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727300.0	2021-05-04 00:00:00 UTC	Denny's Corp (DENN) Q1 2021 Earnings Call Transcript	DENN	https://www.nasdaq.com/articles/dennys-corp-denn-q1-2021-earnings-call-transcript-2021-05-05	nan	nan	Image source: The Motley Fool. Denny's Corp (NASDAQ: DENN) Q1 2021 Earnings Call May 4, 2021, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q1 2021 Earnings Conference Call. [Operator Instructions] At this time, I'd like to turn the conference over to Mr. Curt Nichols, Vice President, Investor Relations and Financial Planning and Analysis. Please go ahead. 10 stocks we like better than Dennys When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Dennys wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis Thank you, Tony, and afternoon, everyone. Thank you for joining us for Denny's first quarter 2021earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer; Mark Wolfinger, Denny's President; and Robert Verostek, Denny's Executive Vice President and Chief Financial Officer. Please refer to our website investor.dennys.com to find our first quarter earnings press release along with the reconciliation of any non-GAAP financial measures mentioned on the call today. This call is being webcast and an archive of the webcast will be available on our site later today. John will begin today's call with a business update. Mark will then provide some comments on our restaurant capacities, our franchisees and development. And Robert will provide a recap of our first quarter financial results and current trends. After that, we'll open it up for questions. Before we begin, let me remind you that in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 the company knows that certain matters to be discussed by members of management during this call may constitute forward-looking statements. Management urges caution in considering its current trends and any outlook on earnings provided during this call such statements are subject to risk, uncertainties and other factors that may cause the actual performance of Denny's to be materially different from the performance indicated or implied by such statements. Such risks and factors are set forth in the company's most recent annual report on Form 10-K for the year ended December 30, 2020, and in any subsequent Forms 8-K and quarterly reports on Form 10-Q. With that, I will now turn the call over to John Miller, Denny's Chief Executive Officer. John C. Miller -- Chief Executive Officer Thank you, Curt, and good afternoon, everyone. I hope each of you have remained safe and healthy since we last shared an update on Denny's. And while the first quarter started off with uncertainty about the pace of reopenings due to expanding vaccine deployment, the easing of restrictions and federal stimulus, I'm happy to say that we are quickly approaching 2019 sales levels in April. I'm even more encouraged by the stickiness of our off-premise business as dining rooms have reopened. This is a testament to the hard work and dedication of our teams to balance near-term labor challenges, welcoming guests back into our dining safely and still maintain focus on growing our off-premise business. We remain focused on our four key guest-centric themes, reassurance, value, comfort and convenience, and I'll now touch briefly on each. As guests return to our restaurants, it is more important than ever that we ensure the health and safety of our teams and guests. We are committed to reassuring our guests that Denny's provides a safe dining experience by consistently executing our enhanced cleanliness and sanitation procedures at all consumer touch points. Our second area of focus is value. We understand that value comes in different forms and has a different meaning for each type of guest. We consider the -- our value approach to be a comprehensive balance between price, abundance, convenience and bundled value. Our third focus area is comfort. We strive to ensure that Denny's is a place where our guests feel welcome and valued. Whether dining with a large family or as a party of one, we believe our guests viewed dining experience for the time to build connections in an environment that is both inviting and comfortable. This is reflected in our new bowls and melts as well as our established Heritage restaurant image, which received consistently positive guest feedback largely due to its welcoming and relaxed feel. And additionally, even as we face hiring challenges, our operations team continues to reinforce the critical need for comfort by reminding our entire system of the rules we live by, including the expectations is that number one, everyone is welcome to dine at Denny's, number two, everyone is treated like our favorite guest, and number three, everyone is shown kindness and respect. And our final area of consumer focus is convenience. We believe guests will continue to expect technology to bring enhanced value to their dining experience, whether in our restaurants or through off-premise options at our well-established Denny's on Demand platform for our new virtual brands. We've been pleased with our ability to retain off-prem sales, which have been more than doubled since the start of the pandemic, even as dine-in transactions have evolved. Turning to virtual brands. I'm excited to say that we substantially completed our rollout of The Burger Den in April. This concept allows us to focus on one of our strengths great burgers, with new varieties using ingredients already in our pantry, and during testing, we established the success criteria of a sales $650 per week per restaurant. Results during the tests were encouraging and gave us the confidence to initiated national rollout of the brand. Robert will give more specifics on the performance of these restaurants. However, these transactions are highly incremental and leverage underutilized labor to maximize kitchen efficiency. And our second virtual concept called The Meltdown is a DoorDash exclusive brand that features handcrafted sandwich melts with fresh ingredients and unique flavor combinations. While this brand is able to utilize approximately 70% of the items currently in our pantry, our innovative culinary team has crafted new craveable products with premium ingredients, such as slow smoked brisket burnt ends. Test results have been similarly encouraging for The Meltdown and over half of our domestic locations will be launching during the second quarter. In fact, we've already launched over 175 locations and an additional 175 expected to launch this week. These brands provide opportunities not only a dinner and late night to leverage underutilized labor and kitchen space, but we are also seeing a meaningful number of transactions during the week versus the weekend. In closing, we are simply delighted to see the return of guest charge dining rooms. We are still the place where people can come in, sit down and connect with one another of a great food, but also place with a continued focus on the health and safety of our guests, employees and suppliers. With sales approaching pre-pandemic levels to launch of two new virtual brands, market share opportunities on the horizon and extraordinary group of franchisees and our exceptional Denny's team members, I'm very optimistic about the future of this brand. So, with that, I'll turn the call over to Mark Wolfinger, Denny's President, to discuss more about our franchisees and development. Mark? F. Mark Wolfinger -- President Thank you, John, and I want to add to your comments about our outstanding Denny's team and franchise system and I too look forward to what the brand can accomplish during the balance of this year. While we currently have 11 domestic restaurants that are temporarily closed, I'm very pleased to say that nearly all of our operating domestic restaurants have open dining rooms with an effective capacity of approximately 75%. This is very encouraging considering just two months ago, we had only 70% of our domestic restaurants with open dining rooms and an effective capacity of approximately 45%. We experienced slight improvement in our 24/7 operations during the quarter. However, we still only have approximately one third of our domestic franchise restaurants operating 24 hours a day, 7 days a week. As John mentioned, we are facing labor availability challenges and this is the primary headwind for Denny's franchisees from opening at late night. So since our franchisees with the estimated 20,000 employees that need to be hired, we've engaged with a vendor that will enhance our online recruiting, allowing the course to open positions on our career website in order to provide greater visibility to potential applicants. Additionally, we will be hosting a national hiring event in June, that's next month. We believe these staffing challenges are temporary and we are confident in our ability to reestablish our historical position as America's 24-hour diners. Turning to development, franchisees open three restaurants during the quarter, including two international restaurants. Additionally, franchisees closed four restaurants during the quarter, yielding a net decline of only one restaurant, bringing our total number of restaurants to 1,649 locations. This deceleration and measurement declines underscores the confidence and future opportunities our franchisees see within the brand. I would now like to take a few moments to update you on the health of our franchise system. With off-premise sales remaining strong even as dining rooms reopen, we are very pleased to see franchisee profitability continue to improve. In the month of April, over 80% of our domestic franchise restaurants exceeded the 70% of 2019 sales threshold required to cover both fixed and variable costs in over 40% of the domestic system generated positive sales. We are also currently supporting our franchisees in their efforts to secure fundings in the second round of PPP and the restaurant revitalization fund. Franchisees representing approximately 98% of the domestic franchise restaurants that imply the second round of PPP, and approximately 60% of those restaurants have received funding to date. Improving sales, additional federal stimulus available to franchisees and the net decline of only one restaurant during the first quarter gives us confidence in our franchise system's ability to prevail and emerge on the other side of the pandemic more focused and driven than ever. We look forward to seeing this historic recovery unfold and returning to net restaurant growth in the future backed by our existing domestic and international development commitments, including over 75 commitments from our recently completed refranchising strategy. Additionally, while we do not celebrate the disproportionate impact of closures to small chains and independent restaurants, we do believe it will present an opportunity to capture additional market share and convert vacated space into Denny's locations as we move through 2021 and beyond. We have a proven record of converting existing spaces into Denny's locations. In the last 10 years, approximately 60% of our openings have been conversions. These less capital-intensive opportunities provide enhanced ROIs for franchisees, and our experienced development teams is already assessing the landscape for future Denny's locations. I'll now turn the call to Robert Verostek, Denny's Chief Financial Officer to discuss the quarterly performance. Robert? Robert P. Verostek -- Executive Vice President, Chief Financial Officer Thank you, Mark, and good afternoon, everyone. I would now like to share a brief review of our first quarter results and current trends. As a reminder, I will be comparing our 2021 domestic systemwide same-store sales to 2019 as we believe this comparison will provide a more consistent and informative representation of our recovery. Additionally, we will continue our standard practice of comparing to the 2020 prior year in our press release. Domestic systemwide same-store sales during the first quarter declined 20% compared to 2019. We experienced sequential improvement on a monthly basis during the first quarter as stay-at-home orders and capacity restrictions began to ease. While transactions are steadily improving with only slight pricing, we are seeing higher check mostly from mix changes. Specifically, we streamlined our $2 $4 $6 $8 Menu and are seeing trades into more lunch and dinner items. However, California where approximately 25% of our domestic restaurants are located was restricted to off-premise only through the middle of fiscal March. Consequently, California restaurants weighed on the total domestic systemwide same-store sales result by approximately 6 percentage point during the first quarter. Same-store sales at domestic restaurants operating with open dining rooms of various capacities declined approximately 11% during the first quarter compared to a decline of approximately 42% at those domestic restaurants operating with closed dining rooms. These results were heavily weighted toward January and February prior to the easing of restrictions. In addition to the weight of government-imposed restrictions on our business, we have also discussed the impact of stores operating with limited hours during the pandemic. As Mark mentioned, the availability of labor continues to challenge our path toward 24-hour operation, with only one-third of our domestic restaurants opened 24/7. Domestic restaurants which were open 24-hours in the first quarter had a same-store sales decline of approximately 10% versus 2019 compared to a decline of approximately 27% at domestic restaurants operating with limited hours. We estimate that our overall same-store sales results in Q1 were impacted by approximately 8 to 10 percentage points from restaurants operating with limited hours. With that being said, the easing of dine-in restrictions coupled with the fiscal stimulus and rollout of our two new virtual brands yielded preliminary April same-store sales results within 2 percentage points of pre-pandemic sales levels. We were also encouraged that preliminary sales results for April increased 11% for the 565 restaurants operating 24-hours with open dining rooms. I want to spend a few moments providing more detail on the launch of our virtual brand. As John mentioned, these transactions are highly incremental and leverage underutilized labor to maximize kitchen efficiency. In fact, approximately 70% of transactions from The Burger Den occurred during the dinner and late-night dayparts compared to approximately 35% of transactions for the Denny's based brand. Not only are we leveraging underutilized dayparts but The Burger Den also over indexes during the weekdays compared to the Denny's based brand, providing additional opportunities to leverage underutilized labor. Approximately 75% of The Burger Den transactions occurred during the weekday compared to approximately 65% from the Denny's based brand. Over 1,100 locations are live with The Burger Den with an average check similar to Denny's off-premise transactions. These locations are generating average weekly sales per restaurant of approximately $900. While these transactions being highly incremental and over-indexing at dinner and late-night compared to Denny's base brand off-premise sales, margins range from the mid 20% to low 30% after considering product cost for delivery, fees and labor efficiencies. Now turning to our first quarter results, franchise and license revenue decreased 13.6% to $47.0 million compared to the impact of COVID-19 on sales at franchise restaurants and fewer equivalent units. Franchise operating margin was $23.2 million or 49.5% of franchise and license revenue compared to $25.2 million or 46.4% in the prior year quarter. This decrease in margin dollars was primarily due to the impact of COVID-19 on sales and fewer equivalent units, partially offset by abatements and bad debt expense recorded in the prior year quarter. Company restaurant sales of $33.6 million were down 20.6% due to the impact of the pandemic on sales and fewer equivalent units. Company restaurant operating margin was $3.4 million or 10.1% compared to $6.2 million or 14.6% in the prior year quarter. This change in margin was primarily due to the impact of the COVID-19 pandemic on sales and fewer equivalent units. Total general and administrative expenses were $16.9 million compared to $7.7 million in the prior-year quarter. This change was due primarily to an increase in share-based compensation expense and market valuation changes and our deferred compensation plan liabilities, both of which are non-cash items and do not impact adjusted EBITDA. As a reminder, in the prior year quarter, we reversed a meaningful amount of expense related to both our short-term and long-term incentive compensation plans given the uncertainty of both the duration and magnitude of the pandemic. These increases were partially offset by a $900,000 decrease in corporate administrative expenses, primarily due to cost savings initiatives implemented after the start of the pandemic. We estimate that approximately $3.5 million of permanent annualized savings have been realized over the last 12 months, which is reflected in this improvement. These results collectively contributed to adjusted EBITDA of $11.8 million. The provision for income taxes was $8.1 million, yielding an effective income tax rate of 25.9%. Adjusted net income per share was $0.01 compared to adjusted net income per share of $0.17 in the prior year quarter. I am very pleased to say that during the first quarter we generated our highest adjusted free cash flow of $5.2 million since the beginning of the pandemic, bringing in a significant portion of every adjusted EBITDA dollar to the bottom line. And our adjusted free cash flow was cash capital expenditures, which included maintenance capital of $1.6 million compared to $2.8 million in the prior-year quarter. We ended the quarter with approximately $230 million of debt -- total debt outstanding, including $215 million under our credit facility. After considering cash on hand, the remaining capacity under our credit facility and current liquidity covenants, we had approximately $87 million of total available liquidity at the end of the first quarter. The pandemic has certainly affirmed for us the value of a conservative leverage philosophy. Prior to the pandemic, we would have targeted longer term leverage somewhere between 3 times and 4 times adjusted EBITDA. However, we are currently more comfortable with a range of between 2 times and 3 times. As such, subsequent to the end of the first quarter, we paid down an additional $15 million on our revolving credit facility, bringing our current outstanding balance to $200 million. Turning to our business outlook, given the dynamic and evolving impact of the COVID-19 pandemic on our operations and uncertainty about the timing and extent of our anticipated recovery, we cannot reasonably provide a business outlook for the fiscal year ending December 29, 2021 at this time. As we work to overcome near-term staffing challenges and return more stores to 24/7 operations, we are optimistic about building upon our ongoing sales trends. With that said, cost associated with recruiting, hiring and training new employees may proceed additional sales growth, and as a consequence, could have a temporary impact on margins. Additionally, excluding deferred comp -- the deferred compensation valuation adjustments, which move with the market, for the second quarter, we expect our core G&A corporate incentive compensation and core based -- and share-based, sorry, and share-based compensation will be in line with Q1 results. As a reminder, on December 15, 2020, we entered into the third amendment to our existing credit facility. This reduced the revolver commitment to $375 million and has an additional step down to $350 million on the first day of the third quarter of 2021. Financial maintenance covenants are waived through the first quarter of 2021 followed by the introduction of more favorable covenant levels in the second and third quarters of 2021. Under the amendment, capital expenditures are restricted to $12 million from mid-May 2020 through the third quarter of 2021. We have utilized approximately $4 million through the first quarter with an additional $8 million available. Additionally, we are prohibited from paying dividends, making stock repurchases and other general investments until we deliver our third quarter results. Therefore, we intend to deploy cash toward paying down our revolver as we continue to enhance our overall liquidity position. We look forward to emerging from these constraints during the fourth quarter and continuing our long-standing practice of returning capital to shareholders, while also investing in the business. Finally, I want to mention how proud I am of our franchisees and the entire Denny's team, who have remained focused on safely serving our guests, whether dine-in or off-premise, while continuously managing business cost to support Denny's post-pandemic recovery. In doing so, we have and will continue to leverage the strength of our asset-light business model and fortify balance sheet to ensure the success of our dedicated franchisees and this brand. That wraps up our prepared remarks. I will now turn the call over to the operator to begin the Q&A portion of our call. Questions and Answers: Operator Thank you. [Operator Instructions] We'll take our first question from James Rutherford from Stephens, Inc. Please go ahead. James Rutherford -- Stephens Inc. -- Analyst Hey, thanks for taking the questions and congrats on the improvement, especially here in April. That's really impressive. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Thanks, James. James Rutherford -- Stephens Inc. -- Analyst I want to do,, yeah, I wanted to ask about the -- I think I've heard comment that virtual brands are running in the mid-20s to low-30s margin. I just wanted to ask a clarification on that, whether that includes the delivery fees? And then as a broader question on the virtual brand, how are you marketing those today and what level of marketing investment do you think is necessary to sustain those for the long term? Robert P. Verostek -- Executive Vice President, Chief Financial Officer Hey, James. I'll start. This is Robert. So with regard to that clarifying question, I can tell you that the mid-20s to low-30s does include the impact from the fees related to that. So it's inclusive of that and it does leverage that underutilized labor that we're talking about as it is focused -- it has a focus into those dinner and late-night dayparts where we typically seek to have some traffic gains. I'll pass it over to John for the marketing question. John C. Miller -- Chief Executive Officer Hey, James. It's a great question. The marketing brand advisory council with our franchisee association Chair who used to work on the corporate side, Sam Wilensky, he leads the marketing brand advisory council and he worked with our Chief Brand Officer, John Dillon and those are kinds of topics that come up. We want to build equity, deep equities in our brand for quality food and move somewhere along these channels, but there are some that sort of may resist family dining, that's a category they skipped or they just are experimental and when they go online to DoorDash and other outlets, they're looking for something new and interesting and they have fatigue from being at home during COVID. And so there is going to be a high trial period where people are exploring new brands. So we think we've got the balance just right here of promoting these two virtual brands, where it is disclosed that they're prepared by Denny's, but it's sort of a soft touch and it's not the headline, but it's there if you're looking for it. And so, we're using the Denny's brand-building fund. These are sales that are generated through Denny's and through social media and other ways we are promoting these brands mildly. The Meltdown is through DoorDash only and so they're sort of assisting in that launch by being exclusive on the front side. And then over time, we believe, even with our melt promotion going on in the core brand Denny's right now that some of these things can show up in our menu and build core equities to the brand, both as a virtual brands in inside Denny's at the same time. James Rutherford -- Stephens Inc. -- Analyst That's helpful. And then on the 11% positive comp for the restaurants opened 24/7 in April, do you feel like that kind of a result will be replicated by the rest of the system when they open 24/7 or is it something unique about those? And then as how long do you think that you can kind of sustain that sort of level of sales? Thank you. John C. Miller -- Chief Executive Officer Sure. Well, obviously, it's so early to guide. We're feeling our way through where we are. It is very promising. We're pleased with that third shows like it does. The pace at which we can staff will be the challenge. And so as staffing challenges abate and the ability to cover those shifts more fully and open, expand those areas, we expect them to become obviously -- it's a capacity issue, you'd become a lot more positive. We're also pleased to see this higher trial period with people used to being at home after five and ordering to go after five, a daypart that has not -- doesn't have these equities in our positioning the trial going on in both [Technical Issue] it is that their staff been available to do that and the guest is giving a good experience. So, both from a culinary expectation and an availability of capacity expectation, it does look promising. It's too early to guide how the whole system will perform. James Rutherford -- Stephens Inc. -- Analyst Okay. Appreciate those thoughts. Thank you. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Thanks, James. Operator Thank you. We'll take our next question from Nick Setyan with Wedbush Securities. Please go ahead. Nick Setyan -- Wedbush Securities -- Analyst Thank you. Good to see April trends almost in line with pre-COVID levels. Obviously, we were going to refranchise in 2019 and post refranchising there was an expectation of the company on margins should be closer to 18% with sales back to pre-COVID levels are substantially there. How should we think about margins in a post-COVID world, company own margin specifically? Robert P. Verostek -- Executive Vice President, Chief Financial Officer Yeah. Hey, Nick. This is Robert. Good to hear your voice. So, yeah, you are correct that during the refranchising process of 2019, we did talk about those 18% to 19% margins. Handful of puts and takes right now with regard to that. So the first kind of the on to the good side would be that we are experiencing mixed benefits, more dinner and -- dinner and late-night plates being sold, moving away from some of that value we're seeing that yes through -- come through mix benefits. So check is up, but not through really through pricing, but more through that mix. So we'll need to understand how that evolves as we move through the pandemic. We don't have crystal clarity on that. The other kind of puts and takes there, we do have commodity inflation. Historically, we would tell you that that's between 1% and 3%. We priced through that pretty efficiently, historically. Again, not too many surprises there although again not looking to guide on that point. Labor is one of those areas that will have those give and a take in it. With regard to that, the benefit would be the leveraging these underutilized dayparts with these virtual brands and driving traffic into these dinner and late-night dayparts. That's just a gaining that leveraging of efficiency, just putting more traffic through there. Conversely, in the short term, as we mentioned, there will be that the cost of restaffing these units, getting them up to speed, John just talked about the need to staff our -- to get to 24/7. Mark talked about our June staffing initiative, our staff up day. So that'll be a near-term hit. And then you have the administration talking about minimum wage increases, which will provide a -- that we will be dealing with on a longer term timeframe. Packaging, we are very pleased to see that the off-premise is holding the -- even as we've moved into April, I think looking at the chart Slide 11 in the investor deck about $9,000 to $10,000 still of off-premise sales, which was very similar to what we were seeing throughout the pandemic. So that's holding. That comes with an increased cost that will weigh on margins, although rate margins although penny properties definitely benefited from those. And that doesn't even account all of the various initiatives that we worked through over the course of the pandemic. Our op services group was finding various ways to save money. We saved some meaningful amount on the waste line which would be offset to commodity. So there's a lot of puts and takes right now that we're dealing with that, we don't have perfect clarity toward that we look to gain clarity and be able to ultimately reguide. But I think the best I can give you is to give you a sense of how we're thinking about the various components. Nick Setyan -- Wedbush Securities -- Analyst That's very helpful. April, can you maybe talk how April trends progressed? I guess what I'm trying to ask is, did we exit April in positive territory? Robert P. Verostek -- Executive Vice President, Chief Financial Officer So I think we were talking about down two -- so two points to the pre-pandemic level, April's pretty choppy. Nick, I wouldn't give you as much insight as you think because we're rolling over a two-week between 2019 and 2021, a two-week kind of offset in the way Easter spring break rolled out. So there's been some choppiness in the way April kind of progressed. So I don't think -- that's why we didn't give it and its probably not as helpful as you might think at this point. Nick Setyan -- Wedbush Securities -- Analyst Okay, OK. And then on G&A, any -- I guess for the year and appreciate in the Q2 commentary, for the year how should do we think about G&A? Robert P. Verostek -- Executive Vice President, Chief Financial Officer Yeah. So what we did speak to, again, is we said pretty much Q2 would look a lot like Q1. We did capture -- if you go and look at the chart on Slide 33 in the investor deck, we talked about the permanent cost reductions that we captured from the refranchising of approximately $7 million. We talked about on that chart $7 million of pandemic savings of which we, in my script, we talked about half of that being permanent. So, while we were really kind of comfortable giving that next quarter, but not really calling it out too far into the future. Again, a little tough. We will speak to you about ramp-ups there and when things begin to move around and we start moving around the country. Again, not trying to be coy, but we really want to focus on the next quarter. Nick Setyan -- Wedbush Securities -- Analyst Okay. Thank you very much. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Thanks, Nick. Operator Thank you. We'll now take our next question from Todd Brooks from CL King & Associates. Please go ahead. Todd Brooks -- C.L. King & Associates -- Analyst Hey, good afternoon, everybody. Congratulations on the bounce back here. Great to see. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Yeah, thanks, Todd. Todd Brooks -- C.L. King & Associates -- Analyst If -- and not putting a clock on you guys for when you get there. If you look at franchise volumes in that 1.6 to 1.7 range in fiscal '19 pre-pandemic. Where would you guys looking to build back to as far as how much off-premise are you hoping to retain if we take -- what looks like the incrementality of the virtual brands, would Denny's come out of the pandemic looking like relative to what it went in without burdening it on specific year. John C. Miller -- Chief Executive Officer Yes, so those are great questions, John. I think from a brand and its relationship with the consumer, I'll speak at 30,000 feet for just a second. Our goal is to sort of be that home away from home, America's Diner with four active productive dayparts to do different things for consumers, but in the same neighborhood. So you got breakfast and then you got weekend breakfast. You have lunch, and weekend lunch. You have dinner and the weekends and then you have late night. And all four do slightly different things. We're trying to -- where the last eight or nine years, we focused on the foundational appeal of the environment, getting the service model right for breakfast and lunch. We invested in pancakes and fresh buttermilk and put in a better burger program and better shakes, and a few things expanded our almond line, put in some value propositions to share some frequency on the weekends. And so we've built some positive momentum basically focused on 1.5 dayparts. And so now, our goal is to transform the brand to build deep equities and credibility for all four dayparts as a diner. And I think to unload unlock traffic building potential in all four dayparts is the goal. When and how fast we get there is just hard to guide from where we stand right here post-pandemic at the end of Q1. But I would like to be able to continue to provide more color on that very question. We're not quite ready to answer your question specifically, but my view is the upside potential compared to other marketplace evidences of smaller brands with less buying power and advertising capabilities. Once we get our momentum toward these things, much like we did over the last several years on breakfast and lunch, I think we can really unlock some power in this brand. Todd Brooks -- C.L. King & Associates -- Analyst Okay, great. Thanks, John. And then the second question I have is around the labor availability standpoint. I guess, understanding it was highlighted from not being able to reopen many more stores in the 24/7 model. I guess, two questions. One is it a current pinch for operations at all? Is it requiring any kind of overtime or labor inefficiency to service the spike in demand that you've seen over the course of late March into April? And secondly is the expectation that this is fairly transitory and when we get to September and the expiration of the enhanced benefits that you're expecting to see the market really hopefully ease and that you can really start to make a push against the 24/7 reopenings. Thanks. John C. Miller -- Chief Executive Officer I think that's exactly right. What you just described is exactly what's going on. We have a broad array of circumstantial or situational headwinds depending on the area of the store, the strength of the general manager, see manager is cooking in late-night shifts to cover. Some of those say like I can't do until I get staff. I can invest in a daytime cook until I can convert into a night time, so let's limit those hours for now really ready. I don't want to abuse the guests. Some say let's try it and guests' complaints go up a little bit, so they pullback. So there are some overtime consequences or not. It's sort of all over the map. We do think some have the view that it will mitigate earlier than September as people see back-to-school is not normally a strong hiring period for full service if people won't want to wake up last minute to grab one of those cook or serve jobs. Others say wait till a few weeks after it expires before you'll see people highly motivated. It's hard to know. We -- because we have a third of the system already there, yes, that's two-thirds missing, but -- and because of their outperformance the rest of system, our franchisees are highly motivated to move in that direction as soon as they're able. So we do think this will pass in due time. And I don't know if you had a P&L or modeling-related question for Robert or no, just if I answered it. Todd Brooks -- C.L. King & Associates -- Analyst No, it's really just operational pinch now as people are scrambling to get through the restaurant level and then it was kind of a view into when you thought it might mitigated. So that was great. Thanks. Operator Thank you. And then move on to our next question from Michael Tamas with Oppenheimer and Company. Please go ahead. Michael Tamas -- Oppenheimer and Company -- Analyst Hi, thanks. Hope everybody is doing well. John C. Miller -- Chief Executive Officer Hey, Mike. Michael Tamas -- Oppenheimer and Company -- Analyst When I look -- hey, guys. When I look across the system in April and just kind of focus on the sales volumes that you disclosed for on-premise and compare that to April of 2019. The math roughly says that you're doing a little bit better than the capacity of 75% would have implied on-premise. Just wondering is that fairly accurate? And then what do you think that is? It seems to be a common theme we're seeing across restaurants. How do you think you're able to sort of generate higher sales and what your capacity on-premise against separating the off-premise from that? John C. Miller -- Chief Executive Officer Yeah. So I think that's in sort of the funding flow of a week. All dayparts are not equal. So a Monday night, whether it's 25% capacity or 100% capacity, you probably need 13% of your total capacity to be even with 2019. That was a made up number but for illustration. So -- but whereas on the other hand, when you had only 75% on Saturday from 10 to 2, you're still compromised in the number of people you can share. So throughout the course of Q1, you have until late in the quarter California is still not open. So it's a real tricky set of math to figure out exactly a 45% capacity for the whole quarter is a funding number. It's -- you have to apply it to where the dayparts are the busiest. You have to see the third-parties really helped after five and late-night and then we have to see how our footprint is sort of overweight toward states that we've had compared to most national chains. They have a higher percentage of our total footprint in more restricted areas. So it's -- I think that helps to answer it. And if you turn to the earnings release, I think sort of there is a table in there that really helps. It's to explain some of how that unfolds. I've probably added confusion instead of clarity, but I'm not sure. Michael Tamas -- Oppenheimer and Company -- Analyst No, no, no problem at all. And then just on the unit closures, they were really low and they were great to see in the first quarter. Just wondering, is there any update that you guys have in terms of where you think that ultimately shakes out? Was that just sort of a timing in the first quarter or has the sales boost that we've seen recently help the unit economics to the point where maybe some of those closures that were on the table are no longer on the table? Thanks. F. Mark Wolfinger -- President Michael, hi. It's Mark. I'll try to address your question here. I think first of all just to repeat the number and you dive in on as we have four closures and in first quarter we opened three stores. So, the net loss was 1 unit. We obviously like anybody else, we went back in history. If I take a look at that and that's actually the lowest closure number. We had in the last eight years in Q1. We actually closed 16 in Q1 of 2020, so that was last year. And if you recall, we closed 73 stores in total during 2020. At this point, obviously, we haven't given any guidance or outlook toward closures. Certainly part of that, we believe, although obviously there's not a lot of data to prove it, but certainly a lot of that is the fact that the number of closures were hit last year 73 that's a double in normal year for us, first comment. Second comments obviously we're in round two of the PPP support and other type of government support programs which have worked very well for our franchise system. We talked about nearly 100% of our franchisees received around one to PPP. Around two PPP is close to finishing, but it's not entirely finished yet. So clearly that's an encouraging part and perhaps it led to only four closures in Q1. But I would tell you again, just as a matter of recall, last year, you'll remember that the 73 closures, about 67 of those were low volume and really much the same pattern of the four that we closed, which were all domestic closures, but those four were low volume, the lower volume side as well. So again like to give you clear guidance can at this point perhaps sometime in the future quarters, but it gives you a little bit of commentary behind the closure number. Michael Tamas -- Oppenheimer and Company -- Analyst Yeah, make sense. Thank you very much. John C. Miller -- Chief Executive Officer I might also add real quick that we completed our April meeting with our franchisees in the first time we were together live since February of last year, and the positive outlook among both our vendor community and our franchisees it was quite positive enthusiastic about our strategic initiatives and our direction of the brand. So I think there is a desire to sort of hold on to locations, but again that's not guidance as much as it is sort of the sentiment of our system. Michael Tamas -- Oppenheimer and Company -- Analyst Thanks again. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Thanks, Michael. Operator Thank you. We'll take our next question from Jake Bartlett with Truist Securities. Jake Bartlett -- Truist Securities -- Analyst Great. Thanks for taking the question. My first was on the off-premise sales and just looking at the chart that you referenced, it's just pretty impressive to see March and April off-premise sales remaining high as the on-premise your sales are increasing so much. And I'm just wondering, whether there's anything particular you did to support the off-premise sales as we're moving, as restrictions or anything like special offers or not. And then maybe in answering that question, where if -- you have any idea or any expectation of where off-premise sales could really settle out? Robert P. Verostek -- Executive Vice President, Chief Financial Officer Hey, yeah. This is Robert. So, yeah, it is an impressive chart. We are very pleased with that chart actually, Jake. So with regard to, was there any promotional activity, I was looking over at Curt. We believe that there was a two-week strength in there, where we had a free delivery program going on in there, but nothing completely out of the norm for the way that we've run that segment of our business over the last year. So nothing that would be propping that up significantly is online or on-premise transactions came back. So again that's still a very encouraging results there. So the other part of your question, I'm sorry, was -- where that will eventually cap out, that's the million-dollar question, right. It's -- because we are not back to a complement of a 100% of our units opened completely. So what I can tell you and this was some interesting information that we've captured here over the last little bit is the way some of the segments have moved. So our boomers -- interestingly, we thought that that may have been an area of concern, but on a percentage basis of our transactions, they actually held up quite well over the pandemic timeframe. This is information and some consumer insight the information that we receive that they held on. And largely was some of the insight that we captured was they were less impacted by things such as furloughs in requiring a job. So, in large part, they've come through. We believe that they will move back in more aggressively to on-prem dining as they become more and more vaccinated. So there is an upside there. Conversely, the area that we thought maybe less susceptible to the pandemic itself actually in our insight, consumer insight, the millennial group actually trail. They were -- as compared to the boomers, they actually were impacted by job reductions furloughs and in losing jobs. So they were -- as a percentage of our makeup, they actually trails slightly. They are now coming back. They are utilizing that the off-prem. Again, if you think about how we talked about off-prem historically, on-prem dining was predominant to boomers or when we looked at that chart from kind of left to right, younger to older on-prem skewed older, off-prem skewed younger. It's moving back toward that. But again, I thought that was pretty interesting information. All that to say is, we're still working through that, right. Again not trying to be coy here either. We just don't know where that's going to land. We are very optimistic. Again, if you think about the virtual brands, particularly, The Burger Den that I gave details on 11,00 units with $900 a week per unit in sales. We are very encouraged by that. We are very encouraged by what we're seeing on the chart here on Slide 11. But again, just don't know where to guide that -- where that will ultimately fall out. Just want to convey some optimism here. Jake Bartlett -- Truist Securities -- Analyst Got it. No, I appreciate it. Would have been impressive if actually knew the answer to that question. But my next question is about -- I mean there's some particular forces at work here, maybe the 24/7 operations that are limiting sales versus what we're hearing from a number of other casual dining concepts. I'm wondering also whether the exposure to breakfast, whether that is still a meaningful drag versus kind of the concepts that don't rely on breakfast and how would you frame how breakfast sales have been trending as we've started to open up here? John C. Miller -- Chief Executive Officer So, this is John again. Right now -- and again, it varies by operating hours. So, as we've improved sales, breakfast looks good because we're helping breakfast, and dayparts actually performed pretty well for us year-to-date. It's our best performing -- weekend breakfast are best performing daypart overall. This where we have the deepest equities. And then of course with virtual brands, dinner late-night has done really well. So it's a great question. But so far what I'd say is the more people want to do breakfast and all the complication of managing and all the day menu with the breakfast go ahead and give it a go and go loud on air and advertise it and you will help us out quite a bit. You're selling some of our breakfast. We were happy to see these initiatives unfold. Jake Bartlett -- Truist Securities -- Analyst Great, great. And just last question on the labor piece and I understand there's pressures now and you're anxious to get people hired. Does that have a long tail effect, meaning if you have to -- or maybe one question how you're tracking those people? If it's purely higher wages, I guess you can't lower the wages when the market eases. But how do you think this is really a longer term impact on the big near-term pressure that we're seeing now? Robert P. Verostek -- Executive Vice President, Chief Financial Officer Jake, it's Robert again. I would say that we will work through this. I don't think that in large part, it has been salary or wages that has been the issue at getting staffed at this point in time. We just can't even really find the the individuals to interview currently. So as Mark spoke too, we will have a hiring day in June. We have deployed additional recruiters and consultants to help the franchisee staff. So I'm not sure that its the wage issue to hand this. The near-term will be the staffing up the training and all that. We'll work through that. Candidly in the current periods across both the company and franchise, we're running less labor than what we would like. So the labor line is actually probably leveraging more than what we would even care for. But longer term, I think it's the question really is beyond what the pandemic will bring, but the general approach to how wages and minimum wages will evolve. And we do believe that in a moderate increase in minimum wage in a tempered way. So we'll look at that and we'll continue to focus upon that and work through that to understand how that will impact us, but I think that's the bigger influence than what the longer term pandemic will throw at us. Jake Bartlett -- Truist Securities -- Analyst Got it. Makes sense. Appreciated. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Thanks, Jake. Operator Thank you. And your next from Jon Tower with Wells Fargo. Jon Tower -- Wells Fargo Securities -- Analyst Great, thanks. I guess I'll jump around maybe into the cost side of the equation and the model first digging in there, if I may. It looks like some of the franchise occupancy costs have kind of leveled out here and below where you've been trending at least in late 2019 and early 2020 and even some of the direct costs which might be -- maybe it was tied to bad debt expense. I'm curious if you could help us think about particularly the occupancy side where that could settle out over time? That's my first question. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Hey, Jon. This is Robert. So when you think about our portfolio of real estate that we own and then we sublease to franchisees, we have about 82 units that we own. I believe about 68 of those sit under the franchise units. And then we have another 220 or so that -- but that we are on the master lease and sublease to our franchisees. What's happening there and it's a very -- pretty consistent pattern, we roll off about 20 of those leases every year, 20 to 25 of those leases. So you'll lose the corresponding revenue and the corresponding occupancy expense on the franchise P&L. So, those kind of work in concert. Over 2020 what you're working with various deferrals that we had put in place. So that'll make that year look pretty choppy. The franchise margin itself year-over-year is a function of the deferrals that we made and the corresponding assumptions that we made around bad debt. With regard to those, I think there is a $1.5 million will leave that we put on over the course of 2020 related to those deferrals. And as we have moved into 2021 and those deferrals have begun to be repaid, we can roll off some of that bad debt expense that we have put up. So there -- I think there is a $250,000 margin improvement for the bad debt expense that we have rolled off in the current quarter for debt we had booked in the prior year. So a lot of moving pieces in there, but isolated to the occupancy expense, nothing overly dramatic other than the general peel off of about 10% of those master leases every year, the subleases that we are on the master. Jon Tower -- Wells Fargo Securities -- Analyst Okay, yeah. I'm just trying to figure out in terms of thinking about that franchise profit line going forward and the margin percentage, I guess, I mean it does seem like an ability to get back to say 2019 levels is not out of the question at all anytime soon. I think that's 48 8 in '19, if I'm not mistaken. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Yeah. The other piece that we're just talking about it in the room too, another complicating factor is the way the marketing is flowing through there, because of the way rev rec came in on a lower base of advertising dollars that were collected last year and into this year. It makes the margin percent look higher. So it moves back to a more permanent full level of collections of royalties and advertising that may put some pressure on that. Again, the advertising is dollar cost neutral, but it makes that rate look pretty funky. Prior to rev rec, our EBITDA franchise margins were 80%. So again, the movement within that advertising line can make that look pretty odd from time, so. Jon Tower -- Wells Fargo Securities -- Analyst Okay. And then just thinking about the cost side of the equation of the virtual brands, obviously, you know exactly where sales will settle out. It is challenging. It sounds like you have some great success early on, which is great. But in terms of thinking about particularly late-night, what sort of incremental costs might need to come in as those sales grow? I mean maybe you need another cook in the kitchen and perhaps supplies, but is that 20% to 30% or so incremental margin that you're seeing on these transactions with all the fees today, is there an ability see that move higher over time or there's some governors in place that will keep that kind of in check? John C. Miller -- Chief Executive Officer Yeah. There is no governor per se, just a traditional fixed variable model. So labor will come, you get more labor for all the transactions you get as fundamentally held restaurant scheduling works being no exception. So the more transactions for bid a check, the more labor we'd be allocated. So the more transactions that come in during a soft daypart, the more leverage you get, net margin could get -- could improve. And then a stair chefs, when you finally sort of reached the threshold another cook, it may step down for a moment, but is still incremental pennies in all cases. The fact that it's highly incremental. We like the idea of having a couple of virtual brands around, things are complementary to the station and the complexity a lot of cook sort of has to learn and manage. So they are not really operating multiple brands within the brand. They are the kinds of things that we sell and sort out in our wheelhouse so to speak. So in that sense, they're incremental, no matter what. I understand you're trying to get some precision around the model. What's the fixed variable model here on virtual brands and so that's the complicating -- these are new and therefore complicated. But I think over time they'll prove not to be and you treat them in the near term, I think, like any to go transaction, whether there again zero virtual transaction, they are to go. They are not as profitable as dine-in, but they're profitable and beneficial and incremental. I don't know, Robert, if you want to add anything to the margin side.. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Yeah, John. With regard to that, Jon, I would suggest that -- we've called it out previously that the Denny's on Demand transactions things from the base brand run high-teens to mid-'20s with regard to margin, we called out the mid-20s to low-30s with regard to the virtual brands. In that, we did take into account the fact that we are leveraging dayparts where the labor has not been the most efficiently deployed for us. We have to have cooks on the line regardless of the number of people that come into the units. So that is the differential. So, in large part, we've accounted for that underutilized, if capturing the efficiency of that underutilized in that 20% to low 30% range. Jon Tower -- Wells Fargo Securities -- Analyst Got it. No, I appreciate that color. And then lastly just kind of following up to some of the units conversation earlier. I think we've talked a little bit about the closure piece of it, but I'm curious more on the opening side. Mark, I think in the prepared remarks talked about the idea. Yeah, there are some units coming out, there are some stores, perhaps on the conversion side that might be out there and something. Have you started having conversation to franchisees about an appetite picking up for reaccelerating unit growth or is it still kind of too early in the recovery phase for those discussions to be taking place? F. Mark Wolfinger -- President I'm going to answer the question in two pieces and maybe John will jump in here as well. I mean just come off the conference you referenced with the franchisee. So, Jon it is early still, but at the same time, as I mentioned, all of the assistance has come obviously in the two rounds of PPP and the fact that obviously we've seen is, sales turnaround that we discussed, both in the month of March, but also April specifically. You can imagine out there the energy is really building in our franchise system. And as we've said before, we're really over the last decade as far as new unit openings we're really pretty much a conversion machine as a brand. And I think we've talked about the fact that nearly 60% of our new unit openings over the last decade have really been conversions of an existing building. So we know there's a lot of real estate out there, there's a lot of opportunity, interest rates are still low. There's a lot of flexibility in landlords and we've got a brand and a franchise system that is building in a dynamic way as we go through this recovery. So not a specific answer to your question, but it's just more of the delimit I think of what we're seeing. John? John C. Miller -- Chief Executive Officer Yeah. And I agree that the only thing I'd add is, you remember in March script that we talked about, he said over 75 of these development members came from refranchising effort. I believe there is 78 precisely. And so, those will unfold in time. And to your question about timing, it is a little early for us to go lean hard and say, hey, let's step up in these commitments. So there was some grace around remodels and restarting the development programs that they will -- it will come in time, the unit economics are solid and because of the conversion opportunities we believe that those will favor our development numbers, but is too early to predict when that kicks in. Jon Tower -- Wells Fargo Securities -- Analyst Got it. I appreciate the time and taking the questions. Thanks. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Thanks, Jon. Operator Thank you. We'll take our next question from Eric Gonzalez with KeyBanc Capital Markets. Eric Gonzalez -- KeyBanc Capital Markets -- Analyst Hey. Thanks for the question and good evening, everyone. I'm curious about your marketing plans are, thanks, I'm curious about your marketing plan this year. Demand exceeds supply right now and staffing may not be in a position to keep pace with sales. Maybe how are you altering your spending on marketing and advertising? Can you save the funds for time that it makes sense? Just curious about how much flexibility you have to run surplus in net add fund? John C. Miller -- Chief Executive Officer Yes, as you can imagine getting through 2020, we tested the limits with advertising buyers, both digital and broadcast on how hard the press commitments into and part of that into wait stop, delay, weeks instead of those. So we've done quite a bit of that. I think generally, you want to advertising the official invitation biting, we've had -- we are staffed at breakfast generally and we're having a stronger breakfast response and recovery. That's where the deeper equities of our brand are. So we're not afraid to push out some of our breakfast initiatives right now. During the first quarter, we had a couple of weeks with free delivery and in couple of with free pancakes. So those sort of we're supporting to go which makes sense third-party delivery during Q1, well, people are still not getting out and they weren't is restrictions lifted just quit yet. So I think we're trying to time things with the expectations of how the year unfolds. As we get into the holidays is usually holiday a specific promotions pies and holiday Andre specials and Turkey dinners and alike and we expect that we will be staffed by then. But if not, then we'll balance the media plan accordingly. Eric Gonzalez -- KeyBanc Capital Markets -- Analyst That's so helpful. Just another one on labor. I'm wondering how the currently labor conditions change the economic model of that late-night business? Presumably, you have to be -- you may have to pay some over-time or perhaps to add some other incentives to staff at dayparts. I was wondering how the addition as you look to build back the late-night daypart in the rest of your store base. Wondering how that could impact those store level margins in the current environment? John C. Miller -- Chief Executive Officer You described it accurately. It is a process of adding back personnel for that daypart with the view that when you open and you have the transactions to support their labor. But first those have to come on as incremental to another daypart get trained and then moved on the roster. So it's a step function change. We've been 24-hour operation safer or handful locations in our system for 60-plus years. So it is a staffing rigor and scheduling challenge that's familiar to our brand. And so it would not be done by stretching people too far or excess over time. It would be done by filling the roster with regularly filled positions during those dayparts. Near-term, because of staffing challenges, clearly, there are some over challenges for the entire industry, not just Denny's. Eric Gonzalez -- KeyBanc Capital Markets -- Analyst Got it. And maybe just the last question from me on capital allocation. Now that sales are seemingly at a full recovery versus are hosted for recovery versus 2019 imagine that EBITDA recovery will follow over the next year or so. So, with that, could you discuss your current thinking on capital allocation in the past and other plans to take the leverage above three times. Just wondering if the pandemic is needs more cautious and perhaps more confident having stress test and model that you might consider moving above that 3 times level once it's permissible to do so earlier this year? Robert P. Verostek -- Executive Vice President, Chief Financial Officer Hey, Eric, this is Robert. Yeah. Excellent question. Appreciate the opportunity to talk on that. With regard to our near-term philosophy with the pandemic really did cement for us at least in the near term that we really benefited from the lower leverage profile that we had in place. So we had talked prior -- coming through the refranchising strategy of 2019, we talked about taking leverage up. We talked about a 3 to 4 times range. I talked today about really being comfortable in the 2 to 3 times range. And the reality is, as you point back as sales come back, EBITDA will come back, while our hands, because of the debt amendment that we signed, we signed one in May and then followed up in December just to give us ultimate flexibility. Our hands are tied from returning value capital to shareholders until we report our Q3 earnings. So that'll put us into Q4. So the EBITDA that we're generating, the cash that we're generating off of that, we will deploy against our credit facility, that's where it can go. Our hands are tied with returning value to shareholders, capital to shareholders to a degree they're tied with capex. So, as I noted, we paid down of an additional $15 million on a revolving post the balance sheet date. So we set $200 million with regard to our credit facility currently. Again, we -- to what you said, yes, as sales return, EBITDA will continue to grow. We will use that cash to pay down our revolver short-term. We'll reassess beyond that, but we do really value returning capital to shareholders on Slide 39 with some of the product in our investor deck. We talk about the $554 million that we've returned to shareholders beginning in 2010. That represented a 44% net reduction in our outstanding shares and that price was just over $10 in doing so. So, we are very proud of that chart and we look to add to that chart once we have that flexibility to do so in beginning in Q4. Eric Gonzalez -- KeyBanc Capital Markets -- Analyst Very helpful. Thank you for the questions. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Thank you. Operator Thank you. And we'll take our final question from Brett Levy with MKM Partners. Brett Levy -- MKM Partners -- Analyst Great. Thanks for taking the question. Good job on the numbers. John C. Miller -- Chief Executive Officer Thank you. Brett Levy -- MKM Partners -- Analyst I guess, two different questions. One is if you could just give a little bit more granular behavior -- numbers on the virtual brands in 24/7 just you gave us some good insight into the average numbers, but what are you seeing from those that have been established earliest in terms of 24/7 or in terms of the virtual brand? And then the second question is with respect to remodels and Heritage, you've given yourself a little bit of a pause in the ability to open them. Does this change any thoughts in what you might need or might want to do given the success you're seeing with on-demand and virtual? John C. Miller -- Chief Executive Officer I will start with the portfolio. Robert, and then if you can answer the 24/7. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Sure. John C. Miller -- Chief Executive Officer So on the remodels, we did give a pause. We felt like that it was important for our franchisees to regain their footing. And over the long term, those relationships and sensitivities to their challenges we think it's critically important and while PPP played a tremendous role in assuring confidence that they come through it. You don't know as are coming through how long things last and obviously there is a lot more wide return on the silver lining from the PPP program. But -- and so we're just now entering into those discussions about where things go from here. We do have, again, in the regular development brand advisory council meetings where a certain group of franchisees are dedicated to the representing our entire franchise body on all things related to development. So they focused on prototype imagery, they focused on the Heritage remodel schemes, they focused on cost optimization of those and they focus on what parts sort of managing the guests and little bit of consumer insight data. And so while we've taken this pause, we've sort of enrich the amount of data that we were able to share with that body on how powerful the Heritage remodel in the next round of remodel programs can be and they continue to return to mid-single-digit lifts over a modest investment. So our franchisees are committed. There is no objection. They like the program and they like the process in which we engage them in creating remodel scopes. It's really just a matter of timing to get back on track and again we haven't guided yet. And then Robert if you want to talk about providing a little more precision around 24/7 and the balance of the question. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Yeah. So, hey, Brett, this is Robert. With regard to the virtual brands in 24/7 I give you some additional specificity with regard to the virtual brands. You can see on Slides 26 and 27, we put the bullet chart -- kind of map chart within there that show where the brands are rolled out. The reality is and it's really exciting with regard to the Burger Den specifically 90% of the 24/7 units, the 565 units that I talked about, have actually deployed The Burger Den. So 90% of that 565 have deployed The Burger Den. And is it again it helps to talk about they lead into that 11% positive number that we had seen in the month of April coming from that, because again it'll add strength into those dinner and late-night dayparts, the areas where... John C. Miller -- Chief Executive Officer Help them staff. Robert P. Verostek -- Executive Vice President, Chief Financial Officer Yeah, help them staff, helps the sales within there. So it's really exciting with regard to that. We did -- again, just to be to reiterate the point, we have deployed 1,100 of those units, of The Burger Den units and the sales, the average weekly sales among those units as you can see on Slide 11 here are $900 per unit per week. So, the simple math would suggest almost a $1 million that we are coming from The Burger Den itself. We will provide additional clarity with regard to The Meltdown. We are as equally excited about that brand, but we just rolled out the first 175 of those are so and getting ready to launch in the next 175 very soon. So as you can see, as we promised previous -- on previous calls that once the data mature that we would provide insight, we did that with The Burger Den. That will be the same as we work through The Meltdown. Operator Thank you. And with that, that does conclude our question-and-answer session. I'd like to turn the conference back over to Mr. Nichols for any additional or closing remarks. Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis Thank you, Cody. I'd like to thank everyone again for joining us on today's call. We look forward to speaking with you on our nextearnings conference callin early August during this we will discuss our second quarter 2021 results. Thank you all and have a good evening. Operator [Operator Closing Remarks] Duration: 74 minutes Call participants: Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis John C. Miller -- Chief Executive Officer F. Mark Wolfinger -- President Robert P. Verostek -- Executive Vice President, Chief Financial Officer James Rutherford -- Stephens Inc. -- Analyst Nick Setyan -- Wedbush Securities -- Analyst Todd Brooks -- C.L. King & Associates -- Analyst Michael Tamas -- Oppenheimer and Company -- Analyst Jake Bartlett -- Truist Securities -- Analyst Jon Tower -- Wells Fargo Securities -- Analyst Eric Gonzalez -- KeyBanc Capital Markets -- Analyst Brett Levy -- MKM Partners -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	While these transactions being highly incremental and over-indexing at dinner and late-night compared to Denny's base brand off-premise sales, margins range from the mid 20% to low 30% after considering product cost for delivery, fees and labor efficiencies. Denny's Corp (NASDAQ: DENN) Q1 2021 Earnings Call May 4, 2021, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q1 2021 Earnings Conference Call.	Thank you for joining us for Denny's first quarter 2021earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer; Mark Wolfinger, Denny's President; and Robert Verostek, Denny's Executive Vice President and Chief Financial Officer. King & Associates -- Analyst Michael Tamas -- Oppenheimer and Company -- Analyst Jake Bartlett -- Truist Securities -- Analyst Jon Tower -- Wells Fargo Securities -- Analyst Eric Gonzalez -- KeyBanc Capital Markets -- Analyst Brett Levy -- MKM Partners -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Denny's Corp (NASDAQ: DENN) Q1 2021 Earnings Call May 4, 2021, 4:30 p.m.	Thank you for joining us for Denny's first quarter 2021earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer; Mark Wolfinger, Denny's President; and Robert Verostek, Denny's Executive Vice President and Chief Financial Officer. King & Associates -- Analyst Michael Tamas -- Oppenheimer and Company -- Analyst Jake Bartlett -- Truist Securities -- Analyst Jon Tower -- Wells Fargo Securities -- Analyst Eric Gonzalez -- KeyBanc Capital Markets -- Analyst Brett Levy -- MKM Partners -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Denny's Corp (NASDAQ: DENN) Q1 2021 Earnings Call May 4, 2021, 4:30 p.m.	King & Associates -- Analyst Michael Tamas -- Oppenheimer and Company -- Analyst Jake Bartlett -- Truist Securities -- Analyst Jon Tower -- Wells Fargo Securities -- Analyst Eric Gonzalez -- KeyBanc Capital Markets -- Analyst Brett Levy -- MKM Partners -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Denny's Corp (NASDAQ: DENN) Q1 2021 Earnings Call May 4, 2021, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q1 2021 Earnings Conference Call.	79676695-5828-465f-8ebc-d6e2f997eecf
727301.0	2021-02-25 00:00:00 UTC	9 Stocks That Are Built to Help in a Natural Disaster	DENN	https://www.nasdaq.com/articles/9-stocks-that-are-built-to-help-in-a-natural-disaster-2021-02-25	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips If the events of last year – the novel coronavirus, social unrest, political upheaval – have taught us anything, it’s that Murphy’s law does not care about accumulated struggles. If it wants to kick you in the teeth, it will do so, even if your teeth were already kicked out. About the only thing you can do from a financial perspective is to consider stocks to buy when natural disasters strike. Frankly, this isn’t just about the deadly winter storm that has debilitated Texas. Rather, investors should attempt to have some portion of their portfolios dedicated to investments that either perform well because of natural disasters or mitigate downside risk. Indeed, 2020 was a benchmark warning for preparing all aspects of your life – including your money – for when Mother Nature gets ugly. Of course, stocks to buy in such dire circumstances is many investors’ minds right now because of the unprecedented crisis in the Lone Star State. I understand that on occasion, some parts of Texas can get quite chilly. But scenes from reporters on the ground suggest more of a resemblance to Siberia than a member of America’s Sun Belt region. Thus, the important lesson of natural disasters – they can happen anytime, anywhere. Another reason to consider stocks to buy that specifically address natural disasters is the lingering economic damage that can result from the most pernicious examples. According to the Dallas Morning News, the winter storm could become the state’s costliest weather event. Unfortunately, this may mean that economically accretive companies can take a hit. As well, natural disasters may send a shock wave of doubt and fear for investors. You might as well increase this potential five-fold because of the fiscal strains resultant from the coronavirus pandemic. I think reasonable investors will question how the U.S. will get out of this mess. While our political leaders are figuring that out, here are some stocks to buy that are built to help during a crisis. Home Depot (NYSE:HD) 3M (NYSE:MMM) Generac (NYSE:GNRC) CVS Health (NYSE:CVS) Denny’s (NASDAQ:DENN) Copart (NASDAQ:CPRT) Energizer (NYSE:ENR) Smith & Wesson Brands (NASDAQ:SWBI) Worksport (OTCMKTS:WKSP) 8 Risky Stocks to Buy If Danger Is Your Middle Name Just a warning before we get into it. There’s no guarantee that because these investments are geared toward natural disasters that they’ll be immune from broader market pressure. Given that most folks are speculating like crazy in the market, use the same due diligence for these crisis-related stocks to buy as you would any other investment category. Home Depot (HD) Source: Cassiohabib / Shutterstock.com I don’t think it’s healthy for people to express too many emotions regarding their investments. Certainly, feelings of adoration or outright love can be a sign that you’re not thinking rationally about your portfolio. Nevertheless, if I had to pick one company that deserved such praise, it’d be Home Depot. Personally, I think it’s smart to have HD stock as part of your long-term portfolio. If you don’t own it directly as part of your stocks to buy, I’m sure some of your retirement funds have it as a core holding. Mainly, this is because Home Depot is a secular business. Good economy or not, stuff happens and you need to take care of it. I don’t think I’m just speaking for myself when I state that I have gratitude for Home Depot staying open throughout this pandemic. It may be a small gesture, but HD stock basically provided some semblance of normalcy. Therefore, I couldn’t think of a better investment for when natural disasters strike. 3M (MMM) MMM) logo on top of a corporate building" width="300" height="169"> Source: JPstock / Shutterstock.com During the early months of the pandemic, 3M got into a lot of political heat. As you know, former President Donald Trump took the industrial and applied sciences giant to task, demanding that it produce N95 respirator masks for the American people and not for the Chinese. Of course, nuances exist that make this story much more complicated. Nevertheless, the optics were not good. I’m also sure such incidents caused anti-China sentiment to rise both in the U.S. and throughout the world. However, I believe some of this animosity – at least toward 3M – is fading. That’s one positive for MMM stock. 7 Safe Stocks to Buy for Your Retirement Another is that like Home Depot, 3M is a stalwart in the business of dealing with natural disasters. After all, those N95 masks aren’t just useful for illness prevention. They offer protection against myriad airborne irritants and contaminants. Plus, the company offers many other useful products, making MMM stock a wise choice for emergency preparedness. Generac (GNRC) Source: Shutterstock I believe this is the first time I’ve mentioned Generac as part of a list of stocks to buy. With the natural disasters that we’ve seen not just in Texas but throughout the troubled year of 2020, we may be talking about GNRC stock for a while. That’s because of the company’s core energy management solutions, particularly as they related to home-based needs. From portable generators to large backup power systems, Generac’s suddenly super-relevant pipeline has been the toast of Wall Street. Since Feb. 10, GNRC stock is up nearly 31%. Of course, much of that demand stems from the winter storm that has afflicted Texas. However, GNRC stock has also been gaining on the rolling blackouts in California last year. Namely, Americans are feeling very small right now, with the clear understanding that natural disasters can bewilder state governments of the greatest nation on earth. This is going to be a talking point for years to come and GNRC stands to benefit from it. CVS Health (CVS) Source: Shutterstock I’m a little bit surprised that CVS Health hasn’t responded that well to the Texas winter storm given that it’s an essential business. During the pandemic and following last year’s March doldrums, CVS stock enjoyed a solid performance. At that time, the SARS-CoV-2 virus was a big mystery. Therefore, very limited treatment options existed. If you got sick, you were pretty much on your own – unless you wanted to risk being inside overcrowded healthcare facilities serving the direst cases. For millions of Americans, that wasn’t in the cards. And the smart ones stocked up on over-the-counter flu and cold medication, just in case. That had a hand in lifting CVS stock earlier last year. 7 Dividend Stocks Offering Little More Than Danger However, with the Covid-19 vaccine rollout, CVS Health’s narrative took a hit. Nevertheless, I don’t think the winter storm is the last of our natural disasters. I got a bad feeling something else is lurking, which is why you may want to consider CVS as part of your long-term stocks to buy. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com Under ordinary circumstances, electing Denny’s as part of a portfolio of stocks to buy may seem like a what-the-heck moment. Have I lost my mind? Many folks have pent-up demand for eating at restaurants. They do not have that same sentiment for Denny’s and by logical extension, DENN stock. However, we’re not talking about stocks to buy for hosting a wedding reception but rather, investments that are relevant to natural disasters. For that, I believe DENN stock is underappreciated. It’s one of the few places today that offer locations that are open 24/7. You might not think that’s so important. But I bet you that there are some essential workers working the overnight shift that will disagree. As you know, extended natural disasters have a tendency of displacing people. When you’re struggling and stressed, you don’t care about calories – only that you consume them. While I don’t think DENN will make you rich, it’s an under-the-radar name that you may want to consider. Copart (CPRT) Source: lumen-digital / Shutterstock.com You might be thinking what an auction site for salvaged vehicles has to do with natural disasters. I mean, natural disasters are what causes cars to be salvaged in the first place. Thus, Copart shares are at risk for falling, not as part of a viable collection of stocks to buy. Granted, anything can happen so I’m not guaranteeing anything. However, CPRT stock is relevant in that some calamities result in property damage, especially to personal vehicles. Therefore, demand for salvaged vehicles may increase not necessarily because of increased supply but for securing critical parts for cheap. Also, this is a cynical argument, but we could see CPRT stock rise based on this brutal economic slowdown. During and following the Great Recession, new car sales declined significantly. This might lead some folks to consider buying salvaged title vehicles just to get around. 7 Bypassed Value Stocks to Buy Before Speculators Catch On Yeah, it’s not a heartwarming topic, that’s for sure. Still, you can’t help but feel that the circumstance above will be net bullish for Copart. Energizer (ENR) Source: imwaltersy / Shutterstock.com Energizer is another one of those names that hasn’t responded that well to the Texas storm. Again, I’m surprised but this circumstance shouldn’t last too long. Therefore, I’m including ENR stock in my list of stocks to buy for natural disasters. Of course, the crisis that has afflicted the Lone Star State is a reminder that you need an emergency kit for whatever lies ahead – and yes, that includes batteries. When the power is out, you need some external source to get information, such as through a good old-fashioned radio. Also, the New York Times detailed a story which discussed Texans who were fortunate enough to have power in their homes – only to be hit later with exorbitant utility bills. One person the Times featured had a bill of nearly $17,000, wiping out his savings. So, even when you do have power, you shouldn’t always use it. Finally, the storm has taught every American – whether you live in Texas or not – to always be prepared for anything. It’s better to have batteries and not need them than to need them and not have them. That’s the basic viable thesis for ENR stock. Smith & Wesson Brands (SWBI) Source: Supakorn Pe / Shutterstock.com You find out a person’s true character when they are put under pressure. The Covid-19 disaster demonstrated that most Americans are good, salt-of-the-earth people. However, many are not. And firearms, like them or not, have a tendency of keeping everyone polite. Therefore, I like Smith & Wesson Brands, but I especially like SWBI stock for natural disasters. Again, most Americans are good people so please don’t email me about you being a good person. I get it. But it would be intellectually dishonest to state that some folks use natural disasters to advantage their fellow person in their hour of need. I heard some horror stories regarding Hurricane Katrina about good men having to band together to protect women who were at risk of assault. 7 Dividend Stocks That Are Growing Their Payouts Sure, guns complicate matters. However, they’re often the last line of defense. And that’s really the case with natural disasters when law enforcement resources are stretched. Cynically, then, SWBI stock is a solid buy. Worksport (WKSP) Source: Love Silhouette / Shutterstock.com I don’t want to end this list of stocks to buy on a downer so I’m going to perk it up with a potentially outsized opportunity. Specializing in solar power, Worksport features multiple clean energy solutions. Mainly, the company is known for its solar panel tonneaus for pickup trucks. Now, drivers can enjoy green energy while protecting their cargo from theft and the elements. With Worksport’s Terravis system, the solar tonneaus charge a scalable battery storage system that can integrated into the cargo area of any pickup truck. Such a feature is useful for addressing natural disasters as these battery systems provide usable, portable power where it’s needed. Beyond that, WKSP stock has qualities that are useful for an eventual return to normal. For instance, with the solar panels, both electric vehicle drivers (through integrated OEM systems) and combustion-based fleet owners can benefit from clean energy technologies. Because shares are priced below a dollar, though, WKSP stock is a high-risk, high-reward opportunity. Still, if you can stomach potential volatility, this is one to consider. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. The post 9 Stocks That Are Built to Help in a Natural Disaster appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Generac (NYSE:GNRC) CVS Health (NYSE:CVS) Denny’s (NASDAQ:DENN) Copart (NASDAQ:CPRT) Energizer (NYSE:ENR) Smith & Wesson Brands (NASDAQ:SWBI) Worksport (OTCMKTS:WKSP) 8 Risky Stocks to Buy If Danger Is Your Middle Name Just a warning before we get into it. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com Under ordinary circumstances, electing Denny’s as part of a portfolio of stocks to buy may seem like a what-the-heck moment. They do not have that same sentiment for Denny’s and by logical extension, DENN stock.	Generac (NYSE:GNRC) CVS Health (NYSE:CVS) Denny’s (NASDAQ:DENN) Copart (NASDAQ:CPRT) Energizer (NYSE:ENR) Smith & Wesson Brands (NASDAQ:SWBI) Worksport (OTCMKTS:WKSP) 8 Risky Stocks to Buy If Danger Is Your Middle Name Just a warning before we get into it. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com Under ordinary circumstances, electing Denny’s as part of a portfolio of stocks to buy may seem like a what-the-heck moment. They do not have that same sentiment for Denny’s and by logical extension, DENN stock.	Generac (NYSE:GNRC) CVS Health (NYSE:CVS) Denny’s (NASDAQ:DENN) Copart (NASDAQ:CPRT) Energizer (NYSE:ENR) Smith & Wesson Brands (NASDAQ:SWBI) Worksport (OTCMKTS:WKSP) 8 Risky Stocks to Buy If Danger Is Your Middle Name Just a warning before we get into it. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com Under ordinary circumstances, electing Denny’s as part of a portfolio of stocks to buy may seem like a what-the-heck moment. They do not have that same sentiment for Denny’s and by logical extension, DENN stock.	Generac (NYSE:GNRC) CVS Health (NYSE:CVS) Denny’s (NASDAQ:DENN) Copart (NASDAQ:CPRT) Energizer (NYSE:ENR) Smith & Wesson Brands (NASDAQ:SWBI) Worksport (OTCMKTS:WKSP) 8 Risky Stocks to Buy If Danger Is Your Middle Name Just a warning before we get into it. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com Under ordinary circumstances, electing Denny’s as part of a portfolio of stocks to buy may seem like a what-the-heck moment. They do not have that same sentiment for Denny’s and by logical extension, DENN stock.	b2d330c4-479c-4996-a740-1cd241c989d1
727302.0	2021-02-17 00:00:00 UTC	Denny’s 4Q Revenues Miss Estimates Due To COVID-19 Pandemic	DENN	https://www.nasdaq.com/articles/dennys-4q-revenues-miss-estimates-due-to-covid-19-pandemic-2021-02-17	nan	nan	Denny’s Corp. reported fourth-quarter results, which fell short of the Street’s estimates, as the restaurant chain operator grappled with the negative impact of the COVID-19 pandemic. Denny's stock was down 1.1% in Tuesday’s extended trading. Denny’s (DENN) reported fourth quarter revenues of $80.1 million that declined 29.6% year-over-year and missed analysts’ expectations of about $81.3 million. Its franchise and license revenue of $47.2 million decreased 27.4% year-over-year, while its restaurant sales of $32.9 million fell 32.6% year-over-year. The company’s domestic system-wide same-store sales slumped 32.9% in 4Q. The company said, “These changes were primarily due to the impact of the COVID-19 pandemic on sales and fewer equivalent units, partially offset by an additional operating week.” (See Denny’s stock analysis on TipRanks) Denny’s reported a 4Q adjusted loss of $0.05 per share, compared to the year-ago period’s earnings of $0.23 per share. Analysts were looking for a loss of $0.01 per share. Following the 4Q results, Oppenheimer analyst Michael Tamas reiterated a Buy rating on Denny's stock with a price target of $19 (15.6% upside potential). Tamas said, “DENN appears uniquely positioned for an outsized sales recovery as dining restrictions ease. A reopening environment would allow additional units to reinstall late-night (e.g.,+8-10% to current trends) and reverse the negative impact of California's off-premise only mandate (25% of units).” He added, “We also see an attractive setup for capital returns to shareholders in late-'21 and for accelerating unit growth in '22 (and beyond).” Meanwhile, the rest of the Street has a cautiously optimistic outlook on the stock, with a Moderate Buy consensus rating based on 3 Buys and 4 Holds. The average analyst price target of $16.14 implies downside potential of 1.8% to current levels. Shares are down about 18.5% over the past year. Additionally, the TipRanks’ stock investors tool shows that investors currently have a Very Negative stance on DENN. Related News: Palantir Drops 8.6% After Surprise Quarterly Loss Rexnord’s 3Q Profit Tops Analysts’ Estimates; Shares Rise 4% Jack Henry Shores Up Quarterly Dividend By 7%; Street Sees 19% Upside The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny’s Corp. reported fourth-quarter results, which fell short of the Street’s estimates, as the restaurant chain operator grappled with the negative impact of the COVID-19 pandemic. Following the 4Q results, Oppenheimer analyst Michael Tamas reiterated a Buy rating on Denny's stock with a price target of $19 (15.6% upside potential). Denny's stock was down 1.1% in Tuesday’s extended trading.	Denny’s Corp. reported fourth-quarter results, which fell short of the Street’s estimates, as the restaurant chain operator grappled with the negative impact of the COVID-19 pandemic. Following the 4Q results, Oppenheimer analyst Michael Tamas reiterated a Buy rating on Denny's stock with a price target of $19 (15.6% upside potential). Denny's stock was down 1.1% in Tuesday’s extended trading.	The company said, “These changes were primarily due to the impact of the COVID-19 pandemic on sales and fewer equivalent units, partially offset by an additional operating week.” (See Denny’s stock analysis on TipRanks) Denny’s reported a 4Q adjusted loss of $0.05 per share, compared to the year-ago period’s earnings of $0.23 per share. Denny’s Corp. reported fourth-quarter results, which fell short of the Street’s estimates, as the restaurant chain operator grappled with the negative impact of the COVID-19 pandemic. Denny's stock was down 1.1% in Tuesday’s extended trading.	The company said, “These changes were primarily due to the impact of the COVID-19 pandemic on sales and fewer equivalent units, partially offset by an additional operating week.” (See Denny’s stock analysis on TipRanks) Denny’s reported a 4Q adjusted loss of $0.05 per share, compared to the year-ago period’s earnings of $0.23 per share. Denny’s Corp. reported fourth-quarter results, which fell short of the Street’s estimates, as the restaurant chain operator grappled with the negative impact of the COVID-19 pandemic. Denny's stock was down 1.1% in Tuesday’s extended trading.	e54ba2c7-b734-4f46-9fa7-a94cff30a4de
727303.0	2021-02-17 00:00:00 UTC	Denny's Corp (DENN) Q4 2020 Earnings Call Transcript	DENN	https://www.nasdaq.com/articles/dennys-corp-denn-q4-2020-earnings-call-transcript-2021-02-17	nan	nan	Image source: The Motley Fool. Denny's Corp (NASDAQ: DENN) Q4 2020 Earnings Call Feb 16, 2021, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day and welcome to the Denny's Corporation Fourth Quarter and Fiscal Year 2020 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Curt Nichols, Vice President, Investor Relations and Financial Planning and Analysis. Please go ahead, sir. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis Thank you, Cody, and good afternoon, everyone. Thank you for joining us for Denny's fourth quarter and full year 2020earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer, Mark Wolfinger, Denny's President, and Robert Verostek, Denny's Senior Vice President and Chief Financial Officer. Please refer to our website at investor.dennys.com to find our fourth quarter earnings press release along with any reconciliation of non-GAAP financial measures mentioned on the call today. This call is being webcast and an archive of the webcast will be available on our website later today. John will begin today's call with a business update. Mark will then provide some comments about our franchisees and development. And Robert will provide a recap of our fourth quarter financial results and current trends. After that, we will open it up for questions. Before we begin, let me remind you that in accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 the company knows that certain matters to be discussed by members of management during this call may constitute forward-looking statements. Management urges caution in considering its current trends and any outlook on earnings provided during this call such statements are subject to risk, uncertainties and other factors that may cause the actual performance of Denny's to be materially different from the performance indicated or implied by such statements. Such risks and factors are set forth in the company's most recent annual report on the block 10-K for the year ended December 25th, 2019, and in any subsequent Forms 8-K and quarterly reports on Form 10-Q. With that I will now turn the call over to John Miller, Denny's Chief Executive Officer. John C. Miller -- Chief Executive Officer Thank you, Curt, and good afternoon, everyone. I hope each of you have remained safe and healthy since we last shared an update on Denny's. Our fourth quarter we're setting up to be the best sales performance since the pandemic began until a resurgence of COVID cases caused states and localities to reinstate stay-at-home orders and capacity restrictions in December. While losing access to outdoor dining in California, where 25% of our domestic system is located, was a pause in our recovery story, I'm so proud of how our teams kept up their focus on the future and ensuring that Denny's is well positioned for the recovery. As restrictions began to lift in January, domestic systemwide same-store sales thus far in February have improved to their highest points during the pandemic, despite having a similar level capacity restrictions as of September through November time frame. This indicates the consumers are ready to dine with us again and [Indecipherable] vaccinations are starting to drive more consumers into our restaurants. The vaccination is expected to be available to a high percentage of the population by mid-year. We are looking forward to the second half of the year, and our exceptional team members and operators are ready to welcome guests back in to more and more of our dining rooms. In this dynamically changing environment, we have been focused on four key guest-centric themes, reassurance, value, comfort and convenience. I'll now touch briefly on each of these. As guests continue to return to our restaurants, it is more important than ever that we remain focused on the health and safety of our team members and our guests. We are committed to reassuring our guests that Denny's provides a safe dining experience by consistently executing our enhanced cleanliness and sanitation station procedures at all customer touchpoints. We've also provided multiple options for a safe experience beyond our dining rooms, including outdoor seating, curbside pickup, drive-up ordering and contactless delivery. Our second area of focus is value. Denny's is known for every day value. We believe value will remain important in this economic environment as guests seek to maximize the impact of their dollars on quality food options for the whole family. We understand that value comes in different forms and we consider our value approach to be a comprehensive balance between price, abundance, convenience and bundled value. Starting with price value, our well-known $2 $4 $6 $8 Menu has strong affinity with our guests 14% level. We continue to feature abundant value options like our popular Super Slam, which sold nearly 11 million plates in 2020, with off-premise being a large focus we strive to provide to be in space value to our guests through free delivery in ordering through our website or mobile app, which is also induced new consumer trial. Additionally, we have seen our Denny's rewards members increased by over 20% since the beginning of the pandemic, allowing us to have more targeted offerings delivering directly through our guests. Lastly, we were able to feed nearly 385,000 families to our new bundled value lineup of Shareable Family Packs offering a delicious, cost-effective way to feed a family of four. Our third focus area is comfort. We strive to ensure that Denny's is a place where our guests were welcomed and valued. And whether they're dining with a large family or as party of one, we believe our guests view the Denny's experience as a time to build connections in an environment that is both inviting and comfortable. After issuing multiple streamlined menus, we began using a full core menu in November, providing more comfort food options, even though the menu is approximately 25% smaller than our pre-pandemic core menu. We will also be launching a comparably sized new core menu next week that continues to feature our culinary innovation with new creations within our bowls and melts categories. Our operations team has also reinforced the critical need for comfort by reminding our entire system of the rules we live by, including expectations that everyone is welcome to dine at Denny's, everyone is treated like our favorite guests and everyone has shown kindness and respect. Our established Heritage restaurant image has also received consistently positive guest feedback largely due to its welcoming and relaxed feel. Despite the pandemic, our system completed 22 remodels in 2020, including five in the fourth quarter. And our final area of consumer focus is convenience. We believe our guests will continue to expect technology to bring enhanced value to their dining experience, whether in-restaurant or off-premise options like our Denny's on Demand platform. We have also implemented curbside pickup parking signs to deliver a better experience for our guests and team members while promoting guest-controlled digital ordering from the parking lot. We recently launched our Apple Pay for our Denny's on Demand iOS mobile app, and we continue to promote outdoor dining solutions we are permitted. We were fortunate to already have an established offering in this business through our Denny's on Demand platform prior to the pandemic. Average weekly sales for all off-premise transactions have doubled since the beginning of the pandemic, growing from approximately $4,000 per week per store a year ago to approximately $8,000 per week per store through the first two weeks in fiscal February. We have been pleased with our ability to sustain this higher level of off-premise sales as dine-in transactions have evolved. We are also excited that our test-and-learn culture has yielded two new virtual concepts that we believe will provide additional market share opportunities. The first of these is called The Burger Den. This concept allows us to focus on one of our strengths, great burgers with new varieties using ingredients already in our pantry. Test results have been favorable and suggest the transactions from these tests are highly incremental. Over half of our domestic locations have signed up to participate in a three-phase rollout. The first group launched earlier this month while the remaining two groups are slated to launch by the end of the first quarter. The second virtual concept called The Melt Down features handcrafted melts with fresh ingredients. While this brand is able to utilize approximately 70% of what is currently in our pantry, our innovative culinary team has crafted new craveable products, such as the Giddy-Up Melt featuring brisket burnt ends with sharp white cheddar, creamy barbecue sauce and pickles on grilled artisan bread, or the Talkin' Turkey Melt, made in the turkey, bacon, tomatoes, Provolone cheese and creamy herb spread. Test results have been similarly encouraging for The Melt Down, and over half of our domestic locations are expected to launch starting in the second quarter. These brands provide opportunities at dinner and late night to leverage underutilized labor and kitchen space. In fact, they were 70% of transactions from The Burger Den occurred during the dinner and late night dayparts. In closing, I sincerely want to thank our leadership team and franchise partners for their continued engagement, steadfast resolve and unwavering commitment to this brand. I am very much looking forward to this new year and working collectively with our teams to reassure our guests, provide compelling value options and deliver the comfort and convenience our guests see, whether it be our dining rooms, on our patios, or in the comfort of their homes. With that, I'll turn the call over to Mark Wolfinger, Denny's President, to discuss more about our franchise and development. F. Mark Wolfinger -- President Thank you, John. I want to echo your comments about our innovative and dedicated teams, and I also look forward to what this brand can accomplish in 2021 and beyond. Currently, 98% of our domestic system is open, including over 1,000 restaurants operating with open dining rooms. This is an increase of almost 25% from the end of December. However, we still only have approximately one-third of our domestic franchise restaurants operating 24 hours a day, seven days a week. While we cannot control state and local restrictions and the related impact on our sales trends, we have been working diligently with our franchisees to analyze the incremental sales and profitability potential from expanding their operating hours. Turning to development. We are very encouraged that even in the midst of a global pandemic, our franchisees opened 20 restaurants during the year, including four restaurants during the fourth quarter. This included eight international openings in four different countries, which brought our total number of restaurants to 1,650. Additionally, our system completed 22 remodels during the year despite remodels being deferred until 2022. These openings and remodels underscore the confidence and future opportunities our franchisees see within the brand. However, the pandemic has also prompted higher closures than our historical run rate. During the fourth quarter, 17 franchised restaurants closed along with one company restaurant, bringing the year-to-date system total to 73 closures. Six of these closures during the year were due to lease expirations. The remaining 67 closures are related to franchised restaurants with average unit volumes of approximately $1 million prior to COVID-19, a level which is well below the 2019 franchise average unit volume of $1.7 million. We believe that pandemic accelerated these closings that we had otherwise anticipated over the next few years. However, this acceleration should ultimately enhance the overall health of the franchise system, allowing multi-unit franchisees to focus on their more viable restaurants. As a reminder, the average restaurant requires approximately 70%, that's seven-zero-percent, of its 2019 sales to cover both fixed and variable cost items. Although December was challenging for restaurants impacted by additional restrictions, we are pleased to say that, on average, our restaurants continued to see sequential improvement in profitability with each successive quarter. This momentum, coupled with the initial round of PPP funding was very helpful with almost all of our domestic franchise restaurants receiving stimulus support. We are currently supporting our franchisees in their efforts to secure another round of PPP funding, and we believe they will be successful again. While we anticipate additional closures, we believe we have weathered the worst of the pandemic and are on an upward trajectory toward historical recovery. We look forward to returning to net restaurant growth in the future and are confident that we will do so backed by our existing domestic and international development commitments, including over 75 commitments from our recently completed refranchising strategy. At the same time, we believe our overbuilt industry will suffer an unfortunate and meaningful rationalization of seats through the pandemic, largely at the expense of small independent full-service operators. While we don't celebrate this prediction, we believe brands that survive will have an opportunity to gain market share. We have a proven record of converting existing spaces into Denny's locations. In fact, over 60% of our openings since 2011 have been conversions. These less capital-intensive opportunities provide enhanced ROIs for franchisees and our experienced development team is already assessing the landscape for future Denny's locations. I will now turn the call over to Robert Verostek, Denny's Chief Financial Officer, to discuss the quarterly performance. Robert? Robert P. Verostek -- Senior Vice President, Chief Financial Officer Thank you, Mark, and good afternoon, everyone. I will share a brief review of our fourth quarter results and current trends. As a reminder, our fourth quarter results include an additional operating week as 2020 was a 53-week year for us. Domestic systemwide same-store sales declined 33% during the fourth quarter after momentum in October and November was overshadowed by the reinstatement of stay-at-home orders and additional capacity restrictions in December. In fact, for the first time since the pandemic began, outdoor dining was prohibited in California, where approximately 25% of our domestic restaurants are located. Consequently, California restaurants weighed on the total domestic systemwide same-store sales results by approximately 7 percentage points in December and 5 percentage points during the fourth quarter. Same-store sales at domestic restaurants operating with open dining rooms declined approximately 25% for the fourth quarter, compared to a decline of approximately 48% at those domestic restaurants operating with closed dining rooms. Before discussing current trends, I want to mention that we will continue our standard practice of comparing 2021 domestic systemwide same-store sales to 2020. Additionally, we will provide a comparison of 2021 domestic systemwide same-store sales to 2019. We believe comparing to 2019 will provide a more consistent and informative representation of our recovery. With that being said, we have been encouraged by the sequential improvement in January and February as restrictions have started to ease. Domestic systemwide same-store sales for the first two fiscal weeks of February declined 25%, which is a significant improvement from December. In addition to the weight of government-imposed restrictions on our business, we have also discussed the impact of stores operating with limited hours during the pandemic. Domestic restaurants, which were opened 24 hours in the fourth quarter had a same-store sales decline of approximately 23%, compared to a decline of approximately 39% at domestic restaurants operating with limited hours. While we estimate that our overall same-store sales results in Q4 were impacted by approximately 8 to 10 percentage points from restaurants operating with limited hours, we were encouraged that the sales through the first two fiscal weeks of February declined only 6% for the approximately 375 restaurants operating 24 hours with open dining rooms. Franchise and license revenue decreased 27.4% to $47.2 million primarily due to the impact of COVID-19 on sales at franchise restaurants as well as fewer equivalent units, partially offset by an additional operating week. Franchise operating margin was $21.4 million or 45.2% of franchise and license revenue compared to $31.8 million or 48.9% in the prior year quarter. This margin decrease was primarily driven by the impact of the COVID-19 pandemic on sales and fewer equivalent units, partially offset by an additional operating week. Company restaurant sales of $32.9 million were down 32.6% due to the impact of the pandemic on sales and fewer equivalent units, partially offset by an additional operating week. Company restaurant operating margin was $1.4 million or 4.3% compared to $8.7 million or 17.7% in the prior year quarter. This was due to the sales decline and related deleveraging impact of COVID-19, as well as the reduction in equivalent units, partially offset by approximately $1 million of favorable reserve adjustments and tax credits related to the CARES Act and an additional operating week. Total general and administrative expenses were $20.5 million compared to $15.4 million in the prior year quarter. This change was due to an increase in share-based compensation expense, partially offset by a $3.1 million decrease and corporate administrative expenses from cost savings initiatives and previous reductions in personnel due to the COVID-19 pandemic including approximately $900,000 in tax credits related to the CARES Act. These results collectively contributed to adjusted EBITDA of $8 million, with approximately $2 million attributable to the 53rd week. Interest expense was approximately $4.6 million compared to $3.6 million in the prior year quarter, with the increase primarily due to higher interest related to our recent debt amendment and the amortization of dedesignated interest rate swap losses from accumulated other comprehensive loss, net. The benefit from income taxes was $100,000, yielding an effective income tax rate of 2.7%. Adjusted net loss per share was $0.05, compared to adjusted net income per share of $0.23 in the prior year quarter. Adjusted free cash flow after cash interest, cash taxes and cash capital expenditures was $2.1 million, compared to $12.1 million in the prior year quarter primarily due to a reduction in adjusted EBITDA and higher cash interest, partially offset by lower capital expenditures and cash taxes. Cash capital expenditures, which included maintenance capital, were $1.5 million compared to $3.2 million in the prior year quarter primarily due to the prior year real estate acquisitions related to our 2019 refranchising and development strategy. We ended the quarter with approximately $225 million of total debt outstanding, including $210 million under our credit facility. This is the lowest reported balance since entering our credit facility in 2017. After considering cash on hand, the remaining capacity under our credit facility and current liquidity covenants, we had approximately $82 million of total available liquidity at the end of 2020. The pandemic has affirmed for us the value of a conservative leverage philosophy. Prior to the pandemic, we would have targeted longer-term leverage somewhere between three times and four times adjusted EBITDA. We are currently more comfortable with a range of between two times and three times. Turning to our business outlook. Given the dynamic and evolving impact of the COVID-19 pandemic on the company's operations and ongoing uncertainty around the timing and extent of an anticipated recovery, the company cannot reasonably provide a business outlook for the fiscal year ending December 29, 2021 at this time. As a reminder, on December 15, 2020, we entered into the third amendment to our existing credit facility, which reduced the revolver commitment to $375 million, with an additional step down to $350 million on the first day of the third quarter of 2021. Financial maintenance covenants are raised through the first quarter of 2021, followed by the introduction of more favorable covenant levels in the second and third quarters of 2021. Under the amendment, we are prohibited from paying dividends, making stock repurchases and other general investment until we deliver our 2021 third quarter results. Therefore, we intend to deploy cash toward paying down our revolver as we continue to enhance our overall liquidity position. Additionally, capital expenditures will be restricted through the third quarter of 2021. Finally, I want to mention how proud I am of how our field leadership and home office teams have remained focused on serving our guests while also managing business costs to support Denny's recovery through the challenges of the COVID-19 pandemic. In doing so, we have and will continue to leverage the strength of our asset-light business model and fortified balance sheet to ensure the success of our dedicated franchisees and this brand. That wraps up our prepared remarks. I will now turn the call over to the operator to begin the Q&A portion of our call. Questions and Answers: Operator [Operator Instructions] We'll take our first question from Nick Setyan with Wedbush Securities. Please go ahead. Nick Setyan -- Wedbush Securities -- Analyst Hi. Thank you. I think I heard a remark that in February, units that have both the dining open and are open 24 hours, those units were down 6%. Did I hear any of that correctly? Robert P. Verostek -- Senior Vice President, Chief Financial Officer Hey Nick, this is Robert. Yes, you did hear that. That was for the first couple of fiscal weeks of February. So we continued to make progress on our same-store sales results and are really encouraged by the fact that when we're 24 hours with the ability to serve guests in the restaurant, we are really making some headway. So yes, those restaurants were down 6%. You did hear correctly. Nick Setyan -- Wedbush Securities -- Analyst And is there any way to maybe break down like the weekend comp versus the weekday comp? Is it