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No Jitters Here: 5 Starbucks Analysts Say Coffee Giant Is Making Right Decisions
Friday, November 4, 2022 - 11:03am | 531Starbucks Corporation (NASDAQ: SBUX) Thursday reported fourth-quarter results, with a revenue and earnings beat. Morgan Stanley Analyst John Glass maintained an Equal-Weight rating and a price target of $96. “Outsized US comp sales of 11% and positive commentary on current trends assuage near...
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4 Starbucks Analysts On Q2 Earnings: Brewing China Concerns, Strong US Demand And More
Wednesday, May 4, 2022 - 11:53am | 600Starbucks shares were rallying Wednesday after the coffee chain reported a second-quarter sales beat. The quarter was helped by strong growth and momentum in the North American segment. The big headwind facing the company is the impact of the China region, which analysts highlighted after the...
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Chipotle Can Navigate Food Cost Concerns, Menu Price Increases: 4 Analysts React To Earnings Report
Wednesday, April 27, 2022 - 5:25pm | 488Rising food costs, menu price increases and store growth were the big topics highlighted by analysts who cover restaurant company Chipotle Mexican Grill, Inc. (NYSE: CMG). Here are the key analyst takeaways. The Chipotle Analysts: Morgan Stanley analyst John Glass had an Overweight...
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How Russia Is Trying To Replace McDonald's And Peppa Pig
Thursday, March 17, 2022 - 5:38pm | 786Companies have pulled out of Russia in record numbers after the country invaded Ukraine. Russia is retaliating against some of the companies by looking the other way or ending patent protection on trademarks. Here’s the latest. There’s A New McDonald’s: A new trademark filing in...
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5 Starbuck Analysts On Howard Schultz's Return To C-Suite: 'Steady Hand'
Thursday, March 17, 2022 - 11:08am | 558On Wednesday, Starbucks Corporation (NASDAQ: SBUX) CEO Kevin Johnson announced he is retiring after five years in the position. While the coffee retailer searches for a permanent replacement for Johnson, Starbucks founder and former two-time CEO Howard Schultz will return as interim chief executive...
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Krispy Kreme Analysts React To First Earnings Report: 'Not Likely To Sway Investors'
Wednesday, August 18, 2021 - 1:59pm | 493Krispy Kreme Inc (NASDAQ: DNUT) shares have struggled since the company completed its IPO on July 1. On Tuesday, the donut maker released its first quarterly earnings report since the IPO, and the numbers underwhelmed the market. Krispy Kreme reported adjusted second-quarter EPS of 13 cents,...
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What 2 Starbucks Analysts See Brewing After Q3 Earnings
Thursday, July 29, 2021 - 12:56pm | 499Following Starbucks Corp’s (NASDAQ: SBUX) third-quarter earnings beat on Tuesday, July 27, analysts at Morgan Stanley and Cowen provided their key takeaways and future outlook. Starbucks Q3 Earnings Recap EPS came in at $1.01, beating consensus estimates of 77 cents by 31%. Revenue...
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Chipotle Stock Falls After Q4 Print: Should Investors Buy The Dip?
Wednesday, February 3, 2021 - 1:35pm | 938Casual restaurant chain Chipotle Mexican Grill, Inc. (NYSE: CMG) reported Tuesday with fourth-quarter results that prompted a 3% selloff in shares by Wednesday morning. Here's how the Street reacted to the print. The Chipotle Mexican Grill Analysts Raymond James analyst Brian Vaccaro...
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Morgan Stanley's Restaurant Pair Trade: Upgrade Darden, Downgrade Restaurant Brands
Tuesday, January 19, 2021 - 2:20pm | 471Darden Restaurants, Inc. (NYSE: DRI) may offer investors better opportunities based on a post-COVID pandemic demand for dining out, while Restaurant Brands International Inc (NYSE: QSR) has fewer catalysts to improve slumping sales. The Analyst: John Glass upgraded Darden's stock from Equal-...
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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...
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The Street Reacts To Chipotle's Q3 Earnings: Costs Heading 'In The Right Direction'
Thursday, October 22, 2020 - 1:46pm | 804Chipotle Mexican Grill, Inc. (NYSE: CMG) reported third-quarter results highlighted by a strong 14.1% sales growth but soaring demand for delivery is impacting profits. Chipotle reported quarterly earnings of $3.76 per share, which beat the analyst consensus estimate of $3.40 by 10.6%. The...
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Starbucks Analysts Stick To Sidelines After Q3 Print, Break Down COVID-19 Impact On Coffee Chain
Wednesday, July 29, 2020 - 12:43pm | 915Starbucks Corporation's (NASDAQ: SBUX) third-quarter report quantified the impact of the COVID-19 pandemic on the coffee chain. Starbucks said Tuesday that its fiscal third quarter revenue was down 38% year-over-year to $4.2 billion, and the company posted a net loss of $678.4 million...
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The Street Debates McDonald's Comeback
Wednesday, June 17, 2020 - 4:25pm | 763McDonald's Corp (NYSE: MCD) announced Tuesday a business update consisting of its same-store sales performance in April and May and COVID-19-related commentary. Here is a summary of how some of the Street's top analysts reacted to the report. The Analysts BTIG analyst Peter Saleh maintains...
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7 Starbucks Analysts On How The Coffee Giant Is Weathering A Pandemic
Wednesday, April 29, 2020 - 3:29pm | 1160Global coffee chain Starbucks Corporation (NASDAQ: SBUX) reported second-quarter results Tuesday that were notable for the disruption to its business from the coronavirus pandemic. Here's how the Street reacted. The Starbucks Analysts Oppenheimer analyst Brian Bittner maintained...
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3 Expert Reactions To Chipotle's Q1 Print
Wednesday, April 22, 2020 - 4:27pm | 629Chipotle Mexican Grill, Inc.'s (NASDAQ: CMG) first-quarter results earned praise from analysts and investors, as the stock traded higher by more than 12%. Chipotle reported quarterly earnings of $3.08 per share, which beat the analyst consensus estimate of $2.90. The company reported quarterly...