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SBUX

Starbucks

$91.50

0.9 (0.99%)

, DPZ

Domino's Pizza

$248.64

5.75 (2.37%)

08:18
09/12/19
09/12
08:18
09/12/19
08:18

Starbucks expands board to 13 members

Starbucks (SBUX) announced the appointment of Richard Allison, Jr., CEO of Domino's (DPZ); Andrew Campion, Executive Vice President and CFO of NIKE (NKE); and Isabel Ge Mahe, Apple's Vice President and Managing Director of Greater China, to the Starbucks board of Directors. These appointments increase Starbucks board to 13.

SBUX

Starbucks

$91.50

0.9 (0.99%)

DPZ

Domino's Pizza

$248.64

5.75 (2.37%)

NKE

Nike

$88.00

1.15 (1.32%)

  • 19

    Sep

  • 24

    Sep

  • 27

    Sep

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    Nov

SBUX Starbucks
$91.50

0.9 (0.99%)

07/29/19
07/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Domino's Pizza (DPZ) initiated with a Sell at Deutsche Bank and a Neutral at Goldman Sachs. 2. Oaktree Specialty Lending (OCSL) initiated with a Neutral at Janney Montgomery Scott. 3. Chipotle (CMG) initiated with a Conviction Buy at Goldman Sachs, while McDonald's (MCD), Starbucks (SBUX), and Shake Shack (SHAK) were initiated with a Buy, Restaurant Brands (QSR) and Yum! Brands (YUM) were initiated with a Neutral, and Wendy's (WEN) and Jack in the Box (JACK) were initiated with a Sell. 4. PepsiCo (PEP) and Coca-Cola (KO) initiated with an Overweight at Atlantic Equities. 5. Dell Technologies (DELL) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/04/19
BTIG
09/04/19
NO CHANGE
BTIG
Neutral
Starbucks being conservative with 'modest' FY20 guidance reduction, says BTIG
BTIG analyst Peter Saleh said he views the "modest" FY20 guidance reduction from Starbucks at an investor conference this morning as largely attributable to stronger results in FY19 and management conservatism. The analyst, who said that Starbucks outperformed its initial FY19 guidance by pulling forward some growth from FY20, thinks this updated EPS guidance could still prove conservative if recent comp momentum continues. However, he keeps a Neutral rating on Starbucks shares, citing a slower pace of growth and P/E multiple that he said "is within striking distance of a 10-year peak."
09/04/19
BARD
09/04/19
NO CHANGE
BARD
Neutral
Starbucks FY20 comments likely to be viewed as disappointing, says Baird
Baird analyst David Tarantino said there is no change to his fundamental outlook on Starbucks after the company guided toward FY20 EPS growth below its long-term annual target while speaking at a competitor's conference. Though he is not surprised by the company's commentary, management's remarks suggest that current consensus for EPS may need to come down, which will likely be viewed as disappointing after several quarters of upward EPS revisions, Tarantino said. The analyst, who noted that detailed FY20 guidance will be provided in conjunction with the company's Q4 report, said he "detected an upbeat tone" about the current consumer environment in the U.S. and he remains confident Starbucks can deliver Q4 Americas comps at or above his 4%estimate. Tarantino keeps a Neutral rating on Starbucks shares.
09/10/19
CLVD
09/10/19
NO CHANGE
CLVD
Neutral
Starbucks Americas comps likely ahead of Q4 consensus, says Cleveland Research
Cleveland Research analyst Steven Gojak said his checks indicate that a strong seasonal launch, Nitro and cold beverage growth, and favorable fall weather appear to be driving Starbucks comp growth in the Americas region that is ahead of consensus expectations. The analyst raised his Q4 Americas comp estimate to 5.5% growth, versus a 4.4% consensus estimate, and keeps a Neutral rating on Starbucks shares.
DPZ Domino's Pizza
$248.64

5.75 (2.37%)

