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Starbucks Will Have To Ramp Up Same-Store Sales To Meet Its Guidance
Friday, November 4, 2016 - 12:18pm | 303After hitting a new 52-week low of $50.84 on Friday, shares of Starbucks Corporation (NASDAQ: SBUX) gained more than 3 percent as investors fully digested the company's fiscal fourth-quarter earnings report. In a research report on Friday, Jason West of Credit Suisse reaffirmed a Neutral rating on...
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Chipotle's Current Environment 'A New Normal,' Says Credit Suisse
Wednesday, October 26, 2016 - 10:03am | 332Credit Suisse has downgraded Chipotle Mexican Grill, Inc. (NYSE: CMG) to Neutral from Outperform, saying the disappointing third-quarter results indicate a further delay in sales recovery. The company’s third quarter same store sales (SSS) fell 22 percent versus CS/consensus estimate of a...
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Yum Brands Has 30% Upside Following China Divestiture
Wednesday, October 19, 2016 - 8:47am | 481Credit Suisse’s Jason West has upgraded Yum! Brands, Inc. (NYSE: YUM) to Outperform from Neutral to reflect the strong growth prospects for "New Yum" (non-China). West’s bullish outlook is centered on "New Yum" (non-China), which will begin trading on a standalone...
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Darden's Comps Outperformance More Than A Flash In The Pan
Friday, October 7, 2016 - 11:22am | 383Following meetings with Darden Restaurants, Inc. (NYSE: DRI)'s management, Credit Suisse’s Jason West believes the company “can sustain relevance in a crowded dining market with evolving consumer tastes.” West maintains an Outperform rating on the company with a price target of $...
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Credit Suisse Previews Yum's October 11 Investor Day
Wednesday, September 28, 2016 - 10:22am | 341Credit Suisse issued a report detailing what to expect during YUM! Brands, Inc. (NYSE: YUM)'s investor day on October 11 and from "Yum China," the company's recent spin, which is set to begin trading on November 1. Analyst Jason West raised Credit Suisse's price target for the company from $88 to $...
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Channel Checks Suggest It's Time To Buy The Dunkin Donuts
Tuesday, September 20, 2016 - 10:04am | 299US checks indicated acceleration in Dunkin Brands Group Inc’s (NASDAQ: DNKN) same store sales in Q3 to-date, Credit Suisse’s Jason West said in a report. He maintained an Outperform rating on the company, while raising the price target from $51 to $52. Checks Suggest Increased...
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Credit Suisse McDonald's Channel Checks Suggest Sluggish Comps Growth
Thursday, September 15, 2016 - 9:53am | 389Credit Suisse’s Jason West believes the recent pullback in McDonald's Corporation (NYSE: MCD) shares suggests that investors are already pricing in disappointing Q4 results for the U.S. business. West reiterated an Outperform rating on the company, with a price target of $132. Sluggish...
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What Would A Franchised Chipotle Look Like? Credit Suisse Elaborates
Tuesday, September 13, 2016 - 10:22am | 408Roughly a year has passed since Chipotle Mexican Grill, Inc. (NYSE: CMG)’s disastrous food contamination outbreaks. Unfortunately for investors, Chipotle’s revenue and share price are still significantly down from their pre-outbreak peaks. However, Chipotle investors received some...
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Potential For A Restructuring? Credit Suisse Upgrades Buffalo Wild Wings
Tuesday, August 9, 2016 - 9:28am | 310Credit Suisse’s Jason West believes the emergence of an activist shareholder for Buffalo Wild Wings (NASDAQ: BWLD) is likely to provide a “floor” for the stock and “a potential win-win for shareholders, i.e., either fundamentals improve and/or restructuring comes into play...
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Credit Suisse Says Yum Brands' Raised Guidance Likely To Carry Stock Higher
Thursday, July 14, 2016 - 10:51am | 302Although Yum! Brands, Inc. (NYSE: YUM) reported “generally weak” 2Q results, Credit Suisse’s Jason West believes the positive comments on recent trends and the increased EBIT guidance could drive the stock up on July 14. West maintains a Neutral rating on the company, with a price...
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McDonald's Price Target Cut On Brexit, Channel Checks
Monday, June 27, 2016 - 7:22am | 311While recent McDonald's Corporation (NYSE: MCD) franchisee checks indicate lower U.S. same-store sales, the company may face macro headwinds due to the Brexit decision, Credit Suisse’s Jason West said in a report. He maintained an Outperform rating for the company, while reducing the...
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4 Takeaways Related To Chipotle's Food Safety Practices Probe
Tuesday, June 21, 2016 - 8:22am | 344Credit Suisse held a conference call with food safety attorney, Shawn Stevens, on June 20 “to better understand the potential implications of the Federal investigations” into the food safety practices of Chipotle Mexican Grill, Inc. (NYSE: CMG) Credit Suisse’s Jason West maintains...
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Credit Suisse Still 'Searching For Bottom' At B-Dubs
Wednesday, April 27, 2016 - 10:17am | 233Buffalo Wild Wings (NASDAQ: BWLD) reported poor 1Q EPS of $1.73, due to weak same-store-sales. Credit Suisse’s Jason West maintained an Underperform rating for the company, while reducing the price target from $142 to $120. The analyst commented that although investors had feared a comp...
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Chipotle Suffered A 'Painfully Slow' Recovery
Wednesday, April 27, 2016 - 8:24am | 315Chipotle Mexican Grill, Inc. (NYSE: CMG) has announced its 1Q16 results generally in-line with its pre-announcement. Credit Suisse’s Jason West maintains an Outperform rating on the company, while lowering the price target from $550 to $500. 1Q16 Miss West mentioned that the EPS for 1Q missed...
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Credit Suisse Raises Estimates On McDonald's, Believes Comps Momentum Has Continued Into Q2
Monday, April 25, 2016 - 9:08am | 342Credit Suisse raised 2016 EPS estimate for McDonald's Corporation (NYSE: MCD) on improved forex and a first-quarter beat. "Investors may feel they missed this one given the re-rating of the multiple and as several major catalysts have been announced (All Day Breakfast, McPick2, leverage, G&A...