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BJRI

BJ's Restaurants

$61.90

0.55 (0.90%)

, CAKE

Cheesecake Factory

$50.29

1.15 (2.34%)

04:55
11/06/18
11/06
04:55
11/06/18
04:55

Maxim to hold a tour

California Restaurant Tour 2018 will travel throughout Orange County, CA on November 5-6.

BJRI

BJ's Restaurants

$61.90

0.55 (0.90%)

CAKE

Cheesecake Factory

$50.29

1.15 (2.34%)

HABT

Habit Restaurants

$15.10

0.26 (1.75%)

TACO

Del Taco

$11.51

0.02 (0.17%)

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    Nov

BJRI BJ's Restaurants
$61.90

0.55 (0.90%)

10/23/18
STFL
10/23/18
DOWNGRADE
Target $70
STFL
Hold
BJ's Restaurants downgraded to Hold from Buy at Stifel
Stifel analyst Christopher O'Cull downgraded BJ's Restaurants to Hold from Buy and lowered his price target to $70 from $75.
10/24/18
STFL
10/24/18
DOWNGRADE
Target $70
STFL
Hold
Stifel downgrades BJ's Restaurants to Hold after 80% rally in 2018
Stifel analyst Chris O'Cull last night downgraded BJ's Restaurants to Hold and lowered his price target for the shares to $70 from $75. With the stock up 80% year-to-date, the company's valuation largely reflects its improved sales/margin performance and outlook, O'Cull tells investors in a research note. The analyst, who remains confident in BJ's long-term growth outlook, sees risk that valuation multiples could compress with rising interest rates. He would consider becoming more constructive on a "valuation-related pullback."
10/24/18
LOOP
10/24/18
INITIATION
Target $70
LOOP
Hold
BJ's Restaurants initiated with a Hold at Loop Capital
Loop Capital analyst Lynne Collier started BJ's Restaurants with a Hold rating and $70 price target. The analyst believes the company's recent momentum has continued into Q3, but she feels the good news is already reflected in the current valuation. With the stock up 78% year-to-date and the potential for decelerating comps amid difficult compares, the analyst prefers to stay on the sidelines.
10/31/18
SPHN
10/31/18
NO CHANGE
Target $80
SPHN
Overweight
BJ's Restaurants' momentum continues building, says Stephens
Stephens analyst Will Slabaugh said he has been impressed with the fundamental strides BJ's Restaurants has made and while he noted that its comparisons become more difficult in upcoming quarters he sees its momentum continuing to build. He lowered his price target on BJ's shares to $80 from $85, on account of lower industry multiples, but keeps an Overweight rating on the stock, as he believes continued industry outperformance can help BJ's shares return to prior highs.
CAKE Cheesecake Factory
$50.29

1.15 (2.34%)

10/24/18
LOOP
10/24/18
INITIATION
LOOP
Hold
Cheesecake Factory initiated with a Hold at Loop Capital
Loop Capital analyst Lynne Collier initiated Cheesecake Factory with a Hold rating and $55 price target, citing balanced risk/reward.
10/18/18
GDHS
10/18/18
INITIATION
GDHS
Hold
Cheesecake Factory initiated with a Hold at Gordon Haskett
Gordon Haskett analyst Jeff Farmer initiated Cheesecake Factory with a Hold rating and $53 price target, saying he sees a "continued tug of war" between market share gains and outsized wage rate inflation exposure.
10/15/18
KERI
10/15/18
DOWNGRADE
KERI
Neutral
Cheesecake Factory downgraded to Neutral from Buy at Kalinowski
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
HABT Habit Restaurants
$15.10

0.26 (1.75%)

10/31/18
SPHN
10/31/18
NO CHANGE
Target $16
SPHN
Equal Weight
Habit Restaurants price target raised to $16 from $14 at Stephens
Stephens analyst Will Slabaugh raised his price target on Habit Restaurants shares to $16 from $14 after the company reported Q3 same-store sales growth and adjusted earnings that were ahead of his and the consensus estimates, as the top-line strength and lower cost of goods more than offset higher labor costs. While noting that this was the second consecutive quarter of positive comps, he continues to watch the negative traffic trends and keeps an Equal Weight rating on Habit shares.
10/03/18
10/03/18
UPGRADE
Target $80

Buy
Wingstop upgraded to Buy after meetings add confidence at Guggenheim
As previously reported, Guggenheim analyst Matthew DiFrisco upgraded Wingstop (WING) to Buy from Neutral after meetings at the firm's Emerging Growth Restaurant Summit reaffirmed that consumer restaurant demand is strengthening. He has increased confidence in Wingstop's ability to support mid-single digit same-store sales growth and double-digit expansion through 2025 following the meetings, DiFrisco tells investors. Following the event, the analyst set an $80 price target on Wingstop shares and he also raised his price target on El Pollo Loco (LOCO) to $17 from $14 and increased his price target on Habit Restaurants (HABT) to $17 from $15.
10/05/18
PIPR
10/05/18
NO CHANGE
Target $16
PIPR
Overweight
Habit Restaurants price target raised to $16 from $13 at Piper Jaffray
Piper Jaffray analyst Nicole Miller Regan raised her price target for Habit Restaurants to $16 to reflect a "more favorable sector backdrop." Habit is illustrating the benefits of a disciplined approach to price, development, and overall investments, Miller Regan tells investors in a research note. The analyst believes menu innovation, digital/delivery and drive-thru openings provide catalysts for the shares.
10/31/18
MAXM
10/31/18
UPGRADE
MAXM
Buy
Habit Restaurants upgraded to Buy from Hold at Maxim
TACO Del Taco
$11.51

