-
BMO Says Starbucks Is A 'Reopening Beneficiary,' Upgrades To Outperform
Tuesday, February 23, 2021 - 10:40am | 307Starbucks Corporation (NASDAQ: SBUX) should be considered as a "reopening beneficiary" and the coffee chain giant is well-positioned to show upside versus expectations, according to BMO Capital Markets. The Starbucks Analyst: Andrew Strelzik upgraded Starbucks from Market Perform to...
-
Bloomin' Brands Has 40% Upside Potential, BMO Says
Monday, November 16, 2020 - 3:00pm | 366Outback Steakhouse's parent company Bloomin' Brands Inc (NASDAQ: BLMN) faces a few months of challenges ahead but could be a winner in the restaurant category in a post-COVID reality, according to BMO Capital Markets. The Analyst: Andrew Strelzik upgraded Bloomin' Brands stock from...
-
4 Analysts On Dunkin'-Inspire Brands M&A Deal: 'Solid Price'
Monday, November 2, 2020 - 12:39pm | 750Coffee chain Dunkin Brands Group Inc (NASDAQ: DNKN) confirmed Friday evening that it struck deal to sell itself to Inspire Brands for $106.50 per share. The Street's mostly supportive of the deal — and questioning whether it signals further M&A deals ahead in the restaurant...
-
BMO Turns Bullish On Dave & Buster's After $500M Junk Bond Sale
Tuesday, October 20, 2020 - 12:17pm | 290Dave & Buster's Entertainment Inc (NASDAQ: PLAY) plans on raising $500 million in a junk bond sale and this removes a key overhang around the stock, according to BMO. The Dave & Buster's Analyst: Andrew Strelzik upgraded Dave & Buster's from Market Perform to Outperform...
-
What Olive Garden And LongHorn Steakhouse Tell Us About Darden
Friday, September 25, 2020 - 12:59pm | 854Darden Restaurants, Inc. (NYSE: DRI), the parent company of Olive Garden and LongHorn Steakhouse among others, reported Thursday fiscal first-quarter results highlighted by a continued sales recovery and the reinstatement of its dividend. The stock traded sharply higher and sits around $96.24 per...
-
BMO No Longer A Bloomin' Brands Bear
Thursday, September 5, 2019 - 1:53pm | 332Activist investor Jana Partners confirmed a stake in Outback Steakhouse parent company Bloomin' Brands Inc (NASDAQ: BLMN) which increases the likelihood the restaurant company will sell itself for at least $25 per share, according to BMO. The Analyst BMO Capital Markets analyst Andrew Strelzik...
-
Chipotle Shares Hit New All-Time Highs: The Street Debates What's Next
Wednesday, July 24, 2019 - 1:05pm | 865Chipotle Mexican Grill, Inc. (NYSE: CMG) reported better-than-expected second-quarter results highlighted by strong growth in digital sales. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts BMO Capital Markets' Andrew Strelzik maintains an...
-
Analyst Tries To Debunk Bear Thesis Against Wingstop's Growth
Monday, June 24, 2019 - 4:04pm | 330Some Wingstop Inc (NASDAQ: WING) investors argue the chicken wing chain's expansion will result in cannibalization, but a deep dive into the thesis points otherwise, according to BMO Capital Markets. The Analyst BMO's Andrew Strelzik maintains an Outperform rating on Wingstop with a price...
-
The Street Debates Darden's Earnings: Low Bar Set For Guidance?
Friday, June 21, 2019 - 2:50pm | 663Olive Garden parent company Darden Restaurants, Inc. (NYSE: DRI) on Thursday reported fourth-quarter results. Earnings of $1.76 per share beat the analyst consensus estimate of $1.72, while quarterly sales of $2.23 billion missed the consensus estimate of $2.24 billion. Here is a summary of how...
-
Wall Street Sours On Dave & Buster's
Thursday, June 13, 2019 - 12:09pm | 537Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares were pummeled after reporting worse-than-expected first-quarter sales results on Tuesday that also saw the company cut its fiscal year 2019 guidance. Wells Fargo Downgrades Wells Fargo analyst Jon Tower lowered his rating from...
-
Where's The Beef? Street Weighs In On Wendy's Stock
Friday, May 10, 2019 - 8:10am | 691Wendys Co (NYSE: WEN) reported first-quarter results, which one analyst says shows "uninspiring" metrics while another says the performance was " comprehensively solid." The Analysts Mizuho Securities' Jeremy Scott maintains a Neutral rating on Wendys' stock with a price...
-
The Street Remains Bullish On McDonald's
Wednesday, May 1, 2019 - 1:02pm | 684McDonald's Corp (NYSE: MCD) reported first-quarter results, which came in better than expected but management's commentary of higher expenses has the Street debating the company's upside potential. The Analysts Stephens' Will Slabaugh maintains an Overweight rating on McDonald's...
-
3 Bulls React To Dave & Buster's Q4 Earnings
Wednesday, April 3, 2019 - 2:19pm | 544Entertainment and dining venue company Dave & Buster's Entertainment Inc (NASDAQ: PLAY) reported fourth-quarter results that came in better than the higher-end of management's own expectations. Here is a summary of how three analysts reacted to the print. The Analysts BMO Capital...
-
Valuation Concerns Prompt BMO To Downgrade Dunkin' Brands
Wednesday, April 3, 2019 - 11:53am | 392Shares of coffee and food chain Dunkin Brands Group Inc (NASDAQ: DNKN) outperformed the S&P 500 index by around 2,000 basis points over the past year, and investors may want to consider taking a "coffee break," according to BMO Capital Markets. The Analyst BMO's Andrew...
-
Chipotle Shares Are Soaring, But Some Analysts Remain Bearish
Thursday, February 7, 2019 - 11:24am | 769Chipotle Mexican Grill, Inc. (NYSE: CMG) reported fourth-quarter results that handily exceeded expectations from a growth in comparable sales and total transactions. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Morgan Stanley's John Glass...