possible that maybe the weekdays are already flat, maybe even positive? And I'd say it's mostly the weekend of the capacity constraints that are leading to the downtick. Robert P. Verostek -- Senior Vice President, Chief Financial Officer So we're kind of looking at the data we have available to us right now, Nick, that may be one that we have to take off-line with Kayla and Curt. Frankly, I don't know if we have any insight to what you're saying. But again, down six in the 24/7 dine-ins are really positive. Really, -- and we broke this out in our results. It's in the investor deck on Slide 13. If you look at that, we broke out the ones that have 24-hour operations, I think the key is really pushing forward on that on 926 that are more limited right now as opposed to the weekend versus weekday, I think there's a large benefit to getting those restaurants open. And we have been working with our Denny's Franchisee Association board, and they are fully supportive of the movement toward 24/7 operations. And we have developed -- in the process of developing those flow charts that kind of that if-then kind of logic that says, if you're in a state that has this level of capacity, then we want you to move to 24 hours over this time frame. So that's really one of the key focuses as we move forward here. Nick Setyan -- Wedbush Securities -- Analyst Understood. That's pretty amazing, that that's where they are, those stores. Regarding the virtual brands, obviously, dinner and the non-breakfast dayparts has been something that you've been trying to tackle for a long time. And it does seem like this could potentially be a pretty wonderful [Indecipherable] to the capacity availability during those dayparts. Any early indication in terms of what the average weekend sales contribution could be from those brands? John C. Miller -- Chief Executive Officer Yeah, Nick, this is John. We've not given any indication yet and are not ready to guide. I would just say that the transactions were incremental and therefore, sort of reached the threshold that it made sense to expand the test and then beyond the test, to a rollout on a sign up basis. So as we've said, in January and then again, affirming on today's call that we'll -- about 1,000 restaurants have signed up for The Burger Den and a similar number for -- to roll out over the next two or three quarters for -- I'm sorry, it was about half the system. Let's check the script but a significant number have signed up with the enthusiasm to get it going. Now where it grows, when you have the system behind it in more time and support, now that will be a different matter. There's probably seen enough on a modest test to continue to roll it. And on the other [Speech Overlap] yeah, go ahead. I'm sorry. Nick Setyan -- Wedbush Securities -- Analyst Just a follow-up on that. What kind of support over time for those brands do you envision? I guess, maybe the answer is that it's too early to know exactly where that evolves, or what kind of support...? John C. Miller -- Chief Executive Officer Sure. I think if you look at what's happened with the handful of brands that are -- that have done -- that have been talking about this more regularly, they've had -- they have social media channels and different channels to support this more deliberately rather than just through search through DoorDash or Uber Eats. So I think there's a difference between a launch platform where you discover them and something a little more deliberate in support when you have enough scale. Nick Setyan -- Wedbush Securities -- Analyst Understood. Thank you very much. John C. Miller -- Chief Executive Officer Thanks, Nick. Operator And we'll move on to our next question from Michael Tamas with Oppenheimer. Michael Tamas -- Oppenheimer -- Analyst Hey. Thanks. Hope everybody is doing well. Just it seems like you guys have a lot of sales catalysts in front of you from opening up at late night to the virtual brand and the menu changes you've talked about. So do you have any rank order or bucket how you think the impact of these will be felt going forward? Just from the outside, it seems easier to sort of flip the switch on the virtual brands versus trying to convince 70-ish percent of your franchisees open at late night. Just -- can you maybe just talk about how you think those sort of play out? John C. Miller -- Chief Executive Officer Sure. Well, I think we're a brand that's been around for 68 years, and we've built tremendous equity in late night. We've been talking in the last year and a half since we've had post sort of scale of our Heritage remodel program to continue to work on four dayparts as an all-day diner, and are just now wondering into sort of the middle innings on building dinner and late night brand equities beyond just breakfast all-day equities. So the desire for the brand, for our whole brand, our franchisees to get to continue with our dinner and late night efforts is a frustrated desire because of the pandemic and what it's done to limiting hours. So a lot of -- so I'd say our priority in order would be expanding the hours. Remember, the -- it's part of our brand tradition. We don't lose -- it's a long historical built of equity. We don't want to lose and we have dayparts based on family needs and flexibility required for their livelihood. So getting those folks back to work, getting those sales back in our system is a priority for us. And remember, even on the virtual brands, when others are closed and we are open late night with the virtual brands to be able to provide service, that's proven to be a benefit for us, a unique benefit for us in particular as well. And then I'd say, remember also, I just want to make this point that a lot of those limitations are based on jurisdictional restriction, not necessarily franchisee's desire to open. So restaffing is a component of it, but a bigger component, I think, is just the permission to do so. So those will come in time. And then I think right behind that would be because of the high profitability of dine-in sales is to build all four dayparts dine-in, but we don't want to have the high teens, low 20 margin of third-party delivery to-go or in the high incrementality of it, the averaging down the age of our brand. Just in the last from April till now, we've got about 40% of these to-go transactions at -- up to age 45 and it'd be the inverse of that for dining in, we're about 40% would be up to age 45, and then boomers and seniors will represent 60% of the dine-in. So these are beneficial for trial for our brand. And so holding on to that share while also building dine-in would be the next priority. And then, of course, virtual, we think can be a key component to fill in those dayparts for our brand. Michael Tamas -- Oppenheimer -- Analyst Awesome. Just a quick follow-up on that and then another question. Is There any sort of incentive program to get franchisees to open for late night, I think, like you guys were running during the fourth quarter? And then the real question is, you talked about for a little while now, the pulled forward unit closures for future years. So does that mean that maybe as we get through '21 into '22 and beyond, that there may be some below average closure years, or how does that sort of play out here? Thanks. Robert P. Verostek -- Senior Vice President, Chief Financial Officer Hey Michael, it's Robert. I'll take the first piece of that with regard to the 24/7. You were -- you are correct. We did have an incentive in the fourth quarter. And we did improve the number of units that were open and operating for -- in the fourth quarter by about 10% with that incentive. Currently, as we have moved into Q1, we have not reimplemented that incentive. In fact, our chosen path from this point now has been working directly with our Denny's franchise association leadership to get their support, and we will be and have already been done working our DMA meetings, designated marketing area meetings, with the various franchisees to move in that direction. As restaurant dining rooms continue to open up, there is more and more appetite to get to 24/7. So we will work through that. And I do believe that we will be successful with regard to that. As we move forward, particularly, again, as restrictions, curfews, dining rooms could get back open, we have a high sense that we will get back to that. And it really is with what John -- really an extension of what John just said. It's our heritage, and we will get back to that. F. Mark Wolfinger -- President Michael, it's Mark. So I'll take the second part of your question here. And I think it's a real good one. It really speaks to, I think, the other side is a pandemic and just a couple of fact-set points here. One is our closing number in 2020 was 73. I mentioned in my comments, 67 of those were franchise restaurants with AUVs, or average unit volumes, of $1 million or less, versus $1.7 million average unit volume. So again, those are 2019-type of comparables because obviously, 2020 has the impact of the pandemic. So 67 of the 73 closures were basically low volume stores. And just as a reminder to everybody on the phone, we -- if you go back and look at the last five to 10 years, we've been averaging about half that number in closures, call it, mid-30 range. So basically, our closure number had doubled in the current year, obviously, because of the pandemic. We do believe that this obviously was a pull forward of closures in the future because of the low volume aspects of that. And again, when I look at the other side of this, which is the opening equation, as we -- I think all three of us mentioned in our comments today, we believe there's a drive opportunity on this -- other side of this pandemic. I mentioned the fact that we continue to see a great deal of seats leaving the marketplace in full serve. A large portion of full serve dining in the US is independent players. And again, we don't relish or celebrate that situation that clearly creates an opportunity on the opening side, especially in the domestic business. So again, we're going to drive the opening number as we go forward. And the closure number, again, as I mentioned, we believe that probably was a pull-forward, especially when you look at 67 of the 73 with those low volume numbers of $1 million or less in average unit volume. Michael Tamas -- Oppenheimer -- Analyst Awesome. Thanks, guys. John C. Miller -- Chief Executive Officer Thanks, Michael. Operator Thank you. We'll take our next question from Jake Bartlett with Truist Securities. Jake Bartlett -- Truist Securities -- Analyst Great. Thanks for taking the questions. My first was about off-premise mix and the off-premise average weekly sales that you mentioned. I think sometimes we look to Florida to see what the future might look like with much less restrictions, people getting back to sort of normal a little bit in terms of the behavior. But I'm curious, in stores in Florida, or maybe others that have less restrictions, how have the off-premise sales held up? And I know thousands kind of average, so if you could kind of break it down to stores that are kind of have less restrictions, and has that -- does that remain elevated still in those types of markets? John C. Miller -- Chief Executive Officer Well -- this is John. We may want to take that one offline, too. I have sort of the brandwide data, and it's -- I sort of tell you, February to February, how it's moved, and dine-in was 88%, February here at 66% now. Pickup's gone from 7% to 18%, third-party from 4% to 14% and so forth. And I can give you that information on the year. I don't have at my fingertips the markets that have been like at 75% capacity. So that might be a question we have to address in future release. That's a great question. Jake Bartlett -- Truist Securities -- Analyst Okay. Robert P. Verostek -- Senior Vice President, Chief Financial Officer Hey Jake, this is Robert. Just a quick add on to that. But we really haven't broken that out specifically the way you looked at it. But one of the things that I think to pay attention to is with our comp, and we quoted within my script how California impacted the entire quarter, I think it was 5 points on the entire quarter. So that would mean other states, such as the Texas and Florida where there are less restrictions, are performing much better. And even within that, we have still maintained this nearly doubling of the off-prem sales. So while we haven't specifically said what Florida is off-premise and with their less restriction, it's safe to say that without a higher level of what -- where they were in prior years, we wouldn't be able to maintain that doubling. So I hope you kind of get that the loose correlation there. Jake Bartlett -- Truist Securities -- Analyst That makes sense. And what I'm really trying to get is your level of confidence that the off-premise sales will remain elevated even as diners come back into the store. John C. Miller -- Chief Executive Officer Right. I would say elevated is a good word. This is John again. But I think, again, to predict precisely what happens and how people work, how they office, their use of third-party and their desire to get out, all those things are predicted to be dynamic changes. So I'd say that we've come short. We'll maintain a good portion of this, but the percentages are going to move around as restrictions continue to lift. Jake Bartlett -- Truist Securities -- Analyst Got it. Got it. And then I had a question about unit growth in 2021. I know you're not giving specific guidance, but think we talked recently about, I think it was 50 to 75 stores that are in that kind of $1 million to below AUVs and that would more kind of potential for closings. I think you called it a guardrail for closures. Does that remain true? And has that changed with the latest round of PPP? So I'm just trying to understand whether you expect elevated closures to stay around for the next couple of quarters, or has the PPP change things? F. Mark Wolfinger -- President Jake, it's Mark. That's a great question, a very broad one. So I'll try to sort of take it apart a little bit, and maybe John and Robert will jump in here as well if I miss something. So I think back again on the annual number, we had 73 closures, 67 of those were low volume, $1 million or less in AUV. We did mention in one of our previous calls, I think it was in the third quarter call, the fact that -- I think it was in Robert's script, actually, Robert mentioned that before we had the question, we had identified somewhere between 50 and 75 more lower volume stores. And so obviously, some of those closed during the fourth quarter to take our total number up to 67 closures on the low volume side, 73 in total, 67 low volume. I think the other part of your question was around PPP and really the second round of PPP, which obviously we're in the early stages of the application process. Again, we're supporting our franchise system and are optimistic about the PPP funding. I think I would stick probably with that 50 to 75 range that Robert provided and knowing that we also closed some during the fourth quarter as well. Again, an average unit volume of $1 million is not universal as far as the profitability of that location depending upon where you are in the country. So obviously, the higher operating environments like the West Coast, average unit volume is, obviously, the expectation out there is stronger, the cost of real estate, the cost of labor, etc. But in other parts of the country, a lower volume store, lower -- below the chain average. And again, our franchise system average is $1.7 million, those stores actually may be profitable in different parts of the country. So it's tough to provide a universal response. But again, I go back to Robert's comments in third quarter that was 50 to 75 more lower volume stores. That was a US number, by the way. We obviously closed several more during the fourth quarter that took our number to 67 closures, low volume side. And so that number, that 50 to 75 range sort of sticks with some kind of adjustment, obviously, the fourth quarter closure. So that's a long-winded response, but certainly happy for a follow-up question, Jake, if you have any. Jake Bartlett -- Truist Securities -- Analyst Great. No, that's very helpful. And then really the last question is on the virtual brands, you've mentioned that 50% are going with one concept, 50% are going with the other. Is there overlap between those two? I'm just trying to figure out whether you've given the franchisee a choice of one or the other, or if not, [Indecipherable] decisions? Is it more of a regional from separation, or how do you become -- how is that 50% of the franchisees are taking on each of the two brands? John C. Miller -- Chief Executive Officer That's a great question. This is John again. So widespread interest, it falls along the typical lines. We have franchisees that are hungry for transactions. The trial like to be front-ended test and change. And they would be the type of franchisees that would do both brands. And then we have others just for complication reasons or staffing level questions, might want to just do one of the two and not both. And so you get a mixed bag across the whole system of how this is being adopted. And then you have those that say, let's -- let everybody else go first and figure out all the challenges of training and inventory and then they want to surely jump in after things have been perfected a little bit. So that tends to be our style of rolling things out that wouldn't be seen as a brand mandate. It's not straight-line Denny's-related. It's a benefit to help build transactions -- incremental transactions for our system. So we've been pleased with the enthusiasm about it. The system asks the same kinds of questions of how things are going in the test stores. And again, there's a fair level of interest and sign up in the early going. Jake Bartlett -- Truist Securities -- Analyst Great. Thank you very much. Appreciate it. Operator Thank you. We'll now take our next question from Todd Brooks with CL King & Associates. Todd Brooks -- CL King & Associates -- Analyst Hey. Good afternoon, everybody. Hope everybody is well. John C. Miller -- Chief Executive Officer Hey Tom. Todd Brooks -- CL King & Associates -- Analyst Just a follow-up -- hey everybody. Just a follow-up to that last question. How unusual is it -- and I know you haven't shared results with the virtual brand test, but with new initiatives in the past, how unusual is the strength of this response from the franchisees where you see half the base willing to move forward fairly quickly with both of the brands? John C. Miller -- Chief Executive Officer Right. Well, this is very unusual because it's a virtual brand, and there would be no part in our history. Quite frankly, there's not a real strong precedent in the industry history to do those virtual or host kitchens. I'd say that's a fairly new phenomenon that's been born. Some people see it as a race. If they have scaled brands with distribution across lots of states to get something in there to grab the space or the page in DoorDash and others see it as a distraction. There are some types of things that if you go first and big, you can grab a lot of share, but we don't think that the -- we don't think that the results of a couple of prominent announced brands will be that similar results for all virtual kitchens. We think that's -- there are some extraordinary standouts and people use that as the benchmark. They might be disappointed, but there's been some extraordinary launches. But we do still think it has a place, when you have capacity and family dining Sunday through Thursday after 5:00 and late-night capacity, and can build virtual brands with a small number of SKUs in the wheelhouse of your cooks' capacity. So in our case, we're particularly good at the grill. We have large oftentimes doublewide grills in our restaurant. Cooks don't have to run down to the fryer very often for these options other than to put some french fries or onion rings in the orders. It's an opportunity for us to sell shakes, and it's also an opportunity ultimately to build brand equity by how things are revealed or discovered through time, or to add some of the favored items into the core menu at Denny's. So it has a positive benefit to scale brands, and we think it's good to be in this game and participating. So there isn't really a benchmark. It's a great question. I would say when it comes to enthusiasm, it's very similar to the norm of who wants to be at the front end of anything complicated, new buttermilk pancakes, and it used to be sort of a box-and-add-water [Phonetic] versus something more complex, larger pancake, different spatula size, different grill capacity and how much room we took up. And all those things are quite complicated and different when we first rolled it out a few years ago, and there are those of early adopters saying, "I can't wait to get it." Another said, "Well, let me wait till the end." So I say it's a similar response to that -- the kind of things that are just [Indecipherable] in an organization. But again, this is -- it's just an unprecedented day in industry history. Todd Brooks -- CL King & Associates -- Analyst That's helpful. Thanks, John. And then, John, you talked earlier about kind of a reopening flow chart in the 24/7 operating model. And I guess it may be helpful. I mean, people look at this 926 units that are still in the limited model. Is there a way to parse that between operators that would be allowed to open or choosing not to do it now because of staffing reasons versus how much of that bucket just would be unable to open or it would make sense to open given current restrictions? John C. Miller -- Chief Executive Officer Yeah. I would say very little. This is due to a franchisee digging in their heels and say, "I just don't want to do it right now." I think most of this has to do with legitimate restrictions and the process of sort of marching back toward opening and lift. So the staffing and the logical progression of building up the talent and the capacity, we followed it to. And so I think, therefore, this is going to happen in a fairly material way as the year and these restrictions unfold. We're waiting for the colors to change basically in each jurisdiction. Todd Brooks -- CL King & Associates -- Analyst Which makes sense why there wouldn't be an incentive program is now done, if it is truly capacity-constrained. And then that final -- sorry, go ahead, John. John C. Miller -- Chief Executive Officer Well, I was just going to add one point that Robert made earlier about how -- in his script, how the similar results and also in mind at -- to the early going in this year compared to October, November. Remember that in California, as things have lifted before, you had the summer to build up dining rooms on the parking lot. And then with the recent change here in the middle of winter, so even though those lifts have occurred very, very recently, in California, it's still takeout only, but the ability to resurrect staff for dining rooms, I would say that that's still late and it's still coming. So we've had really strong similar results in spite of the fact that there aren't as many diners on the parking lot reopened as of yet. So it's a positive sign about how you look at it. Todd Brooks -- CL King & Associates -- Analyst Great. That's helpful. And then my final question is -- it goes back to what Jake was asking about with incremental off-premise revenues. Trying to think about it a different way. If we look at components of off-premise and if we talk to curbside and how customers have embraced that, because I think that may -- you may get extra visitation because you're almost creating a drive-thru like experience that drives frequency. And then if we could talk about your views on outdoor is an incremental source of sustainable off-premise revenues as dining rooms reopen, I'm just -- out of the 4,000 incremental, I think there's some times of these new initiatives that would be stickier third-party delivery for a dine-in transaction? John C. Miller -- Chief Executive Officer Yeah, I think that's pretty easy to look back in history, see family dining, breakfast, lunch, dinner and late night, and how that breaks out. Breakfast and lunch sort of makes up the bigger component versus dinner and late night. Dinner and late night is when people want to use a patio or maybe early in the morning in temperate places, California, Arizona in the spring and fall. But on the whole, dining on the patio, I'd say, is sort of not a major long-term initiative for us. It's to get through pandemic. Carhop, curbside service, the main point is if I'm coming to pick up, and I'm not using delivery today, don't make me get out of my car. So different parking lots will have different configurations. And so whether it's curbside delivery, carhop, order from the parking lot, and maybe I ordered on the way here from my app, god forbid, while driving, and sort of we'll park somebody to make sure we can text and get them food. But the point of it is all of those different types of delivery systems vary by store, but there -- we believe those are sort of permanent installations for contactless safe, secure, sanitary and good packaging that holds food the long time for a better dining experience. All those things we think are permanent installations for full service. And frankly, for quick-serve and fast. Todd Brooks -- CL King & Associates -- Analyst Great. Thank you. Operator Thank you. We'll hear next from James Rutherford with Stephens Inc. James Rutherford -- Stephens Inc. -- Analyst Hey. Thanks for getting me in here. Just a few quick questions kind of tie some other questions have been asked already. I was curious on the temporary closures. At the end of December, 31 units were temporarily closed. And then that ticked up a little bit in January and February. I'm curious what drove that given kind of from what I have seen, it looked like maybe there were a few incrementally fewer restrictions in those months. Just curious on that front. And then a couple of other follow-ups, please. Robert P. Verostek -- Senior Vice President, Chief Financial Officer James, this is Robert. Yeah, we have seen a few tick-ups with regard to that. If you recall some of the latest data with California. They have just recently begun lifting those restrictions with regard to their dining. And candidly, they're not back in any material way to on-prem dining. I believe we have maybe one unit that is open to on-prem dining. So I think it's just a -- just the aggregation of the effects predominantly in those states where there hasn't been that on-prem dining. I don't think that, that is an indicator of the closures. I do think it is more along the lines of what Mark spoke to earlier, the lower volume units in the how the 50 and 75 units in that $1 million or less adjusted for what happened in Q4, how they react going forward. So I don't think that's really an indicator of closures, just more over a prolonged impact of just really being tightened down with some pretty significant restrictions. James Rutherford -- Stephens Inc. -- Analyst Got it. That's helpful. And then I just had two numbers-related questions. If I got my math right, the royalty rate in the quarter was around 3.8%. Was that some sort of incentives because a little bit below the 4.1% you historically have run. Just kind of how to think about that going forward. And then G&A was $20.5 million, up a little bit sequentially and year-over-year. I know there's a lot of peak components of that. So just any help you can provide on G&A and into royalty rate going forward? Thank you so much. Robert P. Verostek -- Senior Vice President, Chief Financial Officer Hey James, it's Robert again. With regard to the royalty rate, you are correct, that was in that 3.8% range. One of the things that I think I know with regard there was the idea that with our third-party delivery, the fees associated with the third-party delivery, we do not charge royalty on those, although they do come in through the top line. So again, that is a concession, that's not a permanent concession that we have made to our franchisees. But one that is in existence currently, and it really has helped support the -- really the doubling of our off-prem business over that time frame. So that really is probably the largest piece to help you reconcile the royalty rate that we would have. They're typically that 4-plus. As you would see stated, as we move the margin from 4% to 4.5%, that impacted on those -- not charging a royalty on those third-party fees. Remind me, pardon me, on the G&A question. James Rutherford -- Stephens Inc. -- Analyst Yeah, no problem. It was just the G&A was, I think, $20.5 million or so this quarter. So the touch up kind of year-over-year and sequentially. And I'm just curious kind of what the run rate to go on the go-forward G&A, please? Robert P. Verostek -- Senior Vice President, Chief Financial Officer Yeah. So that's an excellent question, James, and happy to answer it. I think that, in large part, what you're seeing in Q4 is just really some variability on the incentive compensation on how it was recorded over the year, particularly in that stock-based compensation. If you go back and look at the early on quarters, we reversed off a bunch of stock-based compensation. The Board then came back and modified a couple of those plans. There's 8-Ks out there that would point to those modifications that then required us to book some of that back up in the back half of the year, particularly into Q4. So when you look at it on an annual basis, it makes more sense than if you do on a quarterly basis. If you look at one of the longs that I called out specifically, however, was in that, what we're calling the corporate administrative expenses. Internally, we call that core G&A, that is down quarter-over-quarter and year-over-year pretty significantly. Kayla Money, who works on Curt's team, actually included a really, really nice chart on Page 33 in the investor deck that really kind of breaks out the flow of G&A. And when you look at it, that core G&A is down significantly and really a couple of pieces on that slide. We call out how we progress through the savings that we indicated from our refranchising and development strategy of -- late 2018, into 2019, and some of the more and the impacts of what we have done through COVID. So I think that really the volatility exists in some of those incentive compensation lines but the reality is, is that core, the core G&A piece, the salaries, the T&E and the such is down and will continue to be down when you look at that chart. James Rutherford -- Stephens Inc. -- Analyst Very helpful. Thanks and congrats on the progress you all are seeing. Robert P. Verostek -- Senior Vice President, Chief Financial Officer Thanks, James, appreciate it. Operator Thank you. We'll take our next question from Jon Tower from Wells Fargo. Jon Tower -- Wells Fargo Securities -- Analyst Great. Thanks for taking the questions. Appreciate it. Most of them have been answered, but just kind of following up to some earlier ones on the domestic development commitments. Can you maybe tie a time frame for those 75 that were affiliated with the refranchising commitments really in 2019? Should we think about those opening over the next three years, over the next, I don't know, 10 years? I'm just curious to kind of get an idea behind that? F. Mark Wolfinger -- President Yeah, John, that's a great question. It's Mark, and I'll address your comments there. On the development agreement, we said we've got north of 75 domestic development agreements. Again, you're absolutely right, that came out of the refranchising strategy in 2018 and 2019. And normally, the way those development agreements work is the first store, as I say, multi-unit development agreement. The first store probably opens 18 months, 18 to 24 months out after the transaction closes. So I'll get to some specific answers on your question. One of the things that we've done is we've extended time frames for both a remodel commitments and new store development commitment. So that, again, that was part of are working very closely with our franchise community, being empathetic with everything that they're going through from a capital cost standpoint. On the development agreements themselves, they were extended by a year. To specifically answer your question, a significant portion of those new store development agreements really kick in, I would say, '22 and beyond. And actually, a lot of them kick in '23 and '24 time frame. Yeah. And I think probably in a follow-up call with Curt and Kayla will probably give you a little bit more specifics, but that gives you the flavor of those agreements. Jon Tower -- Wells Fargo Securities -- Analyst Okay. Thank you. And then thinking about the remodels themselves, obviously, that's been delayed a little bit as you just hit on. But because of COVID and everything that's taken place, how -- has the plans on the actual remodels themselves, have they been tweaked a little bit to address perhaps even just the greater off-premise mix, maybe easier ingress -- egress for customers? Obviously, you've now rolled out curbside. But has the remodeled prototype change and/or the cost behind those changed because of what we've seen in the past, I guess, almost 12 months now? John C. Miller -- Chief Executive Officer Yeah. So that is a great question. As you can imagine, with the multiple versions of curbside, carhop service, drive-thru kiosk with actual windows, pickup windows or ordering windows. The equipment, headsets and all things required to test those. And then the enhanced to-go stations at the pickup stations inside the restaurant for third-party delivery company fees [Phonetic], our servers fees, all those things have evolved over the last couple of years in how remodels have been done. So each of those are sort of incorporated in along the way. So therefore, the latest prototype -- if you're a new franchisee or a franchisee with lot of development agreements and said, what's the latest greatest, we keep those plans fresh, we refresh those all the time. And there are local store options for a number of different approaches, depending on the size parking lot, ingress and egress. In terms of additional costs, I'd say it's not a material change because it's been evolving. Over quite a period of time. Now if someone put in a fast-food style drive-thru, double-lane and preview windows, that would be more expensive. But with an average seven or eight-minute advertiser time and other than a well-done steak, it's sort of eight or nine-minute cook time as in a full-service restaurant. You're not going to try to put in a 57, 60-second drive-thru type operation. This would be more a pickup or a late-night security thing and you park off to the sideway until we call you back up for your food being ready. So the way it's applied in a full-service application lends itself to our operation, our 24-hour operation, with modest changes in cost and modification. So we do refresh those along the way. But I don't think I answered the full question there. I might have missed a piece. Jon Tower -- Wells Fargo Securities -- Analyst No, you got most of it. It sounds like it's going to be a bit of a case-by-case basis in terms of what the franchisee wants to do with the individual location. John C. Miller -- Chief Executive Officer And what their lot will allow them to do. So again, the remodel plans and the prototype plans evolve in real-time as these initiatives unfold. Now as far as any texture change to the remodel, Heritage 2.0 does address external and internal imagery and just refreshes the Heritage prototype. So that program, to Mark's point, has been delayed but there is still enthusiasm for that version of the brand. Jon Tower -- Wells Fargo Securities -- Analyst Got it. And then just switching a little bit to the virtual brands. In terms of how this is going to be communicated to the consumer, will there be a brand affiliation to Denny's? So will it be The Melt Down brought to you by Denny's? And the reason I ask that is thinking about some of these options are very successful on virtual platforms, how quick can you bring it to your stores? And will consumers then come to your stores if they know it's available there, if there's no brand affiliation. I guess I'm curious to kind of think how you're handling all those. John C. Miller -- Chief Executive Officer Yeah. So some of these things, like a grand slam which that appears as a melt and then also on our menu, they're all very identical now. You just -- it's not overtly Denny's, but if you look at the fine print -- or it's not really fine print. If you look beyond the bottom, if you're paying attention, it already claims brought to you by Denny's. So the astute customer, once the trades sort of make their publications, I doubt if there's anybody that's ordering It's Just Wings and doesn't know it comes from Chili's by now. And I do believe this is becoming an expectation of the third-party delivery companies that they expect you to review that so that they don't find themselves in hot water as well. So I think the transparency is a consumer expectation, we would be no different. We do expect to build some brand equities sort of on the back end of this as more of these things can find their way onto the core menu. Jon Tower -- Wells Fargo Securities -- Analyst Got it. And then just last one from me, and I know it's very early days, but the vaccine has been slowly rolling out. Are you seeing anything, perhaps in some of the markets that have looser restrictions than, say, California, where you're seeing some of the older guests return to the stores, certainly relative to what we've seen over the past several months, I guess, it might be hard to see what they're doing online. But certainly, [Speech Overlap] are you seeing all their folks come back? John C. Miller -- Chief Executive Officer I think it -- this is a little bit of a -- could never approve it. Each state, or each jurisdiction -- Austin has the personality. San Antonio has a personality. Miami Beach has got a different personality than Fort Lauderdale. Each township seems to behave in unison to some degree. This area is a little freer to go out. This area is a little more conservative and afraid. It does have age associated with it, whether it's more conservative and less risk-taking among seniors and boomers because of the natural risk associated to lungs and immune systems of those of us that are older. But it does seem that that's in very active states, you see that applied a little less conservatively. And then in places where the governor is especially concerned and the news about it is a little more conservative, and you see a little bit more conservative consumer behavior. So it's been interesting to watch how that gets applied a little differently. I do believe that as the vaccines come out -- my mom's got a lung disease. She's 84 years old. We've been really protective around her. She's got the vaccine. She's ready to go right back to San Francis Hospital and start painting everybody's nails like she did every Monday the last 20 years there, and she's ready to go back and do all of her voluntary at the church. She, all of a sudden, believes she's bullet-proof. So I do believe that that attitude of that generation will prevail, and they're going to be out to eat before you know it. Jon Tower -- Wells Fargo Securities -- Analyst All right. Thank you and best of luck. I appreciate the time. John C. Miller -- Chief Executive Officer Thank you. Operator Thank you. We'll take our next question from Brett Levy with MKM Partners. Brett Levy -- MKM Partners -- Analyst Great. Thanks. Appreciate you guys fitting me in. In the past, you've talked a little bit about qualitatively how your different dayparts have performed. If you'd care to share a little bit more color in terms of how a different day part cohorts did, how you did weekday, weekend? And then I have a question on the franchise side. John C. Miller -- Chief Executive Officer Sure. This is John. I'll let Robert add some details I might not have. But if you look at the quarter and you look at the full year of 2020, it's not really different than 2019 or 2018. Our breakfast dayparts about 29.5%, call it, percent of sales. For the quarter for the year, it's right at 29%. Lunch is 34.6% for the quarter, for the year, 35%. So they behave in real similar ways so far. Dinner is about 19.5% and late night about 16.5%. So that makes up the daypart mix. And Robert, you might want to comment on the balance of that question. Robert P. Verostek -- Senior Vice President, Chief Financial Officer Yeah, John. So when you look at it, Brett, and if you look at the performance over the course of the year, and this is pretty consistent whether you're looking at the quarter of the year, we actually have had some pretty good performance on a relative basis into the dinner and late-night dayparts. The daypart that's trailed pretty much in 2020 was that lunch daypart as people reacted to the pandemic, but we were really kind of pleased frankly with how dinner and late night responded. In particular with late night, we were pleased as we captured more trials. People that have that opportunity, other locations were closing early and have the opportunity to come see what we could do at late night, which involves many of those franchisees that we talked about getting back open 24/7. The ones that did that really were somewhat rewarded for that. So I would say, on balance, the dinner and late night dayparts were realistically outperformed the launch -- sorry, lunch daypart with breakfast kind of holding its own. Brett Levy -- MKM Partners -- Analyst And just taking that a step further, you talked about the late night comp went down 6% for those units able to go 24/7. What did you see in terms of restaurant level margins for those -- for the different cohorts, whether it's the 75%-plus capacity, the 25% capacity, those operating with the 24/7? And then just one follow-up. Robert P. Verostek -- Senior Vice President, Chief Financial Officer Yeah, Brett, it's Robert again. With regard to that, we really haven't broken that out. What I can tell you is if you think back to when we started talking about the -- our refranchising strategy, taking you back two years now, we talked about getting to 18% to 19% restaurant level margins once we have rightsized the portfolio, getting down to this number of units. I can tell you that the complement that make up those margins down today are a little different, right? So we have doubled our off-prem business and we -- and as such, we would have additional third-party fees, we have additional packaging costs. So that will impact how we look at those 18% to 19% margins. But the reality is the sales is all here. So while we haven't given the specific number, as you get closer to flat sales to 2019, we'll be approaching those adjusted 18% to 19% levels that we get to. That's really the driver here is getting the sales and leveraging those back up. Admittedly, they will be impacted by how much of that doubling of that off-premise business that we keep. Brett Levy -- MKM Partners -- Analyst And then just one question, conversations you've had with the franchise community, just a thought of how they might be thinking about it. They've obviously had -- they're getting the assistance from PPP. They've gotten the systems from you, but now they're being asked to return to the normal 24/7, introduce the virtual brands, they'll have to layer on remodels in that. And now there's also the looming specter of rising minimum wage. How are they feeling about all of this while still dealing with what could be just drinking from a firehose in terms of sales recovery? John C. Miller -- Chief Executive Officer Well, I think in general, the -- if you're in the hospitality business, you have the rhythm of remodels, development, wage and commodity discussions on a regular basis. So I think that people are tempered for this. To say drinking from the firehose when you're adding on virtual brands, third-party delivery changes in technology, a new remodel scheme, we've been amazed at how scrappy our system has been sort of adopting these things in real time. I think what goes a long way is the level of communication we have with weekly steering calls with our Denny's franchisee association leaders of each of our brand advisory councils and then monthly calls with our leadership team with the full Denny's Franchisee Association board and then very active brand advisory councils through marketing supply chain that are on weekly calls for just all things related to marketing, operations, rollouts, training schemes. And I think that commitment to really good communication helps temper what feels like a heightened level of activity and recovery going on in the system. We've also delayed remodels and development dates, which I think gives people a form of relief and understanding. And then because different parts of the country have different experiences with tip credits and wage inflation, we also have a lot of restaurants that have gone through, but the rest of the country is now considering. So I'd say our ability to talk about these things on a regular basis has helped temper that feeling of it being a firehose. Hopefully, that helps. I don't know Robert or Mark, if you want to add anything. Robert P. Verostek -- Senior Vice President, Chief Financial Officer Yeah, John, this is Robert. Just to add on with regard, I think minimum wage was mentioned within that question from Brett. I would tell you that we -- I'll let John, you speak on the Denny's philosophy toward minimum wage, but just practically from a numbers standpoint, I think the best representation of the financials related to minimum wages, it comes out of California. If you think about, as they've increased their minimum wage kind of in a tempered pace over that time frame, if you look at that time frame from us, California has outperformed the system. And during -- over that time frame, they had six consecutive years of positive guest traffic -- not just positive sales, but positive guest traffic as the minimum wage was going up. But it was a very tempered way, still going on, putting money into the pockets of our consumers, right, to spend back with us. So we actually have seen the benefit of minimum wage in a tempered way. I will correlate that to what happened in Arizona with the November 16 election where they had their minimum wage increased 25% overnight across the entire spectrum of our hourly labor pool. And that was much more difficult to deal with, to capture -- to cover a 25% minimum wage increase even on a dollar basis, let alone a rate basis, required us to take 5% to 6% to 7% pricing, and that's just so unnoticed by our consumer and does have a traffic consequence. As I mentioned, in California, when you're more moderated in those increases, we can cover that with 2% to 3% pricing and thus not as impactful to the consumer. So we -- again, I'll pass it over to John to talk philosophically about minimum wage, but we have seen it within our system in a way that can be beneficial. John C. Miller -- Chief Executive Officer And philosophically, all I'd say is that we're a brand that supports the notion that there's going to be a breadwinner in every family that ought to be able to make a living wage. At the same time, we believe that our industry, restaurants and retail are unique, but also supports the need to have a starting wage and those sometimes politically deal at odds with each other. And rather than being a political lightning rod, we just are advocates for small business and good sound policy, and we always appreciate it when leadership in the state level, governor level, or Congress, senate will give us a listening ear to understand our industry, whether it be tips or wage or the pace of wage inflation. So we want to be a sounding board for a reason. Brett Levy -- MKM Partners -- Analyst Thank you. I appreciate all the color. John C. Miller -- Chief Executive Officer Thanks, Brett. Operator Thank you. That does conclude today's question-and-answer session. I'd like to turn the conference back over to management for any additional or closing remarks. Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis Thank you, Cody. I'd like to thank everyone for joining us on today's call. We look forward to our nextearnings conference callin early May, and we will discuss our first quarter 2021 results. Thank you all, and have a great evening. Operator [Operator Closing Remarks] Duration: 77 minutes Call participants: Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis John C. Miller -- Chief Executive Officer F. Mark Wolfinger -- President Robert P. Verostek -- Senior Vice President, Chief Financial Officer Nick Setyan -- Wedbush Securities -- Analyst Michael Tamas -- Oppenheimer -- Analyst Jake Bartlett -- Truist Securities -- Analyst Todd Brooks -- CL King & Associates -- Analyst James Rutherford -- Stephens Inc. -- Analyst Jon Tower -- Wells Fargo Securities -- Analyst Brett Levy -- MKM Partners -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Our operations team has also reinforced the critical need for comfort by reminding our entire system of the rules we live by, including expectations that everyone is welcome to dine at Denny's, everyone is treated like our favorite guests and everyone has shown kindness and respect. Denny's Corp (NASDAQ: DENN) Q4 2020 Earnings Call Feb 16, 2021, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day and welcome to the Denny's Corporation Fourth Quarter and Fiscal Year 2020 Earnings Call.	Thank you for joining us for Denny's fourth quarter and full year 2020earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer, Mark Wolfinger, Denny's President, and Robert Verostek, Denny's Senior Vice President and Chief Financial Officer. Operator [Operator Closing Remarks] Duration: 77 minutes Call participants: Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis John C. Miller -- Chief Executive Officer F. Mark Wolfinger -- President Robert P. Verostek -- Senior Vice President, Chief Financial Officer Nick Setyan -- Wedbush Securities -- Analyst Michael Tamas -- Oppenheimer -- Analyst Jake Bartlett -- Truist Securities -- Analyst Todd Brooks -- CL King & Associates -- Analyst James Rutherford -- Stephens Inc. -- Analyst Jon Tower -- Wells Fargo Securities -- Analyst Brett Levy -- MKM Partners -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Denny's Corp (NASDAQ: DENN) Q4 2020 Earnings Call Feb 16, 2021, 4:30 p.m.	Thank you for joining us for Denny's fourth quarter and full year 2020earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer, Mark Wolfinger, Denny's President, and Robert Verostek, Denny's Senior Vice President and Chief Financial Officer. I think what goes a long way is the level of communication we have with weekly steering calls with our Denny's franchisee association leaders of each of our brand advisory councils and then monthly calls with our leadership team with the full Denny's Franchisee Association board and then very active brand advisory councils through marketing supply chain that are on weekly calls for just all things related to marketing, operations, rollouts, training schemes. Operator [Operator Closing Remarks] Duration: 77 minutes Call participants: Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis John C. Miller -- Chief Executive Officer F. Mark Wolfinger -- President Robert P. Verostek -- Senior Vice President, Chief Financial Officer Nick Setyan -- Wedbush Securities -- Analyst Michael Tamas -- Oppenheimer -- Analyst Jake Bartlett -- Truist Securities -- Analyst Todd Brooks -- CL King & Associates -- Analyst James Rutherford -- Stephens Inc. -- Analyst Jon Tower -- Wells Fargo Securities -- Analyst Brett Levy -- MKM Partners -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool.	Thank you for joining us for Denny's fourth quarter and full year 2020earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer, Mark Wolfinger, Denny's President, and Robert Verostek, Denny's Senior Vice President and Chief Financial Officer. Operator [Operator Closing Remarks] Duration: 77 minutes Call participants: Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis John C. Miller -- Chief Executive Officer F. Mark Wolfinger -- President Robert P. Verostek -- Senior Vice President, Chief Financial Officer Nick Setyan -- Wedbush Securities -- Analyst Michael Tamas -- Oppenheimer -- Analyst Jake Bartlett -- Truist Securities -- Analyst Todd Brooks -- CL King & Associates -- Analyst James Rutherford -- Stephens Inc. -- Analyst Jon Tower -- Wells Fargo Securities -- Analyst Brett Levy -- MKM Partners -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Denny's Corp (NASDAQ: DENN) Q4 2020 Earnings Call Feb 16, 2021, 4:30 p.m.	76597b39-adbd-4c52-85c0-ff14523a062b
727304.0	2021-02-08 00:00:00 UTC	Netflix's Strong Fourth Quarter and What We're Watching Now	DENN	https://www.nasdaq.com/articles/netflixs-strong-fourth-quarter-and-what-were-watching-now-2021-02-08	nan	nan	When Netflix (NASDAQ: NFLX) reported its fourth-quarter earnings, the company surprised investors with its subscriber growth and other important metrics, and the stock jumped to an all-time high. But what about in the post-pandemic world? In this Fool Live video clip, recorded on Jan. 25, Fool.com contributors Brian Withers and Jason Hall discuss the latest results from the streaming video giant and what they're keeping an eye on in 2021 and beyond. Find out why Netflix is one of the 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* Tom and David just revealed their ten top stock picks for investors to buy right now. Netflix is on the list -- but there are nine others you may be overlooking. Click here to get access to the full list! *Stock Advisor returns as of November 20, 2020 Brian Withers: Netflix. Netflix leaped to an all-time high. If it couldn't get any higher, investors were excited with their earnings released last week. The growth of the new viewers exceeded expectations around 8.5 versus the expectation of 6 million. They hit 200 million users for the first time. Reed Hastings got his steak from Denny's and ate it at home. [laughs] Steak to go to celebrate. [laughs] The multi-billionaire gets steak from Denny's. I just don't understand, but hey. [laughs] The big news that what everybody was excited about, not only was just the continued growth, is they're going to expect to be cash flow neutral in the coming year, which is fantastic because they're not going to need new sources of cash to fund growth or their new content which was for a long time a bearish tick on Netflix. Growth slowed down a little bit, it was around 21.5% versus 30% from a year ago. But to me, it's a 23-year-old company, $25 billion in trailing-12-month sales and growing at 20% plus. Absolutely amazing. What to watch going forward? [laughs] What to watch? You need to watch Netflix original content of course. Stranger Things, Mindhunter is really interesting look at FBI and they're tracking a serial killers. My wife and I are right now hooked on Peaky Blinders. We're on season 3, we're right in then middle we're binging on it. It's an awesome show and the Netflix original content is just top-notch. It really will keep customers around for a long time. Jason Hall: There's a couple of things I'm watching with Netflix. Yeah. No. 1, it's great that they're at the point where their cash flows are going to support their continued development. Because the bottom line is they're still going to have to spend a ton of money on that development. There's just no getting around that at all. Brian Withers owns shares of Netflix. Jason Hall has no position in any of the stocks mentioned. Matthew Frankel, CFP has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Netflix. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Reed Hastings got his steak from Denny's and ate it at home. [laughs] The multi-billionaire gets steak from Denny's. When Netflix (NASDAQ: NFLX) reported its fourth-quarter earnings, the company surprised investors with its subscriber growth and other important metrics, and the stock jumped to an all-time high.	Reed Hastings got his steak from Denny's and ate it at home. [laughs] The multi-billionaire gets steak from Denny's. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.	Reed Hastings got his steak from Denny's and ate it at home. [laughs] The multi-billionaire gets steak from Denny's. When Netflix (NASDAQ: NFLX) reported its fourth-quarter earnings, the company surprised investors with its subscriber growth and other important metrics, and the stock jumped to an all-time high.	Reed Hastings got his steak from Denny's and ate it at home. [laughs] The multi-billionaire gets steak from Denny's. When Netflix (NASDAQ: NFLX) reported its fourth-quarter earnings, the company surprised investors with its subscriber growth and other important metrics, and the stock jumped to an all-time high.	f20f75df-aa2e-45c4-b617-395e35b06253
727305.0	2020-11-16 00:00:00 UTC	Why Restaurant Stocks Jumped on Monday	DENN	https://www.nasdaq.com/articles/why-restaurant-stocks-jumped-on-monday-2020-11-16	nan	nan	What happened Shares of restaurant stocks jumped again on Monday after another round of good news about a coronavirus vaccine. Shares of Ruth's Hospitality Group (NASDAQ: RUTH) rose as much as 11.6%, Bloomin' Brands' (NASDAQ: BLMN) stock was up 10%, and Denny's (NASDAQ: DENN) was up 10.5% at its high. The shares closed the day up 8.7%, 5.1%, and 6.3%, respectively. For the second week in a row, investors are bidding up shares of food and entertainment stocks on the back of positive vaccine news, this time from Moderna. The company released data today that showed its vaccine is nearly 95% effective against COVID-19, which follows positive news from Pfizer last week. Image source: Getty Images. So what Consumer discretionary stocks have been crushed by COVID-19, and no industry has been more devastated than restaurants. Indoor dining has been restricted in most parts of the country, and consumers simply aren't going out to eat even if it's allowed. So a vaccine would be good news long term. You can see below that restaurants have been hit on multiple levels. First, revenue and earnings have gotten crushed by the pandemic. RUTH revenue (quarterly) data by YCharts. Second, shares have plummeted, and even as the market has recovered, these stocks have lagged. RUTH data by YCharts. The vaccine news should be good for restaurants long term, but we still don't know the timing of widespread vaccine delivery. It's not until COVID-19 is only affecting a small number of people that the pandemic will be over, and that could still be many months away. Now what The stock market is forward-looking, so the operational hardship of the next few months isn't the focus of investors today. Instead, those buying restaurant stocks are betting that operations will get back to some level of normal sometime in 2021, which should bring with it higher revenue and better profitability. What could help these publicly traded companies is that they've had access to capital markets and the scale of a large company, which hasn't been available to hundreds of small restaurants that have closed across the country. In 2021, there will simply be less supply in the restaurant business, so those that can stay open in the meantime could see a windfall of business next summer. Investors should be cautious thinking that the worst is behind restaurants just because a vaccine or two are on the way. The industry still has months of weak demand to get through, which will be difficult in the normally lucrative holiday time frame. But it looks like right now, there's a light at the end of the tunnel for the industry. 10 stocks we like better than Bloomin' Brands When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Bloomin' Brands wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares of Ruth's Hospitality Group (NASDAQ: RUTH) rose as much as 11.6%, Bloomin' Brands' (NASDAQ: BLMN) stock was up 10%, and Denny's (NASDAQ: DENN) was up 10.5% at its high. What happened Shares of restaurant stocks jumped again on Monday after another round of good news about a coronavirus vaccine. For the second week in a row, investors are bidding up shares of food and entertainment stocks on the back of positive vaccine news, this time from Moderna.	Shares of Ruth's Hospitality Group (NASDAQ: RUTH) rose as much as 11.6%, Bloomin' Brands' (NASDAQ: BLMN) stock was up 10%, and Denny's (NASDAQ: DENN) was up 10.5% at its high. For the second week in a row, investors are bidding up shares of food and entertainment stocks on the back of positive vaccine news, this time from Moderna. So a vaccine would be good news long term.	Shares of Ruth's Hospitality Group (NASDAQ: RUTH) rose as much as 11.6%, Bloomin' Brands' (NASDAQ: BLMN) stock was up 10%, and Denny's (NASDAQ: DENN) was up 10.5% at its high. For the second week in a row, investors are bidding up shares of food and entertainment stocks on the back of positive vaccine news, this time from Moderna. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Travis Hoium has no position in any of the stocks mentioned.	Shares of Ruth's Hospitality Group (NASDAQ: RUTH) rose as much as 11.6%, Bloomin' Brands' (NASDAQ: BLMN) stock was up 10%, and Denny's (NASDAQ: DENN) was up 10.5% at its high. The company released data today that showed its vaccine is nearly 95% effective against COVID-19, which follows positive news from Pfizer last week. Instead, those buying restaurant stocks are betting that operations will get back to some level of normal sometime in 2021, which should bring with it higher revenue and better profitability.	7a9d51fc-a18f-4149-b28a-d23461c5b089
727306.0	2020-11-10 00:00:00 UTC	Tuesday Sector Laggards: Restaurants & Eateries, Precious Metals	DENN	https://www.nasdaq.com/articles/tuesday-sector-laggards%3A-restaurants-eateries-precious-metals-2020-11-10	nan	nan	In trading on Tuesday, restaurants & eateries shares were relative laggards, down on the day by about 1.4%. Helping drag down the group were shares of Carnival, down about 10.8% and shares of Dennys off about 9.2% on the day. Also lagging the market Tuesday are precious metals shares, down on the day by about 1.3% as a group, led down by Buenaventura Mining, trading lower by about 7.4% and Avino Silver & Gold Mines, trading lower by about 5.5%. VIDEO: Tuesday Sector Laggards: Restaurants & Eateries, Precious Metals The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Helping drag down the group were shares of Carnival, down about 10.8% and shares of Dennys off about 9.2% on the day. In trading on Tuesday, restaurants & eateries shares were relative laggards, down on the day by about 1.4%. Also lagging the market Tuesday are precious metals shares, down on the day by about 1.3% as a group, led down by Buenaventura Mining, trading lower by about 7.4% and Avino Silver & Gold Mines, trading lower by about 5.5%.	Helping drag down the group were shares of Carnival, down about 10.8% and shares of Dennys off about 9.2% on the day. In trading on Tuesday, restaurants & eateries shares were relative laggards, down on the day by about 1.4%. Also lagging the market Tuesday are precious metals shares, down on the day by about 1.3% as a group, led down by Buenaventura Mining, trading lower by about 7.4% and Avino Silver & Gold Mines, trading lower by about 5.5%.	Helping drag down the group were shares of Carnival, down about 10.8% and shares of Dennys off about 9.2% on the day. In trading on Tuesday, restaurants & eateries shares were relative laggards, down on the day by about 1.4%. Also lagging the market Tuesday are precious metals shares, down on the day by about 1.3% as a group, led down by Buenaventura Mining, trading lower by about 7.4% and Avino Silver & Gold Mines, trading lower by about 5.5%.	Helping drag down the group were shares of Carnival, down about 10.8% and shares of Dennys off about 9.2% on the day. In trading on Tuesday, restaurants & eateries shares were relative laggards, down on the day by about 1.4%. Also lagging the market Tuesday are precious metals shares, down on the day by about 1.3% as a group, led down by Buenaventura Mining, trading lower by about 7.4% and Avino Silver & Gold Mines, trading lower by about 5.5%.	feb92848-fb01-40ec-ba6f-14cc6a8c67ab
727307.0	2020-11-09 00:00:00 UTC	Why Previously Discarded Restaurant Stocks Like Darden, Chuy's, Denny's, and Ruth's Chris Soared on Monday	DENN	https://www.nasdaq.com/articles/why-previously-discarded-restaurant-stocks-like-darden-chuys-dennys-and-ruths-chris-soared	nan	nan	What happened You probably already noticed that the stock market is going nuts today. That's because there's news of a promising phase 3 trial for a coronavirus vaccine. Certain businesses simply aren't built to endure a prolonged COVID-19 pandemic, and casual-dining restaurants fall in this category. But with a vaccine, investors are betting beaten-down companies like Darden Restaurants, Chuy's Holdings, Denny's, and Ruth's Hospitality Group can finally turn things around. Shares of these companies are up big today. Here's where they were as of 12:30 p.m. EST: Darden stock was up 14% Chuy's stock was up 15% Denny's stock was up 34% Ruth's stock was up 25% Here's what's got investors so upbeat. Images source: Getty Images. So what With dining rooms closed or open with limited capacity in 2020, restaurant companies have struggled. Some fast-food and fast-casual chains have done well, thanks to drive-thru and delivery options. But casual-dining restaurants just don't do as well with a to-go operating model. To illustrate, let's look at a metric called comparable sales -- the amount of sales a fixed group of restaurant locations do relative to how they did in the prior-year period. For Darden, Chuy's, Denny's, and Ruth's, comparable sales are all down. Here are the most recent results for each company. COMPANY COMPS MOST RECENT REPORTED TIME PERIOD Darden Restaurants (NYSE: DRI) (29%) June 1-Aug. 30 Chuy's Holdings (NASDAQ: CHUY) (13.8%) September Denny's (NASDAQ: DENN) (28%) September Ruth's Hospitality Group (NASDAQ: RUTH) (28%)* September Data sources: official press releases from each company. Data represents company-owned locations only. Each comparable-sales figure must be considered in context. For example, both Darden and Denny's are negatively impacted by having a lot of locations in California, a state that hasn't allowed dining rooms to reopen. Then there's Ruth's, whose steakhouses are often found in large, urban areas with strict ongoing guidelines. With this context, it's not surprising to see Chuy's sales improving the most, since a large percentage of its locations are in Texas, where the restrictions are more relaxed. However, even Chuy's would benefit from a coronavirus vaccine, as would the other three companies. Once life can return to normal, these chains have a hope of seeing business return. DRI data by YCharts Now what I have a suspicion many of the people buying these and other restaurant stocks today are looking to make a quick buck. They're likely hoping for a short-term bounce as business results improve from rock bottom. But there's a need to be discriminating in investing, choosing only the best companies for a long-term portfolio. While perhaps anecdotal, it's illustrative to note that Darden Restaurants stock is now up for 2020 while Denny's, Chuy's, and Ruth's are still down. But winning is nothing new for Darden. From January 2015 to January 2020, Darden far outperformed this group and beat the market average as well. It has a large, diversified restaurant portfolio and a long history of shareholder-friendly actions like its recently reinstated dividend. In other words, Darden has a track record of beating the market, so I'm not surprised to see it outperforming many of its casual-dining restaurant peers in this turbulent 2020. If the news of a coronavirus vaccine has you looking for beaten-down consumer-discretionary stocks, be sure you're not just looking for ones that are merely down big. Make sure you're also looking for stocks like Darden that have proven their ability to beat the market going forward. 10 stocks we like better than Darden Restaurants When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Darden Restaurants wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Jon Quast has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Chuy's Holdings. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	But with a vaccine, investors are betting beaten-down companies like Darden Restaurants, Chuy's Holdings, Denny's, and Ruth's Hospitality Group can finally turn things around. For example, both Darden and Denny's are negatively impacted by having a lot of locations in California, a state that hasn't allowed dining rooms to reopen. Here's where they were as of 12:30 p.m. EST: Darden stock was up 14% Chuy's stock was up 15% Denny's stock was up 34% Ruth's stock was up 25% Here's what's got investors so upbeat.	But with a vaccine, investors are betting beaten-down companies like Darden Restaurants, Chuy's Holdings, Denny's, and Ruth's Hospitality Group can finally turn things around. For Darden, Chuy's, Denny's, and Ruth's, comparable sales are all down. Darden Restaurants (NYSE: DRI) (29%) June 1-Aug. 30 Chuy's Holdings (NASDAQ: CHUY) (13.8%) September Denny's (NASDAQ: DENN) (28%) September Ruth's Hospitality Group (NASDAQ: RUTH) (28%)* September Data sources: official press releases from each company.	But with a vaccine, investors are betting beaten-down companies like Darden Restaurants, Chuy's Holdings, Denny's, and Ruth's Hospitality Group can finally turn things around. Here's where they were as of 12:30 p.m. EST: Darden stock was up 14% Chuy's stock was up 15% Denny's stock was up 34% Ruth's stock was up 25% Here's what's got investors so upbeat. Darden Restaurants (NYSE: DRI) (29%) June 1-Aug. 30 Chuy's Holdings (NASDAQ: CHUY) (13.8%) September Denny's (NASDAQ: DENN) (28%) September Ruth's Hospitality Group (NASDAQ: RUTH) (28%)* September Data sources: official press releases from each company.	Here's where they were as of 12:30 p.m. EST: Darden stock was up 14% Chuy's stock was up 15% Denny's stock was up 34% Ruth's stock was up 25% Here's what's got investors so upbeat. But with a vaccine, investors are betting beaten-down companies like Darden Restaurants, Chuy's Holdings, Denny's, and Ruth's Hospitality Group can finally turn things around. For Darden, Chuy's, Denny's, and Ruth's, comparable sales are all down.	a9f77d14-c212-4c71-9ab1-96f2d43f594d
727308.0	2020-09-02 00:00:00 UTC	Coffee, donuts and Spic and Span: P&G finds new ways to plug products amid pandemic	DENN	https://www.nasdaq.com/articles/coffee-donuts-and-spic-and-span%3A-pg-finds-new-ways-to-plug-products-amid-pandemic-2020-09	nan	nan	By Richa Naidu and Hilary Russ CHICAGO/NEW YORK, Sept 2 (Reuters) - Germ-conscious in the pandemic era but still craving a donut and coffee? Procter & Gamble, which has already teamed up with Dunkin' Brands to promote the use of its cleaning products in restaurants, is looking for more partners -- and it's hoping for a payoff in the grocery store aisle. Procter & Gamble PG.N is chasing deals with fast-food, hospitality, transportation and healthcare companies to stick P&G branding for products like Dawn dish soap and Spic and Span counter scrubs prominently on walls and windows  to help lure back customers who began to shy away from places like restaurants and hotels in March as fears of the coronavirus took hold, the company told Reuters. P&G  in July  struck agreements with several  existing restaurant partners - including Dunkin' Brands' DNKN.O donut shops and Denny's DENN.O coffee shops - to tout their use of Dawn and Spic and Span counter scrubs. It's a "halo effect," Paul Edmondson, the head of P&G Professional North America, said of the promotion's marketing advantage.  "It's the  same consumer  that's shopping in stores that's eating out at one of the restaurants." P&G, one of the top  advertising  spenders in the United States,  is racing against  Clorox CLX.N and Lysol maker Reckitt Benckiser RB.L to  plug home cleaning brands at  restaurants  and  other businesses. "The reason why P&G wants to do this is because...it can produce free publicity," said Kimberly Whitler, an associate professor of business at University of Virginia Darden School of Business and a former P&G marketing executive. "It's a new outlet where consumers are not necessarily thinking about P&G products, and suddenly they're seeing them there." Promoting household products such as  Spic and Span, Dawn and Microban 24  sanitizer at  major restaurant chains  can serve as a  cheap form of marketing  for P&G, said Lisa Kane,  group director for strategy at branding firm  Siegel+Gale. "It gives them more control, and they can choose who they partner with and allow this co-branding with," Kane said. P&G's clients may tout their locations as deep-cleaned and disinfected frequently, although the promotion doesn't require an inspection or any independent verification by P&G that the locations are  actually clean. Disinfectants kill whatever is on a surface, but not long term - these businesses would have to spray things down over and over again if people are constantly sitting on chairs or using bathrooms, regulatory consultant Kevin Kutcel said. "Legally, 'deep-cleaning' doesn't mean anything," he added. In May, Reckitt Benckiser signed  a deal with  Hilton Hotels HLT.N,  which put up signs and labels in hotel lobbies saying its bed sheets and common spaces are cleaned using Lysol or Dettol products. Rival Clorox Co CLX.N recently  began  working in some cities with  ride-sharing company Uber RIC, whose users now get a notification with each booking confirmation that their driver has Clorox wipes available - with the Clorox logo prominently displayed. "We believe that advertising is our way to play offense, gain market share and benefit disproportionately for years to come,"  Clorox's chief executive, Benno Dorer, told Reuters in an interview. "We can grow market share when others do the opposite." Clorox, which plans to spend an amount representing about 11% of sales on advertising  during this fiscal full year, said it is in talks with "a lot more companies" for corporate deals, but declined to name any in the works. "There's enough research suggesting that during a recession, market share gains are much stickier and have a much more profound long-term effect," Dorer  said. P&G says marketing its products is not the main goal of its deals, and it is not forcing any restaurants to use stickers that specifically cite P&G brands. To lure customers who may be nervous about dining out, some restaurant chains have begun putting signs in visible locations stating that they are  participating in safety "seal of approval" programs run by the National Restaurant Association and other groups. Nearly all  advertisers  have confronted a chaotic marketing landscape on TV and social media this year, reworking ads to be sensitive to national reckonings over the health crisis as well as racism. P&G has spent more than $65 million to  advertise  Mr. Clean on TV so far this year, and more than $36 million on commercials for  its home cleaner  Microban, according to data from TV ad tracking firm  iSpot. (Reporting by Richa Naidu in Chicago and Hilary Russ in New York; Additional reporting by Sheila Dang in New York Editing by Vanessa O'Connell and Leslie Adler) ((richa.naidu@tr.com; Follow me on Twitter https://twitter.com/Richa_Writes; +1 312 636 8874; Reuters Messaging: richa.naidu.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	P&G  in July  struck agreements with several  existing restaurant partners - including Dunkin' Brands' DNKN.O donut shops and Denny's DENN.O coffee shops - to tout their use of Dawn and Spic and Span counter scrubs. Promoting household products such as  Spic and Span, Dawn and Microban 24  sanitizer at  major restaurant chains  can serve as a  cheap form of marketing  for P&G, said Lisa Kane,  group director for strategy at branding firm  Siegel+Gale. "We believe that advertising is our way to play offense, gain market share and benefit disproportionately for years to come,"  Clorox's chief executive, Benno Dorer, told Reuters in an interview.	P&G  in July  struck agreements with several  existing restaurant partners - including Dunkin' Brands' DNKN.O donut shops and Denny's DENN.O coffee shops - to tout their use of Dawn and Spic and Span counter scrubs. Procter & Gamble PG.N is chasing deals with fast-food, hospitality, transportation and healthcare companies to stick P&G branding for products like Dawn dish soap and Spic and Span counter scrubs prominently on walls and windows  to help lure back customers who began to shy away from places like restaurants and hotels in March as fears of the coronavirus took hold, the company told Reuters. P&G, one of the top  advertising  spenders in the United States,  is racing against  Clorox CLX.N and Lysol maker Reckitt Benckiser RB.L to  plug home cleaning brands at  restaurants  and  other businesses.	P&G  in July  struck agreements with several  existing restaurant partners - including Dunkin' Brands' DNKN.O donut shops and Denny's DENN.O coffee shops - to tout their use of Dawn and Spic and Span counter scrubs. Procter & Gamble PG.N is chasing deals with fast-food, hospitality, transportation and healthcare companies to stick P&G branding for products like Dawn dish soap and Spic and Span counter scrubs prominently on walls and windows  to help lure back customers who began to shy away from places like restaurants and hotels in March as fears of the coronavirus took hold, the company told Reuters. P&G, one of the top  advertising  spenders in the United States,  is racing against  Clorox CLX.N and Lysol maker Reckitt Benckiser RB.L to  plug home cleaning brands at  restaurants  and  other businesses.	P&G  in July  struck agreements with several  existing restaurant partners - including Dunkin' Brands' DNKN.O donut shops and Denny's DENN.O coffee shops - to tout their use of Dawn and Spic and Span counter scrubs. Procter & Gamble PG.N is chasing deals with fast-food, hospitality, transportation and healthcare companies to stick P&G branding for products like Dawn dish soap and Spic and Span counter scrubs prominently on walls and windows  to help lure back customers who began to shy away from places like restaurants and hotels in March as fears of the coronavirus took hold, the company told Reuters. "It's the  same consumer  that's shopping in stores that's eating out at one of the restaurants."	88e9e664-aba1-4189-8a98-51690b484544
727309.0	2020-07-29 00:00:00 UTC	Denny's Corp (DENN) Q2 2020 Earnings Call Transcript	DENN	https://www.nasdaq.com/articles/dennys-corp-denn-q2-2020-earnings-call-transcript-2020-07-29	nan	nan	Image source: The Motley Fool. Denny's Corp (NASDAQ: DENN) Q2 2020 Earnings Call Jul 28, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation's Second Quarter 2020 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Curt Nichols, Vice President, Investor Relations and Financial Planning and Analysis. Please go ahead, sir. Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis Thank you, Jenny, and good afternoon, everyone. Thank you for joining us for Denny's second quarter 2020earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer; Mark Wolfinger, Denny's President; and Robert Verostek, Denny's Senior Vice President and Chief Financial Officer. Please refer to our website at investor.dennys.com to find our second quarter earnings press release along with any reconciliation of non-GAAP financial measures mentioned on the call today. This call is being webcast and an archive of the webcast will be available on our website later today. John will begin today's call with a business update. Mark will then provide some comments about our franchisees and development. Then Robert will provide a recap of our second quarter results and current trends before commenting on our liquidity position. After that, we will open it up for questions. Before we begin, let me remind you that in accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company knows that certain matters to be discussed by members of management during this call may constitute forward-looking statements. Management urges caution in considering its current trends and any outlook on earnings provided on this call. Such statements are subject to risks, uncertainties and other factors that may cause the actual performance of Denny's to be materially different from the performance indicated or implied by such statements. Such risks and factors are set forth in the Company's most recent annual report on Form 10-K for the year ended December 25, 2019, and in any subsequent forms 8-K and quarterly reports on Form 10-Q. With that, I will now turn the call over to John Miller, Denny's Chief Executive Officer. John C. Miller -- Chief Executive Officer Thank you, Curt, and good afternoon, everyone. This quarter has proven to be one of the most difficult quarters this country and especially the full-service restaurant industry has ever seen. However, I'm so proud of what Denny's has been able to accomplish during this unprecedented time. When states and local jurisdictions began to impose restrictions at the onset of the COVID-19 pandemic, guests and franchisees were entering unchartered waters. I'm pressed -- I'm impressed with how our devoted team and resilient network of franchisees worked so well together to quickly implement changes, so we can continue doing what we love to do most, feeding people. In addition to implementing enhanced cleanliness and sanitation standards to ensure the safety and wellbeing of our restaurant staff and guests, our team worked diligently to provide all possible options for guests to continue enjoying Denny's craveable products. These options including -- included our well-established Denny's on Demand platform, Dine-Thru curbside ordering and even converting portions of our parking lots and sidewalks into outdoor dinning rooms. Average weekly sales for all of off-premise have almost doubled since the beginning of the pandemic going from approximately $4,000 per week in February to approximately $7,900 in July. As the dining experience shifted for guests, it was important for us to develop a streamlined menu that was optimized to feature some of our more popular products and allow for greater kitchen speed and efficiency. We also introduced a new platform of shareable family meal packs, offering a delicious, convenient way to feed the whole family. We've continued to evolve this platform and now offer deserts and milkshakes, along with our popular Grand Slam burgers and chicken dinner meals for feeding a family of four. As states and local jurisdictions began to lift restrictions during the quarter, restaurant teams were trained and our enhanced health and safety measures became well prepared to reopen dine rooms and welcome back our guests in a safe environment. Our guests were ready to dine-in with us as domestic systemwide same-store sales sequentially improved from a decline of 76% in April to a decline of 41% in June. While a few states have recently reverted to more restrictive dine-in service limitations, our guests have adjusted and are utilizing our off-premise and outdoor dining options. Though reduced operating hours continue to impact same-store sales with approximately 30% of our domestic units currently operating a full 24 hours, preliminary July systemwide same-store sales were similar to June and down approximately 39%. This is despite including a partial month of the dine-in shutdown across California, a key state for Denny's that encompasses approximately 25% of our domestic restaurants. Furthermore, we are very encouraged by the preliminary systemwide same-store sales results of down approximately 41% for the last fiscal week of July, which included the full impact of the California dine-in shutdown. These sales results are a significant improvement from the low point of negative 80% in the final week of March and leads us to believe that we have already seen the lowest sales levels of this pandemic. In closing, these last few months have been challenging for our guests, restaurant teams, franchisees and employees, both financially and personally. However, one thing has always remained constant, our passion for feeding people. Our teams and franchise community have worked tirelessly to ensure that no matter what the circumstances are, we will continue to do what we love most by providing a welcoming WR [Phonetic] dining experience that is safe and clean for our guests. And I want to thank our leadership teams and franchise partners for their unwavering commitment and dedication to this brand to our guests and to our Denny's family. With that, I will turn the call over to Mark Wolfinger, Denny's President, to discuss more about our franchisees and development. F. Mark Wolfinger -- President Thank you, John. I want to echo John and express how extremely proud I am of our franchise community for the resiliency and determination during this pandemic. Their commitment to the success of this brand is truly remarkable and invigorating. While new restrictions and pause, reopening plans are not what we had hoped for, our franchisees are much more prepared than they were in March and are utilizing every option possible to serve Denny's guests. Virtually all of our domestic franchisees took advantage of the Paycheck Protection Program and have received funding that has assisted them with navigating through these tough times. In addition to these funds, we have provided relief to franchisees in the form of deferrals or abatements of royalty and advertising fees, as well as rents where we either own the property or have been able to secure relief from the landlord where we sublease to franchisees. We have also deferred all remodels until the end of Q1 2021 and extended most of our domestic development commitments for one year from their original due date to allow greater -- sorry, to original due date to allow greater balance sheet flexibility for our franchisees. We will continue to monitor these dates and adjust as necessary. Franchisees were prudent with these funds and relief efforts and made sure the restaurants were prepared to reopen in a safe and clean environment with appropriate staffing levels. Despite tremendous efforts, the unfortunate reality is some of our franchisees had to make tough decisions during the quarter. This led to the closure of 15 franchise restaurants, bringing the June year-to-date total to 31 closures. The AUVs or average unit volumes of these restaurants were well below the franchise average prior to COVID-19. And with increasing top line pressure, these restaurants, unfortunately, could not sustain in the current environment. The pandemic's impact accelerated these closings as we had anticipated them closing in the next several years, anyway, due to lower sales volumes and continued inflationary pressures. As a reminder, the average restaurant requires approximately 70% of its 2019 sales in order to cover both fixed and variable cost items. With recent restrictions and postponement of reopening plans, we expect to have additional closures in the near-term. However, we anticipate most of these situations will prove to be an acceleration of future period closures and remain confident in the sustainability and longevity of our portfolio. Our confidence is further supported by an increasing number of franchisee to franchisee transactions. As some franchisees have ultimately decided to discontinue operations of the restaurants for a variety of reasons, our development team has been working diligently to market these restaurants to well-capitalized, development-focused franchisees that wish to expand their ownership within Denny's. There have been 11 restaurants, including nine in New York, either purchased or agreed to be purchased since the beginning of the pandemic, which has provided additional growth opportunities for some of our existing franchisees. These nine restaurants in New York were part of the 15 restaurants that were previously reported by local media as having closed, but we'll be reopening under another franchisees' ownership. These transactions, along with three franchise restaurants that opened during the quarter, brought our total number of restaurants to 1,683 and speak to the confidence and future opportunities our franchisees see within the brand. As of last week, we had 55 restaurants temporarily closed, including 47 domestic franchise restaurants and eight international franchise restaurants. Additionally, 1,035 domestic restaurants were operating with open dining rooms with capacity limitations across 28 states. We also completed three remodels during the quarter, including one Company restaurant. These remodels began prior to the COVID-19 pandemic, and we do not expect any more remodels to be completed this year. We look forward to returning to net restaurant growth in the future and are confident we will do so backed by over 75 restaurant refranchise and development commitments along with our existing domestic and international commitments. We also believe opportunities will exist to expand through conversions as we emerge from the pandemic. I'll now turn the call over to Robert Verostek, Denny's Chief Financial Officer, to discuss the quarterly performance. Robert? Robert P. Verostek -- Senior Vice President and Chief Financial Officer Thank you, Mark, and good afternoon, everyone. I will start with a brief review of our second quarter results, then share an update on our strong liquidity position. Franchise and license revenue decreased 55.6% to $25 million, primarily due to the impact of COVID-19 on sales at franchise restaurants and a related one-time $3 million royalty abatement during the second quarter. Franchise operating margin was $9.8 million, or 39.1% of franchise and license revenue, compared to $26 million [Phonetic], or 48.8% in the prior year quarter. This margin decrease was primarily driven by the impact of COVID-19 on sales and the related one-time $3 million royalty abatement, partially offset by an increase in occupancy margin from additional leases and subleases to franchisees as a result of our refranchising and development strategy in 2019. As a reminder, franchisees paying rent on properties we own received a 12-week lease payment deferral. However, the income and expense are still recorded in the current period with cash expected to be received over Q4 of this year and Q1 of next year. Company restaurant sales of $15.1 million were down 84.2% due to the impact of COVID-19, as well as a 94 equivalent unit decline in our portfolio as a result of our 2019 refranchising and development strategy. Company restaurant operating margin was negative $4.5 million, or negative 29.6%, compared to a positive $15.6 million, or 16.4% in the prior year quarter. This was due to the sales and related deleveraging impact of COVID-19, as well as reduced Company restaurant portfolio achieved through our 2019 refranchising and development strategy. Total general and administrative expenses were $13.2 million, compared to $18.5 million in the prior year quarter. The decrease was due to revised achievement expectations in both our short-term incentive plan and long-term share-based compensation, as well as both temporary and permanent reductions in personnel costs due to COVID-19 and our 2019 refranchising and development strategy. This was partially offset by market valuation changes in the Company's deferred compensation plan liabilities. The results collectively contributed to adjusted EBITDA of negative $5.1 million. Depreciation and amortization expense was approximately $1 million lower at $4.1 million, primarily resulting from a lower number of equivalent Company restaurants due to our 2019 refranchising and development strategy. Interest expense was approximately $4.9 million, compared to $5.4 million in the prior year quarter, primarily due to a reduction in financing leases. During the quarter, we recorded $11.5 million of other non-cash, non-operating expenses related to the discontinuance of hedge accounting for a portion of our interest rate hedges. This was due to several factors and circumstances that were identified during the quarter and had significant impacts on the forecasted transactions, which ultimately resulted in this accounting treatment. The other non-cash, non-operating expenses include a $7.4 million reclassification of amounts previously recorded in accumulated other comprehensive loss to expense, $3.8 million related to changes in fair value associated with the portion of interest rate hedges for which hedge accounting was discontinued and a $0.3 million of expense recognized related to amounts remaining in accumulated other comprehensive loss, which will be recognized in other non-operating expense over the remaining term of the interest rate hedges for which hedge accounting was discontinued. This resulted in reclassification from accumulated other comprehensive loss to the statement of operations, but with no impact to cash adjusted EBITDA or adjusted loss per share -- adjusted net loss per share. Had hedge accounting treatment remained effective, all accounting transactions related to our interest rate swap would remain in accumulated other comprehensive loss and flow through equity rather than through the statement of operations, as previously described. The benefit from income taxes was $5.1 million, yielding an effective income tax rate of 18.1%. Adjusted net loss per share was $0.25, compared to adjusted net income per share of $0.23 in the prior year quarter. Adjusted free cash flow after cash interest, cash taxes and cash capital expenditures was a negative $11.5 million, compared to a positive $6.8 million in the prior year quarter, primarily due to a reduction in adjusted EBITDA. Cash capital expenditures, which included maintenance capital and remodels, was $1.7 million, compared to $3.7 million in the prior year quarter. As previously announced during our first quarter earnings, we entered into a second amendment to our existing credit facility, which waives certain financial covenants, including the consolidated fixed charge coverage ratio. However, even though the leverage covenant is waived, it is important to mention our leverage ratio as of June 24, 2020, was 5.4 times, and we had approximately $323 million of total debt outstanding, including $307 million under our credit facility. During these uncertain times, we set forth to further fortify one of the strongest balance sheets in the industry. Most recently, we raised $69.6 million in net proceeds from a public offering of common stock, which we subsequently used to pay down the credit facility. Immediately following these events, we had approximately $12 million cash on hand and $237 million outstanding on the credit facility, yielding approximately $100 million of total available liquidity after considering the current liquidity covenant. We also granted the underwriters a 30-day option to purchase up to an additional 1.2 million shares of common stock, which we current expect -- currently expect will expire unexercised. It is important to note that as same-store sales improved sequentially throughout the quarter so did free cash flow. Our cash burn in fiscal June was in the $1 million to $3 million range, which is an improvement from our cash burn of $5 million to $7 million in fiscal April. Absent the $3 million royalty abatement recorded in fiscal June, we would have been cash flow positive for the month. Given the dynamic and evolving impact of the COVID-19 pandemic on our operations and substantial uncertainty about future performance, we cannot reasonably provide an updated business outlook. However, in these challenging times, our management team remains focused on managing business costs while supporting Denny's recovery. In doing so, we will leverage the strength of our asset-light business model and fortify balance sheet to ensure the success of our franchisees and this brand. That wraps up our prepared remarks. I will now turn the call over to the operator to begin the Q&A portion of our call. Questions and Answers: Operator Thank you. [Operator Instructions] And at this time, we will go to Nick Setyan of Wedbush Securities. Nick Setyan -- Wedbush Securities -- Analyst Hey, all. Thanks for taking the question. Thanks for the cash flow commentary around June. Any way to parse out what margins -- unit level margins might look like -- might have looked like in June, just so we can have an idea of how to think about going forward trends and what margins may look like, even with the recent downtick in comps? Robert P. Verostek -- Senior Vice President and Chief Financial Officer Hey, Nick, this is Robert. I was looking over to Curt with regard to that. We really haven't parsed out June in any public way. I can tell you that the reality is, is that, margin is not going to improve dramatically until we can get closer -- have those same-store sales improve. If you noticed in the release -- in the earnings release, we quoted, I think, down 41% in fiscal June and then again, down 39% in fiscal July. So, I will point out to you the one benefit is, while the trending has gone -- in June was improving, and July saw somewhat of a hiccup with some of the states closing, particularly California, we did mention that absent the royalty abatement, we would have been cash flow positive in June. My suspicion, although we haven't mentioned it, is that, that trend will continue into July. But the reality is those margins are going to be under pressure until that top line gets back in shape. Nick Setyan -- Wedbush Securities -- Analyst Fair enough. The downtick in July, have you seen any kind of a downtick in states where we haven't seen closures of dining rooms? John C. Miller -- Chief Executive Officer Yes. Nick, this is John. That's a great question. It's really -- the region, it really follows the capacity. If you have good weather and can feed people on the parking lot, that helps. But basically, if you're take-out only, you are performing on the average is worse than somebody at 75%. So 25%, 50%, 75% in take-out only. We have, as we said in the script here, done quite a few scrappy things to set up kids flags, curbside Dine-Thru, hostess on the parking lot. Those things have really helped, some bright new businesses that sort of Texas outperformed the average of the brand. There was a reversal from 50% to 25% lift. And so, you sort of took it on the chin for a few days, but it seems to have -- behaves as if it's still at 50%. Part of that is we're heavy on weekends. Part of it is some of those are well-parked stores. People may be willing to turn in the parking lot, waiting for a table to be available. There's any number -- the weather's been milder in the morning, it's been hot there, but in the 90s instead of the 100s. So, any number of those things could be a little bit of a break for us. But what we -- the optimism really -- the regular conversations we have with our franchisees is around the fact that so much momentum was being built before the reversal and the restrictions, and we do believe that those will reverse again in due time. It won't be forever that these risks are in place. Robert P. Verostek -- Senior Vice President and Chief Financial Officer The other thing to add, Nick, with regard to the same-store sales, I think it was in the earnings release also is that, right now, approximately 30% of the units are open 24/7. So, these comps that we're quoting are being impacted by the fact that still nearly the two-thirds to three quarters of the brand are not open 24/7. In large part, what we're hearing with regard to that is, staffing related, just gearing back up and getting employees to come back to work to be able to staff those dayparts. But those are weighing on those comps that I just quoted, that 41% in June, and that 39% in fiscal July. Those are being weighed down by the fact that we only have about a third or so of the units opened 24/7. Nick Setyan -- Wedbush Securities -- Analyst Understood. Okay. And just last question, the unit closures kind of stayed steady at 15 with Q1. I'm wondering how you're thinking about the closure rate going forward? Is sort of the 15-ish number each quarter kind of the right way to think about it? Or should that pick up in the near term? John C. Miller -- Chief Executive Officer Yes. Nick, it's John again. The 30 franchise, one company here today. These -- AUVs of these stores are really below the average prior to COVID. And so, they're likely not going to make it through the next remodel cycle or the next lease renewal, and this just accelerated. So, what do we expect next is sort of the modeling question. And I would say, we anticipate there will be additional closures in the near term, but they're really most likely to be also accelerations of what would have come anyway. So, at this point, there's not this running to the franchisor saying we're shutting down, we require notice and conversations about that. The conversations have been what do we do to fight for transactions, breakfast, lunch, dinner and late night, how can we get staff to open to more extended hours. But conversations have really been on the other side of this. And we have franchisees that are pretty astute to cash management. They're capable of coming to their own conclusions, and they've concluded they're better off fighting for the business than rolling over or playing defense. Nick Setyan -- Wedbush Securities -- Analyst That's great color. Thank you very much. Robert P. Verostek -- Senior Vice President and Chief Financial Officer Thanks, Nick. Operator And we will go next to Michael Tamas of Oppenheimer & Company. Michael Tamas -- Oppenheimer & Co. Inc. -- Analyst Great. Thanks. I hope everyone's doing well. You just mentioned that there is a big chunk of units still not doing 24/7 hours. So, can you talk about maybe what is that missed sales opportunity if those units were to turn that on? How much were sort of foregoing by not having those open? Thanks. Robert P. Verostek -- Senior Vice President and Chief Financial Officer Yeah. Michael, this is Robert again. So, the -- just roughly speaking -- and I imagine, we can pull it up specifically, but that daypart is somewhere around 18% to 20%. And a simple math would suggest that if you take 70% of that 18% to 20% here, that's probably weighing on the comp 12 to 14 percentage points, just rough math. Michael Tamas -- Oppenheimer & Co. Inc. -- Analyst Got you. Thank you. That's great. And then on the units that you've had to sort of reclose or restrictions have tightened again, can you talk about maybe what the off-premise sales trend looked like before you had the dining rooms open there? And once you've opened them again, what does that look like? And then now as they've reclosed, have you seen those customers that I assume sort of went to dine-in, have they reverted back to off-premise? Robert P. Verostek -- Senior Vice President and Chief Financial Officer Yeah. So, Michael, this is Robert again. The reality is that, off-premise business has been really kind of the silver lining in a very dramatic pandemic situation. I think -- we doubled. I think it was in one of the scripts here that we've doubled -- I think it was John that we went from $4,000 to nearly $8,000, and 95% of that's held even -- as we pointed out in that last week of July, when California went back to off-prem only, we held those sales results. So, that's been somewhat of a stall work throughout the entire time. Once we hit April, through the last -- remember the last week of July that we reported, it about doubled, and that's about held most of that. So that's a good thing for us. Michael Tamas -- Oppenheimer & Co. Inc. -- Analyst Perfect. Thanks. And one last quick one. I know you guys, obviously, went pretty hard in the value with the $2 $4 $6 $8 sort of reintroduction. Just wondering what other sales levers do you have in your back pocket that you're thinking about over the next couple of quarters? And I know you probably don't want to be too specific, but just anything that we can sort of point to about things that you guys are looking at that we should be thinking about. Thanks. John C. Miller -- Chief Executive Officer Sure. What we did near term, of course, was to sort of pull the menu down inside. There's -- it's practically impossible to determine what impact that has on transactions if a guest isn't looking for their favorite. But clearly, the top-selling items we focused on with fewer cooks on the line and limited service capabilities, we want to make sure the experience was a reasonable ticket time in hospitality experience. And so, like so many brands that you've seen, we did pull the menu back to some degree. So, one of the things that we've been talking about is how that will continue to expand throughout the balance of the year, not getting into specific promotion ideas. And then, of course, to reiterate what we have made public so far is, we did focus on to go with free delivery and some other support programs along those lines. We did have a 10-year anniversary launch of the $2 $4 $6 $8 Menu. We did not see that all the way through the promotion based on some of these pullbacks, but it did sort of tick that up as we sort of pulled Super Slam out. So, Super Slam in the quarter accounted for about 10% of sales, but that's a little bit of a mixed bag as that fell off toward the end of the quarter, $2 $4 $6 $8 ramp. And then all of those ramped back down as we pulled those promotions to focus more on delivery in the final closeout of the quarter. Michael Tamas -- Oppenheimer & Co. Inc. -- Analyst All right. Thanks so much. Robert P. Verostek -- Senior Vice President and Chief Financial Officer Thanks, Michael. John C. Miller -- Chief Executive Officer So the short answer is and expanded -- the menu expanding again in the balancing of the year end, and there will be some new news, too. Operator And we'll go next to Todd Brooks of C.L. King & Associates. Todd Brooks -- C.L. King & Associates -- Analyst Hey. Good afternoon, everyone. I hope you're all doing well. Robert P. Verostek -- Senior Vice President and Chief Financial Officer Hey, Todd. Todd Brooks -- C.L. King & Associates -- Analyst A couple of follow-up --. Hey, guys. A couple of follow-up questions. One, on the late night daypart, the 70% of stores there not offering it yet. Are we -- have we established a trigger where franchisees will be required to be open 24/7 again once staffing is available? Or is it still something that's optional for them for the foreseeable future? John C. Miller -- Chief Executive Officer What we have established with our franchise community and our franchisee association leaders and our brand advisory councils is that, there's no change in brand requirement or brand offering to consumers. And all are in agreement this is not a negotiation. What we've done then per franchisee per region is left it a little bit loose as to when that requirement will come back. Our sensitivity is around the ability to staff. We had weekly calls with our Steering body that runs our franchise system that franchise volunteers. And basically, they are recommending to themselves without the assistance of corporate leaders to get expanded hours back as quickly as they can staff. So, I'll appreciate the benefits of those hours and are working toward it. Part of the challenge, of course, coming from COVID is people's fears about being exposed or exposing a loved one at home and/or a stimulus in the form of a check or unemployment benefits have perhaps made the job market more challenging than it would with higher unemployment. Those things are all temporary and evaporate soon. So, the idea is to get open later and faster as soon as we can. Todd Brooks -- C.L. King & Associates -- Analyst Yeah. Perfect. Thank you. And then secondly, can you just review what the Californian operators are doing? Because I think with returning to that mandated closure posture, again, I would have expected same-store sales to maybe falling off a little more over the course of June. So, on top of off-premise efforts that were in place during the first mandatory closures as far as the rollout of curbside and third-party delivery and etc. Can you talk about maybe outdoor dining, if that's been a driver that made the sales a little stickier here? John C. Miller -- Chief Executive Officer Sure. There's a number of things that made it stickier. And I would never -- we've never thought that I would be excited about the 41%. But the -- but there's a couple things going on. If you look at the breakdown in the tail of the sort of the latest results, we're about 63% dine-in across the country, 22% dine through. So, these people coming in to the parking lot to pick up food or have curbside delivery or sit in under a tent in a table that's out on the parking lot. So we're calling it to go. And then, call it, 15% -- 13% through third-party delivery and 2% denny's.com or third-party. Of all of that take-out, the Q1 to Q2 change has been driven by younger people using the brand more through to go. So, 18- to 24-year olds were up 40% versus Q1 and just overall use of all of our take-out, 25- to 34-year olds were up 9% and 35 to 44, up 8%. The oldest customers we have are slightly down. They're the most concerned about getting out. So, as things lift, these are promising in that, one, these things are retained and then dive-in will give us that capacity back. And two, that it's a younger audience that might have been otherwise hard to reach through typical forms of broadcast or media, but the fact there's trial through online ordering and pick-up or they prefer to sit on a parking lot that's colorful with seating where the competitor down the block doesn't have that. Not all stores have deployed these methods, but more and more are adopting it every week. But because of the great weather in California, it's been quite easy for them to sort of lead the way with parking lot apparatus of some sort. Todd Brooks -- C.L. King & Associates -- Analyst Okay. Great. That's very helpful. And then my final question, I know you pointed the $3 million in franchisee abatements in Q2. I know it's hard to predict the future. But as far as visibility on further franchisee support, would it be more along the lines of further deferrals from this point out at these sort of sales trends? Or would you expect that there could be another round of abatements? John C. Miller -- Chief Executive Officer Yeah. That's a great question. I think we all have skin in the game as the point from deferrals to abatements over the course of the onset of the pandemic through today. I think when you look at the math, with a highly franchised system. It's not like we're 10% franchised and you can sort of cover for some franchisees that are on their way. I think our franchisees understand as well as we do, that these things in the grand scheme of things are nominal, overall. And so, we're proud of the fact that near 100% of our system participated in the PPP program. We have our franchisees fast adopting plexiglass shields between tables where permitted to increase capacity, dining on the parking lot, Dine-Thru, drive through curbside, text me if we're not here, all -- touchless payment on the parking lot, all the kinds of things create confidence to our consumers and to show that we're a brand that's trying to pay very close attention to what our consumers are looking for. I don't believe that there is an expectation. But I think it's -- I just can't guide. I mean, we don't know what the circumstances might hold as we unfold. But I think right now, we're of the view, we've done what we should. Robert P. Verostek -- Senior Vice President and Chief Financial Officer Yeah. Todd, so this is Robert. So, if you think about the last $3 million abatement, that was a fairly blanket approach. It went evenly -- pretty spread evenly to each of the franchise units on approximately $2,000 a unit, a little bit more in some circumstances. But in general, $2,000. I -- you never say never. And to John's point, you don't have this crystal ball of what's happening. But internally, I think the conversation has pivoted more to just bolstering liquidity to potentially utilizing if we were to do the next step of this to do it in a way that may incent behavior that would drive sales. So, to use those resources again, if you participate and do X, which will likely drive sales, we may offer you this benefit. Now, again, nothing concrete that we're announcing today, but I think that would be more of the tone that it might take going forward. Todd Brooks -- C.L. King & Associates -- Analyst Okay. Thanks. Very helpful, guys. Appreciate it. John C. Miller -- Chief Executive Officer Keep going. Operator And moving on, we will go to a question from James Rutherford of Stephens, Inc. James Rutherford -- Stephens, Inc. -- Analyst Hey. Thank you all for taking the question. Actually, just one for me. And it's taking another crack at the July trend. What I was curious was, if you all can give additional color on the kind of weekly sales levels in the California stores before and after indoor dining was closed, even if it's directionally? And I ask because I'm trying to reconcile the commentary in the earnings release about sales levels not declining in July, even when those closures happened or kind of reclosures of the dining happened. With the statement that off-premise sales are still around $8,000 per week, which would obviously be meaningfully below the kind of pre-pandemic level. Just trying to clarify what the comps you're seeing for the stores that have reopened dining rooms versus the ones that are kind of closed again today? Thank you. Robert P. Verostek -- Senior Vice President and Chief Financial Officer Hey, James, this is Robert. Yeah. Trying to kind of get the question in my head, and I'm looking at the charts that we put into the earnings release, and you can see the march down as units reopened, if you look at the first fiscal week of June, at the 55% and we were marching through down -- in the last week of fiscal June down to that 29% as more and more units opened, and we got more to socially distance and California came online. And then you saw Texas back up. I think it was from 75% to 50%. And then you saw the California then probably in that week of July 8. I think it was earlier a week or so ago, first, it was 19 counties, and then they went to the entire state. So it kind of phased through there, and we got to that 41%. So it likely backed up 10%, but California was performing really quite well for us and as the units we were opened up and we were sad to see that they had to revert back to that point, but really actually quite pleased to see that they, as John just described in his previous answer, that they became even more scrappy and the weather out there allowed them to move more of those sales to the parking lot and Dine-Thrus and tents and various seating apparatus. So, not sure I'm answering your exact question. Again, clearly, they had more sales in California when they had on-premise sales. But the fact that the July looked -- the month of July and the last week of July looked very similar, is very reassuring to us at this point. James Rutherford -- Stephens, Inc. -- Analyst Okay. Thank you. Operator And we'll go next to a question from Jake Bartlett of SunTrust. Jake Bartlett -- SunTrust Robinson Humphrey, Inc. -- Analyst Great. Thanks for taking the question. I want to start with that last question or maybe ask a little more explicitly, which is a number of other concepts have given same-store sales at stores that have dining being offered or dine-in being offered and stores with only off-premise. So, can you share what the same-store sales have been at stores that are offering dine-in versus same-store sales of stores that are not offering dine-ins? John C. Miller -- Chief Executive Officer Yeah. I think it's the same answer. The -- on the average is, if you said -- again, if you blend all the 24-hour restaurants fully open together, they're going to have -- many of those are ahead of last year. A few of them anyway. And then the 75% little less and the 50% little less. But the trouble with the question is, there's so many classes of units that are highly varied. There's stores three miles apart in California that are ahead of last year and all the way to down half of last year. So -- but the average is -- the story holds true along, the more dine-in, drive-through combined that you have, the more sales and the expanded hours, the better your duty. So, the story is if lifts improve, sales will improve, as restrictions go away. Jake Bartlett -- SunTrust Robinson Humphrey, Inc. -- Analyst Got it. One part -- one kind of reason for that question is, I believe this statement earlier was that franchisees would cover fixed and variable costs with sales down about 30%. And I think was framed just recovering 70% of prior year sales. So, I mean, is it fair to say that stores that have been able to open their dine-in -- their dining rooms are free cash flow positive or have -- are achieving that level in driving positive margins? Or are they still kind of under water? Robert P. Verostek -- Senior Vice President and Chief Financial Officer Hey, Jake, this is Robert. So I get the question. I see where -- exactly where you're going. And we were working -- we're trying to better understand that. And we do have a good insight to our franchisees with regard to their P&Ls. We have the new tools. I talked about this a lot. Maybe even talked on the last, too. It's a looming tool where we get information. It's monthly, but we receive it only quarterly. So, the insight to that as we've moved through this is -- again, we capture it, but it's not necessarily real-time like we would have a company P&L. So, to make statements specifically about what percentage may be cash flow positive, again, we believe in the averages, we can work with the averages, but to quote a specific number that might be cash flow positive is difficult. Again, I do hold to the 70% average being accurate. And again, to what John just said, the higher the on-prem business, and for us, that social distancing is the most amount of on-prem that you would get, the more likely that you would be surpassing that down 30% or 70-plus percent of the sales. So, again, I'm really not trying to be evasive in the question. I'm just not sure we have the data point that will tell that I can relate to you about how many units are exactly -- how many franchise units are exactly cash flow positive right now. Jake Bartlett -- SunTrust Robinson Humphrey, Inc. -- Analyst Okay. And just to -- as you think about your -- the Company-owned stores that you have, is -- should we think of restaurant-level margin as being flat at negative 30% comp? Is that the right math? Robert P. Verostek -- Senior Vice President and Chief Financial Officer Probably, yeah. Probably, right. Yeah. But I think that's probably a rough fair assumption, Jake, that if you're about down 30%, you would probably -- your operating margin would probably be about zero. I think that's the converse way of saying it, so. Jake Bartlett -- SunTrust Robinson Humphrey, Inc. -- Analyst Okay. And then last question. Just to try to get a handle, there's always a bunch of moving parts in G&A and in terms of -- including this deferred comp valuation impact. But how should we think about G&A for the rest of the year? It was higher ultimately in the second quarter, even before stock comp than the first quarter. How should we think about it going forward? Just really in rough, should we -- should -- is the second quarter the right run rate or potentially lower, higher? Just give us a rough guidepost. Robert P. Verostek -- Senior Vice President and Chief Financial Officer Yeah. Jake, that's an excellent question, and we'll get the 10-Q out here soon. I'm not sure if it's in the press. It's in the press release, I'll close the quote release. When you look at the various pieces here, the corporate and administrative expense is $9.7 million. So, you can do the quick math there. That's a $2.7 million improvement versus prior year. The share-based compensation at $1.5 million is also another improvement, and then the incentive comp you can see that we've booked, that's the short-term incentive compensation that I spoke to is virtually nothing. And then this deferred compensation valuation adjustment, that's just the market change of the -- of that liability that comes out in other non-op. That's really an in and an out number. So, when you look at the real cash components of G&A, you really have to look at the other three and the reality is in the share-based compensation, the two components, both the long-term and the short-term, are a function of performance. The top one is really what we kind of internally call the core G&A. And that's down year-over-year. We spoke to it, we spoke to it in the -- I think with the Q1earnings callthat we had at one point in time, a 100 people furloughed. Ultimately, it's sadly to say that 50 of those 100 became permanent displacements for us, which is a sad day. We don't have a ton of people here in the home office. It's less than 250. So that's a significant number for us. But I think that you will see that that core number will continue to trend in this fashion down from prior year, but there will likely be some volatility in -- particularly that deferred comp is really just market-driven, again, non-cash. And then some volatility against performance in the other two pieces. But with that core number, you will -- that number will trend lower than prior year. Jake Bartlett -- SunTrust Robinson Humphrey, Inc. -- Analyst Great. I appreciate it. Thank you. Operator [Operator Instructions] And we'll hear next from Brett Levy of MKM partners. Brett Levy -- MKM Partners LLC -- Analyst Great. Thank you. I apologize if these questions are a little redundant. But aside from what you're seeing on the macro level from capacity that's being restricted from openings and closings, what else do you think you can and need to do to reengage with the consumers? And also, what more do you think you're hearing some of the franchisees that they want and need you to do at this point? Thank you. John C. Miller -- Chief Executive Officer Well, of course, there's a lot of conversation about new normals. And we're in this -- the typical spot of conjecture versus guidance versus what's been disclosed, right? But sort of the big industry questions are there will be some purge. There will be some consolidation of large balance sheet franchisees. There will be conversion opportunities down the road. There will be different kinds of footprints being entertained. There's different uses of technology and pace at which they might be adopted. There is the discussion of the number of people downsizing their headquarters and making more positions permanently at home positions or elective, you have your office or your work at home a good portion of the time. So, if you're working at home and opting out of certain deals, making peanut butter sandwich for lunch. Do you have to step up your to go field [Phonetic]? Do you alter your packaging? Do you find ways to do more beverage sales to go? Do you exploit late night even more? There's all kinds of conversations about the opportunities that are presented in the challenges that are presented. It does call attention to the advantage of some brands that are well positioned for the go on delivery have at this present time. And the disadvantages brands that have built all their equities for dining in. But I think it's a unique time to explore those and good brands will. We won't be the only one that talks about these things in the coming quarters and months. But there's a lot of excitement around the possibilities. It's too early to talk about anything specific. But I do think as consumers in marketplaces evolve, brands must too, and you'd expect Denny's be in the middle of all that. Operator And with no further questions in the queue, I'll, at this time, turn the call back to Curt Nichols for any additional or concluding comments. Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis Thank you, Jenny. I'd like to thank everyone for joining us on today's call. We look forward to our nextearnings conference callin late October to discuss our third quarter 2020 results. Thank you, all, and have a great evening. Operator [Operator Closing Remarks] Duration: 51 minutes Call participants: Curtis L. Nichols -- Vice President, Investor Relations and Financial Planning & Analysis John C. Miller -- Chief Executive Officer F. Mark Wolfinger -- President Robert P. Verostek -- Senior Vice President and Chief Financial Officer Nick Setyan -- Wedbush Securities -- Analyst Michael Tamas -- Oppenheimer & Co. Inc. -- Analyst Todd Brooks -- C.L. King & Associates -- Analyst James Rutherford -- Stephens, Inc. -- Analyst Jake Bartlett -- SunTrust Robinson Humphrey, Inc. -- Analyst Brett Levy -- MKM Partners LLC -- Analyst More DENN analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's Corp (NASDAQ: DENN) Q2 2020 Earnings Call Jul 28, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation's Second Quarter 2020 Earnings Call. Thank you for joining us for Denny's second quarter 2020earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer; Mark Wolfinger, Denny's President; and Robert Verostek, Denny's Senior Vice President and Chief Financial Officer.	King & Associates -- Analyst James Rutherford -- Stephens, Inc. -- Analyst Jake Bartlett -- SunTrust Robinson Humphrey, Inc. -- Analyst Brett Levy -- MKM Partners LLC -- Analyst More DENN analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Denny's Corp (NASDAQ: DENN) Q2 2020 Earnings Call Jul 28, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation's Second Quarter 2020 Earnings Call.	Thank you for joining us for Denny's second quarter 2020earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer; Mark Wolfinger, Denny's President; and Robert Verostek, Denny's Senior Vice President and Chief Financial Officer. Denny's Corp (NASDAQ: DENN) Q2 2020 Earnings Call Jul 28, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation's Second Quarter 2020 Earnings Call.	Denny's Corp (NASDAQ: DENN) Q2 2020 Earnings Call Jul 28, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation's Second Quarter 2020 Earnings Call. Thank you for joining us for Denny's second quarter 2020earnings conference call With me today from management are John Miller, Denny's Chief Executive Officer; Mark Wolfinger, Denny's President; and Robert Verostek, Denny's Senior Vice President and Chief Financial Officer.	abcbda84-402b-47af-8263-c553bb623324