09/04/19
GUGG
09/04/19
NO CHANGE
Target $280
GUGG
Buy
Domino's Pizza shares should be bought ahead of open house, says Guggenheim
Guggenheim analyst Matthew DiFrisco believes the 20% pullback in Domino's Pizza shares since mid-July factors in the likelihood of U.S. same-store sales running below the long-term target range in the near-term and he recommends buying shares ahead of the company's Open House on September 6 as he expects the company to maintains its long-term 8-12% retail growth target. While he keeps a Buy rating on the stock, DiFrisco has reduced his near-term same-store growth view to reflect third party delivery "encroachment" and cut his price target on Domino's shares to $280 from $295 as he assumes a peer multiple.
09/09/19
SPHN
09/09/19
NO CHANGE
Target $300
SPHN
Overweight
Stephens still positive on Domino's Pizza after company's 'Open House'
After Domino's Pizza hosted an investor "Open House" on Friday, Stephens analyst Will Slabaugh said "not much new was revealed" at the event but it served as a reminder of the company's commitment to lead the industry from a tech perspective. He agrees with the Domino's decision to not partner with third party delivery companies and was encouraged by plans to help combat late night competition and further improve its service times lead, the analyst said. Slabaugh, who expects Domino's strategy to generate above-industry sales trends on a two-year basis for "the foreseeable future," remains positive on the stock following the event and keeps an Overweight rating and $300 price target on shares.
09/09/19
BTIG
09/09/19
NO CHANGE
Target $325
BTIG
Buy
Domino's Pizza highlighted investments to lead pizza category, says BTIG
BTIG analyst Peter Saleh kept his Buy rating and $325 price target on Domino's Pizza, saying the company's Innovation Garage event on Friday showcased its efforts to remain at the top of the pizza category with investments being made in autonomous vehicle delivery, GPS tracking and voice ordering. The analyst notes that while Domino's Pizza is facing competitive headwinds from delivery aggregators, it is "starting to fight back" with promotions and measures to improve efficiency.
09/04/19
09/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. ASE Technology (ASX) initiated with a Buy at Goldman Sachs. 2. XPEL (XPEL) initiated with a Buy at Craig-Hallum. 3. Papa John's (PZZA) initiated with a Buy at Northcoast while Domino's Pizza (DPZ) was initiated with a Neutral. 4. Oncolytics (ONCY) initiated with a Buy at Roth Capital. 5. WWE (WWE) initiated with an Outperform at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
NKE Nike
$88.00

1.15 (1.32%)

08/27/19
NEED
08/27/19
NO CHANGE
Target $28
NEED
Buy
Caleres momentum to continue, says Needham
Needham analyst Rick Patel kept his Buy rating and $28 price target on Caleres (CAL) after its Q2 earnings beat and better than expected comps, saying its Famous Footwear brand has been benefiting from improving product assortment and Nike (NKE) brand availability in particular. The analyst notes that the trends have also continued to improve in quarter-to-date in Q3, with that momentum expected to continue in Q4. Patel adds that the softness in sandals experienced in Q2 will not last, while the new tariffs on footwear being phased in on September 1st and December 15th are already included in the company's 2019 guidance.
08/23/19
GUGG
08/23/19
NO CHANGE
Target $100
GUGG
Buy
Nike named a new Best Idea at Guggenheim
Guggenheim analyst Robert Drbul named Nike as a new Best Idea, telling investors that concerns over tariffs have pushed the stock to a compelling entry point. He keeps a Buy rating on Nike shares with a $100 price target.
08/07/19
STFL
08/07/19
NO CHANGE
STFL
G-III, Yeti have higher than average risk from List 4 tariffs, says Stifel
Stifel analyst Jim Duffy said the direct, unmitigated impact of a proposed 10% tariff on "List 4" goods imported from China is contained to a single digit percentage headwind to calendar 2020 earnings for most of the 18 Sports and Lifestyle Brands companies he covers, though he identified G-III Apparel (GIII), Yeti (YETI) and potentially Dick's Sporting Goods (DKS) as having higher than group average exposure to the risk. He awaits more tariff details before adjusting estimates, but said he is constructive on higher-end and globally diversified brands, such as Lululemon (LULU), Columbia Sportswear (COLM), Nike (NKE), Under Armour (UAA) and VF Corp. (VFC).
08/02/19
PIPR
08/02/19
NO CHANGE
PIPR
More tariffs could bring 'near-term pain' for retail margins, says Piper Jaffray
Piper Jaffray analyst Erinn Murphy revisited her views on the Global Lifestyle Brands group after President Trump announced a 10% tariff on all remaining goods coming from China starting September. In her group, Steven Madden (SHOO) and G-III Apparel (GIII) have the most direct incremental exposure to China. Her biggest concern, however, is that the tariffs come right into the back-to-school and holiday season. Goods have been priced and contracts for future orders have been inked, which presents "near-term pain" for gross margins as re-ticketing goods intra-season "can be tricky," Murphy tells investors in a research note. Retail stocks reacted aggressively on yesterday afternoon following Trump's tweet, which creates some opportunities, says Murphy. The analyst would be buyers of Under Armour (UAA), Nike (NKE) and VF Corp. (VFC). These names have diversified global footprints and lower than average exposure in China, she contends. On the flip side, if the Chinese consumer travels less, Ralph Lauren (RL), PVH Corp. (PVH), Tapestry (TPR), Capri Holdings (CPRI) and G-III could be hurt, cautions Murphy.

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CHWY

Chewy

$26.80

1.03 (4.00%)

04:55
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Pieris Pharmaceuticals

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