| CMG: Chipotle - Looking for Modest 4Q SSS Miss, but EPS Upside Driven by Delivery Menu Price Increases; At Almost 30x 2022 EBITDA, Risk>Reward
|
CMG |
Farmer, Jeff |
2021-01-26 |
9 |
| Casual Dining Segment Read Throughs from BJRI Pre-Release - Indoor Dining Suspension Headwinds Peaked in Late December, Jan. SSS Declines Moderating as States Slowly Allow Reopening
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|
Farmer, Jeff |
2021-01-22 |
6 |
| SBUX: Starbucks Corp - Looking for Modest EPS Upside & for Shares to Shrug Off F2Q US SSS Guidance Intro Miss; Fully Valued at 30x EPS (25% premium)
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SBUX |
Farmer, Jeff |
2021-01-22 |
7 |
| EAT: Brinker International - Looking for Moderating SSS Declines in Jan w/ End of Indoor Dining Suspension in Several States; $15 Min Wage Will Be a Call Focus
|
EAT |
Farmer, Jeff |
2021-01-21 |
6 |
| MCD: McDonald's - Expect 4Q20/Jan. SSS Shortfall w/ Restrictions Up Globally; Reward > Risk w/ Market Appreciating Headwinds + G&A/Capex Reset
|
MCD |
Farmer, Jeff |
2021-01-20 |
9 |
| A Look Back at Early Days of the Pandemic for Restaurant Sector - Everything You Need to Know as Sector Begins to Lap Pandemic Onset: State/Company Response, Reopening, Relative SSS & More
|
|
Farmer, Jeff |
2021-01-15 |
17 |
| DPZ: Domino's Pizza Inc - Select ‘21 Guidance Introduced; Small Downward EPS Revisions Likely Follow – SSS Decline Prospects Cap NT Price Appreciation
|
DPZ |
Farmer, Jeff |
2021-01-12 |
5 |
| PLAY/RRGB Business Updates: #’s Ugly, But Largely Expected - PLAY’s -75% SSS in Nov./Dec. & RRGB’s -40% in Dec. Underscore Headwinds Seen Exiting 2020; Weakness Widely Appreciated
|
|
Farmer, Jeff |
2021-01-11 |
7 |
| Minimum Wage Update w/ Democrats Taking Senate Control - Based on Business Model & Geographic Exposure – CHUY, CBRL, BLMN, TXRH, EAT & PLAY Most Impacted by Potential Wage Hike
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|
Farmer, Jeff |
2021-01-07 |
5 |
| Reducing 4Q20/1Q21 Casual Dining SSS, EBITDA & EPS Estimates - High Frequency Data Shows Softening Trends Through 3rd Week of December, Brief Holiday Reprieve & Weak Trends in Early January
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|
Farmer, Jeff |
2021-01-06 |
15 |
| Casual Dining’s Pursuit of a Leaner Post-COVID Cost Structure - DRI Most Aggressive w/ LT Cost Control, Street Not Convinced with BLMN/CAKE Guidance & TXRH Rightfully Sees No Need for Cuts
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Farmer, Jeff |
2020-12-22 |
6 |
| DRI: Darden Restaurants - SSS Trends Ugly as Expected; Shares Pricey w/ DRI Pursuing Sizeable LT Cost Controls, We Are Buyers on Any Weakness in Coming Wks
|
DRI |
Farmer, Jeff |
2020-12-18 |
8 |
| DRI: Darden Restaurants - Street Was Braced for Sizeable F3Q QTD SSS and EPS Guidance Shortfall, But Not One Quite This Big
|
DRI |
Farmer, Jeff |
2020-12-18 |
5 |
| CBRL: Cracker Barrel - Model Update
|
CBRL |
Farmer, Jeff |
2020-12-17 |
4 |
| EAT: Brinker International - EAT SSS Miss the First of Many for Casual Dining Segment as the Market Appears to Appreciate; Note from Mgmt. Follow Up Call
|
EAT |
Farmer, Jeff |
2020-12-16 |
7 |
| Indoor Dining Suspension Impact on Sales/Traffic Through 12/12 - Visualizing the Impact of Mounting Mitigation Efforts on Casual Dining Trends in Key States & on a National Basis
|
|
Farmer, Jeff |
2020-12-15 |
7 |
| PLAY: Dave & Buster's - Market Can See Light at End of Tunnel, but w/ SSS & EBITDA #s Continuing to Fall & Debt Up, The Recovery Looks to Roll into ‘23
|
PLAY |
Farmer, Jeff |
2020-12-10 |
5 |
| SBUX: Starbucks Corp - Investor Day Headlines Impress: Increase in LT EPS Guidance & Prospect of Refranchising in 2023; But Shares Rich at 30x ’22 EPS
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SBUX |
Mollins, Robert |
2020-12-09 |
6 |
| DRI: Darden Restaurants - In Backdrop of Aggressive Cost Control, We See Street EBITDA #s Moving Up Even w/ SSS Miss; Buyers of Any Weakness on Print
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DRI |
Farmer, Jeff |
2020-12-08 |
8 |
| PLAY: Dave & Buster's - Expect F3Q & F4Q QTD SSS Shortfalls/Downward EBITDA Revisions to Follow; Shares Set to Shrug off as Outsized Vaccine Beneficiary
|
PLAY |
Farmer, Jeff |
2020-12-07 |
7 |