727310.0	2020-07-15 00:00:00 UTC	Why Casual Dining Restaurant Stocks Were Gaining Today	DENN	https://www.nasdaq.com/articles/why-casual-dining-restaurant-stocks-were-gaining-today-2020-07-15	nan	nan	What happened Shares of casual dining companies including Bloomin' Brands (NASDAQ: BLMN), Brinker International (NYSE: EAT), Denny's (NASDAQ: DENN), and Ruth's Hospitality Group (NASDAQ: RUTH) were moving higher today alongside much of the market on positive vaccine news. Consumer discretionary stocks and others that have been hit hard by the pandemic surged after Moderna (NASDAQ: MRNA) reported that neutralizing antibodies were found in all 45 of the phase 1 trial patients who had taken its mRNA-1273 vaccine candidate. The results build on data the company announced in May, and are the latest piece of encouraging news that a coronavirus vaccine will be discovered, possibly sooner than expected. The announcement comes after Pfizer and BioNTech said earlier this week that two of their vaccine candidates were given Fast Track approval by the FDA, and after Gilead said that its remdesivir treatment was shown to lower risk of death from COVID-19 by 62%. That drumbeat of news has also helped investors overcome fears of economic weakness as coronavirus cases rise and as states like California pull back on their reopenings, closing businesses like bars and indoor dining restaurants once again. As of 11:36 a.m. EDT, Outback Steakhouse-parent Bloomin' Brands stock was up 10.4%; Brinker, the owner of Chili's, had gained 10%; Denny's had increased 14.7%; and Ruth's Hospitality, owner of the Ruth's Chris steakhouse chain, was 12.6% higher. The S&P 500 was up just 0.6% at that time after pulling back from an earlier rally, but the small-cap Russell 2000 had gained 3.1%, showing a strong recovery in the stocks that have been most vulnerable to the pandemic. Image source: Getty Images. So what It's clear why restaurant stocks would be gaining on Moderna's progress. The sector has been crushed by the pandemic as chains were forced to close their doors during the initial lockdowns, resorting to takeout and delivery to sustain their business, and the recent spike in infections shows that these businesses are unlikely to return to full health until there's a coronavirus vaccine or some other clear end to the pandemic. The recent closures of indoor dining in a number of states reinforce that message. The recovery in these stocks is fading as cases surge again. All four of these restaurant chains are poorly positioned to operate without indoor dining. Bloomin' Brands and Brinker tend to run cavernous locations in areas like strip malls, and also rely on alcohol sales to boost revenue. In its most recent update on June 11, Bloomin's results showed that the recovery in its same-store sales seemed to be tailing off with same-store sales declining 28.3% in the week ending June 6, slightly better than the 29.7% decline the week before. Brinker showed a similar trajectory with comps down 25.6% the week ending June 3, better than a 28.3% decline the week before. Denny's, which operates like a diner, is generally dependent on eat-in breakfast traffic and late-night visits, and said comparable sales fell 40% in the week ended June 10, compared to a 47% decline in the previous week. Denny's also held a secondary stock offering at the end of June to help boost liquidity. Finally, as a high-end steakhouse, Ruth's Chris has also struggled with restrictions on indoor dining. The company has not updated investors on its second-quarter performance, but said it cut expenses to lower its cash burn rate to between $2 million and $2.4 million per week after reporting a $0.13 per-share loss in the first quarter. It also issued a secondary offering in May. Now what With earnings season just kicking off, all four of these stocks are set to report second-quarter earnings over the next few weeks so investors will get more insight into their current performance. Bloomin' Brands will kick off the parade on July 24 with analysts calling for revenue to decline 42% and a per-share loss of $1.15 compared to a profit of $0.36 in the quarter a year ago. The results will certainly be ugly for all four of these companies, but today's response shows investors are anxious to look past the crisis. Keep an eye on case counts and subsequent vaccine news, as that is likely to guide the recovery in these stocks. 10 stocks we like better than Bloomin' Brands When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Bloomin' Brands wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Gilead Sciences. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of casual dining companies including Bloomin' Brands (NASDAQ: BLMN), Brinker International (NYSE: EAT), Denny's (NASDAQ: DENN), and Ruth's Hospitality Group (NASDAQ: RUTH) were moving higher today alongside much of the market on positive vaccine news. As of 11:36 a.m. EDT, Outback Steakhouse-parent Bloomin' Brands stock was up 10.4%; Brinker, the owner of Chili's, had gained 10%; Denny's had increased 14.7%; and Ruth's Hospitality, owner of the Ruth's Chris steakhouse chain, was 12.6% higher. Denny's, which operates like a diner, is generally dependent on eat-in breakfast traffic and late-night visits, and said comparable sales fell 40% in the week ended June 10, compared to a 47% decline in the previous week.	What happened Shares of casual dining companies including Bloomin' Brands (NASDAQ: BLMN), Brinker International (NYSE: EAT), Denny's (NASDAQ: DENN), and Ruth's Hospitality Group (NASDAQ: RUTH) were moving higher today alongside much of the market on positive vaccine news. As of 11:36 a.m. EDT, Outback Steakhouse-parent Bloomin' Brands stock was up 10.4%; Brinker, the owner of Chili's, had gained 10%; Denny's had increased 14.7%; and Ruth's Hospitality, owner of the Ruth's Chris steakhouse chain, was 12.6% higher. Denny's, which operates like a diner, is generally dependent on eat-in breakfast traffic and late-night visits, and said comparable sales fell 40% in the week ended June 10, compared to a 47% decline in the previous week.	What happened Shares of casual dining companies including Bloomin' Brands (NASDAQ: BLMN), Brinker International (NYSE: EAT), Denny's (NASDAQ: DENN), and Ruth's Hospitality Group (NASDAQ: RUTH) were moving higher today alongside much of the market on positive vaccine news. As of 11:36 a.m. EDT, Outback Steakhouse-parent Bloomin' Brands stock was up 10.4%; Brinker, the owner of Chili's, had gained 10%; Denny's had increased 14.7%; and Ruth's Hospitality, owner of the Ruth's Chris steakhouse chain, was 12.6% higher. Denny's, which operates like a diner, is generally dependent on eat-in breakfast traffic and late-night visits, and said comparable sales fell 40% in the week ended June 10, compared to a 47% decline in the previous week.	Denny's also held a secondary stock offering at the end of June to help boost liquidity. What happened Shares of casual dining companies including Bloomin' Brands (NASDAQ: BLMN), Brinker International (NYSE: EAT), Denny's (NASDAQ: DENN), and Ruth's Hospitality Group (NASDAQ: RUTH) were moving higher today alongside much of the market on positive vaccine news. As of 11:36 a.m. EDT, Outback Steakhouse-parent Bloomin' Brands stock was up 10.4%; Brinker, the owner of Chili's, had gained 10%; Denny's had increased 14.7%; and Ruth's Hospitality, owner of the Ruth's Chris steakhouse chain, was 12.6% higher.	2fb7250c-5714-46f9-8809-f3b0498c064d
727311.0	2020-07-01 00:00:00 UTC	BUZZ-U.S. STOCKS ON THE MOVE-Akero Therapeutics, T2 Biosystems, FedEx	DENN	https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-akero-therapeutics-t2-biosystems-fedex-2020-07-01	nan	nan	Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Nasdaq rose on Wednesday as rising hopes of a COVID-19 vaccine offset fears of another round of lockdowns following a record surge in coronavirus cases in the United States. .N At 12:31 ET, the Dow Jones Industrial Average .DJI was up 0.23% at 25,871.82. The S&P 500 .SPX was up 0.49% at 3,115.58 and the Nasdaq Composite .IXIC was up 0.89% at 10,147.899. The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.2% Constellation Brands, Inc , up 6.7% Amgen Inc , up 6.5% The top three S&P 500 .PL.INX percentage losers: HollyFrontier Corp , down 5.2% Diamondback Energy Inc , down 5.1% Lincoln National Corp , down 5% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2 % Horizon Global Corp , up 22.7% MOGU Inc , up 16.7% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 18.6% MS Cushing MLP ETN , down 13.8% Steelcase Inc SCS.N, down 10.8% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 174.6% Limnl Bioscn Ord , up 113.6 % YRC Worldwide Inc , up 84.8% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 33.5% Inovio Pharmaceuticals Inc , down 25% Blink Charging Equity Warrant , down 23.1% Chiasma Inc CHMA.O: down 13.0% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 10.7% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 3.4% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 5.3% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 31.6% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 0.9% United Airlines Holdings Inc UAL.O: up 1.9% Delta Air Lines Inc DAL.N: up 1.0% Southwest Airlines Co LUV.N: up 0.6% Hilton Worldwide Holdings Inc HLT.N: up 2.1% Marriott International Inc MAR.O: up 1.7% Hyatt Hotels Corp H.N: up 2.7% Carnival Corp CCL.N: up 1.0% Royal Caribbean Cruises Ltd RCL.N: up 2.7% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.6% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine BUZZ-United Airlines: Triples flights in August; shares rise Roku Inc ROKU.O: up 6.2% BUZZ-Rises as Peloton streams in Arcturus Therapeutics Holdings Inc ARCT.O: up 0.7% BUZZ-Arcturus forms advisory board for COVID-19 vaccine program, shares rise General Mills Inc GIS.N: down 2.0% BUZZ-Falls as co flags potential hit to 2021 sales Amgen Inc AMGN.O: up 6.6% BUZZ-Touches record high after patent win against Novartis OPKO Health Inc OPK.O: up 1.8% BUZZ-Rises to near 2-yr high on large-scale COVID-19 test results Beyond Meat Inc BYND.O: up 7.2% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 10.0% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 29.2% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 11.0% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 36.6% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 6.5% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 6.8% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 8.9% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.2% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 25.0% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 3.5% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.8% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 84.8% BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 44.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services .SPLRCL up 2.05% Consumer Discretionary .SPLRCD up 1.22% Consumer Staples .SPLRCS up 0.42% Energy .SPNY down 1.80% Financial .SPSY down 0.47% Health .SPXHC up 0.90% Industrial .SPLRCI up 0.20% Information Technology .SPLRCT up 0.40% Materials .SPLRCM down 0.35% Real Estate .SPLRCR up 1.86% Utilities .SPLRCU up 1.95% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.2% Constellation Brands, Inc , up 6.7% Amgen Inc , up 6.5% The top three S&P 500 .PL.INX percentage losers: HollyFrontier Corp , down 5.2% Diamondback Energy Inc , down 5.1% Lincoln National Corp , down 5% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2 % Horizon Global Corp , up 22.7% MOGU Inc , up 16.7% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 18.6% MS Cushing MLP ETN , down 13.8% Steelcase Inc SCS.N, down 10.8% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 174.6% Limnl Bioscn Ord , up 113.6 % YRC Worldwide Inc , up 84.8% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 33.5% Inovio Pharmaceuticals Inc , down 25% Blink Charging Equity Warrant , down 23.1% Chiasma Inc CHMA.O: down 13.0% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 10.7% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 3.4% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 5.3% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 31.6% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 0.9% United Airlines Holdings Inc UAL.O: up 1.9% Delta Air Lines Inc DAL.N: up 1.0% Southwest Airlines Co LUV.N: up 0.6% Hilton Worldwide Holdings Inc HLT.N: up 2.1% Marriott International Inc MAR.O: up 1.7% Hyatt Hotels Corp H.N: up 2.7% Carnival Corp CCL.N: up 1.0% Royal Caribbean Cruises Ltd RCL.N: up 2.7% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.6% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine BUZZ-United Airlines: Triples flights in August; shares rise Roku Inc ROKU.O: up 6.2% BUZZ-Rises as Peloton streams in Arcturus Therapeutics Holdings Inc ARCT.O: up 0.7% BUZZ-Arcturus forms advisory board for COVID-19 vaccine program, shares rise General Mills Inc GIS.N: down 2.0% BUZZ-Falls as co flags potential hit to 2021 sales Amgen Inc AMGN.O: up 6.6% BUZZ-Touches record high after patent win against Novartis OPKO Health Inc OPK.O: up 1.8% BUZZ-Rises to near 2-yr high on large-scale COVID-19 test results Beyond Meat Inc BYND.O: up 7.2% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 10.0% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 29.2% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 11.0% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 36.6% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 6.5% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 6.8% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 8.9% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.2% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 25.0% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 3.5% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.8% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 84.8% BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 44.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Nasdaq rose on Wednesday as rising hopes of a COVID-19 vaccine offset fears of another round of lockdowns following a record surge in coronavirus cases in the United States. up 1.95% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.2% Constellation Brands, Inc , up 6.7% Amgen Inc , up 6.5% The top three S&P 500 .PL.INX percentage losers: HollyFrontier Corp , down 5.2% Diamondback Energy Inc , down 5.1% Lincoln National Corp , down 5% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2 % Horizon Global Corp , up 22.7% MOGU Inc , up 16.7% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 18.6% MS Cushing MLP ETN , down 13.8% Steelcase Inc SCS.N, down 10.8% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 174.6% Limnl Bioscn Ord , up 113.6 % YRC Worldwide Inc , up 84.8% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 33.5% Inovio Pharmaceuticals Inc , down 25% Blink Charging Equity Warrant , down 23.1% Chiasma Inc CHMA.O: down 13.0% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 10.7% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 3.4% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 5.3% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 31.6% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 0.9% United Airlines Holdings Inc UAL.O: up 1.9% Delta Air Lines Inc DAL.N: up 1.0% Southwest Airlines Co LUV.N: up 0.6% Hilton Worldwide Holdings Inc HLT.N: up 2.1% Marriott International Inc MAR.O: up 1.7% Hyatt Hotels Corp H.N: up 2.7% Carnival Corp CCL.N: up 1.0% Royal Caribbean Cruises Ltd RCL.N: up 2.7% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.6% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine BUZZ-United Airlines: Triples flights in August; shares rise Roku Inc ROKU.O: up 6.2% BUZZ-Rises as Peloton streams in Arcturus Therapeutics Holdings Inc ARCT.O: up 0.7% BUZZ-Arcturus forms advisory board for COVID-19 vaccine program, shares rise General Mills Inc GIS.N: down 2.0% BUZZ-Falls as co flags potential hit to 2021 sales Amgen Inc AMGN.O: up 6.6% BUZZ-Touches record high after patent win against Novartis OPKO Health Inc OPK.O: up 1.8% BUZZ-Rises to near 2-yr high on large-scale COVID-19 test results Beyond Meat Inc BYND.O: up 7.2% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 10.0% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 29.2% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 11.0% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 36.6% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 6.5% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 6.8% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 8.9% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.2% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 25.0% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 3.5% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.8% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 84.8% BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 44.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Nasdaq rose on Wednesday as rising hopes of a COVID-19 vaccine offset fears of another round of lockdowns following a record surge in coronavirus cases in the United States. up 1.95% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.2% Constellation Brands, Inc , up 6.7% Amgen Inc , up 6.5% The top three S&P 500 .PL.INX percentage losers: HollyFrontier Corp , down 5.2% Diamondback Energy Inc , down 5.1% Lincoln National Corp , down 5% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2 % Horizon Global Corp , up 22.7% MOGU Inc , up 16.7% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 18.6% MS Cushing MLP ETN , down 13.8% Steelcase Inc SCS.N, down 10.8% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 174.6% Limnl Bioscn Ord , up 113.6 % YRC Worldwide Inc , up 84.8% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 33.5% Inovio Pharmaceuticals Inc , down 25% Blink Charging Equity Warrant , down 23.1% Chiasma Inc CHMA.O: down 13.0% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 10.7% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 3.4% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 5.3% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 31.6% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 0.9% United Airlines Holdings Inc UAL.O: up 1.9% Delta Air Lines Inc DAL.N: up 1.0% Southwest Airlines Co LUV.N: up 0.6% Hilton Worldwide Holdings Inc HLT.N: up 2.1% Marriott International Inc MAR.O: up 1.7% Hyatt Hotels Corp H.N: up 2.7% Carnival Corp CCL.N: up 1.0% Royal Caribbean Cruises Ltd RCL.N: up 2.7% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.6% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine BUZZ-United Airlines: Triples flights in August; shares rise Roku Inc ROKU.O: up 6.2% BUZZ-Rises as Peloton streams in Arcturus Therapeutics Holdings Inc ARCT.O: up 0.7% BUZZ-Arcturus forms advisory board for COVID-19 vaccine program, shares rise General Mills Inc GIS.N: down 2.0% BUZZ-Falls as co flags potential hit to 2021 sales Amgen Inc AMGN.O: up 6.6% BUZZ-Touches record high after patent win against Novartis OPKO Health Inc OPK.O: up 1.8% BUZZ-Rises to near 2-yr high on large-scale COVID-19 test results Beyond Meat Inc BYND.O: up 7.2% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 10.0% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 29.2% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 11.0% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 36.6% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 6.5% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 6.8% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 8.9% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.2% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 25.0% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 3.5% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.8% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 84.8% BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 44.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services .N At 12:31 ET, the Dow Jones Industrial Average .DJI was up 0.23% at 25,871.82. up 2.05% Consumer Discretionary	The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.2% Constellation Brands, Inc , up 6.7% Amgen Inc , up 6.5% The top three S&P 500 .PL.INX percentage losers: HollyFrontier Corp , down 5.2% Diamondback Energy Inc , down 5.1% Lincoln National Corp , down 5% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2 % Horizon Global Corp , up 22.7% MOGU Inc , up 16.7% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 18.6% MS Cushing MLP ETN , down 13.8% Steelcase Inc SCS.N, down 10.8% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 174.6% Limnl Bioscn Ord , up 113.6 % YRC Worldwide Inc , up 84.8% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 33.5% Inovio Pharmaceuticals Inc , down 25% Blink Charging Equity Warrant , down 23.1% Chiasma Inc CHMA.O: down 13.0% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 10.7% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 3.4% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 5.3% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 31.6% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 0.9% United Airlines Holdings Inc UAL.O: up 1.9% Delta Air Lines Inc DAL.N: up 1.0% Southwest Airlines Co LUV.N: up 0.6% Hilton Worldwide Holdings Inc HLT.N: up 2.1% Marriott International Inc MAR.O: up 1.7% Hyatt Hotels Corp H.N: up 2.7% Carnival Corp CCL.N: up 1.0% Royal Caribbean Cruises Ltd RCL.N: up 2.7% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.6% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine BUZZ-United Airlines: Triples flights in August; shares rise Roku Inc ROKU.O: up 6.2% BUZZ-Rises as Peloton streams in Arcturus Therapeutics Holdings Inc ARCT.O: up 0.7% BUZZ-Arcturus forms advisory board for COVID-19 vaccine program, shares rise General Mills Inc GIS.N: down 2.0% BUZZ-Falls as co flags potential hit to 2021 sales Amgen Inc AMGN.O: up 6.6% BUZZ-Touches record high after patent win against Novartis OPKO Health Inc OPK.O: up 1.8% BUZZ-Rises to near 2-yr high on large-scale COVID-19 test results Beyond Meat Inc BYND.O: up 7.2% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 10.0% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 29.2% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 11.0% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 36.6% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 6.5% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 6.8% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 8.9% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.2% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 25.0% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 3.5% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.8% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 84.8% BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 44.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Nasdaq rose on Wednesday as rising hopes of a COVID-19 vaccine offset fears of another round of lockdowns following a record surge in coronavirus cases in the United States. .N At 12:31 ET, the Dow Jones Industrial Average .DJI was up 0.23% at 25,871.82.	52dd4fac-0031-40ef-ba93-dbb6e01daeed
727312.0	2020-07-01 00:00:00 UTC	BUZZ-U.S. STOCKS ON THE MOVE-FedEx, Inovio Pharma, YRC Worldwide	DENN	https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-fedex-inovio-pharma-yrc-worldwide-2020-07-01	nan	nan	Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street opened higher on Wednesday as rising hopes of a COVID-19 vaccine reversed premarket losses, overshadowing fears of another round of lockdowns following a record surge in coronavirus cases in the United States. .N At 10:57a.m. ET, the Dow Jones Industrial Average .DJI was up 0.10% at 25,838.2. The S&P 500 .SPX was up 0.56% at 3,117.68 and the Nasdaq Composite .IXIC was up 0.52% at 10,110.72. The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.8% Constellation Brands, Inc , up 7.6% United Parcel Service, Inc , up 5.4% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 3.9% DXC Technology Co , down 3.7% Lincoln National Corp , down 3.6% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2% MOGU Inc , up 15.6% FedEx Corp , up 13.8% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 16.8% Credit Sussie VelocityShare 3X Natural Gas ETN , down 11.5% Bloom Energy Corp BE.N, down 9.6% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 238.5% YRC Worldwide Inc , up 61.1% Draftkings Equity Warrants , up 50.1% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 36.2% Blink Charging Equity Warrant , down 23.5% BioHiTech Global Inc , down 19.9% Chiasma Inc CHMA.O: down 9.9% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 7.0% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 1.6% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 4.6% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 37.3% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 2.9% United Airlines Holdings Inc UAL.O: up 3.5% Delta Air Lines Inc DAL.N: up 1.3% Southwest Airlines Co LUV.N: up 0.5% Hilton Worldwide Holdings Inc HLT.N: up 1.9% Marriott International Inc MAR.O: up 2.3% Hyatt Hotels Corp H.N: up 2.2% Carnival Corp CCL.N: up 2.0% Royal Caribbean Cruises Ltd RCL.N: up 3.3% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.9% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine Beyond Meat Inc BYND.O: up 8.5% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.5% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 28.9% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.9% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 37.8% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 7.2% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 7.7% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 7.1% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.9% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 15.9% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 5.3% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.7% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 61.1% BUZZ-Surges on credit lifeline from U.S. Treasury ** Therapix Biosciences Ltd TRPX.O: down 48.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services .SPLRCL up 1.26% Consumer Discretionary .SPLRCD up 0.55% Consumer Staples .SPLRCS up 0.35% Energy .SPNY down 0.47% Financial .SPSY down 0.42% Health .SPXHC up 0.50% Industrial .SPLRCI up 0.21% Information Technology .SPLRCT up 0.21% Materials .SPLRCM down 0.48% Real Estate .SPLRCR up 1.25% Utilities .SPLRCU up 1.14% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.8% Constellation Brands, Inc , up 7.6% United Parcel Service, Inc , up 5.4% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 3.9% DXC Technology Co , down 3.7% Lincoln National Corp , down 3.6% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2% MOGU Inc , up 15.6% FedEx Corp , up 13.8% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 16.8% Credit Sussie VelocityShare 3X Natural Gas ETN , down 11.5% Bloom Energy Corp BE.N, down 9.6% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 238.5% YRC Worldwide Inc , up 61.1% Draftkings Equity Warrants , up 50.1% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 36.2% Blink Charging Equity Warrant , down 23.5% BioHiTech Global Inc , down 19.9% Chiasma Inc CHMA.O: down 9.9% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 7.0% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 1.6% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 4.6% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 37.3% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 2.9% United Airlines Holdings Inc UAL.O: up 3.5% Delta Air Lines Inc DAL.N: up 1.3% Southwest Airlines Co LUV.N: up 0.5% Hilton Worldwide Holdings Inc HLT.N: up 1.9% Marriott International Inc MAR.O: up 2.3% Hyatt Hotels Corp H.N: up 2.2% Carnival Corp CCL.N: up 2.0% Royal Caribbean Cruises Ltd RCL.N: up 3.3% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.9% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine Beyond Meat Inc BYND.O: up 8.5% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.5% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 28.9% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.9% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 37.8% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 7.2% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 7.7% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 7.1% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.9% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 15.9% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 5.3% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.7% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 61.1% BUZZ-Surges on credit lifeline from U.S. Treasury ** Therapix Biosciences Ltd TRPX.O: down 48.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street opened higher on Wednesday as rising hopes of a COVID-19 vaccine reversed premarket losses, overshadowing fears of another round of lockdowns following a record surge in coronavirus cases in the United States. up 1.14% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.8% Constellation Brands, Inc , up 7.6% United Parcel Service, Inc , up 5.4% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 3.9% DXC Technology Co , down 3.7% Lincoln National Corp , down 3.6% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2% MOGU Inc , up 15.6% FedEx Corp , up 13.8% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 16.8% Credit Sussie VelocityShare 3X Natural Gas ETN , down 11.5% Bloom Energy Corp BE.N, down 9.6% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 238.5% YRC Worldwide Inc , up 61.1% Draftkings Equity Warrants , up 50.1% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 36.2% Blink Charging Equity Warrant , down 23.5% BioHiTech Global Inc , down 19.9% Chiasma Inc CHMA.O: down 9.9% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 7.0% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 1.6% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 4.6% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 37.3% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 2.9% United Airlines Holdings Inc UAL.O: up 3.5% Delta Air Lines Inc DAL.N: up 1.3% Southwest Airlines Co LUV.N: up 0.5% Hilton Worldwide Holdings Inc HLT.N: up 1.9% Marriott International Inc MAR.O: up 2.3% Hyatt Hotels Corp H.N: up 2.2% Carnival Corp CCL.N: up 2.0% Royal Caribbean Cruises Ltd RCL.N: up 3.3% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.9% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine Beyond Meat Inc BYND.O: up 8.5% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.5% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 28.9% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.9% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 37.8% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 7.2% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 7.7% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 7.1% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.9% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 15.9% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 5.3% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.7% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 61.1% BUZZ-Surges on credit lifeline from U.S. Treasury ** Therapix Biosciences Ltd TRPX.O: down 48.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street opened higher on Wednesday as rising hopes of a COVID-19 vaccine reversed premarket losses, overshadowing fears of another round of lockdowns following a record surge in coronavirus cases in the United States. up 1.14% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.8% Constellation Brands, Inc , up 7.6% United Parcel Service, Inc , up 5.4% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 3.9% DXC Technology Co , down 3.7% Lincoln National Corp , down 3.6% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2% MOGU Inc , up 15.6% FedEx Corp , up 13.8% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 16.8% Credit Sussie VelocityShare 3X Natural Gas ETN , down 11.5% Bloom Energy Corp BE.N, down 9.6% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 238.5% YRC Worldwide Inc , up 61.1% Draftkings Equity Warrants , up 50.1% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 36.2% Blink Charging Equity Warrant , down 23.5% BioHiTech Global Inc , down 19.9% Chiasma Inc CHMA.O: down 9.9% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 7.0% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 1.6% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 4.6% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 37.3% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 2.9% United Airlines Holdings Inc UAL.O: up 3.5% Delta Air Lines Inc DAL.N: up 1.3% Southwest Airlines Co LUV.N: up 0.5% Hilton Worldwide Holdings Inc HLT.N: up 1.9% Marriott International Inc MAR.O: up 2.3% Hyatt Hotels Corp H.N: up 2.2% Carnival Corp CCL.N: up 2.0% Royal Caribbean Cruises Ltd RCL.N: up 3.3% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.9% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine Beyond Meat Inc BYND.O: up 8.5% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.5% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 28.9% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.9% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 37.8% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 7.2% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 7.7% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 7.1% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.9% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 15.9% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 5.3% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.7% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 61.1% BUZZ-Surges on credit lifeline from U.S. Treasury ** Therapix Biosciences Ltd TRPX.O: down 48.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 0.10% at 25,838.2. up 1.26% Consumer Discretionary	The top three S&P 500 .PG.INX percentage gainers: FedEx Corp , up 13.8% Constellation Brands, Inc , up 7.6% United Parcel Service, Inc , up 5.4% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 3.9% DXC Technology Co , down 3.7% Lincoln National Corp , down 3.6% The top three NYSE .PG.N percentage gainers: Innovator Nasdaq 100 Power Buffer ETF , up 63.2% MOGU Inc , up 15.6% FedEx Corp , up 13.8% The top three NYSE .PL.N percentage losers: Navios Maritime Holdings Inc , down 16.8% Credit Sussie VelocityShare 3X Natural Gas ETN , down 11.5% Bloom Energy Corp BE.N, down 9.6% The top three Nasdaq .PG.O percentage gainers: MYOS RENS Technology Inc , up 238.5% YRC Worldwide Inc , up 61.1% Draftkings Equity Warrants , up 50.1% The top three Nasdaq .PL.O percentage losers: Polar Power Inc , down 36.2% Blink Charging Equity Warrant , down 23.5% BioHiTech Global Inc , down 19.9% Chiasma Inc CHMA.O: down 9.9% BUZZ-Falls as biopharma co seeks equity Steelcase Inc SCS.N: down 7.0% BUZZ-Down after Q1 miss as orders decline amid pandemic UniFirst Corp UNF.N: down 1.6% BUZZ-Slumps after Q3 profit miss Pfizer Inc PFE.N: up 4.6% BUZZ-Pfizer and BioNTech's trial data drags down rivals in COVID-19 vaccine race [nL4N2E83JR} BUZZ-Pfizer: Up after COVID-19 vaccine shows potential in human trial Qualigen Therapeutics Inc QLGN.O: up 37.3% BUZZ-Soars on plans to start sale of COVID-19 antibody test in July American Airlines Group Inc AAL.O: up 2.9% United Airlines Holdings Inc UAL.O: up 3.5% Delta Air Lines Inc DAL.N: up 1.3% Southwest Airlines Co LUV.N: up 0.5% Hilton Worldwide Holdings Inc HLT.N: up 1.9% Marriott International Inc MAR.O: up 2.3% Hyatt Hotels Corp H.N: up 2.2% Carnival Corp CCL.N: up 2.0% Royal Caribbean Cruises Ltd RCL.N: up 3.3% Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.9% BUZZ-U.S. airlines, hotel and cruise stocks rise on hopes of COVID-19 vaccine Beyond Meat Inc BYND.O: up 8.5% BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.5% BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 28.9% BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.9% BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 37.8% BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 7.2% BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 7.7% BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 7.1% BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 13.9% BUZZ-Higher as results beat on pandemic-fueled shipments surge BUZZ-Street View: FedEx benefits from e-commerce growth amid challenges Inovio Pharmaceuticals Inc INO.O: down 15.9% BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 5.3% BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 18.7% BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 61.1% BUZZ-Surges on credit lifeline from U.S. Treasury ** Therapix Biosciences Ltd TRPX.O: down 48.4% BUZZ-Drops on Nasdaq delisting notice The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street opened higher on Wednesday as rising hopes of a COVID-19 vaccine reversed premarket losses, overshadowing fears of another round of lockdowns following a record surge in coronavirus cases in the United States. ET, the Dow Jones Industrial Average .DJI was up 0.10% at 25,838.2.	5e522004-55b8-4459-88d2-dcf70d4252ff
727313.0	2020-07-01 00:00:00 UTC	Why Denny's Stock Fell Hard This Morning	DENN	https://www.nasdaq.com/articles/why-dennys-stock-fell-hard-this-morning-2020-07-01	nan	nan	What happened Shares of Denny's Corporation (NASDAQ: DENN) fell sharply on Wednesday morning, after the casual dining restaurant chain announced the pricing of its new public share offering. As of 10:30 a.m. EDT, the stock was down 9%. Considering Denny's public offering priced at $9.15 per share, today's drop appears totally justified. That's not encouraging for Denny's shareholders, down more than 50% year to date. DENN data by YCharts So what Denny's was hit hard by the COVID-19 pandemic. As a primarily dine-in chain, it couldn't easily pivot to an off-premise operating model. Sure, to-go orders more than doubled from Februa	What happened Shares of Denny's Corporation (NASDAQ: DENN) fell sharply on Wednesday morning, after the casual dining restaurant chain announced the pricing of its new public share offering. Considering Denny's public offering priced at $9.15 per share, today's drop appears totally justified. That's not encouraging for Denny's shareholders, down more than 50% year to date.	What happened Shares of Denny's Corporation (NASDAQ: DENN) fell sharply on Wednesday morning, after the casual dining restaurant chain announced the pricing of its new public share offering. Considering Denny's public offering priced at $9.15 per share, today's drop appears totally justified. That's not encouraging for Denny's shareholders, down more than 50% year to date.	What happened Shares of Denny's Corporation (NASDAQ: DENN) fell sharply on Wednesday morning, after the casual dining restaurant chain announced the pricing of its new public share offering. Considering Denny's public offering priced at $9.15 per share, today's drop appears totally justified. That's not encouraging for Denny's shareholders, down more than 50% year to date.	What happened Shares of Denny's Corporation (NASDAQ: DENN) fell sharply on Wednesday morning, after the casual dining restaurant chain announced the pricing of its new public share offering. Considering Denny's public offering priced at $9.15 per share, today's drop appears totally justified. That's not encouraging for Denny's shareholders, down more than 50% year to date.	0b4e56ec-f5c6-43e1-bfa0-dbf1d941c7cd
727314.0	2020-07-01 00:00:00 UTC	BUZZ-U.S. STOCKS ON THE MOVE-Beyond Meat, Akero, Therapix Biosciences	DENN	https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-beyond-meat-akero-therapix-biosciences-2020-07-01	nan	nan	Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near-flat on Wednesday, as a record single-day spike in coronavirus cases in the country heightened fears of another lockdown and threatened to derail a nascent economic recovery. .N At 9:07 a.m. ET, Dow e-minis 1YMc1 were up 0.33% at 25,774. S&P 500 e-minis ESc1 were up 0.28% at 3,099, while Nasdaq 100 e-minis NQc1 were up 0.02% at 10,149.5. The top three NYSE percentage gainers premarket .PRPG.NQ: Hermitage Offshore Services Ltd , up 44.7% FedEx Corp , up 12.3% Ameresco Inc , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: Ocwen Financial Corp , down 17.2% Tsakos Energy Navigation Ltd , down 11.5% Casper Sleep Inc , down 8.6% The top three Nasdaq percentage gainers premarket .PRPG.O: MYOS RENS Technology Inc , up 155.4% YRC Worldwide Inc , up 91.9% T2 Biosystems Inc , up 67.7% The top three Nasdaq percentage losers premarket .PRPL.O: Match Group Inc , down 67.1% Rosehill Resources Equity Warrant , down 43.4% Rosehill Resources Inc , down 43.1% Beyond Meat Inc BYND.O: up 10.1% premarket BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.4% premarket BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 40.4% premarket BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.0% premarket BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 67.7% premarket BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 4.9% premarket BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 2.6% premarket BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 13.5% premarket BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 12.3% premarket BUZZ-Higher as results beat on pandemic-fueled shipments surge Inovio Pharmaceuticals Inc INO.O: down 14.0% premarket BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 1.0% premarket BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 11.8% premarket BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 91.9% premarket BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 40.9% premarket BUZZ-Drops on Nasdaq delisting notice (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three NYSE percentage gainers premarket .PRPG.NQ: Hermitage Offshore Services Ltd , up 44.7% FedEx Corp , up 12.3% Ameresco Inc , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: Ocwen Financial Corp , down 17.2% Tsakos Energy Navigation Ltd , down 11.5% Casper Sleep Inc , down 8.6% The top three Nasdaq percentage gainers premarket .PRPG.O: MYOS RENS Technology Inc , up 155.4% YRC Worldwide Inc , up 91.9% T2 Biosystems Inc , up 67.7% The top three Nasdaq percentage losers premarket .PRPL.O: Match Group Inc , down 67.1% Rosehill Resources Equity Warrant , down 43.4% Rosehill Resources Inc , down 43.1% Beyond Meat Inc BYND.O: up 10.1% premarket BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.4% premarket BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 40.4% premarket BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.0% premarket BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 67.7% premarket BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 4.9% premarket BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 2.6% premarket BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 13.5% premarket BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 12.3% premarket BUZZ-Higher as results beat on pandemic-fueled shipments surge Inovio Pharmaceuticals Inc INO.O: down 14.0% premarket BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 1.0% premarket BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 11.8% premarket BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 91.9% premarket BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 40.9% premarket BUZZ-Drops on Nasdaq delisting notice (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near-flat on Wednesday, as a record single-day spike in coronavirus cases in the country heightened fears of another lockdown and threatened to derail a nascent economic recovery. ET, Dow e-minis 1YMc1 were up 0.33% at 25,774.	The top three NYSE percentage gainers premarket .PRPG.NQ: Hermitage Offshore Services Ltd , up 44.7% FedEx Corp , up 12.3% Ameresco Inc , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: Ocwen Financial Corp , down 17.2% Tsakos Energy Navigation Ltd , down 11.5% Casper Sleep Inc , down 8.6% The top three Nasdaq percentage gainers premarket .PRPG.O: MYOS RENS Technology Inc , up 155.4% YRC Worldwide Inc , up 91.9% T2 Biosystems Inc , up 67.7% The top three Nasdaq percentage losers premarket .PRPL.O: Match Group Inc , down 67.1% Rosehill Resources Equity Warrant , down 43.4% Rosehill Resources Inc , down 43.1% Beyond Meat Inc BYND.O: up 10.1% premarket BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.4% premarket BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 40.4% premarket BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.0% premarket BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 67.7% premarket BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 4.9% premarket BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 2.6% premarket BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 13.5% premarket BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 12.3% premarket BUZZ-Higher as results beat on pandemic-fueled shipments surge Inovio Pharmaceuticals Inc INO.O: down 14.0% premarket BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 1.0% premarket BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 11.8% premarket BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 91.9% premarket BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 40.9% premarket BUZZ-Drops on Nasdaq delisting notice (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near-flat on Wednesday, as a record single-day spike in coronavirus cases in the country heightened fears of another lockdown and threatened to derail a nascent economic recovery. S&P 500 e-minis ESc1 were up 0.28% at 3,099, while Nasdaq 100 e-minis NQc1 were up 0.02% at 10,149.5.	The top three NYSE percentage gainers premarket .PRPG.NQ: Hermitage Offshore Services Ltd , up 44.7% FedEx Corp , up 12.3% Ameresco Inc , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: Ocwen Financial Corp , down 17.2% Tsakos Energy Navigation Ltd , down 11.5% Casper Sleep Inc , down 8.6% The top three Nasdaq percentage gainers premarket .PRPG.O: MYOS RENS Technology Inc , up 155.4% YRC Worldwide Inc , up 91.9% T2 Biosystems Inc , up 67.7% The top three Nasdaq percentage losers premarket .PRPL.O: Match Group Inc , down 67.1% Rosehill Resources Equity Warrant , down 43.4% Rosehill Resources Inc , down 43.1% Beyond Meat Inc BYND.O: up 10.1% premarket BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.4% premarket BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 40.4% premarket BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.0% premarket BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 67.7% premarket BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 4.9% premarket BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 2.6% premarket BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 13.5% premarket BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 12.3% premarket BUZZ-Higher as results beat on pandemic-fueled shipments surge Inovio Pharmaceuticals Inc INO.O: down 14.0% premarket BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 1.0% premarket BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 11.8% premarket BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 91.9% premarket BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 40.9% premarket BUZZ-Drops on Nasdaq delisting notice (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near-flat on Wednesday, as a record single-day spike in coronavirus cases in the country heightened fears of another lockdown and threatened to derail a nascent economic recovery. S&P 500 e-minis ESc1 were up 0.28% at 3,099, while Nasdaq 100 e-minis NQc1 were up 0.02% at 10,149.5.	The top three NYSE percentage gainers premarket .PRPG.NQ: Hermitage Offshore Services Ltd , up 44.7% FedEx Corp , up 12.3% Ameresco Inc , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: Ocwen Financial Corp , down 17.2% Tsakos Energy Navigation Ltd , down 11.5% Casper Sleep Inc , down 8.6% The top three Nasdaq percentage gainers premarket .PRPG.O: MYOS RENS Technology Inc , up 155.4% YRC Worldwide Inc , up 91.9% T2 Biosystems Inc , up 67.7% The top three Nasdaq percentage losers premarket .PRPL.O: Match Group Inc , down 67.1% Rosehill Resources Equity Warrant , down 43.4% Rosehill Resources Inc , down 43.1% Beyond Meat Inc BYND.O: up 10.1% premarket BUZZ-Beyond Meat to launch retail sales of patties in China, shares jump Denny's Corp DENN.O: down 9.4% premarket BUZZ-Denny's drops on stock offering plans Akero Therapeutics Inc AKRO.O: up 40.4% premarket BUZZ-Jumps on positive data from liver disease treatment study Travelcenters of America Inc TA.O: down 10.0% premarket BUZZ-Tumbles on stock offering T2 Biosystems Inc TTOO.O: up 67.7% premarket BUZZ-Surges after launch of COVID-19 test in U.S. Northern Oil and Gas Inc NOG.N: up 4.9% premarket BUZZ-SunTrust upgrades to 'buy', expects spending curbs Constellation Brands Inc STZ.N: up 2.6% premarket BUZZ-Gains on first-quarter profit beat MediciNova Inc MNOV.O: up 13.5% premarket BUZZ-Jumps on new drug application acceptance FedEx Corp FDX.N: up 12.3% premarket BUZZ-Higher as results beat on pandemic-fueled shipments surge Inovio Pharmaceuticals Inc INO.O: down 14.0% premarket BUZZ-Extends fall as brokerages downgrade Pebblebrook Hotel Trust PEB.N: up 1.0% premarket BUZZ-Rises on improving occupancy, reduced cash burn forecast Exela Technologies Inc XELA.O: down 11.8% premarket BUZZ-Falls on downbeat revenue forecast YRC Worldwide Inc YRCW.O: up 91.9% premarket BUZZ-Surges on credit lifeline from U.S. Treasury Therapix Biosciences Ltd TRPX.O: down 40.9% premarket BUZZ-Drops on Nasdaq delisting notice (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near-flat on Wednesday, as a record single-day spike in coronavirus cases in the country heightened fears of another lockdown and threatened to derail a nascent economic recovery. ET, Dow e-minis 1YMc1 were up 0.33% at 25,774.	453ad738-e3c5-426e-874e-1b6e147a1bd6
727315.0	2020-06-29 00:00:00 UTC	Facial-Recognition Tech Might Be the Real Reason to Buy Remark Stock	DENN	https://www.nasdaq.com/articles/facial-recognition-tech-might-be-the-real-reason-to-buy-remark-stock-2020-06-29	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips When discussing Remark Holdings (NASDAQ:MARK), most investors and pundits have focused on the ability of the company’s cameras to quickly and easily take people’s body temperatures. This in itself should be impressive enough to move MARK stock. Source: Shutterstock But Remark’s AI-enabled technology, which, as InvestorPlace columnist Josh Enomoto noted, also utilizes “optics” and “data analytics,” has so many other cool capabilities and highly useful applications. These other, largely ignored functions definitely make MARK worth buying at this point. For example, Remark’s cameras incorporate facial recognition technology. At a time when Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) have halted sales of their AI-enabled facial recognition software to law enforcement entities, Remark can fill the void by selling its cameras to such entities. In general, Remark’s technology can save businesses and other enterprises a huge amount of time and money. At a time when shoplifting is becoming a huge problem, retail chains can use Remark’s technology to quickly and easily identify those who have previously stolen products. A Closer Look at MARK Stock Schools in China are using Remark’s technology to quickly ensure that every child who’s supposed to be in school is indeed there. Of course, that technology would save many other types of entities a great deal of time and labor costs. For example, large factories could continuously ensure that all of their employees who are supposed to be on the floor are indeed there, and prisons could use Remark’s technology to ensure that all of the inmates are where they’re supposed to be. In addition to monitoring body temperatures, Remark’s technology enables businesses to check whether all the people in their establishments are wearing the proper personal protective equipment. For obvious reasons, that technology would be very valuable to businesses like movie theaters, large retailers and casinos. After all, if the customers of those businesses do not wear masks, their reputations could plunge and they could even face legal liability. And of course, hospitals would love the ability to quickly and easily monitor their employees’ adherence to rules related to the use of PPE. Remark’s technology could be great for consumers, too. As I reported in my previous column about the company, Remark’s Chinese subsidiary participated in providing a product to China Mobile (NYSE:CHL) that allows consumers to find the nearest stores, check how many customers are waiting in line at each store, and obtain a ticket online that will allow them to be helped by a customer service representative at a store. I would love a product that could tell me how long the lines are at my local Denny’s (NASDAQ:DENN) restaurant on a Sunday morning or at Home Depot (NYSE:HD) on a weekday evening. And I’m sure that fans of Apple (NASDAQ:AAPL) would love to know how long the lines are at their local Apple stores in the days following the introduction of a new iPhone. Or how about tourists who are visiting Disney’s (NYSE:DIS) Disneyworld or Universal and want to know which rides to go to first? The Bottom Line on Remark Holdings Stock Kai-Shing Tao, Remark’s CEO, basically confirmed that a huge casino chain, Wynn (NASDAQ:WYNN), had bought the company’s product. “As we load up the Wynn Las Vegas web page, you’ll see our technology there,” Tao said. The fact that Wynn, along with China Mobile (NYSE:CHL), is using Remark’s product, strongly indicates that its technology is unique, valuable and functions well. And as I illustrated above, Remark’s technology has a wide range of applications and can be extremely valuable for many end-users. Meanwhile, the market cap of MARK stock is around $225 million. Given the high value of its technology, I think the company could easily be worth $5 billion in five years. As a result, I think the shares are worth buying at this point. Larry Ramer has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Lyft, solar stocks, and Snap. You can reach him on StockTwits at @larryramer. As of this writing, Larry Ramer owned shares of Remark. The post Facial-Recognition Tech Might Be the Real Reason to Buy Remark Stock appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	I would love a product that could tell me how long the lines are at my local Denny’s (NASDAQ:DENN) restaurant on a Sunday morning or at Home Depot (NYSE:HD) on a weekday evening. Source: Shutterstock But Remark’s AI-enabled technology, which, as InvestorPlace columnist Josh Enomoto noted, also utilizes “optics” and “data analytics,” has so many other cool capabilities and highly useful applications. In addition to monitoring body temperatures, Remark’s technology enables businesses to check whether all the people in their establishments are wearing the proper personal protective equipment.	I would love a product that could tell me how long the lines are at my local Denny’s (NASDAQ:DENN) restaurant on a Sunday morning or at Home Depot (NYSE:HD) on a weekday evening. A Closer Look at MARK Stock Schools in China are using Remark’s technology to quickly ensure that every child who’s supposed to be in school is indeed there. In addition to monitoring body temperatures, Remark’s technology enables businesses to check whether all the people in their establishments are wearing the proper personal protective equipment.	I would love a product that could tell me how long the lines are at my local Denny’s (NASDAQ:DENN) restaurant on a Sunday morning or at Home Depot (NYSE:HD) on a weekday evening. InvestorPlace - Stock Market News, Stock Advice & Trading Tips When discussing Remark Holdings (NASDAQ:MARK), most investors and pundits have focused on the ability of the company’s cameras to quickly and easily take people’s body temperatures. A Closer Look at MARK Stock Schools in China are using Remark’s technology to quickly ensure that every child who’s supposed to be in school is indeed there.	I would love a product that could tell me how long the lines are at my local Denny’s (NASDAQ:DENN) restaurant on a Sunday morning or at Home Depot (NYSE:HD) on a weekday evening. InvestorPlace - Stock Market News, Stock Advice & Trading Tips When discussing Remark Holdings (NASDAQ:MARK), most investors and pundits have focused on the ability of the company’s cameras to quickly and easily take people’s body temperatures. These other, largely ignored functions definitely make MARK worth buying at this point.	b6a2ffed-b9b1-43db-9611-0e8b7ff0253f
727316.0	2020-06-24 00:00:00 UTC	Why These Restaurant Stocks Sank on Wednesday	DENN	https://www.nasdaq.com/articles/why-these-restaurant-stocks-sank-on-wednesday-2020-06-24	nan	nan	What happened Shares of Cheesecake Factory (NASDAQ: CAKE), Dave & Buster's (NASDAQ: PLAY), and Denny's (NASDAQ: DENN), various restaurant chain stocks, all dropped over 10% Wednesday morning as broader markets sold off due to rising numbers of COVID-19 infections in some regions. So what Over the past few weeks, the broader markets have consistently climbed higher as consumers and analysts felt the worst of the COVID-19 coronavirus pandemic was behind us. While it is possible the worst is behind us, the harsh truth is that not only is a second wave possible, we're already seeing spikes in infection cases. Florida and California announced Wednesday record-high, one-day tallies for new cases, and Arizona hit its own record on Tuesday. Worse yet, Houston Mayor Sylvester Turner said the city's intensive care units were at 97% of capacity. ^SPX data by YCharts The market volatility is a sign of how quickly perceptions of the pandemic can change: One day developments are positive, and it's all sunshine and roses, and overnight it can turn pessimistic and gloomy for the foreseeable future. High economic uncertainty remains in the face of rising cases. How the nation handles the next couple of weeks will be critical in determining the direction of the pandemic, economy, and stock markets. A rise in cases and potentially more cautious consumers are obviously bad news for restaurant chains, such as Cheesecake Factory, Dave & Buster's, and Denny's, as the companies were hoping to have the worst behind them and were ready to continue opening doors and generating dine-in revenue. Let's use Dave & Buster's as an example of how difficult COVID-19 has been. Management noted during its first-quarter results that on a scaled-down business model with compressed menus and reduced operating hours and capacity, stores were running at about 37% of their pre-pandemic sales volumes. Management was aiming to have 48 of its 137 locations open by mid-June, and the company hopes the sheer size of its locations will enable them to operate sufficiently amid social distancing and capacity restraints. Cheesecake Factory planned to have roughly 65% of its restaurants open for dine-in by mid-June and also noted that the first set of stores opened are running at about 75% of the prior year's figures. Denny's has also seen sales consistently improve: Every single week during the second quarter sequentially showed improving sales. Image source: Getty Images. Now what Markets do not digest uncertainty well. And uncertainty is the name of the game for restaurant chains trying to balance profitability in the face of restrictions. On top of those challenges, restaurants must continue to innovate new ways to increase off-premise, delivery, takeout or drive-thru businesses, while also attempting to convince consumers it's safe to dine-in at store locations. Those were difficult tasks even when COVID-19 data suggested the worst of the impacts were behind us and the economy was improving. But recent data suggest the pandemic is still a battle we will be fighting on multiple fronts. At the end of the day, investors need to ask themselves if their long-term catalysts and bull thesis remain intact, and if the company has ample liquidity to survive this speed bump. If the answer to those two questions are yes, take stock price pops and drops like today with a grain of salt. 10 stocks we like better than The Cheesecake Factory When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and The Cheesecake Factory wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Daniel Miller has no position in any of the stocks mentioned. The Motley Fool recommends Dave & Buster's Entertainment. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	A rise in cases and potentially more cautious consumers are obviously bad news for restaurant chains, such as Cheesecake Factory, Dave & Buster's, and Denny's, as the companies were hoping to have the worst behind them and were ready to continue opening doors and generating dine-in revenue. What happened Shares of Cheesecake Factory (NASDAQ: CAKE), Dave & Buster's (NASDAQ: PLAY), and Denny's (NASDAQ: DENN), various restaurant chain stocks, all dropped over 10% Wednesday morning as broader markets sold off due to rising numbers of COVID-19 infections in some regions. Denny's has also seen sales consistently improve: Every single week during the second quarter sequentially showed improving sales.	What happened Shares of Cheesecake Factory (NASDAQ: CAKE), Dave & Buster's (NASDAQ: PLAY), and Denny's (NASDAQ: DENN), various restaurant chain stocks, all dropped over 10% Wednesday morning as broader markets sold off due to rising numbers of COVID-19 infections in some regions. A rise in cases and potentially more cautious consumers are obviously bad news for restaurant chains, such as Cheesecake Factory, Dave & Buster's, and Denny's, as the companies were hoping to have the worst behind them and were ready to continue opening doors and generating dine-in revenue. Denny's has also seen sales consistently improve: Every single week during the second quarter sequentially showed improving sales.	What happened Shares of Cheesecake Factory (NASDAQ: CAKE), Dave & Buster's (NASDAQ: PLAY), and Denny's (NASDAQ: DENN), various restaurant chain stocks, all dropped over 10% Wednesday morning as broader markets sold off due to rising numbers of COVID-19 infections in some regions. A rise in cases and potentially more cautious consumers are obviously bad news for restaurant chains, such as Cheesecake Factory, Dave & Buster's, and Denny's, as the companies were hoping to have the worst behind them and were ready to continue opening doors and generating dine-in revenue. Denny's has also seen sales consistently improve: Every single week during the second quarter sequentially showed improving sales.	A rise in cases and potentially more cautious consumers are obviously bad news for restaurant chains, such as Cheesecake Factory, Dave & Buster's, and Denny's, as the companies were hoping to have the worst behind them and were ready to continue opening doors and generating dine-in revenue. What happened Shares of Cheesecake Factory (NASDAQ: CAKE), Dave & Buster's (NASDAQ: PLAY), and Denny's (NASDAQ: DENN), various restaurant chain stocks, all dropped over 10% Wednesday morning as broader markets sold off due to rising numbers of COVID-19 infections in some regions. Denny's has also seen sales consistently improve: Every single week during the second quarter sequentially showed improving sales.	79ef481c-cb82-42f9-98c0-2c4663ce3d41
727317.0	2020-06-23 00:00:00 UTC	Noteworthy Tuesday Option Activity: MTCH, UPS, DENN	DENN	https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-mtch-ups-denn-2020-06-23	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Match Group Inc (Symbol: MTCH), where a total of 12,633 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 57.4% of MTCH's average daily trading volume over the past month of 2.2 million shares. Particularly high volume was seen for the $100 strike call option expiring January 15, 2021, with 1,836 contracts trading so far today, representing approximately 183,600 underlying shares of MTCH. Below is a chart showing MTCH's trailing twelve month trading history, with the $100 strike highlighted in orange: United Parcel Service Inc (Symbol: UPS) saw options trading volume of 25,294 contracts, representing approximately 2.5 million underlying shares or approximately 55.3% of UPS's average daily trading volume over the past month, of 4.6 million shares. Particularly high volume was seen for the $110 strike put option expiring August 21, 2020, with 7,449 contracts trading so far today, representing approximately 744,900 underlying shares of UPS. Below is a chart showing UPS's trailing twelve month trading history, with the $110 strike highlighted in orange: And Denny's Corp (Symbol: DENN) saw options trading volume of 8,613 contracts, representing approximately 861,300 underlying shares or approximately 54.9% of DENN's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $12.50 strike call option expiring July 17, 2020, with 3,129 contracts trading so far today, representing approximately 312,900 underlying shares of DENN. Below is a chart showing DENN's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for MTCH options, UPS options, or DENN options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Especially high volume was seen for the $12.50 strike call option expiring July 17, 2020, with 3,129 contracts trading so far today, representing approximately 312,900 underlying shares of DENN. Below is a chart showing UPS's trailing twelve month trading history, with the $110 strike highlighted in orange: And Denny's Corp (Symbol: DENN) saw options trading volume of 8,613 contracts, representing approximately 861,300 underlying shares or approximately 54.9% of DENN's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing DENN's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for MTCH options, UPS options, or DENN options, visit StockOptionsChannel.com.	Below is a chart showing UPS's trailing twelve month trading history, with the $110 strike highlighted in orange: And Denny's Corp (Symbol: DENN) saw options trading volume of 8,613 contracts, representing approximately 861,300 underlying shares or approximately 54.9% of DENN's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing DENN's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for MTCH options, UPS options, or DENN options, visit StockOptionsChannel.com. Especially high volume was seen for the $12.50 strike call option expiring July 17, 2020, with 3,129 contracts trading so far today, representing approximately 312,900 underlying shares of DENN.	Below is a chart showing UPS's trailing twelve month trading history, with the $110 strike highlighted in orange: And Denny's Corp (Symbol: DENN) saw options trading volume of 8,613 contracts, representing approximately 861,300 underlying shares or approximately 54.9% of DENN's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $12.50 strike call option expiring July 17, 2020, with 3,129 contracts trading so far today, representing approximately 312,900 underlying shares of DENN. Below is a chart showing DENN's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for MTCH options, UPS options, or DENN options, visit StockOptionsChannel.com.	Especially high volume was seen for the $12.50 strike call option expiring July 17, 2020, with 3,129 contracts trading so far today, representing approximately 312,900 underlying shares of DENN. Below is a chart showing UPS's trailing twelve month trading history, with the $110 strike highlighted in orange: And Denny's Corp (Symbol: DENN) saw options trading volume of 8,613 contracts, representing approximately 861,300 underlying shares or approximately 54.9% of DENN's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing DENN's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for MTCH options, UPS options, or DENN options, visit StockOptionsChannel.com.	1aa3e732-3e1e-4a7d-80c5-4a22892ef9ff
727318.0	2020-06-11 00:00:00 UTC	Expect Increased Volatility in Beyond Meat Stock	DENN	https://www.nasdaq.com/articles/expect-increased-volatility-in-beyond-meat-stock-2020-06-11	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Early June saw Beyond Meat (NASDAQ:BYND) stock reach new highs for 2020. Year-to-date, BYND stock is up an eye-popping 106%. Source: Sundry Photography / Shutterstock.com As we get ready to finish the first half of the year, investors are wondering if now may be a good time to put their faith in the group. The plant-based food maker is one of the stocks that gets a lot of short-term trading attention. Long-term investors should expect choppiness ahead. Yet, if you have a time horizon of two or three years, then you may consider buying the dips in BYND stock. Quarterly Earnings for Beyond Meat The California-headquartered company posted better-than-expected first-quarter earnings in early May. Net revenue was $97.1 million, an increase of 141% year over year. Net income was $1.8 million, or 3 cents per share, compared with a net loss of $6.6 million, or 95 cents per share, a year ago. BYND also provided number for outlets as of March 2020. They were: U.S. retail (around 25,000) U.S. food service (around 34,000) International retail (around 18,000) International food service (around 17,000) Earnings showed that Beyond Meat is increasing its restaurant partnerships both in the U.S. and internationally, including Denny’s (NASDAQ:DENN), Dunkin’ Brands (NASDAQ:DNKN), McDonald’s (NYSE:MCD), Starbucks (NASDAQ:SBUX) and Yum! Brands’ (NYSE:YUM) KFC unit as well as privately held Carl’s Jr. and Subway. It made its first entry into mainland China through the Starbucks China partnership. The 9 Best Cryptocurrencies to Watch for the Rest of 2020 The quarterly results showed that Beyond Meat has been executing well. However, management warned that it saw a decline in sales at the end of March as the novel coronavirus pandemic forced many restaurants around the country into closure. Following the release of the results, investors showed their renewed faith in the company. Since then, BYND stock has increased from $120 level to the current price of about $154. Long-Term Catalysts for BYND Stock Meat alternatives are either “made from plants (plant-based) or artificially replicated in a lab (cell-based).” Recent research led by the Department of Plant Sciences in the University of Saskatchewan, Canada, highlights that “the trend towards consumption of plant-derived foods is on the rise worldwide.” Many scientists and analysts agree that the discourse around reduced consumption of animal-based meat is likely to gather pace in this new decade. And the number of people switching to or at least trying meatless, plant-based protein foods will likely increase. Therefore, Beyond Meat is possibly at the right place at the right time. Therefore, the future looks bright for Beyond Meat and hence BYND stock. For example, in recent days, the company announced that it is now partnering with Sinodis, a leading imported food distributor in China. The group will distribute Beyond Meat products via its network of over 4,500 wholesalers, restaurants, and hotels. China is the world’s most populous nation. And investors were pleased. The announcement pushed BYND stock to new highs for the year. 2 Potential Short-Term Headwinds Profit-taking: So far in the year, BYND stock has been flying high. If you were brave enough to buy into the share price around $48 in late March, your return in less than three months would be about 225%. BYND stock short-term charts are currently overbought. Although a stock’s price can stay overbought for quite some time, it’s also be timely to expect some profit-taking. In the coming days, there may be a decline toward $135 level. Such a drop in the BYND stock price would give long-term investors a better entry point into the shares. BYND stock typically reacts to news headlines, specific to the company as well as the broader markets. Therefore, investors should expect short-term choppiness in the shares. Expensive valuation: Beyond Meat’s forward price-earnings ratio currently stands at 714. That is expensive by any fundamental measure. At the end of March 2020, it was around 133. Its price-sales ratio is over 23.2. By comparison, the price-sales ratio of the S&P 500 index is around 2.1. BYND stock’s premium valuation is in part due to its place as the sole pure play public company in the plant-based food category. However, it is important to remember that the maker of plant-based burgers is also facing increased competition from traditional food companies as well as new entrants into the industry. For example, products by privately owned Impossible Foods is getting consumers’ attention. It has now launched a direct-to-consumer sales website. Similarly, Cargill, one of the largest agri-food businesses in the world, recently invested in the development of plant-based proteins. And in case, there is another IPO in the coming months, then some of the buzz surrounding BYND meat may indeed disappear. The Bottom Line on BYND Stock Beyond Meat will continue to ride the increasing plant-based food consumption tailwinds over the next several years. And that will likely mean substantial gains in revenues and profits, translating into a higher BYND stock price. However, in the short run, investors should embrace for volatility with possibly a downward bias in the shares. In case of a sentiment change in the broader markets or the industry, BYND stock’s valuation numbers may become simply unsustainable. Therefore, if you currently hold paper profits in BYND stock, you may want to ring the cash register. Alternatively, you may also consider hedging your position with covered calls. For example, Aug. 21 expiry ATM calls would decrease portfolio volatility and offer investors some downside protection. It’d also enable investors to participate in a potential up move following the earnings release. Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. The post Expect Increased Volatility in Beyond Meat Stock appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	They were: U.S. retail (around 25,000) U.S. food service (around 34,000) International retail (around 18,000) International food service (around 17,000) Earnings showed that Beyond Meat is increasing its restaurant partnerships both in the U.S. and internationally, including Denny’s (NASDAQ:DENN), Dunkin’ Brands (NASDAQ:DNKN), McDonald’s (NYSE:MCD), Starbucks (NASDAQ:SBUX) and Yum! Source: Sundry Photography / Shutterstock.com As we get ready to finish the first half of the year, investors are wondering if now may be a good time to put their faith in the group. Long-Term Catalysts for BYND Stock Meat alternatives are either “made from plants (plant-based) or artificially replicated in a lab (cell-based).” Recent research led by the Department of Plant Sciences in the University of Saskatchewan, Canada, highlights that “the trend towards consumption of plant-derived foods is on the rise worldwide.” Many scientists and analysts agree that the discourse around reduced consumption of animal-based meat is likely to gather pace in this new decade.	They were: U.S. retail (around 25,000) U.S. food service (around 34,000) International retail (around 18,000) International food service (around 17,000) Earnings showed that Beyond Meat is increasing its restaurant partnerships both in the U.S. and internationally, including Denny’s (NASDAQ:DENN), Dunkin’ Brands (NASDAQ:DNKN), McDonald’s (NYSE:MCD), Starbucks (NASDAQ:SBUX) and Yum! InvestorPlace - Stock Market News, Stock Advice & Trading Tips Early June saw Beyond Meat (NASDAQ:BYND) stock reach new highs for 2020. Long-Term Catalysts for BYND Stock Meat alternatives are either “made from plants (plant-based) or artificially replicated in a lab (cell-based).” Recent research led by the Department of Plant Sciences in the University of Saskatchewan, Canada, highlights that “the trend towards consumption of plant-derived foods is on the rise worldwide.” Many scientists and analysts agree that the discourse around reduced consumption of animal-based meat is likely to gather pace in this new decade.	They were: U.S. retail (around 25,000) U.S. food service (around 34,000) International retail (around 18,000) International food service (around 17,000) Earnings showed that Beyond Meat is increasing its restaurant partnerships both in the U.S. and internationally, including Denny’s (NASDAQ:DENN), Dunkin’ Brands (NASDAQ:DNKN), McDonald’s (NYSE:MCD), Starbucks (NASDAQ:SBUX) and Yum! InvestorPlace - Stock Market News, Stock Advice & Trading Tips Early June saw Beyond Meat (NASDAQ:BYND) stock reach new highs for 2020. Long-Term Catalysts for BYND Stock Meat alternatives are either “made from plants (plant-based) or artificially replicated in a lab (cell-based).” Recent research led by the Department of Plant Sciences in the University of Saskatchewan, Canada, highlights that “the trend towards consumption of plant-derived foods is on the rise worldwide.” Many scientists and analysts agree that the discourse around reduced consumption of animal-based meat is likely to gather pace in this new decade.	They were: U.S. retail (around 25,000) U.S. food service (around 34,000) International retail (around 18,000) International food service (around 17,000) Earnings showed that Beyond Meat is increasing its restaurant partnerships both in the U.S. and internationally, including Denny’s (NASDAQ:DENN), Dunkin’ Brands (NASDAQ:DNKN), McDonald’s (NYSE:MCD), Starbucks (NASDAQ:SBUX) and Yum! InvestorPlace - Stock Market News, Stock Advice & Trading Tips Early June saw Beyond Meat (NASDAQ:BYND) stock reach new highs for 2020. The plant-based food maker is one of the stocks that gets a lot of short-term trading attention.	52ac48e4-efe5-4025-bf51-5be04979fbda
727319.0	2020-06-11 00:00:00 UTC	Where Will Beyond Meat Be in 10 Years?	DENN	https://www.nasdaq.com/articles/where-will-beyond-meat-be-in-10-years-2020-06-11	nan	nan	Beyond Meat's (NASDAQ: BYND) share price has more than doubled this year, even as the general market struggled amid the coronavirus outbreak. The maker of plant-based meat alternatives has taken investors on a wild and mostly positive ride since the initial public offering a year ago. The stock surged over 160% in its first day of trading in May of last year. And in in just two months, the shares skyrocketed another 255% to about $234. These days, they're trading about 32% lower than that record high. Image source: Getty Images. Triple-digit revenue gains and a booming food service business have fueled investor optimism, along with a growing market for plant-based protein. The question is whether such sales growth -- and stock performance -- can continue a decade from now. Let's have a closer look at what has brought Beyond Meat to this stage and what might be on the horizon. Lunch at Subway Excluding the most recent quarter, Beyond Meat has consistently reported quarterly revenue growth of more than 200% since its IPO. And you can now bite into a Beyond Meat product when you stop for lunch at Subway, Denny's, and other well-known restaurant chains. Earlier this year, even fast-food giant McDonald's tested a plant-lettuce-tomato sandwich using Beyond Meat's plant-based meat alternative, though no deals have been made for a permanent menu item. Food service represented about half of Beyond Meat's revenue last year. The company began to feel the impact of the coronavirus crisis late in the fiscal first quarter with a decline in sales to food service customers. The temporary shutdown of many restaurants -- and the fact that stay-at-home orders kept diners at home -- hurt sales in this segment. Still, revenue climbed 141% year over year during the quarter. And even if we see further deterioration in the current quarter, there isn't reason to worry. The coronavirus outbreak is likely a temporary event, and Beyond Meat's growth can return to its historical levels once the crisis has passed. That said, I wouldn't bet on quarterly sales gains of more than 200% over the next decade. Why? Competition is coming from all directions. First, we have the big food players that recently entered the market, including former Beyond Meat investor Tyson Foods, which launched its own plant-based meat product line called "Raised & Rooted" last year. Perdue Foods, Nestle, and Kellogg have also entered the market. Impossible Foods at Disney Then we have the rival that, like Beyond Meat, is a plant-based meat alternative specialist: Impossible Foods. The company sells its alternative-protein products to restaurants, in grocery stores, and even directly to consumers through its website. In February, Walt Disney theme parks and cruises became the latest places where you can dig into an Impossible Burger. While those various players represent competition now and likely into the future, there also are those that might challenge Beyond Meat 10 years from now. Startups like Memphis Meats, Meatable, and others are developing meat alternatives through the cultivation of animal cells. Meatable aims to have its product launched by 2025. There is room for several players if analysts are right about demand. The plant-based protein market will reach $85 billion by 2030, according to a UBS report last year. That's up from almost $5 billion in 2018. Still, with many plant-based options out there, it will be difficult for any single company to maintain high prices, and therefore, margins may be at risk. Impossible Foods recently cut prices to distributors by about 15% and has vowed to eventually undercut the price of traditional ground beef. Beyond Meat, too, has goals to work on pricing. In its most recentearnings call the company said it aims for price parity with animal protein in at least one product category by 2024. Beyond Meat said it will achieve gross margin improvements through internalization of manufacturing, packaging cost cuts, and better supply chain logistics among other efforts. Still, research and development investment continues to be a priority, with those expenses growing each quarter. METRIC Q1 2020 Q4 2019 Q3 2019 Q2 2019 R&D Expenses (YOY Growth) 38% 80% 175% 69% And for full-year 2019, R&D spending more than doubled to about $21 million. That's about 20% of the company's gross profit for the year. What will happen a decade from now? While it's important to innovate, especially in a market with so many competitors and potential competitors, I'm not so sure it will result in Beyond Meat standing out among the others a decade from now, especially if pricing is higher than that of other alternative protein companies. If prices match those of competitors, Beyond Meat may hold onto its market leadership, as it has the advantage of being among the first to make a splash in the space. But in that case, many questions remain. Will Beyond Meat be able to maintain attractive margins through efficiencies? Will sales volume make up for lower pricing? Will people prefer the taste of Beyond Meat's burger or protein developed in another manner, such as the cultivation of animal cells? It's too early to answer those questions. But with the growing number of rivals, it does seem likely that 10 years from now, competition may eat away at Beyond Meat. Still, while I think competition represents a real risk in the future, Beyond Meat shares have further to go in the coming year as the company continues to expand. Just this week, the stock surged 20% in one trading session after Beyond Meat said Sinodis, a leading distributor of imported foods in China, would distribute its products. And that's good news for investors with a shorter investment horizon. 10 stocks we like better than Beyond Meat, Inc. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Beyond Meat, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Adria Cimino has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Walt Disney. The Motley Fool recommends Beyond Meat, Inc. and Nestle and recommends the following options: long January 2021 $60 calls on Walt Disney and short July 2020 $115 calls on Walt Disney. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	And you can now bite into a Beyond Meat product when you stop for lunch at Subway, Denny's, and other well-known restaurant chains. Triple-digit revenue gains and a booming food service business have fueled investor optimism, along with a growing market for plant-based protein. Beyond Meat said it will achieve gross margin improvements through internalization of manufacturing, packaging cost cuts, and better supply chain logistics among other efforts.	And you can now bite into a Beyond Meat product when you stop for lunch at Subway, Denny's, and other well-known restaurant chains. First, we have the big food players that recently entered the market, including former Beyond Meat investor Tyson Foods, which launched its own plant-based meat product line called "Raised & Rooted" last year. Impossible Foods recently cut prices to distributors by about 15% and has vowed to eventually undercut the price of traditional ground beef.	And you can now bite into a Beyond Meat product when you stop for lunch at Subway, Denny's, and other well-known restaurant chains. Earlier this year, even fast-food giant McDonald's tested a plant-lettuce-tomato sandwich using Beyond Meat's plant-based meat alternative, though no deals have been made for a permanent menu item. First, we have the big food players that recently entered the market, including former Beyond Meat investor Tyson Foods, which launched its own plant-based meat product line called "Raised & Rooted" last year.	And you can now bite into a Beyond Meat product when you stop for lunch at Subway, Denny's, and other well-known restaurant chains. The question is whether such sales growth -- and stock performance -- can continue a decade from now. First, we have the big food players that recently entered the market, including former Beyond Meat investor Tyson Foods, which launched its own plant-based meat product line called "Raised & Rooted" last year.	29feab48-7138-4f38-86ba-27bd45f02eaf
727320.0	2020-06-08 00:00:00 UTC	Consumer Sector Update for 06/08/2020: DENN,BYND,NKLA,GNUS	DENN	https://www.nasdaq.com/articles/consumer-sector-update-for-06-08-2020%3A-dennbyndnklagnus-2020-06-08	nan	nan	Consumer stocks were finishing near their session highs, with the SPDR Consumer Staples Select Sector ETF climbing 0.8% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was rising 1.4%. In company news, Denny's (DENN) was hanging on for a 2% gain after the restaurant chain disclosed plans for a mixed shelf offering of up to $200 million of its common and preferred stock and warrants to buy additional shares from time to time. Nikola (NKLA) raced 95% higher after VectoIQ Acquisition Corp (VTIQ) late Friday completed its merger with electric vehicle maker Nikola and Monday began trading under the NKLA ticker symbol. The company begins in the public markets with about $525 million in cash following an earlier private placement that attracted institutional investors Fidelity Management and P Schoenfeld Asset Management. Beyond Meat (BYND) rallied Monday, climbing 22% in recent trade, following reports the plant-based meat maker has signed a strategic partnership with foods importer Sinodis to distribute its products in China. Genius Brands International (GNUS) tumbled almost 14% after Monday responding to criticisms of the "smart" toy company late last week by a pair of short-seller funds, with CEO Andy Heyward asserting their public statements "contain numerous misleading statements, omissions of key facts and red herrings." The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In company news, Denny's (DENN) was hanging on for a 2% gain after the restaurant chain disclosed plans for a mixed shelf offering of up to $200 million of its common and preferred stock and warrants to buy additional shares from time to time. Nikola (NKLA) raced 95% higher after VectoIQ Acquisition Corp (VTIQ) late Friday completed its merger with electric vehicle maker Nikola and Monday began trading under the NKLA ticker symbol. Genius Brands International (GNUS) tumbled almost 14% after Monday responding to criticisms of the "smart" toy company late last week by a pair of short-seller funds, with CEO Andy Heyward asserting their public statements "contain numerous misleading statements, omissions of key facts and red herrings."	In company news, Denny's (DENN) was hanging on for a 2% gain after the restaurant chain disclosed plans for a mixed shelf offering of up to $200 million of its common and preferred stock and warrants to buy additional shares from time to time. Consumer stocks were finishing near their session highs, with the SPDR Consumer Staples Select Sector ETF climbing 0.8% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was rising 1.4%. Nikola (NKLA) raced 95% higher after VectoIQ Acquisition Corp (VTIQ) late Friday completed its merger with electric vehicle maker Nikola and Monday began trading under the NKLA ticker symbol.	In company news, Denny's (DENN) was hanging on for a 2% gain after the restaurant chain disclosed plans for a mixed shelf offering of up to $200 million of its common and preferred stock and warrants to buy additional shares from time to time. Consumer stocks were finishing near their session highs, with the SPDR Consumer Staples Select Sector ETF climbing 0.8% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was rising 1.4%. Nikola (NKLA) raced 95% higher after VectoIQ Acquisition Corp (VTIQ) late Friday completed its merger with electric vehicle maker Nikola and Monday began trading under the NKLA ticker symbol.	In company news, Denny's (DENN) was hanging on for a 2% gain after the restaurant chain disclosed plans for a mixed shelf offering of up to $200 million of its common and preferred stock and warrants to buy additional shares from time to time. Consumer stocks were finishing near their session highs, with the SPDR Consumer Staples Select Sector ETF climbing 0.8% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was rising 1.4%. Nikola (NKLA) raced 95% higher after VectoIQ Acquisition Corp (VTIQ) late Friday completed its merger with electric vehicle maker Nikola and Monday began trading under the NKLA ticker symbol.	2d027edd-0638-48a1-9c2b-e3e0519ac9a0
727321.0	2020-06-05 00:00:00 UTC	Why Restaurant Stocks Climbed Again Thursday	DENN	https://www.nasdaq.com/articles/why-restaurant-stocks-climbed-again-thursday-2020-06-05	nan	nan	What happened Restaurant stocks gained for the second day in a row on Thursday as hopes of a quick recovery continue to hold sway. Investors seem to believe that the worst of the coronavirus effect has passed and that the economy is on its way to steady improvement, which now favors the sectors hardest-hit by the lockdowns. That includes consumer discretionary stocks like those in the restaurant and travel sectors. Among Thursday's winners were Dave & Buster's (NASDAQ: PLAY), which finished up 22.4%, Ruth's Hospitality (NASDAQ: RUTH), which gained 9.6%, Denny's (NASDAQ: DENN), which closed 7.5% higher, and The Cheesecake Factory (NASDAQ: CAKE), which rose 7.6% on the day. What was also notable was that the broader market was down for the day as the S&P 500 lost 0.3%. There was a clear rotation out of stocks that have done relatively well over the last couple of months, like the tech sector, and into beaten-down stocks, like restaurants, that will see business improve during the reopening. Image source: Getty Images. So what There was no specific news out on these individual companies, but the group also rallied Wednesday after The Cheesecake Factory gave a business update that showed reopened restaurants would rapidly recover lost sales. The casual-dining chain said 25% of its restaurants had reopened as of Tuesday and that these locations had recovered 75% of prior-year sales -- even as sites enforce social distancing rules, limit seating capacities, and follow other such protocols according to local regulations. The company noted strength in its off-premises business and growth from dine-in customers. Restaurants that were doing only off-premises service generated sales at a rate of $4 million a year, or close to 40% of the usual total. Investors interpreted the news as a bullish sign for the industry and a reflection of pent-up demand for eating out. The casual dining stocks mentioned above all fell sharply during the sell-off, losing 50% or more. They mostly traded flat over the last couple of months, as the chart below shows. CAKE data by YCharts Despite the broader stock market recovery, investors have been hesitant to get back in casual dining stocks. That seems to be changing following Cheesecake Factory's recent report. Other reports also point to an economic recovery. Housing demand appears to have come roaring back, and retail chains like those operated by The TJX Companies and Michaels have said that sales are up from a year ago at reopened stores, indicating pent-up demand in other consumer-facing areas. Now what Fast-food restaurants have mostly made a strong recovery in recent weeks as Americans have grown tired of cooking for themselves and miss the convenience of restaurants. Casual-dining chains are likely to experience a similar recovery if the reopenings continue to go smoothly. Though there are still about 20,000 new coronavirus cases reported daily, there have so far been no major spikes like the one in the New York area that overwhelmed local hospitals and led to tens of thousands of deaths. Restaurant investors will also keep an eye out next Thursday for Dave & Buster's first-quarter earnings report. Dave & Buster's shut down its locations in mid-March and has not yet announced a reopening. Commentary from management will shed light on how the hardest-hit chains are coping during the crisis. As an eat-and-play brand, Dave & Buster's faces particularly difficult challenges ahead, as it will have to make patrons feel safe using shared arcade games. Whether customers come back to its locations may be a test for the broader restaurant recovery. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Jeremy Bowman owns shares of Dave & Buster's Entertainment. The Motley Fool recommends Dave & Buster's Entertainment, The Michaels Companies, and The TJX Companies. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Among Thursday's winners were Dave & Buster's (NASDAQ: PLAY), which finished up 22.4%, Ruth's Hospitality (NASDAQ: RUTH), which gained 9.6%, Denny's (NASDAQ: DENN), which closed 7.5% higher, and The Cheesecake Factory (NASDAQ: CAKE), which rose 7.6% on the day. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them!	Among Thursday's winners were Dave & Buster's (NASDAQ: PLAY), which finished up 22.4%, Ruth's Hospitality (NASDAQ: RUTH), which gained 9.6%, Denny's (NASDAQ: DENN), which closed 7.5% higher, and The Cheesecake Factory (NASDAQ: CAKE), which rose 7.6% on the day. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them!	Among Thursday's winners were Dave & Buster's (NASDAQ: PLAY), which finished up 22.4%, Ruth's Hospitality (NASDAQ: RUTH), which gained 9.6%, Denny's (NASDAQ: DENN), which closed 7.5% higher, and The Cheesecake Factory (NASDAQ: CAKE), which rose 7.6% on the day. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them!	Among Thursday's winners were Dave & Buster's (NASDAQ: PLAY), which finished up 22.4%, Ruth's Hospitality (NASDAQ: RUTH), which gained 9.6%, Denny's (NASDAQ: DENN), which closed 7.5% higher, and The Cheesecake Factory (NASDAQ: CAKE), which rose 7.6% on the day. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them!	729371ea-579e-4bdf-b4dc-803bae068ac8
