Restaurants Research

Title Tickers Date Pages
DPZ: Domino's Pizza Inc - 3Q SSS Positioned to Impress; Delivery & Digital Players Winning Big Market Share; Int’l Development Headwinds Remain a Focus DPZ 2020-09-29 7
October Casual Dining Sales Softened in ‘08, ’12 & ’16 Election Yrs - Hard to Know if Historical Trends Will Hold in 2020; But Monthly Sales & SSS Data Show that October Sales Slow Ahead of Election 2020-09-27 4
MCD: McDonald's - Through 9/21 - Travis Scott & Spicy McNuggets LTOs Continue to Drive Jump in Foot Traffic & Mobile App Downloads MCD 2020-09-25 10
DRI: Darden Restaurants - SSS Underwhelm, But Quickly Forgotten w/ DRI Introducing Annual Cost Savings Guidance Well North of $150 Million DRI 2020-09-24 7
DRI: Darden Restaurants - Rest-level Cost Control Drives EPS Upside on Sizeable SSS Shortfall. F2Q Revenue Guide implies -18% Blended SSS, Below Street DRI 2020-09-24 4
State-by-State Restaurant Capacity Limit Update - Flurry of Increased Capacity Limit Announcements in Recent Weeks, but Rising Case Counts Threaten to Slow Reopening Progress 2020-09-22 7
DRI: Darden Restaurants - Expect Modest SSS & EPS Upside; We See DRI & Casual Peers in Limbo w/ Moderating Sales Recovery Offset by Vaccine Headlines DRI 2020-09-17 6
CBRL: Cracker Barrel - SSS Recovery Solid, but Lagging Peers; Street EPS Estimates Poised to Fall w/ Unexpected Cost Control Offsets. We Remain UP Rated CBRL 2020-09-15 7
CBRL: Cracker Barrel - F4Q SSS & EPS Numbers Meet Street; SSS Recovery Trajectory in Recent Weeks, Cost Cuts & Capital Allocation in Focus CBRL 2020-09-15 4
EAT: Brinker International - Virtual Restaurant Momentum Builds in August; Exclusive w/ DoorDash + National Footprint + Discount Pricing = Sustainable Lift EAT 2020-09-14 10
PLAY: Dave & Buster's - Stuck on Sidelines with: Protracted Store Re-openings, Downward SSS/EBITDA Revision Pressure and 35% Equity Dilution PLAY 2020-09-10 7
CBRL: Cracker Barrel - Expect Core Market Resilience/Cost Control to Drive Upside; Shares Reaching Pre-COVID Valuation Despite Lack of $8/Sh Div Support CBRL 2020-09-10 6
CMG: Chipotle - 20-Market Analysis Shows 9% Avg. Delivery Menu Pricing Premium (White Label & Third Party) – Up from No Premium in Late July CMG 2020-09-09 15
Social Distancing Restaurant Consumer Survey Week 26 - COVID Dynamics Increasingly Poised to Carry Well into 2021: Working Remotely, Digital/Delivery Share Gains, Dine-In Hurdles 2020-09-08 6
PLAY: Dave & Buster's - F2Q/F3Q SSS & EBITDA Ests. Look High w/ Almost 40% of Units Still Closed; Equity Dilution Sizeable, Stock Near Pre-COVID Valuation PLAY 2020-09-08 7
Updating Estimates to Reflect 10-Q Balance Sheet Updates - Model Updates: BJRI, BLMN, EAT, JACK, MCD & TXRH 2020-08-31 14
Fiscal Cliff/Slope is Here: A Closer Look at Restaurant Exposure - State-by-State Guide to Unemployment Benefits – CA is Home to ¼ of Total U.S. Claims Thanks to Temporary “Gig” Worker Benefits 2020-08-28 9
Casual Dining Data: Traffic Thru 8/16 & Capacity Limit Deep Dive - Everything You Need to Know About Capacity Restrictions Across All 50 States – The Key to the Next Phase of CDR Traffic Recovery 2020-08-21 13
Looking at Balance of 2020 Through Lens of 2Q Earnings Season 2020-08-18 10
EAT: Brinker International - Upgrading to Buy: Virtual Restaurant Strategy Done Right is a Game Changer for Brinker - Unlocking High Margin, Incremental Sales EAT 2020-08-13 7

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