| SBUX: Starbucks Corp - U.S. Recovery Accelerates in Sept., But Final Recovery Stage Tough; Remain Hold w/ SBUX at Big Valuation & COVID Uncertainty Up
|
SBUX |
Farmer, Jeff |
2020-10-30 |
6 |
| CAKE: Cheesecake Factory - Upgrading to Buy: SSS Recovery Was Slow to Emerge, But It’s Here Now, Has Legs & Comes w/ Improved Profit Flow Through
|
CAKE |
Farmer, Jeff |
2020-10-30 |
6 |
| YUM: Yum! Brands - Strong 3Q SSS, but Recovery Momentum Poised to Slow; at 17x ’22 EBITDA, YUM Fully Valued w/ Unit Opening Estimates Still Falling
|
YUM |
Farmer, Jeff |
2020-10-29 |
5 |
| DNKN: Dunkin' Brands - SSS Recovery Progress Continues to Impress, But of Only Modest Consequence Given Our View that Inspire Deal Comes to Fruition
|
DNKN |
Farmer, Jeff |
2020-10-29 |
6 |
| TXRH: Texas Roadhouse - Impressive Qtr All Around; We’re Comfortable on Sidelines w/ TXRH Bouncing off Peak Valuation & SSS Levers Already Pulled
|
TXRH |
Farmer, Jeff |
2020-10-28 |
5 |
| EAT: Brinker International - Street #s Will Move Higher Across Board (SSS, EPS, EBITDA) & Chili’s SSS Recovery Solid; Maggiano’s the Lone SSS Guidance Drag
|
EAT |
Farmer, Jeff |
2020-10-28 |
6 |
| EAT: Brinker International - Healthy F1Q Upside Delivered Across the Board; October SSS and It’s Just Wings Sales Contribution Will Be THE Call Focus Topics
|
EAT |
Farmer, Jeff |
2020-10-28 |
5 |
| WING: Wingstop - With 3Q SSS Already Reported -- October SSS (Looking for +20%) & Potential Return of Cash (Special Dividend) Are in Focus
|
WING |
Farmer, Jeff |
2020-10-27 |
6 |
| BLMN: Bloomin Brands, Inc. - Casual Dining Recovery Still a Work in Progress: CAKE, DRI, CBRL & TXRH Facing Headwinds that BLMN/BJRI Have Shined Light Upon
|
BLMN |
Farmer, Jeff |
2020-10-23 |
6 |
| TXRH: Texas Roadhouse - 3Q SSS/EPS Upside on the Way w/ Foot Traffic Data Pointing to LSD SSS Decline in October; Momentum Reflected in Peak Valuation
|
TXRH |
Farmer, Jeff |
2020-10-23 |
5 |
| BJRI: BJ's Restaurants - BJRI Says Current Sales Volumes Likely as Good as it Gets in COVID Backdrop; Even if Conservative, Street SSS Estimates Will Fall
|
BJRI |
Farmer, Jeff |
2020-10-22 |
5 |
| SBUX: Starbucks Corp - Looking for SSS & EPS Upside; View Risk>Reward w/ Shares Flat YTD & Guidance for Full U.S. SSS Recovery in Early ‘21 No Layup
|
SBUX |
Farmer, Jeff |
2020-10-22 |
8 |
| CMG: Chipotle - 3Q SSS & EPS Upside, But October SSS Moderation & Below-Street RL Margin Guidance Don’t Sit Well for Stock at 33x '21 EBITDA
|
CMG |
Farmer, Jeff |
2020-10-21 |
5 |
| EAT: Brinker International - Expect Continued Chili’s SSS Recovery Momentum into October and for EAT to Highlight Increasing Virtual Restaurant Traction
|
EAT |
Farmer, Jeff |
2020-10-21 |
6 |
| BLMN: Bloomin Brands, Inc. - Expect SSS Upside w/ Traffic Data Pointing to Wk/Wk Improvement Across 3Q; Shares - at Pre-COVID Valuation - Reflect SSS Recovery
|
BLMN |
Farmer, Jeff |
2020-10-20 |
6 |
| Biden Pointing to $15 Min Wage: What Is Impact on Restaurants? - Based on Business Model/State Exposure – Most Impacted: CHUY, CBRL, BLMN, TXRH - Least Impacted: DNKN, QSR, YUM, DPZ
|
|
Farmer, Jeff |
2020-10-19 |
8 |
| CMG: Chipotle - Looking for Modest 3Q SSS & EPS Upside w/ Benefit of August Delivery Menu Price Increase; At 33x ’21 EBITDA - Risk>Reward
|
CMG |
Farmer, Jeff |
2020-10-15 |
7 |
| Increased Capacity in FL/TX Has Proven to be Little to No Tailwind - 100% & 75% Capacity in FL & TX Offer Little Salvation Based on Both Casual Dining Chain Traffic Data & Sector High Frequency Data
|
|
Farmer, Jeff |
2020-10-14 |
8 |
| CBRL: Cracker Barrel - Highlights from the GHRA-sponsored Virtual NDR with Cracker Barrel Management
|
CBRL |
Farmer, Jeff |
2020-10-09 |
7 |
| DPZ: Domino's Pizza Inc - Street EPS & EBITDA Estimates Will Fall on Greater-than-Expected COVID Costs, but 7% Sell Off on Print Overly Punitive
|
DPZ |
Farmer, Jeff |
2020-10-08 |
6 |