727322.0	2020-05-21 00:00:00 UTC	3 Reliable Restaurant Stocks to Buy for Reopening Returns	DENN	https://www.nasdaq.com/articles/3-reliable-restaurant-stocks-to-buy-for-reopening-returns-2020-05-21	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips On May 18, President Trump met with several leaders and executives from the restaurant industry. By now, we’re all familiar with how a wide range of businesses have suffered as a result of the Covid-19 outbreak and ensuing lockdown. And so, in the recent meeting with President Trump, restaurant executives have asked for more federal assistance. They highlighted that their sector is a depressed segment of the economy and businesses will need extra capital to stay afloat until customers come back. Amid the generally grim outlook for many specfiic sectors, the past two months have seen broader market indexes rallying. Now investors are wondering if the market has flown too close to the sun. In the short run, it isn’t easy to predict what the market or any given stock mighty do. But if you are a long-term investor with a 2 to 3 year time horizon, then I believe the market offers plenty of opportunities. 7 Excellent Penny Stocks Ready to Roar As part of our economy opens up, here are three restaurant stocks that may be able to bring healthy returns for shareholders: Denny’s (NASDAQ:DENN) McDonald’s (NYSE:MCD) Starbucks (NASDAQ:SBUX) On May 18, all three of these stocks saw strong bounces alongside the rest of the market. The next day, there was some profit-taking in all three names, potentially offering better entry points for long-term investors. I expect daily volatility to continue in the short run. All three companies have recently reported earnings that showed some rough fundamental metrics. And there may still be some choppy waters ahead. Moreover, these restaurant chains will have to follow different state or even national rules depending on the state or country where a restaurant is located. But they are all large and organized enough to be able to adapt to different operating procedures rather efficiently. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com The restaurant chain bills itself as “America’s Diner” and many of its regular patrons would likely agree. As of late March, the group had a combined 1,695 franchised, licensed and company restaurants. 147 of those are outside of the continental U.S. On May 14, DENN released results for its first quarter ended March 25, 2020, and provided a business update on the impact of the COVID-19 pandemic on operations. Adjusted earnings per share (EPS) of 17 cents was better than analysts’ estimates, and despite the 36% YoY quarterly fall in revenue, the restaurant managed to post profits of $9 million. CEO John Miller said: “As restaurant operations were being limited to off-premise sales channels, we implemented streamlined menus, ‘Dine-Thru’ curbside service programs, and shareable family meal packs in a matter of days… [w]e have fortified our balance sheet, made disciplined cost savings decisions, and worked aggressively on multiple fronts to secure various forms of financial relief for our franchisees. Denny’s has also made amendments in 400 stores and begun selling grocery items. Finally, the company has been “bolstering [its] sanitation protocols to transitioning to free contactless delivery and pick up services.” Following the results, the shares popped higher. Year-to-date (YTD), DENN stock is down over 50%. On March 19, it hit a multi-year low at $4.50. Now it is hovering around $9.5. Its current trailing P/E of 5.4 and P/S ratio of 1.3 makes the casual-dining restaurant a long-term play for me, especially if the price falls toward $9 or even below. McDonald’s (MCD) Source: 8th.creator / Shutterstock.com The group has more than 38,000 restaurants in over 100 countries, though its largest segment is the U.S. And on April 30, McDonald’s reported first quarter 2020 results. CEO Chris Kempczinski commented that “McDonald’s has seen a lot over our 65 years and I’m confident that the actions we’re taking will enable us to emerge from this crisis in a position of competitive strength. But in Q1, global comparable sales declined 3.4%. Similarly, consolidated revenues decreased 6% (5% in constant currencies).” Approximately 75% of McDonald’s restaurants remain open globally. Nonetheless earlier in April, management had already withdrawn its 2020 outlook. Over 90% of McDonald’s restaurants are currently franchised. This gives it a significant competitive edge, as the initial franchise fees and continuous royalties mean high margins. It also collects rent from franchisees, as the company in fact owns most of these properties. Then it leases them out to the franchisees, often at significant markups. Put another way, the company is in the real estate business as much as food services. So far in 2020, MCD stock is down 9%. That decline is compared to a 4.8% drop in the Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY), which includes MCD as its third-largest holding at 6.55% of the portfolio, behind Amazon (NASDAQ:AMZN) at a whopping 23.9% and Home Depot (NYSE:HD) at 12.9% of the exchange-traded fund’s assets. In Aug. 2019, MCD stock hit an all-time high of $221.93. The current price of about $179 means a trailing P/E ratio of 23.5 and P/S ratio of 6.6. On a fundamental basis, I’d be more comfortable with lower values in both metrics. The Golden Arches may not yet be able to go over $200 in the second half of 2020, but if you are a buy-and-hold investor, then you may consider investing in the shares, especially if there is a dip in price toward the $170 level or below. 7 Excellent Penny Stocks Ready to Roar If you’re looking for passive income, the burger chain’s current dividend yield stands at 2.9%. Sshares are expected to go ex-dividend on May 29. However for now, McDonald’s has paused its share buyback program. Starbucks (SBUX) Source: monticello / Shutterstock.com On April 28, the coffee chain released Q2 Fiscal 2020 results that said its quarterly global same-store sales fell 10%. Americas and U.S. comparable store sales declined 3%. On the other hand in the quarter, China comparable store sales were down 50%. Regular InvestorPlace may remember that novel coronavirus-related concerns had started rather earlier in the year for Starbucks as the virus had begun affecting operations in China. For the quarter, adjusted earnings per share came at 32 cents. Revenue was $6 billion, a decline of 5% from the prior year due to lost sales related to the viral pandemic. Management also warned that third-quarter results would take a larger hit from the COVID-19 outbreak, even though sales in China were recovering. In early April, the group had already withdrawn guidance for fiscal 2020. Starbucks opened 255 net new stores in the quarter, which means a 6% YoY unit growth. At the end of the period, it had 32,050 stores globally, of which 51% and 49% were company-operated and licensed, respectively. YTD, SBUX stock is down about 13%. In July 2019, SBUX stock hit an all-time high of $99.72. But on March 18, 2020, the shares saw a 52-week low of $50.02. They are currently around $76. Its trailing P/E ratio is 26.9 and P/S ratio is 3.4. Like McDonald’s, I’d ideally like to see lower values in both metrics. Long-term investors may consider buying dips on SBUX stock, especially if it goes toward $70 or lower. Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. The post 3 Reliable Restaurant Stocks to Buy for Reopening Returns appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	7 Excellent Penny Stocks Ready to Roar As part of our economy opens up, here are three restaurant stocks that may be able to bring healthy returns for shareholders: Denny’s (NASDAQ:DENN) McDonald’s (NYSE:MCD) Starbucks (NASDAQ:SBUX) On May 18, all three of these stocks saw strong bounces alongside the rest of the market. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com The restaurant chain bills itself as “America’s Diner” and many of its regular patrons would likely agree. 147 of those are outside of the continental U.S. On May 14, DENN released results for its first quarter ended March 25, 2020, and provided a business update on the impact of the COVID-19 pandemic on operations.	7 Excellent Penny Stocks Ready to Roar As part of our economy opens up, here are three restaurant stocks that may be able to bring healthy returns for shareholders: Denny’s (NASDAQ:DENN) McDonald’s (NYSE:MCD) Starbucks (NASDAQ:SBUX) On May 18, all three of these stocks saw strong bounces alongside the rest of the market. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com The restaurant chain bills itself as “America’s Diner” and many of its regular patrons would likely agree. 147 of those are outside of the continental U.S. On May 14, DENN released results for its first quarter ended March 25, 2020, and provided a business update on the impact of the COVID-19 pandemic on operations.	7 Excellent Penny Stocks Ready to Roar As part of our economy opens up, here are three restaurant stocks that may be able to bring healthy returns for shareholders: Denny’s (NASDAQ:DENN) McDonald’s (NYSE:MCD) Starbucks (NASDAQ:SBUX) On May 18, all three of these stocks saw strong bounces alongside the rest of the market. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com The restaurant chain bills itself as “America’s Diner” and many of its regular patrons would likely agree. 147 of those are outside of the continental U.S. On May 14, DENN released results for its first quarter ended March 25, 2020, and provided a business update on the impact of the COVID-19 pandemic on operations.	7 Excellent Penny Stocks Ready to Roar As part of our economy opens up, here are three restaurant stocks that may be able to bring healthy returns for shareholders: Denny’s (NASDAQ:DENN) McDonald’s (NYSE:MCD) Starbucks (NASDAQ:SBUX) On May 18, all three of these stocks saw strong bounces alongside the rest of the market. Denny’s (DENN) Source: JHVEPhoto / Shutterstock.com The restaurant chain bills itself as “America’s Diner” and many of its regular patrons would likely agree. 147 of those are outside of the continental U.S. On May 14, DENN released results for its first quarter ended March 25, 2020, and provided a business update on the impact of the COVID-19 pandemic on operations.	c5f38195-a5f7-409a-9c78-d82e368cec69
727323.0	2020-05-20 00:00:00 UTC	Denny's (DENN) Q1 2020 Earnings Call Transcript	DENN	https://www.nasdaq.com/articles/dennys-denn-q1-2020-earnings-call-transcript-2020-05-21	nan	nan	Image source: The Motley Fool. Denny's (NASDAQ: DENN) Q1 2020 Earnings Call May 14, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day everyone, and welcome to the Denny's Corporation first-quarter 2020earnings call Today's call is being recorded. At this time, I would like to turn the conference over to Curt Nichols, vice president, investor relations and financial planning and analysis. Please go ahead, sir. Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis Thank you Christie. Good afternoon everyone, and thank you for joining us for Denny's first-quarter 2020earnings conference call With me today from management are John Miller, Denny's chief executive officer; and Robert Verostek, Denny's senior vice president and chief financial officer. Please refer to our website at investor.dennys.com to find our first-quarter earnings press release along with any reconciliation of non-GAAP financial measures mentioned on the call today. This call is being webcast, and an archive of the webcast will be available on our website later today. John will begin today's call with a business update. Robert will provide a recap of our first-quarter results and current trends before commenting on our recent credit facility amendment. After that, we will open it up for questions. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Before we begin, let me remind you that in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company knows that certain matters to be discussed by members of management during this call may constitute forward-looking statements. Management urges caution in considering its current trends and any outlook on earnings provided on this call. Such statements are subject to risk, uncertainties and other factors that may cause the actual performance of Denny's to be materially different from the performance indicated or implied by such statements. Such risks and factors are set forth in the company's most recent annual report on Form 10-K for the year ended December 25, 2019, and in any subsequent Forms 8-K and quarterly reports on Form 10-Q. With that, I will now turn the call over to John Miller, Denny's chief executive officer. John Miller -- Chief Executive Officer Thanks Curt, and good afternoon everyone. We hope that you and your families are staying safe and healthy during these challenging times, the COVID-19 pandemic and related restrictive government mandates are having an unprecedented impact on our industry and our brand. And while we started the year with solid results in our fiscal January and February periods, things changed quickly in the latter weeks of the quarter as stay-at-home directives were implemented along with mandates requiring dining room closures. We were required to make equally swift adjustments in our business, and I'm proud of how well our team and our network of franchisees work so well together to implement these changes in a matter of days. As our business was abruptly limited to off-premise sales channels only, we were fortunate to already have an established off-premise business through our Denny's on-demand platform. Prior to the pandemic, off-premise sales represented approximately 12% of our business, and nearly 60% of these transactions were pick-up orders with delivery orders representing the balance. As our business was shifting, we were able to accelerate some national broadcast media to feature a free delivery message when ordering through our website or mobile app, while also introducing a contactless delivery option. We have continued to feature free delivery while transitioning media to digital and social channels. We also quickly implemented a dine-thru curbside program to build pickup transactions and over 700 company and franchised restaurants adopted the curbside service. As a result of these efforts, average unit volumes for off-premise sales more than doubled between February and April, with pickup representing 57% of April transactions. Of the remaining delivery transactions, 28% were attributed to third-party partners in April with the balance of delivery transactions coming through our website or our mobile app. And beyond reminding guests of our existing Denny's on Demand platform and implementing curbside service, we developed a streamlined menu that was optimized to feature some of our more popular products. It also allows for greater kitchen speed and efficiency as restaurants adjusted to significantly reduced staffing levels. We encourage online ordering, but restaurants can also download and print stream live menus for single-use by our guests. Earlier this week, we introduced a slightly larger menu which added more of our popular products back. Shareable family meal packs were also quickly developed and brought to market initially featuring Grand Slam, Cheeseburger and chicken tender meals for feeding a family of four. Where permitted, we introduced Denny's market, creating an opportunity for guests to purchase certain grocery items out of our pantry, and over 400 Denny's restaurants have adopted this program, enabling one-stop shopping for our guests to order some of our signature menu items as they always have and at the same time, add a few grocery items to their order. Communication and collaboration have been critical elements in our program. We developed and shared training materials with all franchisees and restaurant managers in preparation for the impact of the pandemic. We have conducted nearly 30 calls with our system, sharing key information and best practices in this challenging time in addition to daily system email communications. In advance of jurisdictions starting to ease dine-in restrictions, our training team did a terrific job developing additional materials focused on our newly implemented health and safety measures, and these were designed to protect the well-being of our guests, restaurant teams, employees, suppliers and the public at large. Our new initiative includes best-in-class practices for operations, customer service, cleaning and sanitation and new social distancing measures. To that end, we are encouraging all restaurants to have a dedicated sanitation specialist who is tasked with disinfecting services following every guest visit. This person wears an arm band or vest that identifies their role and leaves a card on every table, notifying new guests that the area has been disinfected. To ensure the highest level of cleanliness and sanitation, our high-touch services will be regularly deep cleaned using a two-step process, clean and disinfect then sanitize. We've also removed high-touch items like table caddies and condiments from tables and continue to utilize single-use menus. Our employees are expected to wear facemask and gloves, and we've supplied all restaurants with instructions and supplies for mandatory temperature checks using no-touch forehead thermometers. Temperature checks are necessary for employees as well as vendors and service personnel entering the restaurant. Employees will be required to wash their hands and apply an alcohol-based sanitizer every 20 minutes. In addition, guests will also have easy access to hand sanitizer, and we are encouraging the installation of sanitary shields at each cash register. Social distancing within restaurants is mission-critical. We are rearranging our dining rooms to accommodate proper social distancing measures and have supplied stores with signage to mark tables that are not currently in use. We have developed merchandising that highlight social distancing and other guests safety measures with floor decals, signs, door clings, roadside banners, yard signs, posters and table cards, just to name a few. With these measures in place, we're confident that we can deliver the same high-quality food and great experience that Denny's is known for and to do so in a safe manner. We will be sharing these enhanced health and safety measures with consumers to provide them with confidence to enjoy a great Denny's meal in one of our dining rooms where permitted. In addition to the health of our guest and the general public, we have been focused on the financial health of our franchisees. Direct financial relief has consisted of an immediate deferral of remodels until further notice, a deferral of royalties and advertising fees for fiscal week 11 and the full abatement or forgiveness of such fees for fiscal weeks 12 and 13. And we also provided a 12-week lease deferral for franchisees operating in the 73 properties owned by the company. Our development team has aggressively pursued rent relief in the form of abatements or deferrals securing such relief for approximately 75% of the leases in which the company is a lessee. We are extending that same relief to franchisees who sublease from the company. Furthermore, we have worked closely with key vendors and primary third-party banks who lend to our franchisees to secure additional relief on their behalf. And I want to take a moment to personally thank our little brand partners who, while enduring equally challenging times in their businesses found the ability to provide much-needed relief to our franchisees. Most of our franchisees are small, locally owned businesses that have actually felt the economic burden of this crisis that's been caused. In fact, over 70% of our franchisees operate five or fewer restaurants, and we still have 80 franchisees operating a single restaurant. That is why federal stimulus programs are critical to our franchisees' survival and ability to protect local jobs. We fully support their individual decisions to apply for and secure economic aid during this time. To date, franchisees representing over 82% of domestic franchise restaurants have received funding under the payroll -- the Paycheck Protection Program with another 7% approved and awaiting funding. In addition to implementing a number of cost savings measures, we also entered into an amendment to our credit facility yesterday. Robert will share more details on both of these items in just a moment. As of May 13, 2020, approximately 82% of domestic Denny's restaurants were operating with some limited capacity dining rooms, most still with off-premise sales channels only at this point. Let me close by reminding you that our brand was founded on a simple principle: We love feeding people. That is why even in these challenging times, our restaurant teams have donated over 15,000 free meals to first responders and medical teams. That passion for feeding people runs deep in our franchise system and drives our collective resolve to quickly adapt to these current challenges while doing everything we can to continue safely serving our guests and the communities in which we live for many years to come. I'll now turn the call over to Robert Verostek, Denny's chief financial officer. Robert? Robert Verostek -- Senior Vice President and Chief Financial Officer Thank you John, and good afternoon everyone. As John mentioned, these are indeed unprecedented times. I will start with a brief review of our first-quarter results then share some perspective on recent trends and wrap up with an update on our liquidity position including details around the credit facility amendment we entered into yesterday. As John noted, we started the quarter on a solid footing, delivering domestic systemwide same-store sales of over 2% through our January and February fiscal periods. Due to the early impacts of COVID-19, particularly in the last two weeks of the quarter, domestic systemwide same-store sales for our March fiscal period were down 19.4%, ultimately yielding a same-store sales decline of 6.3% for the quarter. We ended the quarter with 1,695 total restaurants as Denny's franchisees opened eight restaurants. These openings were offset by 15 franchise restaurant closings and one company restaurant closing. Franchise and license revenue increased 2.9% to $54.4 million primarily due to our refranchising and development strategy that was substantially complete at the end of 2019. This was partially offset by the early impact of COVID-19 on sales at franchise restaurants and a related abatement of approximately $1.9 million in royalties and $1.2 million in advertising fees for the last two weeks of the quarter. Franchise operating margin was 46.4% compared to 48.8% in the prior-year quarter. This margin rate decrease was primarily driven by the royalty abatement and a $1 million bad debt allowance on franchise-related receivables due to COVID-19 partially offset by an improved occupancy margin. Company restaurant sales of $42.3 million were down 57.1% due to 102 equivalent unit decline in our portfolio as a result of our refranchising and development strategy as well as the early impact of COVID-19 at the end of the quarter. Company restaurant operating margin of 14.6% was flat compared to prior-year quarter. This was because of increase in occupancy-related expenses from refranchising restaurants where we own the real estate as well as an increase in general liability costs primarily due to higher property insurance costs were offset by a decrease in other operating costs. Total general and administrative expenses were $7.7 million compared to $18.8 million in the prior-year quarter. The decrease was driven by accrual reversals associated with both our short-term incentive plan and long-term share-based compensation plan based on revised achievement expectations, market valuation changes in the company's deferred compensation plan liabilities and the rationalization of certain business costs in connection with our refranchising and development strategy. These results contributed to adjusted EBITDA of $15.7 million. Depreciation and amortization expense was approximately $2.1 million lower at $4.1 million primarily resulting from a lower number of equivalent company restaurants due to our refranchising and development strategy. Interest expense was 4.1 -- $4.0 million compared to $5.4 million in the prior-year quarter primarily due to lower interest rates, lower average credit facility borrowings and a reduction in financing leases. The provision for income taxes was $2.3 million reflecting an effective income tax rate of 20.5%. Adjusted net income per share was $0.17 compared to $0.13 in the prior-year quarter. Adjusted free cash flow after cash interest, cash taxes and cash capital expenditures was $9.0 million compared to $7.2 million in the prior-year quarter primarily due to decreases in cash capital expenditures and cash interest. Cash capital expenditures which included maintenance capital and remodels, was $2.8 million compared to $7.8 million in the prior-year quarter. After drawing down $40.5 million under our credit facility near the end of the quarter, our quarter end debt-to-adjusted EBITDA leverage ratio was 3.6 times and we had approximately $334 million of total debt outstanding including $318 million under our credit facility. We allocated $34.2 million toward share repurchases during the quarter, but suspended share repurchases as of February 27, 2020, and we terminated the 10b5-1 trading plan on March 16, 2020, and as communicated in our press release that same day. As previously announced on March 16, 2020, we withdrew our guidance for the fiscal year ending December 30, 2020. Given the dynamic and evolving impact of COVID-19 pandemic on our operations and substantial uncertainty about future performance, we cannot reasonably provide an updated business outlook at this time. Turning to recent trends. We have seen sequential improvement in domestic same-store sales performance following our low point of negative 80% which occurred in the final week of the first quarter. Our domestic same-store sales results for fiscal week 19 improved to approximately negative 68%. It is worth noting that restaurants with sales in both the current year fiscal week and the equivalent prior-year week are included in the same-store sales calculation. The domestic same-store sales results for the second quarter are impacted by many restaurants operating with reduced hours particularly at late night in response to the pandemic. We exclude from our weekly same-store sales calculations, only those temporarily closed restaurants that are closed throughout the week. Any locations that report sales for portions of a week are included in the weekly calculation. As John noted earlier, we have seen a number of jurisdictions start to ease restrictions on dine-in service. With approximately 36% of a total week of sales in our restaurants occurring between Friday late night through Sunday lunch, a 50% dining room capacity limit would likely impact Denny's restaurants for only a few hours during weekends. Currently, there are 521 Denny's restaurants operating with dining room capacity limitations across 21 states. Same-store sales for locations that have been operating with open dining rooms for a full week are trending down approximately 50%, with dining room sales down approximately 68% and off-premise sales channels up approximately 105% compared to the prior year. Now, I would like to provide some perspective on breakeven sales levels for restaurants. In an off-premise-only scenario, a Denny's restaurant would need sales of approximately $1,500 per day to cover food costs, team and manager labor and other variable costs. The average volume of off-premise-only Denny's restaurants exceeded this sales level in late April. Dining room service requires more staff, so our variable cost breakeven, inclusive of management labor would be approximately $2,000 to $2,500 per day. This would represent a sales level equivalent to approximately 55% of the average unit volumes generated by Denny's domestic franchise units in 2019. In an effort to reduce our use of cash, we implemented numerous cost savings measures including suspended travel, canceled in-person field meetings, placed holds on all open corporate and field positions, significantly reduced restaurant level staffing across the portfolio, meaningfully reduced compensation for the board of directors and multiple levels of management and furloughed over 25% of the corporate office. While furloughed, the company has covered the benefits cost normally borne by the impacted employees. Unfortunately, with the uncertain length and magnitude of disruption of the pandemic on our business, we had to make the difficult decision to part ways with roughly half of those furloughed employees earlier this week. Severance costs for those impacted will be captured as a component of operating gains and losses and other charges net in our fiscal second quarter, while related payments will be made over the severance benefit period. Yesterday, May 13, 2020, we successfully entered into an amendment to our credit agreement. The amended credit agreement suspends the testing of the leverage ratio and the fixed charge coverage ratio until the first fiscal quarter ending March 31, 2021, at which time modified leverage ratio and fixed charge coverage ratio covenant testing will resume. The amendment adds a monthly minimum liquidity covenant defined as the sum of unrestricted cash and availability under the credit facility. Through the date of delivery of our financial statements for the fiscal quarter ending June 30, 2020 -- 2021, we will be unable to repurchase shares or make certain investments. Capital expenditures will also be restricted to $10 million through our first fiscal quarter ending March 31, 2021. We are extremely appreciative of the long-standing relationships we have had with our participating banks in our credit facility and the way in which they have continued to support our business. In these challenging times, our management team is focused on managing business costs while supporting Denny's recovery as dining rooms reopen. In doing so, we will leverage the strength of our asset-light business model to generate strong cash flows which we are committed to using to reduce leverage in the near term. That wraps up our prepared remarks. I will now turn the call over to the operator to begin the Q&A portion of our call. Questions & Answers: Operator [Operator instructions] And first, we'll go to Nick Setyan from Wedbush Securities. Your line is open. Nick Setyan -- Wedbush Securities -- Analyst Hi. Thanks for taking the question. I guess bigger picture before any sort of specific questions, how do you compare the breakfast offering and the breakfast daypart relative to some other obviously dayparts within the category? And are you thinking about sort of addressing the potential changing habits, etc., that we're seeing not only in the near term but over the longer term? John Miller -- Chief Executive Officer Nick, it's a great question. First of all, throughout the quarter, because the pandemic hit late in the quarter, it's hard to use that as a judge for what's happening today and what we expect to continue. There's no question that post-pandemic, the pace at which things get back to normal or a new normal we'll be carefully watching and we do not expect things to return to where they were any time soon. One of the things sort of big picture that are going on of course is the heightened desire for convenience through technology, pickup, delivery and family bundled meals, meal packs. You noted that we did quite a number of stores participated in a little bit of a grocery test. It's not a brand standard by any means, but it gave us an opportunity to manage inventory but also to provide the one-stop shop service for consumers. So whether or not things like that persist over time, it's too early to say. But what I would say is our franchise partners in collaboration with the Denny's leadership team, ops development and marketing team, all moved really quickly to listen and learn to what consumers expected from us and to adapt quickly. Some stores closed, some stores operating dine-thru operations on the parking lot and some just allowed – stayed open for delivery and pickup and did not feel compelled to set up cones and parking lot, hostess stands and the like. But we got a lot of learning through the number of stores that participated through that, Nick, and I would expect that as dining rooms start to flow back up and customers feel more comfortable and unemployment falls and momentum builds in the economy over time, some will return to normal and some there's an expectation for complete touchless, thick plates on bathroom doors, sneeze guards at registers, gloves and masks, sterile stations everywhere. People who don't want to enter their zip code at the gas station, they don't want to touch anything. So I think some of these things will persist and you'd expect that our brand would be at the warfront of accommodating what consumer expectations are as this unfolds. As far as breakfast daypart, it was our strongest daypart. The worst of course was late night because we closed early to save hours for a franchisee system on the early adaptations we made. But breakfast daypart continues to be very strong and breakfast mix continues to be very strong mixing in the low 60s all day for Denny's. Prior to pandemic, breakfast as a daypart is roughly – as a product just in the low 60s, but as a daypart call it 28, lunch 36, dinner 20 and late night 15 making up 100% of our daily sales. Nick Setyan -- Wedbush Securities -- Analyst Thank you. And the other question that's top of mind right now is the off-premise growth and not just necessarily family dining but in casual dining we've seen a big variation as much as over 50% of their current sales are now off-premise, comps down 40%, 45%. What exactly do you think put a big gap among the different concepts and how can Denny's bridge that gap in the near term? John Miller -- Chief Executive Officer Yeah. I think it's bridged by awareness. Free deliveries certainly helps raise awareness because we have breakfast and lunch equities over dinner and late night. You'd expect us not to fair as well in the early going as casual players that have more of their all daypart mix already skewed toward dinner. I think the overall trend that wouldn't be lost on any of our peers or competitors and certainly not Denny's in that it's very different on the weekends. My need is I got to get out. I need to breathe the air. I have cabin fever. I don't want to either make me wait, but don't rush me. Whereas during the week after five, dinner sales in casual or family I think the consistent theme is we are time pressured. We are multitasking. We're doing homework with the kids or honey-do items at home or extending our workday. And so the need for convenience will persist and I'd say that's true across all retail, healthcare, restaurants, casual, fast food, whatever it might be, the consumer is looking to eliminate pain points and technology will play a role in that and adapting service style will play a role in that. So how Denny's expect to adapt is to make sure that we have the right pieces and components for our customers to use. There are – even in third party delivery, they're not all equal. Some of their apps were just a little easier to use and you see over time how a preference is being developed by consumers on a couple over the four or five major players just over convenience alone. So that's very telling, Nick, the consumer expectation they're demanding of some level of perfection and the technology works and serves them. So we have to make sure Denny's is able to provide that as well. I don't want to understate the point – I don't want to take up more of your time than necessary here, but just to emphasize the point that anything you can do to signal sanitary environment is critically important right now and so we're taking extra steps there. We outlined some of those things on our call. So there's an expectation with distancing and mask, but also all these others things together with touchless will more and more be a consumer expectation and table stakes across the industry in my view. Nick Setyan -- Wedbush Securities -- Analyst Thank you very much. Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis Thanks Nick. Operator And next, we'll go to Todd Brooks from C.L. King & Associates. Your line is open. Todd, you may be on mute. You may want to pick up the handset of unmute the phone. Todd Brooks -- C.L. King and Associates -- Analyst Apologies. I was on mute. Hope you're all well. John Miller -- Chief Executive Officer Hi Todd. Todd Brooks -- C.L. King and Associates -- Analyst Robert, when you were talking about the dine-in states and where we've opened the stores down kind of 50% same-store sales, can you take a stab at what the blended capacity restrictions are if you look across the units where they fall closer to 25% and 50% or they split right in the middle or --? Robert Verostek -- Senior Vice President and Chief Financial Officer Yeah, that's an excellent question, Todd. I can you give you kind of a sense. Of those 521 in the 21 states, 75% of those units are in five states. So that's Texas, Florida, Arizona, Nevada and Utah. So to give you a sense, Texas is at 25% capacity, so it Florida. Arizona is using the terminology social distancing. That's about 71 units for us and then in Nevada around 30 units at 50%. So when I look across this board, my sense is – it's all over the place, Todd, and I think I would work you back to the point that I was trying to make within the script with regard to the idea that there are only a handful of hours over the weekend timeframe where those capacity constraints really may come into play. But to give you a sense, I would say right now it's probably in between that 25% and 50% on a blended average. Todd Brooks -- C.L. King and Associates -- Analyst OK, great. And just a follow up because you did say, I think it was Arizona is socially distanced. If we get from mandated capacity restrictions to just a state-based restriction and you look at the restaurant and if you have to do the six-foot separations, where do you think your capacity would level out if it was just socially distance as the guideline or maybe what does the Arizona capacities look like with that guideline? Robert Verostek -- Senior Vice President and Chief Financial Officer Yeah, Todd, that is a great follow-on there. When you look at the socially distance and you look at the different requirements with regard to the business by feet, that actually gives us more capacity within those units not less. We can rearrange the tables appropriately to capture even more than these – about 50% top line that many of these states are showing. So that would give us more capacity. Todd Brooks -- C.L. King and Associates -- Analyst OK, great. And then just a final question. The 18% of stores that are closed, as you're looking at that that base of temporary closures, what's the trigger that you start to see those kind of continuing to reopen here? Is that dine-in, open in their markets? Is it din-in, open at 50%? What are your thoughts of what's going to work that number down over the second quarter? Thanks. John Miller -- Chief Executive Officer Yeah. The trigger going into that was a mixed bag. Part of it is emotion. A franchisee not knowing they could rely on the PPP or not certain that that would come in. So there's some broad array of franchisees, some that have really good balance sheets but recently made investments in restaurants and maybe sort of capped out or levered to maybe the extent of their credit, but otherwise really good franchisees but a little more nervous about running out of cash. The liquidity played a role and in some of those – and then some are just really sleepy little areas or some are resort areas that went sleepy really fast. So each has their own varied set of circumstances. As far as the reopening is concerned, I think to some degree franchisees will be looking to sort of reloading, restaffing, reopening inventory and then waiting for a 50% or better because of just the gear-up costs. So I think a good portion of those will come online when it's more reliably passed the 25% mark in their jurisdiction. Todd Brooks -- C.L. King and Associates -- Analyst OK. Thanks for that John. John Miller -- Chief Executive Officer Thanks Todd. Operator And next, we'll go to Michael Tamas from Oppenheimer. Your line is open. Michael Tamas -- Oppenheimer and Co. Inc. -- Analyst Great. Thanks. Hope everyone's doing well. You mentioned that the same-store sales units with dine-in that are open are down 50%. Just wondering, can you talk about what you saw on how consumers used the brand with the off-premise mix during that timeframe versus the dine-in? John Miller -- Chief Executive Officer Yeah. I'll start the answer and turn it over it to Robert for anything I might have missed. But let's just use Texas as an example with 25% capacity. The stores opened up and still because of a weary consumer or a little nervous and some would say schizophrenic message that's not to disparage Governor Abbott in Texas for what he's trying to do to keep the public safe, but from a retail interpretation social distancing makes sense when someone's going to their grocery store and keeping six feet apart or the gas station or the Home Depot and then they go into the restaurant it's 25% capacity. So some argued that that wasn't the most rational thing to unfold. And so with that there's a lot of debate of whether or not it was really safe to go out eat but it's perfectly fine to pick up some screws and hammer. So I think that message created a little bit of a slower pickup to dine in and frankly the business picked up faster than the dine-in business picked up, so to-go was really accelerated. Then I think that continues to evolve daily. So I would not say it's a reliable predictive measure, but the early going is kind of all over the place. And Robert, do you want to add anything to that? I think to-go persists way higher and then dine-in is picking up slowly. Robert Verostek -- Senior Vice President and Chief Financial Officer That was the exact point I was going to add on, John, that we are still maintaining to go off-prem has nearly doubled over this timeframe. So with the advent of additional on-prem seating coming into play, we've been able to still maintain that really robust off-premise business even as the restaurants have come back online in a restaurant season. Michael Tamas -- Oppenheimer and Co. Inc. -- Analyst Perfect. Thanks for that. And then I think you mentioned somewhere around 90% of your franchisees either got or are still waiting to be funded from some of these federal programs. Just mentioned in response to prior questions some jitters from franchisees about potentially reopening some of those closed units. So I guess the question is do you think that the federal programs out there are enough to get the franchisees that are jittery to reopen and be successful at reopening? And then just broadly across your franchised base, do you think that there's enough out there that can help bridge them until the environment does improve or do you think they're going to have to get a little creative between now and then as some of these programs potentially wear off or just don't have enough funds? John Miller -- Chief Executive Officer Thanks Michael. With regard to the programs, as you have seen as this evolution has kind of taken place through time, these programs have evolved, come into play, been bolstered again with regard to the PPP with the second tranche. And the reality is, is one of the constraints now that's been looked at is this eight-week timeframe for the forgiveness. I think many would hope that that maybe extended. And if that were to be extended, I think that it would go a long way. With regard to becoming creative, I think many of the franchisees have already become creative with regard to ensuring that they will be able to reopen and we have worked, as we noted in these commentaries, with of their lessors. We sit in the master lease position on many and we worked with many of those lessors to get deferrals and abatements. We work with banks who know many of the franchisees, franchisee lending banks and worked with them. So again, the liquidity that we have put in place has really relieved a lot of the early on tensions and anxiousness and we will continue to work down that path to bolster the liquidity to ensure that we can get reopened at the appropriate time as off-premise becomes more widely available. Michael Tamas -- Oppenheimer and Co. Inc. -- Analyst Thank you very much. Best of luck. Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis Thank you. Operator And next, we'll go to James Rutherford from Stephens. Your line is open. James Rutherford -- Stephens Inc. -- Analyst Thank you and thanks for taking the questions here. Robert, just first one housekeeping. What assumptions go into those unit level breakeven figures that you gave us? Does that include normal rent and royalty and ad fee? Is it like a sustainable kind of long-term breakeven figure? Robert Verostek -- Senior Vice President and Chief Financial Officer Yes, so great question, James. For clarity, it would include the variability of the ad deals, it will include the variability for franchisees with regard to royalty. With regard to the more fixed components, the rest that you just mentioned, it would not include that. It's hard to make a supposition around that for the fact that we – in all cases, we don't know the lease terms of all the franchisees or whether they own that unit or the debt that they may have on that unit. So it really includes all of the variable costs except for those two larger pieces. The other piece there that you may get into to take into consideration is somewhere between the 25 to 3,000 level, you start to cover the majority of those fixed costs. So it's not that you got to go from 55% capacity to 95% to get there, but it's – so with each sequential step you cover more and more of that. But right now, given where the – as you would suspect as you've seen Curt report from numerous 8-Ks, negative 80% same-store sales, 50% same-store sales is a dream that we will continue to work to get far beyond that. James Rutherford -- Stephens Inc. -- Analyst That's very helpful. And as a follow up and kind of circling back on the decision to open the dining room, if I got my math correct, it seems like you're picking up initially about an extra 20% lift or improvement in the comp when the restaurant reopens and that's just going from the negative 68 and the most recently week to negative 50 for those that have reopened which is about $900 a day or so if that's the right math. And it also looks like the cost to reopen the dining room adds about $500 to $1,000 per day in cost. So the point I'm making is it seems like it's close to breakeven initially to reopen the dining room. So is that math correct? And if so, kind of what the incentive initially for these franchisees to open back up? Robert Verostek -- Senior Vice President and Chief Financial Officer You're math is correct. We would support generally that you certainly are in the ballpark with that. The reality is, is as you open back up you ensure that you can open up and you can – we've seen sales build upon themselves. So just the notion that you are open kind of feeds upon itself and with very limited perspective only a week or so with an on-prem business we are still getting and learning all of those various insights. John, any other thoughts on the benefits to getting open real quickly --? John Miller -- Chief Executive Officer Well, obviously you have to get momentum with staff. Employees need a certain number of hours a week to make it worth it to come off unemployment. And so building cook hours in stages and then another cook and then building hours and then stages and then another server, all those things play a role. The dynamic of managing inventory and menus, the menu will get larger as the diner goes back up again. So we sort of stage from a very small menu to we've added some items back and then we'll continue to do that as sales increase. So all these things play a role in what a small staff can do and then what a larger staff can do on the line. But it also builds momentum and sort of hopefulness. You can see – I toured quite a few restaurants yesterday. One of our larger franchisees, a 61-unit franchisee who has operations in Texas and Florida and it was just good to see cars on the parking lot. We toured competitors, fast food restaurants, fast casual and then quite a number of Denny's. And then you could just see the excitement of some of the guests to be able to sit down and be waited on. And it was nice to see the momentum starting to slowly build. James Rutherford -- Stephens Inc. -- Analyst That makes a lot of sense. Thanks very much. Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis Thank you. Operator And next, we'll go to Jake Bartlett from SunTrust. Your line is open. Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Hi. Thanks for taking the question. I appreciate all the hard work you guys are doing right now in this tough time. My question was about the cash burn rate. In some companies, some of your peers have provided kind of on a weekly basis or a monthly basis, but kind of assuming a level of same-store sales, what would you estimate your – the overall cash burn rate to be? Robert Verostek -- Senior Vice President and Chief Financial Officer Yes, so to frame that up for you, Jake, excellent question. What we can tell you is that in the month of April, our cash burn rate was somewhere in the $5 million to $7 million for the month. So if you break that down, that is somewhere between 1 million and 1.8 million on a weekly cash burn basis. So some of the things to take into account there is the idea that we have a working capital deficit as well as the restaurants were closing down, we had that burn off. So that was somewhat taken into account in that cash burn rate. So that is one thing to note. The other piece of that is not wanting to be perspective with regard to that that's why we are trying to focus everybody on these breakeven restaurant level; $1,500 for off-premise, $2,500 for on-prem because the reality is that we move and more units on – so 520 are on-prem now. We move more and more of the units into that status, that cash burn rate goes down. So I think what I can offer is that kind of the worst of the cash flow burn rate would be in that $5 million to $7 million range which represented really April. Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Got it. And then just to clarify, maybe you've given the kind of the weekly sales, but – I think I'm calculating or it looks like I'm calculating about the same-store sales would have to be somewhat north of 50% to be breakeven including some of the G&A on the store level or what has been running was down much more than that. Is that right? What is the exact kind of breakeven that a franchisee, not really just you, but a franchisee would have to see to be breakeven at I guess at the store level? Robert Verostek -- Senior Vice President and Chief Financial Officer Yes, Jake. I think you're in the ballpark there. I think that's what we're trying to relay with that $2,500 per unit, that is in that 45% to 50% range, so I think you're spot on with that breakeven level. That's what we're trying to relay. Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst OK. And then maybe if you can just explain a little bit more about the capacity constraints and what that means for you. I think you made the comment that it was only a few hours on the weekend that it would really impact you, but I know how important kind of Sunday brunches or something like that. Can you maybe help us understand just a little bit more of kind of what your typical capacity is and what – maybe at a 50% capacity constraint, what that actually means? John Miller -- Chief Executive Officer Yes. So as Robert can give sort of more of a financial precision here, but just big picture every segment of the industry has its own rhythm and ours 24 hours, seven days a week basically has less pressure on any particular daypart, so spread out. There's not a lot of peaks as a result until you get to the weekend where Saturday and Sunday – Friday nights, Saturday and Sunday represents some places where we go on weights. And so being fully listed would mean a lot to our brand on Saturday. But Sunday afternoon through Friday afternoon, there's – we don't have the same bell curves as the casual business does without the breakfast and the late night – the 24-hour daypart. So it affects us less during the week and more on the weekends as it's very different between us and other brands. So therefore, building servers and cooks for us at 25% to 50% makes sense to start bringing people on because you can't get them really interested in the role only to work Saturday and Sunday, whereas another segment maybe really waiting for 50% or higher because of their peaks, they require them differently than we do. So I don't know if that helps or not. Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Yes, that helps. I was wondering whether there was actually a disadvantage to how kind of – maybe how kind of focus your business was on the weekends, but it sounds like it was an advantage to be so spread out. And I guess --? John Miller -- Chief Executive Officer It's an advantage to start at less than 50% capacity to start to get back out again, I wouldn't call that an advantage per se. It's just a restart advantage for a few weeks. It's not material. Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Right. And then I look in a state like Georgia, we've been tracking how many stores you have opened or open for dining – dine-in. And it seems like about half have dine-in available from what we can tell, that's a capacity that's at 50%. I think you kind of addressed this question or you did address this question a little bit earlier, but what needs to change for those dine-in – for the dine-in to open in, say, in Georgia? And then also, what have been the trends over the last couple of weeks as you've – you've opened -- kind of the state of Texas opened the longest, if you could share any sort of trends there, if you can see one. Robert Verostek -- Senior Vice President and Chief Financial Officer I'll start with that question with regard to Georgia. I do think I will point you to John's comments and that is sitting here in the moment, I couldn't tell you exactly which half are opened in Georgia, but the reality is, is that we – the determination on whether a unit opens or not has different dynamics, as John pointed out, with regard to whether it could be a tourist location that may not have come back to life yet or the other complications of that. I would say in general again kind of pointing you back to the top five states if you looked at Texas, Florida, Arizona, Nevada and Utah and the numbers that are reopened again nearly have 200 reopened in Texas. So the majority of Texas came back on line fairly quickly. So I think there is a propensity for states that have opened on-premise dining for the franchisee to get back at it pretty quickly. So I think it's more of the unique case that may be – where they had the opportunity to be on-prem but have not taken that opportunity at that point. Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Great. And then last question, is there any changes you made with your marketing weights in the quarter, whether it be television or digital, that might have impacted your results versus casual dining as a whole or versus some of your competitors were either pulling back quicker or maybe continuing on? John Miller -- Chief Executive Officer Yes. So we focused our efforts on free delivery switched to some special digital channels to make sure that was known, take advantage. Remember that family dining is, of all the full service players out there, the lowest in overall to-go sales even though Denny's on Demand program has been successful for us, we're still a few hundred basis points behind our casual peers in total off-premise sales. So building momentum for that, especially with people staying at home and wanting to really focus on dinner or you can – if you're at home, shelter in place, you can take care of breakfast and lunch pretty easily. So the focus on the off-premise or delivery dollars would have been after five. So we're going to make sure that we can really optimize our Denny's on Demand platform. So free delivery, messaging and a general focus on value seems to have played well for our brand. I'll also mention that a lot of quick work to get signage streamers, banners, yard signs sometimes tempts an audience and if your hostess stands, cones for drive-thru curbside, we did a lot to call attention to ourselves where otherwise people might have just forgotten about a family diner for the weekend if they won't really go out. So we try to create some prominence and visibility around our ability to sell to-go food. We did some of those grocery sales and anything we could, even if they were low margin in the case of groceries or just strictly for the benefit of communities for our customers and to call some attention to ourselves. So that was the focus and I'd say that fared well on a couple of fronts. One, I think the results improved where we would have been without those efforts, number one. Number two, I think our franchisee community working side by side with us too have moved quickly to adapt which is great for our culture inside our brands to have the high degree of engagement and collaboration. Remember, with our steering committee, the chairs of all of our brand advisory council, we were meeting twice a week and sometimes more often than that in lengthy calls to talk about our next step. So I think that's what you'll see. You'll see more of that throughout the balance of the year I'd say among all full service peers a focus on to-go and delivery and family meal packs, bundled meals, homely replacement options, more of those kinds of things that eliminate pain points and provide convenient options for families. And Denny's is of course proud of the initiatives we have on each of those as well. Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Great. I appreciate it. Thank you. Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis Thank you. Operator And next, we'll go to Brett Levy from MKM. Your line is open. Brett Levy -- MKM Partners LLC -- Analyst Great. Thank you for taking the call. I hope everyone is doing well. I appreciate all of the color. I think you said this, but I might have missed it. Did you say what percentage of stores are currently generating either $1,500 a week or $2,000 per week? And also for the units that are open, you said off-premise sales have been up 105%, what were those trending before we had the dining rooms reopened? And then I have two franchisee questions. John Miller -- Chief Executive Officer Yes, I'll let Robert talk about the sales that we reported for the quarter and the early look into Q2. I don't think we have specific number of stores that are at or above a breakeven number. I'm sorry, I should have used my pencil for second part of your question was --? Brett Levy -- MKM Partners LLC -- Analyst You gave up 105% off-premise growth for units that were open with dining rooms. What was that trending at before the dining rooms were open? John Miller -- Chief Executive Officer Yeah. So we did – I think going back to the script, we were going into this call it 12% wrapping up the year. Robert Verostek -- Senior Vice President and Chief Financial Officer That's correct, John. And then nearly doubled as we moved into the only on-prem business there. And with regard to on-prem, I'll tell you that we got about 521 units and I'll tell you that about 18% of the U.S. still remain close, so the balance in there that would be the component that is still only off-prem. And the reality is, is we'll move more and more to the on-prem as the states get to the point that they can loosen up those restrictions. But again, 521 on-prem, 18% still not – on-prem or off-prem, so the balance is really that off-prem business. Brett Levy -- MKM Partners LLC -- Analyst Right. What I was asking is just at the 521 where you reopened, do you have any sense where the off-premise sales are for those units now versus where they were for, say, the two weeks before they opened up the dining rooms, that's kind of what I was trying to... Robert Verostek -- Senior Vice President and Chief Financial Officer Yeah sure. Absolutely. It goes back to the comments in my script. The good news is, is that with the on-prem, the off-prem business for the units that are still – that have moved on-prem have remained robust. They're still at 105%, so that 12% has nearly doubled even – and has remained even though for – again, it's a short period of time. Everything is moving here in real time, so that represents about two weeks worth of data, but we've been able to maintain that off-prem business with the same robust strength than we did as we moved through April. Brett Levy -- MKM Partners LLC -- Analyst Great. And with respect to franchisees, are you hearing any of your franchisees out there talking about maybe they need to step up closures, that's something that might have been down the road, but maybe they have to take a little bit more of aggressive stance? And also if sales challenges persists, do you believe you have, I don't know, wherewithal or the need or the desire to offer additional franchisee relief? Robert Verostek -- Senior Vice President and Chief Financial Officer So it's an excellent question. With regard to the franchisees closures, let's kind of step through that. I think it may be a little bit early in the cycle to understand that. I think the first focus was with regard to capturing liquidity and understanding what level of liquidity may be available in trying to assess how long this may last and when we were going to ramp back up. So with each passing day and week, we get better insight to that. Would it surprise me if closure requests went up? It wouldn't surprise me. But we're just not at the point right now. It would be conjecture on my part to – really can't put out a number of where that would be. As you might expect, we scenario plan every different version of what that might look like as we understand from a corporate perspective what the financials may look like. But right now I wouldn't say that we've had that big call nor would I be able to even hazard a guess what that might look like at this point in time. With regard to the availability of additional funding, our goal is – we have worked through this with our franchisees to keep a strong robust franchise system and to help our franchisees reopen would be in our best interest. But what we have committed to to-date is what we have said in the script which was the deferral for week 11 and the abatements for weeks 12 and 13 with regard to royalty and the advertising brand building fund contribution. Brett Levy -- MKM Partners LLC -- Analyst Great. But there's nothing to preclude you other than possibly covenant type restrictions? Thank you very much. Robert Verostek -- Senior Vice President and Chief Financial Officer Yeah. So just quickly to that point, the covenant type restriction is the direct loan to the franchisees. The amendment does put a cap within that, but outside of that we really don't have a restriction as long as we stay within all of our other covenants. Brett Levy -- MKM Partners LLC -- Analyst Great. Thank you very much and good luck. Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis Thank you. Operator And next, we have a follow-up question from Nick Setyan from Wedbush Securities. Nick Setyan -- Wedbush Securities -- Analyst Hi. Thanks for letting me come back on. Robert, what's the G&A run rate now? Is it – whether it's on a per week or a per month basis? Robert Verostek -- Senior Vice President and Chief Financial Officer Yes, Nick, so we look at the G&A, it is what we've said and let's see if I can figure out how to translate this. You noticed that virtually all travel has been shut off. We did have to unfortunately as I mentioned we had furloughed people with regard to – we have furloughed 25% of the home office staff and that ended up becoming a more permanent. We parted ways with those individual earlier in the week. I don't know in the moment if I had that run rate available, but I'll have Curt follow up on you on that one, Nick. Nick Setyan -- Wedbush Securities -- Analyst Yeah. No problem. And then just one clarification. Of the 521 units now has dine-in opened, how many are company owned? Robert Verostek -- Senior Vice President and Chief Financial Officer That's an excellent question too. Yes, 521 opened right now in 21 states, again that may have to be a current follow-up too. It's not on my data sheet. I apologize for that, but we will certainly get that number to you. Nick Setyan -- Wedbush Securities -- Analyst That's OK. Thank you so much and good luck. Robert Verostek -- Senior Vice President and Chief Financial Officer Thanks Nick. Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis Thank you. Operator [Operator instructions] And we'll go to James Rutherford from Stephens next. Your line is open. James Rutherford -- Stephens Inc. -- Analyst Hi. Thanks for squeezing me back in as well. I just had a quick two-parter on the supply chain and what you're hearing on that front. The first part is on food availability specifically around beef, if you had any disruption in your supply chain? The second part is just on the price increases around protein and how that might affect your franchisees profitability picture in the near term? Thank you. Robert Verostek -- Senior Vice President and Chief Financial Officer Hi, James. Good questions. Thank you for that. With regard to the supply chain, as you might expect, every time I see one of those articles related to the processing plant, I would call up the head of our procurement and he would tell me that we don't have issues. That there are plenty of animals on the ground and that the processing disruption would not be long enough to work through those number of weeks on hand that we already had available to us. So with regard to the beef that you specifically mentioned, we certainly have weeks on hand with regard to that and believe that that will get us through getting the processing plants reopened. With regard to commodity inflation again I think we're in a pretty good place. We are contracted with regard to many of our products. And so we don't – we haven't quoted the exact commodity inflation this year. There's just a lot of disruptions. And so beef and – the ones that you mentioned, the beef and the pork have been highlighted but there are obviously many other products that we'll be in abundance of and then we may be able to get a break on. Overall, in regards to our supply chain, we worked really quite well with our distributor, McLane. They have really been a valuable partner as we have worked through this and as we have ramped back up our units of 521 units that are open. We give them a heads up of what's coming on line and they've been able to get products there really in a timely fashion, so they've really stepped up. So with regard to a supply chain disruption, really haven't seen that in any regard. I think we're well covered with regard to our beef products with our multiple weeks on hand and with commodities slight inflation. I think it's really kind of too soon to give a specific number of what that might look like. And just for everyone that's still on the call, so that Nick is not the only one that gets this piece of information. With regard to the 521 units that we have on-premise sales right now, 30 of those are company owned, so 30 out of the 521. So that's a piece of information that everyone on the line can have. Operator And with no further questions in the queue, I'll turn it back to Curt Nichols for closing remarks. Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis Thank you Christie. I'd like to thank everyone for joining for joining us on today's call. We look forward to our nextearnings conference callin late July in which we will discuss our second-quarter 2020 results. Thank you and have a great evening. Operator [Operator signoff] Duration: 65 minutes Call participants: Curt Nichols -- Vice President, Investor Relations, and Financial Planning and Analysis John Miller -- Chief Executive Officer Robert Verostek -- Senior Vice President and Chief Financial Officer Nick Setyan -- Wedbush Securities -- Analyst Todd Brooks -- C.L. King and Associates -- Analyst Michael Tamas -- Oppenheimer and Co. Inc. -- Analyst James Rutherford -- Stephens Inc. -- Analyst Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Brett Levy -- MKM Partners LLC -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribing has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's (NASDAQ: DENN) Q1 2020 Earnings Call May 14, 2020, 4:30 p.m. Operator Good day everyone, and welcome to the Denny's Corporation first-quarter 2020earnings call Today's call is being recorded. Good afternoon everyone, and thank you for joining us for Denny's first-quarter 2020earnings conference call With me today from management are John Miller, Denny's chief executive officer; and Robert Verostek, Denny's senior vice president and chief financial officer.	King and Associates -- Analyst Michael Tamas -- Oppenheimer and Co. Inc. -- Analyst James Rutherford -- Stephens Inc. -- Analyst Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Brett Levy -- MKM Partners LLC -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Denny's (NASDAQ: DENN) Q1 2020 Earnings Call May 14, 2020, 4:30 p.m. Operator Good day everyone, and welcome to the Denny's Corporation first-quarter 2020earnings call Today's call is being recorded.	Good afternoon everyone, and thank you for joining us for Denny's first-quarter 2020earnings conference call With me today from management are John Miller, Denny's chief executive officer; and Robert Verostek, Denny's senior vice president and chief financial officer. Denny's (NASDAQ: DENN) Q1 2020 Earnings Call May 14, 2020, 4:30 p.m. Operator Good day everyone, and welcome to the Denny's Corporation first-quarter 2020earnings call Today's call is being recorded.	King and Associates -- Analyst Michael Tamas -- Oppenheimer and Co. Inc. -- Analyst James Rutherford -- Stephens Inc. -- Analyst Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Brett Levy -- MKM Partners LLC -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Denny's (NASDAQ: DENN) Q1 2020 Earnings Call May 14, 2020, 4:30 p.m. Operator Good day everyone, and welcome to the Denny's Corporation first-quarter 2020earnings call Today's call is being recorded.	24f0ff43-b6e9-4849-816b-8a3819941c7f
727324.0	2020-05-15 00:00:00 UTC	Why Denny's Stock Popped This Morning	DENN	https://www.nasdaq.com/articles/why-dennys-stock-popped-this-morning-2020-05-15	nan	nan	What happened Shares of Denny's (NASDAQ: DENN) popped higher on Friday morning after the casual-dining restaurant chain delivered its fiscal first-quarter report. As of 11:45 a.m. EDT, the stock was up by almost 11%. However, the stock isn't going up because last quarter was great or because the second quarter is trending any better. Place this report in the "better-than-feared" category, with bad results that were nonetheless not as bad as they could have been. And shares are still sharply down over the last 12 months. DENN data by YCharts So what Quarterly operating revenue fell 36% year over year to $96.7 million. However, Denny's was still profitable with net income of $9 million. That was down 42% from Q1 2019. During the last quarter, it repurchased $34 million of its own stock, but that was before business began to be impacted by COVID-19. Share buybacks have now been placed on hold. Those results weren't great, but investors had expected them to be a little worse. Another reason for investors' relatively upbeat response to the report relates to the company's liquidity. Previously, Denny's had said it was up to date on paying its debt obligations, but faced the possibility of being late in Q2. On Friday, it announced an amendment to its credit, remedying the problem for at least the next year. Denny's is pushing off-premise dining options. Image source: Denny's. Now what The company's fiscal first quarter ended March 25, meaning that its results were only seriously impacted by the COVID-19 pandemic for a matter of days. Fiscal Q2 is what investors should watch, and quarter-to-date results don't look promising. During Denny's best week of Q2 so far -- from April 30 to May 6 -- comparable sales were down a whopping 68% from last year. The company is showing week-over-week improvements, but that's still really bad. The loss of sales wasn't for lack of effort. More than 80% of Denny's locations are open, and management is trying everything it can think of to generate revenue. It's waiving delivery fees, offering curbside pickup, creating new specials like its family packs, developing meal kits to sell in grocery stores, and has even converted 400 stores to also sell grocery items. That's a lot of moves for a company to make in such a short time period. Among consumer-discretionary companies, restaurant chains reliant on dining rooms will face particularly challenging headwinds until social-distancing guidelines and stay-at-home restrictions are widely lifted. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Jon Quast has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Denny's (NASDAQ: DENN) popped higher on Friday morning after the casual-dining restaurant chain delivered its fiscal first-quarter report. DENN data by YCharts So what Quarterly operating revenue fell 36% year over year to $96.7 million. However, Denny's was still profitable with net income of $9 million.	What happened Shares of Denny's (NASDAQ: DENN) popped higher on Friday morning after the casual-dining restaurant chain delivered its fiscal first-quarter report. DENN data by YCharts So what Quarterly operating revenue fell 36% year over year to $96.7 million. However, Denny's was still profitable with net income of $9 million.	10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! What happened Shares of Denny's (NASDAQ: DENN) popped higher on Friday morning after the casual-dining restaurant chain delivered its fiscal first-quarter report.	DENN data by YCharts So what Quarterly operating revenue fell 36% year over year to $96.7 million. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. What happened Shares of Denny's (NASDAQ: DENN) popped higher on Friday morning after the casual-dining restaurant chain delivered its fiscal first-quarter report.	221fd99c-8345-4c40-8423-56ccb79bf8f3
727325.0	2020-05-04 00:00:00 UTC	BUZZ-U.S. STOCKS ON THE MOVE-Airlines, banks, insurers, oil stocks	DENN	https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-airlines-banks-insurers-oil-stocks-2020-05-04	nan	nan	Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett's Berkshire Hathaway dumped its stakes in the sector..N At 11:47 ET, the Dow Jones Industrial Average .DJI was down 0.82% at 23,529.3. The S&P 500 .SPX was down 0.30% at 2,822.31 and the Nasdaq Composite .IXIC was up 0.64% at 8,659.718. The top three S&P 500 .PG.INX percentage gainers: Phillips 66 PSX.N, up 5.8% Valero Energy Corp VLO.N, up 4.8% Hollyfrontier Corp HFC.N, up 3.8% The top three S&P 500 .PL.INX percentage losers: American Airlines Group Inc AAL.O, down 9.8% United Airlines Holdings Inc UAL.O, down 9.2% Delta Air Lines Inc DAL.N, down 8.8% The top two NYSE .PG.N percentage gainers: Contango Oil & Gas Company MCF.N, up 30.7% Retractable Technologies Inc RVP.N, up 27.6% The top three NYSE .PL.N percentage losers: Front Yard Residential Corp RESI.N, down 25% Pitney Bowes Inc PBI.N, down 18.9% Genesis Energy GEL.N, down 13.6% The top three Nasdaq .PG.O percentage gainers: Stemline Therapeutics Inc STML.O, up 154.4% Applied DNA APDN.O, up 49.2% Liberty Global plc LBTYB.O, up 38.8% The top three Nasdaq .PL.O percentage losers: Oxford Lane Cap , down 22.9% Frncsca Hldg Crp , down 17.6% Dave & Bust Entr , down 17% Goldman Sachs Group Inc GS.N: down 2.7% JPMorgan Chase & Co JPM.N: down 2.3% Citi C.N: down 2.9% Wells Fargo WFC.N: down 2.3% Bank of America BAC.N: down 2.4% Morgan Stanley MS.N: down 2.8% BUZZ-Big banks fall as Treasury yields drop amid risk-off mood Delta Air Lines DAL.N: down 8.8% American Airlines Co AAL.O: down 9.8% Southwest Airlines Co LUV.N: down 7.2% United Airlines UAL.O: down 9.2% Spirit Airlines SAVE.N: down 5.8% JetBlue JBLU.O: down 6.2% Alaska Air ALK.N: down 6.9% BUZZ-Airline stocks plunge after Buffett dumps stakes Prudential PLC PRU.N: down 3.3% MetLife Inc MET.N: down 3% American International Group Inc AIG.N: down 1.3% Willis Towers Watson WLTW.O: up 0.3% BUZZ-U.S. insurers fall as futures drop on renewed U.S.-China tensions Boeing BA.N: down 4.3% BUZZ-Aerospace & Defence: Berenberg does not see through to a new normal Exxon Mobil Corp XOM.N: up 1% Chevron Corp CVX.N: down 0.7% BUZZ-Street View: Exxon is taking the correct, patient approach BUZZ-Street View: Chevron's cash flow to help co weather near-term headwinds Zoom Video Communications Inc ZM.O: up 3% BUZZ- Piper Sandler hikes PT on potential upside Teladoc Health Inc TDOC.N: up 3.1% BUZZ- Creating patient awareness biggest challenge for telemedicine - GlobalData KLX Energy Services Holdings Inc KLXE.O: up 33.3% Quintana Energy Services QES.N: down 9.6% BUZZ-Jumps on merger deal with Quintana Energy Services Co-Diagnostics CODX.O: up 11.1% BUZZ-Jumps on approvals for COVID-19 tests in Mexico, India Canopy Growth Corp CGC.N: up 2.4% BUZZ-Pot producer Canopy Growth climbs as Constellation Brands ups stake Francesca's Holding Corp FRAN.O: down 17.6% BUZZ-Drops as co flags going concern doubts due to coronavirus Honeywell International Inc HON.N: down 2.2% BUZZ-Street View: Honeywell will weather COVID-19 storm in the long run Gilead Sciences Inc GILD.O: down 0.5% BUZZ-Gilead COVID-19 drug worth billions even if priced below suggested threshold Stemline Therapeutics Inc STML.O: up 154.4% BUZZ-Surges as Italian drugmaker Menarini Group agrees to buy co Anixa Biosciences Inc ANIX.O: up 6.3% BUZZ-Up on identifying potential COVID-19 treatment Occidental Petroleum OXY.N: down 3.5% BUZZ-Falls as report claims Algerian divestiture facing opposition Virgin Galactic Holdings Inc SPCE.N: down 4.1% BUZZ-Descends as co files 150 mln share offering by holders Vir Biotech VIR.O: up 9.4% Alnylam Pharmaceuticals Inc ALNY.O: up 4.3% BUZZ-Vir Biotech, Alnylam Pharma: Gain on identifying potential COVID-19 treatment Colgate-Palmolive Co CL.N: up 1.6% BUZZ-Street View: Colgate-Palmolive faces growth risks as virus-led stockpiling eases Tyson Foods Inc TSN.N: down 7.7% BUZZ-Tyson Foods warns of hit to meat sales, shares slide Activision Blizzard Inc ATVI.O: up 2.5% Electronic Arts EA.O: up 3.0% BUZZ-Activision Blizzard, Electronic Arts: CS hikes PT, sees rise in video games download PG&E Corp PCG.N: up 8.3% BUZZ-UBS sees co re-emerging from bankruptcy, upgrades to 'buy' Dave & Buster's Entertainment Inc PLAY.O: down 17% BUZZ-Falls on $100 mln share offering Front Yard Residential Corp RESI.N: down 25% BUZZ-Plunges on terminating merger with Amherst Residential Oceaneering International Inc OII.N: up 3.1% BUZZ-Cuts management base salary, shares gain Denny's Corp DENN.O: down 10.8% BUZZ-Denny's falls after reporting massive April sales drop Pitney Bowes Inc PBI.N: down 18.9% BUZZ-Drops on adj. profit miss, suspends 2020 outlook China Recycling Energy CREG.O: up 9.8% BUZZ-Rises on regaining compliance with Nasdaq listing rules Sempra Energy SRE.N: up 2.9% BUZZ-Climbs on profit beat, reaffirms earnings outlook Applied DNA APDN.O: up 49.2% Arcturus Therapeutics ARCT.O: down 3.1% ** Inovio Pharmaceuticals INO.O: up 8.5% BUZZ-Surges after positive data in mice from coronavirus vaccine The 11 major S&P 500 sectors: Communication Services .SPLRCL down 0.25% Consumer Discretionary .SPLRCD up 0.23% Consumer Staples .SPLRCS down 0.19% Energy .SPNY up 0.71% Financial .SPSY down 1.90% Health .SPXHC down 0.29% Industrial .SPLRCI down 2.44% Information Technology .SPLRCT up 0.83% Materials .SPLRCM down 0.64% Real Estate .SPLRCR down 1.40% Utilities .SPLRCU down 0.34% (Compiled by Trisha Roy in Bengaluru) ((Trisha.Roy@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6182 3635;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: Phillips 66 PSX.N, up 5.8% Valero Energy Corp VLO.N, up 4.8% Hollyfrontier Corp HFC.N, up 3.8% The top three S&P 500 .PL.INX percentage losers: American Airlines Group Inc AAL.O, down 9.8% United Airlines Holdings Inc UAL.O, down 9.2% Delta Air Lines Inc DAL.N, down 8.8% The top two NYSE .PG.N percentage gainers: Contango Oil & Gas Company MCF.N, up 30.7% Retractable Technologies Inc RVP.N, up 27.6% The top three NYSE .PL.N percentage losers: Front Yard Residential Corp RESI.N, down 25% Pitney Bowes Inc PBI.N, down 18.9% Genesis Energy GEL.N, down 13.6% The top three Nasdaq .PG.O percentage gainers: Stemline Therapeutics Inc STML.O, up 154.4% Applied DNA APDN.O, up 49.2% Liberty Global plc LBTYB.O, up 38.8% The top three Nasdaq .PL.O percentage losers: Oxford Lane Cap , down 22.9% Frncsca Hldg Crp , down 17.6% Dave & Bust Entr , down 17% Goldman Sachs Group Inc GS.N: down 2.7% JPMorgan Chase & Co JPM.N: down 2.3% Citi C.N: down 2.9% Wells Fargo WFC.N: down 2.3% Bank of America BAC.N: down 2.4% Morgan Stanley MS.N: down 2.8% BUZZ-Big banks fall as Treasury yields drop amid risk-off mood Delta Air Lines DAL.N: down 8.8% American Airlines Co AAL.O: down 9.8% Southwest Airlines Co LUV.N: down 7.2% United Airlines UAL.O: down 9.2% Spirit Airlines SAVE.N: down 5.8% JetBlue JBLU.O: down 6.2% Alaska Air ALK.N: down 6.9% BUZZ-Airline stocks plunge after Buffett dumps stakes Prudential PLC PRU.N: down 3.3% MetLife Inc MET.N: down 3% American International Group Inc AIG.N: down 1.3% Willis Towers Watson WLTW.O: up 0.3% BUZZ-U.S. insurers fall as futures drop on renewed U.S.-China tensions Boeing BA.N: down 4.3% BUZZ-Aerospace & Defence: Berenberg does not see through to a new normal Exxon Mobil Corp XOM.N: up 1% Chevron Corp CVX.N: down 0.7% BUZZ-Street View: Exxon is taking the correct, patient approach BUZZ-Street View: Chevron's cash flow to help co weather near-term headwinds Zoom Video Communications Inc ZM.O: up 3% BUZZ- Piper Sandler hikes PT on potential upside Teladoc Health Inc TDOC.N: up 3.1% BUZZ- Creating patient awareness biggest challenge for telemedicine - GlobalData KLX Energy Services Holdings Inc KLXE.O: up 33.3% Quintana Energy Services QES.N: down 9.6% BUZZ-Jumps on merger deal with Quintana Energy Services Co-Diagnostics CODX.O: up 11.1% BUZZ-Jumps on approvals for COVID-19 tests in Mexico, India Canopy Growth Corp CGC.N: up 2.4% BUZZ-Pot producer Canopy Growth climbs as Constellation Brands ups stake Francesca's Holding Corp FRAN.O: down 17.6% BUZZ-Drops as co flags going concern doubts due to coronavirus Honeywell International Inc HON.N: down 2.2% BUZZ-Street View: Honeywell will weather COVID-19 storm in the long run Gilead Sciences Inc GILD.O: down 0.5% BUZZ-Gilead COVID-19 drug worth billions even if priced below suggested threshold Stemline Therapeutics Inc STML.O: up 154.4% BUZZ-Surges as Italian drugmaker Menarini Group agrees to buy co Anixa Biosciences Inc ANIX.O: up 6.3% BUZZ-Up on identifying potential COVID-19 treatment Occidental Petroleum OXY.N: down 3.5% BUZZ-Falls as report claims Algerian divestiture facing opposition Virgin Galactic Holdings Inc SPCE.N: down 4.1% BUZZ-Descends as co files 150 mln share offering by holders Vir Biotech VIR.O: up 9.4% Alnylam Pharmaceuticals Inc ALNY.O: up 4.3% BUZZ-Vir Biotech, Alnylam Pharma: Gain on identifying potential COVID-19 treatment Colgate-Palmolive Co CL.N: up 1.6% BUZZ-Street View: Colgate-Palmolive faces growth risks as virus-led stockpiling eases Tyson Foods Inc TSN.N: down 7.7% BUZZ-Tyson Foods warns of hit to meat sales, shares slide Activision Blizzard Inc ATVI.O: up 2.5% Electronic Arts EA.O: up 3.0% BUZZ-Activision Blizzard, Electronic Arts: CS hikes PT, sees rise in video games download PG&E Corp PCG.N: up 8.3% BUZZ-UBS sees co re-emerging from bankruptcy, upgrades to 'buy' Dave & Buster's Entertainment Inc PLAY.O: down 17% BUZZ-Falls on $100 mln share offering Front Yard Residential Corp RESI.N: down 25% BUZZ-Plunges on terminating merger with Amherst Residential Oceaneering International Inc OII.N: up 3.1% BUZZ-Cuts management base salary, shares gain Denny's Corp DENN.O: down 10.8% BUZZ-Denny's falls after reporting massive April sales drop Pitney Bowes Inc PBI.N: down 18.9% BUZZ-Drops on adj. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett's Berkshire Hathaway dumped its stakes in the sector..N At 11:47 ET, the Dow Jones Industrial Average .DJI was down 0.82% at 23,529.3. profit miss, suspends 2020 outlook China Recycling Energy CREG.O: up 9.8% BUZZ-Rises on regaining compliance with Nasdaq listing rules Sempra Energy SRE.N: up 2.9% BUZZ-Climbs on profit beat, reaffirms earnings outlook Applied DNA APDN.O: up 49.2% Arcturus Therapeutics ARCT.O: down 3.1% ** Inovio Pharmaceuticals INO.O: up 8.5% BUZZ-Surges after positive data in mice from coronavirus vaccine The 11 major S&P 500 sectors: Communication Services	The top three S&P 500 .PG.INX percentage gainers: Phillips 66 PSX.N, up 5.8% Valero Energy Corp VLO.N, up 4.8% Hollyfrontier Corp HFC.N, up 3.8% The top three S&P 500 .PL.INX percentage losers: American Airlines Group Inc AAL.O, down 9.8% United Airlines Holdings Inc UAL.O, down 9.2% Delta Air Lines Inc DAL.N, down 8.8% The top two NYSE .PG.N percentage gainers: Contango Oil & Gas Company MCF.N, up 30.7% Retractable Technologies Inc RVP.N, up 27.6% The top three NYSE .PL.N percentage losers: Front Yard Residential Corp RESI.N, down 25% Pitney Bowes Inc PBI.N, down 18.9% Genesis Energy GEL.N, down 13.6% The top three Nasdaq .PG.O percentage gainers: Stemline Therapeutics Inc STML.O, up 154.4% Applied DNA APDN.O, up 49.2% Liberty Global plc LBTYB.O, up 38.8% The top three Nasdaq .PL.O percentage losers: Oxford Lane Cap , down 22.9% Frncsca Hldg Crp , down 17.6% Dave & Bust Entr , down 17% Goldman Sachs Group Inc GS.N: down 2.7% JPMorgan Chase & Co JPM.N: down 2.3% Citi C.N: down 2.9% Wells Fargo WFC.N: down 2.3% Bank of America BAC.N: down 2.4% Morgan Stanley MS.N: down 2.8% BUZZ-Big banks fall as Treasury yields drop amid risk-off mood Delta Air Lines DAL.N: down 8.8% American Airlines Co AAL.O: down 9.8% Southwest Airlines Co LUV.N: down 7.2% United Airlines UAL.O: down 9.2% Spirit Airlines SAVE.N: down 5.8% JetBlue JBLU.O: down 6.2% Alaska Air ALK.N: down 6.9% BUZZ-Airline stocks plunge after Buffett dumps stakes Prudential PLC PRU.N: down 3.3% MetLife Inc MET.N: down 3% American International Group Inc AIG.N: down 1.3% Willis Towers Watson WLTW.O: up 0.3% BUZZ-U.S. insurers fall as futures drop on renewed U.S.-China tensions Boeing BA.N: down 4.3% BUZZ-Aerospace & Defence: Berenberg does not see through to a new normal Exxon Mobil Corp XOM.N: up 1% Chevron Corp CVX.N: down 0.7% BUZZ-Street View: Exxon is taking the correct, patient approach BUZZ-Street View: Chevron's cash flow to help co weather near-term headwinds Zoom Video Communications Inc ZM.O: up 3% BUZZ- Piper Sandler hikes PT on potential upside Teladoc Health Inc TDOC.N: up 3.1% BUZZ- Creating patient awareness biggest challenge for telemedicine - GlobalData KLX Energy Services Holdings Inc KLXE.O: up 33.3% Quintana Energy Services QES.N: down 9.6% BUZZ-Jumps on merger deal with Quintana Energy Services Co-Diagnostics CODX.O: up 11.1% BUZZ-Jumps on approvals for COVID-19 tests in Mexico, India Canopy Growth Corp CGC.N: up 2.4% BUZZ-Pot producer Canopy Growth climbs as Constellation Brands ups stake Francesca's Holding Corp FRAN.O: down 17.6% BUZZ-Drops as co flags going concern doubts due to coronavirus Honeywell International Inc HON.N: down 2.2% BUZZ-Street View: Honeywell will weather COVID-19 storm in the long run Gilead Sciences Inc GILD.O: down 0.5% BUZZ-Gilead COVID-19 drug worth billions even if priced below suggested threshold Stemline Therapeutics Inc STML.O: up 154.4% BUZZ-Surges as Italian drugmaker Menarini Group agrees to buy co Anixa Biosciences Inc ANIX.O: up 6.3% BUZZ-Up on identifying potential COVID-19 treatment Occidental Petroleum OXY.N: down 3.5% BUZZ-Falls as report claims Algerian divestiture facing opposition Virgin Galactic Holdings Inc SPCE.N: down 4.1% BUZZ-Descends as co files 150 mln share offering by holders Vir Biotech VIR.O: up 9.4% Alnylam Pharmaceuticals Inc ALNY.O: up 4.3% BUZZ-Vir Biotech, Alnylam Pharma: Gain on identifying potential COVID-19 treatment Colgate-Palmolive Co CL.N: up 1.6% BUZZ-Street View: Colgate-Palmolive faces growth risks as virus-led stockpiling eases Tyson Foods Inc TSN.N: down 7.7% BUZZ-Tyson Foods warns of hit to meat sales, shares slide Activision Blizzard Inc ATVI.O: up 2.5% Electronic Arts EA.O: up 3.0% BUZZ-Activision Blizzard, Electronic Arts: CS hikes PT, sees rise in video games download PG&E Corp PCG.N: up 8.3% BUZZ-UBS sees co re-emerging from bankruptcy, upgrades to 'buy' Dave & Buster's Entertainment Inc PLAY.O: down 17% BUZZ-Falls on $100 mln share offering Front Yard Residential Corp RESI.N: down 25% BUZZ-Plunges on terminating merger with Amherst Residential Oceaneering International Inc OII.N: up 3.1% BUZZ-Cuts management base salary, shares gain Denny's Corp DENN.O: down 10.8% BUZZ-Denny's falls after reporting massive April sales drop Pitney Bowes Inc PBI.N: down 18.9% BUZZ-Drops on adj. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett's Berkshire Hathaway dumped its stakes in the sector..N At 11:47 ET, the Dow Jones Industrial Average .DJI was down 0.82% at 23,529.3. profit miss, suspends 2020 outlook China Recycling Energy CREG.O: up 9.8% BUZZ-Rises on regaining compliance with Nasdaq listing rules Sempra Energy SRE.N: up 2.9% BUZZ-Climbs on profit beat, reaffirms earnings outlook Applied DNA APDN.O: up 49.2% Arcturus Therapeutics ARCT.O: down 3.1% ** Inovio Pharmaceuticals INO.O: up 8.5% BUZZ-Surges after positive data in mice from coronavirus vaccine The 11 major S&P 500 sectors: Communication Services	The top three S&P 500 .PG.INX percentage gainers: Phillips 66 PSX.N, up 5.8% Valero Energy Corp VLO.N, up 4.8% Hollyfrontier Corp HFC.N, up 3.8% The top three S&P 500 .PL.INX percentage losers: American Airlines Group Inc AAL.O, down 9.8% United Airlines Holdings Inc UAL.O, down 9.2% Delta Air Lines Inc DAL.N, down 8.8% The top two NYSE .PG.N percentage gainers: Contango Oil & Gas Company MCF.N, up 30.7% Retractable Technologies Inc RVP.N, up 27.6% The top three NYSE .PL.N percentage losers: Front Yard Residential Corp RESI.N, down 25% Pitney Bowes Inc PBI.N, down 18.9% Genesis Energy GEL.N, down 13.6% The top three Nasdaq .PG.O percentage gainers: Stemline Therapeutics Inc STML.O, up 154.4% Applied DNA APDN.O, up 49.2% Liberty Global plc LBTYB.O, up 38.8% The top three Nasdaq .PL.O percentage losers: Oxford Lane Cap , down 22.9% Frncsca Hldg Crp , down 17.6% Dave & Bust Entr , down 17% Goldman Sachs Group Inc GS.N: down 2.7% JPMorgan Chase & Co JPM.N: down 2.3% Citi C.N: down 2.9% Wells Fargo WFC.N: down 2.3% Bank of America BAC.N: down 2.4% Morgan Stanley MS.N: down 2.8% BUZZ-Big banks fall as Treasury yields drop amid risk-off mood Delta Air Lines DAL.N: down 8.8% American Airlines Co AAL.O: down 9.8% Southwest Airlines Co LUV.N: down 7.2% United Airlines UAL.O: down 9.2% Spirit Airlines SAVE.N: down 5.8% JetBlue JBLU.O: down 6.2% Alaska Air ALK.N: down 6.9% BUZZ-Airline stocks plunge after Buffett dumps stakes Prudential PLC PRU.N: down 3.3% MetLife Inc MET.N: down 3% American International Group Inc AIG.N: down 1.3% Willis Towers Watson WLTW.O: up 0.3% BUZZ-U.S. insurers fall as futures drop on renewed U.S.-China tensions Boeing BA.N: down 4.3% BUZZ-Aerospace & Defence: Berenberg does not see through to a new normal Exxon Mobil Corp XOM.N: up 1% Chevron Corp CVX.N: down 0.7% BUZZ-Street View: Exxon is taking the correct, patient approach BUZZ-Street View: Chevron's cash flow to help co weather near-term headwinds Zoom Video Communications Inc ZM.O: up 3% BUZZ- Piper Sandler hikes PT on potential upside Teladoc Health Inc TDOC.N: up 3.1% BUZZ- Creating patient awareness biggest challenge for telemedicine - GlobalData KLX Energy Services Holdings Inc KLXE.O: up 33.3% Quintana Energy Services QES.N: down 9.6% BUZZ-Jumps on merger deal with Quintana Energy Services Co-Diagnostics CODX.O: up 11.1% BUZZ-Jumps on approvals for COVID-19 tests in Mexico, India Canopy Growth Corp CGC.N: up 2.4% BUZZ-Pot producer Canopy Growth climbs as Constellation Brands ups stake Francesca's Holding Corp FRAN.O: down 17.6% BUZZ-Drops as co flags going concern doubts due to coronavirus Honeywell International Inc HON.N: down 2.2% BUZZ-Street View: Honeywell will weather COVID-19 storm in the long run Gilead Sciences Inc GILD.O: down 0.5% BUZZ-Gilead COVID-19 drug worth billions even if priced below suggested threshold Stemline Therapeutics Inc STML.O: up 154.4% BUZZ-Surges as Italian drugmaker Menarini Group agrees to buy co Anixa Biosciences Inc ANIX.O: up 6.3% BUZZ-Up on identifying potential COVID-19 treatment Occidental Petroleum OXY.N: down 3.5% BUZZ-Falls as report claims Algerian divestiture facing opposition Virgin Galactic Holdings Inc SPCE.N: down 4.1% BUZZ-Descends as co files 150 mln share offering by holders Vir Biotech VIR.O: up 9.4% Alnylam Pharmaceuticals Inc ALNY.O: up 4.3% BUZZ-Vir Biotech, Alnylam Pharma: Gain on identifying potential COVID-19 treatment Colgate-Palmolive Co CL.N: up 1.6% BUZZ-Street View: Colgate-Palmolive faces growth risks as virus-led stockpiling eases Tyson Foods Inc TSN.N: down 7.7% BUZZ-Tyson Foods warns of hit to meat sales, shares slide Activision Blizzard Inc ATVI.O: up 2.5% Electronic Arts EA.O: up 3.0% BUZZ-Activision Blizzard, Electronic Arts: CS hikes PT, sees rise in video games download PG&E Corp PCG.N: up 8.3% BUZZ-UBS sees co re-emerging from bankruptcy, upgrades to 'buy' Dave & Buster's Entertainment Inc PLAY.O: down 17% BUZZ-Falls on $100 mln share offering Front Yard Residential Corp RESI.N: down 25% BUZZ-Plunges on terminating merger with Amherst Residential Oceaneering International Inc OII.N: up 3.1% BUZZ-Cuts management base salary, shares gain Denny's Corp DENN.O: down 10.8% BUZZ-Denny's falls after reporting massive April sales drop Pitney Bowes Inc PBI.N: down 18.9% BUZZ-Drops on adj. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett's Berkshire Hathaway dumped its stakes in the sector..N At 11:47 ET, the Dow Jones Industrial Average .DJI was down 0.82% at 23,529.3. down 0.25% Consumer Discretionary	The top three S&P 500 .PG.INX percentage gainers: Phillips 66 PSX.N, up 5.8% Valero Energy Corp VLO.N, up 4.8% Hollyfrontier Corp HFC.N, up 3.8% The top three S&P 500 .PL.INX percentage losers: American Airlines Group Inc AAL.O, down 9.8% United Airlines Holdings Inc UAL.O, down 9.2% Delta Air Lines Inc DAL.N, down 8.8% The top two NYSE .PG.N percentage gainers: Contango Oil & Gas Company MCF.N, up 30.7% Retractable Technologies Inc RVP.N, up 27.6% The top three NYSE .PL.N percentage losers: Front Yard Residential Corp RESI.N, down 25% Pitney Bowes Inc PBI.N, down 18.9% Genesis Energy GEL.N, down 13.6% The top three Nasdaq .PG.O percentage gainers: Stemline Therapeutics Inc STML.O, up 154.4% Applied DNA APDN.O, up 49.2% Liberty Global plc LBTYB.O, up 38.8% The top three Nasdaq .PL.O percentage losers: Oxford Lane Cap , down 22.9% Frncsca Hldg Crp , down 17.6% Dave & Bust Entr , down 17% Goldman Sachs Group Inc GS.N: down 2.7% JPMorgan Chase & Co JPM.N: down 2.3% Citi C.N: down 2.9% Wells Fargo WFC.N: down 2.3% Bank of America BAC.N: down 2.4% Morgan Stanley MS.N: down 2.8% BUZZ-Big banks fall as Treasury yields drop amid risk-off mood Delta Air Lines DAL.N: down 8.8% American Airlines Co AAL.O: down 9.8% Southwest Airlines Co LUV.N: down 7.2% United Airlines UAL.O: down 9.2% Spirit Airlines SAVE.N: down 5.8% JetBlue JBLU.O: down 6.2% Alaska Air ALK.N: down 6.9% BUZZ-Airline stocks plunge after Buffett dumps stakes Prudential PLC PRU.N: down 3.3% MetLife Inc MET.N: down 3% American International Group Inc AIG.N: down 1.3% Willis Towers Watson WLTW.O: up 0.3% BUZZ-U.S. insurers fall as futures drop on renewed U.S.-China tensions Boeing BA.N: down 4.3% BUZZ-Aerospace & Defence: Berenberg does not see through to a new normal Exxon Mobil Corp XOM.N: up 1% Chevron Corp CVX.N: down 0.7% BUZZ-Street View: Exxon is taking the correct, patient approach BUZZ-Street View: Chevron's cash flow to help co weather near-term headwinds Zoom Video Communications Inc ZM.O: up 3% BUZZ- Piper Sandler hikes PT on potential upside Teladoc Health Inc TDOC.N: up 3.1% BUZZ- Creating patient awareness biggest challenge for telemedicine - GlobalData KLX Energy Services Holdings Inc KLXE.O: up 33.3% Quintana Energy Services QES.N: down 9.6% BUZZ-Jumps on merger deal with Quintana Energy Services Co-Diagnostics CODX.O: up 11.1% BUZZ-Jumps on approvals for COVID-19 tests in Mexico, India Canopy Growth Corp CGC.N: up 2.4% BUZZ-Pot producer Canopy Growth climbs as Constellation Brands ups stake Francesca's Holding Corp FRAN.O: down 17.6% BUZZ-Drops as co flags going concern doubts due to coronavirus Honeywell International Inc HON.N: down 2.2% BUZZ-Street View: Honeywell will weather COVID-19 storm in the long run Gilead Sciences Inc GILD.O: down 0.5% BUZZ-Gilead COVID-19 drug worth billions even if priced below suggested threshold Stemline Therapeutics Inc STML.O: up 154.4% BUZZ-Surges as Italian drugmaker Menarini Group agrees to buy co Anixa Biosciences Inc ANIX.O: up 6.3% BUZZ-Up on identifying potential COVID-19 treatment Occidental Petroleum OXY.N: down 3.5% BUZZ-Falls as report claims Algerian divestiture facing opposition Virgin Galactic Holdings Inc SPCE.N: down 4.1% BUZZ-Descends as co files 150 mln share offering by holders Vir Biotech VIR.O: up 9.4% Alnylam Pharmaceuticals Inc ALNY.O: up 4.3% BUZZ-Vir Biotech, Alnylam Pharma: Gain on identifying potential COVID-19 treatment Colgate-Palmolive Co CL.N: up 1.6% BUZZ-Street View: Colgate-Palmolive faces growth risks as virus-led stockpiling eases Tyson Foods Inc TSN.N: down 7.7% BUZZ-Tyson Foods warns of hit to meat sales, shares slide Activision Blizzard Inc ATVI.O: up 2.5% Electronic Arts EA.O: up 3.0% BUZZ-Activision Blizzard, Electronic Arts: CS hikes PT, sees rise in video games download PG&E Corp PCG.N: up 8.3% BUZZ-UBS sees co re-emerging from bankruptcy, upgrades to 'buy' Dave & Buster's Entertainment Inc PLAY.O: down 17% BUZZ-Falls on $100 mln share offering Front Yard Residential Corp RESI.N: down 25% BUZZ-Plunges on terminating merger with Amherst Residential Oceaneering International Inc OII.N: up 3.1% BUZZ-Cuts management base salary, shares gain Denny's Corp DENN.O: down 10.8% BUZZ-Denny's falls after reporting massive April sales drop Pitney Bowes Inc PBI.N: down 18.9% BUZZ-Drops on adj. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett's Berkshire Hathaway dumped its stakes in the sector..N At 11:47 ET, the Dow Jones Industrial Average .DJI was down 0.82% at 23,529.3. The S&P 500 .SPX was down 0.30% at 2,822.31 and the Nasdaq Composite .IXIC was up 0.64% at 8,659.718.	9d14b602-2b13-4691-9d29-13d52488d2e7
727326.0	2020-04-07 00:00:00 UTC	Denny's Expects 6% Fall in Q1 Comparable-Restaurant Sales	DENN	https://www.nasdaq.com/articles/dennys-expects-6-fall-in-q1-comparable-restaurant-sales-2020-04-07	nan	nan	With the SARS-CoV-2 coronavirus continuing to spread around the world, now is not an ideal time to be in the restaurant business. The latest indication of this is an update from sturdy eggs-and-pancakes slinger Denny's (NASDAQ: DENN), which provided a gloomy forecast for the immediate future of its business in a regulatory document filed on Tuesday. In its update, Denny's said that in the present environment, it now expects comparable-restaurant sales will decline by around roughly 6% on a year-over-year basis in its just-completed first quarter. Image source: Denny's. Although "comps" rose by 2% in February, they fell precipitously (by 19%) in March as the closures of "non-essential businesses" -- such as dine-in restaurants -- were mandated throughout the U.S. The company said that the vast majority of its restaurants have switched to take-out and delivery only. However, the loss of steady dine-in restaurant traffic is going to hurt. Denny's did not proffer guidance for the full fiscal year in its filing. It did detail a number of cost efficiency measures it was adopting to cope with the current reality, however. Among other actions, its top executives, including the CEO and CFO, have had their base salaries reduced (although Denny's did not specify by how much). In the lower ranks, the company has enacted work-reduction furloughs. It has also suspended all travel and mandated a hiring freeze. Finally, the company is deferring all planned restaurant remodeling projects. This active response seemed to win the approval of investors. On Tuesday, Denny's shares closed the day 2.3% higher, which bettered the general slump of the broader equities market and numerous consumer goods stocks. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The latest indication of this is an update from sturdy eggs-and-pancakes slinger Denny's (NASDAQ: DENN), which provided a gloomy forecast for the immediate future of its business in a regulatory document filed on Tuesday. In its update, Denny's said that in the present environment, it now expects comparable-restaurant sales will decline by around roughly 6% on a year-over-year basis in its just-completed first quarter. On Tuesday, Denny's shares closed the day 2.3% higher, which bettered the general slump of the broader equities market and numerous consumer goods stocks.	The latest indication of this is an update from sturdy eggs-and-pancakes slinger Denny's (NASDAQ: DENN), which provided a gloomy forecast for the immediate future of its business in a regulatory document filed on Tuesday. In its update, Denny's said that in the present environment, it now expects comparable-restaurant sales will decline by around roughly 6% on a year-over-year basis in its just-completed first quarter. Image source: Denny's.	10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! The latest indication of this is an update from sturdy eggs-and-pancakes slinger Denny's (NASDAQ: DENN), which provided a gloomy forecast for the immediate future of its business in a regulatory document filed on Tuesday.	* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! The latest indication of this is an update from sturdy eggs-and-pancakes slinger Denny's (NASDAQ: DENN), which provided a gloomy forecast for the immediate future of its business in a regulatory document filed on Tuesday. In its update, Denny's said that in the present environment, it now expects comparable-restaurant sales will decline by around roughly 6% on a year-over-year basis in its just-completed first quarter.	e87c23e6-6791-4f79-a476-6470df11f807
727327.0	2020-03-27 00:00:00 UTC	Why Restaurant Stocks Crashed on Friday	DENN	https://www.nasdaq.com/articles/why-restaurant-stocks-crashed-on-friday-2020-03-27	nan	nan	What happened Many household-name restaurant chains took a dive on Friday, in many cases breaking a strongly positive trend. A few minutes past noon, EDT, shares of Cheesecake Factory (NASDAQ: CAKE) and Outback Steakhouse parent Bloomin' Brands (NASDAQ: BLMN) both traded 14.6% lower. Denny's (NASDAQ: DENN) fell 15.4% and Chili's parent company Brinker International (NYSE: EAT) took a 17% haircut. Olive Garden operator Darden Restaurants (NYSE: DRI) followed the pack with a milder 9.1% drop, having recovered somewhat from an earlier 12.3% plunge. Image source: Getty Images. So what All of these stocks enjoyed fantastic gains earlier this week, driven by the seemingly inexorable progress of a massive bill to manage the economic impact of the coronavirus crisis. The $2.2 billion relief bill, unanimously approved by the Senate, includes loan forgiveness and payroll assistance measures for restaurants as well as a few thousand dollars in cash for each American family. The bonus cash should help families under "shelter-in-place" orders find room in their budgets for a few delivered restaurant meals. But the bill hit a snag on Friday as lawmakers raced back from their constituent states to Washington in order to record their votes. The crucial vote may be delayed by the requirement to have a quorum of at least 216 representatives present. And that's not all. In a regulatory filing, Cheesecake Factory announced that it has furloughed 41,000 hourly staff members and reduced pay for its remaining employees by up to 20%. The salary reductions also apply to Cheesecake Factory's executive officers and board members. The company is not planning to pay rent on its restaurant properties in April. If a solid performer like Cheesecake Factory is forced to make these radical moves now, others may have to follow suit as the virus crisis rolls on. Now what The COVID-19 outbreak is changing the restaurant industry in many subtle ways. Consumers are getting used to the idea of take-out and delivery options, arguably reducing the value of physical restaurant locations in the long run. A multiweek run of weak sales may force some of the weaker competitors in this space to close their doors forever, or sell their brands and operations to private equity firms and more well-heeled restaurant rivals. It's no surprise to see restaurant stocks suffering under these conditions. Don't forget that the huge relief-bill gains this week didn't amount to much in the light of even steeper drops in the coronavirus era: DRI data by YCharts Fearless investors might be able to find fantastic values in this depressed market, but they will also run into a few landmines along the way. Pick your restaurant tickers with care, dear investor. I recently said that Darden looks like a probable survivor, but even that well-run company could fall if the coronavirus lockdowns stay around deep into the summer. 10 stocks we like better than Bloomin' Brands When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Bloomin' Brands wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's (NASDAQ: DENN) fell 15.4% and Chili's parent company Brinker International (NYSE: EAT) took a 17% haircut. So what All of these stocks enjoyed fantastic gains earlier this week, driven by the seemingly inexorable progress of a massive bill to manage the economic impact of the coronavirus crisis. The $2.2 billion relief bill, unanimously approved by the Senate, includes loan forgiveness and payroll assistance measures for restaurants as well as a few thousand dollars in cash for each American family.	Denny's (NASDAQ: DENN) fell 15.4% and Chili's parent company Brinker International (NYSE: EAT) took a 17% haircut. A few minutes past noon, EDT, shares of Cheesecake Factory (NASDAQ: CAKE) and Outback Steakhouse parent Bloomin' Brands (NASDAQ: BLMN) both traded 14.6% lower. Olive Garden operator Darden Restaurants (NYSE: DRI) followed the pack with a milder 9.1% drop, having recovered somewhat from an earlier 12.3% plunge.	Denny's (NASDAQ: DENN) fell 15.4% and Chili's parent company Brinker International (NYSE: EAT) took a 17% haircut. A few minutes past noon, EDT, shares of Cheesecake Factory (NASDAQ: CAKE) and Outback Steakhouse parent Bloomin' Brands (NASDAQ: BLMN) both traded 14.6% lower. 10 stocks we like better than Bloomin' Brands When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	Denny's (NASDAQ: DENN) fell 15.4% and Chili's parent company Brinker International (NYSE: EAT) took a 17% haircut. That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Anders Bylund has no position in any of the stocks mentioned.	8bbc2bd0-3909-4bcb-bc0b-cedf842503b1
727328.0	2020-03-25 00:00:00 UTC	Wednesday Sector Leaders: REITs, Restaurants & Eateries	DENN	https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-reits-restaurants-eateries-2020-03-25	nan	nan	In trading on Wednesday, reits shares were relative leaders, up on the day by about 7.9%. Leading the group were shares of MFA Financial, up about 170.9% and shares of Apollo Commercial Real Estate Finance up about 54.2% on the day. Also showing relative strength are restaurants & eateries shares, up on the day by about 7.9% as a group, led by Dennys, trading higher by about 42.5% and Red Robin Gourmet Burgers, trading higher by about 24.8% on Wednesday. VIDEO: Wednesday Sector Leaders: REITs, Restaurants & Eateries The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Also showing relative strength are restaurants & eateries shares, up on the day by about 7.9% as a group, led by Dennys, trading higher by about 42.5% and Red Robin Gourmet Burgers, trading higher by about 24.8% on Wednesday. In trading on Wednesday, reits shares were relative leaders, up on the day by about 7.9%. VIDEO: Wednesday Sector Leaders: REITs, Restaurants & Eateries The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Also showing relative strength are restaurants & eateries shares, up on the day by about 7.9% as a group, led by Dennys, trading higher by about 42.5% and Red Robin Gourmet Burgers, trading higher by about 24.8% on Wednesday. In trading on Wednesday, reits shares were relative leaders, up on the day by about 7.9%. VIDEO: Wednesday Sector Leaders: REITs, Restaurants & Eateries The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Also showing relative strength are restaurants & eateries shares, up on the day by about 7.9% as a group, led by Dennys, trading higher by about 42.5% and Red Robin Gourmet Burgers, trading higher by about 24.8% on Wednesday. In trading on Wednesday, reits shares were relative leaders, up on the day by about 7.9%. VIDEO: Wednesday Sector Leaders: REITs, Restaurants & Eateries The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Also showing relative strength are restaurants & eateries shares, up on the day by about 7.9% as a group, led by Dennys, trading higher by about 42.5% and Red Robin Gourmet Burgers, trading higher by about 24.8% on Wednesday. In trading on Wednesday, reits shares were relative leaders, up on the day by about 7.9%. Leading the group were shares of MFA Financial, up about 170.9% and shares of Apollo Commercial Real Estate Finance up about 54.2% on the day.	334de35e-ffce-40e2-b890-c9ab66a0d3c9
727329.0	2020-03-16 00:00:00 UTC	Consumer Sector Update for 03/16/2020: HOG,TRUE,CCL,CUK,DENN	DENN	https://www.nasdaq.com/articles/consumer-sector-update-for-03-16-2020%3A-hogtruecclcukdenn-2020-03-16	nan	nan	Top Consumer Stocks WMT -6.21% MCD -16.07% DIS -7.53% CVS -11.07% KO -5.84% Consumer stocks tumbled Monday, with the shares of casino, airline and leisure companies particularly hard hit in the market rout. Retailers also were ending broadly lower after announcing reduced store hours and selected closures in response to the COVID-19 outbreak. At last look, the SPDR Consumer Staples Select Sector ETF was falling just under 6% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was sinking nearly 12%. Among consumer stocks moving on news: (-) Harley Davison (HOG) dropped 13% after the motorcycle company late Friday said Impala Asset Management was launching a proxy contest to elect two new directors to its nine-member board. In response, the company said in preliminary proxy documents that the two candidates supported by Impala were unlikely to provide additional expertise or more diversity to the nine-member panel, explaining their respective skills "already were well represented" by the company's board slate. In other sector news: (-) TrueCar (TRUE) was 2% lower late Monday after the auto-sales website lowered the FY20 outlook for its ALG subsidiary to reflect economic conditions amid the COVID-19 pandemic. The unit is now expecting to sell around 16.4 million new vehicles this year, 2.9% down from its original forecast, provided conditions begin to improve by the end of April. But if the COVID-19 crisis is longer-lasting, sales could drop by as much as 14.2% below its initial outlook, it said. (-) Carnival (CCL,CUK) fell more than 17% after the cruise-ship company said it has borrowed the final $3 billion available under its revolving credit facility to boost its cash position and preserve financial flexibility during the ongoing COVID-19 crisis that has idled its global fleet. Proceeds from the six-month loan will be used for working capital and other general corporate purposes, according to a regulatory filing. (-) Denny's (DENN) was down over 23% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. The company also said it has secured additional funding through its revolving credit facility to bolster its financial flexibility. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(-) Denny's (DENN) was down over 23% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. Among consumer stocks moving on news: (-) Harley Davison (HOG) dropped 13% after the motorcycle company late Friday said Impala Asset Management was launching a proxy contest to elect two new directors to its nine-member board. (-) Carnival (CCL,CUK) fell more than 17% after the cruise-ship company said it has borrowed the final $3 billion available under its revolving credit facility to boost its cash position and preserve financial flexibility during the ongoing COVID-19 crisis that has idled its global fleet.	(-) Denny's (DENN) was down over 23% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. At last look, the SPDR Consumer Staples Select Sector ETF was falling just under 6% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was sinking nearly 12%. In other sector news: (-) TrueCar (TRUE) was 2% lower late Monday after the auto-sales website lowered the FY20 outlook for its ALG subsidiary to reflect economic conditions amid the COVID-19 pandemic.	(-) Denny's (DENN) was down over 23% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. At last look, the SPDR Consumer Staples Select Sector ETF was falling just under 6% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was sinking nearly 12%. Among consumer stocks moving on news: (-) Harley Davison (HOG) dropped 13% after the motorcycle company late Friday said Impala Asset Management was launching a proxy contest to elect two new directors to its nine-member board.	(-) Denny's (DENN) was down over 23% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. Top Consumer Stocks Retailers also were ending broadly lower after announcing reduced store hours and selected closures in response to the COVID-19 outbreak.	403c290b-d382-4e0f-aca0-baf853b9245e
