Restaurants Research

Title Tickers Date Pages
Tracking Company Exposure to Growing Global Case Count - U.S. & China Have Dominated Investor Attention, but Europe Case Count Jumping – MCD, PZZA and DPZ Most Exposed 2020-03-30 5
Shelter in Place Jumping, Greater QSR SSS Declines to Follow - State-by-State Restaurant SSS for Week-ended March 21: Suggests Accelerating Shelter-in-Place Mandates Will Turbo Charge Declines 2020-03-27 4
Seeing the Forest Through the Trees in a COVID-19 World - A Closer Look at the Quickly Evolving Off-premise Strategies Being Pursued by the 65 Largest U.S. Restaurant Concepts 2020-03-26 7
DRI: Darden Restaurants - Upgrading to Buy from Hold: 55% Sell Off Overdone in Context of Strong Relative Balance Sheet/Liquidity & SSS Recovery Prospects DRI 2020-03-25 7
TXRH: Texas Roadhouse - Upgrading to Buy from Underperform: Best-in-class SSS Recovery Prospects, Liquidity & Balance Sheet Health Too Hard to Ignore TXRH 2020-03-25 8
Analyzing the Impact of COVID-19 On Third-party Delivery (pt.2) - Mobile App Data has yet to Show Coronavirus-driven Spike in Engagement 2020-03-24 6
Casual Dining Closure Update: 41 State Mandates (90% U.S. Pop) - Statewide Restaurant Closure Mandates Further Accelerate: 90%+ of Casual Dining Restaurants Are Now Off-Premise Only 2020-03-23 4
Social Distancing Restaurant Consumer Survey: Week 2 - Tracking the Restaurant Consumer Response to COVID-19 with Survey of 300+ Households – Week 2 Takeaways 2020-03-23 6
DRI: Darden Restaurants - Market Was Braced for Scary SSS & Got Them: Clarity on Liquidity, Cash Flow & Potential Govt. Assistance for Segment Welcome DRI 2020-03-19 6
DRI: Darden Restaurants - Guidance Pulled, $1B in Cash on Balance Sheet: All Eyes on Closure Detail, Cost Structure for Near Empty Restaurants & Cash Burn DRI 2020-03-19 4
Casual Dining Doors Closing Quickly – What We Know Now - Pace of Statewide Restaurant Closure Mandates Has Hit Tipping Point: De Facto Nationwide Closure Mandate Looking Inevitable 2020-03-18 4
MCD: McDonald's - MCD Closing U.S. Restaurant Interiors: With 75% of Sales Coming Through Drive Thru – Company Well Positioned to Weather Storm MCD 2020-03-17 6
Analyzing the Impact of COVID-19 on Third-party Delivery - Restaurant Delivery Demand Hampered by Uncertainty and Closures – Watching Mobile App Data 2020-03-16 5
DRI: Darden Restaurants - We Expect DRI to: Point to DD% SSS Declines in Recent Days, Outline Potential Temporary Restaurant Closures & Suspend Guidance DRI 2020-03-16 7
GRUB: Grubhub Inc - Quick Hits on GRUB's COVID-19 Restaurant Relief Efforts GRUB 2020-03-13 3
Restaurant SSS & Recessions: Burgers & Pizza Most Resilient - Sector Sell Off Has Seen Models with Greatest EPS Sensitivity Hit Hardest: JACK, DIN & DRI Down 40% - Disproportionately Sold Off 2020-03-12 8
Sifting Through the Consumer-Facing Sector Sell Off - Where Have Quality Fundamentals and/or SSS Catalysts Been Thrown Out with Bath Water? We Say WING, WEN, EAT & BLMN 2020-03-09 5
SBUX: Starbucks Corp - China Coronavirus Update No Worse Than Feared; U.S. Concerns are Mounting – but We Now See 12-Month Reward > Risk SBUX 2020-03-05 5
Which Concepts Are Growing Customer Counts and How? - Traffic Growth Remains Elusive for Most: WING & CMG at the Top of Market Share Gain Leaderboard, with BLMN & EAT Climbing 2020-03-05 4
DPZ: Domino's Pizza Inc - U.S. SSS Finding Stable Ground, But Valuation Premium Outpacing Fundamental Prospects. $320 PT Reflects HSD % Downside DPZ 2020-02-28 20

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