Tue, Apr. 19, 10:07 AM
- Restaurant stocks are skittish in early trading after Brinker International (EAT -6.5%) disappoints with traffic under pressure at Chili's.
- Decliners include DineEquity (DIN -1.9%), Yum Brands (YUM -0.7%), Darden Restaurants (DRI -2.1%). and Bloomin' Brands (BLMN -0.7%).
- Popeyes Louisiana Kitchen (PLKI -2.8%) is down after Cowen initiates coverage with a Marker Perform rating and $59 price target.
- Buffalo Wild Wings (BWLD -3.4%) is under pressure with OTR Global making noise about Q1 and Q2 trends.
- Investors with a positive view on the restaurant sector may be able to pick up The Restaurant ETF (NASDAQ:BITE) at a lower price today.
Tue, Apr. 19, 8:47 AM
- Brinker International (NYSE:EAT) reports system-wide comparable restaurant sales fell 3.1% in FQ3.
- Comp growth by brand: Chili's company-owned: -4.1%; Maggiano's: +0.2%; Chili's franchise: -1.7%.
- Restaurant operating margin as a percentage of sales declined 150 bps to 17.4%.
- Restaurant labor costs increased 9.4% to $262.70M.
- Store count +18 Y/Y to 1,647.
- EAT -5.62% premarket.
Jun. 25, 2015, 11:02 AM
- Restaurant IPO names Bojangles (BOJA +1.7%), Wingstop (WING +2%), Shake Shack (SHAK +4.2%), and Habit Restaurants (HABT +2.1%) are all higher on momentum moves.
- Gains for Brinker International (EAT +2%) and Darden Restaurants (DRI +1.3%) are tied to business strategy decisions - a higher mix of company-owned restaurants for Brinker and a REIT plan for Darden.
- While the names above have all generated plenty of buzz this year, the list of top four stocks in the sector by share price return may surprise.
- YTD leaders: Papa Murphy's (NASDAQ:FRSH) +81.1%, Carrols Restaurant Group (NASDAQ:TAST) +40%, Dave & Buster's Entertainment (NASDAQ:PLAY) +35%, Chuy's Holdings (NASDAQ:CHUY) +32%.
- Previously: Darden Restaurants on the move again (Jun. 24 2015)
- Previously: Brinker International buys 103 Chili's restaurants (Jun. 25 2015)
Feb. 18, 2015, 10:46 AM
- Restaurants stocks are out-performing as a group after Jack in the Box, Qdboa, Tim Hortons, and Burger King all reported comparable-restaurant sales momentum this week.
- The recent round of earnings from the sector has confirmed analyst predictions of a benefit from lower gas prices in the U.S.
- The developments have also made the recent performance by McDonald's ((NYSE:MCD) -0.2%) look even more anemic.
- Previously: Let's talks $2 gas (Nov. 29 2014)
- Previously: Restaurant sales show sharp increase in January (Feb. 11 2015)
- Leading gainers: Jack in the Box (NASDAQ:JACK) +6.0%, BJ's Restaurants (NASDAQ:BJRI) +3.6%, Sonic (NASDAQ:SONC) +2.6%, Texas Roadhouse (NASDAQ:TXRH) +2.2%, Brinker International (NYSE:EAT) +2.1%, Luby's (NYSE:LUB) +2.0%, Wendy's (NASDAQ:WEN) +1.5%, Cheesecake Factory (NASDAQ:CAKE) +1.4%, Nathan's Famous (NASDAQ:NATH) +1.3%, Ark Restaurants (NASDAQ:ARKR) +1.3%.
Jan. 28, 2015, 8:01 AM
- Brinker International (NYSE:EAT) saw strong comps help lift its profit by 20% Y/Y in FQ2.
- Comparable restaurant sales were up 4.0% at Chili's (company-owned) on a 2.1% increase in traffic and higher prices.
- Comps rose 2.1% at the Maggiano's chain with both traffic and pricing improved.
