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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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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...
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Texas Roadhouse Is A Long-Term Market Share Winner, But Remains Susceptible To Industry Headwinds
Tuesday, August 23, 2016 - 11:38am | 324Canaccord Genuity analysts Lynne Collier and Philip May believe that Texas Roadhouse Inc (NASDAQ: TXRH) could be a market share winner in the long term. However, the company is vulnerable to broader industry headwinds. The brokerage said the company enjoys a good brand value by offering superior...
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Competition In The Burger Category Might Keep Red Robin From Taking Flight
Tuesday, August 23, 2016 - 11:06am | 304Canaccord Genuity initiated its coverage on Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) with a Hold rating. The brokerage has a price tag of $53 on the company's shares. The analysts, Lynne Collier and Philip May, believe the upcoming months will show little change, citing competition in the...
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Icing On The Cake: Cheesecake Factory Is A 'Best-In-Class' Operator, Says Canaccord
Tuesday, August 23, 2016 - 9:51am | 334Canaccord Genuity initiated coverage on Cheesecake Factory Inc (NASDAQ: CAKE) with a Hold rating citing balanced risk and reward. However, analysts Lynne Collier and Philip May termed the restaurant a "Best-in-Class" operator. The brokerage, which has a price target of $54 on the company's shares,...