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Chipotle Has Added 2016 Earnings Risk, Wunderlich Warns
Monday, July 20, 2015 - 4:28pm | 276Chipotle Mexican Grill, Inc. (NYSE: CMG) is scheduled to announce its second quarter results after the market closes on Tuesday. Ahead of the report, Wunderlich analyst Robert M. Derrington refined his estimates: Trimming his second quarter EPS estimate to $4.50 from $4.64 (versus...
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Fast Casual Pizza? Introducing Rave Restaurant Group
Thursday, June 18, 2015 - 8:46am | 261In a report published Thursday, Wunderlich analyst Robert M. Derrington initiated coverage of Rave Restaurant Group Inc (NASDAQ: RAVE) with a Buy rating and $18 price target. The company was renamed from Pizza Inn Holdings to RAVE Restaurant Group in January 2015 "to reflect its expanding prospects...
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Restaurants Face Comps Headwind In FY15, According To Wunderlich
Monday, April 20, 2015 - 1:22pm | 404Casual restaurants will hit increasing headwinds in posting year-over-year growth as the current economic recovery grows older, an analyst said Monday ahead of a raft of earnings reports. Same-store sales growth slowed in the industry on average to 0.8 percent in March, from more than 6 percent...
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Wunderlich Securities Reiterates Buy, Raises PT On Jack in the Box As New Foods Add To Ops Momentum
Thursday, March 12, 2015 - 9:44am | 185In a report published Thursday, Wunderlich Securities analyst Robert M. Derrington reiterated a Buy rating on Jack in the Box Inc. (NASDAQ: JACK), and raised the price target from $100.00 to $110.00. In the report, Wunderlich Securities noted, "Jack in the Box (JACK) continues to raise the bar vs....
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Analysts See Cost Headwinds For Texas Roadhouse
Tuesday, February 24, 2015 - 4:13pm | 219Texas Roadhouse Inc (NASDAQ: TXRH) will see continued top-line growth with earnings held down by cost headwinds, a couple of analysts said Tuesday. The restaurant chain recently met fourth-quarter earnings expectations and said same-store sales in the first period to date are up 12 percent...
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Wunderlich Securities Reiterates Hold, Raises Price Target On BJ's Restaurants On Strong Q4 Results
Monday, February 23, 2015 - 9:01am | 169In a report published Monday, Wunderlich Securities analyst Robert M. Derrington reiterated a Hold rating on BJ's Restaurants, Inc. (NASDAQ: BJRI), and raised the price target from $50.00 to $60.00. In the report, Wunderlich Securities noted, "BJ's Restaurants (BJRI) recently reported much better...
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Wunderlich Securities Sees Strong Start To FY15 For Jack In The Box
Wednesday, February 18, 2015 - 8:59am | 152In a report published Wednesday, Wunderlich Securities analyst Robert M. Derrington reiterated a Buy rating and $100.00 price target on Jack in the Box Inc. (NASDAQ: JACK). In the report, Wunderlich Securities noted, "Last night, Jack in the Box (JACK) posted much better than expected fiscal 1Q15 (...
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Chipotle Mexican Grill Q4 Earnings Preview
Tuesday, February 3, 2015 - 4:18pm | 223Chipotle Mexican Grill, Inc. (NYSE: CMG) will report fourth-quarter earnings after the market close on Tuesday. The Street expects revenue of $1.07 billion and EPS of $3.79. JP Morgan analyst John Ivankoe expected Q4 EPS to come in at $3.66, below the current consensus. The firm maintained an...
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Wunderlich Adjusts Targets On Restaurants
Tuesday, January 20, 2015 - 12:44pm | 476Wunderlich commented on restaurants Tuesday and noted that shares of “most restaurant companies closed out 2014 on a strong note, and following a very good year in 2013. The improving U.S. economy, jobs growth, and consumer confidence, buoyed by the late 2014 tailwind of declining energy...
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Wunderlich Downgrades Brinker International On Valuation
Tuesday, January 20, 2015 - 10:12am | 191Wunderlich downgraded Brinker International, Inc. (NYSE: EAT) Tuesday from from Buy to Hold due to valuation but raised its price target from $59 to $65. Overall, the firm revisited ratings and targets within its coverage universe as many names have come within close proximity of the firm...
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Wunderlich Names Its 3 Favorite Restaurants
Thursday, January 15, 2015 - 1:03pm | 336Jack in the Box Inc. (NASDAQ: JACK), Sonic Corporation (NASDAQ: SONC) and Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) were named as Wunderlich’s favorite restaurant stocks in a report issued Thursday. Analyst Robert M. Derrington commented on the stocks after attending the ICR...
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Wunderlich Securities Lowers FY15 SSS Guidance On Ruby Tuesday
Friday, January 9, 2015 - 11:08am | 147In a report published Friday, Wunderlich Securities analyst Robert M. Derrington reiterated a Hold rating and $8.00 price target on Ruby Tuesday, Inc. (NYSE: RT). In the report, Wunderlich Securities noted, “Yesterday afternoon, Ruby Tuesday reported Q2FY15 (Nov.) EPS from ops. ex-items of -$0.15...
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UPDATE: Wunderlich Securities Raises PT On Sonic Following Great Q1F15 SSS/EPS
Wednesday, January 7, 2015 - 10:14am | 165In a report published Wednesday, Wunderlich Securities analyst Robert M. Derrington reiterated a Buy rating on Sonic Corporation (NASDAQ: SONC), and raised the price target from $28.00 to $33.00. In the report, Wunderlich Securities noted, “Last night after market close, Sonic Corp. (SONC) reported...
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Darden Restaurants Puts Priority On Real Estate
Wednesday, December 17, 2014 - 2:17pm | 422Darden 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...
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UPDATE: Wunderlich Securities Reiterates On BJ's Restaurants On Position For Further Gains
Wednesday, December 10, 2014 - 8:30am | 172In a report published Wednesday, Wunderlich Securities analyst Robert M. Derrington reiterated a Buy rating on BJ's Restaurants (NASDAQ: BJRI), and raised the price target from $42.00 to $56.00. In the report, Wunderlich Securities noted, “We reiterate our Buy rating on BJs Restaurants (BJRI) and...