Restaurants Research

Title Tickers Date
EAT: Brinker International - FY20 Fundamental/Stock Prospects Heavily Levered to Delivery Success: We See A Benefit Coming, But Magnitude is Up for Debate EAT 2019-08-16
EAT: Brinker International - Management Follow Up Call Quick Hits: EAT Points to Confidence in Delivery – We Agree on Opportunity, but View as Smaller Scale EAT 2019-08-13
EAT: Brinker International - F4Q19 1st Look: Aggressive FY20 Guidance Intro Will Be Analyst Focus on Call – Especially 1.75-2.5% SSS Guidance (Street at 1.5%) EAT 2019-08-13
JACK: Jack in the Box - The $4.99 Combo Meal Intro (and add-on purchases) Is Hitting the Right Spot with Core Jack Customers – and Appears to Have Legs JACK 2019-08-08
JACK: Jack in the Box - F3Q First Look: Healthy SSS Upside with Momentum Carrying into F4Q – Delayed Repo Announcement Proved to Signal Nothing JACK 2019-08-07
WEN: Wendy's - Expect Continued Multiple Expansion with WEN Poised to be One of Few Restaurants Delivering Accelerating SSS Growth in 2H19 WEN 2019-08-07
WEN: Wendy's - 2Q First Look: Upside Across SSS, EPS & EBITDA to Further Bolster Investor Confidence That WEN Can Deliver on 2020 Guidance WEN 2019-08-07
Chick-fil-A Competitive Encroachment Analysis - Proprietary Geolocation Case Studies & Geographic Development Trends Across the Concept’s Last 400 Openings 2019-08-07
GRUB: Grubhub Inc - SHAK Partnership is a Win that Demonstrates Grubhub’s Ability to Deliver More than Just Food GRUB 2019-08-05
JACK: Jack in the Box - Looking for a Modest F3Q SSS & EPS Miss and Overdue Repo Announcement; We Like Risk/Reward with Fundamentals Bar Low JACK 2019-08-05
DoorDash Acquiring Caviar - Caviar Acquisition Speeds Up DoorDash’s Market Share Expansion in Three Key Markets – San Francisco, Chicago & Boston 2019-08-01
WING: Wingstop - 13% SSS Met with Frustration Over Paltry Flow Through; Better Margins Coming w/ New Delivery Structure & Less COGS Pressure WING 2019-08-01
YUM: Yum! Brands - Strong SSS Across Portfolio, View 2Q SSS as High-water Mark; Valuation Premium Sustainable, but Additional Expansion Limited YUM 2019-08-01
DNKN: Dunkin' Brands - 2Q19 First Look: Solid Results Lapping the Go2s Menu Introduction; 2019 EPS Guidance Bumped on Lower Tax Rate & Interest Expense DNKN 2019-08-01
CAKE: Cheesecake Factory - The Market Appreciates a High-profile Acquisition, but Potential Hurdles Are All Around w/ CAKE Trying to Stabilize Core Business CAKE 2019-07-31
BLMN: Bloomin Brands, Inc. - BLMN Needs to Deliver on Its Aggressive SSS Guidance, but at 6x EBITDA & with Margins Improving – We Like the Risk/Reward BLMN 2019-07-31
BLMN: Bloomin Brands, Inc. - 2Q19 First Look: 2019 Guidance Reiterated Across Board Despite Healthy SSS Miss – BLMN Has Some Explaining to Do BLMN 2019-07-31
GRUB: Grubhub Inc - Strong Topline Momentum Overshadowed by Higher Exps. Continue to Look to 4Q Margin Improvement as Share Price Catalyst GRUB 2019-07-30
WEN: Wendy's - Looking for Modest SSS Miss/Guidance Reiteration; See WEN Offering Solid Risk/Reward Under Appealing Franchise Umbrella WEN 2019-07-30
TXRH: Texas Roadhouse - EPS Numbers Finding Stability vs. Our Street-Low Numbers, But we See the Consensus Numbers Continuing to Fall TXRH 2019-07-29

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