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TXRH

Texas Roadhouse

$67.01

2.65 (4.12%)

, HOME

At Home Group

$22.24

0.66 (3.06%)

08:32
01/14/19
01/14
08:32
01/14/19
08:32

Morgan Stanley to hold meetings

Morgan Stanley Hosted Company Meetings at ICR Conference 2019 will be held in Orlando on January 14.

TXRH

Texas Roadhouse

$67.01

2.65 (4.12%)

HOME

At Home Group

$22.24

0.66 (3.06%)

  • 14

    Jan

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    Jan

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    Jan

  • 14

    Jan

TXRH Texas Roadhouse
$67.01

2.65 (4.12%)

10/30/18
RBCM
10/30/18
NO CHANGE
Target $66
RBCM
Outperform
Texas Roadhouse price target lowered to $66 from $74 at RBC Capital
RBC Capital analyst David Palmer lowered his price target on Texas Roadhouse to $66 after its Q3 earnings miss, saying the company's labor and G&A costs were "surprisingly high" in the quarter. The analyst adds that he now assumes corporate margins will track below 8% for the first time since the financial crisis which he considers "surprising" because of the assumption of pricing power from "years of uninterrupted traffic growth". Palmer also keeps his Outperform rating longer term, anticipating Texas Roadhouse to take measures that bring margins back to the historical average of about 18%.
10/30/18
MAXM
10/30/18
NO CHANGE
Target $66
MAXM
Hold
Texas Roadhouse price target lowered to $66 from $72 at Maxim
Maxim analyst Stephen Anderson lowered his price target on Texas Roadhouse to $66 and kept his Hold rating after its "mixed" Q3 earnings. The analyst notes that the EPS miss was driven by 12c in "cumulative one-time insurance costs and SG&A expenses", even though the positive comps of 5.3% topped the 4.3% consensus mean. Anderson also anticipates that insurance costs will remain an issue for 1-2 quarters.
01/11/19
GSCO
01/11/19
UPGRADE
Target $72
GSCO
Buy
Texas Roadhouse upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Karen Holthouse upgraded Texas Roadhouse to Buy and raised her price target for the shares to $72 from $64. The analyst has incremental optimism on the lower end consumer and notes the company has limited exposure to restaurant economics in higher wage geographies. Further, she sees room for Texas Roadhouse to take incremental price, driving a more favorable view of labor costs versus consensus. And though elevated, the stock's valuation has at least pulled back from prior peaks versus the market and the peer group, Holthouse tells investors in a research note.
01/11/19
GSCO
01/11/19
DOWNGRADE
Target $68
GSCO
Neutral
Starbucks downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Karen Holthouse downgraded Starbucks to Neutral and lowered her price target for the shares to $68 from $75. The coffee giant closed yesterday up 31c to $64.19. The analyst remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1, Holthouse tells investors in a research note. Further, she has "incremental concerns" regarding the China macro environment and the company's comp trajectory in that region. Other consumer companies, like Apple (AAPL) and McDonald's (MCD), have noted weakness in China, the analyst points out. Holthouse this morning also upgraded Texas Roadhouse (TXRH) to Buy from Neutral and downgraded Yum! Brands (YUM) to Sell from Neutral.
HOME At Home Group
$22.24

0.66 (3.06%)

11/12/18
JEFF
11/12/18
NO CHANGE
Target $47
JEFF
Buy
At Home Group sourcing penetration could double in three years, say Jefferies
Jefferies analyst Jonathan Matuszewsk says that with At Home Group's 20% unit growth dominating investor attention, the company's other value drivers are underappreciated. Despite traction, direct sourcing is still in its infancy, allowing new money to share in top-line and margin benefits ahead, Matuszewsk tells investors in a research note titled "Look Under The Hood: Sourcing Engine To Triple & Units Nearly Double In 3 Years." He believes penetration could reach 33% as early as mid-fiscal 2022 and should "amplify" At Home Group's value proposition with lower prices, subsidize marketing spend, and offset external cost pressures. The analyst reiterates a Buy rating on the shares with a $47 price target. He views the current "compressed" valuation of the shares as unwarranted.
12/19/18
JEFF
12/19/18
NO CHANGE
Target $39
JEFF
Buy
At Home Group valuation 'grossly discounting' share gain story, says Jefferies
Jefferies analyst Jonathan Matuszewski says web data confirms his thesis that At Home Group's comp deceleration during heightened industry promotions in mid-November "was truly a 'moment in time.'" Site traffic and search interest trends indicate the sequential rebound management alluded to has been sustained, Matuszewski tells investors in a research note. He believes At Home's current valuation is "grossly discounting the share gain / unit growth story ahead." The analyst reiterates a Buy rating on the shares with a $39 price target.
01/08/19
MONN
01/08/19
INITIATION
Target $30
MONN
Buy
At Home Group initiated with a Buy at Monness Crespi
Monness Crespi initiated At Home Group with a Buy and $30 price target.
01/08/19
01/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. VMware (VMW) resumed with a Buy at Citi. 2. CSX (CSX) and Kansas City Southern (KSU) were initiated with an Overweight at Atlantic Equities, while Union Pacific (UNP) was initiated with a Neutral. 3. First Solar (FSLR) and TerraForm Power (TERP) were initiated with an Overweight at Barclays, Covanta (CVA) and Azure Power (AZRE) were initiated with an Equal Weight, and SunPower (SPWR) was initiated with an Underweight. 4. At Home Group (HOME) initiated with a Buy at Monness Crespi. 5. Chemours (CC) initiated with a Buy at HSBC. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

