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Red Robin's Wings Clipped By Bank Of America Downgrade
Tuesday, September 13, 2016 - 3:04pm | 261Read More...Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) traded down on Tuesday after Bank of America Merrill Lynch downgraded the stock from Buy to Underperform rating. Analyst Joseph Buckley has a target price of $50 on the company's stock. The comments come in the wake of an earnings miss in the...
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Chipotle Boston College Timeline Might Not Make Sense, But Downside Risks Killing Investors
Tuesday, December 8, 2015 - 12:21pm | 575Read More...Local and national media outlets reported that members of Boston College's basketball team became ill after dining at a Chipotle Mexican Grill, Inc. (NYSE: CMG). Analysts at Bernstein questioned the timeline of the report – as the reports imply a shorter time frame from exposure to...
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Chipotle's E. Coli News Is Scaring These Analysts
Monday, November 23, 2015 - 1:20pm | 849Read More...The Centers for Disease Control announced six new cases of E. coli linked to Chipotle Mexican Grill, Inc. (NYSE: CMG) restaurants in California, Ohio, New York, and Minnesota. Chipotle's stock declined Monday morning, hitting a new 52-week low of $532.03 before rebounding and trading...
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It's A Busy Week For Restaurant Stocks: Here's Who Wins And Who Loses
Wednesday, August 5, 2015 - 2:52pm | 477Read More...Bank of America analyst Joseph Buckley outlined restaurant stocks and what he is looking for as the remaining names report earnings this week. Notably, that includes McDonald's Corporation (NYSE: MCD), Jack in the Box Inc. (NASDAQ: JACK), Brinker International, Inc. (NYSE: EAT), Noodles...
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Chipotle Still Worth $750 Per Share, According to BofA; Wedbush Disagrees
Wednesday, July 22, 2015 - 9:37am | 414Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) saw its shares see-saw following its second quarter print on Tuesday resulting in Wall Street's top analysts issuing mixed conclusions. Shortly after Wednesday's open, shares were trading at $713.06, up more than 5 percent. Bank Of America:...
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Bank Of America Says 'Change Is In The Air' At McDonald's, Stock Now Worth $112
Tuesday, March 3, 2015 - 10:37am | 254Read More...In a report published Monday evening, Bank Of America analyst Joseph Buckley argued that investor interest in McDonald's Corporation (NYSE: MCD) has increased following the appointment of its new CEO Steve Easterbrook. Easterbrook views himself as an "internal activist" and while Buckley noted it...
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BofA Just Reacted To McDonald's Sales Decline (And Made A Special Note On China)
Tuesday, February 10, 2015 - 10:26am | 351Read More...In a new note, Joseph Buckley of Bank of America commented on McDonald's Corporation (NYSE: MCD)'s January global same-store sales decline of 1.8 percent, and said it was in-line with expectations. Within the Americas, Buckley notes that the 0.4 percent comp gain was an improvement over...
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Bank Of America Says Chipotle Mexican Grill Had Strong Quarter, Lowers Estimates
Wednesday, February 4, 2015 - 9:58am | 261Read More...Joseph Buckley of Bank of America on Wednesday commented on Chipotle Mexican Grill, Inc.'s (NYSE: CMG) fourth-quarter results. Chipotle Mexican Grill earned $3.84 in the quarter, falling short of Buckley's estimates of $3.90. The company's same-store sales gains of 16.1 percent also...
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Burger King Eyes Acquisition Of Tim Hortons In Potential Tax Inversion Deal
Monday, August 25, 2014 - 8:57am | 327Read More...Burger King Worldwide (NYSE: BKW) is in talks to acquire Tim Hortons (NYSE: THI), according to a report from The Wall Street Journal. A potential deal would create a tax inversion in which Burger King's headquarters would be located in Canada. A combination of Tim Hortons and Burger King...
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UPDATE: Bank Of America Downgrades Domino's Pizza On Valuation
Tuesday, June 17, 2014 - 7:59am | 90Read More...In a note released Tuesday morning, Bank of America analyst Joseph Buckley downgraded shares of Domino's Pizza (NYSE: DPZ) from Neutral to Underperform and lowered the price target from $77 to $68. Buckley explained that the Domino's downgrade comes amid solid performance from the company over the...
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UPDATE: Bank of America Lowers PT on Potbelly Due To Weather
Wednesday, February 19, 2014 - 9:18am | 101Read More...In a report published Wednesday, Bank of America analyst Joseph Buckley lowered the price objective and maintained neutral on Potbelly (NASDAQ: PBPB). In spite of good 4Q13 results, guidance was lower than expected. Thus, Bank of America expected lower EPS for FY14 and FY15. In the report, Bank...
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Yum! Brands Delivers A Tasty Quarterly Result
Tuesday, February 4, 2014 - 4:19pm | 922Read More...After the closing bell on Monday, Yum! Brands (NYSE: YUM) reported its fourth quarter results. The company announced an EPS of $0.86, beating the consensus estimate of $0.80. Revenue of $4.17 billion missed the consensus estimate of $4.08 billion. Same-store sales declined overall by four...
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UPDATE: Bank of America Upgrades Cracker Barrel to Neutral on Strong Restaurant Sales
Thursday, May 30, 2013 - 8:55am | 141Read More...In a report published on Thursday, Bank of America analyst Joseph Buckley upgraded restaurant chain Cracker Barrel (NASDAQ: CBRL) from Underperform to Neutral and raised the price target from $68 to $99. In the report, Bank of America pointed out, "We had previously viewed Sardar Biglari's...
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Slow Growth Gets Chipotle Mexican Grill, Inc (CMG) Neutral Rating
Friday, December 18, 2009 - 3:24pm | 150Read More...Bank Of America Corporation (NYSE: BAC) initiated coverage of Chipotle Mexican Grill, Inc (NYSE: CMG) with a Neutral rating and a $95 price objective. The valuation for Chipotle Mexican Grill, Inc shares is debatable, in their view, given several factors suggesting that growth is slowing both from...
