-
Dependence On Promotions Will Continue To Affect Chipotle's Pricing
Tuesday, July 19, 2016 - 11:58am | 367Goldman Sachs’ Karen Holthouse believes continued questions related to food safety suggest that Chipotle Mexican Grill, Inc. (NYSE: CMG)'s recovery will be slower than anticipated. Food Safety Concerns Persist Goldman Sachs’ recent survey revealed only 8 percent of the consumers who had...
-
Investors Should Be Watching Starbucks' U.S. Comps
Tuesday, July 19, 2016 - 11:22am | 294Goldman Sachs said investors should be watching the U.S. comps of Starbucks Corporation (NASDAQ: SBUX) when the company reports its quarterly results on July 21. Investors are focused on the debate of a 5 percent or 6 percent comp in the US. On the back of a moderately slower industry outlook,...
-
Food Safety Survey Shows Chipotle Trust Issues Persist
Tuesday, July 19, 2016 - 10:48am | 427Food safety concerns continue to affect Chipotle Mexican Grill, Inc. (NYSE: CMG), although sales initiatives could have an impact on value perceptions, Goldman Sachs’ Karen Holthouse said in a report. She maintained a Neutral rating on the company, with a price target of $490. The food...
-
Goldman Warns Of Downside Bias In Chipotle Heading Into Q2 Earnings
Tuesday, July 19, 2016 - 8:44am | 312Chipotle Mexican Grill, Inc. (NYSE: CMG) is unlikely to report a meaningful improvement in its top-line in Q2, Goldman Sachs’ Karen Holthouse said in a report. She maintained a Neutral rating on the company, with a price target of $490. Even post the food safety concerns, Chipotle’s...
-
Goldman Sees Yum's Conservative Tone On China As 'Appropriate, Accurate'
Friday, April 22, 2016 - 8:54am | 313Yum! Brands, Inc. (NYSE: YUM) projected continued uncertainty in China. Goldman Sachs’ Karen Holthouse maintained a Sell rating for the company, while raising the price target from $66 to $70. The analyst commented that while investor focus is on Yum’s conservative guidance, the...
-
Starbucks' Momentum Remains In The US, Still Has Huge Opportunity With Mobile Order/Pay
Friday, April 22, 2016 - 7:32am | 283Starbucks Corporation (NASDAQ: SBUX) shares came under pressure after the company missed revenue expectations for F2Q and announced its Q3 earnings guidance short of forecasts. Goldman Sachs’ Karen Holthouse maintained a Buy rating for Starbucks, while raising the price target from $69 to $...
-
Goldman Upgrades Wingstop To Buy, Sets $28 Target
Friday, April 1, 2016 - 11:54am | 236Wingstop Inc (NASDAQ: WING) shares have declined by a sharp 10 percent since March 4, as compared to the 3 percent appreciation in the S&P 500. However, Goldman Sachs’ Karen Holthouse upgraded the rating on the company from Neutral to Buy, while raising the price target from $27 to $...
-
Goldman Downgrades Chipotle On Near-Term Risk
Friday, April 1, 2016 - 10:56am | 280Chipotle Mexican Grill, Inc. (NYSE: CMG)'s mid-quarter update revealed ongoing comp risk even from “normal” events, as well as ongoing cost risk due to the company’s promotional strategy, which is based on coupon drops. Goldman Sachs’ Karen Holthouse downgraded the...
-
Goldman Adds Buffalo Wild Wings To 'Conviction Buy' List Following Sell Off
Thursday, March 24, 2016 - 7:15am | 235Goldman Sachs’ Karen Holthouse maintained a Buy rating for Buffalo Wild Wings (NASDAQ: BWLD) and a price target of $187. The company was added to the Conviction Buy List, as the near-term risk-reward seemed compelling. Buffalo Wild Wings’ shares have declined by 14 percent in the...
-
Goldman Sachs Removes Domino's Pizza From 'Conviction Buy' List
Tuesday, March 1, 2016 - 9:13am | 278Goldman Sachs' Karen Holthouse maintained a Buy rating on Domino's Pizza, Inc. (NYSE: DPZ), while raising the price target from $118 to $138. Holthouse also removed the stock from the Americas Conviction Buy List. Mentioning that there still could be 4 percent upside to the stock valuation despite...
-
Goldman Is Buying Wendy's, Downbeat On Brinker & Bloomin' Brands
Thursday, November 19, 2015 - 10:27am | 633Wendys Co (NASDAQ: WEN) shares are up 10 percent year-to-date, while shares of Brinker International, Inc. (NYSE: EAT) and Bloomin' Brands Inc (NASDAQ: BLMN) are down double digits. Goldman Sachs’ Karen Holthouse upgraded Wendy’s, downgraded Brinker and removed Bloomin'...
-
3 Reasons Goldman Is Buying Starbucks Stock
Friday, October 30, 2015 - 10:02am | 337Starbucks Corporation (NASDAQ: SBUX) shares have appreciated 55.79 percent year-to-date, reaching a high of $63.51 on October 28. Goldman Sachs' Karen Holthouse has maintained a Buy rating on the company, while raising the price target from $65 to $69. Although the company has a good...
-
Goldman Searching For Alpha In Restaurants: Downgrades Shake Shack & Dunkin Brands, Upgrades Panera
Thursday, July 9, 2015 - 12:35pm | 614In a report published Thursday, Goldman Sachs analyst Karen Holthouse reviewed the fast food/casual restaurant sector, noting the group has outperformed the S&P 500 index year-to-date, rising 11 percent versus the 1 percent decline in the overall index. Given the group's strong...
-
Why Goldman Removed Starbucks From Its 'Conviction List'
Wednesday, July 1, 2015 - 1:20pm | 377In a report published Wednesday, Goldman Sachs analyst Karen Holthouse removed shares of Starbucks Corporation (NASDAQ: SBUX) from its ‘Americas Conviction List' but retained a Buy rating with a $57 price target, noting that there are other stocks with greater upside potential. Since...
-
Here's What 2 Analysts Are Saying About Starbucks Ahead Of Its Q1 Report
Thursday, April 23, 2015 - 12:25pm | 418Starbucks Corporation (NASDAQ: SBUX) will report its second quarter results on Thursday after market close. The Estimize Consensus earnings per share estimate (based on 61 estimates) is $0.34 on revenue of $4.506 billion. This compares to the Wall Street Consensus earnings per share estimate of...