Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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- The analyst's top pick isDunkin Brands Group Inc (NASDAQ: DNKN) with a $56 price target. The company will see "better days ahead" due to improving macro conditions for low end consumers, higher pricing, mobile pay and loyalty benefits and a westward expansion.
- Chipotle Mexican Grill, Inc. (NYSE: CMG) ($785 price target) offers "the best combination of growth and returns" in the group especially since a pullback in share prices near an all-time low relative to the industry.
- Panera Bread Co (NASDAQ: PNRA) ($190 price target) continues to make significant investments in the customer experience that could create a "powerful earnings recovery" in the future despite being a "disappointing story" in recent quarters.
- Starbucks Corporation (NASDAQ: SBUX) ($97 price target) could see its rising investment spending derail expectations of continued margin and earnings per share upside.
- Bloomin' Brands Inc (NASDAQ: BLMN) ($25 price target) enters 2015 with strong momentum, but an "elevated" valuation and mixed portfolio performance justifies a neutral stance.
- Noodles & Co (NASDAQ: NDLS) ($18 price target) is a company that is "failing to grow/retain customer interest."
- Zoe's Kitchen Inc (NYSE: ZOES) ($35 price target) is a "quality up-and-coming" fast-casual restaurant but "much is being paid by the market before being proven" and investors should wait for a better entry point.
- Del Frisco's Restaurant Group Inch (NASDAQ: DFRG) ($20 price target) is "one of the cheapest" stocks in the restaurant group but shares still have room to fall.
- McDonald's Corporation (NYSE: MCD) ($99 price target) will see its shares range-bound as "dismal fundamental trends" continue which are partly offset by the stability of the company's business model, high dividend yield and a soon to be announced strategic plan.
- Restaurant Brands International Inc (NYSE: QSR) ($41 price target) needs to clarify its Tim Hortons rollout strategy, particularly given its limited international awareness.
- Darden Restaurants, Inc. (NYSE: DRI) ($62 price target) offers some "intriguing" financial engineering and cost-savings opportunities but with a valuation of over 11x EV/EBITDA, the outcome of these strategies may already be priced in.
- Texas Roadhouse Inc (NASDAQ: TXRH) ($35 price target) is well-positioned to benefit from healthy macro trends and lower gas prices, but these dynamics are "largely" priced in at current levels.
- Buffalo Wild Wings (NASDAQ: BWLD) ($175 price target) shares are poised to underperform due to near all-time high valuations and upcoming earnings headwinds this year.
- Yum! Brands, Inc. (NYSE: YUM) ($74 price target) will see a slower pace of recovery in its China business due to weak macro trends and opening too many new store additions.
- Finally, the analyst's bottom pick is Wendys Co (NASDAQ: WEN) with a $9 price target as current valuation overstates future growth potentials.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.