RTN

Raytheon

$165.11

2.285 (1.40%)

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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

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Independent Bank boosts quarterly dividend by 20% to 18c »

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  • 29

    Jan

11:25
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General news
FX Update: The dollar majors have been directionally challenged »

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EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

, GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

11:23
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Alphabet

$1,098.25

6.96 (0.64%)

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Alphabet Class A

$1,106.92

7.52 (0.68%)

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  • 24

    Jan

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    Feb

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    Feb

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    Feb

  • 03

    Mar

LAD

Lithia Motors

$87.13

1.57 (1.84%)

10:25
01/21/19
01/21
10:25
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10:25
Conference/Events
Lithia Motors to host special shareholder meeting »

Special shareholder…

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  • 21

    Jan

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    Feb

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    Mar

CYDY

CytoDyn

$0.00

(0.00%)

10:25
01/21/19
01/21
10:25
01/21/19
10:25
Conference/Events
CytoDyn participates in lunch meeting with Philadelphia Securities »

Luncheon Meeting with…

03/08/13
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  • 21

    Jan

ABT

Abbott

$71.43

0.9 (1.28%)

09:50
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Abbott announces FDA approval of TactiCath Contact Force Ablation Catheter »

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  • 23

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SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

09:48
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Hot Stocks
Fang announces management changes, proposed China Index spin-off »

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TS

Tenaris

$24.32

0.64 (2.70%)

09:45
01/21/19
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09:45
Hot Stocks
Tenaris closes acquisition of 47.79% of Saudi Steel Pipe shares »

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

09:42
01/21/19
01/21
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09:42
Hot Stocks
Pan American reports 2018 silver production 24.8M ounces »

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CRWS

Crown Crafts

$5.68

(0.00%)

09:38
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09:38
Hot Stocks
Crown Crafts announces retirement of NoJo Baby & Kids CEO »

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AL

Air Lease

$37.50

0.6 (1.63%)

, BA

Boeing

$364.79

5.52 (1.54%)

09:36
01/21/19
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Hot Stocks
Air Lease announces lease placement of Boeing 737 MAX 9 »

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AL

Air Lease

$37.50

0.6 (1.63%)

BA

Boeing

$364.79

5.52 (1.54%)

03/08/13
Wedge Partners
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03/06/13
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  • 30

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UTSI

UTStarcom

$3.22

0.1 (3.21%)

09:34
01/21/19
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Hot Stocks
UTStarcom says TDI paid $4.54 per share to increase stake to 9.9% »

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VRTX

Vertex

$194.63

4.19 (2.20%)

09:31
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Hot Stocks
Vertex says European Commission granted label extension for Orkambi »

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  • 11

    Feb

ALNY

Alnylam

$83.08

2.4 (2.97%)

09:30
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Alnylam, Israel's Medison partner to commercialize Onpattro, RNAi portfolio »

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THO

Thor Industries

$66.56

1.905 (2.95%)

09:26
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Hot Stocks
Thor finalizing talks to exclude EHG's North American operations from deal »

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PLWTY

Panalpina

$0.00

(0.00%)

08:44
01/21/19
01/21
08:44
01/21/19
08:44
Downgrade
Panalpina rating change at Jefferies »

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EFGSY

Eiffage

$0.00

(0.00%)

08:41
01/21/19
01/21
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08:41
Upgrade
Eiffage rating change at Barclays »

Eiffage upgraded to…

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TVFCF

Television Francaise 1

$0.00

(0.00%)

08:40
01/21/19
01/21
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08:40
Downgrade
Television Francaise 1 rating change at Citi »

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ATVDY

Atresmedia

$0.00

(0.00%)

08:37
01/21/19
01/21
08:37
01/21/19
08:37
Upgrade
Atresmedia rating change at Citi »

Atresmedia upgraded to…

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TDPAY

Tod's

$0.00

(0.00%)

08:36
01/21/19
01/21
08:36
01/21/19
08:36
Downgrade
Tod's rating change at Citi »

Tod's downgraded to…

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SFRGY

Salvatore Ferragamo

$0.00

(0.00%)

08:35
01/21/19
01/21
08:35
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08:35
Downgrade
Salvatore Ferragamo rating change at Citi »

Salvatore Ferragamo…

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08:35
01/21/19
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08:35
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08:35
General news
FX Action: USD-CAD has nudged back above 1.3300 »

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PRDSY

Prada

$0.00

(0.00%)

08:34
01/21/19
01/21
08:34
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Upgrade
Prada rating change at Citi »

Prada upgraded to Neutral…

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