727330.0	2020-03-16 00:00:00 UTC	Consumer Sector Update for 03/16/2020: TRUE,CCL,CUK,DENN	DENN	https://www.nasdaq.com/articles/consumer-sector-update-for-03-16-2020%3A-truecclcukdenn-2020-03-16	nan	nan	Top Consumer Stocks WMT -4.6% MCD -12% DIS -7.9% CVS -8.3% KO -3.3% Consumer stocks tumbled Monday, with the shares of casino, airline and leisure companies particularly hard hit in the market rout. Retailers also were broadly lower after announcing reduced store hours and selected closures in response to the COVID-19 outbreak. At last look, the SPDR Consumer Staples Select Sector ETF was falling 3.3% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was sinking 9.7%. Among consumer stocks moving on news: (+) TrueCar (TRUE) rose 4.7% on Monday after the auto-sales website lowered the FY20 outlook for its ALG subsidiary to reflect economic conditions amid the COVID-19 pandemic. The unit is now expecting to sell around 16.4 million new vehicles this year, 2.9% down from its original forecast, provided conditions begin to improve by the end of April. But if the COVID-19 crisis is longer-lasting, sales could drop by as much as 14.2% below its initial outlook, it said. In other sector news: (-) Carnival (CCL,CUK) fell more than 12% after the cruise-ship company said it has borrowed the final $3 billion available under its revolving credit facility to boost its cash position and preserve financial flexibility during the ongoing COVID-19 crisis that has idled its global fleet. Proceeds from the six-month loan will be used for working capital and other general corporate purposes, according to a regulatory filing. (-) Denny's (DENN) was down 15% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. The company also said it has secured additional funding through its revolving credit facility to bolster its financial flexibility. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(-) Denny's (DENN) was down 15% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. Among consumer stocks moving on news: (+) TrueCar (TRUE) rose 4.7% on Monday after the auto-sales website lowered the FY20 outlook for its ALG subsidiary to reflect economic conditions amid the COVID-19 pandemic. In other sector news: (-) Carnival (CCL,CUK) fell more than 12% after the cruise-ship company said it has borrowed the final $3 billion available under its revolving credit facility to boost its cash position and preserve financial flexibility during the ongoing COVID-19 crisis that has idled its global fleet.	(-) Denny's (DENN) was down 15% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. At last look, the SPDR Consumer Staples Select Sector ETF was falling 3.3% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was sinking 9.7%. In other sector news: (-) Carnival (CCL,CUK) fell more than 12% after the cruise-ship company said it has borrowed the final $3 billion available under its revolving credit facility to boost its cash position and preserve financial flexibility during the ongoing COVID-19 crisis that has idled its global fleet.	(-) Denny's (DENN) was down 15% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. At last look, the SPDR Consumer Staples Select Sector ETF was falling 3.3% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was sinking 9.7%. Among consumer stocks moving on news: (+) TrueCar (TRUE) rose 4.7% on Monday after the auto-sales website lowered the FY20 outlook for its ALG subsidiary to reflect economic conditions amid the COVID-19 pandemic.	(-) Denny's (DENN) was down 15% after the restaurant chain said it was terminating its stock buyback program and warned the COVID-19 pandemic likely will negatively impact its fiscal Q2 and FY20 financial results. Top Consumer Stocks Retailers also were broadly lower after announcing reduced store hours and selected closures in response to the COVID-19 outbreak.	3e834fb5-296e-4dd5-9537-51e741e857f9
727331.0	2020-02-20 00:00:00 UTC	Validea Peter Lynch Strategy Daily Upgrade Report - 2/20/2020	DENN	https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-2-20-2020-2020-02-20	nan	nan	The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. SOUTHWEST AIRLINES CO (LUV) is a large-cap value stock in the Airline industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Southwest Airlines Co. (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest's EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest's respective policies. Southwest's Rapid Rewards frequent flyer program enables program members (Members) to earn points for every dollar spent on Southwest fares. Its Internet Website, Southwest.com, is an avenue for Southwest customers to purchase and manage travel online. As of December 31, 2016, Southwest operated a total of 723 Boeing 737 aircraft and served 101 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and eight near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, and Cuba. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. INVENTORY TO SALES: PASS YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here THERMO FISHER SCIENTIFIC INC. (TMO) is a large-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Thermo Fisher Scientific Inc. develops, manufactures and sells a range of products. The Company operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services. It offers its products and services through various brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific and Unity Lab Services. Life Sciences Solutions segment provides a portfolio of reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines. Analytical Instruments segment provides a broad offering of instruments, consumables, software and services that are used for a range of applications in the laboratory. Specialty Diagnostics segment offers a wide range of diagnostic test kits, reagents, culture media, instruments and associated products. Its Laboratory Products and Services segment offers products and solutions needed for the laboratory. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: FAIL SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here BANCO BILBAO VIZCAYA ARGENTARIA SA (ADR) (BBVA) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia. Its Banking Activity in Spain segment includes Retail Network in Spain, Corporate and Business Banking (CBB), and BBVA Seguros and Asset Management units in Spain. Its Real Estate Activity in Spain segment covers specialist management of real-estate assets in the country. In the United States it offers services through, BBVA Compass Bancshares Inc. and the BBVA New York branch. The Turkey segment represents its stake in the Turkish bank, Turkiye Garanti Bankasi A.S. It offers banking and insurance businesses in Mexico. In South America, it provides banking and insurance businesses. The Rest of Eurasia segment includes business activity in the rest of Europe and Asia. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SALES: PASS YIELD COMPARED TO THE S&P 500: PASS YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: FAIL FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here CISCO SYSTEMS, INC. (CSCO) is a large-cap growth stock in the Communications Equipment industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Cisco Systems, Inc., is engaged in designing and selling a range of technologies across networking, security, collaboration, applications and the cloud. It operates through three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. Its product and technologies includes infrastructure platforms; applications; security and other products. It also offers technical support services and advanced services. Infrastructure Platforms consists of its core networking technologies of switching, routing, data center products and wireless that are designed to work together to deliver networking capabilities and transport and store data. Application product category consists primarily of software-related offerings that utilize the core networking and data center platforms to provide their functions. Security product category primarily includes Company's unified threat management products, advanced threat security products, and web security products. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. INVENTORY TO SALES: PASS YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here BANK OF MONTREAL (USA) (BMO) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets. The P&C business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking (Canadian P&C), and the United States Personal and Commercial Banking (U.S. P&C). The Bank's Wealth Management business serves a range of client segments, from mainstream to ultra-high net worth and institutional, with an offering of wealth management products and services, including insurance. BMO Capital Markets is a North American-based financial services provider offering a range of products and services to corporate, institutional and government clients. The Bank has over 900 bank branches in Canada and the United States. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: FAIL FREE CASH FLOW: BONUS PASS NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here HERMAN MILLER, INC. (MLHR) is a mid-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Herman Miller, Inc. is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The Company's segments include North American Furniture Solutions, which includes the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, across the United States and Canada; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America and Asia-Pacific geographic regions, among others; Specialty segment, which includes the design, manufacture and sale of furniture products and textiles, and Consumer segment, which includes the sale of modern design furnishings and accessories to third-party retail distributors. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. INVENTORY TO SALES: PASS YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ENBRIDGE INC (USA) (ENB) is a large-cap growth stock in the Natural Gas Utilities industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Enbridge Inc. is an energy infrastructure company with business platforms that include a network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. It operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of pipelines and related terminals that transport various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities, including US Gas Transmission, and Canadian Gas Transmission and Midstream. Gas Distribution consists of its natural gas utility operations. Green Power and Transmission consists of investments in renewable energy assets and transmission facilities. The Energy Services businesses undertake physical commodity marketing activity and logistical services. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. INVENTORY TO SALES: PASS YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here MCGRATH RENTCORP (MGRC) is a small-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division. As of December 31, 2016, the Company's TRS-RenTelco rented and sold electronic test equipment nationally and internationally from three facilities located in Grapevine, Texas (the Dallas facility), Dollard-des-Ormeaux, Canada (the Montreal facility) and Bangalore, Karnataka, India (the Bangalore facility). Adler Tanks purchases tanks and boxes from various manufacturers located throughout the country. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here NAPCO SECURITY TECHNOLOGIES INC (NSSC) is a small-cap growth stock in the Security Systems & Services industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: NAPCO Security Technologies, Inc. is a manufacturer of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold across the world principally to independent distributors, dealers and installers of security equipment. The Company manufactures and markets various products for alarm systems, which include automatic communicators, control panels, combination control panels/digital communicators and digital keypad systems, fire alarm control panel and area detectors. It manufactures a range of door locking devices, including microprocessor-based electronic door locks with push button, card reader and bio-metric operation, door alarms, mechanical door locks and simple dead bolt locks. It also markets peripheral and related equipment manufactured by other companies. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ROGERS CORPORATION (ROG) is a mid-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company's segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense. The EMS segment manufactures and sells elastomeric material solutions for critical cushioning, sealing, impact protection and vibration management applications, including general industrial, portable electronics, consumer goods, automotive, construction and printing applications. The PES segment manufactures and sells ceramic substrate materials for power module applications, laminated bus bars for power inverter and interconnect applications, and micro-channel coolers. Its other business consists of elastomeric components. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here CALLAWAY GOLF CO (ELY) is a small-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. It sells its products to retailers, directly and through its subsidiaries, and to third-party distributors. It sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, it sells Callaway Golf and Odyssey products, including Toulon Design by Odyssey, directly to consumers through its Websites, www.callawaygolf.com and www.odysseygolf.com. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here CNA FINANCIAL CORP (CNA) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: CNA Financial Corporation is an insurance holding company. The Company's segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services. The Commercial segment includes property and casualty insurance products and services to small, middle-market and large businesses. Its International segment provides management and professional liability coverages, as well as a range of other property and casualty insurance products and services. The Life & Group Non-Core segment primarily includes the results of its individual and group long term care businesses that are in run-off. Its Corporate & Other Non-Core segment primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business in run-off. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here COOPER COMPANIES INC (COO) is a large-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: The Cooper Companies, Inc. is a global medical device company. The Company operates through two business units: CooperVision, Inc. and CooperSurgical, Inc. CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses. CooperVision services three primary regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific. CooperVision offers spherical, aspherical, toric, multifocal and toric multifocal lens products in various modalities. CooperVision's products are primarily manufactured at its facilities located in the United Kingdom, Puerto Rico, Hungary, Costa Rica and New York. CooperSurgical offers an array of products and services focused on advancing the health of families through a portfolio of products and services focusing on women's health, fertility and diagnostics. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: FAIL SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here GLAXOSMITHKLINE PLC (ADR) (GSK) is a large-cap growth stock in the Major Drugs industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: GlaxoSmithKline PLC is a global healthcare company. The Company operates through two segments: Pharmaceuticals and Vaccines. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases. The Company makes a range of prescription medicines and vaccines products. The Pharmaceuticals business discovers, develops and commercializes medicines to treat a range of acute and chronic diseases. The Vaccines business provides vaccines for people of all ages from babies and adolescents to adults and older people. It has a portfolio of medicines in respiratory and HIV. Its Pharmaceuticals business includes Respiratory, HIV, Specialty products, and Classic and Established products. Its Vaccines business has a portfolio of over 40 pediatric, adolescent, adult, older people and travel vaccines. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: FAIL FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here HELEN OF TROY LIMITED (HELE) is a mid-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has three segments. The Housewares segment provides a range of consumer products for the home. The Health & Home segment focuses on healthcare devices, such as thermometers, humidifiers, blood pressure monitors and heating pads; water filtration systems, and small home appliances, such as portable heaters, fans, air purifiers, and insect control devices. The Beauty segment's products include electric hair care, beauty care and wellness appliances; grooming tools and accessories, and liquid-, solid- and powder-based personal care and grooming products. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here FUNKO INC (FNKO) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Funko, Inc. is a pop culture consumer products company. The Company is engaged in selling a broad range of pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products combine its proprietary brands and designs into properties it licenses from content providers. Its product categories include figures, plush, accessories and other. It also offers different types of bags and wallets. It offers its products under various brands, including Pop!, Mystery Minis, Dorbz, Pint Size Heroes, Rock Candy, Galactic or Hero Plushies, SuperCute, MyMoji and Loungefly. The Company has licensed properties into four categories: classic evergreen, movie release, current TV and current video game. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: FAIL FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 74% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Magnolia Oil & Gas Corp, formerly TPG Pace Energy Holdings Corp, is an oil and gas exploration and production company. The Company owns assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The Company operates in Karnes County and Giddings Field. It operates 14, 070 net acres in Karnes County and approximately 3,60,000 net acres in Giddings Field. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here WILLIS TOWERS WATSON PLC (WLTW) is a large-cap growth stock in the Insurance (Miscellaneous) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards. The Willis GB segment comprises four business units: Property and Casualty, Transport, Financial Lines and Retail Networks. The Willis Capital Wholesale and Reinsurance segment includes Willis Re; Willis Capital Markets & Advisory; Willis' wholesale business, and Willis Portfolio Underwriting Services. The Willis North America segment provides risk management, insurance brokerage and related risk services. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here FS KKR CAPITAL CORP (FSK) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: FS KKR Capital Corp, formerly FS Investment Corporation is an externally managed, non-diversified, closed-end management investment company. The Company's investment objectives are to generate current income and long-term capital appreciation. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies and subordinated loans of the private United States companies. It may purchase interests in loans or make other debt investments, including investments in senior secured bonds, through secondary market transactions in the over-the-counter market or directly from target companies as primary market or directly originated investments. It invests in a range of industries, including capital goods; consumer services; consumer durables and apparel; materials; commercial and professional services, and diversified financials. Its investment advisor is FB Income Advisor, LLC. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here AARON'S, INC. (AAN) is a mid-cap growth stock in the Rental & Leasing industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Aaron's, Inc. (Aaron's) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com. Its segments include Sales and Lease Ownership, Progressive Finance Holdings, LLC (Progressive), Dent-A-Med, Inc., doing business as the HELPcard (DAMI), Franchise and Manufacturing. Its stores carry brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Whirlpool, Simmons, Philips, Ashley and Magnavox. As of December 31, 2016, it had 1,864 Aaron's stores, consisted of 1,165 Company-operated stores in 28 states, the District of Columbia and Canada, and 699 independently-owned franchised stores in 46 states and Canada. It owns trademarks and trade names used in business, including Progressive, Dent-A-Med, the HELPcard and Woodhaven Furniture Industries. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here SARATOGA INVESTMENT CORP (SAR) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments. It purchases mezzanine debt and makes equity investments in middle market companies. It may invest in other investments, such as investments in distressed debt, including securities of companies in bankruptcy, foreign debt, private equity, securities of public companies that are not thinly traded and structured finance vehicles, such as collateralized loan obligation funds. Its leveraged loan portfolio consists primarily of first lien and second lien term loans. The Company's investment activities are externally managed and advised by Saratoga Investment Advisors, LLC. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here KNOWLES CORP (KN) is a small-cap growth stock in the Audio & Video Equipment industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC). MCE designs and manufactures acoustic products, including microphones and audio processing technologies used in mobile handsets, wearables and other consumer electronic devices. SC specializes in the design and manufacture of specialized electronic components used in medical and life science applications, as well as solutions and components used in communications infrastructure and a range of other markets. It has sales, support and engineering facilities in North America, Europe and Asia, and manufacturing facilities in Asia. It also offers acoustics components used in hearing aids, as well as high-end oscillators (timing devices) and capacitors. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here MICHAELS COMPANIES INC (MIK) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch changed from 59% to 78% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: The Michaels Companies, Inc. (Michaels) is an arts and crafts specialty retailer in North America. The Company's segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan's and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store. It operated 109 Aaron Brothers stores in nine states, with approximately 5,500 average square feet of selling space and 35 Pat Catan's stores in five states, with approximately 32,000 average square feet of selling space, as of January 28, 2017. The Company also operates an international wholesale business under the Darice brand name. The Company's stores purchase custom frames, framing supplies and mats from its framing operation and subsidiary, Artistree, Inc. (Artistree), which consists of a manufacturing facility and four regional processing centers. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: FAIL FREE CASH FLOW: BONUS PASS NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here VERITEX HOLDINGS INC (VBTX) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Veritex Holdings, Inc. is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. It operates through community banking segment. The Bank provides a range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines, and banking by telephone, mail and personal appointment. It also offers debit cards, direct deposit, cashier's checks and letters of credit, as well as treasury management services, including wire transfer services and automated clearinghouse services. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS For a full detailed analysis using NASDAQ's Guru Analysis tool, click here STORE CAPITAL CORP (STOR) is a mid-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states. Its customers operate across a range of industries within the service, retail and manufacturing sectors of the United States economy, with restaurants, early childhood education centers, movie theaters, health clubs and furniture stores. The Company's portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states. The Company provides real estate financing solutions principally to businesses that own STORE properties and operate within the broad-based service, retail and industrial sectors of the United States economy. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here NEWTEK BUSINESS SERVICES CORP (NEWT) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Newtek Business Services Corp. is an internally managed non-diversified closed-end management investment company. The Company's investment objective is to generate both current income and capital appreciation primarily through loans originated by its small business finance platform and its equity investments in certain portfolio companies that it controls. The Company is a national non-bank lender that provides, together with its controlled portfolio companies, a range of business services and financial products under the Newtek brand to the small and medium-sized business (SMB) market. The Company issues debt and makes equity investments in portfolio companies in various industries. Its products and services include Business Lending including the United States Small Business Administration (SBA) 7(a) and 504 lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), Data Backup, and Payroll and Benefits Solutions to SMB accounts across all industries. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here WALGREENS BOOTS ALLIANCE INC (WBA) is a large-cap value stock in the Retail (Drugs) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Walgreens Boots Alliance, Inc., is a holding company. The Company is a pharmacy-led health and wellbeing company. The Company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreen Co. (Walgreens) business, which includes the operation of retail drugstores, care clinics and providing specialty pharmacy services. The Retail Pharmacy International segment consists primarily of the Alliance Boots pharmacy-led health and beauty stores, optical practices and related contract manufacturing operations. The Pharmaceutical Wholesale segment consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. The Company's portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as global health and beauty product brands, including No7, Botanics, Liz Earle and Soap & Glory. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here GREAT AJAX CORP (AJX) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages. It also invests in loans secured by multi-family residential and commercial mixed use retail/residential properties, as well as in the properties directly. It also holds real estate-owned properties (REO) acquired upon the foreclosure or other settlement of its owned non-performing loans, as well as through outright purchases. It is managed by Thetis Asset Management LLC, an affiliated entity. Its mortgage loans and other real estate assets are serviced by Gregory Funding LLC, an affiliated entity. The Company conducts its business through its operating partnership, Great Ajax Operating Partnership L.P. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here NEXTGEN HEALTHCARE INC (NXGN) is a small-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: NextGen Healthcare, Inc., formerly Quality Systems, Inc., provides technology-based solutions and services to the ambulatory care market in the United States. The Company is engaged in developing and marketing software and services that automate certain aspects of practice management (PM) and electronic health records (EHR) for medical and dental practices. The Company operates through three segments: the NextGen Division, the RCM Services Division and the QSI Dental Division. It also provides implementation, training, support and maintenance for software and complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI). The Company's clients include single and small practice physicians, networks of practices, such as physician hospital organizations (PHOs), management service organizations (MSOs), accountable care organizations (ACOs), ambulatory care centers, community health centers, and medical and dental schools. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: FAIL SALES AND P/E RATIO: NEUTRAL INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ARCOSA INC (ACA) is a mid-cap growth stock in the Construction Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Arcosa, Inc. is focused on manufacturing and producing infrastructure-related products and services. The Company provides its products to a spectrum of markets throughout construction, energy, and transportation. The Company operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment produces and sells construction aggregates and manufactures and sells trench shields and shoring products and services for infrastructure-related projects. The Energy Equipment Group segment manufactures and sells products for energy-related businesses, including structural wind towers, steel utility structures for electricity transmission and distribution, and storage and distribution containers. The Transportation Products Group segment manufactures and sells products for the inland waterway and rail transportation industries including barges, barge-related products, axles, and couplers. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here CIGNA CORP (CI) is a large-cap growth stock in the Insurance (Accident & Health) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Cigna Corporation is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company's segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate. Its Global Health Care segment aggregates the commercial and Government operating segments. Its commercial operating segment encompasses the United States commercial and certain international healthcare businesses serving employers and their employees, other groups, and individuals. Its Global Supplemental Benefits segment offers supplemental health, life and accident insurance products in selected international markets and in the United States. Its Group Disability and Life segment provides group long-term and short-term disability insurance, group life insurance, accident and specialty insurance and related services. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here WATFORD HOLDINGS LTD (WTRE) is a small-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Peter Lynch changed from 72% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Watford Holdings Ltd is a holding company. The Company, through its subsidiaries, is a global property and casualty (P&C), insurance and reinsurance company. Its four lines of business includes casualty reinsurance, other specialty reinsurance, property catastrophe reinsurance and insurance programs and coinsurance. It has operations across Bermuda, the United States and Europe. Its main operating subsidiary is Watford Re Ltd. (Watford Re), which is focused on writing business. Watford Re also writes mortgage insurance and reinsurance. In the United States, the Company is authorized to write commercial P&C lines of business through its Watford Insurance Company (WIC) and Watford Specialty Insurance Company (WSIC) subsidiaries. In Europe, it writes direct insurance and coinsurance business, primarily in personal P&C lines, through insurers and program managers that develop and distribute specialized insurance products for its WICE subsidiary. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS For a full detailed analysis using NASDAQ's Guru Analysis tool, click here LEVI STRAUSS & CO. (LEVI) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Levi Strauss & Co. is an apparel company. The Company designs, markets and sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co. and Denizen brands directly or through third parties and licensees. Its products include jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women and children across the world. The Company's trademarks include Arcuate Stitching Design, the Tab Device, 501, the Two Horse Design, the Housemark and the Wings and Anchor Design. The Company operates in three geographic segments: the Americas, Europe and Asia. The Company's products are sold in more than 110 countries. The Company licenses its Levi's and Dockers trademarks for a range of product categories in markets in each of its regions, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kidswear, sleepwear and hosiery. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here STERIS PLC (STE) is a large-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Steris plc, formerly Steris Ltd, is a provider of infection prevention and other procedural products and services. The Company offers a mix of capital equipment products, such as sterilizers and washers, surgical tables, lights and equipment management systems and connectivity solutions, such as operating room integration; consumable products, such as detergents and gastrointestinal endoscopy accessories and other products; services, including equipment installation and maintenance, microbial reduction of medical devices, instrument and scope repair solutions, laboratory services and outsourced reprocessing. The Company operates through four reportable business segments: Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies. It's Corporate and other segment includes the Defense and Industrial business unit. The Company serves the customers in the United Kingdom, the United States and many other countries throughout the world. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here GREIF, INC. (GEF) is a mid-cap value stock in the Containers & Packaging industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Greif, Inc. is a producer of industrial packaging products and services. The Company's segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services. The Paper Packaging & Services segment is engaged in the production and sale of containerboard, corrugated sheets, corrugated containers and other corrugated products. The Flexible Products & Services segment is engaged in the production and sale of flexible intermediate bulk containers and related services on a global basis. The Land Management segment is involved in the management and sale of timber. As of October 31, 2016, the Company had operations in over 45 countries. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: FAIL FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS For a full detailed analysis using NASDAQ's Guru Analysis tool, click here WNS (HOLDINGS) LIMITED (ADR) (WNS) is a mid-cap growth stock in the Computer Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company's segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others. The WNS Global BPM includes the Company's business activities with the exception of WNS Auto Claims BPM. WNS Auto Claims BPM is the Company's automobile claims management business. The Company focuses on various industry verticals, such as insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods (CPG), media and entertainment, and telecommunication (telecom); utilities; consulting and professional services; banking and financial services; healthcare, and shipping and logistics. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here HAYNES INTERNATIONAL, INC. (HAYN) is a small-cap growth stock in the Iron & Steel industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Haynes International, Inc. (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries. Its products consist of high-temperature resistant alloys (HTA) products and corrosion-resistant alloys (CRA) products. Its HTA products are used in manufacturing components for the hot sections of gas turbine engines. Its CRA products are used in a range of applications, such as chemical processing, power plant emissions control, hazardous waste treatment, sour gas production and pharmaceutical vessels. The Company has a four-high Steckel rolling mill used in hot rolling high-performance alloys. The Company has operations in the United States, Europe and China. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here AVIS BUDGET GROUP INC. (CAR) is a mid-cap value stock in the Rental & Leasing industry. The rating according to our strategy based on Peter Lynch changed from 72% to 78% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are rental car suppliers. It also owns Payless, which is a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France. The Company operates in two segments: Americas and International. The Americas segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets. The International segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: FAIL FREE CASH FLOW: BONUS PASS NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here FUJIFILM HOLDINGS CORP. (ADR) (FUJIY) is a large-cap value stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: FUJIFILM Holdings Corporation is a Japan-based holding company engaged in the business related to photography, medical care & printing & liquid crystal display materials and copying machines. The Company operates in three business segments. Imaging Solutions segment develops, manufactures and sells color films, digital cameras, color paper services for photographic prints, instant printing equipment and optical devices mainly for general consumers. Healthcare & Materials Solutions segment provides medical system equipment, cosmetics and supplements, pharmaceutical products, biopharmaceutical manufacturing development contract, regenerative medicine products, chemical products, graphic system equipment, inkjet equipment, display materials, recording media and electronic materials for commercial use. Document Solutions segment provides digital multi-functional peripherals, publishing systems, document management software and related solution services mainly for commercial use. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. INVENTORY TO SALES: PASS YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here LOGITECH INTERNATIONAL SA (USA) (LOGI) is a mid-cap growth stock in the Computer Peripherals industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Logitech International S.A. is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors. The Company's retail network across the world includes consumer electronics distributors, retailers, mass merchandisers, specialty electronics stores, computer and telecommunications stores, value-added resellers and online merchants. Its music solutions are focused primarily on mobile speakers, including its UE BOOM family of mobile wireless speakers, its Jaybird wireless audio wearables for sports and active lifestyles, and its custom in-ear headphones. It offers a range of gaming gear for gamers, including mice, keyboards, headsets, gamepads and steering wheels. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here MELLANOX TECHNOLOGIES, LTD. (MLNX) is a mid-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. It operates its business globally and offers products to customers at various levels of integration. The products it offers include integrated circuits (ICs), adapter cards, switch systems, multi-core and network processors, cables, modules, software, services and accessories. Together these products form a networking solution, focused on computing, storage and communication applications used in multiple markets, including high-performance computing (HPC), cloud, Web 2.0, storage, financial services, and enterprise data center (EDC). The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: FAIL TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here RADIANT LOGISTICS INC (RLGT) is a small-cap growth stock in the Misc. Transportation industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Radiant Logistics, Inc. operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services. The Company services an account base consisting of consumer goods, food and beverage, manufacturing and retail customers, which the Company supports from a network of operating locations, as well as an integrated international service partner network. As of June 30, 2016, it provided these services through a multi-brand network, including 18 Company-owned offices. As of June 30, 2016, it had approximately 10,000 asset-based transportation companies, including motor carriers, railroads, airlines and ocean lines in its carrier network. Its brands include Radiant, Wheels, Airgroup, Adcom, DBA and Service By Air. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL INVENTORY TO SALES: FAIL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here PACWEST BANCORP (PACW) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: PacWest Bancorp is a bank holding company for Pacific Western Bank (the Bank). The Company is focused on relationship-based business banking to small, middle-market and venture-backed businesses. As of October 23, 2017, the Bank offered a range of loan and deposit products and services through 83 branches located throughout the state of California, one branch located in Durham, North Carolina, and several loan production offices located in cities across the country. The Company provides commercial banking services, and deposit and treasury management services to small and middle-market businesses. It offers products and services through its CapitalSource and Square 1 Bank divisions. In addition, the Company provides investment advisory and asset management services to select clients through Square 1 Asset Management, Inc., a subsidiary of the Bank. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SALES: PASS YIELD COMPARED TO THE S&P 500: PASS YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS For a full detailed analysis using NASDAQ's Guru Analysis tool, click here GRAND CANYON EDUCATION INC (LOPE) is a mid-cap growth stock in the Schools industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Grand Canyon Education, Inc. is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees. It also offers certificate programs, which consist of a series of courses focused on a particular area of study for both the post-baccalaureate and post-graduate students. The Company offers its ground-based programs to students through three 15-week semesters in a calendar year and to online students in courses that generally range from 5 to 16 weeks throughout the calendar year. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here VIRTUS INVESTMENT PARTNERS INC (VRTS) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Virtus Investment Partners, Inc. (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts. Its open-end mutual funds are distributed through intermediaries. Its closed-end funds trade on the New York Stock Exchange. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high net-worth clients of its affiliated managers. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS For a full detailed analysis using NASDAQ's Guru Analysis tool, click here MVB FINANCIAL CORP (MVBF) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: MVB Financial Corp. (MVB) is a financial holding company. Through its subsidiaries, MVB Bank, Inc. (the Bank), MVB Mortgage and MVB Insurance, LLC, the Company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region. It operates through four segments: commercial and retail banking, mortgage banking, financial holding company, and insurance services. The Bank offers its customers a range of products, such as checking accounts, negotiable order of withdrawal (NOW) accounts, money market and savings accounts, time certificates of deposit, commercial, installment, commercial real estate and residential real estate mortgage loans, debit cards, and safe deposit rental facilities. The Bank provides services through its walk-in offices, automated teller machines (ATMs), drive-in facilities, and Internet and telephone banking. The Bank also offers non-deposit investment products. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here HYATT HOTELS CORPORATION (H) is a mid-cap growth stock in the Hotels & Motels industry. The rating according to our strategy based on Peter Lynch changed from 74% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia). The owned and leased hotels segment consists of its owned and leased full service and select service hotels. The Americas segment consists of its management and franchising of properties located in the United States, Latin America, Canada and the Caribbean. The ASPAC segment consists of its management and franchising of properties located in Southeast Asia, as well as China, Australia, South Korea, Japan and Micronesia. The EAME/SW Asia segment consists of its management and franchising of properties located in Europe, Africa, the Middle East, India, Central Asia and Nepal. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here FABRINET (FN) is a mid-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test. The Company's customer base includes companies in industries that require precision manufacturing capabilities, such as optical communications, industrial lasers, automotive, medical and sensors. Its customers in these industries support end-markets, including automotive, biotechnology, communications, materials processing, medical devices, metrology and semiconductor processing. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here GOLDMAN SACHS GROUP INC (GS) is a large-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 63% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: The Goldman Sachs Group, Inc. is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment consists of financial advisory and underwriting. The Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. The investing and lending activities, which are typically longer-term, include its investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, infrastructure and real estate. The Investment Management segment provides investment and wealth advisory services. As of December 2016, it had offices in over 30 countries. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: FAIL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) is a mid-cap value stock in the Advertising industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: White Mountains Insurance Group, Ltd. is a holding company. The Company's principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM). The Other Operations segment consists of the Company and its intermediate holding companies, its investment management subsidiary, White Mountains Advisors LLC, and certain consolidated and unconsolidated private capital investments. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ROYAL BANK OF CANADA (RY) is a large-cap value stock in the S&Ls/Savings Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Royal Bank of Canada is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 34 other countries. The Company's business segments include Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Company, through its segments, serves various lines of businesses, which include Personal Financial Services, Business Financial Services, Cards and Payment Solutions, Caribbean and United States Banking, Canadian Wealth Management, United States and International Wealth Management, Global Asset Management, Canadian Insurance, International Insurance, Corporate and Investment Banking, Global Markets and Other. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: FAIL FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here FIRSTENERGY CORP. (FE) is a large-cap growth stock in the Electric Utilities industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company's 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by American Transmission Systems, Incorporated (ATSI) and Trans-Allegheny Interstate Line Company (TrAIL). The CES segment primarily supplies electricity to end use customers through retail and wholesale arrangements. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: FAIL SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here OSI SYSTEMS, INC. (OSIS) is a small-cap growth stock in the Scientific & Technical Instr. industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: OSI Systems, Inc., through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace. The Company operates in three segments, which include Security, which provides security and inspection systems, turnkey security screening solutions and related services; Healthcare, which provides patient monitoring, diagnostic cardiology, anesthesia delivery and ventilation systems and defibrillators, and Optoelectronics and Manufacturing, which provides electronic components and electronic manufacturing services for the Security and Healthcare divisions, as well as to external original equipment manufacturer (OEM) customers and end users for applications in the defense, aerospace, medical and industrial markets, among others. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here BANK OF NOVA SCOTIA (BNS) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, which provides a suite of financial advice and banking solutions to retail, small business, commercial and wealth management customers in Canada; International Banking, which provides a range of financial products, solutions and advice to retail and commercial customers in select regions outside of Canada; Global Banking and Markets, which provides corporate banking, investment banking, capital markets and transaction banking solutions, and Other, which represents smaller operating segments, including Group Treasury. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SALES: PASS YIELD COMPARED TO THE S&P 500: PASS YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: FAIL FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here GERDAU SA (ADR) (GGB) is a mid-cap growth stock in the Iron & Steel industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Gerdau S.A. (Gerdau) is a manufacturer of long steel in the North and South America. The Company is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela. Its segments are Brazil Operations, which includes operations of steel and iron ore in Brazil, except Special Steels, and the operation of metallurgical coal and coke in Colombia; North America Operations, which includes all operations in North America, except those of Mexico and Special Steels; South America Operations, which includes operations in South America, except Brazil and the operation of metallurgical coal and coke in Colombia, and Special Steel Operations, including special steel operations in Brazil, Spain, the United States and India. It supplies its customers a range of products, including iron ore semi-finished products. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here SMITH & NEPHEW PLC (ADR) (SNN) is a large-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Smith & Nephew plc is a medical technology company. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. Its products and services include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies (AET), Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices. The Sports Medicine Joint Repair franchise offers surgeons a range of instruments, technologies and implants necessary to perform minimally invasive surgery of the joints, including the repair of soft tissue injuries and degenerative conditions of the knee, hip and shoulder. The AET franchise offers an array of minimally invasive surgery-enabling systems and devices. The Trauma & Extremities franchise supports healthcare professionals with solutions used by surgeons to stabilize severe fractures, correct bone deformities, treat arthritis and heal soft tissue complications. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here SUN LIFE FINANCIAL INC (SLF) is a large-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance andinvestment advice products and services to people across Canada. The SLF U.S. segment has three business units: Group Benefits, International and In-force Management. Its Sun Life Financial Asset Management segment consists of MFS Investment Management and Sun Life Investment Management. The SLF Asia segment operates through subsidiaries in the Philippines, Hong Kong, Indonesia and Vietnam, as well as through joint ventures and associates with local partners in the Philippines, India, China and Malaysia. Its Corporate segment includes SLF U.K. and Corporate Support. Corporate Support operations consist of its Run-off reinsurance business. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS EARNINGS PER SHARE: PASS TOTAL DEBT/EQUITY RATIO: NEUTRAL EQUITY/ASSETS RATIO: PASS RETURN ON ASSETS: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here POSCO (ADR) (PKX) is a large-cap growth stock in the Iron & Steel industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas. The construction segment includes planning, designing and construction of industrial plants, civil engineering projects, and commercial and residential buildings, both in Korea and overseas. The others segment includes power generation, liquefied natural gas (LNG) logistics, and network and system integration. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: PASS INVENTORY TO SALES: PASS EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: PASS FREE CASH FLOW: NEUTRAL NET CASH POSITION: NEUTRAL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DENNY'S CORP (DENN) is a small-cap value stock in the Restaurants industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Denny's Corporation (Denny's), incorporated on September 29, 1988, operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny's, Inc., owns and operates the Denny's brand. Denny's brand consists of approximately 1,706 restaurants, which includes franchised/licensed restaurants and company operated. In addition to its breakfast-all-day items, Denny's offers a selection of lunch and dinner items including burgers, sandwiches, salads and skillet entres. It also offers assortment of beverages, appetizers and desserts. It also offers items for children and seniors. The Company's purchasing department administers programs enables procurement of food and non-food products. Its franchisees also purchase food and non-food products directly from its vendors under these programs. The Company's restaurants are operated in the District of Columbia, United States territories, California, Texas, and Florida. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. P/E/GROWTH RATIO: PASS SALES AND P/E RATIO: NEUTRAL EPS GROWTH RATE: PASS TOTAL DEBT/EQUITY RATIO: FAIL For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Peter Lynch has returned 420.89% vs. 240.63% for the S&P 500. For more details on this strategy, click here About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts. About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DENNY'S CORP (DENN) is a small-cap value stock in the Restaurants industry. Company Description: Denny's Corporation (Denny's), incorporated on September 29, 1988, operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny's, Inc., owns and operates the Denny's brand.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DENNY'S CORP (DENN) is a small-cap value stock in the Restaurants industry. Company Description: Denny's Corporation (Denny's), incorporated on September 29, 1988, operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny's, Inc., owns and operates the Denny's brand.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DENNY'S CORP (DENN) is a small-cap value stock in the Restaurants industry. Company Description: Denny's Corporation (Denny's), incorporated on September 29, 1988, operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny's, Inc., owns and operates the Denny's brand.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DENNY'S CORP (DENN) is a small-cap value stock in the Restaurants industry. Company Description: Denny's Corporation (Denny's), incorporated on September 29, 1988, operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny's, Inc., owns and operates the Denny's brand.	2e38a0fe-5f17-4828-a351-8fdf09a35371
727332.0	2020-02-12 00:00:00 UTC	Notable Wednesday Option Activity: LVS, DENN, EFX	DENN	https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-lvs-denn-efx-2020-02-12	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Las Vegas Sands Corp (Symbol: LVS), where a total of 26,128 contracts have traded so far, representing approximately 2.6 million underlying shares. That amounts to about 45.7% of LVS's average daily trading volume over the past month of 5.7 million shares. Particularly high volume was seen for the $75 strike call option expiring March 20, 2020, with 5,165 contracts trading so far today, representing approximately 516,500 underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $75 strike highlighted in orange: Denny's Corp (Symbol: DENN) saw options trading volume of 1,762 contracts, representing approximately 176,200 underlying shares or approximately 45.6% of DENN's average daily trading volume over the past month, of 386,665 shares. Particularly high volume was seen for the $20 strike put option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DENN. Below is a chart showing DENN's trailing twelve month trading history, with the $20 strike highlighted in orange: And Equifax Inc (Symbol: EFX) options are showing a volume of 2,877 contracts thus far today. That number of contracts represents approximately 287,700 underlying shares, working out to a sizeable 45.5% of EFX's average daily trading volume over the past month, of 631,640 shares. Especially high volume was seen for the $160 strike call option expiring February 14, 2020, with 810 contracts trading so far today, representing approximately 81,000 underlying shares of EFX. Below is a chart showing EFX's trailing twelve month trading history, with the $160 strike highlighted in orange: For the various different available expirations for LVS options, DENN options, or EFX options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $20 strike put option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DENN. Below is a chart showing LVS's trailing twelve month trading history, with the $75 strike highlighted in orange: Denny's Corp (Symbol: DENN) saw options trading volume of 1,762 contracts, representing approximately 176,200 underlying shares or approximately 45.6% of DENN's average daily trading volume over the past month, of 386,665 shares. Below is a chart showing DENN's trailing twelve month trading history, with the $20 strike highlighted in orange: And Equifax Inc (Symbol: EFX) options are showing a volume of 2,877 contracts thus far today.	Below is a chart showing LVS's trailing twelve month trading history, with the $75 strike highlighted in orange: Denny's Corp (Symbol: DENN) saw options trading volume of 1,762 contracts, representing approximately 176,200 underlying shares or approximately 45.6% of DENN's average daily trading volume over the past month, of 386,665 shares. Particularly high volume was seen for the $20 strike put option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DENN. Below is a chart showing DENN's trailing twelve month trading history, with the $20 strike highlighted in orange: And Equifax Inc (Symbol: EFX) options are showing a volume of 2,877 contracts thus far today.	Below is a chart showing LVS's trailing twelve month trading history, with the $75 strike highlighted in orange: Denny's Corp (Symbol: DENN) saw options trading volume of 1,762 contracts, representing approximately 176,200 underlying shares or approximately 45.6% of DENN's average daily trading volume over the past month, of 386,665 shares. Particularly high volume was seen for the $20 strike put option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DENN. Below is a chart showing DENN's trailing twelve month trading history, with the $20 strike highlighted in orange: And Equifax Inc (Symbol: EFX) options are showing a volume of 2,877 contracts thus far today.	Below is a chart showing LVS's trailing twelve month trading history, with the $75 strike highlighted in orange: Denny's Corp (Symbol: DENN) saw options trading volume of 1,762 contracts, representing approximately 176,200 underlying shares or approximately 45.6% of DENN's average daily trading volume over the past month, of 386,665 shares. Particularly high volume was seen for the $20 strike put option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DENN. Below is a chart showing EFX's trailing twelve month trading history, with the $160 strike highlighted in orange: For the various different available expirations for LVS options, DENN options, or EFX options, visit StockOptionsChannel.com.	2f5f512a-975b-4666-aec9-f107f8784084
727333.0	2020-02-12 00:00:00 UTC	Denny's (DENN) Q4 2019 Earnings Call Transcript	DENN	https://www.nasdaq.com/articles/dennys-denn-q4-2019-earnings-call-transcript-2020-02-12	nan	nan	Image source: The Motley Fool. Denny's (NASDAQ: DENN) Q4 2019 Earnings Call Feb 11, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, everyone, and welcome to the Denny's Corporation fourth-quarter and fiscal-year 2019earnings call Today's conference is being recorded. At this time, I'd like to turn the conference over to Curt Nichols, vice president, investor relations, and financial planning and analysis. Please go ahead, sir. Curt Nichols -- Vice President, Investor relations, and Financial Planning and Analysis Thank you, Sarah, and good afternoon, everyone. Thank you for joining us for Denny's fourth-quarter 2019earnings conference call With me today from management are John Miller, Denny's chief executive officer; Mark Wolfinger, Denny's president; and Robert Verostek, Denny's senior vice president and chief financial officer. Please refer to our website at investor.dennys.com to find our fourth-quarter earnings press release, along with any reconciliation of non-GAAP financial measures mentioned on this call. This call is being webcast, and an archive of the webcast will be available on our website later today. John will begin today's call with his introductory comments. Mark will then provide some comments on recently announced leadership changes. Then Robert will provide a recap of our fourth-quarter results, along with brief commentary on our annual guidance for 2020. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 After that, we'll open it up for some questions. Before we begin, let me remind you that in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company knows that certain matters to be discussed by members of management during this call may constitute forward-looking statements. Management urges caution in considering its current trends and any outlook on earnings provided on this call. Such statements are subject to risks, uncertainties and other factors that may cause the actual performance of Denny's to be materially different from the performance indicated or implied by such statements. Such risks and factors are set forth in the company's most recent annual report on Form 10-K for the year ended December 26, 2018, and in any subsequent quarterly reports on Form 10-Q. With that, I will now turn the call over to John Miller, Denny's chief executive officer. John Miller -- Chief Executive Officer Thank you, Curt, and good afternoon, everyone. Denny's achieved positive same-store sales growth for the ninth consecutive year despite a choppy yet dynamic industry environment. As we progressively transition to a more highly franchised brand during 2019, I'm especially proud of our team for balancing our refranchising effort with a steadfast commitment to our vision of becoming the world's largest, most admired and beloved family of local restaurants. This vision is driven by our consistent execution of our four strategic pillars: first, delivering a differentiated and relevant brand around our diner positioning with the goal of perpetuating consistent same-store sales growth; second, operating great restaurants with consistent and reliable service; third, expanding Denny's geographic reach throughout the U.S. and international markets; and fourth, driving profitable growth with a disciplined focus on cost and capital allocation for the benefit of our franchisees, employees and shareholders. And these pillars are supported by our continued investments in technology and training along with close collaboration with our franchisees. We also continue to evolve our menu to meet guest expectations for higher quality and more craveable products. Our newest LTO menu features Sizzlin' Skillet in feel-good flavors including our Hearty 9-Grain Pancake Breakfast and our new Beyond Burger. We also have been featuring the new Super Duper Slam with All-You-Can-Eat Buttermilk Pancakes starting at $6.99 as part of our everyday value offering to drive traffic. While dine-in transactions continue to represent the overwhelming majority of our sales, the steady growth in delivery has contributed to a 67% growth in our off-premise business from nearly 7% of sales prior to the launch of Denny's on Demand to approximately 12% of sales in the fourth quarter. Approximately 89% of our domestic system is now actively engaged with at least one delivery partner. These transactions continue to be highly incremental, skewed toward a younger guest and over indexed to the late-night and dinner dayparts. We anticipate continued long-term growth and off-premise sales from the Denny's on Demand platform as more restaurants expand their delivery channels. Our Heritage remodel program continues to perform well, consistently receiving favorable guest feedback and generating mid-single-digit range sales lift. At the end of 2019, approximately 89% of the system had the Heritage image. After extensive testing with our franchisees, we have started rolling out the next remodel prototype, which we're calling Heritage 2.0. This new prototype was developed based on consumer research and features, more attention-grabbing exterior elements, relaxing neutral colors with vibrant accents, modernized booths and community tables, just to name a few. And the latest image is now in 34 restaurants and similar to the original Heritage remodel program, ranges in costs from approximately $150,000 to $300,000. Also similar to the original Heritage package, the Heritage 2.0 prototype is yielding mid-single-digit sales lifts, driven by guest traffic improvements across all dayparts, while most pronounced at the dinner daypart. Remodels, including the new Heritage 2.0 prototype, will continue to provide a tailwind for our brand revitalization strategy for years to come. Our learning and development team continues to create and deploy progressive curriculum in the Denny's system through our Ignite e-learning platform, which is currently focused on our Delight and Make It Right service initiatives and our franchisees' Pride scores do continue to rise. Moving on to development, our growth initiatives have led to approximately 380 new restaurant openings since the beginning of our revitalization efforts in 2011, representing over 20% of the current system. Franchisees opened nine restaurants in the fourth quarter, including four international openings in Canada, Puerto Rico, and the United Arab Emirates. With 14 international openings, 2019 was equal to our strongest year of international expansion to date. Turning to our refranchising and development strategy, we completed the sale of nine restaurants in the fourth quarter, resulting in a total of 113 restaurants sold since the announcement of our strategy in the fourth quarter of 2018. At year-end, we had four restaurants marked as held for sale, and we have a high degree of confidence the sale of those will occur in the near term, which effectively will conclude the refranchising effort. We have been extremely pleased not only with the franchise community's interest and the pace of transactions, but also with the number of development commitments secured through this effort. The refranchising strategy has yielded commitments to develop 78 new domestic restaurants, successfully achieving one of our primary objectives to stimulate domestic restaurant growth. We anticipate these new development stores will begin opening in 2021. These domestic commitments, along with our recently announced enhanced international development agreements, have expanded our global development pipeline by nearly 130 restaurants. While the refranchising effort is ramping up, we anticipate our strategy to upgrade the quality of our real estate portfolio will be completed by the end of 2020. We continually assess our capital allocation strategy with the goal of balancing shareholder-friendly returns with an optimal leverage profile that supports Denny's broader strategic initiatives. In addition to investing in our brand, our long-standing internal review process continues to actively consider multiple alternative uses of cash. This practice is thorough and comprehensive with a full array of considerations from evaluating the acquisition of another concept to acquisitions for conversion, like our Flying J transaction earlier in the decade, considering a dividend to our ongoing share repurchase program, each with new consideration to accretion and risk. We balance these various considerations with our leverage philosophy and more recently, proceeds from the refranchising transactions. We have remaining capacity in our revolving credit facility and intend to moderately increase leverage beyond the approximately three times EBITDA level from when we began our refranchising effort. Near-term leverage decreased temporarily in 2019 from the notable inflow of refranchising proceeds. We remain steadfast, however, in our commitment to increase our leverage moderately and generate the most accretive risk-adjusted shareholder returns through the timing and prudent assessment of these alternatives. In closing, as we complete our transition to a more asset-light business model, we remain committed to our revitalization initiatives including quality enhancements to our menu and everyday value focus, the convenience of binge on demand, investing in training to elevate the guest experience and our successful remodel program. These initiatives will continue to support our commitment to profitable sales growth, market share gains, the generation of compelling returns on invested capital and highly accretive and shareholder friendly allocations of adjusted free cash flow. To better equip us for continued success, we announced the realignment of some leadership positions last week, including the promotion of Mark Wolfinger to president of Denny's, the promotion of John Dillon to executive vice president and chief brand officer; and the promotion of Robert Verostek to senior vice president and chief financial officer. I'll now turn the call over to Mark to briefly discuss these changes. Mark Wolfinger -- President Thank you, John. The changes announced last week are the culmination of a multiyear planning process led by our board of directors. Leadership roles were deliberately kept intact during the refranchising effort to ensure a successful transition to a more highly franchised business. Now that we are substantially complete with our refranchising strategy, it is the appropriate time to realign responsibilities for the continued long-term success of our business here at Denny's. Going forward, John Miller will continue to serve as CEO and a member of our board of directors. Freeing John from a number of administrative responsibilities will enable him to focus on extending our brand revitalization strategies through his ongoing visionary leadership. As president, I will be more involved in broader aspects of our business, including greater oversight of the day-to-day administration of our evolving support center and greater influence in the function of our leadership committee. I will also continue to serve as a member of our board of directors. John Dillon is promoted to executive vice president, extending his leadership as chief brand officer. With increasing responsibility for franchisee relationships, he will advance the alignment among marketing, operations and development functions as we realize brand synergies. Robert Verostek is being promoted to chief financial officer in recognition of his increasing financial leadership where he will be responsible for our accounting, finance and purchasing functions. Now, before I hand the discussion over to Robert Verostek, Denny's new CFO, I wanted to express my appreciation for the support I received during my nearly 14.5 years as the Denny's CFO. It's been a challenging but extremely rewarding experience to represent this great brand as chief financial officer. I am very confident that the board has chosen an excellent leader in Robert Verostek, who has spent over 20 years with Denny's in a multitude of financial leadership positions. I remain, as always, very excited about the future opportunities for the Denny's brand, and I look forward to contributing to the continued growth of the brand in my new role. And now, it is indeed my pleasure to turn the call over to Robert Verostek, Denny's senior vice president and chief financial officer, to further discuss our 2019 results. Robert? Robert Verostek -- Senior Vice President and Chief Financial Officer Thank you, Mark, and good afternoon, everyone. Our fourth-quarter highlights include growing domestic systemwide same-store sales by 1.7% and generating adjusted EBITDA of $24.9 million. Adjusted free cash flow was $12.1 million and adjusted net income per share increased 27.6% to $0.23, up from $0.18 in the prior-year quarter. We ended the quarter with 1,703 total restaurants as Denny's franchisees opened nine restaurants. These openings were offset by 12 franchised restaurant closings. Franchise and license revenue increased 17.9% to $65 million primarily due to the impact of our refranchising and development strategy and a 1.8% increase in domestic same-store sales. Franchise operating margin was 48.9%, compared to 48.3% in the prior-year quarter. This margin rate expansion was primarily driven by the company's refranchising and development strategy, which yielded an increase in royalty revenue and an improved occupancy margin. Moving to our company restaurants, sales were impacted by our refranchising and development strategy, which resulted in a lower number of equivalent company restaurants. This was partially offset by a 0.5% increase in same-store sales. Accordingly, sales were $48.4 million for the quarter or down approximately 53.2%. Company restaurant operating margin was 17.7%, compared to 16.2% in the prior-year quarter. This margin rate change was primarily due to decreases in payroll and benefit cost and other operating costs from the leveraging benefit of refranchising restaurants. Offsetting these cost improvements was an increase in occupancy-related expenses, including higher property insurance costs and the mix of owned versus leased properties related to the refranchising of restaurants. Total general and administrative expenses of $15.4 million were impacted by a decrease in share-based compensation expense, in addition to a reduction in personnel costs, partially offset by market valuation changes in our deferred compensation plan liabilities and an increase in performance-based incentive compensation. These results contributed to adjusted EBITDA of $24.9 million. Depreciation and amortization expense was approximately $2.8 million lower at $4.2 million, primarily resulting from a lower number of equivalent company restaurants due to our refranchising and development strategy and classifying restaurants as held for sale. Interest expense was approximately $3.6 million, compared to $5.4 million in the prior-year quarter primarily due to a decrease in the balance of our credit facility. The provision for income taxes was $5.1 million, reflecting an effective income tax rate of 21.5%. Adjusted net income per share was $0.23, compared to $0.18 in the prior-year quarter. Adjusted free cash flow after cash interest, cash taxes, and cash capital expenditures was $12.1 million, compared to $17.7 million in the prior-year quarter primarily due to increases in cash taxes related to the gains on the sale of company restaurants, partially offset by a decrease in cash interest and cash capital expenditures. Cash capital expenditures included real estate acquisitions and facilities maintenance of $3.2 million, compared to $4.7 million in the prior-year quarter. Our quarter-end debt-to-adjusted EBITDA leverage ratio was 2.7 times, and we had approximately $256 million of total debt outstanding, including $240 million under our revolving credit facility. We allocated $45.4 million and $96.2 million toward share repurchases during the quarter and full-year 2019, respectively. These open-market repurchases represent a reduction of 4.9 million shares in 2019 at an average price of $19.72 per share. Between the end of the quarter and February 10, we allocated an additional $22.2 million to share repurchases. As of February 10, we had approximately $260 million remaining in authorized share repurchases. Since beginning our share repurchase program in late 2010, we have allocated approximately $542 million to repurchase approximately 54 million shares at an average price of $10.15 per share, leading to a net reduction in our share count of approximately 44%. Now, I would like to update everyone on the status of our previously announced refranchising and development strategy. We have been migrating from a 90% franchise business model to one that is between 96% and 97% franchised, and we are substantially complete that effort as of the end of 2019. As a reminder, we anticipate selling between 115 and 125 total company restaurants with between 70 and 80 attached development commitments. During the fourth quarter, we sold nine restaurants to franchisees, bringing the strategy to date total to 113 restaurants sold. Additionally, as of the end of 2019, we have four company restaurants classified as held for sale. With these transactions, we have secured 78 development commitments that will continue to enhance our domestic development for years to come. We expect it to receive multiples in the range of 4.5 times to 5.5 times restaurant-level EBITDA on these transactions yielding total pre-tax refranchising proceeds of between $125 million and $135 million. Strategy to date, we have received approximately $128 million in pre-tax proceeds, front end fees and other transaction fees and an EBITDA multiple of approximately 4.8 times. While this transition to a lower risk, more asset-light business model will initially have a dilutive impact on adjusted EBITDA, we anticipate an accretive impact on adjusted earnings per share and enhanced adjusted free cash flow. These accretive actions, combined with refranchising proceeds, are expected to enable us to generate more compelling returns for our shareholders. The EBITDA contribution of restaurants sold are partially offset by royalty revenue, rental income, and cost rationalization. We are in the process of rationalizing approximately $11 million to $13 million of business costs, with approximately 40% of the savings coming from reductions in field support functions currently captured in our company and franchise operating margins. Approximately 35% of the savings will come from adjustments in our corporate G&A support structure, and the remaining 25% will come from gradually migrating certain support costs from Dennys G&A to shared costs with franchisees over the next couple of years. We expect to yield an adjusted EBITDA level that is similar to the results we delivered in 2018 following the conclusion of our refranchising efforts and the trailing rationalization of business costs, excluding inflationary pressures. While we continue operating a portfolio of company restaurants in our highest volume trade areas such as the Las Vegas strip, our transition to a more asset-light business model is expected to reduce annual cash capital expenditures associated with maintenance and remodel cost by between $9 million and $10 million. The reduction in ongoing maintenance and remodel capital coupled with refranchising proceeds and future royalty revenue on the associated development commitments will further support our commitment to shareholder-friendly investments and returns, including the return of capital to our shareholders. The second part of our strategy includes upgrading the quality of our real estate portfolio through a series of like kind exchanges. We anticipate generating approximately $30 million in proceeds from the sale of between 25% and 30% of the approximately 95 properties that we owned at the start of the strategy. Proceeds from the sale of real estate under lower volume units will be redeployed to acquire higher quality real estate. During the fourth quarter, we acquired one property for approximately $1.9 million, bringing the strategy to date total to six properties for approximately $11 million. With these proceeds, we have acquired five properties through a series of like-kind exchanges. Let me now take a few minutes to expand on the business outlook section. For fiscal year 2020, we anticipate the following annual guidance ranges. It is important to note that fiscal year 2020 includes 53 weeks of activity. We expect domestic systemwide same-store sales growth of between 0% and 2%. We anticipate 30 to 40 new restaurant openings with a net system change of between a decline of five restaurants and the growth of five restaurants. We expect total operating revenue of between $453 million and $459 million, including franchise and license revenue of between $260 million and $263 million. We expect franchise operating margin of between 48% and 49% and company restaurant operating margin to be between 18% and 19%. Total general and administrative expenses are expected to be between $66 million and $69 million. This is inclusive of approximately $10 million of share-based compensation expense. As a reminder, total general and administrative expenses will be impacted by approximately $1 million due to an additional operating week. As a result, we anticipate adjusted EBITDA of between $97 million and $100 million. We expect net interest expense to be between $17 million and $19 million. Our effective income tax rate is expected to be between 22% and 25%, with cash taxes of between $9 million and $12 million. We continue to optimize the value of our real estate portfolio by selling property under some lower-volume stores in order to acquire higher quality real estate through a series of like-kind exchanges. Accordingly, cash capital expenditures are expected to range from $28 million to $33 million, including between $13 million and $18 million of anticipated real estate acquisitions. Excluding these anticipated real estate transactions, we otherwise would expect cash capital expenditures to be approximately $15 million. As a reminder, cash proceeds from the sale of real estate will be reported in cash flows from investing activities in our consolidated statement of cash flows. But these real estate proceeds are not captured in the cash capex or adjusted free cash flow guidance metrics we provide. However, the cash outflow to purchase real estate is included. In addition, as John mentioned, we are very encouraged by the success of our Heritage 2.0 test and therefore, we'll be accelerating some of the initial Heritage company remodels, which is also included in our guidance range. Finally, our guidance for adjusted free cash flow is anticipated to be between $39 million and $42 million. If the anticipated real estate transactions were excluded, our expectations for adjusted free cash flow would be between approximately $55 million and $58 million. That wraps up our prepared remarks. I will now turn the call over to the operator to begin the question-and-answer portion of our call. Questions & Answers: Operator [Operator instructions] And our first question will come from Nick Setyan with Wedbush Securities. Nick Setyan -- Wedbush Securities -- Analyst Thank you. Just first, congratulations, Mark, Robert, and Curt on the well-deserved promotions. I think we find very few detractors with the comment regarding John's visionary leadership, and it's maybe an appropriate time to ask given two quarters in a row. Now, you've talked about alternatives of cash and an increased focus on the strategic opportunity ahead of us. Is there an opportunity to maybe think outside of just share repurchases going forward? John Miller -- Chief Executive Officer Thanks for the question, Nick. And for the kind words toward the leadership team here. I think we're entering in an era with these changes so that Mark and Robert and team can focus on the execution of the brand and John Dillon, and I and Steve Dunn will focus a little bit more on sort of the positioning the brand to make Denny's the best proposition Denny's can be in the market. We think there is a lot of growth to unlock in this business at breakfast, lunch, dinner, and late night. We think the diner positioning can be very powerful. We think there's a lot of domestic momentum we can gain after having been a little bit soft the past couple of years. And we think that the global growth for this brand is can be pretty powerful, so that will, of course, be our primary objective. And then as to strategic alternatives, I think what we've been trying to characterize for those that asked the question persistently, have you thought about this or that, is simply to convey we do think about these things and give them due consideration and have done that for years and come back to betting on our brand and share repurchases for the time at hand. I appreciate the question. Nick Setyan -- Wedbush Securities -- Analyst Fair enough. In terms of the remodels on the company-owned side, approximately how many remodels in the company-owned side do we expect in 2020? Robert Verostek -- Senior Vice President and Chief Financial Officer Nick, this is Robert. So if you recall, back when we launched into the last remodel cycle with Heritage, 1.0 we accelerated. And I think that was back in 2014, and we ended up accelerating and functionally finishing the remodel update in approximately three years. So, fast forward, we're beginning the next cycle again. And as John pointed out, when you look at the returns, they're very similar to what we experienced during the Heritage 1.0 rollout, so we're very encouraged by that and what that could deliver for the company portfolio. So, going forward, although we haven't guided specifically to the number of remodels, again, if you look back at history and the returns that we had, we are bullish about this, and we'll go further into the remodels than otherwise would have been suggested by the normal pattern. Nick Setyan -- Wedbush Securities -- Analyst OK. And then last question, and I'll let others take over. In terms of the franchise margin, 48% to 49%. Is there an opportunity to maybe get that to move a little bit higher as some of the rationalization takes place over the next few years beyond 2020? Robert Verostek -- Senior Vice President and Chief Financial Officer So, Nick, this is Robert again. With regard to that margin, as you would expect in the current year, the volatility with regard to that has been impacted by the FDP transaction, particularly with regard to the occupancy margin. So when you look at that, yes, the occupancy margin there is the benefactor. And really, the complement of the leased versus owned model, so you have that within that 48% to 49%. It is a leveraging impact, as you would expect, when you grow units, the normal complement of oversight on the franchise side is that 40% to 45%, what we call franchise business consultants to one restaurant. So, there is a leveraging effect with each as we grow those units compared to what would have been on the company side, which was more in the 1% to 7% to 8% range. So, as we continue to grow franchise units, particularly, as John mentioned, through these development commitments, which 78 commitments were captured through the FDP process, that would potentially be an opportunity. And as John noted, that looks to really begin in earnest in 2021. Nick Setyan -- Wedbush Securities -- Analyst Thank you very much. Operator And our next question will come from Michael Tamas with Oppenheimer & Company. Michael Tamas -- Oppenheimer and Company -- Analyst Thanks. First, on same-store sales, can you just maybe talk about how you're thinking about sales in 2020, what kind of gets you most excited? What do you see as the biggest drivers? John Miller -- Chief Executive Officer Yes, I think that the Denny's On Demand and the off-premise will continue to grow moderately, and so a lot of people have sort of stopped pressing on the gas for that. We'll do some promotional effort there. But it is a little bit lower margin, and so rather than run headlong into the wind on that, we're looking for cost optimization. There's been some benefits out there among the third-party providers. And I think that's helped us focus on how to think about the business long term. So while some people are just getting in the game, I'd say that we're going to watch that carefully. The bigger driver for us would be our promotional calendar, just from improvements in food servicing environment and getting more and more credit for that with every passing quarter, whether it be Pride scores, Yext Yelp scores, online scores, reductions, complaints, better management of ticket times through Delight, Make It Right, service recovery initiatives, when we get it wrong, we to recover a guest. All those things have sort of gone from the dark ages a few years ago to sort of in the game, and now we're sort of working toward best-in-class and how we roll out and get these initiatives to be stickier and how they impact one shift after another in the restaurant. So, what I'm most excited about is that you're starting to feel much better, much more consistent, much more reliable service standards throughout the brand. And my confidence that that will drive profitable sales and transaction growth is the highest. Our food is better. It's more craveable, and we're building equities beyond just value propositions. Michael Tamas -- Oppenheimer and Company -- Analyst Got you. And then can you maybe talk about the company-owned margin guidance of 18% to 19% relative to like the post-refranchising commentary? I think that was 19% to 21% previously. When would we get there? Or if it's not the case anymore, what are some of the differences now? Robert Verostek -- Senior Vice President and Chief Financial Officer Yes, Michael, one of the key differences, here you're correct when you look at the investor presentation that we put out when we first began talking about this FDP, this development strategy, you are correct in that range that you quoted. One of the things that that -- what that represented was the four-wall margin, the four-wall company operating margin. What that means is it excluded the district managers, and I believe we began calling that out as we got back on the road, so that really is the key component between that 19% to 21%range and the 18% to 19% range that we put out today. As you have seen, as we've migrated throughout 2019, that rate has continued to improve, and we do have confidence that we will be with inside that range as we move throughout 2020. Michael Tamas -- Oppenheimer and Company -- Analyst Thanks very much. Robert Verostek -- Senior Vice President and Chief Financial Officer Thank you, Michael. Operator Our next question will come from Jake Bartlett with SunTrust. Jake Bartlett -- SunTrust Robinson Humphrey -- Analyst Great. Thanks for taking the question. My first question is just about -- I know you have the ability to kind of toggle media weights to either end of your barbell menu strategy as you see the promotional environment evolve. But how do you expect 2020 to look. Do you expect to be able -- or you have to kind of wait more on the value side or the premium side, or do you expect a more balanced approach? And that's also in the context of kind of the "breakfast wars" that are about to break out here in QSR. John Miller -- Chief Executive Officer Great question. I do believe you're going to see a general theme of mostly the same throughout 2020 versus 2019, driven by all the same issues. There is an all-out battle for share with a battle for transactions throughout the entire industry. And so there is a sensitivity among some undefined 15% to 25% of guests may be driven a little bit more for their frequency around the value proposition. At the same time, there's an earnest desire among highly franchise systems to focus a little bit more on profitable transactions and quality transactions in light of high wage inflation. And so pricing was a little bit more aggressive than a longer history of the industry. And the consequences of that are usually a willingness to give up a little bit of transactions at some level for a respectable margin. And toward four-wall economics to support a continued growth of seat count in a good or well-run a wealth of a franchise brand with interest and continue to grow 30 to 50 restaurants a year like Denny's. So the tension between those two creates a calendar that requires some of both, so inside any quarter. And then for our planning throughout 2020, we will have value propositions that we can toggle the rates up and down as required and toward premium and or value propositions. And then part of the Delight and Make It Right service model does prepare our servers to do a better job of highlighting new menu items that are on the premium side and/or to upsell when there's nice upsell opportunities. And rather than taking too much airtime, I could go back inside or maybe have Curt to follow up, share some of the examples last year how that worked really well in our credit promotion and a couple of others. One last thing I'll add is that our overall $2 $4 $6 $8 Value Menu in the fourth quarter mixed barely in the double-digit range, around 11%. That's down from where we ended '18, which is just a little north of 12% on the year. And then when you add the Super Slam to that, call it another 5%, so middle teens, where a few years ago, that would have been in the high teens or low 20s. So, we have deemphasized that side of the menu, and we'll continue to do that through 2020. Jake Bartlett -- SunTrust Robinson Humphrey -- Analyst Got it. Is that a reflection of just consumers' willingness, or are you doing that reaction to consumers' willingness to spend more? Or you're doing that you try to help protect margins for the system? John Miller -- Chief Executive Officer Well, it's a way of saying that all things are true at the same time. It's not one or the other are true. So what's true is the consumer wants more craveable products. There's better culinary standards throughout the eat-out industry and so dining out is becoming more competitive, and so the expectations with Denny's to have premium offers that meet the test of a good culinary standard is true. It's also true that there's a good economy and a willingness to try those items. It's also true that there are smart consumers in the face of lots of deals have lots of deals to shop. So if today is a deal day in their mind or a visit they might have spent at home, but they will go out if there is a deal, tomorrow might be, I just got paid. And I feel prosperous. I don't feel like a deal. I feel like an experience. And so all are true. We have smart consumers with lots of dealing going on, so we have to be in that business to hold on to share as our competitors do to some degree. At the same time, we have to compete for the premium and experience side of the occasion. And so both are true at the same time. And so good brands have strategies to address both needs. Jake Bartlett -- SunTrust Robinson Humphrey -- Analyst Great. Great. And last question on the cost savings that you expect through the refranchising -- related to the refranchising. Trying to kind of level set what the starting point is for G&A. I believe there's somewhere around $6.5 million to $8 million of savings expected over the next two or three years. But what's the starting point? You've kind of moved around a lot in '19 given the stock comp and some of the incentive compensation that was higher because the stock price and partly. But what's the good starting point? And then how much have you saved so far? Just so we can kind of think about what's more left to go. John Miller -- Chief Executive Officer That's a great question. I'll turn that over to Robert in just a second. It can be confusing. There's stock-based comp, there's tax implications, there's this guidance of 10% to 13% based on the number of units sold, which is cost rationalization, not just G&A. So there a lot of numbers can get jumbled together. So, we'll take a shot at trying to add some clarity. Robert Verostek -- Senior Vice President and Chief Financial Officer Yes. So with regard to that, when we look back, the announcement for our -- this strategy, excuse me, was in Q4 of 2018. So the reality is a good leaping-off point for this kind of reconciliation would be 2018. But as John spoke to, there are different points, and to your point, the different points that need to be included. Over that course, you have in the current year, you have the 53rd week. You also have inflationary pressures that have affected that. You also have the fact that the cost-sharing components of that have not yet been fully realized, so when you take all of that into account, it really kind of gets to the guidance range that we put forth today. Now that range today does contemplate what we have said consistently throughout this program, which is returning to an EBITDA level that we achieved in 2018. So 2018 was just north of $105 million. So on the far side of this, once all of those rationalization efforts have been baked in, inclusive of the cost-sharing with the franchisees, we will return to that level, so again, there are a number of components they need to be contemplated through that reconciliation. So I can probably leave it with Curt to follow-up if there are more specifics with that. Jake Bartlett -- SunTrust Robinson Humphrey -- Analyst Great. I appreciate it. Yeah. Thank you. Operator [Operator instructions] We'll take our next question from Todd Brooks, CL King & Associates. Todd Brooks -- C.L. King and Associates -- Analyst Hey, everybody. Congratulations on the new roles, as a starter. Robert Verostek -- Senior Vice President and Chief Financial Officer Thanks, Todd. Todd Brooks -- C.L. King and Associates -- Analyst A couple of quick questions here and just following up on the kind of $11 million to $13 million cost savings range. It feels like we do have more color now on the program being substantially complete with the four units now marked as held for sale. And my impression on the cost saves is $11 million was tied more to the 115 units sold, $13 million tied more to if we got 125. Is it not as black and white as that? Is there an amount of kind of the success and cost saves that is performance-based against the business going forward, or should we be thinking about this closer to the $11 million because we'll be just slightly above the 115? Robert Verostek -- Senior Vice President and Chief Financial Officer That's an excellent point, Todd. Thank you for bringing that up. In the explanation that I was providing earlier, that is one of the additional components that I left out in -- kind of that reconciliation was that the number of units would impact that. So, your view of that, I couldn't argue with your view of that that the ultimate range there between $11 million and $13 million would be affected by the number of units. And having completed 113, as you know, with the four assets and held for sale, that would be toward the lower end of that range, so that would be an additional component in addition to the ones I had previously mentioned. Todd Brooks -- C.L. King and Associates -- Analyst OK. Great. And then just a follow-up on Heritage 2.0 as well. I know you've voiced the excitement about it and the fact that we'll probably proceed fairly quickly through the remaining corporate stores. But with the success of Heritage 1.0 and the consistency of the success and the returns that the franchisees saw, when do we expect franchisees to really start to get involved in Heritage 2.0? Will it be kind of as mandated to refresh the restaurants, or do you foresee franchisees maybe getting involved earlier in the process this time? John Miller -- Chief Executive Officer Right. So there's two ways to interpret the question and, therefore, to answer it. Franchisee involvement here at Denny's is pretty much a way of life, so our franchisee association board and the development brand advisory council, there's a color change, a spec change, a vendor review, a booth test. They're involved from the onset, cost rationalization, consumer response, panels they get a front row seat to everything we do. So, by the time it becomes a program or, therefore, sort of the some brands would say, a brand standard or a brand mandate to the franchisees, it feels like it's time and welcome and they've endorsed it throughout the whole process. When they get involved, we don't really go in big material crunch waves here when it comes to remodels. Our franchisees tend to be reasonably compliant to their due dates, which is a seven-year remodel cycle. And so because of leases and successor and transfer agreements, that sort of dragged into a seven- to eight-year cycle just sort of by practicality. And so that's why you see this overlay. You've got a seven-year cycle before all of them are finished. We've got to ride at or just short of 90%. Some of the early folks are going where they said, "Gosh, I got to get landlord happy. I am doing my remodel maybe a little ahead of schedule. So I'm better off negotiating, right, later." So that drags a month or two. But at the end of the day, those that are due or planning, they need to see what's coming next and others are just now getting around to do. But they tend to do them inside their mandate in that cycle. And right now, we have a big wave of Flying J, remodels coming up, which we're excited about. And so that's what's going on in 2020. And the 34 already under way, the franchisees that are due throughout this year if they weren't already permitted on the 1.0, they'd be moving to the 2.0. The advantage of that is if they have the Sunrise scheme, they would skip right past the scheme in between. Heritage 2.0 just brings modernizes the colors and some of the finishes inside the building to be a little bit more eclectic a modern version of diner like community tables and seatings and some treatments at the counter. And some color schemes, I think, if you get too primary, they become dated. The colors just become dated every seven or eight, 10 years. But on the exterior, there are more enhancements through 2.0 this time around, so that's where a lot of the enthusiasm and excitement is coming from. Todd Brooks -- C.L. King and Associates -- Analyst OK, great. Thanks for the call. Operator Thank you. Brett Levy with MKM partners has our next question. Brett Levy -- MKM Partners -- Analyst Great. Thank you. Would you care and share a little bit more detail on what you're seeing with the consumer in the competitive landscape, maybe a little bit more granularity on trends maybe since the quarter ended or regionally? And then just when do you think you're going to start to see unit closures shrink so that instead of just 30 to 40 gross, we're actually seeing the net numbers starting to accelerate? And then just finally, you said you've been leveling off some off-premise at about 12%. What's been the rate of growth in the quarter? And how are you thinking about the rate of growth for 2020? John Miller -- Chief Executive Officer OK. Sure. Well, let me start and then toss it to Robert to talk about your second question. I'll take one and three of that. On the consumer, I can't talk about inside the quarter just yet. But what I can say is that we see evidence of a consumer that is drawn. If you look inside our categories, just the kinds of things we sell, our top-selling omelet is prime rib omelet. It's also our most expensive omelet. It's also more unique and differentiated from what a ham and cheese omelet you might get somewhere else. So these branded elements like a Moons Over My Hammy or something like that that have been around the brand a long, long time, there's more and more interest of trial not necessarily daring or crazy, but a new twist on traditions of culinary standards. You see a lot of experimentation of menu items across our competitive set. To give some kudos to Cracker Barrel, they rolled out this aggressive new chicken program. Those things are not easy to do, so my congratulations to them. But there are the kinds of things out there, we're saying, let's do some great things in the marketplace with some great food and sort of raise the culinary delivery and expectation to meet that growing expectation of consumer. And so, we see that applied in our business, too. There's a number of people that are sort of right down the middle, where we've been -- but where we've done more interesting things is in our breakfast mix. Our breakfast mix has grown to a bigger percentage of our all-day menu. We finished the fourth quarter with about a 64% total breakfast mix all-day. 85% of our customers order breakfast items, but all-day, it's grown to 64%, up from about 62% in Q3. So these items where we're a little short of introducing to menu diner dinner items just yet, although it's in our long-term plan, the crepes we've added, the different things we've done to be innovative around the breakfast and lunch daypart have drawn the attention of our guests and given the brand some buoyancy in our ninth year of positive comps. We see this running across the industry. There are a lot of breakfast initiatives that were mentioned earlier, I think, by Nick. It's very competitive out there with a lot of fast-casual biscuit concepts being launched and tried. Some will scale, some won't make it, but in each of these offerings, it's not just what you can already get in the marketplace but a new twist on some traditional items that have been plussed up a little bit from a culinary standard. So these are kind of things that are driving innovation on the eat-out industry. I think it gives family dining a very good place to be. This renaissance we've been talking about, where people just want really good moms cooking but with a twist and maybe something they wouldn't have been able to prepare at home. So that's what we see with the consumer. We saw basically the fourth quarter grow in momentum all the way through the holidays, and that's about what we expected to see happen. Rate of growth was about 67% since the launch of Denny's on Demand, which started about 7% of total sales and grew to 12%. And Q3, that grew from about 11% total to about 12% in Q4. So it's [Inaudible] calculate that percent momentum. Robert, do you want to answer that? Robert Verostek -- Senior Vice President and Chief Financial Officer Yes. I'll take the middle question, Brett. With regard to the openings and closings question, so kind of to set the table there, let's talk about the closing side first. In the current year, it was 36 closures. That is down from 56 closures that we had in 2018, so we worked diligently to get that number back in line. 2018 actually was impacted by some higher and better use issues where we would have preferred to keep the unit open, but the landlord would not necessarily -- we couldn't necessarily negotiate what we needed to, to get those open. So that was about half of the -- about half the size of what it was in 2018. We had about 17 or so of those in 2018, about half that number in 2019. So the 36 number that we had in 2019, is actually pretty close to the system average, if you look over the last decade or so. And when you're working with a brand that's 67 years old, that 2% range is likely the number that will continue to persist. There's just a natural evolution of trade areas and units moving in and out of trade areas. So I wouldn't expect that that number, the closing number, will necessarily change all that much from that 10-year kind of historical average. Now, where we can go with the openings is the other side of the equation. So when you look at the guidance for the current year, it's 30 to 40 openings with a range of down 5% to up 5%. As we spoke a little bit ago, as John mentioned in his comments and I reiterated, there are 78 development commitments that we have captured through our franchising and development strategy that will likely come online in 2021. Those will have very little impact in 2020 given the lead time that it takes from the signing of that commitment to the actual opening of that first unit. That's typically in the 18-to-24 month range. So that will have a much broader impact in 2021. We are also quite excited about the development agreements internationally that we have captured and have experienced some really solid growth in there, particularly if we look at Canada and the Philippines. So with continued momentum there with the development commitments coming online from the development and refranchising strategy coupled with maintaining that level of closure, I think you will get to really kind of get to the question that you're after, which is when will we be beyond the plus 5% in net unit growth. So again, I think it should be more seen on how to get the gross openings up as opposed to the closings down. Brett Levy -- MKM Partners -- Analyst And still one more question. Could you provide a little bit of background and thought process on how we should think about your plant-based initiative? John Miller -- Chief Executive Officer Yes. So we launched Beyond Burger, and it's doing well, I'd say. We had a conservative estimate on it, and because of that, it's outperforming that conservative estimate. But it's only in the California market. Well, we started it in the California market before it went nationwide, so it's just now showing up across all menus. I think that we get asked this question all the time, is this to add a trend long term. My sense of it is whatever it is, it will be around for a while. The downside, people are critical of the fact that it may not be really better for you from high sodium and the processes that are required to get there. On the other hand, there are those people that conscientiously want to eat less red meat and are concerned about that. And the high amount of sodium they put on their carbohydrates, snack foods and the likes in any case, so they're not particularly concerned about that trade and there is a very high trial period going on right now. So I would expect more things to come from bacon and eggs, to fish, to chicken to anything plant-based, you can imagine. And my sense of it is good brands will have some placeholders in their menu over the now or the coming year. Operator [Operator instructions] We'll take our next question from Stephen Anderson, the Maxim Group. Stephen Anderson -- Maxim Group -- Analyst Most of my questions have been answered, but I do want to have a follow-up question with regards to the off-premise program. And specifically, I know you've mentioned potential for catering. Is that something you and the franchisees potentially looked at and something that -- with regard to the potential for raising average ticket? I just want to see if that's something you've discussed. John Miller -- Chief Executive Officer Yes. So the catering aspects, I think, are -- when you have stronger dinner equities than Denny's has, like a Cracker Barrel, that would be an appropriate conversation. I think when you look about a breakfast centric menu like we have today, it's not our long-term goal to be strictly breakfast oriented. But today, it's dominant on our mix. When you're not coming to dine-in, then to-go has lots of drive-through solutions. So the notion that it's the kind of product that you would naturally cater in trays or party trays or box meals like Bakery & Deli does where it can sit on the shelf until you're good and ready to eat it and break from the meeting or what barbeque does is sort of room temperature stable for a three-, four-, five-hour period or easily to reheat. That's not the kind of thing you see with eggs, pancakes, or even burgers where the bottom bun gets soggy. So off-premise family packs, I think, is what we more specifically spoke to, but catering in the traditional sense is not an initiative that we've announced. Operator And there are no further questions at this time. So, Mr. Nichols, I'll turn things back over to you for any additional or closing remarks. Curt Nichols -- Vice President, Investor relations, and Financial Planning and Analysis Thank you, Sarah. I'd like to thank everyone for joining us on today's call. We look forward to our nextearnings conference callin late April to discuss our first-quarter 2020 results. Thank you and have a great evening. Operator [Operator signoff] Duration: 59 minutes Call participants: Curt Nichols -- Vice President, Investor relations, and Financial Planning and Analysis John Miller -- Chief Executive Officer Mark Wolfinger -- President Robert Verostek -- Senior Vice President and Chief Financial Officer Nick Setyan -- Wedbush Securities -- Analyst Michael Tamas -- Oppenheimer and Company -- Analyst Jake Bartlett -- SunTrust Robinson Humphrey -- Analyst Todd Brooks -- C.L. King and Associates -- Analyst Brett Levy -- MKM Partners -- Analyst Stephen Anderson -- Maxim Group -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribing has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's (NASDAQ: DENN) Q4 2019 Earnings Call Feb 11, 2020, 4:30 p.m. Operator Good day, everyone, and welcome to the Denny's Corporation fourth-quarter and fiscal-year 2019earnings call Today's conference is being recorded. Thank you for joining us for Denny's fourth-quarter 2019earnings conference call With me today from management are John Miller, Denny's chief executive officer; Mark Wolfinger, Denny's president; and Robert Verostek, Denny's senior vice president and chief financial officer.	Thank you for joining us for Denny's fourth-quarter 2019earnings conference call With me today from management are John Miller, Denny's chief executive officer; Mark Wolfinger, Denny's president; and Robert Verostek, Denny's senior vice president and chief financial officer. Denny's (NASDAQ: DENN) Q4 2019 Earnings Call Feb 11, 2020, 4:30 p.m. Operator Good day, everyone, and welcome to the Denny's Corporation fourth-quarter and fiscal-year 2019earnings call Today's conference is being recorded.	To better equip us for continued success, we announced the realignment of some leadership positions last week, including the promotion of Mark Wolfinger to president of Denny's, the promotion of John Dillon to executive vice president and chief brand officer; and the promotion of Robert Verostek to senior vice president and chief financial officer. Denny's (NASDAQ: DENN) Q4 2019 Earnings Call Feb 11, 2020, 4:30 p.m. Operator Good day, everyone, and welcome to the Denny's Corporation fourth-quarter and fiscal-year 2019earnings call Today's conference is being recorded.	King and Associates -- Analyst Brett Levy -- MKM Partners -- Analyst Stephen Anderson -- Maxim Group -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Denny's (NASDAQ: DENN) Q4 2019 Earnings Call Feb 11, 2020, 4:30 p.m. Operator Good day, everyone, and welcome to the Denny's Corporation fourth-quarter and fiscal-year 2019earnings call Today's conference is being recorded.	2096d4d3-c407-49c5-9797-954fe4d885bb
