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Test Queso, Get Upgrade: Analyst Turns Bullish On Chipotle
Tuesday, July 18, 2017 - 9:13am | 429Read More...All Chipotle Mexican Grill, Inc. (NYSE: CMG) needed to do was test queso to push Maxim analyst Stephen Anderson to upgrade his rating to Buy and raise his price target from $440 to $470. "We contend the introduction of queso - a Mexican cheese dip - which now is in test, will be an important...
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Why Buffalo Wild Wings Doesn't Need Marcato Capital To Succeed
Friday, May 19, 2017 - 12:52pm | 409Read More...Following a recent pullback in stock price, Maxim Group upgraded Buffalo Wild Wings (NASDAQ: BWLD) from Hold to Buy, raising their price target to $180. The firm estimates earnings of just over $2 million and non-GAAP EPS of $5.71 for fiscal 2017. Marcato's 'Unneeded' Stake Raise Activist investor...
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Panera Could Gain From Cosi Bankruptcy
Thursday, September 29, 2016 - 11:35am | 345Read More...Maxim’s Stephen Anderson expects Panera Bread Co (NASDAQ: PNRA) to be the main beneficiary of the potential closures following the bankruptcy filing of Cosi Inc (NASDAQ: COSI). Anderson maintained a Buy rating on Panera Bread, while raising the price target from $230 to $250....
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Red Robin Doing Better Than Burger Peers, Maxim Says
Thursday, April 21, 2016 - 11:20am | 324Read More...Maxim’s Stephen Anderson believes there is a lack of any significant near-term catalyst for Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), given that 2016 is likely to be an investment year for the company. The analyst maintained a Buy rating on Red Robin, while lowering the price target...
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Why Maxim Is Downgrading Domino's: Shares Pricing In Market Share Gains, Comp Growth
Tuesday, April 12, 2016 - 9:35am | 283Read More...Domino's Pizza, Inc. (NYSE: DPZ) shares have surged 23 percent year-to-date. Maxim’s Stephen Anderson downgraded the rating for the company from Buy to Hold, citing valuation. The analyst maintained the price target at $138. Beating Competition Domino's is estimated to have...
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Street Mixed On Chipotle's Poor Sales, Encouraging Comps
Wednesday, March 16, 2016 - 3:42pm | 499Read More...Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) plunged as much as 8 percent after the company reported lower-than-expected comps for February and warned of a first-quarter loss. The company warned of a loss in the first quarter, while analysts were expecting earnings of $0.08 a share for...
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Maxim Says 'Not So Fast' On Chipotle, Downgrades To Sell
Wednesday, March 16, 2016 - 8:23am | 314Read More...Maxim’s Stephen Anderson downgraded the rating on Chipotle Mexican Grill, Inc. (NYSE: CMG) from Hold to Sell, while lowering the price target from $450 to $350. Sales Decline The company reported a decline in same-restaurant sales of 26.1 percent in February, along with a 24.4 percent...
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Cracker Barrel Shares Fall After Earnings; Here's What A Couple Of Analysts Think Now
Wednesday, February 24, 2016 - 4:12pm | 380Read More...Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) fell as much as 3 percent Wednesday after SunTrust downgraded the stock to Neutral from Buy on lower same-store sales forecast and declining market share gains. Cracker Barrel lowered its implied fiscal 2016 same-store sales...
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The Winner From Starbucks' New Loyalty Program Is...Dunkin?
Tuesday, February 23, 2016 - 1:43pm | 500Read More...Dunkin Brands Group Inc (NASDAQ: DNKN)'s comps should benefit from Starbucks Corporation (NASDAQ: SBUX)'s recently announced changes in its loyalty program, according to Maxim Group. Coffee giant Starbucks changed its My Starbucks Rewards program to a dollar-based program from...
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Panera The Ultimate Winner From Chipotle's E. Coli Disaster?
Monday, November 23, 2015 - 10:17am | 368Read More...Panera Bread Co (NASDAQ: PNRA) shares are down 7 percent year-to-date, even after hitting a high of $197.86 on October 7. Maxim Group’s Stephen Anderson upgraded the rating on the company from Hold to Buy, while raising the price target from $208 to $210. Panera is expected to gain...
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Maxim Maintains Hold Rating On Chipotle Ahead Of Q3 Results
Monday, October 19, 2015 - 1:18pm | 318Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) shares have been volatile in 2015 and are up 4 percent year-to-date. Maxim Group’s Stephen Anderson maintained a Hold rating on the company, with a price target of $810. Chipotle is poised to benefit from the return of pork in the form of lower food...
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Maxim Lifts Buffalo Wild Wings To Buy, Maintains $217 Target
Monday, October 19, 2015 - 11:06am | 296Read More...Buffalo Wild Wings (NASDAQ: BWLD) shares have risen steadily since July 24, when they touched a low of $168, and are up 11 percent in the last three months. Maxim Group’s Stephen Anderson upgraded the company from Hold to Buy, while maintaining a price target of $217. Reduced...
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Why Darden's Turnaround Story Is Now 'More Compelling'
Monday, October 19, 2015 - 10:53am | 331Read More...Darden Restaurants, Inc. (NYSE: DRI) shares are down 10 percent since July 20, after having hit a high of $74.91 on August 5. Maxim Group’s Stephen Anderson upgraded the rating on the company from Hold to Buy, while maintaining the price target at $80. Anderson believes that...
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While Chipotle's Business Model Is 'Hard To Duplicate,' Experts Are Mixed On The Stock
Monday, July 20, 2015 - 2:42pm | 766Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) is scheduled to report its second quarter results after Tuesday's market close. Estimize, the crowd-sourced earnings and economic rating platform is expecting the company (based on 73 estimates) to earn $4.47 per share on revenue of $1.224 billion. This...
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What's Next For Chipotle?
Monday, July 6, 2015 - 4:26pm | 486Read More...Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) fell about 0.4 percent ($2.39) on Monday. Barron's said on Friday that the company is “losing its spice.” According to analyst Jack Willoughby, the stock could tumble another 15 percent to 20 percent (it's down more than 17...
