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Goldman Takes A Bite Of Darden, Spits Out Bloomin' Brands, Wingstop
Tuesday, September 11, 2018 - 5:12pm | 478Read More...Goldman Sachs has a good feeling about the dining sector. “We are optimistic on restaurants’ top-line trajectory through 2H18, and see no historical precedent for a rapid reversal from new all-time highs of discretionary wallet share,” the firm said in a Tuesday note. Goldman does...
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Why Goldman Sachs Is Adding AutoZone, McDonald's To Its Conviction List
Monday, May 7, 2018 - 1:41pm | 667Read More...Goldman Sachs' "Conviction List" of stocks that are expected to outperform now includes two new entrants: auto parts retailer AutoZone, Inc. (NYSE: AZO) and fast food chain McDonald's Corporation (NYSE: MCD). The Analyst Goldman Sachs' Matthew Fassler maintains a Buy rating...
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Goldman Sachs Removes Starbucks From Conviction List, Maintains Buy Rating
Friday, January 26, 2018 - 12:19pm | 387Read More...Starbucks Corporation (NYSE: SBUX) lost its place on Goldman Sachs' conviction list as the firm lowered its estimates for the coffee retailer. The Analyst Analyst Karen Holthouse removed Starbucks from Goldman's conviction list, but maintained a Buy rating and...
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A Restaurant Pair Trade: Jack In The Box Vs. Bloomin Brands
Friday, January 19, 2018 - 6:25pm | 596Read More...The restaurant sector, especially in the domestic market, is likely to benefit from multiple tailwinds, including tax reform and strong demand, according to Goldman Sachs. But some names will perform better than others. The Analyst Goldman Sachs' Karen Holthouse upgraded Jack in the Box...
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Food Safety Isn't The Only Concern For Chipotle; Goldman Sachs Cuts Target To $375
Tuesday, July 25, 2017 - 10:57am | 403Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) shares falling to $200? Goldman Sachs analyst Karen Holthouse sees it as a possibility, as she lowered her 12-month price target from $440 to $375 and maintained her Neutral rating in a note that came out Monday. Since the most recent Chipotle illness...
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Amid Mixed Reaction To Q4, Starbucks Remains A Best-In-Class Growth Story
Friday, November 4, 2016 - 1:44pm | 327Read More...Goldman Sachs maintains its Buy rating on Starbucks Corporation (NASDAQ: SBUX) after the company reported solid results amid the ongoing restaurant industry slump. However, global same store sales of 4 percent missed consensus view of 4.8 percent. The world's largest coffee chain’s same-...
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Chipotle Could Take A Clue From Starbucks
Thursday, October 27, 2016 - 8:00am | 295Read More...Goldman Sachs says Chipotle Mexican Grill, Inc. (NYSE: CMG) could take a clue from Starbucks Corporation (NASDAQ: SBUX) as the company reorients its marketing strategy, which the brokerage feels is a right move. Starbucks started focusing more on lower frequency customers in 2010-2012 with the...
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Goldman Takes A Deep Dive Into Starbucks' CPG Business
Thursday, September 22, 2016 - 9:12am | 274Read More...Starbucks Corporation’s (NASDAQ: SBUX) CPG business seems to be “a potentially underappreciated component of the longer-term growth story,” Goldman Sachs’ Karen Holthouse said in a report. She maintained a Buy rating on the company, with a price target of $69. Starbucks...
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Goldman Removes Wendy's From 'Conviction Buy' List Following Q2 Earnings
Thursday, August 11, 2016 - 12:43pm | 248Read More...Analysts at Goldman Sachs no longer feel that Wendys Co (NASDAQ: WEN) should be a part of its "Conviction Buy" list following the burger chain's Q2 earnings result. In a research report on Wednesday, analyst Karen Holthouse acknowledged Wendy's remains a "compelling...
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Goldman Believes Starbucks Comps Could Accelerate In Q4, Adds To Conviction List
Tuesday, July 26, 2016 - 9:47am | 299Read More...Prospects of a reacceleration in comps and a favorable valuation point towards potential multiple expansion in Starbucks Corporation (NASDAQ: SBUX) shares, Goldman Sachs’ Karen Holthouse said in a report. She reiterated a Buy rating on the company and added the stock to the Americas...
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Goldman Sachs Cuts Chipotle's Price Target To $445, Still Lacking Top-Line Visibility
Friday, July 22, 2016 - 8:11am | 297Read More...While Chipotle Mexican Grill, Inc. (NYSE: CMG) is undertaking initiatives, there is lack of clarity into the company’s top-line and margin profile, Goldman Sachs’ Karen Holthouse said in a report. She maintained a Neutral rating on the company, while reducing the price target from $...
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Dunkin' Brands Sees Small Improvement, But Goldman Still Sees Risks
Friday, July 22, 2016 - 7:44am | 278Read More...Although Dunkin Brands Group Inc (NASDAQ: DNKN) has indicated an improvement in 2Q, industry trends continue to be a risk, Goldman Sachs’ Karen Holthouse said in a report. She maintained a Neutral rating on the company, while raising the price target from $46 to $47. Reading Into The...
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Goldman Sachs Lowers Starbucks Price Target, Sees Potential 2017 Overhang
Friday, July 22, 2016 - 7:28am | 280Read More...Although Starbucks Corporation (NASDAQ: SBUX) comp sales are expected to accelerate from F3Q levels, costs could be an overhand in FY17, Goldman Sachs’ Karen Holthouse said in a report. She maintained a Buy rating on the company, while reducing the price target from $73 to $69. “We...
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Goldman Grades America's Restaurants; Recommends Buy On Domino's, Starbucks
Tuesday, July 19, 2016 - 3:05pm | 612Read More...Goldman Sachs recommends Buying Domino's Pizza, Inc. (NYSE: DPZ) and Starbucks Corporation (NASDAQ: SBUX) ahead of their quarterly earnings. American restaurants such as Domino's, Starbucks, Chipotle Mexican Grill, Inc. (NYSE: CMG) and Dunkin Brands Group Inc (NASDAQ: DNKN) are expected to report...
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Domino's Gets Goldman's Blessing Heading Into Earnings
Tuesday, July 19, 2016 - 1:12pm | 265Read More...Shares of Domino's Pizza, Inc. (NYSE: DPZ) have gained 22 percent over the past year. Despite the strong outperformance versus major indices, Karen Holthouse of Goldman Sachs remains bullish on the pizza chain. Holthouse commented in a note on Tuesday she remains "comfortable"...