727334.0	2020-02-05 00:00:00 UTC	Denny's (DENN) Shares Cross Above 200 DMA	DENN	https://www.nasdaq.com/articles/dennys-denn-shares-cross-above-200-dma-2020-02-05	nan	nan	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $20.96, changing hands as high as $21.79 per share. Denny's Corp shares are currently trading up about 5.2% on the day. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $16.74 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.75. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $20.96, changing hands as high as $21.79 per share. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $16.74 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.75. Denny's Corp shares are currently trading up about 5.2% on the day.	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $20.96, changing hands as high as $21.79 per share. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $16.74 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.75. Denny's Corp shares are currently trading up about 5.2% on the day.	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $20.96, changing hands as high as $21.79 per share. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $16.74 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.75. Denny's Corp shares are currently trading up about 5.2% on the day.	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $20.96, changing hands as high as $21.79 per share. Denny's Corp shares are currently trading up about 5.2% on the day. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $16.74 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.75.	2628e4cb-0fed-4755-8689-1c542b613556
727335.0	2020-02-03 00:00:00 UTC	4 Reasons Weakness in Beyond Meat Stock Is a Buying Opportunity	DENN	https://www.nasdaq.com/articles/4-reasons-weakness-in-beyond-meat-stock-is-a-buying-opportunity-2020-02-03	nan	nan	The whole stock market is in selloff mode right now thanks to the rapid spread of the Wuhan coronavirus and fears regarding the economic implications of the disease turning into a global epidemic. That includes shares of plant-based meat maker Beyond Meat (NASDAQ:), which has seen its stock drop from $130 to $110 in the wake of the Wuhan coronavirus going global. Source: Sundry Photography / Shutterstock.com But recent coronavirus-related weakness in Beyond Meat stock actually looks more like a golden buying opportunity than anything else. The bull thesis breaks down into four parts. Beyond Meat has tremendous operational momentum at the current moment as consumer demand for plant-based meat continues to grow rapidly. Coronavirus fears wonÃ¢ÂÂt derail this momentum in Beyond MeatÃ¢ÂÂs core markets. Coronavirus fears have plunged interest rates to fresh 2020 lows, providing further support for Beyond MeatÃ¢ÂÂs rich valuation. All in all, then, Beyond Meat stock shouldnÃ¢ÂÂt be dropping on coronavirus concerns. But it has. And that means this is a buying opportunity. Limited Coronavirus Exposure Beyond Meat has limited near-term exposure to Asia, and therefore limited exposure to the adverse economic impact of the coronavirus. In China and throughout many parts of Asia, the coronavirus outbreak has brought daily life to a halt. Consumers arenÃ¢ÂÂt going out, shopping and buying burgers. Instead, they are staying in, meaning that companies with exposure to Chinese consumers will take a hit over the next few weeks to months. Beyond Meat is not one of those companies. For the time being, this is a North America and Europe growth story. Across both those geographies, there have been less than 25 confirmed cases of coronavirus. Consumers are aware of it, and are acting cautiously. But, they are still going about their daily lives, and consume (i.e., buy burgers) with just as much as frequency as they have been over the past few months. Tons of Operational Momentum At present, Beyond Meat has a ton of operational momentum thanks to rising consumer demand for plant-based meat. In the past few months alone, Beyond Meat has expanded its relationships withÃÂ Yum BrandsÃ¢ÂÂ (NYSE:) KFC unit, DennyÃ¢ÂÂs (NYSE:), McDonaldÃ¢ÂÂs (NYSE:), DunkinÃ¢ÂÂ Brands (NYSE:) and many more. All of these companies are looking to introduce and/or expand their plant-based meat offerings amid rising consumer demand. At the same time, Beyond Meat has won a contract to start selling its products in Costco (NASDAQ:) stores. Big picture Ã¢ÂÂ consumers are increasingly demanding plant-based meat options, and as they do, quick service restaurant chains and grocery stores alike are bulking up on their plant-based meat offerings. This trend will remain vigorous for the foreseeable future, regardless of the coronavirus outbreak and will support continued robust growth for Beyond Meat. Consumers May Shy Away From Animal-Based Meat In some ways, the coronavirus outbreak may actually accelerate the consumer shift towards plant-based meat consumption. ThatÃ¢ÂÂs because early research suggests that the Wuhan coronavirus originated from consumers eating animal-based meat (probably bat, but itÃ¢ÂÂs still not confirmed). Consequently, the coronavirus will likely serve as a reminder to consumers of the potential dangers of consuming animal-based meat. Granted, such dangers are far-fetched and highly unlikely. Most consumers in America arenÃ¢ÂÂt eating bats. But, consumers always tend to overreact, and this overreaction is what could propel consumers in the U.S. and Europe to maybe order a plant-based burger instead of a meat-based one the next time they are at a restaurant. Low Interest Rates Are Good for Beyond Meat Stock In other ways, the coronavirus outbreak may actually benefit Beyond Meat in that it has pushed interest rates to new 2020 lows. The 10-Year Treasury yield started the year out around 1.9%. But, fears surrounding the coronavirus have pushed investors into relatively safe bonds, which has dragged the 10-Year Treasury yield substantially lower. As of this writing, the 10-Year yield is below 1.6%, matching its lowest rate since early October 2019. Low interest rates support big growth valuations, because among other things, they translate to a lower discount rate on future profits, which leads to a higher net present value for future profits (and big growth companies get all of their value from future profits). Thus, the lower interest rates go, the more relatively attractive Beyond MeatÃ¢ÂÂs valuation appears, especially considering the company is relatively isolated from the negative impacts that are causing yields to move lower. Bottom Line In the big picture, Beyond Meat stock shouldnÃ¢ÂÂt drop on coronavirus concerns. But it has. Mostly because investors are selling everything without regard to what they are selling. This capitulation is an opportunity. Soon, coronavirus fears will fade. When they do, this stock will roar back to $130-plus levels. As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. The post appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In the past few months alone, Beyond Meat has expanded its relationships withÃÂ Yum BrandsÃ¢ÂÂ (NYSE:) KFC unit, DennyÃ¢ÂÂs (NYSE:), McDonaldÃ¢ÂÂs (NYSE:), DunkinÃ¢ÂÂ Brands (NYSE:) and many more. The whole stock market is in selloff mode right now thanks to the rapid spread of the Wuhan coronavirus and fears regarding the economic implications of the disease turning into a global epidemic. ThatÃ¢ÂÂs because early research suggests that the Wuhan coronavirus originated from consumers eating animal-based meat (probably bat, but itÃ¢ÂÂs still not confirmed).	In the past few months alone, Beyond Meat has expanded its relationships withÃÂ Yum BrandsÃ¢ÂÂ (NYSE:) KFC unit, DennyÃ¢ÂÂs (NYSE:), McDonaldÃ¢ÂÂs (NYSE:), DunkinÃ¢ÂÂ Brands (NYSE:) and many more. Limited Coronavirus Exposure Beyond Meat has limited near-term exposure to Asia, and therefore limited exposure to the adverse economic impact of the coronavirus. Tons of Operational Momentum At present, Beyond Meat has a ton of operational momentum thanks to rising consumer demand for plant-based meat.	In the past few months alone, Beyond Meat has expanded its relationships withÃÂ Yum BrandsÃ¢ÂÂ (NYSE:) KFC unit, DennyÃ¢ÂÂs (NYSE:), McDonaldÃ¢ÂÂs (NYSE:), DunkinÃ¢ÂÂ Brands (NYSE:) and many more. That includes shares of plant-based meat maker Beyond Meat (NASDAQ:), which has seen its stock drop from $130 to $110 in the wake of the Wuhan coronavirus going global. Consumers May Shy Away From Animal-Based Meat In some ways, the coronavirus outbreak may actually accelerate the consumer shift towards plant-based meat consumption.	In the past few months alone, Beyond Meat has expanded its relationships withÃÂ Yum BrandsÃ¢ÂÂ (NYSE:) KFC unit, DennyÃ¢ÂÂs (NYSE:), McDonaldÃ¢ÂÂs (NYSE:), DunkinÃ¢ÂÂ Brands (NYSE:) and many more. But, they are still going about their daily lives, and consume (i.e., buy burgers) with just as much as frequency as they have been over the past few months. Consumers May Shy Away From Animal-Based Meat In some ways, the coronavirus outbreak may actually accelerate the consumer shift towards plant-based meat consumption.	3ece9d2f-840b-4114-97c6-36b30babeaff
727336.0	2019-10-30 00:00:00 UTC	Denny's (DENN) Q3 2019 Earnings Call Transcript	DENN	https://www.nasdaq.com/articles/dennys-denn-q3-2019-earnings-call-transcript-2019-10-30	nan	nan	Image source: The Motley Fool. Denny's (NASDAQ: DENN) Q3 2019 Earnings Call Oct 29, 2019, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day and welcome to the Denny's third-quarter 2019earnings conference call Today's conference is being recorded. At this time, I would like to turn the conference over to Curt Nichols, senior director, investor relations. Please go ahead. Curt Nichols -- Senior Director of Investor Relations Thank you, Chanayde, and good afternoon, everyone. Thank you for joining us for Denny's third-quarter 2019earnings conference call With me today from management are John Miller, Denny's president and chief executive officer; and Mark Wolfinger, Denny's executive vice president, chief administrative officer, and chief financial officer. Please refer to our website at investor.dennys.com to find our third-quarter earnings press release along with any reconciliation of non-GAAP financial measures mentioned on this call. This call is being webcast, and an archive of the webcast will be available on our website later today. John will begin today's call with his introductory comments. Mark will then provide a recap of our third-quarter results, discuss the progress of our refranchising and development strategy and briefly comment on our annual guidance for 2019. After that, we'll open it up for some questions. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Before we begin, let me remind you that in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company knows that certain matters to be discussed by members of management during this call may constitute forward-looking statements. Management urges caution in considering its current trends and any outlook on earnings provided on this call. Such statements are subject to risks, uncertainties and other factors that may cause the actual performance of Denny's to be materially different from the performance indicated or implied by such statements. Such risks and factors are set forth in the company's most recent annual report on Form 10-K for the year ended December 26, 2018, and in any subsequent quarterly reports on Form 10-Q. With that, I will now turn the call over to John Miller, Denny's president and chief executive officer. John Miller -- President and Chief Executive Officer Thank you, Curt, and good afternoon, everyone. Let me start by saying that the growth and progress of this brand continues to resonate with our customers as evidenced by our positive same-store sales growth and that many franchisees have expressed their support for the returns on quality investments that we are making to continually improve our food, our service and our atmosphere. This enthusiasm and positive energy was quite clear at the Denny's Annual Franchisee Association convention held earlier this month. Franchisees also expressed their appreciation for the way in which we collaborate together on all significant initiatives, and we are thrilled to be working with such a talented and passionate group of franchisees, vendors and employees. In addition to the excitement from the convention, this collective team and our company's effort to collectively and effectively execute against our strategic initiatives yielded positive domestic systemwide same-store sales during the third quarter despite a choppy industry environment. I'm also delighted to report we have continued to make progress with our refranchising transactions, and we expect to be substantially complete with the sale of restaurants by the end of this year. In the midst of our transition to a more highly franchised brand, I'm especially proud of our team for their steadfast commitment to our vision of being the world's largest, most admired and beloved family of local restaurants. Progress toward this vision is driven by our consistent execution of our four strategic pillars. First, delivering a differentiated and relevant brand with the goal of perpetuating consistent same-store sales growth; second, operating great restaurants; third, expanding Denny's footprint throughout the U.S. and international markets; and fourth, driving profitable growth with a disciplined focus on cost and capital allocation for the benefit of our franchisees, employees and shareholders. These pillars are supported by our continued investments in technology and training along with close collaboration with our franchisees on virtually all brand initiatives. We continue to evolve our menu to meet guest expectations for higher-quality and more crave-able product. And our current limited time offer features big Bourbon flavors, including a Bourbon Bacon Burger and an Apple Bourbon Pancake breakfast, while also continuing to feature our recently introduced array of crepe options. We've also been featuring the Super Slam starting at $5.99 as part of our everyday value offering to drive traffic. Furthermore, our expanding off-premise strategy enables us to reach younger guests and increase our brand awareness. These off-premise sales represented approximately 11% of total sales at company and franchised restaurants during the third quarter, which is up from approximately 7% at the launch of Denny's on Demand in mid-2017. Delivery continues to drive the expansion in our off-premise business with approximately 88% of our domestic system actively engaged with at least one delivery partner. These transactions continue to be incremental and deliver total margin rates from the low teens to upper 20% after considering product cost, labor cost and the delivery fee. And our heritage remodel program continues to perform well and consistently receives favorable guest feedback. Our franchisees completed 31 remodels during the third quarter, resulting in approximately 87% of the system currently featuring the updated heritage image. This enhanced diner environment will continue to provide a significant tailwind for our brand revitalization strategy over the next several years. Our learning and development team continues to create and deploy progressive curriculum to the Denny's system through our ignite and e-learning platform, which is currently focused on our Delight and Make it Right service initiatives. And our franchisees' pride scores continue to rise. Moving to development. Our growth initiatives have led to 370 new restaurant openings since the beginning of our revitalization efforts in 2011, representing over 20% of the current system. Franchisees opened 13 restaurants in the third quarter, including four international openings in the Philippines, Canada and Mexico. Turning to our refranchising and development strategy. We completed the sale of 56 restaurants in the third quarter and have closed on an additional 6 restaurants so far in the fourth quarter, resulting in a total of 110 restaurants sold since the announcement of our strategy one year ago. This is a total of between 115 and 125 to complete the refranchising strategy. While the sale of restaurants is expected to be substantially complete by the end of the year, the concurrent effort to upgrade the quality of our real estate portfolio through a series of like-kind exchanges is still expected to extend into 2020. We continually assess our capital allocation strategy with the goal of balancing shareholder-friendly returns with an optimal leverage profile that supports Denny's broader strategic initiatives. In addition to investing in our brand, our long-standing internal review process continues to actively consider multiple alternative uses of cash. This practice is thorough and comprehensive with a full array of considerations, from evaluating the acquisition of another concept, to acquisitions for conversion like our Flying J transaction earlier in the decade, to considering a dividend, to our ongoing share repurchase program, each with due consideration to accretion and to risk. We balance these various considerations with our leverage philosophy and more recently, proceeds from refranchising transactions. We have remaining capacity in our revolving credit facility and intend to moderately increase leverage beyond the approximately three times EBITDA level from when we began our latest refranchising exercise. Near-term, leverage decreased temporarily from the notable inflow of refranchising proceeds. We remain steadfast, however, in our commitment to increase our leverage moderately and generate the most accretive risk-adjusted shareholder returns through the timing and prudent assessment of these alternatives. In closing, as we transition to a more asset-light business model, we remain focused on our brand-enhancing strategies, including quality enhancements to a menu and everyday value focus, the convenience of Denny's on Demand, investments in training to elevate the guest experience and our heritage remodel program. These strategies will continue to support our commitment to profitable system sales growth, market share gains and generation of compelling returns on invested capital and highly accretive and shareholder-friendly allocations of adjusted free cash flow. With that, I'll turn the call over to Mark Wolfinger, Denny's chief financial officer and chief administrative officer. Mark? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Thank you, John, and good afternoon, everyone. Our third-quarter highlights include growing domestic systemwide same-store sales by 1.1% and generating adjusted EBITDA of $24.2 million. Adjusted free cash flow was $3.7 million and adjusted net income per share increased 4.7% to $0.18 from $0.17 in the prior-year quarter. We ended the quarter with 1,706 total restaurants as Denny's franchisees opened 13 restaurants. These openings were offset by nine franchised restaurant closings. Franchise and license revenue increased 11.5% to $60.7 million, primarily due to the impact of our refranchising and development strategy and a 1.2% increase in domestic same-store sales. Franchise operating margin was 48.7% compared to 48.2% in the prior-year quarter. This margin rate expansion was driven by the company's refranchising and development strategy, which yielded an improved occupancy margin and an increase in royalty revenue. Moving to our company restaurants. Sales were impacted by our refranchise and a development strategy, which resulted in a lower number of equivalent company restaurants and a 0.2% decline in same-store sales. Consequently, sales were $63.6 million for the quarter or down approximately 38.6%. Company restaurant operating margin was 14.6% compared to 15.2% in the prior-year quarter primarily due to increases in other operating costs and occupancy expense. Other operating costs were impacted by an increase in repairs and maintenance costs related to the sale of company restaurants and unfavorable legal settlement costs. Occupancy expense was impacted by unfavorable general liability experience, higher property insurance costs and refranchise restaurants where we own the real estate. In this last case, a larger portion of the remaining company portfolio that is subject to a lease drives the total occupancy rate higher. These cost increases were partially offset by a decrease in payroll and benefits costs from the leveraging benefit from franchising restaurants. Total general and administrative expenses of $16.4 million were impacted by higher share-based compensation expense partially offset by a $700,000 reduction in personnel costs. These results contributed to adjusted EBITDA of $24.2 million. Depreciation and amortization expense was approximately $2.4 million lower at $4.3 million, primarily resulting from a lower number of equivalent company restaurants due to our refranchising and development strategy and classifying restaurants as held for sale. Interest expense was approximately $4.2 million compared to $5.3 million in the prior-year quarter primarily due to a decrease in the balance of our credit facility. The provision for income taxes was $15.3 million, reflecting an effective income tax rate of 23.7%. Adjusted net income per share was $0.18 compared to $0.17 in the prior-year quarter. Adjusted free cash flow after cash interest, cash taxes and cash capital expenditures was $3.7 million compared to $13.7 million in the prior-year quarter primarily due to increases in cash taxes related to the gains on the sale of company restaurants and an increase in cash capital expenditures partially offset by a decrease in cash interest. Cash capital expenditures included facilities maintenance and real estate acquisitions of $10.6 million compared to $7.8 million in the prior-year quarter. Our quarter end debt to adjusted EBITDA leverage ratio was 2.3 times and we had approximately $230 million of total debt outstanding, including $213 million under our revolving credit facility. We allocated $12.8 million to our share repurchases during the quarter. Between the end of the quarter and October 28, 2019, we allocated an additional $7.9 million to share repurchases, resulting in $58.7 million allocated to share repurchases year to date. As of October 28, 2019, the company had approximately $70 million remaining in authorized share repurchases under its existing $200 million share repurchase authorization. Since beginning our share repurchase program in late 2010, we've allocated over $482 million to repurchase over 50 million shares at an average price of $9.56 per share, leading to a net reduction in our share count of approximately 41%. Now, I'd like to take a few minutes and update everyone on the status of our previously announced refranchising and development strategy. As a reminder, the company anticipates selling between 115 and 125 total company restaurants with between 70 and 80 attached development commitments. We expect to receive multiples in the range of four and a half to five and a half times restaurant-level EBITDA on these transactions, yielding total pre-tax refranchising proceeds of between 125 and $135 million. These refranchising transactions are expected to be substantially complete by the end of 2019. Program to date, we have sold a total of 110 restaurants, including 6 restaurants sold thus far in the fourth quarter with over 75 attached development commitments. We have received approximately $127 million in pre-tax proceeds, front-end fees and other transaction fees at an EBITDA multiple of approximately 4.8 times. While this transition to a lower-risk, more asset-light business model initially will have a dilutive impact on adjusted EBITDA, we anticipate an accretive impact on adjusted earnings per share and enhanced adjusted free cash flow. These accretive actions, combined with refranchising proceeds, are expected to enable us to generate more compelling returns for our shareholders. The EBITDA contribution of the restaurants we expect to sell will be partially offset by royalty revenue, rental income and cost rationalization. We are beginning to rationalize approximately 11 to $13 million of business costs with approximately 40% of the savings coming from reductions in field support functions currently captured in our company and franchise operating margins. Approximately 35% of the savings will come from adjustments in our corporate G&A support structure, and the remaining 25% will come from gradually migrating certain support costs from Denny's G&A to shared costs with franchisees over the next couple of years. Following the conclusion of our refranchising efforts and the trailing rationalization of business costs, we expect to yield an adjusted EBITDA level that is similar to the results we delivered in 2018, excluding inflationary pressures. While we will continue to operate a portfolio of company restaurants in our highest volume trade areas such as the Las Vegas Strip, our transition to a more asset-light business model is expected to reduce annual cash capital expenditures associated with maintenance and remodel costs of between 9 and $10 million. The reduction in ongoing maintenance and remodel capital, coupled with refranchising proceeds and future royalty revenue on the associated development commitments, will further support our commitment to shareholder-friendly investments and returns, including the return of capital to our shareholders. The second part of our strategy includes upgrading the quality of our real estate portfolio through a series of like-kind exchanges. We anticipate generating approximately $30 million in proceeds from the sale of between 25 and 30% of the approximately 95 properties that we owned at the start of the strategy. Proceeds from the sale of real estate under lower-volume restaurants will be redeployed to acquire higher-quality real estate. During the quarter, we sold two properties for approximately $2.1 million and acquired two properties for approximately $4.8 million through a series of like-kind transactions. Based on third-quarter results and management expectations at this time, we are tightening our same-store sales guidance range to between 1.5% and 2.5% compared to our previous guidance range of 1% to 3%. Additionally, we are now expecting 30 to 35 new restaurant openings compared to our previous guidance of 35 to 40 new restaurant openings. We are reaffirming our current guidance of approximately flat net restaurant growth. We are reaffirming our other annual guidance metrics, including adjusted EBITDA expectations in the range of 93 to $96 million and adjusted free cash flow of 7 to $10 million. If the anticipated real estate transactions were excluded, along with the incremental cash taxes from anticipated gains on refranchising transactions, our expectation for adjusted free cash flow would be between 53 and $56 million. At the midpoint, this represents between 6% and 9% growth from the 51.2 million and the $50 million in adjusted free cash flow delivered in 2017 and 2018, respectively. That wraps up our prepared remarks. I'll now turn the call over to the operator to begin the Q&A portion of our call. Operator? Questions & Answers: Operator [Operator instructions] We'll now take our first question from Will Slabaugh from Stephens. Please go ahead. Your line is open. Will Slabaugh -- Stephens Inc. -- Analyst Thanks, guys This is the first time I can remember you mentioning other uses of cash. So I was wondering if you could tell us where you and the board may be in that discussion and if this is something new or you're simply just talking about it more publicly in terms of whether an acquisition could come or acquisitions for conversions or dividends. John Miller -- President and Chief Executive Officer Well, it's certainly not new, Will. That's a great question. I think what we're trying to do is just to add clarity around the process that's been around for a while here, quite a number of years where, on a very regular basis, we talk about all the uses you can imagine and sort of weigh those against risk and sort of where we are in the journey. We've obviously favored share repurchases and continue to do so at the moment. But at the same time, I wanted to make sure that that array was clearer to how robust that process actually is. Will Slabaugh -- Stephens Inc. -- Analyst Got it. And then as far as the results themselves, we've heard about California in particular being a weak market for a lot of full-service restaurants. I was wondering if you could comment if you saw that or anything else that stood out to you during the quarter. John Miller -- President and Chief Executive Officer It was -- the quarter was the same as year to date, Will. The California, Arizona, Washington continue to lead the way for us. Ohio and Florida have been softer. That's through both quarter and so our two weakest of the same year to date this quarter. Will Slabaugh -- Stephens Inc. -- Analyst Got it. And lastly, we've heard a number of sort of conflicting opinions about the consumer already this earnings season. So I was curious if you had any updated thoughts there in terms of health of the consumer and if you saw anything in your business in terms of customer either pulling on value more or less during the period. John Miller -- President and Chief Executive Officer I think we're in a value season. And so you have to be -- well, check goes up to cover primarily wage inflation that usually has a traffic consequence. So it's sort of imbalancing a large franchise system. We think the healthiest thing for us to do right now is pay close attention to having a little bit of everything there for our guests. We have premium offers for those that feel prosperous. We have add-on opportunities for those that shop a deal but then still want a little more. We have improved menu quality and premium offers. We have deals. So we have a little bit of everything based on what's going on competitively and where there are some pressures from price increases. So as those go through, you sort of have to soften that with a deal to push those through. So overall, I think the consumer is just a smart consumer that's taking advantage of this competitive battle for share where inflation is driving prices, which has some traffic consequences, which creates a lot of dealing and the customer is saying, I'm loving it, I have lots of choices. So let the competition remain intense. It's a good deal for consumers right now. Will Slabaugh -- Stephens Inc. -- Analyst Thank you. Operator We'll now take our next question from Nick Setyan from Wedbush Securities. Please go ahead. Nick Setyan -- Wedbush Securities -- Analyst Thank you. Any early thoughts on commodities into next year, particularly on pork? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Nick, it's Mark. We really -- we're obviously sort of capturing that information as we speak, as we go through our normal annual operating plan process, but we really haven't given any indication yet of where we think that inflation is going to be in 2020. And we'll obviously share more of that as we go through our annual guidance elements in February '20. Nick Setyan -- Wedbush Securities -- Analyst Got it. What's the run rate? I mean how should we think about like the run rate, other opex going forward? Maybe you could quantify the magnitude of the onetime impact in the quarter. John Miller -- President and Chief Executive Officer Yeah. I'll start, Nick. I can just say that sort of the big picture is it's really choppy as you can see, but the guidance is solid. And I think as we've talked throughout the start of this refranchising process and to the end, the portfolio we keep is very solid in that 19 to 21% margin range at the sort of completion at the other end. It's too early to start guiding '20 yet, but that's -- I'd say we're confident about the overall program falling in place and right now choppy. Mark might want to add some additional commentary about the current environment. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Thanks, John. Yeah. I think, Nick, when we looked at this and a little bit what was outlined in my script, but where we saw, I'll say, some of the un-favorability that went through the company margin side was -- it was about 100 basis points that went through repair and maintenance. So that goes through the other operating cost line per se. And we looked at that as we went through this -- the choppiness, but the transition really in this refranchising and development strategy. So when you're preparing stores for sale, our focus from the franchiser standpoint is to make sure that they are appropriately fully repaired as we go through these transactions. So the bottom line is about 100 basis points differential in repair and maintenance. There was some unfavorable legal settlement costs. Those came through probably about 70 basis points. And then the other pieces that came through in the company margin piece was an impact in general liability, we call GL, the general liability, and then a small piece went through the property insurance and rent line. And I think when you add up all those numbers, because I just went through a lot, it's about 260 basis points between those various categories that had an unfavorable impact. And I think as I mentioned in my comments, when you look at cost of goods and actually when you look at -- cost of goods is relatively flat year over year. Cost of labor was actually favorable by a couple of 100 basis points, and we saw that in a number of different line items within labor, team labor, management labor, etc. So I think back to John's comment, I go back to the investor deck that we've used, talk about pre and post on a company margin. And again, we anticipate as we get beyond the refranchising strategy, so we get into more of a normalized environment, as those slides have shown, we anticipate the company margin numbers to be sort of in that 19 to 21% range. And I think we continue to be very confident along those lines. Nick Setyan -- Wedbush Securities -- Analyst Got it. And then just lastly, the guest counts versus average check breakdown. Sorry if I missed that if it was in your prepared remarks. And also, the forward guidance, the implied range is relatively wide with only two months to go. I mean any color around the exit rate out of the quarter or the big trends would be really helpful. John Miller -- President and Chief Executive Officer Yeah. Obviously, Q3 is what we can speak the most about. We did come into Q3 following the Q2 of '18, which was a challenging quarter from us where we were -- did the Star Wars promotion, didn't have a lot of product or promotion on air. So we came out of that with a strong value offer, which created quite a bit of traffic momentum in Q3 that we're lapping this year. So the early part of the quarter was off to a tough comparison, but we had a very strong check growth over prior year because of a little less of that by comparison. So check was up about six and a half percent for the quarter. So it suggests traffic pretty soft for the quarter because of the value -- or going over the Super Slam comparison. We were willing, however, in our co-ops and the management through our franchise system to make that trade to get that behind us. So it creates a little bit of a choppy environment in the middle of all these franchise transactions as well. Check overall, 10 to $11, depending on the menu code in what part of the country. July and August, the most choppy. And then as we got that rollover behind us, September rebounded to sort of pre-July transaction trends and obviously just sort of ride on the predictions that we had and that persisted to some degree. One quarter remaining, the guidance, I'd say, is very solid in that range. Midpoint of that being in that 2% range for the balance of the year. Operator We'll now take our next question from Michael Tamas from Oppenheimer. Please go ahead. Michael Tamas -- Oppenheimer and Company -- Analyst Great. Thanks. Just on the sales trends, can you just talk about maybe anything else you saw that changed during the quarter? Was there any change in like the off-premise business or so that kind of seemed to slow down a little bit by our math? So just wondering if you can talk about that at all. John Miller -- President and Chief Executive Officer no. I think everything just rolled along. Sort of the year-over-year comparisons remained sort of steady, and third-party delivery year over year at about one to one and a half comp growth in the to-go business. It's -- there was nothing remarkable. I'd say one thing that was interesting is that we saw similar competitive or peer set changes in the August -- in the July and August period. So that was conspicuous now that we weren't the only brand that had an interesting comparison to Q2. Michael Tamas -- Oppenheimer and Company -- Analyst Got you. And then the units that you're keeping, you talked about them being in the 19 to 21% margin range once you're through all of this. So I'm just wondering, can you talk about what that has maybe looked like over the last year or two? Or any way you can kind of quantify it just so we can have an idea of how those units have performed? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Yeah. I think -- Michael, it's Mark. I mean, I think -- and I'll go back to the chart that we've utilized there, again, sort of go through the pre and post a little bit, and I might be a little repetitive having done this in various conferences. But the way we looked at it is the stores that we've targeted to sell run volume-wise between 1.9 million and $2.1 million, margin is sort of in that 10 to 12% range. The overall current portfolio when we started this process, so again, I'll start with the current portfolio, was a little bit higher than that, $2.3 million, 15.3% margin. So again, targeting the sale of stores that were in the 1.9 million to $2.1 million volume range, 10 to 12% margin. And so when you get on the other side of it, and again, obviously, we've done all the analytics behind this, that's how we've mentioned the 19 to 21% margin in the remaining store base. That's the remaining store base that would remain as company assets with volumes in the two-seven to two-nine range. And you can imagine the amount of analytics that went through this as we looked at a combination of the performance of these stores but also looking at the kind of tight range coverage we wanted from a field management structure. So again, looking at the two or three-year history of the stores, sort of going through the analytics, and obviously then we landed on the store base that we wanted to keep and the store base that we've been selling. It's interesting, again, with all the dynamics of the numbers, again, we certainly have been very pleased with the kind of multiples we're getting on the sale of these assets, the proceeds that are coming in and the development agreements. I think the development agreements, I think in my comments I mentioned where we targeted 70 to 80. And I think with the latest activity, including the early transactions in the month of October, so call it, the first month of the fourth quarter, we're 75 or more in development agreements already. So again, the combination of all these has been quite positive. Michael Tamas -- Oppenheimer and Company -- Analyst Got you. And one quick last one on the leverage. You're talking about taking it up modestly over time. But obviously, over the last couple of quarters, it has been coming down. So is there a trigger point that sort of allows you to start increasing that leverage? Is it once you're actually through the refranchising? Or is it just something that we can kind of start to see sooner rather than later? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Yeah, I think -- and I know we've spent a lot of time on this from the standpoint of -- obviously, it was outlined when we put the original strategy together on refranchising and the development. And at that point in time, when we started the process, we were just slightly over three times levered. I think there's 3.02 levered. And then we came down in leverage in the previous quarter to about 2.85. And obviously, the most recent quarter, we're two-three. Now the significant decline in leverage in the most recent quarter was the fact that we sold 56 units and got $70 million of cash in. So when you think about the share repurchase side of that, obviously, we didn't take the entire 70 million and put it back to the share repurchase side. Let me go back to what we said originally. Originally, when we were at three times levered, Mike, we said that we would focus on a modest increase in leverage. And I think at that time, our long-term range for leverage was two and a half to three and a half times. So again, we're still focused on that moderate increase. This quarter was a bit different primarily because of the $70 million in cash that came in during the quarter, which obviously was a result of all the transactions that occurred in the quarter itself. I think the other comment I would add to John's script is the fact that the other thing we want to continue to emphasize is that we're very focused on accretive return to our stakeholders. We -- obviously, one of the things that we focused on and the strategy is the fact that our annual free cash flow number would improve because of the lower store base and the savings in capex is firmly committed to that. And even on the adjusted free cash flow for this year, as I mentioned, that's up in sort of the mid-$50 million range when you back out the impact of cash taxes on transactions and the 1031 exchange process, the purchase of the real estate that's going through capex. So we're already starting to see that free cash flow change. And then obviously, our balance sheet at 2.3 times levered is not a moderate increase off of three times, and we recognize that. And obviously, we're still targeting an increase in leverage long term. And just as a reminder, our current debt facility is two years old. It's a five-year facility. That facility was put in place in October of '17. So we're two years into it at this point. So we obviously have plenty of time in that facility as well. And hopefully, I've answered your question in a rather long-winded way. Operator We'll now take our next question from Brett Levy from MKM Partners. Please go ahead. Brett Levy -- MKM Partners -- Analyst Great, thank you. and thank you for taking my question. Actually, it's going to be three, if you don't mind. I guess the first one is across the menu. Just how are you thinking about everything from value to how much pricing you think you have the ability to take? And also, if you could elaborate a little bit more on why you're looking at the beyond test. What were the driving forces? Second question is with respect to M&A, how are you thinking about that if that is something that is really on the forefront? Is that something of scale? Or is that something that might be more of a bolt-on modest acquisition like what a Cracker Barrel recently did? And then just any of the biggest concerns or learnings that came out of the franchisee convention that you could share. John Miller -- President and Chief Executive Officer All right. Maybe half a dozen questions in there. But sure, let's talk about across the menu and then the pricing component of that first. Across the menu, we sort of -- we are America's diner. We are anywhere from 55 to 60% all day mix of breakfast items. Over time, as we come toward the end of our heritage remodel program, our aspiration for the brand is to sort of exploit the all day, the breakfast, lunch, dinner and late-night dayparts more fully than we do today. Today, we have a stronger reputation around breakfast all day than we do as brands that enjoy the credibility as being sort of a full diner menu. So we built burger credibility, a few melts and skillets, but mostly, we sell a lot of breakfast all day. So across the menu, we've made some quality investments improvements, but we've not been loud and proud about merchandising those or pushing that agenda just yet. But we believe that we will get there in time. When it comes to pricing, sort of the simple math around pricing is that a good portion of the brands in higher wage inflation, no different at Denny's, are taking prices to mitigate the inflationary pressures for wage inflation. And so if you try to get that all at once in one step instead of two, that's a little bit of a step process where if you take too much price, it can have bigger traffic consequences and cost more to get guests back. If you don't -- if you take it in steps, then you have -- then you give up a little margin near term. So the balance between pricing power and consumer sentiment around price has sort of entered the -- it's created challenges for brands where there's high wage inflation. And effectively, what's happening is across the industry, not just our brand, but many are sort of mitigating some of the price increase with consumers that are willing to pay for the items they love or equities they built in the brand, offset by consumers that might leak and say, I'll make a different choice at that price coming back with a deal or an offer to motivate them to stay. And so the process and precision around getting those calendars and promotional activity just right represents brands that are doing a little better than others in the marketplace. But that's what's going on. So when you ask the question about pricing power across the menu, it's a complex answer tied into mix and trades and add-on sales and premium offers sort of all blended into one. It's not as simple as a barbell strategy, but there's a lot that goes into the market planning and co-op management throughout different regions of the country where there's different sensitivities. Beyond is really a consumer expectation. You have those that are already opting out for worry about what goes in it to make it. That would be the kind of crowd that doesn't want genetically modified corn that's been around for 100 years. And there will be those others that don't want anything modified, and so they're not drawn to this product. The others say, but I want a hamburger or something that tastes like one, but I don't want red meat. So it is a consumer preference. We think consumers should make their own adult decisions and make their own choice. And as long as we're responsible and transparent in menu merchandising, this, we think, will be here for a while. We don't know. I'm usually pretty good at predicting fads and trends. But this one we'll wait and see. But there's two front-runners in the market that are dominating the news and getting quite a bit of trial. And so we didn't think we should be at the bleeding edge, but we shouldn't be left behind either, and so that's why the test. The M&A activity, because there's really nothing actionable other than just the clarity in the script here to say that we do these kinds of things on a regular basis, I would say if I were to give any more color to it, it'd be along the lines of our discussions, and those discussions basically say it ought to complement our portfolio, and that's about as far as we've gotten. So hopefully, that adds a little bit of an answer to your question if we were ever to do anything. And again, these conversations have been around for quite a number of years. And so far, there's not been a compelling reason to do that. But it's always in the consideration set. And then the last question was around franchising, I apologize -- Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Franchisee convention -- John Miller -- President and Chief Executive Officer Convention, the convention. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Key takeaways. John Miller -- President and Chief Executive Officer Key takeaways. I'd say the key takeaway there is there was great attendance, a very positive vibe. One of the funnest parts of the convention is always the fireside chat where we take questions on what people are feeling out there this year. The questions were around the very questions that you have. What's going on with the consumer? How much dealing will persist from competitors? How do we hold on to our share? Those kinds of questions. But it's a very positive convention. I think the key takeaways are that more and more people are happy to be in the system. There seems to be more momentum for scale in our system than there has been in the past. And quite a bit of interest to people that are smaller, they would like to become larger in the Denny's system. Other key takeaways, Mark, to add to that? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer I think that covers it, John. A lot of very, very positive energy. Brett Levy -- MKM Partners -- Analyst Thank you very much. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Thanks, Brett. Operator [Operator instructions] We'll now take our next question from Todd Brooks from CL King & Associates. Please go ahead. Todd Brooks -- C.L. King and Associates -- Analyst Good evening thanks for taking my questions First question would be if you look at the off-premise penetration, kind of sticking at that 11% level. I know you talked about 88% of the system being engaged with at least one partner. As you think about where off-premise can go as a percent of sales and if you can talk about maybe stores that are engaged with multiple partners and seeing what that lifts the penetration to when you use more than one partner. John Miller -- President and Chief Executive Officer Sure. Well, the multiple partners do a little bit better on the averages. It is more complex. So higher-volume restaurants are drawn to it a little more because they have staffing and the slighter-volume restaurants are a little concerned about it for the off-peak shifts where they can be caught missing a transaction. If you have multiple tablets sitting at the front desk on a slow night, the fear of missing an order, making somebody angry has been other concern, just a transitional concern as we learn how to get good at it. But the stores that are good at it and manage multiple devices are sort of teaching the rest of the system how to do it. And the adoption rate has sort of stepped up with every passing quarter. We're now at 88%. I think that can get into the mid-90s over time. And I think 11% total to go, it does have a limit. I don't know what that is. I would suspect that somewhere around the middle of the upper teens, somewhere in that range, you'd start to go, that's pretty good right there. And to drive it beyond that might mean your business model has altered more than you wanted to. We are not necessarily pushing to get there at some accelerated rate but rather watching the margins and the investment and the complexity. And as technology improves for integration between tablets and automatically getting orders to the kitchen, we want to push more of those habits to those devices rather than have all you can get at the moment. We think we have a very good start, and then we'll just continue to train the guest to use the more convenient, more reliable versions for the benefit of service and frankly margin and then continue to sort of build it from there. But I do believe this 11% will continue to modestly expand. Todd Brooks -- C.L. King and Associates -- Analyst Great. And then secondly, on the refranchising process and the fact that we're getting toward the end of the process as we get toward the end of 2019. What at this point drives the outcome of refranchising 115 units versus 125? Is this, OK, these are some of our crown jewels that we wanted to keep, the people are coming and they're willing to pay up for them and we would sell those incremental 10 units? So what at this point drives where we land in that 115 to 125 spectrum? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer It's a very good question, Todd, because obviously, we're coming to the end. I think you classified it correctly. I think what we're seeing is that, one, the demand for these units has been very strong. And it's not unusual as we -- or it wasn't unusual as we went through the process to have multiple bids from multiple franchisees for the same group of stores. And so high demand, both West Coast, East Coast, Mid Central U.S. But at the same time, we've maintained a pretty strong discipline around multiples and around development agreements. So again, it has to meet certain criteria. And so, I think from our standpoint, we've got obviously a few transactions left to get up into that range of sort of final numbers. But ultimately, it's going to be driven by the focus on stakeholder value and what makes sense from a multiple standpoint and the development agreement standpoint. So as an example, if we were doing a transaction, this is hypothetical only, we're doing a transaction where the multiple, the bids that came in didn't meet our multiple criteria and/or the development agreement number did not meet our criteria, we would give it a second hard look by the transaction team here internally. But again, overall, the program, we've seen high demand from franchisees, both inside and outside the system. And to your point, this thing is close to being wrapped up. Todd Brooks -- C.L. King and Associates -- Analyst OK. Great. And a final quick question. I know, historically, in times of kind of disaster-related upheaval, there's puts and takes to the impact on restaurants as far as being a place for people to go through without power, but at the same time, there's a lot of disruption in California right now. Can you just maybe talk qualitatively about the impact to the California store base based on the wildfire trends this year? John Miller -- President and Chief Executive Officer Yeah. So first of all, philosophically, we're not one to rush to excuses when there's trouble. So you rarely get us talking about weather or fire or hurricane-type impacts unless there's really enough materiality to it -- to call attention to it. The -- to the extent that there's an issue with any particular unit, we do have about a quarter of our brand based in California. So it's a good question to qualify what the impact could be. So I would say, so far, to the extent that there's any challenges of traffic or groups cut off or access to daily routines to dine with us has not been evident in any material way at this stage. And there -- when there are impacts in a handful of locations, there's usually a corresponding cabin fever effect on the other side of it that makes up for it. So I'd say, for us, right now, we're not -- we don't see anything to call attention to at this age to making me very nervous. Todd Brooks -- C.L. King and Associates -- Analyst Great. Thanks for your time. Operator There are no further questions in the queue at this time. I'd like to pass the call back to Curt Nichols for any closing remark. Curt Nichols -- Senior Director of Investor Relations Thank you, Chanayde. I'd like to thank everyone for joining us on today's call. We look forward to our nextearnings conference callin February, during which we will discuss our fourth quarter 2019 results. Thank you, and have a great evening. Operator [Operator signoff] Duration: 49 minutes Call participants: Curt Nichols -- Senior Director of Investor Relations John Miller -- President and Chief Executive Officer Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Will Slabaugh -- Stephens Inc. -- Analyst Nick Setyan -- Wedbush Securities -- Analyst Michael Tamas -- Oppenheimer and Company -- Analyst Brett Levy -- MKM Partners -- Analyst Todd Brooks -- C.L. King and Associates -- Analyst More DENN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribing has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Our learning and development team continues to create and deploy progressive curriculum to the Denny's system through our ignite and e-learning platform, which is currently focused on our Delight and Make it Right service initiatives. Denny's (NASDAQ: DENN) Q3 2019 Earnings Call Oct 29, 2019, 4:30 p.m. Operator Good day and welcome to the Denny's third-quarter 2019earnings conference call Today's conference is being recorded.	Thank you for joining us for Denny's third-quarter 2019earnings conference call With me today from management are John Miller, Denny's president and chief executive officer; and Mark Wolfinger, Denny's executive vice president, chief administrative officer, and chief financial officer. Denny's (NASDAQ: DENN) Q3 2019 Earnings Call Oct 29, 2019, 4:30 p.m. Operator Good day and welcome to the Denny's third-quarter 2019earnings conference call Today's conference is being recorded.	Thank you for joining us for Denny's third-quarter 2019earnings conference call With me today from management are John Miller, Denny's president and chief executive officer; and Mark Wolfinger, Denny's executive vice president, chief administrative officer, and chief financial officer. Denny's (NASDAQ: DENN) Q3 2019 Earnings Call Oct 29, 2019, 4:30 p.m. Operator Good day and welcome to the Denny's third-quarter 2019earnings conference call Today's conference is being recorded.	Denny's (NASDAQ: DENN) Q3 2019 Earnings Call Oct 29, 2019, 4:30 p.m. Operator Good day and welcome to the Denny's third-quarter 2019earnings conference call Today's conference is being recorded. Thank you for joining us for Denny's third-quarter 2019earnings conference call With me today from management are John Miller, Denny's president and chief executive officer; and Mark Wolfinger, Denny's executive vice president, chief administrative officer, and chief financial officer.	ea15abd8-e4dc-4229-94aa-9ab648dde184
727337.0	2019-10-14 00:00:00 UTC	Denny's Becomes Oversold (DENN)	DENN	https://www.nasdaq.com/articles/dennys-becomes-oversold-denn-2019-10-14	nan	nan	Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Monday, shares of Denny's Corp (Symbol: DENN) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $21.48 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 57.3. A bullish investor could look at DENN's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DENN shares: Looking at the chart above, DENN's low point in its 52 week range is $14.02 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.51. Find out what 9 other oversold stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In trading on Monday, shares of Denny's Corp (Symbol: DENN) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $21.48 per share. A bullish investor could look at DENN's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DENN shares: Looking at the chart above, DENN's low point in its 52 week range is $14.02 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.51.	A bullish investor could look at DENN's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DENN shares: Looking at the chart above, DENN's low point in its 52 week range is $14.02 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.51. In trading on Monday, shares of Denny's Corp (Symbol: DENN) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $21.48 per share.	In trading on Monday, shares of Denny's Corp (Symbol: DENN) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $21.48 per share. A bullish investor could look at DENN's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DENN shares: Looking at the chart above, DENN's low point in its 52 week range is $14.02 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.51.	In trading on Monday, shares of Denny's Corp (Symbol: DENN) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $21.48 per share. A bullish investor could look at DENN's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DENN shares: Looking at the chart above, DENN's low point in its 52 week range is $14.02 per share, with $23.88 as the 52 week high point — that compares with a last trade of $21.51.	e985c387-9219-41ae-9762-b83d7b630682
727338.0	2019-09-19 00:00:00 UTC	Consumer Sector Update for 09/19/2019: BRFS,TGT,DENN,OSTK	DENN	https://www.nasdaq.com/articles/consumer-sector-update-for-09-19-2019%3A-brfstgtdennostk-2019-09-19	nan	nan	Top Consumer Stocks WMT +0.09% MCD +0.17% DIS -2.26% CVS +0.61% KO +0.50% Consumer stocks were little changed in late trade, with the shares of consumer staples companies in the S&P 500 climbing about 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.1%. Among consumer stocks moving on news: (-) BRF SA (BRFS) declined almost 3% on Thursday after the packaged meats company completed its cash tender offer for three series of its senior notes, retiring just over $357 million of its outstanding long-term debt. The holders of EUR175.2 million, or about 35%, of its outstanding 2.75% senior notes due 2022 tendered those notes by Wednesday's deadline, the company said. Investors also tendered $154 million - or nearly 31% - of its 3.95% senior notes due 2023 but only $9.4 million - or less than 8% - of its 5.875% maturing in 2022. In other sector news: (+) Denny's (DENN) climbed 1.5% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. (+) Target (TGT) rose nearly 1% on Thursday after the discount retailer increased its stock buyback program by another $5 billion. The new funds add to Target's existing $5 billion share-purchase program that the company expects to complete by the end of its FY20 in late January. The company also declared a $0.66 per share quarterly dividend, unchanged from its most recent distribution and payable Dec. 10 to investors of record on Nov. 20. (-) Overstock.com (OSTK) was 3% lower in late trade, erasing most of a nearly 9% decline soon after Thursday's opening bell that followed a new regulatory filing showing former CEO Patrick Byrne this week sold his remaining 4.8 million shares of the online retailer's common stock. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In other sector news: (+) Denny's (DENN) climbed 1.5% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. Among consumer stocks moving on news: (-) BRF SA (BRFS) declined almost 3% on Thursday after the packaged meats company completed its cash tender offer for three series of its senior notes, retiring just over $357 million of its outstanding long-term debt. (-) Overstock.com (OSTK) was 3% lower in late trade, erasing most of a nearly 9% decline soon after Thursday's opening bell that followed a new regulatory filing showing former CEO Patrick Byrne this week sold his remaining 4.8 million shares of the online retailer's common stock.	In other sector news: (+) Denny's (DENN) climbed 1.5% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. Consumer stocks were little changed in late trade, with the shares of consumer staples companies in the S&P 500 climbing about 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.1%. The holders of EUR175.2 million, or about 35%, of its outstanding 2.75% senior notes due 2022 tendered those notes by Wednesday's deadline, the company said.	In other sector news: (+) Denny's (DENN) climbed 1.5% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. Consumer stocks were little changed in late trade, with the shares of consumer staples companies in the S&P 500 climbing about 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.1%. Among consumer stocks moving on news: (-) BRF SA (BRFS) declined almost 3% on Thursday after the packaged meats company completed its cash tender offer for three series of its senior notes, retiring just over $357 million of its outstanding long-term debt.	In other sector news: (+) Denny's (DENN) climbed 1.5% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. Consumer stocks were little changed in late trade, with the shares of consumer staples companies in the S&P 500 climbing about 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.1%. Among consumer stocks moving on news: (-) BRF SA (BRFS) declined almost 3% on Thursday after the packaged meats company completed its cash tender offer for three series of its senior notes, retiring just over $357 million of its outstanding long-term debt.	e94bc9ae-414e-40d1-99b4-d112c6888801
727339.0	2019-09-19 00:00:00 UTC	Consumer Sector Update for 09/19/2019: TGT,DENN,OSTK	DENN	https://www.nasdaq.com/articles/consumer-sector-update-for-09-19-2019%3A-tgtdennostk-2019-09-19	nan	nan	Top Consumer Stocks WMT +0.39% MCD +0.48% DIS -2.15% CVS +1.09% KO +0.35% Consumer stocks were posting small gains in recent trade, with shares of consumer staples companies in the S&P 500 climbing less than 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 rose more than 0.1%. Among consumer stocks moving on news: (+) Target (TGT) rose nearly 1% on Thursday after the discount retailer increased its stock buyback program by another $5 billion. The new funds add to Target's existing $5 billion share-purchase program that the company expects to complete by the end of its FY20 in late January. The company also declared a $0.66 per share quarterly dividend, unchanged from its most recent distribution and payable Dec. 10 to investors of record on Nov. 20. In other sector news: (+) Denny's (DENN) climbed 1% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. (-) Overstock.com (OSTK) was 1.6% lower, erasing most of a nearly 9% decline soon after Thursday's opening bell that followed a new regulatory filing showing former CEO Patrick Byrne this week sold his remaining 4.8 million shares of the online retailer's common stock. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In other sector news: (+) Denny's (DENN) climbed 1% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. The new funds add to Target's existing $5 billion share-purchase program that the company expects to complete by the end of its FY20 in late January. (-) Overstock.com (OSTK) was 1.6% lower, erasing most of a nearly 9% decline soon after Thursday's opening bell that followed a new regulatory filing showing former CEO Patrick Byrne this week sold his remaining 4.8 million shares of the online retailer's common stock.	In other sector news: (+) Denny's (DENN) climbed 1% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. Top Consumer Stocks Consumer stocks were posting small gains in recent trade, with shares of consumer staples companies in the S&P 500 climbing less than 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 rose more than 0.1%.	In other sector news: (+) Denny's (DENN) climbed 1% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. Consumer stocks were posting small gains in recent trade, with shares of consumer staples companies in the S&P 500 climbing less than 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 rose more than 0.1%. Among consumer stocks moving on news: (+) Target (TGT) rose nearly 1% on Thursday after the discount retailer increased its stock buyback program by another $5 billion.	In other sector news: (+) Denny's (DENN) climbed 1% after Oppenheimer Thursday began analyst coverage of the restaurant chain with an outperform rating and $23 price target. Consumer stocks were posting small gains in recent trade, with shares of consumer staples companies in the S&P 500 climbing less than 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 rose more than 0.1%. Among consumer stocks moving on news: (+) Target (TGT) rose nearly 1% on Thursday after the discount retailer increased its stock buyback program by another $5 billion.	e0ea5a65-5931-45a9-82c1-f5456999b834
727340.0	2019-09-16 00:00:00 UTC	7 Restaurant Stocks to Put on Your Plate	DENN	https://www.nasdaq.com/articles/7-restaurant-stocks-to-put-on-your-plate-2019-09-16	nan	nan	With the generally pessimistic and sometimes sensational headlines surrounding the U.S.-China trade war, it may surprise some that viable investment sectors exist. Even more surprising are some of the market segments experiencing positive sentiment. For instance, restaurant stocks are charging significantly higher than they were at the beginning of the year. Don’t take my word for it: check out the sector benchmark Dow Jones US Restaurants & Bars Index. On a year-to-date basis, the index is up over 30%. And while the broader Dow Jones Industrial Average is no slouch at nearly 16% YTD, the performance difference is clear. So what’s driving enthusiasm toward restaurant stocks? One explanation is that geopolitical headwinds are still too high level to impact most Americans. Yes, the trade war situation is absolutely crucial. Right now, the U.S. and China have agreed to a truce, not a trade deal. Still, the fallout from poor relations with China have not generated significant watercooler conversations. The second and more important point is that restaurant stocks have similar traits to so-called vice or sin investments. No matter what is going on with the economy, people need an outlet. Usually, going out to eat represents a relatively cheap form of entertainment. It’s also an excursion that families can control. A major reason why professional sports attendance is declining is due to rising costs. However, families can choose which eateries to attend based on their cost preferences. Therefore, restaurant stocks have outpaced other event or entertainment-based investments. Finally, the National Restaurant Association forecasts a strong year for restaurant stocks. Better yet, every subsegment except one should experience a year-over-year uptick. With that, here are seven restaurant stocks to put on your plate: Wendy’s (WEN) Source: Often lost in the mix behind big marquee names like McDonald’s (NYSE:) or Burger King, Wendy’s (NASDAQ:) is still a name you shouldn’t ignore. For one thing, the performance of WEN stock has done nothing but impress onlookers. Since the January opener, shares have soared nearly 28%. Better yet, if you’re a big proponent of technical analysis, you can still make a bullish case for WEN stock. According to some , shares of the fast-food joint have a shot at moving past $26. Given the WEN stock price of $20.17, that would represent a sizable 33% swing. But more importantly, WEN stock enjoys fundamental justification for such a move higher. While the company has successfully brought in more people, they’re gaining traction on another component: getting their customers to open their wallets deeper for . It’s no accident that profitability margins have improved in the second quarter of 2019. If that continues, look for WEN stock to gain accordingly. Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. But we also have to bring up another important angle. Comfort food isn’t a bad gig, no matter what the market condition. As far as I’m aware, every single Denny’s location is open 24 hours. Thus, if your night out extended a bit too long, there’s Denny’s. Also, many people go straight to Denny’s to sober up after clubbing. If the job market is stable — which it is right now — the company benefits from being one of few eateries open at odd hours. In turn, that supports DENN stock. Also, we should see a of people hitting the road this summer. Invariably, that involves families stopping over to grab a bite to eat. And because we might see an unusually high uptick this year, that should play into higher valuations for DENN stock. Lastly, Denny’s is cheap. So if we do have a downturn in the economy, DENN stock might avoid the brunt of the damage. Darden Restaurants (DRI) Source: A powerhouse name among restaurant stocks, Darden Restaurants (NYSE:) is enjoying a strong first half of the year. Since the beginning of January, DRI stock is up more than 25%. Moreover, some of the same conditions that will likely benefit Denny’s should also drive up Darden Restaurants. For one thing, Darden levers some of the most coveted names in sit-down restaurants. Not only that, its coverage is one of the most diverse when compared to other restaurant stocks. For comfort food, Darden owns the Olive Garden and Longhorn Steakhouse brands. But they also address consumers with more sophisticated tastes with brands like Seasons 52. This should help bring in the goods for DRI stock in terms of revenue and profitability. In fact, that’s what we’re seeing. Over the past few years, revenue has strongly moved higher. But earnings have also increased accordingly, which bolsters the case for DRI stock. In addition, because Darden offers multiple brands across the price spectrum, they’ll enjoy the benefits of the aforementioned travel bump. Dunkin’ Brands (DNKN) Source: Dunkin’ Brands (NASDAQ:) is another name among restaurant stocks that’s killing it so far this year. Since January’s opening price, DNKN stock is up 28%. Undoubtedly, a major reason why is its coffee: worker bees love its coffee and Dunkin’ Brands dishes up some delectable cups. Furthermore, the commodities market have had their say in DNKN stock. Although coffee prices have recently spiked up, they are still deflated relative to prior years’ average prices. Theoretically, this should help Dunkin’ in terms of its bottom line. Of course, no company can depend solely on fortuitous circumstances. What investors in restaurant stocks will key in on is management’s push to . To this end, they’ve embraced popular apps like Apple’s (NASDAQ:) Pay. Dunkin’ has also advantaged the consumer-tech firm’s iMessage platform to further engage with their young clientele. It’s a move that makes perfect sense for DNKN stock. Over the next several years, millennials will represent the in the U.S. They’ll need lots of coffee and serving their needs is the most logical action they can take. Jack in the Box (JACK) Source: I’m going to cut straight to the chase. Out of the restaurant stocks specializing in fast food, Jack in the Box (NASDAQ:) is probably the riskiest. Back in December, management announced a “strategic review” of its financing options. That normally entails a sale of the company. However, no one is buying, which raises eyebrows for JACK stock. Another problem is between franchisees and corporate leadership. The former is concerned that the latter is merely focusing on nearer-term goals, like the JACK stock price. They argue that the organization should consider longer-term goals, especially to address the needs of millennial consumers. Although I don’t have skin in this game, I find myself agreeing with the franchisees. As a San Diego-based company, Jack in the Box has a strong presence on the west coast. That’s ideal since this region is always high in demand. Moreover, Jack also has several locations in , which is experiencing an influx of people. That might bother the locals. However, if you’re thinking about speculating on JACK stock, the population shift brings up an interesting argument. Dave & Buster’s Entertainment (PLAY) Source: Shutterstock Right now, the absolute riskiest name among major restaurant stocks is Dave & Buster’s Entertainment (NASDAQ:). Unfortunately, extremely volatility visited PLAY stock after the underlying company posted disappointing Q1 earnings results. It suffered a decline in comparable-store sales, and management adjusted down full-year guidance. However, it wasn’t all bad news. Dave & Buster’s brought in sales of $363.6 million, up 9.5% from the year-ago quarter. Additionally, management opened seven new stores, up one from Q1 2018. That, however, was not enough to spare PLAY stock a huge double-digit loss. Still, I think the markets’ response toward PLAY stock is greatly exaggerated. For one thing, Dave & Buster’s provides a natural outlet to soak up demand that’s . My argument is that people still need physical entertainment venues: Dave & Buster’s has an opportunity to capitalize on this dynamic if it plays its marketing cards right. Chanticleer Holdings (BURG) Source: Shutterstock Before you think about taking a gamble on Chanticleer Holdings (NASDAQ:), you should know that it’s an extremely speculative name. With BURG stock trading hands at just above $0.50, this isn’t something that you bank your retirement savings on. And although its financials are improving somewhat, it’s still a rough picture. So why mention Chanticleer? Simply put, the company has some attractive brands. On one end, Chanticleer covers the decadence angle with its popular Hooters restaurants. Chanticleer is also well known (or perhaps notorious) for American Burger Co’s “.” That’s four cheeseburgers in one. But on the other end, the holding company owns brands like Little Big Burger, Just Fresh and BGR. These names definitely cater to millennials and health-conscious consumers. Thus, BURG stock has something for everyone. Historically, this widespread approach hasn’t helped BURG stock. However, shares have ticked up since early June. Again, this is a big risk: only buy it with gambling money that you can afford to lose. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. The post appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. As far as I’m aware, every single Denny’s location is open 24 hours.	Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. As far as I’m aware, every single Denny’s location is open 24 hours.	Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. As far as I’m aware, every single Denny’s location is open 24 hours.	And because we might see an unusually high uptick this year, that should play into higher valuations for DENN stock. Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else.	1211c0b7-eeaf-40ae-8a5c-c457f1bbfbd2
727341.0	2019-08-22 00:00:00 UTC	Splunk Smashes Estimates and Makes a Big Acquisition	DENN	https://www.nasdaq.com/articles/splunk-smashes-estimates-and-makes-a-big-acquisition-2019-08-22	nan	nan	Splunk (NASDAQ: SPLK) announced fiscal second-quarter 2020 results on Wednesday after the market closed. If absolutely trouncing expectations, showing fast progress in its transition to a renewable software model, and raising guidance for the third time this year weren't enough, the operational intelligence platform specialist also unveiled a 10-figure acquisition that should extend its industry leadership that much more. Let's dive in for a better idea of how Splunk finished the first half, as well as what we should be watching in the coming quarters. IMAGE SOURCE: GETTY IMAGES. Splunk results: The raw numbers Data source: Splunk. For the quarter ended July 31, 2019. GAAP = generally accepted accounting principles. What happened with Splunk this quarter? Revenue was far above guidance provided in May for approximately $485 million. Adjusted for items like stock-based compensation and acquisition expenses, Splunk generated (non-GAAP) net income of $46.6 million, or $0.30 per share -- also far above estimates for $0.12 per share. Adjusted operating margin was 9%, absolutely shaming Splunk's guidance for the metric to arrive at roughly 3%. License revenue grew 39.2% to $279.3 million, while maintenance and services revenue jumped 26.5% to $237.3 million. Within those totals, software revenue soared 46% to $350 million. Splunk generated operating cash flow of negative $129 million and free cash flow of negative $141 million. Splunk added nearly 500 new enterprise customers during the quarter. Notable new and expanded customers relationships included ABB, Denny's, Duke University, Harvard Business School, DoorDash, Penn State University, Verizon Media Group, and Zoom. In a separate press release Wednesday, Splunk announced it has agreed to acquire cloud-monitoring specialist SignalFX for a total price of $1.05 billion, to be paid with roughly 60% in cash and 40% in Splunk common stock. Assuming it passes regulatory muster, the purchase should close in the second half of this fiscal year. What management had to say "I am excited by our strong quarter, tremendous cloud growth, and our agreement to acquire SignalFx," stated Splunk CEO Doug Merritt. "I am particularly pleased with how quickly we are accelerating our business transformation to cloud, and the impact cloud is having on our customers." More specifically regarding the SignalFX deal, Merritt elaborated: Data fuels the modern business, and the acquisition of SignalFX squarely puts Splunk in position as a leader in monitoring and observability at massive scale. SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application lifecycle. We are also incredibly impressed by the SignalFx team and leadership, whose expertise and professionalism are a strong addition to the Splunk family. "With year-over-year revenue growth of 80% and ARR now over $300 million, the strength of our cloud business is driving a faster transition to a renewable software model," added Splunk CFO Jason Child. "By the end of the year, we expect that virtually all new software sales will be cloud or term license-based." Looking forward For the third quarter of fiscal 2020, Splunk sees revenue arriving at approximately $600 million -- around $10 million higher than most investors had expected -- with adjusted operating margin expanding to 16%. Perhaps unsurprisingly, Splunk followed by increasing its full fiscal-year outlook to call for revenue of $2.30 billion (up from $2.25 billion before). Splunk also reiterated its target for fiscal 2020 adjusted operating margin to be roughly 14%. From its massive quarterly outperformance to raised guidance and an exciting acquisition to boot, there was little not to love about this report from Splunk -- apart from, perhaps, the modest dilution shareholders will endure for the stock portion of the purchase price helping fund the latter. And while it remains to be seen how the market will react with shares already trading near an all-time high leading into yesterday's close, there's no denying the enviable momentum Splunk's underlying business is riding right now. 10 stocks we like better than Splunk When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Splunk wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Steve Symington has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Splunk and Zoom Video Communications. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Notable new and expanded customers relationships included ABB, Denny's, Duke University, Harvard Business School, DoorDash, Penn State University, Verizon Media Group, and Zoom. If absolutely trouncing expectations, showing fast progress in its transition to a renewable software model, and raising guidance for the third time this year weren't enough, the operational intelligence platform specialist also unveiled a 10-figure acquisition that should extend its industry leadership that much more. "With year-over-year revenue growth of 80% and ARR now over $300 million, the strength of our cloud business is driving a faster transition to a renewable software model," added Splunk CFO Jason Child.	Notable new and expanded customers relationships included ABB, Denny's, Duke University, Harvard Business School, DoorDash, Penn State University, Verizon Media Group, and Zoom. Splunk generated operating cash flow of negative $129 million and free cash flow of negative $141 million. Looking forward For the third quarter of fiscal 2020, Splunk sees revenue arriving at approximately $600 million -- around $10 million higher than most investors had expected -- with adjusted operating margin expanding to 16%.	Notable new and expanded customers relationships included ABB, Denny's, Duke University, Harvard Business School, DoorDash, Penn State University, Verizon Media Group, and Zoom. In a separate press release Wednesday, Splunk announced it has agreed to acquire cloud-monitoring specialist SignalFX for a total price of $1.05 billion, to be paid with roughly 60% in cash and 40% in Splunk common stock. "With year-over-year revenue growth of 80% and ARR now over $300 million, the strength of our cloud business is driving a faster transition to a renewable software model," added Splunk CFO Jason Child.	Notable new and expanded customers relationships included ABB, Denny's, Duke University, Harvard Business School, DoorDash, Penn State University, Verizon Media Group, and Zoom. Splunk (NASDAQ: SPLK) announced fiscal second-quarter 2020 results on Wednesday after the market closed. What management had to say "I am excited by our strong quarter, tremendous cloud growth, and our agreement to acquire SignalFx," stated Splunk CEO Doug Merritt.	308ba432-f8b7-4bdd-bd43-66b588d44ce5
727342.0	2019-08-08 00:00:00 UTC	DENN Crosses Above Average Analyst Target	DENN	https://www.nasdaq.com/articles/denn-crosses-above-average-analyst-target-2019-08-08	nan	nan	In recent trading, shares of Denny's Corp (Symbol: DENN) have crossed above the average analyst 12-month target price of $22.17, changing hands for $22.24/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 3 different analyst targets contributing to that average for Denny's Corp, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $21.00. And then on the other side of the spectrum one analyst has a target as high as $24.50. The standard deviation is $2.02. But the whole reason to look at the average DENN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DENN crossing above that average target price of $22.17/share, investors in DENN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $22.17 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Denny's Corp: The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DENN — FREE. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In recent trading, shares of Denny's Corp (Symbol: DENN) have crossed above the average analyst 12-month target price of $22.17, changing hands for $22.24/share. But the whole reason to look at the average DENN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DENN crossing above that average target price of $22.17/share, investors in DENN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $22.17 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?	In recent trading, shares of Denny's Corp (Symbol: DENN) have crossed above the average analyst 12-month target price of $22.17, changing hands for $22.24/share. There are 3 different analyst targets contributing to that average for Denny's Corp, but the average is just that — a mathematical average. But the whole reason to look at the average DENN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.	There are 3 different analyst targets contributing to that average for Denny's Corp, but the average is just that — a mathematical average. And so with DENN crossing above that average target price of $22.17/share, investors in DENN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $22.17 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Denny's Corp (Symbol: DENN) have crossed above the average analyst 12-month target price of $22.17, changing hands for $22.24/share.	There are 3 different analyst targets contributing to that average for Denny's Corp, but the average is just that — a mathematical average. In recent trading, shares of Denny's Corp (Symbol: DENN) have crossed above the average analyst 12-month target price of $22.17, changing hands for $22.24/share. But the whole reason to look at the average DENN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.	868767ec-a5dc-4fa8-b2c9-188ba3aac732
727343.0	2019-07-01 00:00:00 UTC	7 Restaurant Stocks to Put on Your Plate	DENN	https://www.nasdaq.com/articles/7-restaurant-stocks-to-put-on-your-plate-2019-07-01	nan	nan	With the generally pessimistic and sometimes sensational headlines surrounding the U.S.-China trade war, it may surprise some that viable investment sectors exist. Even more surprising are some of the market segments experiencing positive sentiment. For instance, restaurant stocks are charging significantly higher than they were at the beginning of the year. Don’t take my word for it: check out the sector benchmark Dow Jones US Restaurants & Bars Index. On a year-to-date basis, the index is up over 24%. And while the broader Dow Jones Industrial Average is no slouch at 15% YTD, the performance difference is clear. So what’s driving enthusiasm toward restaurant stocks? One explanation is that geopolitical headwinds are still too high level to impact most Americans. Yes, the trade war situation is absolutely crucial. Right now, the U.S. and China have agreed to a truce, not a trade deal. Still, the fallout from poor relations with China have not generated significant watercooler conversations. The second and more important point is that restaurant stocks have similar traits to so-called vice or sin investments. No matter what is going on with the economy, people need an outlet. Usually, going out to eat represents a relatively cheap form of entertainment. It’s also an excursion that families can control. A major reason why professional sports attendance is declining is due to rising costs. However, families can choose which eateries to attend based on their cost preferences. Therefore, restaurant stocks have outpaced other event or entertainment-based investments. Finally, the National Restaurant Association forecasts a strong year for restaurant stocks. Better yet, every subsegment except one should experience a year-over-year uptick. With that, here are seven restaurant stocks to put on your plate: Wendy’s (WEN) Source: Often lost in the mix behind big marquee names like McDonald’s (NYSE:) or Burger King, Wendy’s (NASDAQ:) is still a name you shouldn’t ignore. For one thing, the performance of WEN stock has done nothing but impress onlookers. Since the January opener, shares have soared nearly 28%. Better yet, if you’re a big proponent of technical analysis, you can still make a bullish case for WEN stock. According to some , shares of the fast-food joint have a shot at moving past $26. Given the WEN stock price of $19.58, that would represent a sizable 33% swing. But more importantly, WEN stock enjoys fundamental justification for such a move higher. While the company has successfully brought in more people, they’re gaining traction on another component: getting their customers to open their wallets deeper for . It’s no accident that profitability margins have improved in the first quarter of 2019. If that continues, look for WEN stock to gain accordingly. Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. But we also have to bring up another important angle. Comfort food isn’t a bad gig, no matter what the market condition. As far as I’m aware, every single Denny’s location is open 24 hours. Thus, if your night out extended a bit too long, there’s Denny’s. Also, many people go straight to Denny’s to sober up after clubbing. If the job market is stable — which it is right now — the company benefits from being one of few eateries open at odd hours. In turn, that supports DENN stock. Also, we should see a of people hitting the road this summer. Invariably, that involves families stopping over to grab a bite to eat. And because we might see an unusually high uptick this year, that should play into higher valuations for DENN stock. Lastly, Denny’s is cheap. So if we do have a downturn in the economy, DENN stock might avoid the brunt of the damage. Darden Restaurants (DRI) Source: A powerhouse name among restaurant stocks, Darden Restaurants (NYSE:) is enjoying a strong first half of the year. Since the beginning of January, DRI stock is up over 24%. Moreover, some of the same conditions that will likely benefit Denny’s should also drive up Darden Restaurants. For one thing, Darden levers some of the most coveted names in sit-down restaurants. Not only that, its coverage is one of the most diverse when compared to other restaurant stocks. For comfort food, Darden owns the Olive Garden and Longhorn Steakhouse brands. But they also address consumers with more sophisticated tastes with brands like Seasons 52. This should help bring in the goods for DRI stock in terms of revenue and profitability. In fact, that’s what we’re seeing. Over the past few years, revenue has strongly moved higher. But earnings have also increased accordingly, which bolsters the case for DRI stock. In addition, because Darden offers multiple brands across the price spectrum, they’ll enjoy the benefits of the aforementioned travel bump. Dunkin’ Brands (DNKN) Source: Dunkin’ Brands (NASDAQ:) is another name among restaurant stocks that’s killing it so far this year. Since January’s opening price, DNKN stock is up 27%. Undoubtedly, a major reason why is its coffee: worker bees love its coffee and Dunkin’ Brands dishes up some delectable cups. Furthermore, the commodities market have had their say in DNKN stock. Although coffee prices have recently spiked up, they are still deflated relative to prior years’ average prices. Theoretically, this should help Dunkin’ in terms of its bottom line. Of course, no company can depend solely on fortuitous circumstances. What investors in restaurant stocks will key in on is management’s push to . To this end, they’ve embraced popular apps like Apple’s (NASDAQ:) Pay. Dunkin’ has also advantaged the consumer-tech firm’s iMessage platform to further engage with their young clientele. It’s a move that makes perfect sense for DNKN stock. Over the next several years, millennials will represent the in the U.S. They’ll need lots of coffee and serving their needs is the most logical action they can take. Jack in the Box (JACK) Source: I’m going to cut straight to the chase. Out of the restaurant stocks specializing in fast food, Jack in the Box (NASDAQ:) is probably the riskiest. Back in December, management announced a “strategic review” of its financing options. That normally entails a sale of the company. However, no one is buying, which raises eyebrows for JACK stock. Another problem is between franchisees and the corporate leadership. The former is concerned that the latter is merely focusing on nearer-term goals, like the JACK stock price. They argue that the organization should consider longer-term goals, especially to address the needs of millennial consumers. Although I don’t have skin in this game, I find myself agreeing with the franchisees. As a San Diego-based company, Jack in the Box has a strong presence in the west coast. That’s ideal since this region is always high in demand. Moreover, Jack also has several locations in , which is experiencing an influx of people. That might bother the locals. However, if you’re thinking about speculating on JACK stock, the population shift brings up an interesting argument. Dave & Buster’s Entertainment (PLAY) Source: Shutterstock Right now, the absolute riskiest name among major restaurant stocks is Dave & Buster’s Entertainment (NASDAQ:). Unfortunately, extremely volatility visited PLAY stock after the underlying company posted disappointing Q1 earnings results. It suffered a decline in comparable-store sales, and management adjusted down full-year guidance. However, it wasn’t all bad news. Dave & Buster’s brought in sales of $363.6 million, up 9.5% from the year-ago quarter. Additionally, management opened seven new stores, up one from Q1 2018. That, however, was not enough to spare PLAY stock a huge double-digit loss. Still, I think the markets’ response toward PLAY stock is greatly exaggerated. For one thing, Dave & Buster’s provides a natural outlet to soak up demand that’s . My argument is that people still need physical entertainment venues: Dave & Buster’s has an opportunity to capitalize on this dynamic if it plays its marketing cards right. Chanticleer Holdings (BURG) Source: Shutterstock Before you think about taking a gamble on Chanticleer Holdings (NASDAQ:), you should know that it’s an extremely speculative name. With BURG stock trading hands at just above $1, this isn’t something that you bank your retirement savings on. And although its financials are improving somewhat, it’s still a rough picture. So why mention Chanticleer? Simply put, the company has some attractive brands. On one end, Chanticleer covers the decadence angle with its popular Hooters restaurants. Chanticleer is also well known (or perhaps notorious) for American Burger Co’s “.” That’s four cheeseburgers in one. But on the other end, the holding company owns brands like Little Big Burger, Just Fresh and BGR. These names definitely cater to millennials and health-conscious consumers. Thus, BURG stock has something for everyone. Historically, this widespread approach hasn’t helped BURG stock. However, shares have ticked up since early June. Again, this is a big risk: only buy it with gambling money that you can afford to lose. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. The post appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. As far as I’m aware, every single Denny’s location is open 24 hours.	Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. As far as I’m aware, every single Denny’s location is open 24 hours.	Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. As far as I’m aware, every single Denny’s location is open 24 hours.	And because we might see an unusually high uptick this year, that should play into higher valuations for DENN stock. Denny’s (DENN) Source: Let’s face reality: When you’re considering a special night on the town, the name Denny’s (NASDAQ:) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else.	d29d28f3-7f77-451f-8090-7155e82fbbba
