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Red Robin's Catalysts Aren't Playing Out As Expected, Canaccord Says In Downgrade
Thursday, August 2, 2018 - 2:59pm | 408Casual burger chain Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) delivered a disappointing preliminary second-quarter earnings update Wednesday that prompted Canaccord Genuity to downgrade the stock. The Analyst Canaccord's Lynne Collier downgraded Red Robin from Buy to...
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Chipotle Has A New Game Plan: Is Wall Street On Board?
Thursday, June 28, 2018 - 12:59pm | 659Casual fast food restaurant chain Chipotle Mexican Grill, Inc. (NYSE: CMG) on Wednesday detailed a new game plan, including closing 65 underperforming stores, a focus on the customer experience and food innovation. Are Street analysts on board with the company whose stock remains notably...
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Analysts Rave About Dave & Buster's Amid Q1 Earnings, 'Jurassic World' VR Launch
Tuesday, June 12, 2018 - 4:25pm | 625Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) may be heading back to the winners circle after reporting a first-quarter earnings and sales beat Monday. Analysts are particularly excited about the June 14 launch of the virtual reality game "Jurassic World." The...
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Chipotle's Q1: The Wall Street Reaction
Thursday, April 26, 2018 - 4:15pm | 838Chipotle Mexican Grill, Inc. (NYSE: CMG) reported a mixed first-quarter earnings report Wednesday, with an EPS beat and sales miss, but shares moved notably higher. Is now the time for investors to be buyers of the stock? Here's a summary of what some Wall Street analysts are saying after the...
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Was Red Robin's Quarter As Bad As It Seems?
Tuesday, November 7, 2017 - 2:49pm | 634Casual dining restaurant chain Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) reported third-quarter results Monday, showing a decline in adjusted earnings per share from 38 cents to 21 cents — despite 2.3 percent revenue growth to $304.2 million. Red Robin expects earnings per share of 45-...
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Wall Street Remains Sidelined On Chipotle After Disappointing Q3
Wednesday, October 25, 2017 - 4:04pm | 949Chipotle Mexican Grill, Inc. (NYSE: CMG) third-quarter earnings and revenues were a miss, and the stock is down a steep 15.05 percent at $275.50. That's a near five-year low for the fast casual chain. Chipotle stock was down a steep 15.05 percent to $275.50, sinking to a near 5-year...
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Chipotle's 'Noisy' Q3: 5 Takeaways From The Conference Call
Wednesday, October 25, 2017 - 1:27pm | 498After Chipotle Mexican Grill, Inc. (NYSE: CMG)'s "noisy" third-quarter results, Canaccord Genuity shared five takeaways from the conference call. Canaccord maintained its Hold on Chipotle and lowered its price target from $400 to $325. At the time of writing, Chipotle...
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Is Sonic Still Stalled After Mixed Q4?
Tuesday, October 17, 2017 - 11:48am | 391Following the release of fiscal year fourth-quarter results by Sonic Corporation (NASDAQ: SONC), Canaccord Genuity maintains its fiscal year 2018 estimates for the company and also the rating on the shares. As such, the firm reiterated its rating on Sonic at Hold but nudged up its price target...
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Of Hurricanes And Chicken Wings: A B-Dubs Story
Tuesday, September 19, 2017 - 3:09pm | 424A revision to Buffalo Wild Wings (NASDAQ: BWLD)'s financial model is necessary to reflect promotional changes, the impact of hurricanes Harvey and Irma, and chicken wing prices, analysts at Canaccord Genuity commented in a research report. The firm's Lynne Collier maintains a Hold rating on...
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2 Different Takes On B-Dubs Ahead Of Earnings
Friday, July 7, 2017 - 4:57pm | 500Shares of Buffalo Wild Wings (NASDAQ: BWLD) continue trading near multi-year lows, but could stage a rebound ahead of the company's second-quarter earnings report scheduled for July 26. UBS Sees Upside To $175 Investors remain focused on a few key factors that would support B-Dubs' growth...
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Analyst Says Dave & Buster's On Weakness: Best-In-Class Company Could Continue To Outperform The Industry
Wednesday, March 29, 2017 - 5:04pm | 325Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) fell sharply Wednesday following a fourth quarter results that saw disappointing comp, despite outperforming the entire industry. Earnings came ahead of consensus estimates, and same-store sales grew 3.2 percent, just short of the streets...
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Canaccord Says Buy The Pullback In Dave & Buster's Shares
Wednesday, September 7, 2016 - 12:28pm | 259Shares of Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) were trading lower by more than 3 percent after the company's second quarter earnings per share came in above the Street's estimates but its 1 percent comp gain fell short of the 2.1 percent the Street was looking for...
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Canaccord Genuity Serves Up Cautious Coverage On 15 Restaurant Names
Tuesday, August 23, 2016 - 3:36pm | 610Canaccord Genuity provided a cautious forecast on the restaurant industry. Analysts Lynne Collier and Philip May are concerned with ongoing labor costs and top-line issues. However, the brokerage believes there are select opportunities within the restaurant industry where multiples have contracted...
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Look For A Better Entry Point To Bite Into Buffalo Wild Wings
Tuesday, August 23, 2016 - 12:50pm | 353Canaccord Genuity’s Lynne Collier believes the valuation of Buffalo Wild Wings (NASDAQ: BWLD) mostly reflects the company’s “recently announced financial engineering and entrance of an activist.” Collier initiated coverage of the company with a Hold rating and $175 price...
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Fogo de Chao Is A Unique Growth Story, But Comps Have Slowed Down
Tuesday, August 23, 2016 - 12:42pm | 351Canaccord Genuity analysts Lynne Collier and Philip May think Fogo de Chao Inc (NASDAQ: FOGO) provides a unique growth story. However, the analysts are worried over the comps recording a slowdown in the recent past. As a result, the brokerage initiated the shares of the company with a Hold rating...