0.02 (0.17%)

07/20/18
MAXM
07/20/18
NO CHANGE
MAXM
Dine Brands, Dave & Buster's added to Maxim's Top Picks in Restaurants
Maxim analyst Stephen Anderson updated his preferred stock picks in the Restaurant group for the second half of 2018. The analyst is keeping Del Taco (TACO) as the top pick, modeling a potential 32% upside to his $19 price target. He also adds Dine Brands (DIN) based on its recent sales momentum and Dave & Busters (PLAY) based on its VR offerings driving traffic. Anderson removes Darden Brands (DRI) and Dunkin' Brands (DNKN) from his top picks selection as those stocks have recently seen their prices reach his targets.
10/17/18
BTIG
10/17/18
DOWNGRADE
BTIG
Neutral
Del Taco downgraded to Neutral from Buy at BTIG
10/17/18
BTIG
10/17/18
DOWNGRADE
BTIG
Neutral
Del Taco downgraded to Neutral at BTIG after FY18 guidance cut
BTIG analyst Peter Saleh downgraded Del Taco to Neutral from Buy after its Q3 results and reduced FY18 outlook yesterday evening. The analyst points to the "combination of negative traffic and rising food and labor inflation" weighing on its prospects for the coming year, adding that while he is optimistic on its promotions and delivery potential, he is also worried about customers being discouraged by the company's higher pricing.
10/17/18
10/17/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Infosys (INFY) downgraded to Neutral from Buy at Goldman Sachs with analyst Sumeet Jain saying yesterday's Q2 results were in-line but at the expense of "unexpectedly" higher investments. 2. Netflix (NFLX) downgraded to Sector Weight from Overweight at KeyBanc with analyst Andy Hargreaves citing quarterly results. While the analyst maintains a favorable view of Netflix's strategic positioning, he believes improving investment efficiency or significant ancillary opportunities are needed to drive upside from current levels, and he does not anticipate either over the next year. 3. Home Depot (HD), Lowe's (LOW), KB Home (KBH), and Lennar (LEN) were downgraded to Neutral from Outperform at Credit Suisse. 4. Del Taco (TACO) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh citing the "combination of negative traffic and rising food and labor inflation" weighing on its prospects for the coming year, adding that while he is optimistic on its promotions and delivery potential, he is also worried about customers being discouraged by the company's higher pricing. 5. Scorpio Bulkers (SALT) downgraded to Neutral from Overweight at JPMorgan with analyst Noah Parquette citing the company's related party transactions and recent investment in Scorpio Tankers (STNG) for the downgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

VICI

VICI Properties

$21.29

0.16 (0.76%)

08:22
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Dow Jones Industrial Average

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IYT

iShares Transportation Average

$190.74

-0.05 (-0.03%)

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XLK

Technology Select Sector SPDR

$68.22

-0.1 (-0.15%)

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XLE

Energy Select Sector SPDR

$67.23

0.76 (1.14%)

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EQIX

Equinix

$388.18

2.67 (0.69%)

08:19
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XLY

Consumer Discretionary Sector SPDR

$106.37

-0.43 (-0.40%)

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XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

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XLU

Utilities SPDR

$54.86

0.77 (1.42%)

08:18
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XLP

Consumer Staples Sector SPDR

$56.04

0.15 (0.27%)

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XLV

Health Care Select Sector SPDR

$92.05

0.91 (1.00%)

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IWM

iShares Trust Russell 2000 Index Fund

$151.96

0.33 (0.22%)

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DIA

Diamonds Fund ETF

$254.05

0.67 (0.26%)

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RILY

B. Riley Financial

$17.65

-0.14 (-0.79%)

, FBIO

Fortress Biotech

$1.24

0.08 (6.90%)

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B. Riley Financial to buy majority National Holdings stake for $3.25 per share »

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RILY

B. Riley Financial

$17.65

-0.14 (-0.79%)

FBIO

Fortress Biotech

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0.08 (6.90%)

NHLD

National Holdings Corp

$2.96

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SPY

SPDR S&P 500 ETF Trust

$273.75

0.91 (0.33%)

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XLF

Financial Select Sector

$26.78

0.03 (0.11%)

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SMH

Market Vectors Semiconductor

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QQQ

Invesco QQQ Trust

$167.50

-0.51 (-0.30%)

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$COMP

Nasdaq Composite

$0.00

(0.00%)

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ECOM

ChannelAdvisor

$10.98

-0.08 (-0.72%)

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PCG

PG&E

$24.39

6.62 (37.25%)

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NDX

Nasdaq 100 Index

$0.00

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RIO

Rio Tinto

$50.94

0.89 (1.78%)

, FCX

Freeport McMoRan

$11.96

(0.00%)

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RIO

Rio Tinto

$50.94

0.89 (1.78%)

FCX

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ABX

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$13.04

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FQVLF

First Quantum Minerals

$0.00

(0.00%)

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