 2014 - 9:34am | 144Read More...On Monday, J.P. Morgan upgraded shares of Chipotle Mexican Grill (NYSE: CMG) from Neutral to Overweight and raised the price target from $550 to $575. Analyst John Ivankoe believes “traffic momentum, three-years of latent pricing power and a variety of announced sales levers (vegan sofritas,...
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UPDATE: Yum! Downgraded by JP Morgan on New Reporting Structure
Monday, April 21, 2014 - 8:58am | 154Read More...On Monday, J.P. Morgan downgraded shares of Yum! Brands (NYSE: YUM) from Overweight to Neutral and raised the price target $77 to $80. Analyst John Ivankoe's downgrade is to reflect Yum's new reporting structure, which has KFC, Taco Bell and Pizza Hut “reported globally (excluding China and India...
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UPDATE: J.P. Morgan Upgrades Arcos Dorados Holding Ahead of Expected Outperformance
Tuesday, October 29, 2013 - 10:23am | 228Read More...In a report published Tuesday, J.P. Morgan analyst John Ivankoe upgraded the rating on Arcos Dorados Holding (NYSE: ARCO) from Neutral to Overweight, and raised the price target from $13.00 to $14.00. In the report, J.P. Morgan noted, “We are upgrading ARCO from Neutral to Overweight, our first OW...
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UPDATE: J.P. Morgan Reiterates on Brinker International on Brand-Specific Sales Drivers, Weak Industry Fundamentals
Thursday, October 24, 2013 - 9:33am | 289Read More...In a report published Thursday, J.P. Morgan analyst John Ivankoe reiterated a Neutral rating on Brinker International (NYSE: EAT), but lowered the price target from $45.00 to $44.00. In the report, J.P. Morgan noted, “Brinker F1Q EPS of $0.43 missed consensus of $0.45 and our $0.51 and included a...
