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Gordon Haskett Isn't Ordering Up Domino's Pizza Stock Right Now
Friday, February 28, 2020 - 3:50pm | 373Read More...Investors may want to reconsider buying Domino's Pizza, Inc.'s (NYSE: DPZ) stock at current levels as shares are trading at its highest valuation in at least four years, according to Gordon Haskett. The Domino's Pizza Analyst Jeff Farmer initiated coverage of Domino's Pizza with a...
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Rhone Bid For Fogo De Chao Is A 'Best And Final Offer,' Says Wells Fargo
Wednesday, February 21, 2018 - 4:27pm | 342Read More...Fogo De Chao Inc (NASDAQ: FOGO) announced Tuesday it accepted a $15.75-per-share take-private bid from Rhone Capital — an offer that's "highly unlikely" to receive third-party competition, according to Wells Fargo. The Rating Analyst Jeff Farmer downgraded Fogo de Chao...
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The Sell-Side Take On B-Dubs Buyout Rumors
Tuesday, November 14, 2017 - 4:56pm | 849Read More...Shares of Buffalo Wild Wings (NASDAQ: BWLD) surged higher by 25 percent Tuesday after The Wall Street Journal reported the restaurant could be acquired by Roark Capital Group, a private equity firm, for more than $2.3 billion, or around $150 per share. Here's how some of Wall Street's top...
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For Chipotle, Concerns That Queso Isn't Connecting With Consumers
Friday, October 13, 2017 - 8:41am | 429Read More...Investors who previously hoped the introduction of Queso to Chipotle Mexican Grill, Inc. (NYSE: CMG)'s menu offering would help improve traffic and boost the stock higher may want to reconsider, according to analysts at Wells Fargo. Analyst Jeff Farmer thinks queso just may not be connecting...
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Dave & Buster's Proves Consumers Remain Picky Purchasers
Wednesday, September 6, 2017 - 10:19am | 424Read More...Shares of Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) lost more than 5 percent Wednesday morning after the company's second-quarter earnings report fell short of expectations. It didn't deter some of Wall Street's analysts to part ways with their bullish stance. Wells...
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Wall Street Isn't Happy With Chipotle's Latest Food Safety Scare
Wednesday, July 19, 2017 - 10:16am | 510Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) investors can’t seem to catch a break lately. The stock fell 4.4 percent on Tuesday on reports that Chipotle was forced to close one of its Virginia restaurants due to an illness outbreak and was down another 2 percent Wednesday morning. Here’s a...
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Chipotle's Reputation Risk Has Grown Too High To Support Valuation, Wells Fargo Downgrades
Wednesday, July 19, 2017 - 8:53am | 392Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG)'s reputation and ongoing initiatives to improve its brand image may take a hit following more reports that several customers reported symptoms of norovirus after eating at their stores. This event is reason enough for Wells Fargo's Jeff Farmer to...
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Dave & Buster's: Catching On With A Younger Audience, Expect Market Share Gains To Continue
Thursday, June 8, 2017 - 11:32am | 401Read More...Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) shares may near all-time high territory after a solid first-quarter beat Thursday. Parsing Through The Quarter Print The entertainment venue's differentiated concept appeals to all ages and continues to drive market share gains and same-...
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Bullish Thesis Takes Flight Again For Wingstop
Friday, May 5, 2017 - 10:59am | 378Read More...Wingstop Inc (NASDAQ: WING)'s first-quarter earnings report impressed Wells Fargo's Jeff Farmer, who noted the company's bullish thesis is "back on track." Wingstop reported earnings per share of $0.22 in the first quarter, which came in six cents better than expected, although system-wide same-...
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Growth Story Intact, Wingstop Nevertheless Feels Pressure Of Industry-Wide Woes
Friday, March 3, 2017 - 4:24pm | 293Read More...Jeff Farmer of Wells Fargo reaffirmed his Outperform rating on Wingstop Inc (NASDAQ: WING), as he believes the company would continue to deliver sizable market share gains, double-digit unit growth and more than 90 percent free cash flow conversion over the long term. Quarterly Print Wingstop...
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Wingstop Trades At A Sizeable Premium - And It Should
Tuesday, February 28, 2017 - 4:31pm | 342Read More...Jeff Farmer of Wells Fargo maintains his Outperform rating on Wingstop Inc (NASDAQ: WING) ahead of its fourth-quarter earnings on March 2. Farmer expects EPS of $0.14, in line with the Street, and 3 percent system same-store sales, below the 3.5 percent Street estimate and equating to 500bps...
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Chipotle's Same-Store Sales Story Keeps Wells Fargo Impressed
Friday, February 3, 2017 - 2:22pm | 335Read More...Jeff Farmer of Wells Fargo maintains a Market-Weight rating on Chipotle Mexican Grill, Inc. (NYSE: CMG) after the casual fast food chain reported encouraging metrics in its fourth-quarter results, which shows that the "wheels of progress are turning." Same-Store Sales Farmer noted that Chipotle's...
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McDonald's Sale Of Its China Market Said To Be Imminent, Beneficial To Margins
Thursday, December 15, 2016 - 12:45pm | 425Read More...The potential sale of McDonald's Corporation (NYSE: MCD)’s China market would likely result in a muted response to shares, according to a note from Wells Fargo analyst Jeff Farmer. However, the potential deal would boost margins significantly. McDonald's To Go The Way Of Yum? A Wall...
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Two-Thirds Of Yum's Business Saw Improvement In Q3, But Weak China Results Weighing On Shares
Thursday, October 6, 2016 - 3:40pm | 344Read More...Wells Fargo remains on the sidelines on Yum! Brands, Inc. (NYSE: YUM) as the company's improved profit forecast for the year was offset by a negative China same-store sales surprise ahead of the spin, leading to 2 percent drop in shares. Yum reported third quarter operating EPS of $1.09, a...
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Yum Brands' Pending China Spinoff Likely To Overshadow Q3 Results
Friday, September 30, 2016 - 10:12am | 307Read More...Yum! Brands, Inc. (NYSE: YUM) is scheduled to report its Q3 results on October 5. The results are likely to be “of secondary import relative to the company’s outlook post the China spin,” Wells Fargo’s Jeff Farmer said in a report. He maintained a Market Weight rating on...
