John Glass

A recent report by Morgan Stanley presents the case that 2015 could be a great year for restaurant stocks. Analysts believe that there is no need to be skeptical of the recent positive turn in casual dining trends, as they believe the uptick in traffic is due to strengthening underlying demand...

Darden Restaurants, Inc. (NYSE: DRI) shares rose Wednesday after the company beat second-quarter expectations and said its first priority is settling on a real estate strategy. The company's shares traded recently at $57.55, up 3 percent. Darden's holdings include more than 1,200...

In a report published Friday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on Yum! Brands, Inc. (NYSE: YUM), and raised the price target from $71.00 to $74.00. In the report, Morgan Stanley noted, “YUM's Analyst Day reinforced the company's commitment to a diversified global...

In a report published Wednesday, Morgan Stanley analyst John Glass upgraded the rating on El Pollo LoCo Holdings Inc (NASDAQ: LOCO) from Underweight to Equal-Weight, and raised the price target from $23.00 to $25.00. In the report, Morgan Stanley noted, “Upgrading LOCO to EW on valuation. While we...

In a note out Wednesday morning, analyst John Glass of Morgan Stanley upgraded shares of El Pollo LoCo Holdings Inc (NASDAQ: LOCO) to Equal-Weight based on valuation. He raised the price target from $23 to $25, feeling a recent refinancing will add approximately 10 percent to 2015 EPS. Glass...

Morgan Stanley raised its price target on Jack in the Box Inc. (NASDAQ: JACK) Monday from $71 to $74 and maintained an Equal-weight rating after the company reported Q4 earnings. Analysts led by John Glass noted that “we are adjusting our FY15 EPS estimate down to $2.82, from $2.90, due...

John Glass of Morgan Stanley hosted McDonald's Corporation (NYSE: MCD) management team at a recent Global Consumer Conference. The analyst was "encouraged" as McDonald's management team laid out its plans to improve food quality and turnaround its operations. McDonald's plans to change the way...

Sonic Corporation's (NASDAQ: SONC) management team, including its CFO and treasurer, presented at a Morgan Stanley Global Consumer Conference earlier this week that impressed analysts. Analyst John Glass noted that Sonic's long-term story is "intact" given marketing and menu improvements which will...

McDonald's Corporation (NYSE: MCD) reported on Monday a global same-store sales decline of 0.5 percent in October. U.S. comps were down by 1.0 percent while European comps were lower by 0.7 percent. Asia Pacific, Middle East and Africa saw a 4.2 percent comp decline, mostly attributed to Japan and...

In a report published Thursday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on The Cheesecake Factory Incorporated (NASDAQ: CAKE), but lowered the price target from $46.00 to $42.00. In the report, Morgan Stanley noted, “Larger than expected 3Q miss was only partially...

In a report published Wednesday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on McDonald's Corporation (NYSE: MCD), but lowered the price target from $96.00 to $95.00. In the report, Morgan Stanley noted, “Amidst one of the worst quarters in recent history, MCD outlined...

In a report published Wednesday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on Sonic Corporation (NASDAQ: SONC), and raised the price target from $22.00 to $24.00. In the report, Morgan Stanley noted, “Strong 4Q driven by accelerating 2yr comp trends, with the only...

In a report published Wednesday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on Domino's Pizza, Inc. (NYSE: DPZ), and raised the price target from $83.00 to $84.00. In the report, Morgan Stanley noted, “Accelerating comps encouraging, driven by a balance of increased...

Yum! Brands, Inc. (NYSE: YUM) will report earnings after Tuesday's close, with consensus estimates of $0.89 per share on revenues of $3.48 billion. In the second quarter, Yum! reported EPS of $0.73, missing consensus estimates of $0.74. Morgan Stanley and Bank Of America are both below...