- Restaurant operating margin +60 bps to 16.4% during the quarter.
- Previously: Brinker beats by $0.02, beats on revenue
- EAT +0.2% premarket.
Jan. 8, 2015, 11:26 AM
- Citi takes a bullish view on select names in the restaurant sector.
- Wendy's (WEN +1%) is initiated at Buy with a $11 price target. Analyst Gregory Badishkanian sees some of the company's initiatives helping to draw in millennials.
- Coverage on Chipotle (CMG +3.5%) is assumed again at a Buy with a $809 PT. Shares of CMG are at an all-time high after taking out $700 earlier this week.
- The investment firm is also backing Restaurant Brands (QSR +2.7%) and Brinker International (EAT +1.1%) for gains with resumed Buy ratings.
Oct. 21, 2014, 1:35 PM
- Brinker International (EAT -5.6%) trades lower despite showing a year-over-year boost in profit and a 2.4% system-wide comp gain in FQ1.
- Concerns on food commodity inflation and sluggish restaurant traffic trends are tipping sentiment.
- Shares of EAT are below $50 for the first time in over a month.
Jul. 23, 2014, 10:59 AM
- Brinker (EAT -1.6%) is downgraded to Sector Perform from Outperform with a $49 price target, down from $56, at RBC Capital, which says lackluster industry trends force its less optimistic view on casual dining and a more neutral stance on shares.
- While sales drivers including Fresh-Mex, increased advertising weight, Chili's delivery and Ziosk should enable EAT to hold its sales growth gap to the industry, the firm has little confidence these initiatives will drive outsized traffic growth in the current low growth environment.
Jul. 14, 2014, 9:15 AM
Jul. 11, 2014, 7:28 AM| Jul. 11, 2014, 7:28 AM
Jan. 22, 2014, 9:09 AM
Jan. 22, 2014, 8:24 AM
- Brinker International (EAT) reports comparable restaurant sales rose 0.8% during its FQ2 with both Chili's and Maggiano's staying on a positive growth track in the U.S. unlike some restaurant chain peers.
- The results were solid considering the major hit to traffic that was seen in December due in part to wintry weather.
- The company managed to add to its sales results through price increases and a shift in product mix toward some new menu items
- Favorable commodity pricing during the period helped pad Brinker's bottom line during the period.
- EAT +7.0% premarket
Oct. 2, 2013, 10:25 AM
- The restaurant sector is proving to be more sensitive than most to the developments with the government shutdown and the potential impact to the U.S. economy.
- Analysts already saw restaurant traffic under pressure during Q4, but an extended government shutdown could take estimates even lower.
- Leading decliners: Brinker International (EAT) -2.4%, McDonald's (MCD) -2.0%, Cracker Barrel (CBRL) -1.9%, Yum Brands (YUM) -1.7%, Bob Evans Farms (BOBE) -1.6%.
- Related ETFs: PBJ, XLY.
Apr. 3, 2013, 9:52 AM
Raymond James is doing wonders for the restaurant sector with a number of upgrades that are helping light a fire under shares. Lower commodity prices and indications of a bounce in QSR spending look good enough to the firm for it to take its foot off the brakes. Upgrades: Buffalo Wild Wings (BWLD +3.5%) to Strong Buy from Market Perform; Panera Bread (PNRA +3.9%) to Market Perform; Chipotle (CMG +1.2%) to Market Perform from Underperform; Brinker International (EAT +2.6%) to Outperform from Market Perform.| Apr. 3, 2013, 9:52 AM
Feb. 13, 2013, 1:46 PM
Dec. 4, 2012, 9:09 AM
The restaurant sector is on watch after a profit warning from Darden Restaurants points to weakness, not in Europe or China, but at home in the U.S. While increased promotional activity in the sector is behind part of the slip from Darden, the bigger question is why are sales so weak for big players if consumer confidence is supposedly bouncing back?| Dec. 4, 2012, 9:09 AM | 12 Comments