727344.0	2019-05-01 00:00:00 UTC	Denny's (DENN) Q1 2019 Earnings Call Transcript	DENN	https://www.nasdaq.com/articles/dennys-denn-q1-2019-earnings-call-transcript-2019-05-01	nan	nan	Image source: The Motley Fool. Denny's (NASDAQ: DENN) Q1 2019 Earnings Call April 30, 2019 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q1 2019earnings call Today's conference is being recorded. At this time, I would like to turn the conference over to Curt Nichols, senior director, investor relations. Please go ahead. Curt Nichols -- Senior Director, Investor Relations Thank you, Vicky, and good afternoon, everyone. Thank you for joining us for Denny's first-quarter 2019earnings conference call With me today from management are John Miller, Denny's president and chief executive officer; and Mark Wolfinger, Denny's executive vice president, chief administrative officer and chief financial officer. Please refer to our website at investor.dennys.com to find our first-quarter earnings press release along with any reconciliation of non-GAAP financial measures mentioned during this call. This call is being webcast, and an archive of the webcast will be available on our website later today. John will begin today's call with his introductory comments. Mark will then provide a recap of our first-quarter results, briefly comment on our annual guidance for 2019 and provide an update on our refranchising and development strategy. After that, we'll open it up for questions. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks Stock Advisor returns as of March 1, 2019 Before we begin, let me remind you that in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company knows that certain matters to be discussed by members of management during this call may constitute forward-looking statements. Management urges caution in considering its current trends and any outlook on earnings provided on this call. Such statements are subject to risks, uncertainties and other factors that may cause the actual performance of Denny's to be materially different from the performance indicated or implied by such statements. Such risks and factors are set forth in the company's most recent annual report on Form 10-K for the year ended December 26, 2018, and in any subsequent quarterly reports on Form 10-Q. With that, I will now turn the call over to John Miller, Denny's president and chief executive officer. John Miller -- President and Chief Executive Officer Thank you, Curt, and good afternoon, everyone. Denny's once again achieved positive domestic systemwide same-store sales growth and delivered enhanced operating margins, thanks to our team's unwavering commitment to our brand revitalization strategy. In the midst of our transition to a more highly franchised brand, I'm proud of our team for their continued focus on our vision of becoming the world's largest, most admired and beloved family of local restaurants while consistently executing against our strategic pillars. These pillars include, first, delivering a differentiated and relevant brand with a goal of perpetuating consistent same-store sales growth; second, operating great restaurants with consistent reliable service; third, expanding Denny's footprint throughout the U.S. and international markets; and fourth, driving profitable growth with a disciplined focus on costs and capital allocation for the benefit of our franchisees, employees and shareholders. These pillars are supported by our continued investments in technology and training along with close collaboration with our franchisees on virtually all brand initiatives. We continue to evolve our menu to meet guest expectations for higher-quality and more craveable products. Our latest core menu enhancements include new and improved premium chicken tenders with our signature Den sauce and a wild-caught haddock fillet with a buttery herb glaze. Our newest LTO menu features an array of new crepes, a Southwest Chorizo Burger and our Strawberry Pancake Puppies. We also continue to evolve our value platform with the latest addition of the Meat Lovers Slam, starting at $5.99. Our expanding off-premise strategy enables us to reach younger guests and increase our brand awareness. These off-premise sales represented approximately 12% of total sales at company and franchised restaurants during the first quarter, which is up from approximately 7% at the launch of Denny's On Demand in mid 2017. Delivery continues to drive the expansion of our off-premise business. We have observed a steady progression of company and franchised restaurants adding delivery channels over the last few quarters. The number of restaurants actively engaged with at least one delivery partner grew from approximately 71% of domestic system at the beginning of the quarter to approximately 79% by the end of the quarter. At the same time, the number of restaurants eligible for delivery grew from approximately 77% at the beginning of the quarter to approximately 89% by the end of the quarter. This means we have an opportunity to further grow our off-premise business as more restaurants eligible for delivery sign on to actively participate with delivery partners. These transactions continue to be incremental and deliver total margin rates from the low teens to upper 20s percents inclusive of the delivery fee. Our Heritage remodel program continues to perform well, consistently receiving favorable guest feedback and generating mid single-digit range sales lifts. During the first quarter, franchisees completed 44 remodels, and we completed one company remodel, resulting in approximately 83% of the system currently featuring the new Heritage image. This enhanced diner environment will continue to provide a significant tailwind for our brand revitalization strategy over the next several years. And our new Ignite e-learning system along with our latest Delight and Make it Right service programs have been well-received and are now rolling out to Denny's system. We remain focused on our franchisee collaboration as we work together to enhance our field training and coaching initiatives to better enable our operations teams to achieve their goals. These initiatives are primarily focused on delivering higher-quality menu offerings with a more consistent service experience. While we have made substantial progress thus far, we acknowledge opportunities remain in order to achieve our full potential. We are focused on closing the gaps to those expectations. Moving to development, our growth initiatives have led to over 350 new restaurant openings since the beginning of our revitalization efforts, representing approximately 20% of the current system. And franchisees opened two restaurants in the first quarter, including our first restaurant in Aruba. With regards to our refranchising and development strategy, we closed on the sale of three restaurants in the first quarter and have closed on an additional three restaurants so far in the second quarter, resulting in a total 14 restaurants sold since the announcement of our strategy last October. Additionally, we have moved 48 restaurants to assets held for sale, including the three restaurants we sold in April. Mark will provide more details on held for sale treatment in just a moment. We are very pleased with the interest from our franchise community and excited by the ultimate value this strategy will create. We will continue to provide more information on the details of these additional transactions in the coming quarters. We also closed on our first like kind exchange real estate transaction during the first quarter for approximately $5 million. As we look ahead, we remain committed to profitable system sales growth, market share gains, generating compelling returns on invested capital and maintaining our shareholder-friendly allocation of adjusted free cash flow toward share repurchases. Since the beginning of our share repurchase program in late 2010, we have allocated approximately $445 million toward share repurchases. In closing, we remain committed to our brand-enhancing strategies, including continued quality enhancements to our menu and Everyday Value focus and convenience of Denny's On Demand, investments in training to elevate the guest experience and our Heritage remodel program to drive consistent, profitable same-store sales growth for years to come. And at the same time, we are pleased with the start of our refranchising and real estate strategy. We will sell restaurants to develop focused franchisees, upgrade the quality of our real estate portfolio and rationalize business costs as we transition to a more asset-light business model and create additional stakeholder value. With that, I'll turn the call over to Mark Wolfinger, Denny's chief financial officer and chief administrative officer. Mark? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Thank you, John, and good afternoon, everyone. Our first-quarter highlights include growing domestic systemwide same-store sales by 1.3% and adjusted free cash flow by 44.7% to $7.2 million. Adjusted EBITDA was $20.6 million, and adjusted net income per share was $0.13. We ended the quarter with 1,705 total restaurants as Denny's franchisees opened two restaurants. These openings were offset by six franchised restaurant closings. Additionally, three company restaurants were sold to franchisees. Franchise and license revenue declined 2.2% to $52.9 million primarily due to lower occupancy revenue due to scheduled lease terminations and lower advertising revenue due to changes in certain international restaurants contribution arrangements. Franchise operating margin was 48.8%, compared to 47.2% in the prior-year quarter primarily due to a reduction in other direct costs, which is associated with our refranchising and development strategy and an improved occupancy margin. Moving to our company restaurants, sales were impacted by our refranchising and development strategy that resulted in a lower number of equivalent company restaurants. Consequently, sales were $98.5 million for the quarter or down approximately 2.6%. Company restaurant operating margin was 14.6%, compared to 14.2% in the prior-year quarter primarily due to pricing and an enhanced restaurant portfolio related to our refranchising and development strategy, partially offset by increases in minimum wages and third-party delivery costs. Total general and administrative expenses of $18.8 million were impacted by market valuation changes in our deferred compensation plan liabilities and share-based compensation expense. As we have noted before, corresponding valuation adjustments in deferred compensation plan assets is reflected in other nonoperating income. And as a result, these deferred compensation plan valuation changes have no impact on either net income or adjusted EBITDA. These results contributed to adjusted EBITDA of $20.6 million. Depreciation and amortization expense was approximately $300,000 lower at $6.2 million, primarily resulting from a lower number of equivalent company restaurants due to our refranchising and development strategy. Interest expense rose by approximately $800,000 to $5.4 million primarily due to rising interest rates and a higher average credit facility balance. Provision for income taxes was $4.7 million, reflecting an effective income tax rate of 23.1%. Adjusted net income per share was $0.13, compared to $0.15 in the prior-year quarter. Adjusted free cash flow after cash interests, cash taxes and cash capital expenditures was $7.2 million, compared to $5 million in the prior-year quarter primarily due to decreases in cash capital expenditures, partially offset by increase in cash interests. Cash capital expenditures of $7.8 million included approximately $4.7 million related to our first like kind real estate transaction in addition to expenditures for new construction and facilities maintenance. This compares to $12.6 million in the prior-year quarter, which included approximately $7.9 million, which was used to acquire five franchised restaurants. Our quarter-end debt-to-adjusted EBITDA leverage ratio was 3.02 times. And at the end of the quarter, we had approximately $312 million in total debt outstanding, including $283.5 million under our revolving credit facility. During the quarter, we allocated $8.9 million toward share repurchases. Additionally, in the quarter, the remaining shares from a $25 million accelerated share repurchase agreement initiated during the fourth quarter of 2018 were received. As a result, basic shares outstanding at the end of the quarter totaled 61 million shares. Subsequent to the completion of the ASR at the end of the first quarter in April 29, 2019, the company allocated an additional $12.9 million to share repurchases, resulting in $21.8 million allocated toward share repurchases year to date. And as of April 29, 2019, the company had approximately $107 million remaining in the authorized share repurchases under existing $200 million share repurchase authorization. Since the beginning of our share repurchase program in late 2010, we have allocated approximately $445 million to repurchase approximately 49 million shares at an average price of $9.15 per share, leading to a net reduction in our share count of approximately 39%. Based on first-quarter results and current expectations for 2019, we are reiterating our business outlook. As we have done in the past, we will revise our guidance expectations in connection with future quarterly earnings updates if needed. Now I would like to spend a few moments updating everyone on the status of our previously announced refranchising and development strategy. Further information can be found in the current investor presentation on our website. In October 2018, we announced a plan to migrate from 90% franchised business model to one that is between 95% and 97% franchised over a period of 18 months by selling between 90 and 125 total company restaurants with attached development agreements. While this transition to a lower-risk business model initially will have a dilutive impact on adjusted EBITDA, we anticipate an accretive impact on adjusted earnings per share and enhanced adjusted free cash flow. These accretive actions combined with refranchising proceeds are expected to enable us to generate more compelling returns for our shareholders. John mentioned in his comments that we have sold a total of 14 restaurants under this strategy. This total includes eight restaurants sold in the fourth quarter of last year, three restaurants sold during the first quarter of 2019 and another three restaurants sold thus far in the second quarter. In anticipation of additional refranchising transactions, we moved 48 company restaurants to the held for sale category in our balance sheet as of the end of the first quarter, including the three restaurants sold in April. As a reminder, our practice is to move assets to the held for sale category when we have a signed letter of intent and a high degree of confidence that the sale of specifically identified restaurants will occur in the near term. The pace of transactions is on schedule with our expectations, and we continue to be encouraged by the interest from the franchise community. Our 2019 adjusted EBITDA guidance of $95 million to $100 million versus just over $105 million in 2018 contemplates our anticipated volume and pace of transactions during the year. The EBITDA contribution of the restaurants we expect to sell, which will be partially offset by royalty revenue and some rental income, is also incorporated in our guidance. Further, we are beginning to rationalize approximately $10 million to $12 million of business costs, ultimately yielding to an adjusted EBITDA level that is similar to the results we delivered in 2018. Approximately 75% of the total cost rationalization will be captured in general and administrative expenses, a majority of which will trail our refranchising efforts. We expect to receive multiples in the range of four to five times EBITDA on these transactions, leading to a total pre-tax refranchising proceeds in excess of $100 million over the full refranchising process. We are just getting started, but the initial refranchising transactions do support our multiple expectations. While we continue operating a portfolio of company restaurants in our highest volume trade areas such as the Las Vegas Strip, our transition to a more asset-light business model is expected to reduce annual cash capital expenditures associated with maintenance and remodel costs by between $7 million and $10 million. The reduction in ongoing maintenance and remodel capital, coupled with refranchising proceeds and future royalty revenue on the associated development commitments, will further support our commitment to shareholder-friendly investments and returns, including a return of capital to our shareholders. We also anticipate moderately increasing our leverage from the current level of 3.02 times. We are excited to use this refranchising strategy to stimulate additional growth for our franchise partners and to attract new franchisees to the Denny's brand. We will also upgrade the quality of our real estate portfolio through a series of like-kind exchanges, anticipate generating approximately $30 million in proceeds from the sale of between 25% and 30% of the approximately 95 properties we currently own. Proceeds from the sale of real estate under lower-volume restaurants will be redeployed to acquire higher-quality real estate. Our 2019 cash capital expenditure guidance includes between $20 million and $25 million related to anticipated real estate acquisitions. We have a high degree of confidence in our ability to successfully execute this refranchising development strategy because the team that led our transition from a 60% franchised business to 90% franchised is still in place and actively leading our current transition to a more asset-light model. And again, as a reminder, following our refranchising efforts, we expect to generate similar adjusted EBITDA to 2018 through a rationalization of business costs while also enjoying the ongoing benefits of this new asset-light model. That wraps up our prepared remarks. I will now turn the call over to the operator to begin the Q&A portion of the call. Operator? Questions and Answers: Operator [Operator instructions] And now we'll go first to Will Slabaugh with Stephens. Will Slabaugh -- Stephens Inc. -- Analyst Just a quick housekeeping one first and perhaps on the first quarter. Wondering if you guys had much impact from the weather that we saw in California. We've been hearing a number of your peers say that the rains in middle part of the quarter impacted them a little bit, so curious on that. And any other impact that we may not be able to see, countershifts, etc., during the period? John Miller -- President and Chief Executive Officer Yes. Well, there were a couple of countershifts, if you recall, from last year's review. We had New Year's and Easter flip. And they more or less washed each other out, which is a little different than how they would have impacted us last year between Q1 and Q2. But in Q1 of this year, there really are none of that. And then I would say the same thing, we have about a quarter of the brand in California, we didn't see any significant weather. There was a lot of rain, but we're a 24-hour business, and I think our customers just treat it like another day in paradise. Will Slabaugh -- Stephens Inc. -- Analyst Good to hear. And then a question on value. You mentioned part of your evolving value platform launching the Meat Lovers Slam at $5.99. It seems like you've stayed pretty close or on that price point since about this time last year. Curious how that's been mixing as these Slams are even launching, how you're thinking about your value offer in general and what that's meant for the mix of the $2 $4 $6 $8. John Miller -- President and Chief Executive Officer Yes. The $2 $4 $6 $8, if you look at its peak and sort of average over time through 2016, would have been in that high teens to low 20s range, it's now below -- right around just above 14% the first quarter of this year, down about a point over Q1 last year. And so it's playing less of the lead role with the $5.99 Value Slam and Super Slam. And there is a $6.99 version of that, by the way, on the West Coast that most franchisees take advantage of there. So it's $5.99 national, but it's $6.99 in higher-priced markets with no tip credit. Will Slabaugh -- Stephens Inc. -- Analyst Got it. And just a follow-up on a comment that you made around delivery. I believe you said low teens to upper 20s margin inclusive of delivery fee. John Miller -- President and Chief Executive Officer That's right. Will Slabaugh -- Stephens Inc. -- Analyst I just want to clarify if that was a -- is that a store-level margin that you're getting on a delivery order? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Sorry, Will, it's Mark. Yes, that is basically at the store level. It does include delivery fees. And again, we're taking sort of mid to high teens and the low 20s range. And that's after COGS and labor. Will Slabaugh -- Stephens Inc. -- Analyst Got it. That's a better number than we've been hearing. So I just wanted to clarify that, and appreciate it. Congrats on the quarter, guys. Operator [Operator instructions] And we'll go next to Nick Setyan with Wedbush Securities. Nick Setyan -- Wedbush Securities -- Analyst Congrats on a great comp. Did you guys mention the price versus mix for these transactions? If not, would you mind disclosing that information? John Miller -- President and Chief Executive Officer Sure. I don't believe we mentioned it. So price is about 2.5 in Q1. The mix was positive, about 0.75 points or so. And then total comps came in at 1.3. That implies a little negative traffic in the quarter. Nick Setyan -- Wedbush Securities -- Analyst I appreciate it. Maybe any kind of geographic commentary on the comp, if any regions stood out versus the others. John Miller -- President and Chief Executive Officer Yes, sure. Great question, Nick. The strongest area was the Pacific Northwest, followed by California and then Texas and Arizona. So West and Southwest, and we had some softening in Florida. And then sort of, I'd say, we call the Mid-Atlantic, what do you call that, would be the toughest area. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Central. John Miller -- President and Chief Executive Officer Mid-Central. Ohio Valley. Nick Setyan -- Wedbush Securities -- Analyst Mark, the franchise margin, it was up more than I was anticipating. How should we think about that as the year progresses? I mean, I know it depends a lot on the timing of sales. But at least at this point, how should we think about the year in terms of franchise margin? Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Yes. I guess, Nick, I'd go -- obviously, we've got a current guidance range out there. First, I'll go to the annual guidance piece, and then I'll come back and answer your question on the quarter if I could. The current franchise margin guidance is 46.5% to 48%. That's our annual guidance. And a little bit to set that against where we ended last year, the entire year fiscal '18 was 47.6%. This particular quarter, there were a couple of things that affected it. One is obviously -- and we talked about this a little bit in the past is the property margin piece is obviously leases fall off of our balance sheet and don't get renewed. In many cases, those are relatively low-margin type of property income that's coming through. And so that obviously pushes the percentage margin up in a favorable fashion. The second piece in there is within the cost structure, we began to see some changes in the cost structure. I would say a chunk of that was due to continued changes in the field organization as we go through this franchise development strategy. And just to put it in perspective, within the quarter itself, there were 24 leases, approximately 25 leases that peeled off that were in the prior-year results. So again, that's a very low-margin business and it tends to push that margin up obviously on a percentage basis. But again, the current guidance range for the annual guidance is 46.5% to 48% on franchise margin. Operator And we have no further questions at this time. I'll turn the call back over to Curt Nichols for any additional or closing remarks. Curt Nichols -- Senior Director, Investor Relations Great. Thank you, Vicky. I'd like to thank everyone for joining us on today's call. We look forward to our nextearnings conference callin late July to discuss our second-quarter 2019 results. Thank you, and have a great evening. Operator [Operator signoff] Duration: 28 minutes Call Participants: Curt Nichols -- Senior Director, Investor Relations John Miller -- President and Chief Executive Officer Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Will Slabaugh -- Stephens Inc. -- Analyst Nick Setyan -- Wedbush Securities -- Analyst More DENN analysis This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Motley Fool Transcribing has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! Denny's once again achieved positive domestic systemwide same-store sales growth and delivered enhanced operating margins, thanks to our team's unwavering commitment to our brand revitalization strategy.	Thank you for joining us for Denny's first-quarter 2019earnings conference call With me today from management are John Miller, Denny's president and chief executive officer; and Mark Wolfinger, Denny's executive vice president, chief administrative officer and chief financial officer. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them!	Thank you for joining us for Denny's first-quarter 2019earnings conference call With me today from management are John Miller, Denny's president and chief executive officer; and Mark Wolfinger, Denny's executive vice president, chief administrative officer and chief financial officer. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them!	10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denny's wasn't one of them! Operator [Operator signoff] Duration: 28 minutes Call Participants: Curt Nichols -- Senior Director, Investor Relations John Miller -- President and Chief Executive Officer Mark Wolfinger -- Executive Vice President, Chief Administrative Officer, and Chief Financial Officer Will Slabaugh -- Stephens Inc. -- Analyst Nick Setyan -- Wedbush Securities -- Analyst More DENN analysis This article is a transcript of this conference call produced for The Motley Fool.	e0139fb1-5d64-4a12-aa7b-864822bbcccc
727345.0	2019-03-13 00:00:00 UTC	Commit To Buy Denny's Corp At $17.50, Earn 13.4% Annualized Using Options	DENN	https://www.nasdaq.com/articles/commit-buy-dennys-corp-1750-earn-134-annualized-using-options-2019-03-13	nan	nan	Investors considering a purchase of Denny's Corp (Symbol: DENN) stock, but cautious about paying the going market price of $17.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $17.50 strike, which has a bid at the time of this writing of $1.00. Collecting that bid as the premium represents a 5.7% return against the $17.50 commitment, or a 13.4% annualized rate of return (at Stock Options Channel we call this the YieldBoost ). Selling a put does not give an investor access to DENN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $17.50 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Denny's Corp sees its shares decline 0.8% and the contract is exercised (resulting in a cost basis of $16.50 per share before broker commissions, subtracting the $1.00 from $17.50), the only upside to the put seller is from collecting that premium for the 13.4% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $17.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August put at the $17.50 strike for the 13.4% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Denny's Corp (considering the last 251 trading day closing values as well as today's price of $17.66) to be 34%. For other put options contract ideas at the various different available expirations, visit the DENN Stock Options page of StockOptionsChannel.com. Top YieldBoost Puts of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors considering a purchase of Denny's Corp (Symbol: DENN) stock, but cautious about paying the going market price of $17.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $17.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August put at the $17.50 strike for the 13.4% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Denny's Corp (considering the last 251 trading day closing values as well as today's price of $17.66) to be 34%.	Selling a put does not give an investor access to DENN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $17.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August put at the $17.50 strike for the 13.4% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Denny's Corp (considering the last 251 trading day closing values as well as today's price of $17.66) to be 34%.	Selling a put does not give an investor access to DENN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. So unless Denny's Corp sees its shares decline 0.8% and the contract is exercised (resulting in a cost basis of $16.50 per share before broker commissions, subtracting the $1.00 from $17.50), the only upside to the put seller is from collecting that premium for the 13.4% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $17.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August put at the $17.50 strike for the 13.4% annualized rate of return represents good reward for the risks.	Investors considering a purchase of Denny's Corp (Symbol: DENN) stock, but cautious about paying the going market price of $17.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $17.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August put at the $17.50 strike for the 13.4% annualized rate of return represents good reward for the risks. For other put options contract ideas at the various different available expirations, visit the DENN Stock Options page of StockOptionsChannel.com.	ef18d41f-40b9-42af-a454-70dd5558226f
727346.0	2019-02-14 00:00:00 UTC	Denny's Grand-Slams Its Way Out of 2018	DENN	https://www.nasdaq.com/articles/dennys-grand-slams-its-way-out-2018-2019-02-14	nan	nan	American classic diner Denny's (NASDAQ: DENN) recently reported its full-year 2018 results, capitalizing on a rebounding restaurant industry and a generous consumer that's been spending lots of money on eating out. Since the start of 2018, the stock is up 32%, making it one of the better performers in a hypercompetitive sector. After another quarter of solid results, there could be more left in the tank for the casual-dining brand -- but some patience will be required. The 2018 high points Data source: Denny's. Adjusted revenue excludes impacts from revenue recognition changes. YOY = year over year. Denny's had several things going against it this year. Revenue and expense recognition changes associated with corporate tax reform at the end of 2017 created some uncertainty surrounding results. The restaurant industry overall has also been dealing with wage and food cost inflation, which weighs down the bottom line. Then there were ongoing remodels of outdated locations, which also bogged down the numbers. Nevertheless, earnings adjusted for one-time items notched a double-digit increase, because of cost controls, a lower tax rate, and higher same-store sales -- a combination of average guest ticket size and foot traffic. In fact, Denny's posted its eighth straight year of higher same-store sales, with the total company figure rising 0.8% during the year. While same-store figures were in line with the restaurant industry overall , what's impressive is that the chain was still positive even during the "restaurant recession" of 2016 and 2017 . Though flat-at-best foot traffic is still being managed through menu price increases, the positive figures have meant overall rising profitability for Denny's over the past decade. What's next for Denny's? For 2019, management sees same-store sales rising as much as 2% over 2018, though profits could come in lower as the company continues to update aging stores and transition more of its company-owned and -operated locations to franchisees. Through the first half of 2020, the diner plans to move from a 90%-franchised model to at least 95% franchised , selling anywhere from 90 to 125 of its 179 wholly owned stores to new and existing franchisees. That transition could cause some near-term pain, but offloading operating expenses to franchisees and relying on higher-profit margin royalty fees should boost the bottom line over the long term. Think McDonald's , which started down a similar path a few years ago. To be fair and transparent, I've been grumpy about restaurant stocks for a while, and some of the industry's troubles with overall declining foot traffic resulting from overexpansion is probably weighing on Denny's, too. However, Denny's is not part of the "growth-at-any-cost" plague, as it plans to keep its number of locations to net zero once again in 2019. Nevertheless, while this isn't a growth stock, the company does have a plan to unlock value over the long term. In the meantime, there's $128 million left on the current share-repurchase plan, a significant sum that could boos t earnings per share in the year ahead, as the company's total market cap is currently just $1.1 billion. I'm not ready to go as far as to buy the stock, but with another solid year in the books and Denny's embarking on a plan to offload the operating tasks of more of its stores, I think the company is worth keeping an eye on. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 31, 2019 Nicholas Rossolillo and his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	American classic diner Denny's (NASDAQ: DENN) recently reported its full-year 2018 results, capitalizing on a rebounding restaurant industry and a generous consumer that's been spending lots of money on eating out. I'm not ready to go as far as to buy the stock, but with another solid year in the books and Denny's embarking on a plan to offload the operating tasks of more of its stores, I think the company is worth keeping an eye on. The 2018 high points Data source: Denny's.	In fact, Denny's posted its eighth straight year of higher same-store sales, with the total company figure rising 0.8% during the year. Though flat-at-best foot traffic is still being managed through menu price increases, the positive figures have meant overall rising profitability for Denny's over the past decade. American classic diner Denny's (NASDAQ: DENN) recently reported its full-year 2018 results, capitalizing on a rebounding restaurant industry and a generous consumer that's been spending lots of money on eating out.	In fact, Denny's posted its eighth straight year of higher same-store sales, with the total company figure rising 0.8% during the year. I'm not ready to go as far as to buy the stock, but with another solid year in the books and Denny's embarking on a plan to offload the operating tasks of more of its stores, I think the company is worth keeping an eye on. American classic diner Denny's (NASDAQ: DENN) recently reported its full-year 2018 results, capitalizing on a rebounding restaurant industry and a generous consumer that's been spending lots of money on eating out.	In fact, Denny's posted its eighth straight year of higher same-store sales, with the total company figure rising 0.8% during the year. What's next for Denny's? I'm not ready to go as far as to buy the stock, but with another solid year in the books and Denny's embarking on a plan to offload the operating tasks of more of its stores, I think the company is worth keeping an eye on.	66c0ede5-72aa-42ad-9445-3c6369824f37
727347.0	2019-02-12 00:00:00 UTC	Denny's Corp (DENN) Q4 2018 Earnings Conference Call Transcript	DENN	https://www.nasdaq.com/articles/dennys-corp-denn-q4-2018-earnings-conference-call-transcript-2019-02-12	nan	nan	Denny's Corp (NASDAQ: DENN) Q4 2018 Earnings Conference Call Feb. 12, 2019 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q4 and Fiscal Year 2018 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Curt Nichols, Senior Director, Investor Relations. Please go ahead, sir. Curt Nichols -- Senior Director, Investor Relations and Financial Analysis Thank you, Justin. Good afternoon, everyone. Thank you for joining us for Denny's Fourth Quarter 2018 Earnings Conference Call. With me today from management are John Miller, Denny's President and Chief Executive Officer; and Mark Wolfinger, Denny's Executive Vice President, Chief Administrative Officer and Chief Financial Officer. Please refer to our website at investor.dennys.com to find our fourth quarter earnings press release along with any reconciliation of non-GAAP financial measures mentioned during this call. This call is being webcast and an archive of the webcast will be available on our website later today. John will begin today's call with his introductory comments. Mark will then provide a recap of our fourth quarter results along with brief commentary on our annual guidance for 2019. After that we'll open it up for questions. Before we begin, let me remind you that in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company knows that certain matters to be discussed by members of management during this call may constitute forward-looking statements. Management urges caution in considering its current trends and any outlook on earnings provided during this call. Such statements are subject to risks, uncertainties and other factors that may cause the actual performance of Denny's to be materially different from the performance indicated or implied by such statements. Such risks and factors are set forth in the Company's most recent annual report on Form 10-K for the year ended December 27, 2017 and in any subsequen t quarterly report s on Form 10-Q. With that, I'll now turn the call over to John Miller, Denny's President and Chief Executive Officer. John C. Miller -- Chief Executive Officer and President Thank you, Curt. Good afternoon, everyone. Denny's achieved positive same-store sales growth for the eighth consecutive year and delivered a 4.1% increase in operating income, thanks to our team's unwavering commitment to our brand revitalization strategy. And I'm proud of our team for their continued focus on our vision of becoming the world's largest, most admired and beloved family of local restaurants, while consistently executing against our strategic pillars. And this is particularly relevant as we begin our previously announced transition to a more asset-light business model. These pillars include first delivering a differentiated and relevant brand with the goal of perpetuating consistent same-store sales growth; second, operating great restaurants with consistent reliable service; third, expanding Denny's footprint throughout the US and international markets; and fourth, driving profitable growth with a disciplined focus on cost and capital allocation for the benefit of our franchisees, employees and shareholders. These pillars are supported by our continued investments in technology and training along with close collaboration with our franchisees. We continue to evolve our menu to meet guest expectations for higher-quality and more craveable products. And our latest LTO menu features an array of new omelettes starting at $6.99 as well as our new Blueberry Pancake Puppies. Most recently, we have improved our core menu with new dinner options including a USDA choice cut sirloin steak with garlic peppercorn butter and improved Slow-Cooked Pot Roast. Now expanding off-premise strategy enables us to reach younger guests and increase our brand awareness. These off-premise sales represented approximately 11% of total sales at company and franchised restaurants during the fourth quarter, which is up from approximately 7% at the launch of Denny's on Demand in mid-2017. Delivery continues to drive the expansion in our off-premise business and we have observed a steady progression of company and franchised restaurants adding delivery channels over the last few quarters. Approximately, 71% of domestic system is now actively engaged with at least one delivery partner and that is compared to 77% of the system that is eligible. This means that we have an opportunity to further grow our off-premise business as more restaurants expand their delivery channels. These transactions continue to be highly incremental and deliver total margin rates from the low teens to upper 20s percent inclusive of the delivery fee. Our Heritage remodel program continues to perform well consistently receiving favorable guest feedback and generating mid-single-digit ranges of sales lift. An 81% of the system had been remodeled at the end of the quarter. And we expect approximately 90% of the system to feature the updated image by the end of 2019. This continues to provide a significant tailwind for our brand revitalization strategy over the next several years and we also remain focused on our franchisee collaboration as we work together to enhance our field training and coaching initiatives to better enable our operations team to achieve their goals. These are primarily focused on delivering higher-quality products with a more consistent service experience. The progress we have made so far has been substantial and we are focused on closing the gaps to our expectations even further over the coming year. We acknowledge opportunities do remain to reach our full potential. Moving to development. We faced some challenges in 2018, driven in part by some landlords choosing not to renew leases in an environment of increasing real estate values. This has all the more reason why our refranchising and development strategy will provide better long-term domestic growth opportunities for our brand. This along with our recently announced enhanced international development agreements is expected to increase our global development pipeline by over 100 restaurants. With regards to our refranchising strategy, we closed on the sale of eight units in Q4 and have closed on an additional two units so far in Q1. We are very pleased with the interest from the franchise community and excited by the shareholder value this strategy will create. We will continue to provide more information on the details of these additional transactions in the coming quarters. Now as we look ahead to a year of exciting strategic change, we remain committed to long-term profitable system sales growth, market share gains, generating compelling returns on invested capital and maintaining our shareholder-friendly allocation of adjusted free cash flow toward share repurchases. Speaking of which since beginning our share repurchase program in late 2010, we've allocated approximately $424 million toward share repurchases. In closing, as we transition to a more asset-light model, we will remain committed to our revitalization initiatives, while continuing to drive same-store sales growth and profitable returns for our shareholders. Our brand-enhancing strategies like Denny's on Demand and Heritage remodel program, our menu evolution and everyday value focus, and our refranchising and development strategy are expected to yield incremental shareholder value for years to come. With that, I'll turn the call over to Mark Wolfinger, Denny's Chief Financial Officer and Chief Administrative Officer. F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer Thank you, John, and good afternoon, everyone. Our fourth quarter highlights included growing domestic systemwide same-store sales by 1.4%, operating revenue by 17.7% to $159.5 million and adjusted free cash flow by 15% to $17.7 million. Adjusted EBITDA was $28.4 million and adjusted net income per share was $0.18. We ended the quarter with 1,709 total restaurants as Denny's franchisees opened five restaurants. These openings were offset by 11 franchised restaurant closings. Additionally, eight company restaurant in Texas were acquired by franchisees. As a reminder, our 2018 financial results include the impact of adopting new revenue recognition standards in accordance with Topic 606, which clarifies the principles used to recognize revenue. A more detailed explanation of these revenue recognition changes can be found in our fourth quarter 2018 earnings release and in our annual report on Form 10-K, which will be filed shortly. Because we adopted these new standards on a modified retrospective basis, prior year quarter results were not adjusted and continue to be reported in accordance with our historical accounting. Denny's total operating revenue, which includes company restaurant sales and franchise and license revenue grew 17.7% to $159.5 million, primarily due to recognizing franchise advertising revenue on a gross basis in accordance with Topic 606 and an increase in company restaurant sales. Franchise and license revenue grew 56.7% to $55.2 million, primarily due to recognizing $19.9 million of advertising revenue on a gross basis and a rise in initial fees both of which were impacted by Topic 606 partially offset by lower occupancy revenue due to scheduled lease terminations. Franchise operating margin was 48.3% compared to 72.1% in the prior year quarter, primarily due to recording advertising revenue and related costs on a gross basis, in addition to an increase in initial fees and an improving occupancy margin. Absent revenue recognition changes, franchise operating margin would have been 77. 8%, which represents an improvement of approximately 570 basis points over the prior year quarter. Moving to our company restaurant. Sales grew by 4.1% to $104.4 million due to an increase in the number of equivalent company restaurants over the past 12 months and a 2.1% growth in same-store sales. Company restaurant operating margin of 16.2% was impacted by labor inflation and third-party delivery costs partially offset by higher sales. Total general and administrative expenses of $15.7 million improved by 1.2% or approximately $200,000, primarily due to market valuation changes in our deferred compensation plan liabilities. These results contributed to adjusted EBITDA of $28.4 million. Depreciation and amortization expense was approximately $800,000 higher at $7.1 million, primarily due to the acquisition of franchised restaurants during the past year. Interest expense rose by $1.1 million to $5.4 million, primarily due to increases in the balance of our credit facility and related interest costs. The provision for income taxes was $1.3 million reflecting an effective income tax rate of 10.4% driven by the new 21% federal statutory income tax rate and benefits associated with the settlement of share-based compensation. Adjusted net income per share was $0.18 in both the current and prior year quarters. Adjusted free cash flow after cash interest, cash taxes and cash capital expenditures was $17.7 million compared to $15.4 million in the prior year quarter primarily due to increases in cash taxes primarily due to decreases in cash taxes and cash capital expenditures partially offset by an increase in cash interest. Cash capital expenditures of $4.7 million included facilities maintenance, new construction and remodel costs. This compares to $7.6 million in the prior year quarter that was used to acquire three franchised restaurants and remodeled two company restaurants. Cash capital expenditures were lower than our guidance because we did not close on an anticipated real estate acquisition during the quarter. That transaction is now expected to close during Q1 2019 and is included in our 2019 guidance, which I will cover here in a moment. Our quarter-end debt-to-adjusted EBITDA leverage ratio was 3.02 times. At the end of the quarter, we had approximately $317 million of total debt outstanding, including $286.5 million under our revolving credit facility. During the quarter, we allocated $30.5 million toward share repurchases including a $25 million accelerated share repurchase agreement entered into in November 2018. As part of this agreement, approximately 1.1 million shares were repurchased during the fourth quarter with the remaining shares to be delivered during the first quarter of 2019. At the end of the quarter, basic shares outstanding totaled 61.5 million shares, which represents a reduction of 3.1 million shares or approximately 5% from one-year ago. And since the beginning of our share repurchase program in late 2010, we've allocated approximately $424 million to repurchase approximately 47 million shares at an average price of $9 per share leading to a net reduction in our share count of approximately 38%. We ended the quarter with approximately $128 million remaining in our share repurchase authorization. Let me now take a few minutes to expand on the business outlook section. For fiscal year 2019, we anticipate the following annual guidance ranges. It is a very important to note that some of these ranges are wider due to the timing of refranchising and real estate transactions. We expect same-store sales growth at company restaurants of between 0% and 2%. Similarly for domestic franchised restaurants, we expect same-store sales growth of between 0% and 2%. We anticipate 35 to 45 restaurant openings with approximately flat net restaurant growth. We expect company restaurant operating margin to be between 15% and 16.5% and franchise operating margin of between 46.5% and 48%. Total general and administrative expenses are expected to be between $66 million and $69 million. We anticipate adjusted EBITDA of between $95 million and $100 million and net interest expense of between $21 million to $23 million. We're guiding to an effective income tax rate of between 20% and 23% with cash taxes of between $13 million and $16 million. Included in this estimate is between $9 million and $12 million related to taxes on anticipated gains from refranchising transactions. Our efforts to continually optimize the value of our real estate portfolio have yielded an opportunity to sell property under some lower-volume stores in order to acquire higher-quality real estate through a series of like-kind exchanges. Cash proceeds from the sale of real estate will be reported in cash flows from investing activities and our consolidated statements of cash flows, but these real estate proceeds are not captured in the cash CapEx or adjusted free cash flow guidance metrics we provide. However, the cash outflow to purchase real estate is included. Accordingly, our guidance for cash capital expenditures is $35 million to $40 million including between $20 million and $25 million related to real estate purchases through like-kind exchanges. Excluding these anticipated real estate transactions, we otherwise would expect cash capital expenditures to be approximately $15 million. Finally, our guidance for adjusted free cash flow is between $23 million and $26 million with actual cash flows improved by the proceeds from real estate sales. If the anticipated real estate transactions were excluded along with the incremental cash taxes from anticipated gains on refranchising transactions, our expectations for adjusted free cash flow would be between $56 million and $59 million. Now I'd like to spend a few more minutes reminding everyone about our refranchising and development strategy announced with our third quarter results and explained in further detail during our webcast and presentation at the ICR Conference in January, which can be found on our Investor Relations website. Over the next 12 to 15 months, we intend to sell between 90, 125 total company-operated restaurants with future development commitments as we migrate toward a business model that is between 95% and 97% franchised. While this transition to a lower-risk business model initially will have a dilutive impact on adjusted EBITDA, we anticipate accretive impacts on adjusted earnings per share and enhanced free cash flow. These accretive actions combined with refranchising proceeds will enable us to generate more compelling returns for our shareholders. As noted in the investor presentation on our website, we expect the refranchising process to take the next 12 to 15 months to complete with transactions accelerating in and extending into the early part of 2020. John mentioned in his comments, that we've sold a total of 10 restaurants under the strategy, including two restaurants that were sold during the first quarter of 2019. The pace of transactions is on schedule with our expectations and we are encouraged by the interest from the franchise community. Our lower adjusted EBITDA guidance of $95 million to $100 million versus just over $105 million in 2018 contemplates our anticipated volume and pace of transactions during the year. The EBITDA contribution of the restaurants we expect to sell which will be partially offset by royalty revenue and some rental income is also incorporated in our guidance. Further, we expect to rationalize approximately $10 million to $12 million of business costs, ultimately yielding an adjusted EBITDA level that is similar to the results we delivered in 2018. Our investor presentation also indicates we expect to achieve multiples in the range of four to five times of EBITDA. We need to total pre-tax refranchising proceeds in excess of $100 million over the full refranchising process. We are just getting started, but the initial refranchising transactions support our multiple expectations. While we will continue to operate a portfolio of company restaurants in our highest volume and trade areas such as the Las Vegas Strip, our transition to a more asset-light business model is expected to reduce annual cash capital expenditures associated with maintenance and remodel costs by between $7 million and $10 million. The reduction in ongoing maintenance and remodel capital coupled with refranchising proceeds and future royalty revenue on the associated development commitments will further support our commitment to shareholder-friendly investments and returns including the return of capital to our shareholders. We also anticipate moderately increasing our leverage from the current level of 3.02 times. We are very excited to use this refranchising strategy to stimulate additional growth for our franchise partners and to attract new franchisees to the Denny's brand. We will also upgrade the quality of our real estate portfolio through a series of like-kind exchanges. We anticipate generating approximately $30 million in proceeds from the sale of between 25% and 30% of the 95 properties we currently own. Proceeds from the sale of real estate under lower-volume restaurants will be redeployed to acquire higher-quality real estate. The 2019 cash capital expenditures guidance includes between $20 million and $25 million related to real estate acquisitions. The good news that our team has successfully led our transition from a 60% franchised business to a 90% franchised business is still in place. And accordingly provides us with a high degree of confidence in our ability to execute this refranchising and development strategy as we move to a more asset-light model. And again, as a reminder, at the conclusion of our refranchising efforts, we expect to generate similar adjusted EBITDA to 2018 through a rationalization of business costs, while also enjoying the ongoing benefits given this new capital-light model. That wraps up our prepared remarks. I'll now turn the call over to the operator to begin the Q&A portion of our call. Questions and Answers: Operator Thank you. (Operator Instructions) Our first question comes from Will Slabaugh with Stephens Inc. Will Slabaugh -- Stephens Inc. -- Analyst Thanks, guys. Wondering if you could just touch a little bit more about the refranchising process and any sort of update you may have on what the early franchisee feedback has been? I know you said you're encouraged by, but curious if there are any numbers you may give us around people that are interested, or geographies, or if it's been fairly broad-based so far? John C. Miller -- Chief Executive Officer and President Yes. No, I think it's all of the above, Will. It's broad-based. There's a lot of calls coming in saying, when will we see the packages. Remember, we got kind of outstanding start. We didn't want to launch this thing until we had -- we were -- had all of our ducks in a row. So third quarter's when we went out, so we didn't do really any work prior to that. Then we were able to already have a couple of closings. And as we said in my call script, I think throughout the year, we can give a lot more detail about as the transactions come together. But you tell by the enthusiasm just from the interests we think we're in a good spot and have guided accordingly for the year. We... F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer Well, it's Mark. I think the other thing I'd add to John's comments is what I said in my script and that is the fact that having gone through franchise growth initiative or FGI, those big years were sort of '07, '08, '09 time frame and in total we sold a little bit less than 400 stores. That same team is together. So having gone through that learning process and all the metrics and mechanics of the process, the same team has evolved and has that learning experience from FGI, those learning years to apply to the current franchise initiative. Will Slabaugh -- Stephens Inc. -- Analyst Got it. That's helpful and a couple of questions on the guidance if I could. The 0% to 2% comp guidance for the year, obviously, the midpoint is right around where you've been in the last three years right around 1%. So I'm curious if that's just you saying, we expect the current environment to continue or if you're implying anything at the low or high-end of that? And then on the back of that on the margin guide, you mentioned, you had to be fairly wide for reasons around refranchising. But if we could think about the business or ex-refranchising for a minute, if you think about company owned margins ex that piece of the transaction sort of being up, down or flattish trajectory? John C. Miller -- Chief Executive Officer and President Great questions, Will. Let me take the first one, which is sort of the outlook question on comps. We guide flat to 2%. It's early. You remember commentary over the last couple of calls has been about value where it's persisting. And while the economy is good, it's too early to know if momentum builds toward comp growth. I certainly felt that way in the fourth quarter, but it's just too early in the year to guide any differently. So I think that flat to 2% is a fair place for us to go. I think the second question, I think Mark wants to grab. And if I didn't answer that to your satisfaction, well I'll just circle back here in a second. F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer So Will, on the margin question, you're right. We did provide a little bit wider range. And so, again, we ended 2018 at 15.3%. The guidance for 2019 is 15% to 16.5%. So the midpoint on that would be 15.75%. Obviously that contemplates these transactions sort of rolling through that time frame over the 12 months of the fiscal year. To answer the second part of your question which is sort of anticipated margins, I mean after the process is done and all of the restaurants have been sold, there's a chart that we used in the ICR Conference that I'm going to refer to and that's the one we mentioned the whole documentation and presentation is on our website. But basically what we showed there is that what we're selling is -- the average -- let me step back. The average unit volume of a company stores this past year was $2.3 million with an average margin of around 15%. It was 15.3% on an actual basis. Those stores that were selling those AUVs are probably more in the $1.9 million to $2.1 million range. So they're slightly below the overall average for the company base and their margins are I'd say low double-digit 10% to 12% range. So basically the ones that we are planning to keep those volumes will be in high 2s. So again this is post all the refranchising that will get through. Think about in 2020 and beyond, that portfolio base that we'll keep will be something in the high 2s on average unit volume call them 2.8%, 2.9% (ph) range. And those margins and looking at that are probably going to be something between high teens to low 20% range. Does that help on margin question, Will? Will Slabaugh -- Stephens Inc. -- Analyst It does. Thank you for all the color to both of you. One last quick one if I could, just a question on the industry. It seems like your family dining peers a little bit more aggressive in the quarter. Obviously (technical difficulty) dinner, and yet you accelerated. So I'm curious if you actually saw any impact when (technical difficulty) making either a value or a product push? Or if you feel like you're in a position to push through the vast majority of that competitive noise? John C. Miller -- Chief Executive Officer and President Well, we think it's good news overall, that the market -- that dine-out looks healthy across a broad array of good competitors and we've said for a long time, we have a very competitive category, family dining category with great competitors out there that are doing nice job in the marketplace keeps us on our toes. But the fact that, they can do well and we're doing well and vice versa means that there may be a little bit of a reversal of these things that have been stealing some share from the after five market eating out. So if that's a tailwind going into the year that's great news. If it's fourth quarter aberration then we'll try to build on it. I think it's too early for us to be ecstatic, but I would say, it's a good sign overall. Will Slabaugh -- Stephens Inc. -- Analyst Thank you, guys. Operator And next will be Michael Gallo with CL King. Michael Gallo -- C.L. King & Associates, Inc. -- Analyst HI. Mark, just some follow-up questions on the refranchising as well. A couple of things. So I think about the proceeds, obviously, you've got $25 million -- $20 million to $25 million of like-kind exchange spent, but you don't have either the proceeds from real estate or the proceeds from refranchising in the numbers. So I know you said over 12 to 15 months and timing might be hard to pin down, but is it fair to assume that most of that $130 million in proceeds will come in 2019? F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer So very good question, Mike. So let's -- I'll try to explain a little bit further, because I know there were quite a few numbers and comments in my script. So first the $100 million of pre-tax proceeds is on the refranchising process that again, we anticipate will be completed in the next 12 to 15 months. The proceeds on the sale of the real estate basically as we look at it because of the like-kind exchange, those proceeds will come in and go back out. So that effectively relatively neutral. So let's focus on the $100 million of pre-tax proceeds, again on the refranchising side. And at the same time and again, we've not revised anything. But as we've said in the past and you will recall from the ICR Conference that we contemplate a moderate increase in leverage as well. Our current guidance on leverage is 2.5 to 3.5 times. And again we finished the fourth quarter or the end of the year just slightly above 3 times. So obviously that's something that we're also looking at as far as leverage in our capital structure. But again, that's our current guidance range of 2.5 to 3.5 on leverage. Michael Gallo -- C.L. King & Associates, Inc. -- Analyst Yes. And just to delve in again, so you kind of have -- you have the like-kind exchange spend coming out of the free cash flow guide. But you don't have the proceeds coming in. So really net-net from an actual cash usage standpoint that's not really going to be money spent. It's going to be money coming in and then money being redeployed. Is that fair? F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer Absolutely correct. That's absolutely correct. Yes, so I misunderstood the part of your question, but that's absolutely correct. And that's why -- as I walk through my script, we basically said, there's the neutral effect. The problem is the proceeds from the real estate of the issue is captured somewhere else within our financial statements. But you're actually correct, the overall effect is neutral. Michael Gallo -- C.L. King & Associates, Inc. -- Analyst Right. And then when I think about you noted the interest level being high. That suggests that you should -- one, that after where you originally started the program that perhaps a higher percentage of the stores get sold; and two, interest in more markets would suggest generally you get higher multiples for the stores. As I sort of think about 19 and 125 stores at a 10% to 12% margin, I could certainly get the pre-tax proceeds if I think about the higher end of the multiple range being well in excess of $100 million. Is there anything about that, that I shouldn't think of it that way? Because again based on how you're speaking about the process it would seems there's a fair amount of interest? F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer Well, I guess -- John will probably jump in here too Mike, but I think to answer the question obviously, we've given guidance to that $100 million plus pre-tax. And as we mentioned, we did -- we sold eight stores in the latter part of the fourth quarter and then two in January time frame. So obviously that's 10 in total. So we're still pretty early in the process. And again, we put a range on the total stores that we would sell as we went to those 95% to 97% that we would sell anywhere between 90 to 125. But obviously we're still very early in the process. What we felt, we had to give an indication and should give an indication to you all as far as the interest level that we're getting from both existing franchisees and franchisees outside of our existing system. And John, do you want to comment? John C. Miller -- Chief Executive Officer and President No, I think you covered it. it's 90 to 125 stores. You did the napkin math pretty quick there Mike. And that's why we say the $100 million plus. That's about -- really all we should say at this stage. Michael Gallo -- C.L. King & Associates, Inc. -- Analyst Okay, great. That's helpful. And then final question for Mark. When I think about like-kind exchanges, I assume that there's going to be some positive impact on reduction of rent just the sort of core margin basis. So should I -- what should I think about the kind of an ongoing payback from reduction of rent due to the like-kind exchanges? F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer Yes. We really haven't captured that or basically disclosed that metric from a guiding standpoint, Mike. So we haven't quantified that as of yet. We did quantify obviously the rent -- the additional rental income that will come from the refranchised restaurants. But we haven't necessarily classified the rental difference on the like-kind exchange at this point. What we're really focused on is again looking at the current real estate market looking at cap rates and again upgrading the quality of the real estate we have, which again is contemplated in that sort of 25% to 30% exchange process of the existing 95 properties. Michael Gallo -- C.L. King & Associates, Inc. -- Analyst Thanks very much. Operator (Operator Instructions) Next will be Nick Setyan with Wedbush Securities. Nick Setyan -- Wedbush Securities -- Analyst Thanks. A little bit of different direction than refranchising. We know that the remodeling is going to be about 90% done now. So by the end of this year, should we helped the dinner daypart. I know you guys have made comments around dinner and late night being helped by third-party delivery. How are we thinking about the strategy around the different dayparts as we kind of go into 2019 and maybe even longer term? Is it more of the same? Are we going to be having opportunity focus little bit more on lunch and dinner now that the remodels are largely complete? John C. Miller -- Chief Executive Officer and President Nick, great question. I think, you hear us say that we will get momentum for some time to come from the revitalization efforts of food servicing environment. When you think about the environment and the remodel role in that we completed the year way ahead of where we've been at 80%-plus. We will finish 2019 at 90%-plus, reimage sort of lays the foundation for future initiatives for all four dayparts. It could be a little more robust than the averages of the last seven or eight years. But because there's a further out than this quarter, we've counted in the guidance our four daypart strategies for the year, but we do believe it's a tailwind to continue to work toward more robust all four daypart initiatives. The first quarter, however, the focus was on omelettes. So we're still trying to build a culinary credibility across the platform where we've had Grand Slams and value meals and sort of build-your-own creations of eggs and bacon sausage and potatoes. And we want to have the higher culinary items like omelettes play a bigger role in securing that repeat business for people that are retrying our brand. So we're still working on momentum just on the breakfast and lunch daypart, but all four dayparts play a role over time. Nick Setyan -- Wedbush Securities -- Analyst All right. Did you guys mentioned what food cost inflation and then labor inflation is expected to be for 2019? John C. Miller -- Chief Executive Officer and President It's not in the scripts. It's normal for us to guide. We can certainly follow up with you. Nick Setyan -- Wedbush Securities -- Analyst Okay. And what are we expecting for pricing in terms of the company-owned stores for 2019? John C. Miller -- Chief Executive Officer and President Two-ish I'd say. Nick Setyan -- Wedbush Securities -- Analyst Okay. Thank you very much. Operator And moving on to Stephen Anderson with Maxim Group. Stephen Anderson -- Maxim Group -- Analyst Yes. So good afternoon. I'm looking at your guidance. You're actually looking at SG&A expense actually increasing from where you were in 2018. Now as you unload some of these restaurants, you've seen opportunities to perhaps unload some of the ancillary SG&A expense to the franchisees? John C. Miller -- Chief Executive Officer and President Yes. So over the course of this program, we expect a number of benefits to the overall refranchising strategy and cost rationalizations to get us. As we've said to approximately where we are now in overall EBITDA. Part of that is rationalizing our G&A expenses somewhere in that $10 million to $12 million and the cost of support that we have in franchise support cost that goes with store sales and then some cost-sharing that'll move from our P&L into shared with all franchisees. So the combination of those is beneficial. In the meantime, there are -- I'd say a combination of things going on in the 2019 guidance. One, we want to continue to make sure, we're supporting our franchise system as a model franchise or/and investments in training and technology. We think this is not a good time to diminish some of that support. So as they are selling assets, those investments that were planned continue. There is the $10 million to $12 million of rationalization I've covered. And then the other is this sort of deferred compensation impact on G&A and how it's accounted for. It's not an EBITDA impact. F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer Yes. So within that Steve, it's Mark, on the deferred comp piece it rolls through G&A. And so as the financial markets move up or move down, there's an entry that rolls through there. Well, if you recall those markets move down during the month of December, so that was actually a benefit through G&A, as it relates to the deferred comp. And probably as it relates to that technical detail, you can always give Curt Nichols a call and he can explain that a little bit further. Just one other comment back on the rationalization of cost that John mentioned in this $10 million to $12 million number. Just as a reminder, it's coming from three different sources, which is field support, corporate support and then cost-sharing -- further cost-sharing with our franchise community. But certainly the corporate support and the cost-sharing piece with our franchise community. There's going to be a lag effect on those cost reductions. So again as you get out into 2020, the later on basically they will trail the refranchising process. So that'll be a cost-reduction process that will basically slightly behind the sale of the restaurants themselves. There will be field support that gets reduced pretty much in parallel with the sale of the restaurants. But a majority of the cost savings are really corporate support and the sharing of cost with franchisees. Stephen Anderson -- Maxim Group -- Analyst Thank you. John C. Miller -- Chief Executive Officer and President Thank you. Operator And that does conclude the question-and-answer session. I'll now turn the conference back over to you for any additional or closing remarks. Curt Nichols -- Senior Director, Investor Relations and Financial Analysis Thank you, Justin. I'd like to thank everyone again for joining us on today's call. We look forward to our next earnings conference call in late April to discuss our first quarter 2019 results. Thank you, and have a great evening. Operator Well thank you. That does conclude today's conference. We do thank you for your participation today. Duration: 39 minutes Call participants: Curt Nichols -- Senior Director, Investor Relations and Financial Analysis John C. Miller -- Chief Executive Officer and President F. Mark Wolfinger -- Executive Vice President, Chief Administrative Officer and Chief Financial Officer Will Slabaugh -- Stephens Inc. -- Analyst Michael Gallo -- C.L. King & Associates, Inc. -- Analyst Nick Setyan -- Wedbush Securities -- Analyst Stephen Anderson -- Maxim Group -- Analyst More DENN analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 31, 2019 Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's Corp (NASDAQ: DENN) Q4 2018 Earnings Conference Call Feb. 12, 2019 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q4 and Fiscal Year 2018 Earnings Call. Thank you for joining us for Denny's Fourth Quarter 2018 Earnings Conference Call.	Denny's Corp (NASDAQ: DENN) Q4 2018 Earnings Conference Call Feb. 12, 2019 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q4 and Fiscal Year 2018 Earnings Call. Thank you for joining us for Denny's Fourth Quarter 2018 Earnings Conference Call.	Denny's Corp (NASDAQ: DENN) Q4 2018 Earnings Conference Call Feb. 12, 2019 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q4 and Fiscal Year 2018 Earnings Call. Thank you for joining us for Denny's Fourth Quarter 2018 Earnings Conference Call.	Denny's Corp (NASDAQ: DENN) Q4 2018 Earnings Conference Call Feb. 12, 2019 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Denny's Corporation Q4 and Fiscal Year 2018 Earnings Call. Thank you for joining us for Denny's Fourth Quarter 2018 Earnings Conference Call.	ea766e14-9ddb-4960-9af2-d74c26e48c3f
727348.0	2019-02-12 00:00:00 UTC	Denny’s Earnings: DENN Stock Slides as Q4 Earnings Miss the Mark	DENN	https://www.nasdaq.com/articles/dennys-earnings-denn-stock-slides-q4-earnings-miss-mark-2019-02-12	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's earnings (NASDAQ: DENN ) were reported late in the day on Tuesday afternoon and the company's profit was in line with expectations, while its revenue was ahead of the mark, yet DENN stock was falling after the bell. The Spartanburg, S.C.-based diner chain said that for its fourth quarter of its fiscal 2018 , it posted adjusted net income of $11.7 million, which amounted to roughly 18 cents per diluted share. This fi	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's earnings (NASDAQ: DENN ) were reported late in the day on Tuesday afternoon and the company's profit was in line with expectations, while its revenue was ahead of the mark, yet DENN stock was falling after the bell. The Spartanburg, S.C.-based diner chain said that for its fourth quarter of its fiscal 2018 , it posted adjusted net income of $11.7 million, which amounted to roughly 18 cents per diluted share. This fi	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's earnings (NASDAQ: DENN ) were reported late in the day on Tuesday afternoon and the company's profit was in line with expectations, while its revenue was ahead of the mark, yet DENN stock was falling after the bell. The Spartanburg, S.C.-based diner chain said that for its fourth quarter of its fiscal 2018 , it posted adjusted net income of $11.7 million, which amounted to roughly 18 cents per diluted share. This fi	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's earnings (NASDAQ: DENN ) were reported late in the day on Tuesday afternoon and the company's profit was in line with expectations, while its revenue was ahead of the mark, yet DENN stock was falling after the bell. The Spartanburg, S.C.-based diner chain said that for its fourth quarter of its fiscal 2018 , it posted adjusted net income of $11.7 million, which amounted to roughly 18 cents per diluted share. This fi	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's earnings (NASDAQ: DENN ) were reported late in the day on Tuesday afternoon and the company's profit was in line with expectations, while its revenue was ahead of the mark, yet DENN stock was falling after the bell. The Spartanburg, S.C.-based diner chain said that for its fourth quarter of its fiscal 2018 , it posted adjusted net income of $11.7 million, which amounted to roughly 18 cents per diluted share. This fi	2bb91568-96d1-4d5f-b914-3be7b0afc583
727349.0	2019-02-12 00:00:00 UTC	Denny's (DENN) Q4 Earnings Meet Estimates	DENN	https://www.nasdaq.com/articles/dennys-denn-q4-earnings-meet-estimates-2019-02-12	nan	nan	Denny's (DENN) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this restaurant operator would pos t earnings of $0.19 per share when it actually produced earnings of $0.17, delivering a surprise of -10.53%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $159.55 million for the quarter ended December 2018, missing the Zacks Consensus Estimate by 0.01%. This compares to year-ago revenues of $135.50 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call . Denny's shares have added about 12.5% since the beginning of the year versus the S&P 500's gain of 8.1%. What's Next for Denny's? While Denny's has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power o f earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Denny's was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.12 on $156.93 million in revenues for the coming quarter and $0.66 on $642.94 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the top 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's (DENN) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $159.55 million for the quarter ended December 2018, missing the Zacks Consensus Estimate by 0.01%. Denny's shares have added about 12.5% since the beginning of the year versus the S&P 500's gain of 8.1%.	Denny's (DENN) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $159.55 million for the quarter ended December 2018, missing the Zacks Consensus Estimate by 0.01%. Denny's shares have added about 12.5% since the beginning of the year versus the S&P 500's gain of 8.1%.	Denny's (DENN) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $159.55 million for the quarter ended December 2018, missing the Zacks Consensus Estimate by 0.01%. Denny's shares have added about 12.5% since the beginning of the year versus the S&P 500's gain of 8.1%.	Denny's (DENN) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. While Denny's has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $159.55 million for the quarter ended December 2018, missing the Zacks Consensus Estimate by 0.01%.	4048452c-1bb3-4c58-95ad-b47204b18164
727350.0	2018-10-31 00:00:00 UTC	Bullish Two Hundred Day Moving Average Cross - DENN	DENN	https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-denn-2018-10-31	nan	nan	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $15.29, changing hands as high as $17.49 per share. Denny's Corp shares are currently trading up about 23.5% on the day. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $12.09 per share, with $17.75 as the 52 week high point - that compares with a last trade of $17.39. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $15.29, changing hands as high as $17.49 per share. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $12.09 per share, with $17.75 as the 52 week high point - that compares with a last trade of $17.39. Denny's Corp shares are currently trading up about 23.5% on the day.	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $15.29, changing hands as high as $17.49 per share. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $12.09 per share, with $17.75 as the 52 week high point - that compares with a last trade of $17.39. Denny's Corp shares are currently trading up about 23.5% on the day.	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $15.29, changing hands as high as $17.49 per share. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $12.09 per share, with $17.75 as the 52 week high point - that compares with a last trade of $17.39. Denny's Corp shares are currently trading up about 23.5% on the day.	In trading on Wednesday, shares of Denny's Corp (Symbol: DENN) crossed above their 200 day moving average of $15.29, changing hands as high as $17.49 per share. Denny's Corp shares are currently trading up about 23.5% on the day. The chart below shows the one year performance of DENN shares, versus its 200 day moving average: Looking at the chart above, DENN's low point in its 52 week range is $12.09 per share, with $17.75 as the 52 week high point - that compares with a last trade of $17.39.	aeec01d8-7fb5-483a-968d-401b59f2152f
727351.0	2018-10-31 00:00:00 UTC	Why Denny's Corp Stock Soared Today	DENN	https://www.nasdaq.com/articles/why-dennys-corp-stock-soared-today-2018-10-31	nan	nan	What happened Shares of Denny's Corp (NASDAQ: DENN) surged today after the company reported third-quarter earnings and said it would refranchise most of its company-owned stores, following in the footsteps of several other restaurant chains. Investors saw the move as a way to reduce costs and unlock steady cash flow. As a result, the stock jumped 22.6% on the day. So what Denny's saw same-store sales tick up 1% in the quarter and adjusted earnings per share increase from $0.14 to $0.17, which missed estimates by $0.01. However, the bulk of investor attention was on the company's refranchising and development plan. Management said the company plans to transition over the next 18 months from a 90% franchised business model to one that's 95%-97% franchised, meaning it will sell 90-125 restaurants. The company also said it would use the process to upgrade the quality of its real estate portfolio and proceeds from the restaurant sales and a moderate increase in leverage will be used to return capital to shareholders. This likely will occur in the form of share buybacks, as the company has been aggressively buying back shares and doesn't pay a dividend. CEO John Miller explained the move, saying: "Our refranchising and development strategy will enable us to further evolve as a franchisor of choice that provides more focused support services, all while yielding a higher quality, more asset-light business model. As always, we remain committed to profitable system sales growth, driving market share gains, delivering strong returns on invested capital and generating compelling returns for shareholders, including the return of capital." Now what Looking ahead, the company expects same-store sales growth for 2018 of 1%-2% at company-owned restaurants and 0%-1% at franchised locations. It sees total revenue of $626 million-$634 million for the year, which compares to estimates of $632.3 million. Investors have cheered past refranchising plans such as McDonald's , and the move should help the company unlock cash to buy back shares and ensure a steadier revenue stream. Denny's valuation looks a bit stretched at a price-to-earnings ratio of 27 after today's jump, however, given the company's otherwise slow growth. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Denny's Corp (NASDAQ: DENN) surged today after the company reported third-quarter earnings and said it would refranchise most of its company-owned stores, following in the footsteps of several other restaurant chains. So what Denny's saw same-store sales tick up 1% in the quarter and adjusted earnings per share increase from $0.14 to $0.17, which missed estimates by $0.01. Denny's valuation looks a bit stretched at a price-to-earnings ratio of 27 after today's jump, however, given the company's otherwise slow growth.	What happened Shares of Denny's Corp (NASDAQ: DENN) surged today after the company reported third-quarter earnings and said it would refranchise most of its company-owned stores, following in the footsteps of several other restaurant chains. So what Denny's saw same-store sales tick up 1% in the quarter and adjusted earnings per share increase from $0.14 to $0.17, which missed estimates by $0.01. Denny's valuation looks a bit stretched at a price-to-earnings ratio of 27 after today's jump, however, given the company's otherwise slow growth.	What happened Shares of Denny's Corp (NASDAQ: DENN) surged today after the company reported third-quarter earnings and said it would refranchise most of its company-owned stores, following in the footsteps of several other restaurant chains. So what Denny's saw same-store sales tick up 1% in the quarter and adjusted earnings per share increase from $0.14 to $0.17, which missed estimates by $0.01. Denny's valuation looks a bit stretched at a price-to-earnings ratio of 27 after today's jump, however, given the company's otherwise slow growth.	What happened Shares of Denny's Corp (NASDAQ: DENN) surged today after the company reported third-quarter earnings and said it would refranchise most of its company-owned stores, following in the footsteps of several other restaurant chains. So what Denny's saw same-store sales tick up 1% in the quarter and adjusted earnings per share increase from $0.14 to $0.17, which missed estimates by $0.01. Denny's valuation looks a bit stretched at a price-to-earnings ratio of 27 after today's jump, however, given the company's otherwise slow growth.	84935938-ae6f-4e8a-b7dc-5a81b8be5b9b
727352.0	2018-10-31 00:00:00 UTC	Noteworthy Wednesday Option Activity: IRTC, DENN, NXPI	DENN	https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity-irtc-denn-nxpi-2018-10-31	nan	nan	Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in iRhythm Technologies Inc (Symbol: IRTC), where a total volume of 2,589 contracts has been traded thus far today, a contract volume which is representative of approximately 258,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 79.4% of IRTC's average daily trading volume over the past month, of 326,220 shares. Especially high volume was seen for the $80 strike call option expiring November 16, 2018 , with 1,150 contracts trading so far today, representing approximately 115,000 underlying shares of IRTC. Below is a chart showing IRTC's trailing twelve month trading history, with the $80 strike highlighted in orange: Denny's Corp (Symbol: DENN) options are showing a volume of 2,080 contracts thus far today. That number of contracts represents approximately 208,000 underlying shares, working out to a sizeable 72.3% of DENN's average daily trading volume over the past month, of 287,665 shares. Especially high volume was seen for the $15 strike call option expiring February 15, 2019 , with 963 contracts trading so far today, representing approximately 96,300 underlying shares of DENN. Below is a chart showing DENN's trailing twelve month trading history, with the $15 strike highlighted in orange: And NXP Semiconductors NV (Symbol: NXPI) saw options trading volume of 40,700 contracts, representing approximately 4.1 million underlying shares or approximately 71% of NXPI's average daily trading volume over the past month, of 5.7 million shares. Especially high volume was seen for the $85 strike call option expiring November 16, 2018 , with 6,608 contracts trading so far today, representing approximately 660,800 underlying shares of NXPI. Below is a chart showing NXPI's trailing twelve month trading history, with the $85 strike highlighted in orange: For the various different available expirations for IRTC options , DENN options , or NXPI options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Especially high volume was seen for the $15 strike call option expiring February 15, 2019 , with 963 contracts trading so far today, representing approximately 96,300 underlying shares of DENN. Below is a chart showing IRTC's trailing twelve month trading history, with the $80 strike highlighted in orange: Denny's Corp (Symbol: DENN) options are showing a volume of 2,080 contracts thus far today. That number of contracts represents approximately 208,000 underlying shares, working out to a sizeable 72.3% of DENN's average daily trading volume over the past month, of 287,665 shares.	Below is a chart showing IRTC's trailing twelve month trading history, with the $80 strike highlighted in orange: Denny's Corp (Symbol: DENN) options are showing a volume of 2,080 contracts thus far today. Below is a chart showing DENN's trailing twelve month trading history, with the $15 strike highlighted in orange: And NXP Semiconductors NV (Symbol: NXPI) saw options trading volume of 40,700 contracts, representing approximately 4.1 million underlying shares or approximately 71% of NXPI's average daily trading volume over the past month, of 5.7 million shares. That number of contracts represents approximately 208,000 underlying shares, working out to a sizeable 72.3% of DENN's average daily trading volume over the past month, of 287,665 shares.	Below is a chart showing DENN's trailing twelve month trading history, with the $15 strike highlighted in orange: And NXP Semiconductors NV (Symbol: NXPI) saw options trading volume of 40,700 contracts, representing approximately 4.1 million underlying shares or approximately 71% of NXPI's average daily trading volume over the past month, of 5.7 million shares. Below is a chart showing IRTC's trailing twelve month trading history, with the $80 strike highlighted in orange: Denny's Corp (Symbol: DENN) options are showing a volume of 2,080 contracts thus far today. That number of contracts represents approximately 208,000 underlying shares, working out to a sizeable 72.3% of DENN's average daily trading volume over the past month, of 287,665 shares.	Especially high volume was seen for the $15 strike call option expiring February 15, 2019 , with 963 contracts trading so far today, representing approximately 96,300 underlying shares of DENN. Below is a chart showing DENN's trailing twelve month trading history, with the $15 strike highlighted in orange: And NXP Semiconductors NV (Symbol: NXPI) saw options trading volume of 40,700 contracts, representing approximately 4.1 million underlying shares or approximately 71% of NXPI's average daily trading volume over the past month, of 5.7 million shares. Below is a chart showing IRTC's trailing twelve month trading history, with the $80 strike highlighted in orange: Denny's Corp (Symbol: DENN) options are showing a volume of 2,080 contracts thus far today.	f24cdb2b-1fed-4270-a3a9-34f55e75f719
727353.0	2018-10-31 00:00:00 UTC	Mid-Afternoon Market Update: Dow Up 400 Points; Strongbridge Biopharma Shares Spike Higher	DENN	https://www.nasdaq.com/articles/mid-afternoon-market-update-dow-400-points-strongbridge-biopharma-shares-spike-higher-2018	nan	nan	Toward the end of trading Wednesday, the Dow traded up 1.61 percent to 25,275.11 while the NASDAQ climbed 2.63 percent to 7,350.10. The S&P also rose, gaining 1.8 percent to 2,730.82. Leading and Lagging Sectors Wednesday afternoon, the information technology shares rose 2.9 percent. Meanwhile, top gainers in the sector included Ribbon Communications Inc (NASDAQ: RBBN ) up 21 percent, and 21Vianet Group, Inc. (NASDAQ: VNET ) up 16 percent. In trading on Wednesday, consumer staples shares fell 0.5 percent. Top Headline Facebook, Inc. (NASDAQ: FB ) reported upbeat earnings for its third quarter, while sales missed estimates. Facebook reported earnings of $1.76 per share, beating the $1.47 estimate by 19.7 percent. Sales came in at $13.73 billion against a $13.79-billion estimate, but a 32-percent year-over-year increase. The company reported daily active users for September were up 9 percent year-over-year. Equities Trading UP Strongbridge Biopharma plc (NASDAQ: SBBP ) shares shot up 54 percent to $6.23 after it was reported Novo Nordisk will acquire the US and Canadian rights to MACRILEN from the company and acquire 5.2 million shares for $7/share. Shares of Denny's Corporation (NASDAQ: DENN ) got a boost, shooting up 27 percent to $17.97 following Q3 results. Accuray Incorporated (NASDAQ: ARAY ) shares were also up, gaining 36 percent to $4.66 after the company posted Q1 results. Equities Trading DOWN Maxar Technologies Ltd. (NYSE: MAXR ) shares dropped 45 percent to $14.98 after the company reported weak Q3 results. Shares of Owens & Minor, Inc. (NYSE: OMI ) were down 42 percent to $8.2758 after the company reported downbeat Q3 sales and issued weak FY18 earnings forecast. McDermott International Inc (NYSE: MDR ) was down, falling around 44 percent to $7.26 after the company posted downbeat Q3 results and announced plans to divest storage tank business and U.S. pipe fabrication business. Commodities In commodity news, oil traded down 0.54 percent to $65.82 while gold traded down 0.89 percent to $1,214.40. Silver traded down 1.36 percent Wednesday to $14.265, while copper fell 0.47 to $2.6515. Eurozone European shares closed higher today. The eurozone's STOXX 600 climbed 1.71 percent, the Spanish Ibex Index rose 0.99 percent, while Italy's FTSE MIB Index rose 0.27 percent. Meanwhile the German DAX climbed 1.42 percent, and the French CAC 40 climbed 2.31 percent while U.K. shares rose 1.31 percent. Economics Private-sector employers added 227,000 new jobs in October. However, economists were expecting an addition of 189,000 new jobs. The employment cost index rose 0.8 percent for the third quarter, versus economists' expectations for a 0.7 percent increase. The Chicago PMI declined to 58.40 for October, versus prior reading of 60.40. However, economists were expecting a reading of 60.30. Domestic crude supplies climbed 3.2 million barrels for the week ended October 26, the Energy Information Administration reported. However, analysts projected a gain of 3.3 million barrels. Gasoline stockpiles dropped 3.2 million barrels, while distillate stockpiles declined 4.1 million barrels last week. © 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Get insight into trading platforms. Compare the best online stock brokerages. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares of Denny's Corporation (NASDAQ: DENN ) got a boost, shooting up 27 percent to $17.97 following Q3 results. Equities Trading DOWN Maxar Technologies Ltd. (NYSE: MAXR ) shares dropped 45 percent to $14.98 after the company reported weak Q3 results. Shares of Owens & Minor, Inc. (NYSE: OMI ) were down 42 percent to $8.2758 after the company reported downbeat Q3 sales and issued weak FY18 earnings forecast.	Shares of Denny's Corporation (NASDAQ: DENN ) got a boost, shooting up 27 percent to $17.97 following Q3 results. Equities Trading DOWN Maxar Technologies Ltd. (NYSE: MAXR ) shares dropped 45 percent to $14.98 after the company reported weak Q3 results. The employment cost index rose 0.8 percent for the third quarter, versus economists' expectations for a 0.7 percent increase.	Shares of Denny's Corporation (NASDAQ: DENN ) got a boost, shooting up 27 percent to $17.97 following Q3 results. Toward the end of trading Wednesday, the Dow traded up 1.61 percent to 25,275.11 while the NASDAQ climbed 2.63 percent to 7,350.10. The eurozone's STOXX 600 climbed 1.71 percent, the Spanish Ibex Index rose 0.99 percent, while Italy's FTSE MIB Index rose 0.27 percent.	Shares of Denny's Corporation (NASDAQ: DENN ) got a boost, shooting up 27 percent to $17.97 following Q3 results. Toward the end of trading Wednesday, the Dow traded up 1.61 percent to 25,275.11 while the NASDAQ climbed 2.63 percent to 7,350.10. Equities Trading DOWN Maxar Technologies Ltd. (NYSE: MAXR ) shares dropped 45 percent to $14.98 after the company reported weak Q3 results.	5bddb02a-1722-4024-a8c9-0a037a1e8415
727354.0	2018-10-30 00:00:00 UTC	Denny's (DENN) Q3 Earnings and Revenues Miss Estimates	DENN	https://www.nasdaq.com/articles/dennys-denn-q3-earnings-and-revenues-miss-estimates-2018-10-30	nan	nan	Denny's (DENN) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.53%. A quarter ago, it was expected that this restaurant operator would post earnings of $0.16 per share when it actually produced earnings of $0.18, delivering a surprise of 12.50%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $158.02 million for the quarter ended September 2018, missing the Zacks Consensus Estimate by 1.12%. This compares to year-ago revenues of $132.38 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Denny's shares have added about 8.7% since the beginning of the year versus the S&P 500's decline of -1.2%. What's Next for Denny's? While Denny's has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Denny's was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.17 on $157.95 million in revenues for the coming quarter and $0.68 on $630.37 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the top 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's (DENN) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $158.02 million for the quarter ended September 2018, missing the Zacks Consensus Estimate by 1.12%. Denny's shares have added about 8.7% since the beginning of the year versus the S&P 500's decline of -1.2%.	Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $158.02 million for the quarter ended September 2018, missing the Zacks Consensus Estimate by 1.12%. Denny's (DENN) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. Denny's shares have added about 8.7% since the beginning of the year versus the S&P 500's decline of -1.2%.	Denny's (DENN) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $158.02 million for the quarter ended September 2018, missing the Zacks Consensus Estimate by 1.12%. Denny's shares have added about 8.7% since the beginning of the year versus the S&P 500's decline of -1.2%.	Denny's (DENN) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $158.02 million for the quarter ended September 2018, missing the Zacks Consensus Estimate by 1.12%. Denny's shares have added about 8.7% since the beginning of the year versus the S&P 500's decline of -1.2%.	9ca28593-b966-49f6-a619-b1178834d643
727355.0	2018-10-24 00:00:00 UTC	Bear of the Day: Cracker Barrel (CBRL)	DENN	https://www.nasdaq.com/articles/bear-day-cracker-barrel-cbrl-2018-10-24	nan	nan	Cracker Barrel Old Country Store Inc. (CBRL) is struggling to get customers through the door. This Zacks Rank #5 (Strong Sell) saw declining restaurant traffic in its fiscal 2018 fourth quarter. Can it turn it around? Cracker Barrel Old Country Store operates a dining and shopping experience through its 655 company-owned Cracker Barrel Old Country Store locations in 45 states and its fast-casual Holler and Dash restaurants. Big Miss in the Fiscal Fourth Quarter On Sep 18, the company reported its fiscal fourth quarter results and missed on the Zacks Consensus by 17.7%. Earnings were $2.19 versus the Zacks Consensus of $2.66, for a 47 cent miss. Comparable restaurant sales declined 0.4% as the store retail stales rose 1.3% compared to the year ago period. A 3.1% increase in average check was partially offset by a 3.5% decrease in restaurant traffic. The company also saw average menu price increase 2.7%. A slowdown in comparable sales in May extended throughout the quarter, which spooked Wall Street. It was especially concerned by the drop in traffic, which came at a time of a strong employment market and high consumer confidence. The company attributed the traffic decline in part to its menu and marketing promotion not delivering. Estimates Cut Cracker Barrel supplied earnings guidance for fiscal 2019 which was below consensus. The result was that analysts had to cut. The guidance called for $8.95 to $9.10, under the Zacks Consensus of $9.51. 2 estimates were cut since the report, pushing the Zacks Consensus down to $8.86, which is under the guidance range. The company made $8.87 in fiscal 2018 so it's an earnings decline of 0.1%. Shares Aren't On Sale Cracker Barrel shares are holding up amidst the recent selling. They're actually up about 6% over the prior month and are down just 2% year-to-date. They're not on sale, at the moment. They still trade with a forward P/E of 18. But if you're looking for a restaurant group with a more attractive Zacks Rank, you might want to consider Denny's (DENN) which is a Zacks Rank #2 (Buy) or Dine Brands Global (DIN), which operates Applebee's and IHOP and is a Zacks Rank #3 (Hold). Today's Stocks from Zacks' Hottest Strategies It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%. And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dine Brands Global (DIN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	But if you're looking for a restaurant group with a more attractive Zacks Rank, you might want to consider Denny's (DENN) which is a Zacks Rank #2 (Buy) or Dine Brands Global (DIN), which operates Applebee's and IHOP and is a Zacks Rank #3 (Hold). Click to get this free report Dine Brands Global (DIN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #5 (Strong Sell) saw declining restaurant traffic in its fiscal 2018 fourth quarter.	Click to get this free report Dine Brands Global (DIN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis Report To read this article on Zacks.com click here. But if you're looking for a restaurant group with a more attractive Zacks Rank, you might want to consider Denny's (DENN) which is a Zacks Rank #2 (Buy) or Dine Brands Global (DIN), which operates Applebee's and IHOP and is a Zacks Rank #3 (Hold). This Zacks Rank #5 (Strong Sell) saw declining restaurant traffic in its fiscal 2018 fourth quarter.	But if you're looking for a restaurant group with a more attractive Zacks Rank, you might want to consider Denny's (DENN) which is a Zacks Rank #2 (Buy) or Dine Brands Global (DIN), which operates Applebee's and IHOP and is a Zacks Rank #3 (Hold). Click to get this free report Dine Brands Global (DIN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis Report To read this article on Zacks.com click here. Big Miss in the Fiscal Fourth Quarter On Sep 18, the company reported its fiscal fourth quarter results and missed on the Zacks Consensus by 17.7%.	But if you're looking for a restaurant group with a more attractive Zacks Rank, you might want to consider Denny's (DENN) which is a Zacks Rank #2 (Buy) or Dine Brands Global (DIN), which operates Applebee's and IHOP and is a Zacks Rank #3 (Hold). Click to get this free report Dine Brands Global (DIN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #5 (Strong Sell) saw declining restaurant traffic in its fiscal 2018 fourth quarter.	8c9cbcba-38d1-4123-821c-39ee1884ce1f
727356.0	2018-10-23 00:00:00 UTC	Denny's (DENN) Q3 Earnings Preview: What's in the Cards?	DENN	https://www.nasdaq.com/articles/dennys-denn-q3-earnings-preview%3A-whats-in-the-cards-2018-10-23	nan	nan	The market expects Denny's (DENN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 30. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This restaurant operator is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +35.7%. Revenues are expected to be $159.81 million, up 20.7% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is subject to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time , and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Denny's? For Denny's, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination makes it difficult to conclusively predict that Denny's will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Denny's would post earnings of $0.16 per share when it actually produced earnings of $0.18, delivering a surprise of +12.50%. Over the last four quarters, the company has beaten consensus EPS estimates three times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Denny's doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The market expects Denny's (DENN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. How Have the Numbers Shaped Up for Denny's? For Denny's, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate.	The market expects Denny's (DENN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. How Have the Numbers Shaped Up for Denny's? For Denny's, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate.	The market expects Denny's (DENN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. How Have the Numbers Shaped Up for Denny's? For Denny's, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate.	For Denny's, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. The market expects Denny's (DENN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. How Have the Numbers Shaped Up for Denny's?	3568960a-6796-4ec2-b915-a32b03dad4d6
727357.0	2018-10-16 00:00:00 UTC	The Zacks Analyst Blog Highlights: BJ's Restaurants, Good Times Restaurants, Wendy's, Darden Restaurants and Denny's	DENN	https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-bjs-restaurants-good-times-restaurants-wendys-darden	nan	nan	For Immediate Release Chicago, IL - October 16, 2018 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include BJ's Restaurants, Inc. BJRI , Good Times Restaurants Inc. GTIM , The Wendy's Company WEN , Darden Restaurants, Inc. DRI and Denny's Corporation DENN . Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free. Here are highlights from Monday's Analyst Blog: Strong Economy Buoys Dining Out: 5 Stocks for Juicy Gains The carnage on Wall Street isn't over. But on Main Street, good times are here to stay. Food and drinking places continue to see an uptick in footfall as Americans eat out more encouraged by a strong economy. The unemployment rate is at a record low, wages continue to increase at a steady clip and consumers are the most confident in almost two decades. Restaurant stocks are, thus, well poised to grow on signs of renewed consumer spending. Americans Are Eating Out More Spending at restaurants and bars has surged since early spring, increasing to the highest yearly pace in almost 25 years. Sales of foods and drinks at restaurants jumped 10.1% in the 12 months from last August, per the Commerce Department. But why just August? The restaurant industry has been able to put together its best third quarter in three years, according to TDn2K's latest Black Box report. Same-store sales advanced 1.2% in the third quarter, the best since the third quarter of 2015. Sales, particularly, in September grew 1.2%, which marked four consecutive months of positive year-over-year gains. Sales, by the way, were broad-based, with almost all regions of the country registering gains in September as well as the third quarter. Victor Fernandez, vice president of insights and knowledge for TDn2K, in a recent statement confirmed that "top-line numbers were good for the latest quarter and months." What's Behind the Sky-High Spending at Restaurants? People are obviously dining out more since the economy is in good shape and they are more secure about their jobs. In fact, they are pretty confident about their financial well-being. On the contrary, they don't anticipate any near-term recession. This is because most of the components of the Conference Board's Leading Economic Index currently indicate a 3% or more growth rate in GDP in the final two quarters of the year. Thus, the economy is on track to hit the Trump administration's annual growth target of 3%. If that happens, it would be the best yearly performance since 2005, two years before the Great Recession. The economy has already expanded at a seasonally adjusted rate of 4.2% in the April-June quarter, per the Commerce Department. This marked the strongest rise since a 4.3% annual gain recorded in the third quarter of 2014. U.S. unemployment rate, in the meantime, fell to a 49-year low of 3.7% in September, the lowest since December 1969, per the Labor Department. At the same time, wage growth is widely expected to top the 3% mark in the near term on rising competition for a shrinking pool of qualified workers. Needless to say, the U.S. consumer confidence soared to its highest level in 18 years in September, per the Conference Board. Such high consumer confidence boosted consumer spending. Restaurants, in turn, gained as rise in spending drove their revenues. 5 of the Best Restaurant Stocks to Invest In Since restaurants are positioned to benefit from this solid reading on the overall economy, picking stocks from the same will be a smart move. We have, thus, selected five solid restaurant stocks that flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy). BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company has a Zacks Rank #1. The Zacks Consensus Estimate for the company's earnings rose 0.5% in the last 60 days. The company's expected earnings growth rate for the current year is 50.4% compared with the Retail - Restaurants industry's estimated rally of 8.7%. Good Times Restaurants Inc. engages in restaurant business in the United States. The company has a Zacks Rank #1. The Zacks Consensus Estimate for the company's earnings rose 11% in the last 60 days. The company's expected earnings growth rate for the current year is 38.9% compared with the Retail - Restaurants industry's projected rise of 8.7%. The Wendy's Company operates as a quick-service restaurant company. The company has a Zacks Rank #2. The Zacks Consensus Estimate for the company's earnings increased 1.8% in the last 60 days. The company's expected earnings growth rate for the current year is 30.2% compared with the Retail - Restaurants industry's expected rally of 8.7%. You can see the complete list of today's Zacks #1 Rank stocks here . Darden Restaurants, Inc. owns and operates full-service restaurants in the United States. The company has a Zacks Rank #2. The Zacks Consensus Estimate for the company's earnings improved almost 2% in the last 60 days. The company's expected earnings growth rate for the current year is 16.8% compared with the Retail - Restaurants industry's estimated rally of 8.7%. Denny's Corporation owns and operates full-service restaurant chains under the Denny's brand. The company has a Zacks Rank #2. The Zacks Consensus Estimate for the company's earnings rose 1.5% in the last 60 days. The company's expected earnings growth rate for the current year is 17.2% compared with the Retail - Restaurants industry's projected rally of 8.7%. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>. Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com/ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Stocks recently featured in the blog include BJ's Restaurants, Inc. BJRI , Good Times Restaurants Inc. GTIM , The Wendy's Company WEN , Darden Restaurants, Inc. DRI and Denny's Corporation DENN . Denny's Corporation owns and operates full-service restaurant chains under the Denny's brand. Click to get this free report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.	Stocks recently featured in the blog include BJ's Restaurants, Inc. BJRI , Good Times Restaurants Inc. GTIM , The Wendy's Company WEN , Darden Restaurants, Inc. DRI and Denny's Corporation DENN . Click to get this free report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation owns and operates full-service restaurant chains under the Denny's brand.	Stocks recently featured in the blog include BJ's Restaurants, Inc. BJRI , Good Times Restaurants Inc. GTIM , The Wendy's Company WEN , Darden Restaurants, Inc. DRI and Denny's Corporation DENN . Click to get this free report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation owns and operates full-service restaurant chains under the Denny's brand.	Stocks recently featured in the blog include BJ's Restaurants, Inc. BJRI , Good Times Restaurants Inc. GTIM , The Wendy's Company WEN , Darden Restaurants, Inc. DRI and Denny's Corporation DENN . Denny's Corporation owns and operates full-service restaurant chains under the Denny's brand. Click to get this free report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.	1893ebb3-5072-4a22-81ce-213a72bcc1f5
727358.0	2018-10-15 00:00:00 UTC	Strong Economy Buoys Dining Out: 5 Stocks for Juicy Gains	DENN	https://www.nasdaq.com/articles/strong-economy-buoys-dining-out-5-stocks-juicy-gains-2018-10-15	nan	nan	The carnage on Wall Street isn't over. But on Main Street, good times are here to stay. Food and drinking places continue to see an uptick in footfall as Americans eat out more encouraged by a strong economy. The unemployment rate is at a record low, wages continue to increase at a steady clip and consumers are the most confident in almost two decades. Restaurant stocks are, thus, well poised to grow on signs of renewed consumer spending. Americans Are Eating Out More Spending at restaurants and bars has surged since early spring, increasing to the highest yearly pace in almost 25 years. Sales of foods and drinks at restaurants jumped 10.1% in the 12 months from last August, per the Commerce Department. But why just August? The restaurant industry has been able to put together its best third quarter in three years, according to TDn2K's latest Black Box report. Same-store sales advanced 1.2% in the third quarter, the best since the third quarter of 2015. Sales, particularly, in September grew 1.2%, which marked four consecutive months of positive year-over-year gains. Sales, by the way, were broad-based, with almost all regions of the country registering gains in September as well as the third quarter. Victor Fernandez, vice president of insights and knowledge for TDn2K, in a recent statement confirmed that "top-line numbers were good for the latest quarter and months." What's Behind the Sky-High Spending at Restaurants? People are obviously dining out more since the economy is in good shape and they are more secure about their jobs. In fact, they are pretty confident about their financial well-being. On the contrary, they don't anticipate any near-term recession. This is because most of the components of the Conference Board's Leading Economic Index currently indicate a 3% or more growth rate in GDP in the final two quarters of the year. Thus, the economy is on track to hit the Trump administration's annual growth target of 3%. If that happens, it would be the best yearly performance since 2005, two years before the Great Recession. The economy has already expanded at a seasonally adjusted rate of 4.2% in the April-June quarter, per the Commerce Department. This marked the strongest rise since a 4.3% annual gain recorded in the third quarter of 2014. U.S. unemployment rate, in the meantime, fell to a 49-year low of 3.7% in September, the lowest since December 1969, per the Labor Department. At the same time, wage growth is widely expected to top the 3% mark in the near term on rising competition for a shrinking pool of qualified workers. Needless to say, the U.S. consumer confidence soared to its highest level in 18 years in September, per the Conference Board. Such high consumer confidence boosted consumer spending. Restaurants, in turn, gained as rise in spending drove their revenues. 5 of the Best Restaurant Stocks to Invest In Since restaurants are positioned to benefit from this solid reading on the overall economy, picking stocks from the same will be a smart move. We have, thus, selected five solid restaurant stocks that flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy). BJ's Restaurants, Inc.BJRI owns and operates casual dining restaurants in the United States. The company has a Zacks Rank #1. The Zacks Consensus Estimate for the company's earnings rose 0.5% in the last 60 days. The company's expected earnings growth rate for the current year is 50.4% compared with the Retail - Restaurants industry's estimated rally of 8.7%. Good Times Restaurants Inc.GTIM engages in restaurant business in the United States. The company has a Zacks Rank #1. The Zacks Consensus Estimate for the company's earnings rose 11% in the last 60 days. The company's expected earnings growth rate for the current year is 38.9% compared with the Retail - Restaurants industry's projected rise of 8.7%. The Wendy's CompanyWEN operates as a quick-service restaurant company. The company has a Zacks Rank #2. The Zacks Consensus Estimate for the company's earnings increased 1.8% in the last 60 days. The company's expected earnings growth rate for the current year is 30.2% compared with the Retail - Restaurants industry's expected rally of 8.7%. You can see the complete list of today's Zacks #1 Rank stocks here . Darden Restaurants, Inc.DRI owns and operates full-service restaurants in the United States. The company has a Zacks Rank #2. The Zacks Consensus Estimate for the company's earnings improved almost 2% in the last 60 days. The company's expected earnings growth rate for the current year is 16.8% compared with the Retail - Restaurants industry's estimated rally of 8.7%. Denny's CorporationDENN owns and operates full-service restaurant chains under the Denny's brand. The company has a Zacks Rank #2. The Zacks Consensus Estimate for the company's earnings rose 1.5% in the last 60 days. The company's expected earnings growth rate for the current year is 17.2% compared with the Retail - Restaurants industry's projected rally of 8.7%. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Wendy's Company (WEN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's CorporationDENN owns and operates full-service restaurant chains under the Denny's brand. Click to get this free report The Wendy's Company (WEN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report To read this article on Zacks.com click here. Victor Fernandez, vice president of insights and knowledge for TDn2K, in a recent statement confirmed that "top-line numbers were good for the latest quarter and months."	Click to get this free report The Wendy's Company (WEN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN owns and operates full-service restaurant chains under the Denny's brand. The company's expected earnings growth rate for the current year is 50.4% compared with the Retail - Restaurants industry's estimated rally of 8.7%.	Click to get this free report The Wendy's Company (WEN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN owns and operates full-service restaurant chains under the Denny's brand. The company's expected earnings growth rate for the current year is 50.4% compared with the Retail - Restaurants industry's estimated rally of 8.7%.	Denny's CorporationDENN owns and operates full-service restaurant chains under the Denny's brand. Click to get this free report The Wendy's Company (WEN): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report To read this article on Zacks.com click here. The restaurant industry has been able to put together its best third quarter in three years, according to TDn2K's latest Black Box report.	37037433-dfd5-4bd9-ab04-1df0f2617034
727359.0	2018-10-08 00:00:00 UTC	Wendy's (WEN) Stock Up 14% in a Year: Can it Gain Further?	DENN	https://www.nasdaq.com/articles/wendys-wen-stock-up-14-in-a-year%3A-can-it-gain-further-2018-10-08	nan	nan	Shares of The Wendy's CompanyWEN are riding high on sales building initiatives, increased investments in technology, reimaging of its restaurants and expansion of delivery service. These efforts have helped the company's shares to gain 13.8% in a year's time compared with the industry 's 8.5% growth. However, higher labor and commodity costs along with capital spending remain concerns. Let's delve deeper. Factors Driving Growth Wendy's top-line performance has been impressive over the past few quarters. Additionally, its brand transformation initiatives that include menu innovation, promotional offers and bold new packaging for boosting sales bode well for the company. Notably, the first quarter of 2018 marked its 21st consecutive quarter of positive same-store sales growth in North America, mirroring long-term strength and relevance of the brand. We expect the company's solid menu pipeline, limited time offers (LTO), marketing initiatives and increased emphasis on core and price value offerings to help maintain the trend. The company will transition to 100% cage-free eggs for its breakfast items served at the U.S. and Canadian locations by 2020. Also, it intends to eliminate the use of gestation stalls from its pork supply chain by 2022. These efforts will make the company popular among health-conscious diners. All in all, Wendy's expects its balanced marketing approach, new restaurant development and reimaging of restaurants to drive long-term growth. These, in turn, should help the company to achieve its 2020 target of $12 billion in system wide sales. Further, Wendy's remains on track to achieve its goal of 7,500 global restaurants by 2020. Also, it plans to expand and form partnerships in emerging markets of Argentina, the Philippines and Japan. Hurdles to Cross Rise in cost might dent the company's margin in the coming quarters. In fact, Wendy's would incur additional capital expenditures in a bid to boost the re-imaging program. This, in turn, might lower free cash flow in the near term. Although the company has transitioned toward a franchise-based model that reduces capital expenditures, we believe it will take time to reap benefits. For 2018, Wendy's expects capital expenditures of approximately $75-$80 million. Zacks Rank & Stocks to Consider Wendy's currently has a Zacks Rank #3 (Hold). Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), while Carrols Restaurant and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . BJ's Restaurants, Carrols Restaurant and Denny's earnings in the current year is expected to increase by 50.4%, 80% and 17.2%, respectively. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), while Carrols Restaurant and Denny's carry a Zacks Rank #2 (Buy). BJ's Restaurants, Carrols Restaurant and Denny's earnings in the current year is expected to increase by 50.4%, 80% and 17.2%, respectively.	Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), while Carrols Restaurant and Denny's carry a Zacks Rank #2 (Buy). Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report To read this article on Zacks.com click here.	BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), while Carrols Restaurant and Denny's carry a Zacks Rank #2 (Buy). Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN .	Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), while Carrols Restaurant and Denny's carry a Zacks Rank #2 (Buy). BJ's Restaurants, Carrols Restaurant and Denny's earnings in the current year is expected to increase by 50.4%, 80% and 17.2%, respectively.	01e77e3f-14ce-48c2-965a-8db49359da32
727360.0	2018-10-04 00:00:00 UTC	Chipotle (CMG) Tests New Loyalty Program in Three Cities	DENN	https://www.nasdaq.com/articles/chipotle-cmg-tests-new-loyalty-program-in-three-cities-2018-10-04	nan	nan	In an effort to attract more customers, Chipotle Mexican Grill, Inc.CMG has launched new loyalty program, Chipotle Rewards. The company is currently testing the new loyalty program in three cities, Phoenix, Kansas City, and Columbus, OH. Chipotle is likely to launch this program nationwide by 2019. Through the Chipotle app or on Chipotle.com eligible customers can sign-up for Chipotle Rewards. For every $1 spent, customers can get 10 reward points. After the accumulation of 1,250 reward points they will be able to select their favorite menu item without restrictions. Chief digital and information officer, Curt Garner stated that "Chipotle Rewards is a critical part of our efforts to digitize and modernize the restaurant experience". The latest move underscores the company's efforts to strengthen its brand by focusing on discounts and rewards. The company's new CEO Brian Niccol has successfully shown his expertise in restaurant operations, digital technologies and branding, which have significantly boosted Chipotle's first- and second-quarter earnings. Moreover, Chipotle has gained 40.6% in the past year, outperforming the industry 's growth of 6.8%. Digitization to Drive Growth Chipotle is prioritizing its e-Commerce program to gain customer confidence as part of its digital innovation. Also, it is aggressively trying to make digital ordering more appealing to customers and very efficient for its restaurants in order to drive digital sales and retain customers. To this end, Chipotle redesigned and simplified its online ordering site, enabled online payment for catering, online meal customizations and collaborated with several well-known third-party providers for delivery. Till date, delivery is available from 1,700 Chipotle restaurants. The company targeted to reach 2,000 restaurants by the year end. In the second quarter, the company made new records as digital sales mix was 10.3% of sales and grew 20% year over year. Also, digital sales grew 33% year over year. Since the rollout of its "Smarter Pickup Times" technology, there has been a significant increase in digital orders and higher guest satisfaction as well. As the company's digital orders are made on a second make line, it allows Chipotle to deliver excellent throughput and enhance the experience of customers who are increasingly shifting to digital ordering. Zacks Rank & Stocks to Consider Chipotle currently has a Zacks Rank #3 (Hold). Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . BJ's Restaurants, Carrols Restaurant and Denny's earnings in the current year is expected to grow by 50.4%, 80% and 17.2%, respectively. 5 Companies Verge on Apple-Like Run Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . BJ's Restaurants, Carrols Restaurant and Denny's earnings in the current year is expected to grow by 50.4%, 80% and 17.2%, respectively. Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report To read this article on Zacks.com click here.	Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. BJ's Restaurants, Carrols Restaurant and Denny's earnings in the current year is expected to grow by 50.4%, 80% and 17.2%, respectively.	Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . BJ's Restaurants, Carrols Restaurant and Denny's earnings in the current year is expected to grow by 50.4%, 80% and 17.2%, respectively.	BJ's Restaurants, Carrols Restaurant and Denny's earnings in the current year is expected to grow by 50.4%, 80% and 17.2%, respectively. Better-ranked stocks worth considering in the same space include BJ's Restaurants, Inc. BJRI , Carrols Restaurant Group, Inc. TAST and Denny's Corporation DENN . Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report To read this article on Zacks.com click here.	e4a50f1c-763b-4980-8326-e14fb032b5ec
