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Should Investors Throw A 'Pizza Party' And Buy Domino's?
Tuesday, August 2, 2016 - 12:52pm | 367Read More...The restaurant sector has been under serious pressure as of late following a bearish call by Stifel's restaurant analyst Paul Westra. The segment is also getting little help from earnings season in which 15 of the 16 restaurant chains that reported second-quarter results thus far said sales...
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Look Who's Coming To Dinner: The Restaurant ETF
Monday, March 7, 2016 - 9:58am | 651Read More...The consumer discretionary sector is off to a rocky start this year. For example, the Consumer Discretionary SPDR (ETF) (NYSE: XLY), last year's top performer among the nine legacy sector SPDR exchange-traded funds, is off 1.8 percent year to date. Quiet as it has been kept, restaurant stocks...
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Starboard Value Trims Its Stake In Darden Restaurants, Notes 'Significant Appreciation' In The Stock
Tuesday, January 12, 2016 - 10:35am | 165Read More...Activist investor Starboard Value disclosed in 13D filing on Tuesday that it trimmed its stake in Darden Restaurants, Inc. (NYSE: DRI) to 10.355 million shares from a prior 11.6 million share position. Starboard Value now controls around 8.1 percent of the company, a decrease from the 9.1...
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Barclays Predicts Restaurant Rebound
Monday, July 13, 2015 - 1:18pm | 404Read More...In a report published Monday, Barclays analyst Jeffrey Bernstein explored the U.S. Restaurant sector, noting that outperformance relative to the S&P 500 has been "muted" in the second quarter and will continue for the near-term, before outperformance resumes later on in the year...
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Starbucks A New Neutral At Credit Suisse
Wednesday, March 11, 2015 - 10:27am | 275Read More...In a report published Tuesday, Credit Suisse analyst Jason West initiated coverage of Starbucks Corporation (NASDAQ: SBUX) at Neutral with a $97 price target, urging investors to be "cautious" following a "remarkable run" in share prices. According to West, Starbucks...
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The Bob Evans Farms Miss 'Just Doesn't Make Sense,' Says Oppenheimer
Wednesday, March 4, 2015 - 9:41am | 281Read More...In a report published Tuesday evening, Oppenheimer analyst Brian Bittner commented that he is "perplexed" following Bob Evans Farms Inc's (NASDAQ: BOBE) third quarter results. According to Bittner, the company's earnings per share miss was attributed to the Restaurant segment...
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Chipotle Mexican Grill: What The Analysts Are Saying
Friday, January 31, 2014 - 3:19pm | 913Read More...Chipotle Mexican Grill (NYSE: CMG) on Thursday reported a strong fourth quarter result, which included a better-than-expected EPS and revenue. The company announced an EPS of $2.53, beating the consensus estimate of $2.52. Revenue of $844.1 million increased 20.7 percent year-over-year and beat...
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Feast Your Eyes - 7 Restaurant Chains To Watch In 2014
Thursday, January 9, 2014 - 1:43pm | 86Read More...Resturants are hard work, for owners, managers and staff. And they can be a risky business, with a failure rate of about 60 percent within the first three years. But there are also eating establishments whose popularity have turned them into major companies and household names, both in the U.S...
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Time to Chow Down on this High-Dividend, Low-Debt Takeover Candidate?
Thursday, December 5, 2013 - 5:16pm | 382Read More...In February of this year Landry's, which operates McCormick & Schmicks, Chart House and several other restaurant chains, made an offer of $22 a share for Ark Restaurant Corp. (NASDAQ: ARKR). Ark Restaurants, which owns and operates 19 restaurants and bars, along with 22 fast food concepts...
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Is McDonald's Taking on Starbucks in Coffee Wars?
Friday, November 15, 2013 - 10:30am | 607Read More...McDonald’s (NYSE: MCD) CEO Don Thompson wouldn’t name the Seattle-based chain as a competitor when he said Thursday that his company has less than its “fair share” of the coffee market. To date, McDonald’s “share” of restaurant coffee servings in the U.S. is less than 13 percent, according to...
