| JACK: Jack in the Box - A Largely Uneventful Print: SSS Just Above Street & In-line FY20 Guidance Intro; We Like Risk/Reward w/ Continued SSS Inflection
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JACK |
Farmer, Jeff |
2019-11-20 |
| Labor - Street Slow to Acknowledge Accelerating Wage Inflation in 2020: Where Are #’s Aggressive/Who is Most Exposed?
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Farmer, Jeff |
2019-11-19 |
| JACK: Jack in the Box - Looking for Modest F4Q SSS Miss & Repo-driven EPS Upside; We Like Risk/Reward with Longer-term Fundamentals Bar Low
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JACK |
Farmer, Jeff |
2019-11-15 |
| CBRL: Cracker Barrel - The Very Popular Holiday Heat n’ Serve Offering Will See a ~15% Price Increase to $124.99 – Driving a Healthy F2QE SSS Tailwind
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CBRL |
Farmer, Jeff |
2019-11-08 |
| EAT: Brinker International - Quick Hits from GHRA-Sponsored Conference Call with Brinker CEO & CFO
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EAT |
Farmer, Jeff |
2019-11-07 |
| WEN: Wendy's - Expect Continued Multiple Expansion in Coming Quarters with Several Meaningful Top-line Drivers in Place
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WEN |
Farmer, Jeff |
2019-11-06 |
| BLMN: Bloomin Brands, Inc. - SSS Miss/EPS Guidance Reiteration as Previewed; Remain Bullish W/ October SSS Better, Margins Improving & Potential Sale
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BLMN |
Farmer, Jeff |
2019-11-06 |
| RRGB: Red Robin - Unenviable Top-line Dynamic Persists: Traffic Stability Comes Only with Discounting or Increased Advertising
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RRGB |
Farmer, Jeff |
2019-11-05 |
| DNKN: Dunkin' Brands - Tax-Rate Driven EPS Upside on Modest SSS Miss; Confirmation That DNKN Will Not Contribute to “Reimage” Capex is Welcome
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DNKN |
Farmer, Jeff |
2019-10-31 |
| SBUX: Starbucks Corp - U.S. Further Establishes Sizeable SSS Step Change; China Solid, but Needs a Step Change of Its Own to Drive Multiple Expansion
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SBUX |
Farmer, Jeff |
2019-10-30 |
| EAT: Brinker International - Delivery Momentum Has Picked Up & Appears Sustainable with Recent Addition of National Advertising Support
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EAT |
Farmer, Jeff |
2019-10-30 |
| WING: Wingstop - Another Strong Quarter for SSS – We see Multiple Topline Drivers In Place to Sustain The SSS Momentum and Valuation Premium
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WING |
Farmer, Jeff |
2019-10-30 |
| YUM: Yum! Brands - System Sales & SSS Poised to Decelerate through 2Q20E; Cash Flow Visibility/Stability Will Limit Further Multiple Compression
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YUM |
Farmer, Jeff |
2019-10-30 |
| CAKE: Cheesecake Factory - Quick Hits from Earnings Call & Mgmt. Follow Up: Low Drama Quarter for Casual Dining - Largely In-line EPS, SSS & Guidance
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CAKE |
Farmer, Jeff |
2019-10-29 |
| TXRH: Texas Roadhouse - Labor Cost Control & Lull in Commodity Inflation Drive EPS Upside; Expect Valuation Premium to Further Narrow w/ Margin Erosion
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TXRH |
Farmer, Jeff |
2019-10-29 |
| GRUB: Grubhub Inc - GRUB’s Decision to Play High Cost Promo Game Breaks Profit Model, and In Turn Our Thesis – Downgrading to Hold from Buy
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GRUB |
Mollins, Robert |
2019-10-28 |
| BLMN: Bloomin Brands, Inc. - Expect 3Q SSS Shortfall/Downward Revision to 2019 SSS Guidance; At <7x EBITDA & Delivery Tailwind Coming, We Like Risk/Reward
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BLMN |
Farmer, Jeff |
2019-10-25 |
| BJRI: BJ's Restaurants - 3Q SSS Miss Underscores BJRI’s Eroding Market Share Gains; 2020E Street EPS & EBITDA Estimates Coming Down
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BJRI |
Farmer, Jeff |
2019-10-24 |
| EAT: Brinker International - Looking for Modest SSS & EPS Upside; Compelling Risk/Reward with Early-Stage Delivery Catalyst & Low Fundamental Expectations
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EAT |
Farmer, Jeff |
2019-10-24 |
| WING: Wingstop - Looking for SSS & EPS Upside; Valuation Outsized – But We Expect the Company’s Long List of SSS Drivers to Keep it There.
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WING |
Farmer, Jeff |
2019-10-23 |