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Burger King, Wendy's Seek Bigger Slices Of The Indian Fast-Food Pie: Report
Monday, December 7, 2020 - 1:29am | 543Read More...In India, burger wars are heating up as the nation’s appetite for American-style fast-food is growing, the Financial Times reports. U.S. burger giants Burger King — a subsidiary of Restaurant Brands International Inc (NYSE: QSR) — and Wendys Co (...
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Restaurant Stocks Fall On Heightened Global COVID-19 Concerns
Monday, September 21, 2020 - 4:35pm | 684Read More...Global fears over an increase in COVID-19 cases was one of the contributing factors of markets trading down Monday. The S&P 500 fell 1.2% to $3,281, its fourth straight day of declines. A rising number of COVID-19 cases has been seen in regions like Spain, France and the United Kingdom. Denmark...
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Casual Dining Stocks Struggle To Cook Up More Foot Traffic
Monday, September 24, 2018 - 2:04pm | 475Read More...The fourth quarter is shaping up to be a difficult one for casual dining stocks, and one Wall Street analyst issued a wave of downgrades Monday in response to the latest industry data. The Analyst BMO Capital Markets analyst Andrew Strelzik made the following rating and target changes: Bloomin...
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Applebee's Parent Dine Brands Downgraded By Raymond James After 30% Rally
Monday, September 10, 2018 - 12:48pm | 513Read More...Shares of Applebee’s and IHOP parent Dine Brands Global, Inc. (NYSE: DIN) have surged roughly 30 percent in the past month, leading Raymond James to adjust its stance on the stock. The Analyst Raymond James analyst Brian Vaccaro downgraded Dine Brands from Strong Buy to Outperform...
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Stifel's Deep Dive Into The Restaurant Sector
Sunday, April 22, 2018 - 3:24pm | 415Read More...Earnings season is kicking off and restaurant stocks are on deck to report. Heading into the sector's prints, Stifel offered a cheat sheet for what investors should expect. The Analyst Stifel's Chris O'Cull. The Thesis O'Cull felt it prudent to survey consumer-focused investors...
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Darden Continues To Cook Up Solid Results, But A Better Entry Point For The Stock Is Needed
Tuesday, September 26, 2017 - 7:37am | 276Read More...Shares of Darden Restaurants, Inc. (NYSE: DRI) were trading lower by around 4 percent early Tuesday morning after the company reported its fiscal first-quarter earnings report. The restaurant operator reported that it earned 99 cents per share in the quarter, which was in-line with the $1.00 per...
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11 Restaurants With The Most Exposure To The Houston Market
Wednesday, August 30, 2017 - 3:51pm | 742Read More...The shock waves from Hurricane Harvey — which has caused a diaspora of great magnitude and the deaths of at least 30 people — are continuing to reverberate in the market. Oil refineries have halted operations, prompting surges in national gas prices. Vehicles are underwater and...
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Redemption Remains Just Out Of Chipotle's Grasp
Tuesday, August 22, 2017 - 9:00am | 564Read More...Investing in Chipotle Mexican Grill, Inc. (NYSE: CMG)'s stock in the hopes of a recovery in sales is "risky, especially if expectations are optimistic," analysts at Deutsche Bank commented in a research report. The firm's Brett Levy maintains a Sell rating on Chipotle's stock...
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Chipotle's Reputation Risk Has Grown Too High To Support Valuation, Wells Fargo Downgrades
Wednesday, July 19, 2017 - 7:53am | 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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Bite Into Darden Restaurants' Q4 Earnings
Tuesday, June 27, 2017 - 8:43am | 323Read More...Shares of Darden Restaurants, Inc. (NYSE: DRI) were trading higher by more than 3 percent early Tuesday morning after the company reported its fiscal fourth-quarter results and issued guidance for the coming year. Darden Restaurants, the parent company of Olive Garden and other restaurant chains,...
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Expect McDonald's Focus On Value To Deliver Upside In The Year To Come
Tuesday, June 20, 2017 - 10:50am | 394Read More...Shares of McDonald's Corporation (NYSE: MCD) are up more than 25 percent since the start of 2017 and even hit a new all-time high of $155.28 on Tuesday. As such, many investors are wondering if now is a time to cash in on profits or if the popular fast food restaurant chain's stock has further...
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McDonald's Is In A 'Sweet Spot' To Hit 2019 Targets; BMO Initiates At Outperform
Friday, April 21, 2017 - 1:13pm | 403Read More...BMO Capital Markets' Andrew Strelzik initiated coverage of restaurant giant McDonald's Corporation (NYSE: MCD) with an Outperform rating and $153 price target for three main reasons. 1. Early Stages Of A Turnaround Strelzik expects McDonald's to achieve its 2019 objectives, as the company is still...
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Domino's Is Doing 'Something That We've Never Done Before'
Monday, April 10, 2017 - 10:25am | 375Read More...Domino's Pizza, Inc. (NYSE: DPZ) is holding its first ever appreciation event for loyalty members. Domino's loyalty program offers members 10 points for every online order of $10 or more. After 60 points, members are entitled to a free medium two-topping pizza. The program was launched in 2015, and...
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The 5 Biggest Restaurant M&As
Wednesday, April 5, 2017 - 12:44pm | 546Read More...After much speculation on Monday, JAB Holdings and Panera Bread Co (NASDAQ: PNRA) agreed to merge in a $7.5 billion deal in which Panera's shareholders will receive $315 per share in cash. Here is how the deal stacks up against other notable restaurant M&As. Panera-JAB: The Second...
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McDonald's Mobile Ordering Is Now A Reality
Wednesday, March 15, 2017 - 2:57pm | 393Read More...For the first time ever, McDonald's Corporation (NYSE: MCD) customers can place an order and pay for a Big Mac or any other meal through their mobile device. According to a CNBC report, McDonald's will begin testing a mobile order and payment app in 80 stores across Northern California and...
