Restaurants Research

Title Tickers Date
MCD: McDonald's - Global SSS Momentum Accelerating with U.S. Increasingly Pulling Its Own Weight; Lack of Margin Expansion the Lone Knock on Qtr MCD 2019-07-26
BLMN: Bloomin Brands, Inc. - Looking for Modest SSS Miss/Guidance Reiteration; At 6x 2020E EBITDA, Risk/Reward Merits Greater Investor Attention BLMN 2019-07-26
WING: Wingstop - SSS Expectations High - We Expect WING to Deliver; Valuation Undeniably Lofty, But Long List of SSS Drivers Can Keep It There WING 2019-07-26
BJRI: BJ's Restaurants - Weak July SSS & Mounting Cost Pressures Will Push Street EPS Estimates Lower - a Revision Trend we Expect to Continue BJRI 2019-07-25
SBUX: Starbucks Corp - U.S. SSS Deliver a Healthy Step Change; China SSS Solid, but Need Their Own Step Change to Drive Further Multiple Expansion SBUX 2019-07-25
CMG: Chipotle - Recovery Momentum Continues to Impress; We See All-time High Valuation Fading as CMG Begins to Lap Intro of Digital Initiatives CMG 2019-07-24
GRUB: Grubhub Inc - Expect Modest 2Q Revenue, EBITDA and EPS Upside; Half of 2019E Street EPS Estimates Fail to Reflect Recent Debt Issuance GRUB 2019-07-24
TXRH: Texas Roadhouse - Looking for Largely In-line 2Q SSS & EPS, but Expect 2019/2020 Street EPS Ests. to Fall for 4th Consecutive Qtr on Cost Headwinds TXRH 2019-07-23
GRUB: Grubhub Inc - Social Media Promo Analysis: Promos +50% Q/Q in 2Q; GRUB Continuing to Focus on High Quality Diners, Peers Not So Much GRUB 2019-07-22
MCD: McDonald's - Looking for Global SSS Momentum & Continued Rotation into Stable Franchise Models to Drive Further Multiple Expansion MCD 2019-07-22
BJRI: BJ's Restaurants - Looking for Modest 2Q SSS & EPS Miss; Continue to See 2020E Street EPS as Aggressive with Labor Pressure Largely Ignored BJRI 2019-07-19
GRUB: Grubhub Inc - Shares Still Digesting Recent Flurry of Negative Headlines - Most of Which Are Without Merit – Buying Opp. Heading into Earnings GRUB 2019-07-18
SBUX: Starbucks Corp - Looking for U.S. & China SSS Upside; Expect Reiteration of FY19 EPS Guidance on Stabilizing Margin and Tax Rate Outlooks SBUX 2019-07-18
CMG: Chipotle - Expect Modest 2Q SSS/EPS Upside; We See Decelerating SSS Coming in September as CMG Laps Intro of Multiple SSS Initiatives CMG 2019-07-16
GRUB: Grubhub Inc - Driver Pay Analysis: GRUB the Lone Company Changing Driver Pay for the Better - A Move that Will Help Attract & Retain Drivers GRUB 2019-07-12
GRUB: Grubhub Inc - New York State Liquor Authority Fears Overdone – GRUB the Only National Third-Party Delivery Company Operating Under a Waiver GRUB 2019-07-11
CBRL: Cracker Barrel - Highlights from Management Meetings: Poised to Meet/Exceed F4Q Street Estimates; Margin Compression to Continue in FY20E CBRL 2019-07-11
Defensive Names Come at a Price – We Think It Moves Higher - Franchise Valuation Premium at All-time High - Defensive Rotation Poised to Continue: WEN & JACK Offer Best Risk/Reward 2019-06-28
GRUB: Grubhub Inc - Model Update and Our Thoughts on Intra-quarter News and Investor Focus Areas GRUB 2019-06-27
CMG: Chipotle - 35 Concept Free Delivery Analysis: CMG the Most Aggressive with 71 Days – An Unsustainable Rate w/ High Hurdles in Coming Qtrs. CMG 2019-06-21

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