Chefs' Warehouse weakness ahead of earnings 'misplaced,' says Lake Street » 08:0307/2307/23/21
Lake Street analyst Ben…
Lake Street analyst Ben Klieve believes weakness in Chefs' Warehouse shares ahead of next week's Q2 earnings release is being driven by inflation concerns and fears of a pause in reopening, but he contends this weakness is "a mistake" and "misplaced." Given that he sees evidence of a strong recovery in foodservice sales, Klieve advocates building a position ahead of earnings and keeps a Buy rating and $40 price target on the shares.
Macy's call volume above normal and directionally bullish » 11:2507/2207/22/21
Bullish option flow…
Bullish option flow detected in Macy's with 21,051 calls trading, 1.3x expected, and implied vol increasing over 1 point to 63.00%. 7/23 weekly 18 calls and Aug-21 18.5 calls are the most active options, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 0.22. Earnings are expected on August 19th.
Crocs sues Walmart, Hobby Lobby, others, claiming trademark infringement » 07:2307/2207/22/21
Crocs (CROX) filed a…
Crocs (CROX) filed a lawsuit on July 12 against 21 retailers, manufacturers, and distributors -- including Walmart (WMT) and Hobby Lobby -- alleging trademark infringement of its signature clog shoes. In the suit, filed in the US District Court of Colorado, Crocs alleged that 21 businesses sold similar versions of its clogs at lower prices. The company "has suffered and will continue to suffer irreparable harm" to its reputation because of this, it said. "Given the virtually infinite number of different, non-infringing footwear styles in existence today, and which are available to other footwear companies, Crocs' competitors do not have any actual competitive need to use the Crocs 3D Marks in commerce," it added.
Land's End price target raised to $60 from $50 at Craig-Hallum » 08:5807/2107/21/21
Craig-Hallum analyst Alex…
Craig-Hallum analyst Alex Fuhrman raised the firm's price target on Land's End to $60 from $50 and keeps a Buy rating on the shares. The analyst notes that Lands' End "substantially" raised its guidance for Q2 and the full year. This continues a trend of significantly beating estimates and raising guidance that began last year, he adds.
Fly Intel: After-Hours Movers » 19:1107/2007/20/21
XM, CMG, ISRG, RXN, FOR, AVT, NFLX, LE, SNBR, AIR, UAL, LUMO, KRUS, FOUR, ADIL, NSA, SMSI
UP AFTER EARNINGS …
Land's End up 2.9% at $38.00 per share after raising Q2, FY21 guidance 16:3907/2007/20/21
Land's End raises FY21 EPS view to $1.27-$1.47 from 84c-$1.04 » 16:3907/2007/20/21
Two estimates 97c. …
Two estimates 97c. Raises FY21 revenue view to $1.67B-$1.71B from $1.61B-$1.65B, consensus $1.64B.
Land's End raises Q2 EPS view to 39c-43c from 5c-12, consensus 7c » 16:3707/2007/20/21
Raises Q2 revenue view to…
Raises Q2 revenue view to $380M-$385M from $345M-$355M, consensus $350.5M. CEO Jerome Griffith says: "Following our strong financial results in the first quarter, we are very pleased with our performance in the second quarter-to-date, with results tracking ahead of our expectations. Our strong topline momentum continues, driven by our global eCommerce business, as well as a faster than anticipated recovery in our Outfitters business, primarily in National Accounts and school uniforms. Our gross margin continues to benefit from our improved promotional strategies and enhanced data analytics capabilities contributing to exceptional growth in adjusted EBITDA compared to both last year and pre-pandemic 2019 levels. Given the strength in our business, we are increasing our guidance for both the second quarter and the full year, as we expect this momentum to continue into the back half of 2021."
Mister Car Wash initiated with a Buy at Jefferies » 07:5007/2007/20/21
Jefferies analyst Randal…
Jefferies analyst Randal Konik initiated coverage of Mister Car Wash (MCW) with a Buy rating and $30 price target. He calls Mister Car Wash "a star in a SaaS - Service as a Service - economy" as he believes its strong brand, growing store fleet, and leading membership program creates a flywheel that he likens to other consumer growth platforms he views favorably, such as Planet Fitness (PLNT), Konik tells investors.
Unusual put flow in option market yesterday » 07:3007/2007/20/21
Notable put activity was…
Notable put activity was cited Monday in Macy's (M).