Restaurants Research

Title Tickers Date
Third-Party Restaurant Delivery - DoorDash is King of Digital Engagement – Grubhub and Uber Eats in A Close Second; Postmates Lagging but Still in the Race 2019-06-17
DRI: Darden Restaurants - Softening Casual Dining Trends Weigh on SSS/EPS Upside Potential; Expect FY20 EPS Guidance Range Intro to Straddle Street Estimate DRI 2019-06-17
SBUX: Starbucks Corp - Great(er) Expectations: YTD Run Suggests SBUX Discounting SSS Upside - We Agree on U.S., but China Upside a Show-Me Story SBUX 2019-06-13
PLAY: Dave & Buster's - Downgrading to Hold: No SSS Turnaround Visibility, Guidance Credibility Tested Again & Structural Margin Headwinds Mounting PLAY 2019-06-12
PLAY: Dave & Buster's - Looking for Modest F1Q SSS Shortfall with Weak Segment Trends in April; Expect Reiteration of All Key Guidance Items PLAY 2019-06-07
GRUB: Grubhub Inc - First Mover Advantage in Offering More Than Just Delivery Is Poised to Pay Off in the Backdrop of Evolving Partnership Models GRUB 2019-06-06
CBRL: Cracker Barrel - F3Q Call Quick Hits: Relief That Cash Return to Shareholders Continues; FY20E Margin Stability & EPS Growth a Show-Me Story CBRL 2019-06-04
CBRL: Cracker Barrel - F3Q19 First Look: In-Line SSS & EPS, Pork Inflation Sidestepped in Near-term, Special Dividend Maintained but Reduced CBRL 2019-06-04
RRGB: Red Robin - We See No Near-term Turnaround Prospects for This Regional Casual Dining Concept, but a 20% FCF Yield Keeps Us Hold Rated RRGB 2019-05-31
Commodities - Near-term Protein Inflation Concerns Overdone; But if Inflation Materializes – CBRL, BLMN & TXRH to See Greatest EPS Headwind 2019-05-31
CAKE: Cheesecake Factory - GHRA Sponsored Cheesecake Factory Management Conference Call Quick Hits CAKE 2019-05-30
GRUB: Grubhub Inc - 45+ Promotional Emails over Two Months Highlight GRUB’s Cost-Effective Customer Acquisition & Retention Strategy GRUB 2019-05-28
WEN: Wendy's - GHRA Sponsored Wendy’s Management Conference Call Quick Hits WEN 2019-05-23
CMG: Chipotle - Lapping the Digital Revolution: Following a Wave of Initiatives over Last 12-Months, We Expect Digital Sales & SSS Growth to Slow CMG 2019-05-23
GRUB: Grubhub Inc - Focus on Sustainable High-Quality Diner Growth and Ignore the Low-Quality Diner Market Share Losses GRUB 2019-05-20
GRUB: Grubhub Inc - Focus on Sustainable High-Quality Diner Growth and Ignore the Low-Quality Diner Market Share Losses GRUB 2019-05-20
JACK: Jack in the Box - Quick Hits from Earnings Call: Value-based LTO Promos Moving SSS & Traffic Needles – We Expect More of the Same in F3Q & F4Q JACK 2019-05-16
JACK: Jack in the Box - With Clarity on Sale Process & Capital Structure in Hand, We Expect Investor Focus to Return to SSS Prospects & Prospects are Good JACK 2019-05-15
JACK: Jack in the Box - JACK Offers Compelling Risk/Reward with Value Pivot & Low Fundamental Expectations; Expect Few F2QE SSS & EPS Surprises JACK 2019-05-10
WEN: Wendy's - A Solid SSS & FCF Start for the Year; Increases 2020 Guidance Credibility and Narrows Relative Valuation Discount WEN 2019-05-08

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