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PNRA

Taken private 7/17

$210.74

0.52 (0.25%)

, CMG

Chipotle

$393.50

4.03 (1.03%)

07:45
12/22/16
12/22
07:45
12/22/16
07:45

RBC Capital names restaurants poised to benefit most from new policies

Panera Bread (PNRA), Chipotle (CMG), and Texas Roadhouse (TXRH) could benefit the most from new policies poised to be enacted in Washington, DC, according to RBC Capital analyst David Palmer. Specifically, restaurant demand is poised to rise about two percentage points as a result of tax reductions, and the companies' EPS is poised to rise as a result of corporate tax cuts, the analyst stated. He keeps Outperform ratings on Panera and Chipotle and, a Sector Perform rating on Texas Roadhouse.

PNRA

Taken private 7/17

$210.74

0.52 (0.25%)

CMG

Chipotle

$393.50

4.03 (1.03%)

TXRH

Texas Roadhouse

$49.12

-0.29 (-0.59%)

  • 09

    Jan

  • 09

    Jan

  • 09

    Jan

PNRA Taken private 7/17
$210.74

0.52 (0.25%)

12/22/16
RBCM
12/22/16
NO CHANGE
RBCM
McDonald's, Panera Bread, Starbucks named top restaurant picks at RBC Capital
RBC Capital analyst David Palmer named McDonald's (MCD), Panera Bread (PNRA) and Starbucks (SBUX) as his top restaurant picks heading into 2017. He thinks that their initiatives should improve their sales by mid-2017, while they could also benefit from improved industry trends and corporate tax changes. He adds that McDonald's could benefit from reduced food deflationary pressures, while all restaurants should be boosted by fiscal stimulus.
11/28/16
WEDB
11/28/16
DOWNGRADE
Target $220
WEDB
Neutral
Panera Bread downgraded to Neutral from Outperform at Wedbush
Wedbush analyst Nick Setyan downgraded Panera Bread to Neutral saying valuation reflects sustained same-store-sales growth and maintained its $220 price target.
10/27/16
ADAM
10/27/16
NO CHANGE
Target $255
ADAM
Buy
Panera Bread represents compelling buying opportunity, says Canaccord
Canaccord analyst Lynne Collier said she is increasingly confident in Panera Bread's ability to outperform its peers following its Q3 earnings conference call. The analyst believes its initiatives and technology investments are enhancing the brand's relevancy with consumers in a rapidly changing landscape. Collier reiterated her Buy rating and $255 price target on Panera Bread shares.
10/10/16
LBOW
10/10/16
UPGRADE
LBOW
Buy
Panera Bread upgraded to Buy from Neutral at Longbow
Longbow analyst Alton Stump upgraded Panera to Buy with a $239 price target saying the pullback in shares provides an attractive entry point. Stump said Panera 2.0 results have improved significantly since mid-2015 and could drive meaningful upside to results and thinks the company will continue to seek refranchising opportunities in coming years, which alone could drive meaningful multiple expansion.
CMG Chipotle
$393.50

4.03 (1.03%)

12/14/16
SPHN
12/14/16
NO CHANGE
Target $325
SPHN
Underweight
Chipotle price target lowered to $325 from $350 at Stephens
Stephens analyst Will Slabaugh lowered his price target for Chipotle to $325 from $350 as he believes current valuation does not accurately reflect the lack of sales and earnings visibility over the next 12-18 months. The analyst reiterates an Underweight rating on the shares.
12/15/16
MSCN
12/15/16
NO CHANGE
MSCN
Chipotle one year growth rate has significantly improved, says MScience
12/16/16
RAJA
12/16/16
NO CHANGE
RAJA
Raymond James sees no 'quick fix" for Chipotle
12/13/16
SPHN
12/13/16
NO CHANGE
Target $350
SPHN
Underweight
Chipotle CEO change signals challenges, personnel issues, says Stephens
Stephens analyst Will Slabaugh notes that Chipotle announced that current co-CEO Monty Moran will be stepping down from his executive role and from his Board seat effective, with current co-CEO Steve Ells returning to his role as sole CEO. The analyst believes this move signals both continued challenges to recover lost sales and profits, as well as personnel and execution issues in the stores. He reiterates an Underweight rating and $350 price target on the shares.
TXRH Texas Roadhouse
$49.12

-0.29 (-0.59%)

09/29/16
KEYB
09/29/16
DOWNGRADE
KEYB
Sector Weight
Texas Roadhouse downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Chris O'Cull downgraded Texas Roadhouse to Sector Weight saying the company's same-restaurant-sales could be challenging in the current consumer spending environment. Further, the analyst believes the company will take less price raises despite higher labor costs from the new Department of Labor ruling.
12/19/16
JPMS
12/19/16
NO CHANGE
JPMS
JPMorgan says sell Casual Dining names after recent rally
JPMorgan analyst John Ivankoe believes fundamentals in the Casual Dining space have not improved as much as the current stock prices suggest. He recommends fading the rally across the sector, even the names he rates Overweight. Ivankoe has Neutral ratings on Darden (DRI), Cheesecake Factory (CAKE), Texas Roadhouse (TXRH) and Fogo De Chao (FOGO) and Overweight ratings on Brinker (EAT) and Bloomin' Brands (BLMN). Supply growth in the Casual Dining space is increasing across the industry faster than demand while commodity cost benefits are moderating, Ivankoe tells investors in a research note.
10/14/16
ADAM
10/14/16
NO CHANGE
ADAM
Street estimates too high for casual dining sector in 2017, says Canaccord
Canaccord analyst Lynne Collier lowered same store sales estimates on most of the casual dining sector ahead of Q3 earnings. The analyst said September comps were worse than expected and that sales trends in Q3 were similar to Q2. Collier also believes 2017 will see negative comps as oversupply remains an issue, the inflation gap will continue, and there will be a reduced benefit from lower gasoline prices. As such, the analyst believes Street estimates are too high for the sector for next year. Names in the casual dining space include BJ's Restaurants (BJRI), Buffalo Wild Wings (BWLD), Cheesecake Factory (CAKE), Brinker (EAT), Red Robin (RRGB) and Texas Roadhouse (TXRH).
10/18/16
MAXM
10/18/16
UPGRADE
Target $48
MAXM
Buy
Texas Roadhouse upgraded to Buy from Hold at Maxim
Maxim analyst Stephen Anderson upgraded Texas Roadhouse to Buy from Hold as he expects the company to maintain above-peer comp growth through at least 2017. The analyst, who expects the company to "remain judicious" with its menu price increases, keeps a $48 price target on the stock.

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Thermo Fisher

$172.57

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SMBC

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IEP

Icahn Enterprises

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Icahn Enterprises

$50.00

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Icahn Enterprises

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Icahn Enterprises

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NVTA

Invitae

$9.60

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NVTA

Invitae

$9.60

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MU

Micron

$30.38

0.76 (2.57%)

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INSY

Insys Therapeutics

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Akari Therapeutics

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TGT

Target

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NBEV

New Age Beverages

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ATW

Atwood Oceanics

$6.26

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NSRGY

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