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Wedbush's Checks With Dunkin Franchisees Points To Bullish Outlook
Monday, June 24, 2019 - 12:27pm | 296First-hand conversations and checks with Dunkin Brands Group Inc (NASDAQ: DNKN) prompted one research firm to upgrade the coffee chain's stock. The Analyst Wedbush's Nick Setyan upgraded Dunkin Brands from Neutral to Outperform with a price target lifted from $76 to $92. The Thesis Dunkin...
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The Street Debates Darden's Earnings: Low Bar Set For Guidance?
Friday, June 21, 2019 - 2:50pm | 663Olive Garden parent company Darden Restaurants, Inc. (NYSE: DRI) on Thursday reported fourth-quarter results. Earnings of $1.76 per share beat the analyst consensus estimate of $1.72, while quarterly sales of $2.23 billion missed the consensus estimate of $2.24 billion. Here is a summary of how...
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Shake Shack's 'Beefy' Quarter Not Enough For These Analysts To Turn Bullish
Friday, May 3, 2019 - 11:47am | 443Shake Shack Inc (NYSE: SHAK) reported in-line earnings in the first quarter, but revenue and same-store sales came in better than expected. Despite what appears to be a strong quarter, at least two analysts continue to shy away from holding a bullish stance on the stock. Morgan Stanley: 'Beefy...
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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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The Street Reacts To Chipotle's Q1 Receipt
Thursday, April 25, 2019 - 3:16pm | 660Chipotle Mexican Grill, Inc. (NYSE: CMG) reported first-quarter results Wednesday highlighted by a top- and bottom-line beat and 9.9-percent growth in comparable sales. The Analysts Wedbush's Nick Setyan maintained a Neutral rating on Chipotle Mexican Grill with a price...
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Wedbush No Longer Bearish On Chipotle, Highlights No Negative Catalysts
Friday, March 22, 2019 - 12:02pm | 349The bearish case for casual fast food chain Chipotle Mexican Grill, Inc. (NYSE: CMG) can no longer be justified given a lack of any clear near-term and medium-term negative catalysts, according to Wedbush. The Analyst Wedbush's Nick Setyan upgraded Chipotle from Underperform to Neutral with a...
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Wedbush Remains A Del Taco Bull After Q4 Print
Tuesday, March 19, 2019 - 1:39pm | 295Del Taco Restaurants Inc (NASDAQ: TACO) reported fourth-quarter results that fell short of expectations and management's 2019 guidance disappointed investors. The Analyst Wedbush's Nick Setyan maintains an Outperform rating on Del Taco with a price target lowered from $15 to $14. The Thesis...
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3 Texas Roadhouse Analysts Agree: Wait For A Better Entry Point In Stock
Wednesday, February 20, 2019 - 12:27pm | 709Steakhouse chain Texas Roadhouse Inc (NASDAQ: TXRH) reported fourth-quarter results Tuesday that were "somewhat mixed" despite a top-and-bottom-line beat, according to Stephens. The Analysts Stephens' Will Slabaugh maintains an Equal-weight rating on Texas Roadhouse stock...
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Starbucks Analysts Have Lukewarm Reaction To China, Delivery Plans
Friday, December 14, 2018 - 4:13pm | 984Starbucks (NASDAQ: SBUX) shares were a bit less robust than a venti dark roast Friday after the company revised its growth expectations downward — and some analysts came away from the company’s investor day meeting a bit lukewarm on the stock. Shares were down Friday despite announcements for...
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The Street's Reaction To Shake Shack's Q3
Friday, November 2, 2018 - 1:01pm | 634Shake Shack Inc (NYSE: SHAK) reported Thursday third-quarter results highlighted by a top-and-bottom-line beat, but a notable miss on the same-store sales line. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Barclays' Jeffrey Bernstein...
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Perfectly Cooked: Wedbush Turns Neutral On Wingstop After 40% Stock Run
Monday, October 22, 2018 - 2:30pm | 468The bullish case for chicken wing restaurant chain Wingstop Inc (NASDAQ: WING) is based on expectations for outperformance across multiple metrics, but is overshadowed by the stock's lofty valuation, according to Wedbush. The Analyst Wedbush's Nick Setyan downgraded Wingstop from...
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Texas Roadhouse's Valuation, In-Line Growth Prospects Prompt Wedbush Downgrade
Monday, September 10, 2018 - 8:29am | 420Restaurant chain Texas Roadhouse Inc (NASDAQ: TXRH) has seen its stock rise nearly 20 percent since the end of July, and the higher valuation implies there's little room for error moving forward, according to Wedbush. The Analyst Wedbush's Nick Setyan downgraded Texas Roadhouse ...
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Wedbush Turns Bearish On Chipotle, Says Risks Are Underappreciated
Monday, August 27, 2018 - 9:52am | 443Chipotle Mexican Grill, Inc. (NYSE: CMG) CEO Brian Niccol has made his turnaround plan clear to the investment community, but Wedbush isn't optimistic on the outlook due to what it said are underappreciated risks. The Analyst Wedbush's Nick Setyan downgraded Chipotle Mexican Grill from...
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Wedbush Turns Bullish On Habit Restaurants Ahead Of Q2 Report
Monday, July 30, 2018 - 1:37pm | 400The bullish case for Habit Restaurants Inc (NASDAQ: HABT), the fast casual restaurant concept known or its fresh and made-to-order burgers and sandwiches, can now be made ahead of Wednesday's earnings report, according to Wedbush. The Analyst Wedbush's Nick Setyan upgraded The Habit...
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4 Reasons Why Wedbush Upgraded Wingstop
Thursday, June 7, 2018 - 11:10am | 385Chicken wing restaurant chain Wingstop Inc (NASDAQ: WING) boats multiple catalysts that are "underappreciated" by investors and not factored into the stock's valuation, according to Wedbush. The Analyst Wedbush's Nick Setyan upgraded Wingstop from Neutral to Outperform with...