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Starbucks Continues Grande Growth In China, But Flat US Traffic Hurts Quarter
Friday, April 26, 2019 - 2:25pm | 507Starbucks Corporation (NASDAQ: SBUX) turned in a mixed quarter, bolstered by unexpectedly strong growth in China but marred by flat traffic in the U.S. The reaction from the sell-side was also mixed, and a bit muted, with several analysts continuing to recommend the stock and raising the price...
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Bon Appétit: The Street Has Mostly Bullish Reaction To Darden's Q3
Friday, March 22, 2019 - 4:28pm | 800Olive Garden's parent company Darden Restaurants, Inc. (NYSE: DRI) reported Thursday with a top-and-bottom line beat in its fiscal third quarter results and lifted its full-year 2019 outlook. The following is a roundup of the Street's reaction. The Analysts Morgan Stanley's...
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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...
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Did McDonald's Deliver A Beefy Quarter? The Street Debates
Thursday, January 31, 2019 - 4:40pm | 728McDonald's Corp (NYSE: MCD) fourth-quarter results showed a beat on the earnings line, but U.S. same-store sales missed expectations. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Bank Of America's Gregory Francfort maintains a Buy rating...
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The Street Mostly Agrees: Starbucks Print Shows 'Positive, Less Controversial' Quarter
Friday, January 25, 2019 - 2:04pm | 662Coffee chain Starbucks Corporation (NASDAQ: SBUX) reported Thursday afternoon with a top-and bottom-line first-quarter beat. Here's how the Street reacted. The Analysts Morgan Stanley's John Glass maintains an Equal-weight rating on Starbucks with an unchanged $70...
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McDonald's, Restaurant Brands, Chipotle Are Morgan Stanley's Top Restaurant Picks In Challenging Year For Sector
Friday, January 11, 2019 - 4:32pm | 854As the economic expansion ages and macroeconomic fundamentals begin to deteriorate, one sector that is likely to find the going tough is the consumer discretionary sector. This year presents a complicated backdrop for restaurant investing, according to Morgan Stanley said. The Analyst Analyst...
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Sell-Side Analysts React To Olive Garden Parent Company's Earnings Beat
Wednesday, December 19, 2018 - 12:19pm | 632Darden Restaurants, Inc. (NYSE: DRI), best known for its Olive Garden and LongHorn Steakhouse brands, reported an EPS beat and slight revenue miss in its fiscal second quarter while management lifted its outlook higher. Here is a summary of how some of the Street's top analysts reacted to the...
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Bloomin Brands Performance Will Be Supported By Outback, Morgan Stanley Says
Wednesday, December 19, 2018 - 10:15am | 302Although Bloomin' Brands Inc (NASDAQ: BLMN) has achieved improved revenue growth in 2018, shares have lagged and its stock valuation is at the lower end of its casual dining peers, according to Morgan Stanley. The Analyst Morgan Stanley’s John Glass upgraded Bloomin Brands from...
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Morgan Stanley: The Street Underestimates McDonald's Store Remodel Story
Thursday, November 29, 2018 - 10:21am | 363Mcdonald's Corp (NYSE: MCD) continues to invest in its business through store remodels and its "Experience of the Future" and the potential positive impact is underappreciated by the Street, according to Morgan Stanley. The Analyst Morgan Stanley's John Glass upgraded McDonald...
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Analysts React To Starbucks' Brewing Q4 Success
Friday, November 2, 2018 - 10:54am | 723Starbucks Corp. (NASDAQ: SBUX) posted strong fourth-quarter results Thursday, reporting earnings per share of 62 cents per share, beating a 60-cent estimate. Starbucks also topped revenue estimates, raking in $6.3 billion against an expected $6.27 billion. The Analysts Bank of America Merrill...
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Morgan Stanley Downgrades Wingstop For Valuation Reasons
Thursday, October 18, 2018 - 12:44pm | 337After gaining around 80 percent year-to-date, the bullish case for Wingstop Inc (NASDAQ: WING) can no longer be justified for valuation reasons. The Analyst Morgan Stanley's John Glass downgraded Wingstop from Overweight to Equal-weight with a price target lifted from $60 to $69. The Thesis...
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Morgan Stanley Turns Bullish On Chipotle, Says Earnings Recovery Is Real
Wednesday, August 15, 2018 - 9:46am | 374Fast casual restaurant chain Chipotle Mexican Grill, Inc. (NYSE: CMG) is undergoing a compelling earnings recovery story led by a new management team, according to Morgan Stanley. The Analyst Morgan Stanley's John Glass upgraded Chipotle Mexican Grill from Equal-weight to...
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Should Investors Buy The Dip In Starbucks? These Street Analysts Are Saying No
Wednesday, June 20, 2018 - 11:33am | 678Multiple Street analysts are hesitant in recommending Starbucks Corporation (NASDAQ: SBUX)'s stock, which is trading at new 52-week lows in reaction to a disappointing sales and outlook update. The Analysts Stephens' Will Slabaugh maintained an Equal-Weight rating on Starbucks ...
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Starbucks Downgraded By Morgan Stanley After 'Negative Surprise' In Forecast
Wednesday, June 20, 2018 - 9:57am | 630Starbucks Corporation (NASDAQ: SBUX) said Tuesday afternoon in a third-quarter preannouncment that it needs to "move faster to address the more rapidly changing preferences and needs of our customers." The coffee chain lowered its new store growth forecast. The discouraging announcement...
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Wall Street's Take On Starbucks Following Schultz's Departure
Tuesday, June 5, 2018 - 11:42am | 666After 40 years at Starbucks Corporation (NASDAQ: SBUX), founder Howard Schultz announced he is leaving the company later this month. Starbucks stock dipped 3 percent Tuesday following the announcement, and several Wall Street firms weighed in on the potential impact on the coffee chain. Here’...