727361.0	2018-09-14 00:00:00 UTC	Commit To Purchase Denny's Corp At $12.50, Earn 5.7% Annualized Using Options	DENN	https://www.nasdaq.com/articles/commit-purchase-dennys-corp-1250-earn-57-annualized-using-options-2018-09-14	nan	nan	Investors eyeing a purchase of Denny's Corp (Symbol: DENN) shares, but tentative about paying the going market price of $14.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2019 put at the $12.50 strike, which has a bid at the time of this writing of 30 cents. Collecting that bid as the premium represents a 2.4% return against the $12.50 commitment, or a 5.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost ). Selling a put does not give an investor access to DENN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $12.50 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Denny's Corp sees its shares fall 14% and the contract is exercised (resulting in a cost basis of $12.20 per share before broker commissions, subtracting the 30 cents from $12.50), the only upside to the put seller is from collecting that premium for the 5.7% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $12.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the February 2019 put at the $12.50 strike for the 5.7% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Denny's Corp (considering the last 252 trading day closing values as well as today's price of $14.50) to be 26%. For other put options contract ideas at the various different available expirations, visit the DENN Stock Options page of StockOptionsChannel.com. Top YieldBoost Puts of Stocks Conducting Buybacks » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors eyeing a purchase of Denny's Corp (Symbol: DENN) shares, but tentative about paying the going market price of $14.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $12.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the February 2019 put at the $12.50 strike for the 5.7% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Denny's Corp (considering the last 252 trading day closing values as well as today's price of $14.50) to be 26%.	Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $12.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the February 2019 put at the $12.50 strike for the 5.7% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Denny's Corp (considering the last 252 trading day closing values as well as today's price of $14.50) to be 26%. Investors eyeing a purchase of Denny's Corp (Symbol: DENN) shares, but tentative about paying the going market price of $14.50/share, might benefit from considering selling puts among the alternative strategies at their disposal.	Selling a put does not give an investor access to DENN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. So unless Denny's Corp sees its shares fall 14% and the contract is exercised (resulting in a cost basis of $12.20 per share before broker commissions, subtracting the 30 cents from $12.50), the only upside to the put seller is from collecting that premium for the 5.7% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $12.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the February 2019 put at the $12.50 strike for the 5.7% annualized rate of return represents good reward for the risks.	Investors eyeing a purchase of Denny's Corp (Symbol: DENN) shares, but tentative about paying the going market price of $14.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $12.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the February 2019 put at the $12.50 strike for the 5.7% annualized rate of return represents good reward for the risks. For other put options contract ideas at the various different available expirations, visit the DENN Stock Options page of StockOptionsChannel.com.	8164d208-886c-4d83-9c58-0904432c207f
727362.0	2018-09-12 00:00:00 UTC	7 Small-Cap Restaurant Stocks to Buy	DENN	https://www.nasdaq.com/articles/7-small-cap-restaurant-stocks-buy-2018-09-12	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors looking for small-cap restaurant stocks to buy got great news in August. The restaurant industry released its sales numbers for August on Sept. 7. They were the best results since September 2015, with same-store sales up 1.8% including 2.9% growth in the final week of the month. "At the end of July there was concern that restaurant sales might be slowing and the much-awaited recovery might be coming to an end," said Victor Fernandez, vice president of insights and knowledge for TDn2K, a data analytics company that specializes in the restaurant industry. "Nonetheless, sales in the first three weeks of August, which were pre-hurricane, were up 1.5 percent. Had this been the final result for the month, it would still have been the best performance since September of 2015, and it represented a 0.9 percentage point improvement over July's same-store sales." 9 Marijuana Stocks to Play the Pot Craze Although the natural inclination is to pick out the largest restaurant chains in the nation, if you're interested in snagging bigger gains, you might want to consider these seven small-cap stocks in the sector. Small-Cap Restaurant Stocks to Buy: Shake Shack (SHAK) Source: Mike Mozart via Flickr (modified) I have a confession to make: I'd completely lost track of Shake Shack (NYSE: SHAK ) until putting together my picks for this gallery. Back in February 2016, I recommended investors pick up SHAK stock. At the time, it was trading around $34. My argument was that it was trading around three times sales compared to 2.3 times sales for Chipotle Mexican Grill (NYSE: CMG ) at approximately the same time in its growth trajectory. Today, Shake Shake trades around 3.9 times sales, which isn't too pricey for a company that's still growing in a restaurant environment that's much stronger. " Restaurant stocks are back in favor," stated Piper Jeffrey senior analyst Nicole Miller Regan in August on CNBC . "And there's not another company-owned domestic model with double-digit growth that's putting up positive comps. Shake Shack's in a category of their own." Indeed it is. $95, here we come. Small-Cap Restaurant Stocks to Buy: Wingstop (WING) Source: Shutterstock It has been nine months since Roark Capital paid $2.4 billion to acquireBuffalo Wild Wings . The private equity firm bought the restaurant chain after a year-long proxy fight that ended in long-time CEO Sally Smith retiring after two decades running the restaurant stock. Roark paid approximately 1.2 times and 17.5 times its 2016 sales and operating income respectively. It had an operating margin of 6.9%. In Q2 2018, Wingstop (NASDAQ: WING ) grew same-store sales by 4.3% at its U.S. stores. That's on top of 2% same-store sales growth a year earlier. More importantly, its asset-light business model delivered an operating margin of 26.8% in the second quarter; for the trailing 12 months, it's got an operating margin of 34% , making it a very profitable business. "Wingstop completed another strong quarter of growth on both the top and bottom lines as we continue positioning ourselves to become a top 10 global restaurant brand," CEO Charlie Morrison stated in its press release. "We are effectively executing against our four growth strategies: building greater awareness through national advertising, innovating through technology to enhance the guest experience, optimizing delivery in test markets ahead of a national roll out in 2019, and expanding our international presence." WING stock is up 70% year to date. While it's doing a good job for investors, it's not cheap, trading at 51 times operating income. 7 Trucking Stocks to Buy as Retail Markets Shift Into Higher Gear It's expensive, I'll grant you. However, in three-to-five years you will have forgotten how overvalued it was. Small-Cap Restaurant Stocks to Buy: BJ's Restaurants (BJRI) Source: Gadgetdude via Flickr Talk about a stock that's on fire. BJ's Restaurants (NASDAQ: BJRI ) is up 16% over the past month. That's almost four times the entire restaurant category, which is also experiencing significant momentum. In mid-August, I recommended BJRI stock as an alternative to Goldman Sachs' conviction buy pick, Performance Food Group (NYSE: PFGC ). It is up almost 16% since then versus a slight dip for PFGC. It's still early days, I'll grant you, but I'm pretty confident you'll see that same outperformance over the next year and beyond. The fact is, despite the run-up in its stock, BJ's is still trading at just 12.6 times cash flow. And that's great news when you consider that it has completely turned around its business from this time last year. In fact, in the second quarter it grew same-store sales by 5.6% , 70 basis points higher than in the first quarter - a sign there's plenty of growth left in BJ's tank. Small-Cap Restaurant Stocks to Buy: Sonic (SONC) Source: Shutterstock Of all the companies on my list of small-cap restaurant stocks to buy, Sonic (NASDAQ: SONC ) is doing the worst regarding positive comps. In the third quarter ended May 31, Sonic saw same-store sales decline by 0.2% . However, compared to the same quarter last year, which saw same-store sales decline by 1.2%, it's headed in the right direction. As we sit here today, Sonic is not a cheap stock, trading at 16 times cash flow. And it doesn't look like the moves it's making to revive sales will deliver enough growth in the fourth quarter to move the needle on its valuation and share price. However, the fact that it has kept a lid on costs over the past year, leading to improved free cash flow - it expects $60 million for fiscal 2018, more than double fiscal 2017 - suggests any real move in same-store sales in the next 2-3 quarters should push SONC stock higher. 7 Dividend Stocks to Buy Amid This Tough Market Environment In the meantime, enjoy its 1.7% dividend yield and aggressive share repurchase program. Small-Cap Restaurant Stocks to Buy: Denny's (DENN) Source: Mike Mozart via Flickr Denny's (NASDAQ: DENN ) stock had come a long way from the 2009 market bottom when it was trading below $2. Up over 800% since then, the easy money has already been had. Now it's got to deliver on its plan to sell more food 24/7 and not just at breakfast and late night. Part of that plan includes Denny's on Demand that allows customers to order online for takeout or delivery at any time of day. It seems to be working. If you look at the share of Denny's transactions that are off-premises, they're almost equally divided amongst breakfast, lunch, dinner and late night. Even better, 61% of its online sales are from people between the ages of 18 and 34, creating a nice mix between visits in-restaurant and off-premises. The other transition involves making the restaurants more attractive. "They got a little cold," said CEO John Miller in a January interview with Jim Cramer. "67% of the system is on the new image and about 80% by the end of fiscal 2018." Add to this its $2, $4, $6, $8 value menu, and you've got an asset-light business model that's ready to take off. Next stop, $20. Perhaps higher. Small-Cap Restaurant Stocks to Buy: Ruth's Hospitality (RUTH) Source: Mike Mozart via Flickr If you bought IPO shares of Ruth's Hospitality Group (NASDAQ: RUTH ) when it went public at $18 a share in August 2005, today you'd be sitting on a 4.1% annualized total return. That's not a horrible return given that RUTH stock traded below $1 as recently as March 2009. If you bought at the bottom of the market back in 2009 and still hold today, you're sitting on a 49% annualized total return. Those are two entirely different perspectives, wouldn't you say? I no longer eat meat, so I've lost touch with the Ruth's Chris story. However, business appears to be doing just fine. In the second quarter ended July 1, 2018, Ruth's Hospitality increased revenue by 9.6% to $109.6 million with the all-important same-store sales metric improving by 1.3%. Meanwhile, on the bottom line, profits rose 23% to $9.6 million. It's the perfect time for long-time CEO Michael O'Donnell to hand over the reins to COO Cheryl Henry. "I am incredibly proud of the team we have assembled here at Ruth's Hospitality Group and of our many accomplishments over the last 10 years," O'Donnell stated in the company's Q2 2018 press release. "The Company is well-positioned for continued success, due in large part to initiatives designed and implemented by Cheryl Henry, our new Chief Executive Officer." How Legal Sports Betting Platforms Are About to Skyrocket O'Donnell joined the company at a difficult time in its history, in August 2008. Since then, he has done a great job reviving both the company and its stock. He's leaving the CEO position on a high note. Small-Cap Restaurant Stocks to Buy: Ark Restaurants (ARKR) Source: 6SN7 via Flickr Although Ark Restaurants (NASDAQ: ARKR ) is the smallest of these small-cap stocks at $79 million, it has some interesting restaurants among its empire of 22 locations in seven states. In the third quarter ended June 30, 2018, it had revenue of $44.8 million , 8.3% higher than a year earlier thanks to 2.3% same-store sales growth. Its two biggest markets by revenue are Las Vegas and New York, which accounted for 55% of its revenue in Q3 2018 and saw same-store sales growth of 3.2% and 4.7% respectively in the quarter. Regarding profits, it grew operating income by 54.7% to $3.8 million - an operating margin of 8.5%, 260 basis points higher than a year earlier. CEO Michael Weinstein along with the rest of the company's officers and directors own 43% of its stock, keeping them incentivized to deliver results on both the top and bottom line. Call this a hunch, but with an earnings yield of 6.2%, 140 basis points higher than the S&P 500, ARKR stock is a decent value proposition. Should it fall below $20, I'd be a big buyer because it hasn't traded below that level on a consistent basis since 2013. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. Compare Brokers The post 7 Small-Cap Restaurant Stocks to Buy appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Small-Cap Restaurant Stocks to Buy: Denny's (DENN) Source: Mike Mozart via Flickr Denny's (NASDAQ: DENN ) stock had come a long way from the 2009 market bottom when it was trading below $2. Part of that plan includes Denny's on Demand that allows customers to order online for takeout or delivery at any time of day. If you look at the share of Denny's transactions that are off-premises, they're almost equally divided amongst breakfast, lunch, dinner and late night.	Small-Cap Restaurant Stocks to Buy: Denny's (DENN) Source: Mike Mozart via Flickr Denny's (NASDAQ: DENN ) stock had come a long way from the 2009 market bottom when it was trading below $2. Part of that plan includes Denny's on Demand that allows customers to order online for takeout or delivery at any time of day. If you look at the share of Denny's transactions that are off-premises, they're almost equally divided amongst breakfast, lunch, dinner and late night.	Small-Cap Restaurant Stocks to Buy: Denny's (DENN) Source: Mike Mozart via Flickr Denny's (NASDAQ: DENN ) stock had come a long way from the 2009 market bottom when it was trading below $2. Part of that plan includes Denny's on Demand that allows customers to order online for takeout or delivery at any time of day. If you look at the share of Denny's transactions that are off-premises, they're almost equally divided amongst breakfast, lunch, dinner and late night.	Small-Cap Restaurant Stocks to Buy: Denny's (DENN) Source: Mike Mozart via Flickr Denny's (NASDAQ: DENN ) stock had come a long way from the 2009 market bottom when it was trading below $2. Part of that plan includes Denny's on Demand that allows customers to order online for takeout or delivery at any time of day. If you look at the share of Denny's transactions that are off-premises, they're almost equally divided amongst breakfast, lunch, dinner and late night.	9e1f8ca8-dbfa-477d-89a1-59a62eb40ef0
727363.0	2018-08-24 00:00:00 UTC	National Waffle Day 2018: Where Are the Deals?	DENN	https://www.nasdaq.com/articles/national-waffle-day-2018-where-are-deals-2018-08-24	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Today is National Waffle Day 2018, but that doesn't mean there are loads of deals for customers. Source: Shutterstock Customers that were hoping to stop by their favorite breakfast chain today for some cheap, or free, waffles are out of luck. Some of the biggest names in breakfast, such as Denny's (NASDAQ: DENN ), Waffle House and Dine Brands' (NYSE: DIN ) IHOP, aren't offering special deals for National Waffle Day 2018. In a weird turn of events, the one major restaurant chain that does have a special promotion available for National Waffle Day 2018 is White Castle . The chain is offering one free Belgian Waffle Slider to those with coupons, which can be found on its website. This doesn't mean that there still aren't some special deals out there for customers to find today. Instead, it just means that they may have to look to their local Ma & Pa shops to see if they have any special offers for National Waffle Day 2018, reports Heavy.com . 5 Undervalued Energy Stocks That Are Bound to Make a Comeback So what exactly's going on here? Why are none of the big chain's celebrating National Waffle Day 2018? It might just be a timing thing. See, today is National Waffle Day 2018, but National Waffle Week is just around the corner. It takes place from Sept. 2, 2018 to Sept. 8, 2018. Many chains may be waiting to hold their waffle promotions then. The lack of deals may be disappointing, but there are plenty of other ways to celebrate National Waffle Day 2018 today. That includes homemade waffles, and you don't have to just stick with plain ones. There are plenty of interesting waffle recipes out there to try. More From InvestorPlace 10 Dow Jones Stocks to Buy Before They Rally 7 Growth Stocks to Buy Now 7 Athletes Turned Professional Investors Safe Investments to Regularly Earn 12%-Plus As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post National Waffle Day 2018: Where Are the Deals? appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Some of the biggest names in breakfast, such as Denny's (NASDAQ: DENN ), Waffle House and Dine Brands' (NYSE: DIN ) IHOP, aren't offering special deals for National Waffle Day 2018. Source: Shutterstock Customers that were hoping to stop by their favorite breakfast chain today for some cheap, or free, waffles are out of luck. In a weird turn of events, the one major restaurant chain that does have a special promotion available for National Waffle Day 2018 is White Castle .	Some of the biggest names in breakfast, such as Denny's (NASDAQ: DENN ), Waffle House and Dine Brands' (NYSE: DIN ) IHOP, aren't offering special deals for National Waffle Day 2018. Why are none of the big chain's celebrating National Waffle Day 2018? The lack of deals may be disappointing, but there are plenty of other ways to celebrate National Waffle Day 2018 today.	Some of the biggest names in breakfast, such as Denny's (NASDAQ: DENN ), Waffle House and Dine Brands' (NYSE: DIN ) IHOP, aren't offering special deals for National Waffle Day 2018. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Today is National Waffle Day 2018, but that doesn't mean there are loads of deals for customers. See, today is National Waffle Day 2018, but National Waffle Week is just around the corner.	Some of the biggest names in breakfast, such as Denny's (NASDAQ: DENN ), Waffle House and Dine Brands' (NYSE: DIN ) IHOP, aren't offering special deals for National Waffle Day 2018. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Today is National Waffle Day 2018, but that doesn't mean there are loads of deals for customers. This doesn't mean that there still aren't some special deals out there for customers to find today.	a56d5426-2a7d-488e-81fb-7451cb602564
727364.0	2018-07-30 00:00:00 UTC	Denny’s (DENN) Stock Slides Following Q2 Earnings Report	DENN	https://www.nasdaq.com/articles/dennys-denn-stock-slides-following-q2-earnings-report-2018-07-30	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's (NASDAQ: DENN ) reported its latest quarterly earnings results, which sent shares on the decline despite a revenue increase compared to the year-ago quarter. The restaurant chain said that for its second quarter of fiscal 2018 it amassed net income of $11.6 million, or 18 cents per diluted share. On an adjusted basis, the company's net income was $11.7 million, or 18 cents per diluted share. Denny's added that its total operating revenue was 18% higher than it was during the year-ago quarter, arriving at $157.3 million. This increase was due in large part to the benefit of revenue recognition changes. The chain's domestic system-wide same-store sales were down by about 0.7% compared to the year-ago quarter. This figure included a 0.1% dip at company restaurants and a 0.8% slide at domestic franchised restaurants, due in large part to a negative holiday season. "Although sales were challenged by a formidable year-ago comparison, a negative holiday shift, and a highly competitive value environment, we generated strong total operating margins through effective cost management and grew Adjusted Net Income Per Share* by 28.2%," said Denny's CEO and President John Miller. "Going forward, we remain committed to delivering positive and profitable system sales growth by executing our on-going brand revitalization strategy, enhancing the overall guest experience, and expanding our global reach." DENN stock was down about 0.9% during regular trading hours in anticipation of the company's quarterly earnings results, which sent shares down about 3.4% after the bell Monday. More From InvestorPlace 20 Russian Stocks to Watch After Trump's Helsinki Gaffe 10 Cheap Consumer Stocks for an Uncertain Market 7 Top S&P 500 Stocks to Consider for Long-Term Gains Compare Brokers The post Denny's (DENN) Stock Slides Following Q2 Earnings Report appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	"Although sales were challenged by a formidable year-ago comparison, a negative holiday shift, and a highly competitive value environment, we generated strong total operating margins through effective cost management and grew Adjusted Net Income Per Share* by 28.2%," said Denny's CEO and President John Miller. DENN stock was down about 0.9% during regular trading hours in anticipation of the company's quarterly earnings results, which sent shares down about 3.4% after the bell Monday. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's (NASDAQ: DENN ) reported its latest quarterly earnings results, which sent shares on the decline despite a revenue increase compared to the year-ago quarter.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's (NASDAQ: DENN ) reported its latest quarterly earnings results, which sent shares on the decline despite a revenue increase compared to the year-ago quarter. Denny's added that its total operating revenue was 18% higher than it was during the year-ago quarter, arriving at $157.3 million. "Although sales were challenged by a formidable year-ago comparison, a negative holiday shift, and a highly competitive value environment, we generated strong total operating margins through effective cost management and grew Adjusted Net Income Per Share* by 28.2%," said Denny's CEO and President John Miller.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's (NASDAQ: DENN ) reported its latest quarterly earnings results, which sent shares on the decline despite a revenue increase compared to the year-ago quarter. "Although sales were challenged by a formidable year-ago comparison, a negative holiday shift, and a highly competitive value environment, we generated strong total operating margins through effective cost management and grew Adjusted Net Income Per Share* by 28.2%," said Denny's CEO and President John Miller. More From InvestorPlace 20 Russian Stocks to Watch After Trump's Helsinki Gaffe 10 Cheap Consumer Stocks for an Uncertain Market 7 Top S&P 500 Stocks to Consider for Long-Term Gains Compare Brokers The post Denny's (DENN) Stock Slides Following Q2 Earnings Report appeared first on InvestorPlace .	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's (NASDAQ: DENN ) reported its latest quarterly earnings results, which sent shares on the decline despite a revenue increase compared to the year-ago quarter. "Although sales were challenged by a formidable year-ago comparison, a negative holiday shift, and a highly competitive value environment, we generated strong total operating margins through effective cost management and grew Adjusted Net Income Per Share* by 28.2%," said Denny's CEO and President John Miller. Denny's added that its total operating revenue was 18% higher than it was during the year-ago quarter, arriving at $157.3 million.	e530242a-5b31-4a9e-bc2d-04bf8da926b2
727365.0	2018-07-27 00:00:00 UTC	BJ's Restaurants (BJRI) Q2 Earnings, Revenues Top Estimates	DENN	https://www.nasdaq.com/articles/bjs-restaurants-bjri-q2-earnings-revenues-top-estimates-2018-07-27	nan	nan	BJ's Restaurants, Inc. 's BJRI top and bottom lines both surpassed the Zacks Consensus Estimate in the second quarter of 2018. Adjusted earnings of 79 cents surpassed the consensus estimate of 64 cents by 23.4%. Earnings surged 61.2% year over year favored by improved comps and restaurant operating margins. Total quarterly revenues of $287.6 million topped the consensus estimate of $283 million by 1.6%. Revenues also grew 8.2% year over year on the back of increased guest traffic and comps. BJ Restaurants' Daily Brewhouse Specials, Slow Roast menu items and growing off-premise sales led to a 5.6% year-over-year increase in comps and 2.5% in traffic. Comps growth compared favorably with 4.2% increase in the first quarter of 2018 and 1.4% decrease in the year-ago quarter. BJ's Restaurants, Inc. Price, Consensus and EPS Surprise BJ's Restaurants, Inc. Price, Consensus and EPS Surprise \| BJ's Restaurants, Inc. Quote Notably, BJ's Restaurants' shares have returned 76.1% in the past year, outperforming the industry 's 4.1% growth. Expenses & Operating Margins Labor costs, as a percentage of sales, increased 10 basis points (bps) to 35.5% in the reported quarter, while occupancy and operating costs were 20.5%, down 10 bps year over year. Restaurant-level operating margin was 19%, up 120 bps from the year-ago quarter. In order to counter high costs prevalent in the industry, the company is undertaking various cost-saving and efficiency initiatives to drive margins. Balance Sheet As of Jul 3, 2018, cash and cash equivalents were $19.4 million compared with $24.3 million on Jan 2, 2018. Total debt declined to $110 million at the end of quarter from $163.5 million as of year-end 2017. During the quarter, the company repurchased approximately 24,000 shares of common stock at approximately $1.1 million. Additionally, the company declared a cash dividend of 11 cents per share of common stock payable on Aug 27, 2018 to shareholders of record at the close of business on Aug 13, 2018. Zacks Rank & Other Key Picks Currently, BJ's Restaurants carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the industry include Carrols Restaurant Group, Inc. TAST , Denny's Corp. DENN and Papa Murphy's Holdings, Inc. FRSH . You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Currently, Papa Murphy's Holdings, Inc. sports a Zacks Rank #1. The company surpassed the consensus mark in each of the trailing four quarters, with an average surprise of 280.21%. Carrols also holds a Zacks Rank #1. The company surpassed the consensus estimate in three of the trailing four quarters, recording an average surprise of 14.46%. Denny's also carries Zacks Rank #1. The company surpassed estimates in three of the trailing four quarters, with an average surprise of 9.32%. 5 Medical Stocks to Buy Now Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia and other conditions. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits. Click here to see the 5 stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Other top-ranked stocks in the industry include Carrols Restaurant Group, Inc. TAST , Denny's Corp. DENN and Papa Murphy's Holdings, Inc. FRSH . Denny's also carries Zacks Rank #1. Click to get this free report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report To read this article on Zacks.com click here.	Other top-ranked stocks in the industry include Carrols Restaurant Group, Inc. TAST , Denny's Corp. DENN and Papa Murphy's Holdings, Inc. FRSH . Click to get this free report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's also carries Zacks Rank #1.	Click to get this free report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks in the industry include Carrols Restaurant Group, Inc. TAST , Denny's Corp. DENN and Papa Murphy's Holdings, Inc. FRSH . Denny's also carries Zacks Rank #1.	Other top-ranked stocks in the industry include Carrols Restaurant Group, Inc. TAST , Denny's Corp. DENN and Papa Murphy's Holdings, Inc. FRSH . Denny's also carries Zacks Rank #1. Click to get this free report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report To read this article on Zacks.com click here.	746ba758-249d-4345-bfc9-eeaf24628ef4
727366.0	2018-07-25 00:00:00 UTC	Top 10 Stocks Under $20	DENN	https://www.nasdaq.com/articles/top-10-stocks-under-20-2018-07-25	nan	nan	Here at Zacks, we don't generally classify stocks as "cheap" or "expensive", and rather than looking at the stock's face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors. That being said, low-priced stocks can be attractive to smaller investors that can't necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have. Today we've highlighted ten stocks that are currently trading for under $20 per share. All of these stocks currently have at least a Zacks Rank #2 (Buy), and a variety of other factors make these companies stand out as having strong upside potential. 1. FGL Holdings (FG) Prior Close: $8.92 FGL is a holding company offering fixed annuities and life insurance products, forming after the merger of CF Corp. and Fidelity & Guaranty Life was completed late last year. The stock is sporting both a Zacks Rank #1 (Strong Buy) and a "B" grade for Momentum in our Style Scores system. Still, FG is trading with a P/E of 7.9, which marks a discount to its industry average. Value investors will also love its P/B ratio of just 1.2. It has been a difficult year for the stock, but shares have bounced off their 52-week low and have added more than 8% in the past three weeks. 2. Callaway Golf Company (ELY) Prior Close: $19.06 Callaway is one of the largest golf apparel and equipment companies in the world, manufacturing respected gear for both professionals and amateurs. The stock is currently holding a Zacks Rank #2 (Buy). Callaway is an interesting earnings growth story right now, with full-year estimates calling for EPS to improve by 53%. And considering the stock's PEG of just 0.9, investors are likely getting a great price for this growth outlook. It is also worth mentioning that these estimates have trended higher recently, and ELY has soared more than 50% in the past year. 3. New Residential Investment Corp. (NRZ) Prior Close: $18.51 New Residential is a mortgage REIT focused on the residential real estate market. The company pioneered investments in so-called Excess MSRs-which enable it to collect monthly cash flows without assuming some servicing duties, advance obligations, or liabilities. NRZ is expected to release its latest earnings report on July 26. Sentiment looks good ahead of the report, with one positive estimate revision coming in just the past week. Plus, as a REIT, the company pays a strong dividend. NRZ's dividend yield currently sits at about 10.8%. The stock is currently a Zacks Rank #2 (Buy). 4. Groupon, Inc. (GRPN) Prior Close: $4.79 In the midst of a transition to a marketplace-first focus, Groupon is looking to solidify a strong future for its business right now. The first step of this plan is to lock in consistent profitability. On this end, analysts are expecting Groupon's full-year earnings to surge 118% from last year to touch $0.24 per share in 2018. This outlook has also improved recently thanks to positive earnings estimate revisions. This revision activity has earned GRPN a Zacks Rank #1 (Strong Buy). Groupon has faced challenges in recent years, but money is flowing into small caps, and its improving earnings picture could make it a great candidate for this new interest. 5. Carrols Restaurant Group, Inc. (TAST) Prior Close: $14.70 Carrols is an American franchisee company and is the largest Burger King franchisee in the world. The company owns more than 800 Burger King locations across 20 U.S. states. TAST is a Zacks Rank #1 (Strong Buy) stock with an "A" grade the Growth category of our Style Scores system. Carrols is projected to witness EPS growth of 70% in 2018, and that earnings growth will help its balance sheet. TAST could also be a momentum play, as the stock has gained a staggering 40% in the trailing 12 weeks. 6. Strata Skin Sciences, Inc. (SSKN) Prior Close: $1.86 Strata Skin Sciences is a medical technology company focused on the dermatology market. It builds and sells laser and light systems for the treatment of psoriasis, vitiligo, and other skin conditions. SSKN is a low-priced, micro-cap stock, but it is sporting a Zacks Rank #1 (Strong Buy) and could be on the verge of a breakout. Over the past 90 days, the Zacks Consensus Estimate for SSKN's full-year earnings has moved 78.10% higher. This signals that analyst sentiment is improving. Plus, SSKN looks to have found a bottom a few months ago and has gained more than 49% this year. 7. Tilly's, Inc. (TLYS) Prior Close: $15.06 Tilly's is a specialty retailer in the action sports industry selling clothing, shoes, and accessories. The retailer is popular among skateboarders and surfers, as well as trendy young fashion purveyors who love "streetwear" brands. Tilly's has gained about 25% since its most recent earnings report and now sits near its 52-week high. However, at just 18x forward earnings, TLYS is actually cheaper now than it was at this time last year when the stock sat around $10.50. Earnings growth for the soon-to-be-reported quarter is expected to touch 136%, and Tilly's should be able to ride the streetwear trend to even more growth in the future. 8. Papa Murphy's Holdings, Inc. (FRSH) Prior Close: $5.23 Papa Murphy's operates as a franchisor and operator of the "Tane 'N' Bake" pizza chain it gets its name from. FRSH sports a Zacks Rank #1 (Strong Buy) and looks poised for a massive earnings recovery this year, with EPS figures expected to improve by 150% in 2018 alone. Plus, the stock is trading at just 14x forward earnings, and with its PEG of 1.3, investors are also getting a great price for that growth outlook. Analysts are piling on the love for this stock, and its full-year EPS estimates have gained 48% over the previous quarter. 9. Sunrun Inc. (RUN) Prior Close: $14.74 Sunrun is a leading developer of residential solar energy systems, operating through both its direct-to-consumer and partner-focused channels. RUN is an interesting buy-and-hold pick for investors who are bullish on the solar space, especially considering its long-term projected EPS growth rate of 14%. However, the stock also has a Zacks Rank #1 (Strong Buy), so it looks poised for strong returns over the next one to three months as well. Also, shares are trading with a P/E of 9 and PEG of 0.7, so the company's current share prices look attractive. 10. Denny's Corporation (DENN) Prior Close: $15.65 Denny's is the franchisor and operator of one of America's largest full-serviced restaurant chains. The company has more than 1,724 franchised, licensed, or owned diners around the world. DENN is a Zacks Rank #2 (Buy), and the stock might be a great pick in turbulent markets. Domestic restaurant stocks should be shielded from much of the trade war woes, and with a Beta of just 0.5, this stock appears to be less volatile than the market average. DENN currently sports a Zacks Rank #2 (Buy). More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Groupon, Inc. (GRPN): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report New Residential Investment Corp. (NRZ): Free Stock Analysis Report Tilly's, Inc. (TLYS): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report Strata Skin Sciences, Inc. (SSKN): Free Stock Analysis Report FGL Holdings (FG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's Corporation (DENN) Prior Close: $15.65 Denny's is the franchisor and operator of one of America's largest full-serviced restaurant chains. DENN is a Zacks Rank #2 (Buy), and the stock might be a great pick in turbulent markets. DENN currently sports a Zacks Rank #2 (Buy).	Click to get this free report Groupon, Inc. (GRPN): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report New Residential Investment Corp. (NRZ): Free Stock Analysis Report Tilly's, Inc. (TLYS): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report Strata Skin Sciences, Inc. (SSKN): Free Stock Analysis Report FGL Holdings (FG): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation (DENN) Prior Close: $15.65 Denny's is the franchisor and operator of one of America's largest full-serviced restaurant chains. DENN is a Zacks Rank #2 (Buy), and the stock might be a great pick in turbulent markets.	Click to get this free report Groupon, Inc. (GRPN): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report New Residential Investment Corp. (NRZ): Free Stock Analysis Report Tilly's, Inc. (TLYS): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report Strata Skin Sciences, Inc. (SSKN): Free Stock Analysis Report FGL Holdings (FG): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation (DENN) Prior Close: $15.65 Denny's is the franchisor and operator of one of America's largest full-serviced restaurant chains. DENN is a Zacks Rank #2 (Buy), and the stock might be a great pick in turbulent markets.	Denny's Corporation (DENN) Prior Close: $15.65 Denny's is the franchisor and operator of one of America's largest full-serviced restaurant chains. DENN is a Zacks Rank #2 (Buy), and the stock might be a great pick in turbulent markets. DENN currently sports a Zacks Rank #2 (Buy).	dba6d636-1060-4c5f-8edc-ebada1e35f0d
727367.0	2018-07-19 00:00:00 UTC	6 Restaurant Stocks to Thrive and Reverse Industry Trends in 2H	DENN	https://www.nasdaq.com/articles/6-restaurant-stocks-to-thrive-and-reverse-industry-trends-in-2h-2018-07-19	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips "If anything is good for pounding humility into you permanently, it's the restaurant business." - Anthony Bourdain. Source: Shutterstock In the first half of 2018, the U.S. restaurant industry numbers have exhibited deviation from its long standing negative trend.After recording its highest growth in comps during April, the industry witnessed flat comps during May. Further, in June, restaurant comps inched up 1.1%. This highlights the underlying anomaly surrounding the otherwise flourishing industry. Glimpse of Restaurant Performance in the First Half After surviving the seven-quarter jinx of declining comps, the U.S. restaurant industry was pleasantly surprised in the fourth quarter of 2017. Per TDn2K's The Restaurant Industry Snapshot, comps in the fourth quarter were up 0.4%, comparing favorably with the third-quarter's comps slip of 1%. For the first quarter of 2018, comps rose a meager 0.1%, making the mood somber. However, in the second quarter, comps again inched up 0.8%, highlighting the restaurant industry's positive comps with slow-but-steady growth in three successive quarters. Moreover, the same industry witnessed encouraging sales in the last six of the past nine months. In the first half of 2018, overall sales in the industry nudged up 0.5% compared with a 1.2% fall in sales during the first half of 2017. Growth in comps throughout the first half of 2018 can be attributed to the rise in consumer demand and discretionary spending. This is evident from the guest check's growth in recent quarters. For the first six months of 2018, average check increased 2.9%, up from the 2.2% rise in the comparable period last year. 4 Retail Stocks to Buy as Q2 Earnings Season Knocks Notably, in the first half of 2018, casual dining and fast casual reported the most improvement, reflecting a shift in consumer taste and preferences. Most gains in the industry were derived from to-go and delivery sales. Despite price rises from higher input costs, a large portion of the positive change in average check is attributable to casual dining segment, which is increasingly relying on delivery and other technological advancements to connect with customers. Therefore, what we can see is that the U.S. restaurant industry has been a mixed bag so far this year. Despite exhibiting significant signs of recovery, the overall Retail - Restaurants industry 's collective decline has been 3.7% against the S&P Composite market's increase of 2.1% in the first six months of 2018. Restaurant Giants' Strategies to Fuel Growth in the Second Half Thanks to the tricky nature of the overall industry and highly volatile consumer spending, restaurant operators are massively maneuvering to sustain competition. Per a National Restaurant Association report, a majority of restaurant operators is intending to incur capital expenditures in the remainder of the year. Notably, 64% of the restaurant companies is planning to expand, remodel and innovate across menu offerings during the next six months. Digital innovation has also become the dire need of the hour. Restaurant operators are continuously partnering with delivery channels and digital platforms to drive incremental sales. We believe that such efforts will continue to benefit the industry for the rest of 2018. Also, a favorable effect on consumers' personal income from tax cut is sure to act as a catalyst for the industry. Picking the Right Stocks With the help of the Zacks Stock Screener , we have zeroed in on six restaurants stocks, which carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and are poised to witness year-over-year earnings growth in 2018. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Wingstop Inc (WING) Wingstop (NASDAQ: WING ) sports a Zacks Rank of 1. The Zacks Consensus Estimate for the company's 2018 earnings is pegged at 84 cents, suggesting an increase of 13.5% from 2017. 5 Stocks to Add to Your Portfolio on Upgraded Broker Ratings Current-year bottom line estimates have also been revised 3.7% upward over the past two months, reflecting analysts' optimism surrounding the stock's future earnings potential. In the first half of 2018, the stock has surged 33.7%. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Carrols Restaurant Group, Inc. (TAST) Shares of Carrols Restaurant Group (NASDAQ: TAST ) have rallied 22.2% in the first half of the ongoing year. Carrying a Zacks Rank #1, earnings growth is expected in 2018. The current-year consensus estimate for earnings is pegged at 34 cents, representing a 70% year-over-year increase. 10 Dividend Stocks That Will Double Your Money Earnings estimates for the year have moved 30.8% north, buoying analysts' unwavering confidence in the company's future earnings prospect. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Dunkin' Brands Group Inc (DNKN) Dunkin' (NASDAQ: DNKN ) is another well-performing stock in the U.S. restaurant space. With an impressive share price appreciation, the stock is a lucrative investment choice at the moment. 4 Warren Buffett Stocks to Buy in Q2 Earnings For the current year, the consensus mark for earnings stands at $2.74, mirroring year-over-year growth of 12.8%. Over the past two months, earnings estimates for 2018 have moved 0.4% up. Dunkin' Brands carries a Zacks Rank #2. The stock has risen 7.1% in the first six months of 2018. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Denny's Corp (DENN) Denny's (NASDAQ: DENN ) with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. Over the past two months, earnings estimates for 2018 have been raised 3.1%. 5 Safe and Sound ETF Strategies for 2H The company's current-year bottom line is projected to grow 15.5% year over year. Shares have also jumped 20.3% over the first half of 2018. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Good Times Restaurants Inc. (GTIM) Investors can also take a look at Good Times Restaurants (NASDAQ: GTIM ), a Zacks #2 Ranked player. The consensus estimate for current-year earnings predicts 33.3% improvement compared with the tally in 2017. U.S. Manufacturing Sector Firing on All Cylinders: 5 Top Picks Estimates have also improved over the past two months, moving from a loss of 13 cents per share to a loss of 12 cents per share. Good Times' shares have soared 41.5% in the first half of 2018. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Brinker International, Inc. (EAT) Another appetizing restaurant stock would be Brinker International (NYSE: EAT ). Shares of the company have climbed 22.5% in the first six months of 2018. Moreover, over the past 60 days, the Zacks Consensus Estimate for 2018 earnings has been revised 0.3% upward. Earnings for the full year are also expected to increase 10.3% year over year. Where Does the Glitch Remain? First and foremost, the pressing concern at the moment is the persistent erosion in traffic, plaguing the restaurant operators. Notably, same store traffic was down 2% during the second quarter of 2018, proving that it is only guest checks and not guest counts that are positively contributing to restaurant sales. However, same store traffic compared favorably with the 2.6% decline in the first quarter of 2018. 3 MVPs of the REIT Super Bowl Secondly, most restaurants reported that they are understaffed. With turnover rates escalating for both restaurant hourly employees and restaurant managers, a shortage for qualified skill has been hurting the restaurant operators. Finally, recent data shows that there is an oversupply of restaurants in the United States, inducing fierce competition among operators. Rivalry is also rife from other sectors like grocery store prepared foods and convenience stores. Consequently, restaurants are cannibalizing each other's business, sparking an aggressive competitive scenario. 5 Medical Stocks to Buy Now Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits. Click here to see the 5 stocks >> Compare Brokers The post 6 Restaurant Stocks to Thrive and Reverse Industry Trends in 2H appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Denny's Corp (DENN) Denny's (NASDAQ: DENN ) with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. Despite price rises from higher input costs, a large portion of the positive change in average check is attributable to casual dining segment, which is increasingly relying on delivery and other technological advancements to connect with customers. Despite exhibiting significant signs of recovery, the overall Retail - Restaurants industry 's collective decline has been 3.7% against the S&P Composite market's increase of 2.1% in the first six months of 2018.	Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Denny's Corp (DENN) Denny's (NASDAQ: DENN ) with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. 5 Stocks to Add to Your Portfolio on Upgraded Broker Ratings Current-year bottom line estimates have also been revised 3.7% upward over the past two months, reflecting analysts' optimism surrounding the stock's future earnings potential. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Carrols Restaurant Group, Inc. (TAST) Shares of Carrols Restaurant Group (NASDAQ: TAST ) have rallied 22.2% in the first half of the ongoing year.	Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Denny's Corp (DENN) Denny's (NASDAQ: DENN ) with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Carrols Restaurant Group, Inc. (TAST) Shares of Carrols Restaurant Group (NASDAQ: TAST ) have rallied 22.2% in the first half of the ongoing year. Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Dunkin' Brands Group Inc (DNKN) Dunkin' (NASDAQ: DNKN ) is another well-performing stock in the U.S. restaurant space.	Restaurant Stocks to Thrive and Reverse Industry Trends in 2H: Denny's Corp (DENN) Denny's (NASDAQ: DENN ) with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. However, in the second quarter, comps again inched up 0.8%, highlighting the restaurant industry's positive comps with slow-but-steady growth in three successive quarters. Picking the Right Stocks With the help of the Zacks Stock Screener , we have zeroed in on six restaurants stocks, which carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and are poised to witness year-over-year earnings growth in 2018.	a067b652-c541-4b94-ae28-74516dff4a39
727368.0	2018-07-13 00:00:00 UTC	6 Restaurant Stocks to Thrive & Reverse Industry Trends in 2H	DENN	https://www.nasdaq.com/articles/6-restaurant-stocks-thrive-reverse-industry-trends-2h-2018-07-13	nan	nan	"If anything is good for pounding humility into you permanently, it's the restaurant business." - Anthony Bourdain. In the first half of 2018, the U.S. restaurant industry numbers have exhibited deviation from its long standing negative trend.After recording its highest growth in comps during April, the industry witnessed flat comps during May. Further, in June, restaurant comps inched up 1.1%. This highlights the underlying anomaly surrounding the otherwise flourishing industry. Glimpse of Restaurant Performance in the First Half After surviving the seven-quarter jinx of declining comps, the U.S. restaurant industry was pleasantly surprised in the fourth quarter of 2017. Per TDn2K's The Restaurant Industry Snapshot, comps in the fourth quarter were up 0.4%, comparing favorably with the third-quarter's comps slip of 1%. For the first quarter of 2018, comps rose a meager 0.1%, making the mood somber. However, in the second quarter, comps again inched up 0.8%, highlighting the restaurant industry's positive comps with slow-but-steady growth in three successive quarters. Moreover, the same industry witnessed encouraging sales in the last six of the past nine months. In the first half of 2018, overall sales in the industry nudged up 0.5% compared with a 1.2% fall in sales during the first half of 2017. Growth in comps throughout the first half of 2018 can be attributed to the rise in consumer demand and discretionary spending. This is evident from the guest check's growth in recent quarters. For the first six months of 2018, average check increased 2.9%, up from the 2.2% rise in the comparable period last year. Notably, in the first half of 2018, casual dining and fast casual reported the most improvement, reflecting a shift in consumer taste and preferences. Most gains in the industry were derived from to-go and delivery sales. Despite price rises from higher input costs, a large portion of the positive change in average check is attributable to casual dining segment, which is increasingly relying on delivery and other technological advancements to connect with customers. Therefore, what we can see is that the U.S. restaurant industry has been a mixed bag so far this year. Despite exhibiting significant signs of recovery, the overall Retail - Restaurants industry 's collective decline has been 3.7% against the S&P Composite market's increase of 2.1% in the first six months of 2018. Restaurant Giants' Strategies to Fuel Growth in the Second Half Thanks to the tricky nature of the overall industry and highly volatile consumer spending, restaurant operators are massively maneuvering to sustain competition. Per a National Restaurant Association report, a majority of restaurant operators is intending to incur capital expenditures in the remainder of the year. Notably, 64% of the restaurant companies is planning to expand, remodel and innovate across menu offerings during the next six months. Digital innovation has also become the dire need of the hour. Restaurant operators are continuously partnering with delivery channels and digital platforms to drive incremental sales. We believe that such efforts will continue to benefit the industry for the rest of 2018. Also, a favorable effect on consumers' personal income from tax cut is sure to act as a catalyst for the industry. Picking the Right Stocks With the help of the Zacks Stock Screener , we have zeroed in on six restaurants stocks, which carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and are poised to witness year-over-year earnings growth in 2018. You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop Inc.WING sports a Zacks Rank of 1. The Zacks Consensus Estimate for the company's 2018 earnings is pegged at 84 cents, suggesting an increase of 13.5% from 2017. Current-year bottom line estimates have also been revised 3.7% upward over the past two months, reflecting analysts' optimism surrounding the stock's future earnings potential. In the first half of 2018, the stock has surged 33.7%. Shares of Carrols Restaurant Group, Inc.TAST have rallied 22.2% in the first half of the ongoing year. Carrying a Zacks Rank #1, earnings growth is expected in 2018. The current-year consensus estimate for earnings is pegged at 34 cents, representing a 70% year-over-year increase. Earnings estimates for the year have moved 30.8% north, buoying analysts' unwavering confidence in the company's future earnings prospect. Dunkin' Brands Group, Inc.DNKN is another well-performing stock in the U.S. restaurant space. With an impressive share price appreciation, the stock is a lucrative investment choice at the moment. For the current year, the consensus mark for earnings stands at $2.74, mirroring year-over-year growth of 12.8%. Over the past two months, earnings estimates for 2018 have moved 0.4% up. Dunkin' Brands carries a Zacks Rank #2. The stock has risen 7.1% in the first six months of 2018. Denny's CorporationDENN with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. Over the past two months, earnings estimates for 2018 have been raised 3.1%. The company's current-year bottom line is projected to grow 15.5% year over year. Shares have also jumped 20.3% over the first half of 2018. Investors can also take a look at Good Times Restaurants Inc.GTIM , a Zacks #2 Ranked player. The consensus estimate for current-year earnings predicts 33.3% improvement compared with the tally in 2017. Estimates have also improved over the past two months, moving from a loss of 13 cents per share to a loss of 12 cents per share. Good Times' shares have soared 41.5% in the first half of 2018. Another appetizing restaurant stock would be Brinker International, Inc.EAT . Shares of the company have climbed 22.5% in the first six months of 2018. Moreover, over the past 60 days, the Zacks Consensus Estimate for 2018 earnings has been revised 0.3% upward. Earnings for the full year are also expected to increase 10.3% year over year. Where Does the Glitch Remain? First and foremost, the pressing concern at the moment is the persistent erosion in traffic, plaguing the restaurant operators. Notably, same store traffic was down 2% during the second quarter of 2018, proving that it is only guest checks and not guest counts that are positively contributing to restaurant sales. However, same store traffic compared favorably with the 2.6% decline in the first quarter of 2018. Secondly, most restaurants reported that they are understaffed. With turnover rates escalating for both restaurant hourly employees and restaurant managers, a shortage for qualified skill has been hurting the restaurant operators. Finally, recent data shows that there is an oversupply of restaurants in the United States, inducing fierce competition among operators. Rivalry is also rife from other sectors like grocery store prepared foods and convenience stores. Consequently, restaurants are cannibalizing each other's business, sparking an aggressive competitive scenario. 5 Medical Stocks to Buy Now Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits. Click here to see the 5 stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's CorporationDENN with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Despite price rises from higher input costs, a large portion of the positive change in average check is attributable to casual dining segment, which is increasingly relying on delivery and other technological advancements to connect with customers.	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. Picking the Right Stocks With the help of the Zacks Stock Screener , we have zeroed in on six restaurants stocks, which carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and are poised to witness year-over-year earnings growth in 2018.	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. Glimpse of Restaurant Performance in the First Half After surviving the seven-quarter jinx of declining comps, the U.S. restaurant industry was pleasantly surprised in the fourth quarter of 2017.	Denny's CorporationDENN with a Zacks Rank of 2 has seen upward revisions in its current-year earnings estimates. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. However, in the second quarter, comps again inched up 0.8%, highlighting the restaurant industry's positive comps with slow-but-steady growth in three successive quarters.	5e296c0b-a66d-4ceb-ab40-46067dfac60f
727369.0	2018-07-06 00:00:00 UTC	3 Reasons Why You May Find Restaurant Brands Appetizing Now	DENN	https://www.nasdaq.com/articles/3-reasons-why-you-may-find-restaurant-brands-appetizing-now-2018-07-06	nan	nan	"If anything is good for pounding humility into you permanently, it's the restaurant business." Anthony Bourdain. Restaurant Brands International Inc.QSR , after having experienced its share of ups and downs, is currently one of the best-performing stocks in the U.S. restaurant space. With a Zacks Rank #2 (Buy) and decent share price appreciation, the stock is a profitable investment choice at the moment. Shares of Restaurant Brands have outperformed its industry in the past three months. The stock has rallied 8.2% against the industry's collective decline of 1.7%. Moreover, an upward revision in earnings estimates for 2018 reflects analysts' confidence in the company's future earnings potential. Over the past 60 days, the Zacks Consensus Estimate for 2018 earnings has been revised upward by 0.4% to $2.69 per share. Further, the company delivered positive earnings surprise in each of the trailing four quarters, recording an average beat of 16.3%. Let's delve deeper into the factors that make this stock a solid investment choice at the moment. Sales-Building Efforts Drive Top-Line Growth Restaurant Brands continues to evaluate opportunities to speed up international development of all the three brands by establishing master franchisees with exclusive development rights, as well as joint ventures with new and existing franchisees. Apart from expansion strategies, the company continues to focus on improving its level of service through comprehensive training, improved restaurant operations, reimaging efforts and attractive menu options for enhancing overall guest satisfaction, and thereby driving comps. Restaurant Brands believes that new product development is a key driver of long-term success for its brands, and will continue to be in focus in 2018 and beyond. This is also expected to drive traffic by expanding customer base, spreading out into new dayparts, and continuing to build brand leadership in food quality and taste. Subsequently, the Zacks Consensus Estimate for 2018 sales is pegged at $5.5 billion, suggesting 19.4% growth from 2017. Franchised Model Safeguards Earnings Given that almost 100% of the company's current system-wide restaurants are franchised, its expenses are considerably low. Since the company signs franchise agreements for all the restaurants instead of operating them itself, this puts the burden of cost on the franchisees that operate businesses. The reduced capital requirements thus facilitate earnings. Alongside, free cash flow continues to grow, allowing reinvestment for increasing brand recognition and shareholders' return. The fully franchised business model allows the company to use other people's money for expanding the brand more rapidly into various markets. Notably, Restaurant Brands witnessed year-over-year earnings growth in each of the trailing four quarters, backed by strong improvement in the top line. In 2018, Restaurant Brands' earnings per share are expected to grow 28.1%, higher than the industry's average predicted earnings growth of 14%. Dividend Yield A look at Restaurant Brands' dividend yield shows that the stock is a rewarding investment choice for investors right now. The company's current dividend yield stands at 3% compared with the industry's figure of 0%. Other Stocks to Consider Other top-ranked restaurant stocks include Denny's DENN , Dunkin' Brands DNKN and Brinker EAT , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Denny's, Dunkin' Brands and Brinker's earnings for 2018 are projected to grow 15.5%, 12.8% and 10.3%, respectively. Will You Make a Fortune on the Shift to Electric Cars? Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think. See This Ticker Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Other Stocks to Consider Other top-ranked restaurant stocks include Denny's DENN , Dunkin' Brands DNKN and Brinker EAT , each carrying a Zacks Rank #2. Denny's, Dunkin' Brands and Brinker's earnings for 2018 are projected to grow 15.5%, 12.8% and 10.3%, respectively. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here.	Other Stocks to Consider Other top-ranked restaurant stocks include Denny's DENN , Dunkin' Brands DNKN and Brinker EAT , each carrying a Zacks Rank #2. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's, Dunkin' Brands and Brinker's earnings for 2018 are projected to grow 15.5%, 12.8% and 10.3%, respectively.	Other Stocks to Consider Other top-ranked restaurant stocks include Denny's DENN , Dunkin' Brands DNKN and Brinker EAT , each carrying a Zacks Rank #2. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's, Dunkin' Brands and Brinker's earnings for 2018 are projected to grow 15.5%, 12.8% and 10.3%, respectively.	Other Stocks to Consider Other top-ranked restaurant stocks include Denny's DENN , Dunkin' Brands DNKN and Brinker EAT , each carrying a Zacks Rank #2. Denny's, Dunkin' Brands and Brinker's earnings for 2018 are projected to grow 15.5%, 12.8% and 10.3%, respectively. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here.	8a2443d7-185c-4874-82e0-c8563c60135c
727370.0	2018-07-06 00:00:00 UTC	Here's Why Starbucks Can Bounce Back From Recent Slump	DENN	https://www.nasdaq.com/articles/heres-why-starbucks-can-bounce-back-from-recent-slump-2018-07-06	nan	nan	Shares of Starbucks CorporationSBUX have declined over the last few trading sessions due to the second high profile departure in a month. Recently, the company announced the retirement of its chief financial officer (CFO), Scott Maw, effective Nov 30, 2018. Notably, Maw has been associated with Starbucks for seven years before assuming the role of CFO in February 2014. In the past three months, the stock has declined 17.2% compared with the industry 's 1.7% decrease. However, this Zacks Rank #3 (Hold) company seems to be well placed for long-term growth, courtesy of its robust fundamentals to counter intense competition from rivals. Let's delve deeper. Banks on Innovation Starbucks is strengthening its product portfolio with significant innovation around beverages, refreshment, health and wellness, tea and core food offerings. In fact, beverage innovations have been a significant contributor to the company's comps growth over the years. Seasonal offerings like pumpkin spice latte have been in the market for 10 years now and are quite popular now. Starbucks is also leaning toward fast-growing categories like Cold Brew, Draft Nitro beverages, and plant-based modifiers including almond, coconut, and soy milk alternatives. Additionally, Starbucks is fast expanding its food offerings in the United States to complement its drinks. Notably, food has become a key growth driver and contributes more than 21% to the company's U.S. revenues. The company plans to expand its lunch menu and offer locally popular snacks around the world. Starbucks' much talked about evening program - food, wine and beer offerings - available at 100 stores is expected to be rolled out in 20-25% of its outlets in the United States by fiscal 2019. This evening program is expected to add $1 billion in revenues by the end of fiscal 2019. Immense Growth Potential in China & Asia-Pacific Management believes that China and the Asia-Pacific region will drive much more meaningful business growth over the next five years supported by rapid unit growth, growing brand awareness, and increased usage of the digital/mobile/loyalty platforms. Starbucks currently (as of Apr 1, 2018) operates 7,995 stores across China-Asia-Pacific (CAP). Starbucks' business in China is rapidly growing due to innovative store designs, local product innovations and the success of MSR program. It has plans to launch certain features in China loyalty program this year and full digital capabilities over time. Over the next five years, this Seattle-based coffee giant has plans to build 600 net new stores annually in Mainland China, which in turn will double the market's store count to 6,000 across 230 cities. Currently, the company operates approximately 3,300 stores in 141 cities in China. This rapid expansion is likely to triple its revenues and double its operating profit by the end of fiscal 2022 compared with fiscal 2017 number. Loyalty Program & Digitalization Starbucks holds a leading position in digital, card, loyalty and mobile capabilities. Evidently, the company's loyalty cards are gaining popularity. In the United States, its membership increased 11% year over year under the My Starbucks Rewards (MSR) program in fiscal 2017. This positive trend continued in fiscal first quarter 2018 with the membership growing 11% year over year to 14.2 million active members. Customers in the country are using the chain's mobile app to order and pay for drinks. They are joining the Starbucks' rewards program as well. We note that MSR is one of the key catalysts of Starbucks. Furthermore, the popularity of Starbucks' mobile app in the United States cannot be ignored. Mobile payments represented 12% of U.S. transactions in the fiscal second quarter, up from 8% a year ago. Concerns The company's Americas segment (accounting for 70% of the total revenues) posted 3% comps growth in fiscal 2017, down considerably from 6% in the year-ago period. In fact, transactions remained unchanged year over year and ticket grew 4%. This compares unfavorably with 5% growth in transaction and 1% increase in ticket in the year-ago period. In the first six months of fiscal 2018, the Americas segment posted 2% comps growth, down from 3% in the year-ago period. Moreover, decline in operating margin over the past few quarters is an added concern for the company. The non-GAAP operating margin contracted 170 bps and 80 bps in second- and first-quarter fiscal 2018, respectively. Management expects a moderate decline in operating margin in fiscal 2018, reflecting additional partner and digital investments. Key Picks Better-ranked stocks in the same space are Brinker International, Inc. EAT , Denny's Corporation DENN and Dunkin' Brands Group, Inc. DNKN . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Brinker International, Denny's and Dunkin' Brands have an impressive earnings growth rate of 10.3%, 15.5% and 12.8%, respectively, for fiscal 2018. Will You Make a Fortune on the Shift to Electric Cars? Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think. See This Ticker Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Better-ranked stocks in the same space are Brinker International, Inc. EAT , Denny's Corporation DENN and Dunkin' Brands Group, Inc. DNKN . Brinker International, Denny's and Dunkin' Brands have an impressive earnings growth rate of 10.3%, 15.5% and 12.8%, respectively, for fiscal 2018. Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here.	Key Picks Better-ranked stocks in the same space are Brinker International, Inc. EAT , Denny's Corporation DENN and Dunkin' Brands Group, Inc. DNKN . Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Brinker International, Denny's and Dunkin' Brands have an impressive earnings growth rate of 10.3%, 15.5% and 12.8%, respectively, for fiscal 2018.	Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the same space are Brinker International, Inc. EAT , Denny's Corporation DENN and Dunkin' Brands Group, Inc. DNKN . Brinker International, Denny's and Dunkin' Brands have an impressive earnings growth rate of 10.3%, 15.5% and 12.8%, respectively, for fiscal 2018.	Key Picks Better-ranked stocks in the same space are Brinker International, Inc. EAT , Denny's Corporation DENN and Dunkin' Brands Group, Inc. DNKN . Brinker International, Denny's and Dunkin' Brands have an impressive earnings growth rate of 10.3%, 15.5% and 12.8%, respectively, for fiscal 2018. Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here.	587fc7de-8221-4979-b86e-72efea00095d
727371.0	2018-07-03 00:00:00 UTC	5 Appetizing Restaurant Stocks to Defy the Industry Trend	DENN	https://www.nasdaq.com/articles/5-appetizing-restaurant-stocks-defy-industry-trend-2018-07-03	nan	nan	The U.S. restaurant industry has been a mixed bag so far this year. Despite exhibiting significant signs of recovery, the May numbers display an aberration in the trend when put under the scanner. Taking into account the period commencing from January 2018 to May, the overall Retail - Restaurants industry 's collective decline has been 1.4% against the S&P composite market's increase of 1.4%. After recording its highest growth in comps during April, the industry witnessed flat comps during May. This highlights the underlying tensions surrounding the otherwise flourishing industry. Glimpse of May Performance Per Restaurant Performance Index ("RPI"), measured in relation to a neutral level of 100, May experienced a modest decline. The RPI for the industry in the month of May was 101.2, slightly down from the April's level of 101.3. Comps in May remained flat, following growth of 1.5% in April. Although May marked the third consecutive month of flat or growing same store sales, a break in the industry's momentum raises concern. Notably, same store traffic was down 2.9% during May, proving that it is only guest checks and not guest counts that are positively contributing to restaurant sales. What is Bucking the Trend? First and the most pressing concern at the moment is the persistent erosion in traffic plaguing the restaurant operators. Secondly, most restaurants reported that they are remaining understaffed. With turnover rates escalating for both restaurant hourly employees and restaurant managers, a shortage for qualified skill has been hindering the restaurant operators. Thirdly, recent data shows that there is an oversupply of restaurants in the United States which is resulting in fierce competition among operators. Restaurant industry is also facing competition from other sectors like grocery store prepared foods and convenience stores. Consequently, restaurants are cannibalizing each other's business creating an extremely competitive scenario. Is There Hope? Despite the fact that the industry witnessed a decline in comps in the month of May compared with April, there is still enough room for shielded optimism. However, if declining same-store sales over the past two years is taken into consideration, May results appear quite encouraging. Moreover, TDn2K's The Restaurant Industry Snapshot reveals that same-store sales from the beginning of 2018 till the end of May was up 0.3%, against a decline of 1% in comps comparable period of 2016 and 2017. Further, traffic in the first five months of 2018 fell 2.5%, a modest improvement from a decline 3.2% recorded for each of the previous two years. Meanwhile, positive comps in the restaurant industry during the first quarter of 2018 can primarily be attributed to rise in consumer demand and discretionary spending. This is evident from the fact that guest check growth has been northbound in recent quarters. Average of guest check growth in the first two quarters of 2017 was 2.1% while that of the last two quarters was 2.3%. Moreover, average guest check rose year over year to 2.8% in the first quarter of 2018. Moreover, a favorable effect on consumers' personal income from tax cut is sure to act as a catalyst for the industry. Restaurant Giants Continue to Strategize Owing to the tricky nature of the overall industry and highly volatile consumer spending, restaurant operators are massively strategizing to sustain competition. Per a report by National Restaurant Association, majority of restaurant operators are intending capital expenditures in the second half of the year. Notably, 64% of the restaurant companies are planning to expand, remodel and innovate across menu offerings in the next six months, up from 59% reported in the month of April. Digital innovation has also become the dire need of the hour. Restaurant operators are continuously partnering with delivery channels and digital platforms to drive incremental sales. We believe that such efforts will continue to benefit the industry for the remaining of 2018. Picking the Right Stocks We have taken help of the Zacks Stock Screener to zero in on restaurants stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and are expected to witness year-over-year earnings growth in 2018. You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop Inc.WING sports a Zacks Rank #1. The Zacks Consensus Estimate for the company's 2018 earnings is pegged at 84 cents, suggesting an increase of 13.5% from 2017. Current year earnings estimates have also been revised upwards by 3.7% over the past month, reflecting analysts' optimism surrounding its future earnings potential. Over the past six months, the stock gained 28.1%, outperforming the industry's collective loss of 5.5%. Domino's Pizza, Inc.DPZ is currently one of the world's largest fast-food chains, with more than 14,800 stores in over 85 international markets. The company's operational advantages, given its market share and scale, along with consistent focus on innovation, execution of growth strategy and digital initiatives is likely to aid the stock maintain solid performance in the quarters ahead. Domino's currently has a Zacks Rank #2. The company's shares gained 42.5% in the past six months. Also, current year earnings are projected to increase 55.2%. Additionally, Domino's 2018 earnings estimates have moved up 1.2% over the past 60 days. This is evidence of the unwavering confidence of analysts in the company's future earnings potential. Dunkin' Brands Group, Inc.DNKN is another well-performing stock in the U.S. restaurant space. With an impressive share price appreciation, the stock is a lucrative investment choice at the moment. For the current year, the consensus estimate for earnings is pegged at $2.74, mirroring year-over-year growth of 12.8%. Over the past month, earnings estimates for 2018 have moved up 0.4%. Dunkin' Brands carries a Zacks Rank #2. The company's stock rallied 5.9% in the past six months. Denny's CorporationDENN , a Zacks Rank #2 stock, has seen upward revisions in its current year estimates. Over the past month, earnings estimates for 2018 have increased 3.1%. The company's current year earnings are also estimated to grow 15.5% year over year. Its shares have also gained 18.4% in the past six months. Investors can also take a look at Good Times Restaurants Inc.GTIM carrying a Zacks Rank #2. The consensus estimate for current year earnings predicts growth of 33.3% compared with 2017. The company's shares have rallied 44.3% in the past six months. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's CorporationDENN , a Zacks Rank #2 stock, has seen upward revisions in its current year estimates. Click to get this free report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report To read this article on Zacks.com click here. Taking into account the period commencing from January 2018 to May, the overall Retail - Restaurants industry 's collective decline has been 1.4% against the S&P composite market's increase of 1.4%.	Click to get this free report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN , a Zacks Rank #2 stock, has seen upward revisions in its current year estimates. Picking the Right Stocks We have taken help of the Zacks Stock Screener to zero in on restaurants stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and are expected to witness year-over-year earnings growth in 2018.	Click to get this free report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN , a Zacks Rank #2 stock, has seen upward revisions in its current year estimates. Picking the Right Stocks We have taken help of the Zacks Stock Screener to zero in on restaurants stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and are expected to witness year-over-year earnings growth in 2018.	Denny's CorporationDENN , a Zacks Rank #2 stock, has seen upward revisions in its current year estimates. Click to get this free report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Good Times Restaurants Inc. (GTIM): Free Stock Analysis Report To read this article on Zacks.com click here. Picking the Right Stocks We have taken help of the Zacks Stock Screener to zero in on restaurants stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and are expected to witness year-over-year earnings growth in 2018.	0ade21eb-e2b9-4650-bcc6-dd24e6782430
727372.0	2018-06-13 00:00:00 UTC	Here's Why BJ's Restaurants Should Impress Investors Now	DENN	https://www.nasdaq.com/articles/heres-why-bjs-restaurants-should-impress-investors-now-2018-06-13	nan	nan	BJ's Restaurants, Inc.BJRI is currently one of the best-performing stocks in the U.S. restaurant space and has the potential to carry on the momentum in the near term as well. Therefore, if you haven't taken advantage of the share price appreciation yet, it's time you add this stock to your portfolio. Shares of BJ's Restaurants have outperformed its industry in the past year. The stock has gained 41.7% compared with the industry's rally of 4.4%. Moreover, an upward revision in earnings estimates for 2018 reflects analysts' confidence in the company's future earnings potential. Over the past 60 days, the Zacks Consensus Estimate for 2018 earnings has been revised upward by 9.9%. BJ's Restaurants sports a Zacks Rank #1 (Strong Buy) and has a VGM Score of A. B	Therefore, if you haven't taken advantage of the share price appreciation yet, it's time you add this stock to your portfolio. Over the past 60 days, the Zacks Consensus Estimate for 2018 earnings has been revised upward by 9.9%. BJ's Restaurants sports a Zacks Rank #1 (Strong Buy) and has a VGM Score of A.	Shares of BJ's Restaurants have outperformed its industry in the past year. Moreover, an upward revision in earnings estimates for 2018 reflects analysts' confidence in the company's future earnings potential. Over the past 60 days, the Zacks Consensus Estimate for 2018 earnings has been revised upward by 9.9%.	BJ's Restaurants, Inc.BJRI is currently one of the best-performing stocks in the U.S. restaurant space and has the potential to carry on the momentum in the near term as well. Shares of BJ's Restaurants have outperformed its industry in the past year. Moreover, an upward revision in earnings estimates for 2018 reflects analysts' confidence in the company's future earnings potential.	BJ's Restaurants, Inc.BJRI is currently one of the best-performing stocks in the U.S. restaurant space and has the potential to carry on the momentum in the near term as well. Shares of BJ's Restaurants have outperformed its industry in the past year. Over the past 60 days, the Zacks Consensus Estimate for 2018 earnings has been revised upward by 9.9%.	f9f5497a-16f3-4055-9bcd-08905bf19fb0
727373.0	2018-06-12 00:00:00 UTC	Dave & Buster's (PLAY) Stock Up on Q1 Earnings & Revenue Beat	DENN	https://www.nasdaq.com/articles/dave-busters-play-stock-up-on-q1-earnings-revenue-beat-2018-06-12	nan	nan	Shares of Dave & Buster's Entertainment, Inc.PLAY rallied 13.4% in after-hours trading yesterday, after the company reported better-than-expected results in first-quarter fiscal 2018. Both the top and bottom line also increased year over year. In the past year, the company's shares have declined 31.1% against the industry 's rise of 4.6%. Earnings came in at $1.04 per share surpassing the Zacks Consensus Estimate of 93 cents by 11.8% in the reported quarter. The bottom-line figure also increased 6.1% on a year-over-year basis. Results were aided by solid revenues generated from the Food and Beverage as well as the Amusement and Other segments. Let's delve deeper into the numbers Detailed Revenue Discussion Quarterly revenues of $332.2 million outpaced the consensus mark of $321 million by 3.4%. The top-line figure also increased 9.2% from the prior-year quarter. Overall comps declined 4.9% in the fiscal first quarter of 2018, comparing unfavorably with a 2.2% increase in the year-ago quarter. The decline in comps can be attributed to a 4.8% dip in walk-in sales and a 6.4% decrease in special events sales. However, the company remains confident about returning to growth despite decline in comps. Non-comparable store revenues in the quarter increased 146.1% from the year-ago quarter to $44.2 million. Food and Beverage revenues (42.1% of total revenues in first-quarter fiscal 2018) increased 7.7% year over year to $139.8 million, whereas Amusement and Other revenues (57.9%) rose 10.4% to $192.4 million. However, comps at the Food and Beverage segment fell 4% in the quarter. Also, Amusement and Other witnessed a comps decline of 6.1%. Operating Highlights In the reported quarter, operating margin contracted roughly 350 basis points (bps) year over year to 17.6%. Net income in the quarter totaled $42.2 million, marginally down from $42.8 million in the prior-year quarter. Adjusted EBITDA inched up 0.4% to $95.9 million compared with $95.6 million in the same period last year. EBITDA margin, however, decreased approximately 250 bps year over year to 28.9%. Dave & Buster's Entertainment, Inc. Price, Consensus and EPS Surprise Dave & Buster's Entertainment, Inc. Price, Consensus and EPS Surprise \| Dave & Buster's Entertainment, Inc. Quote Balance Sheet As of May 6, 2018, cash and cash equivalents were $16.9 million compared with $18.8 million as of Feb 4, 2018. Long-term debt totaled $339.6 million at the end of quarter, down from $351.2 million at the end of fiscal 2017. During the fiscal first quarter, the company repurchased 606,000 shares for $27.4 million. Cumulatively, as of May 6, 2018, management repurchased approximately 4.1 million shares for $218.2 million. In second-quarter fiscal 2018, the company has repurchased additional 247,000 shares for $10.1 million through June 6, 2018. Store Development Dave & Buster's had launched six stores during the fiscal first quarter. In the second quarter, the company has opened three stores and plans to open two more during the same period. Fiscal 2018 Outlook This Zacks Rank #3 (Hold) company reiterated its fiscal 2018 guidance. Dave & Buster's continues to anticipate revenues in the range of $1.20-$1.24 billion. Comps are expected to decline in the low-to-mid single digits. Additionally, it expects to open 14 to 15 new stores. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has an impressive long-term earnings growth rate of 19.5%. Dine Brands Global has reported better-than-expected earnings in the trailing four quarters, with an average beat of 7.8%. Denny's has reported better-than-expected earnings in the preceding two quarters. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Dave & Buster's Entertainment, Inc. (PLAY): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Dave & Buster's Entertainment, Inc. (PLAY): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Dave & Buster's Entertainment, Inc. (PLAY): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	6d648736-bdde-43be-ab5d-563df1f16a88
727374.0	2018-06-08 00:00:00 UTC	McDonald's to Lay Off Employees Under Cost Reduction Plan	DENN	https://www.nasdaq.com/articles/mcdonalds-to-lay-off-employees-under-cost-reduction-plan-2018-06-08	nan	nan	In an effort to restructure its U.S. business, McDonald's CorporationMCD is planning a fresh round of layoff. Per The Wall Street Journal, the company has conveyed this decision to its U.S. employees, suppliers and franchisees via an email. However, McDonald's has not disclosed the exact number of layoffs. Following the news, the company's shares increased 4.4% yesterday. In a year's time, the stock has gained 11.9% compared with the industry 's 3.5% upside. The retrenchment - part of the restaurant's initiatives to reduce costs by $500 million - is expected to be achieved by the end of 2019. McDonald's spokesperson, Terri Hickey said "We are putting into place a new U.S. field structure that will better support our franchisees and will ensure McDonald's continues on a path to being more dynamic, nimble and competitive. These planned actions are consistent with our previously announced $500M G&A targeted savings, which we expect to achieve by the end of 2019". McDonald's is likely to reveal more details on this matter on Jun 12. Through this restructuring initiative the quick service restaurant targets to improve its profitability. Of late, McDonald's margins have been under pressure due to wage increases globally. This apart, additional health care costs related to 'Obamacare' in the United States led to an increase in labor costs. Furthermore, costs related to brand positioning in all key markets and ongoing investments would continue to weigh on margins at least in the near term. Increased commodity costs may further pressurize margins. In the first quarter of, consolidated margins contracted 150 bps to 16% due to China/Hong Kong transaction in 2017 and wage increase. However, this Zacks Rank #3 (Hold) company is consistently trying to regain consumer confidence and revive sales in all its served markets through menu innovations and promotions. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has an impressive long-term earnings growth rate of 19.5%. Dine Brands Global has reported better-than-expected earnings in the trailing four quarters, with an average beat of 7.8%. Denny's has reported better-than-expected earnings in the preceding two quarters. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report McDonald's Corporation (MCD): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Click to get this free report McDonald's Corporation (MCD): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Click to get this free report McDonald's Corporation (MCD): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN .	Denny's has reported better-than-expected earnings in the preceding two quarters. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	f008942e-e73b-49a0-8b71-a22304c11a01
727375.0	2018-06-08 00:00:00 UTC	Wendy's (WEN) Strategic Plans Bode Well: Should You Hold?	DENN	https://www.nasdaq.com/articles/wendys-wen-strategic-plans-bode-well%3A-should-you-hold-2018-06-08	nan	nan	Shares of The Wendy's CompanyWEN are riding high on robust rental revenues, franchise-based business model, restaurant openings and menu innovations. Evidently, the stock has gained 10.5% in a year, outperforming the industry 's increase of 4%. However, higher labor and commodity costs along with capital spending might weigh on margins, going ahead. Let's delve deeper. Hidden Catalysts Wendy's remains on track to achieve its goal of 7,500 global restaurants by 2020. In this regard, the company's international business is expected to boost growth in the future. Also, it plans to expand and form partnerships in emerging markets of Argentina, the Philippines and Japan. Further, Wendy's has long-term development agreements with franchisees in Singapore, the Middle East, North Africa, the Russian Federation, the Eastern Caribbean, Argentina, Japan, Georgia, the Republic of Azerbaijan, Ecuador and Chile. This apart, the company is exploring growth opportunities in China, Brazil and other key international markets. These less saturated emerging markets offer the company enormous growth opportunities. Additionally, Wendy's is benefiting from its transition to a franchised business model. In 2017, the company had several first-time builders and doubled the number of franchisees from 2015 by building new restaurants. The company is expecting 1% growth in 2018. Although the reduction in ownership has been weighing on revenues over the past few quarters, we believe franchising a large chunk of its system will lower Wendy's general and administrative expenses and thereby boost earnings. This Zacks Rank #3 (Hold) company's brand transformation initiatives includes menu innovation, promotional offers and bold new packaging, intended toward boosting sales. Meanwhile, the practice of offering customized sandwiches on order and serving hamburgers made of never-frozen beef would continue driving the company's sales. Notably, the first quarter of 2018 marked Wendy's 21st consecutive quarter of positive same-store sales growth in North America, mirroring long-term strength and relevance of the brand. Concerns Wendy's is likely to incur additional capital expenditures in the coming years to boost the re-imaging program. This, in turn, might lower free cash flow in the near term. Although the company has transitioned toward a franchise-based model that trims capital expenditures, it will take time to reap benefits. In fact, the company expects capital expenditures of approximately $75-$80 million in 2018. In addition, Wendy's valuation looks a bit stretched when compared with its industry average. Looking at the company's price-to-earnings (P/E) ratio, which is one of the most commonly used valuation ratio and is best suited for evaluating restaurants, investors might not want to pay any further premium. The company currently has a trailing 12-month P/E ratio of 37.07. So, the stock is relatively overvalued right now compared with its peers, as the industry's average PE currently is 24.95. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corp. DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has an impressive long-term earnings growth rate of 19.5%. Dine Brands reported better-than-expected earnings in the trailing four quarters, with an average beat of 7.8%. Denny's posted better-than-expected earnings in the preceding two quarters. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corp. DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's posted better-than-expected earnings in the preceding two quarters.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corp. DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corp. DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corp. DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's posted better-than-expected earnings in the preceding two quarters.	98e2551b-a2e4-4631-bc13-16d1222af2f8
727376.0	2018-06-05 00:00:00 UTC	Will Schultz's Exit Be a Major Loss for Starbucks (SBUX)?	DENN	https://www.nasdaq.com/articles/will-schultzs-exit-be-a-major-loss-for-starbucks-sbux-2018-06-05	nan	nan	Starbucks CorporationSBUX slipped 0.7% in after-market trading on Jun 5 after it announced that executive chairman Howard Schultz will step down. Schultz will be succeeded by former J.C. Penney chief executive Myron E. "Mike" Ullman. Schultz will resign from the board and be named chairman emeritus on Jun 26, the company said. The visionary steadily built the world's largest coffee business, which now boasts 28,000 stores across 77 countries. The company's stock has come a long way since the initial 1992 public offering, scaling a massive 19,000%. Schultz joined Starbucks in the 1980s and had resigned from the company's top position in 2000. This dampened investor sentiments to an extent that the stock lost a whopping 28% over seven weeks. Schultz returned to his position in 2008 when the coffee giant was	Starbucks CorporationSBUX slipped 0.7% in after-market trading on Jun 5 after it announced that executive chairman Howard Schultz will step down. Schultz will resign from the board and be named chairman emeritus on Jun 26, the company said. The visionary steadily built the world's largest coffee business, which now boasts 28,000 stores across 77 countries.	Starbucks CorporationSBUX slipped 0.7% in after-market trading on Jun 5 after it announced that executive chairman Howard Schultz will step down. Schultz will resign from the board and be named chairman emeritus on Jun 26, the company said. The company's stock has come a long way since the initial 1992 public offering, scaling a massive 19,000%.	Starbucks CorporationSBUX slipped 0.7% in after-market trading on Jun 5 after it announced that executive chairman Howard Schultz will step down. Schultz will resign from the board and be named chairman emeritus on Jun 26, the company said. Schultz joined Starbucks in the 1980s and had resigned from the company's top position in 2000.	Schultz will be succeeded by former J.C. Penney chief executive Myron E. "Mike" Ullman. Schultz will resign from the board and be named chairman emeritus on Jun 26, the company said. Schultz joined Starbucks in the 1980s and had resigned from the company's top position in 2000.	a180f241-b7b5-496b-9df2-c30c14b2cd43
727377.0	2018-06-04 00:00:00 UTC	Red Robin Rides on Menu & Brand Innovation, High Costs Ail	DENN	https://www.nasdaq.com/articles/red-robin-rides-on-menu-brand-innovation-high-costs-ail-2018-06-04	nan	nan	Red Robin Gourmet Burgers, Inc.RRGB banks on various sales-building efforts like continual focus on menu innovation, value offerings, increasing service speed, effective marketing strategy, remodeling programs and online ordering business to drive its top-line growth. Effective cost-cutting efforts are also on the company's priority list. However, higher expenses from increased investments currently pose a threat to the company's bottom line. The company's first-quarter 2018 earnings not only missed the Zacks Consensus Estimate but also declined 22.5% year over year. Revenues in the quarter however rose a meager 0.2% from the prior-year quarter, driven by new restaurant openings and the favorable impact of foreign currency that overshadowed the decline in comps. Shares have lost 29% in the past year, widely underperforming the industry 's decline of 1.8%. Earnings estimates for 2018 have also declined 3.9% over the past month, reflecting analysts' concern surrounding the company's future earnings potential. Sales-Building Efforts Bode Well In order to drive incremental traffic, Red Robin has been undertaking initiatives that have improved its restaurants' seating efficiency and lowered guests' waiting times. The company has rolled out its Kitchen Display System (KDS) that is linked to the table management software. This is expected to result in annual sales growth of approximately $50 million, as kitchens can handle higher peak volumes. Meanwhile, Red Robin is focusing on expanding its productivity and service models, and also increasingly supporting To-Go and catering services to drive greater guest check. Red Robin is set to grow its off-premise, online-ordering business via carry-out, delivery and catering. In the first quarter of 2018, the company delivered 9.4% mix in the off-premise business, up 40% year over year. Notably, all the company restaurants currently have online ordering available and 98% also have call center support. Red Robin's strategy of moving call-in ordering to a centralized call center is also yielding positive results and is thus slowly expanding its reach to ensure quality experience. On the delivery front, the company partnered with Amazon, DoorDash and GrubHub. Also, third-party delivery is now available at more than 70% of its locations. Apart from brand revitalization and digital efforts, Red Robin is focused on menu innovation and operational improvement to make it a better-customer service platform. The company continues to launch a variety of salads, appetizers, innovative desserts and adult beverages, as well as kids' menu. Notably, the company's marketing strategy focuses on driving traffic with everyday value advertising of premium burgers, appetizers, beverage and desserts. In addition, the company focuses on promotional and limited-time offers to increase its revenues. Moreover, a key long-term growth driver for the company is its guest-loyalty program - Red Robin Royalty - initiated in 2011 with a goal to increase guest count. The company engages its guests through this program, with offers designed to increase their frequency of visits. It also informs its enrolled guests about new menu items to generate awareness and for trials. Driven by such sincere efforts, the restaurant chain has been witnessing an uptick in revenues since 2013. High Expenses Hurt Despite Strategic Plan RED2 During its ICR Investor Conference in Orlando in 2016, Red Robin outlined its go-forward plan known as RED2. The primary objective of this initiative is doubling the company's EBITDA by 2020. The initiative aims to focus mainly on three areas - revenue growth, expense management and efficient capital deployment. However, Red Robin is investing heavily in several sales-building initiatives like advertising and technical upgrades, resulting in elevated costs. Remodeling and restaurant maintenance are also adding to the already rising expenses. In the first quarter of 2018, restaurant-level operating profit margin contracted 130 basis points (bps) to 20%. The downturn was due to a 90-bps increase in the cost of sales, 70-bps rise in other restaurant operating expenses and 40-bps surge in occupancy costs. Nonetheless, to curb expenses, the company is focusing on a new supply chain management software, replacing its older manual system. This would result in improved control of waste and cost of goods, significantly reducing inventory levels at the restaurants. Zacks Rank & Stocks to Consider Currently, Red Robin carries a Zacks Rank #3 (Hold). Some better-ranked restaurants include Darden DRI , Dine Brands DIN and Denny's DENN , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Darden, Dine Brands and Denny's earnings for 2018 are projected to grow 18.7%, 23.1% and 12.1%, respectively. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Some better-ranked restaurants include Darden DRI , Dine Brands DIN and Denny's DENN , each carrying a Zacks Rank #2 (Buy). Darden, Dine Brands and Denny's earnings for 2018 are projected to grow 18.7%, 23.1% and 12.1%, respectively. Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report To read this article on Zacks.com click here.	Some better-ranked restaurants include Darden DRI , Dine Brands DIN and Denny's DENN , each carrying a Zacks Rank #2 (Buy). Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report To read this article on Zacks.com click here. Darden, Dine Brands and Denny's earnings for 2018 are projected to grow 18.7%, 23.1% and 12.1%, respectively.	Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked restaurants include Darden DRI , Dine Brands DIN and Denny's DENN , each carrying a Zacks Rank #2 (Buy). Darden, Dine Brands and Denny's earnings for 2018 are projected to grow 18.7%, 23.1% and 12.1%, respectively.	Some better-ranked restaurants include Darden DRI , Dine Brands DIN and Denny's DENN , each carrying a Zacks Rank #2 (Buy). Darden, Dine Brands and Denny's earnings for 2018 are projected to grow 18.7%, 23.1% and 12.1%, respectively. Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report To read this article on Zacks.com click here.	bbb83291-537c-4089-87b1-5f5483274362
727378.0	2018-05-29 00:00:00 UTC	Bear of the Day: Sonic (SONC)	DENN	https://www.nasdaq.com/articles/bear-day-sonic-sonc-2018-05-29	nan	nan	Today's Bear of the Day is in the Restaurant Industry. A fast food chain that's seen earnings estimates tumble recently. You may have seen the commercials and like them, but when you look at what analysts have done to their estimates, you may not want to add this name to your portfolio. I'm talking about Sonic (SONC). Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of August 31, 2017, the company operated 3,593 Sonic Drive-Ins in 45 states, of which 228 were owned and operated by the company and 3,365 were owned and operated by franchisees. The company also owns and leases 135 properties; and sublease 53 properties to franchisees and other parties. The company is a Zacks Rank #4 (Sell) right now in an industry that ranks in the Bottom 40% of our Zacks Industry Rank. The reason for the unfavorable rank is the dip in analysts' earnings estimates over the last sixty days. Analysts have dropped their numbers for both the current year and next year. The bearish activity has cut our Zacks Consensus Estimate from $1.53 to $1.47 for the current year. Next year's number has dropped from $1.72 to $1.63. Investors looking for other stocks within the same industry should investigate Zacks Rank #1 (Strong Buy) Wingstop (WING) or Zacks Rank #2 (Buy) Denny's (DENN). Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Sonic Corp. (SONC): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors looking for other stocks within the same industry should investigate Zacks Rank #1 (Strong Buy) Wingstop (WING) or Zacks Rank #2 (Buy) Denny's (DENN). Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Sonic Corp. (SONC): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States.	Investors looking for other stocks within the same industry should investigate Zacks Rank #1 (Strong Buy) Wingstop (WING) or Zacks Rank #2 (Buy) Denny's (DENN). Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Sonic Corp. (SONC): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors looking for other stocks within the same industry should investigate Zacks Rank #1 (Strong Buy) Wingstop (WING) or Zacks Rank #2 (Buy) Denny's (DENN). Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Sonic Corp. (SONC): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. The company is a Zacks Rank #4 (Sell) right now in an industry that ranks in the Bottom 40% of our Zacks Industry Rank.	Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Sonic Corp. (SONC): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking for other stocks within the same industry should investigate Zacks Rank #1 (Strong Buy) Wingstop (WING) or Zacks Rank #2 (Buy) Denny's (DENN). Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States.	638e6d27-8d5f-4c55-8238-4a1cc71facdd
727379.0	2018-05-28 00:00:00 UTC	Dunkin' Brands Strategic Efforts to Aid Long-Term Growth	DENN	https://www.nasdaq.com/articles/dunkin-brands-strategic-efforts-to-aid-long-term-growth-2018-05-28	nan	nan	Shares of Dunkin' Brands Group, Inc.DNKN are riding high on robust earnings surprise history, sales building initiatives, enhanced digital offerings and franchised business model. In the past six months, the company's shares have increased 11.6%, outperforming the industry 's gain of 0.5%. However, the U.S. ice cream industry is also shrinking gradually due to a shift to healthier substitutes, consequently impacting Baskin Robbins as well. Let's delve deeper. Key Catalysts Dunkin' Brands has impressed investors with better-than-expected earnings. The company has delivered an earnings beat in six of the trailing seven quarters. Moreover, in the preceding four quarters earnings have surpassed the Zacks Consensus Estimate by an average of 5.2%. Following earnings beat in the first quarter of 2018, the company's raised guidance. For 2018, Dunkin' Brands expects adjusted earnings in the range of $2.69-$2.74 per share (up from the previously guided range of $2.40-$2.45 EPS). Earnings estimates for 2018 have moved up 2.6% over the last 60 days. Given its progress on the fundamentals, the company is likely to perform well in the quarters ahead. Dunkin' Brands is a well-established global quick service restaurant brand. As a result, it enjoys enormous customer trust and brand loyalty making it easier for the company to launch new product lines. Banking on its already established namesake, the company has undertaken the implementation of a six-part plan to fuel Dunkin' Brands' strategic growth in the United States and better position itself as a beverage-led On-the-Go brand. That plan includes building its coffee culture; faster and improved product innovation; targeted values and smart pricing; leadership position in digital innovation; improving the restaurant-like experience; and driving consumer packaged goods and new channels. The Zacks Rank #3 (Hold) company continues to boost sales through regular product launches. With the demand for coffee expected to grow going forward, Dunkin' Donuts' is continuously adding new coffee beverages to the menu, both in the value and premium offering segment, like the Macchiato's line of products and the recent - Cold Brew coffee. On an incremental sales basis, cold brew has been the most successful product launch and is helping to drive the brand's coffee credibility. Moreover, the company's robust digital initiatives are driving traffic and guest experience. Concerns As Dunkin' Brands has outperformed the industry in the past six months, the stock's valuation looks stretched. The stock has a trailing 12-month P/E ratio of 25.96, which is below the high level of 28.14 scaled in a year. On the contrary, the trailing 12-month P/E ratio for the industry and the S&P 500 is 24.68 and 19.94, respectively. The company is facing competition from larger fast casual companies which offer healthier menu options and are gaining popularity among consumers. Further, the company's coffee offerings face intense competition from one of the coffee giants - Starbucks - boasting a much larger scale of operations. Additionally, Dunkin' Donuts generates a chunk of revenues from the breakfast segment, which is gradually becoming more competitive. The U.S. ice cream industry is shrinking gradually. In the recent times, the trend of ice cream consumption at home has increased as several key brands are now available at grocery stores. Further, consumers are shifting more toward healthy frozen yogurt and fruit and vegetable-based flavors. Consequently, declining sales at ice cream parlors would hurt Dunkin' Brand's revenues in the near term. Moreover, the company is experiencing lower than expected sale in ice cream products in its international segment too. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has an impressive long-term earnings growth rate of 19.5%. Dine Brands Global has delivered better-than-expected earnings in the trailing four quarters, with an average beat of 7.8%. Denny's has reported better-than-expected earnings in the preceding two quarters. 5 Medical Stocks to Buy Now Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, aids, muscular dystrophy, hemophilia, and other conditions. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits. Click here to see the 5 stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	d8ccb85e-05d7-41ca-b532-e8d050cf2dcf
727380.0	2018-05-25 00:00:00 UTC	5 Reasons Why Darden (DRI) Can Satisfy Your Appetite Better	DENN	https://www.nasdaq.com/articles/5-reasons-why-darden-dri-can-satisfy-your-appetite-better-2018-05-25	nan	nan	Darden Restaurants, Inc.DRI is currently one of the best-performing stocks in the U.S. restaurant space and has the potential to carry on the momentum in the near term as well. Therefore, if you haven't taken advantage of the share price appreciation yet, it's time you add this Zacks Rank #2 (Buy) stock to your portfolio. Shares of Darden have outperformed its industry in the past six months. The stock has rallied 8.3% compared with the industry's growth of 2.2%. Let's have a look at a few factors in detail that make Darden a profitable investment at the moment. Sales Building Initiatives - Top-Line Driver Darden's riveting growth potential lies in its strategies to build a robust top line. By focusing on technology-driven initiatives like the system-wide rollout of tablets, the company has been boosting sales since the past few quarters. Sales of the company have also picked up momentum since the launch of mobile ordering in 2014. Apart from technological innovations, Darden implemented a set of initiatives under its Brand Renaissance Plan to boost the performance of the Olive Garden brand. These include simplifying kitchen systems, improving sales planning and scheduling, operational excellence to improve guest experience, developing new core menu items, allowing customization and making smarter promotional investments. Also, the brand is focusing on remodeling and bar refreshes. The revamped restaurants are already generating high same-restaurant sales and returns. In fact, the remodeling program gained momentum in the last couple of quarters and the company intends to continue investing in remodeling for optimal returns. In fact, supported by these initiatives, Olive Garden posted the 14 th consecutive quarter of positive comps in third-quarter fiscal 2018. Moreover, the Zacks Consensus Estimate for fiscal 2018 sales is pegged at $8.1 billion, reflecting an increase of 12.6% from 2017. Darden's relentless efforts to drive sales should put the company on growth trajectory, going forward. Cost Saving Efforts to Reap Benefits Darden is focusing on an aggressive cost management plan, under which it trying to significantly cut operating costs. In fact, for fiscal 2018, the company expects 10-40 basis points year-over-year margin expansion as a result of cost savings. Moreover, the company plans to reinvest any incremental savings into pricing and long-term growth drivers for the business, particularly emphasizing on enhancing its quality to drive market share gains. We believe that such initiatives will immensely help the company witness earnings growth. Arguably, earnings growth is of the utmost importance for determining a stock's potential, as surging profit levels often indicate solid prospects (and stock price gains). In 2018, Darden's earnings per share are expected to grow 18.7%. Valuation Looks Strong Looking at Darden's Price to Earnings Ratio (P/E) for the current fiscal, investors might be willing to add the stock their portfolio, as the company is undervalued compared to its peers. The company's P/E ratio for the trailing 12 months stands at 18.9 while that of the industry's is 24.5x. Moreover, per VGM Score that identifies the most attractive value, growth and momentum characteristics, Darden has a Score of A, indicating that the stock is most likely to outperform. Positive Synergies From Cheddar's Acquisition Darden's acquisition of a small restaurant chain, Cheddar's Scratch Kitchen (Cheddar's), in April 2017, added an undisputed casual dining value to the company's portfolio of differentiated brands. It also helped Darden further enhance its scale. In the fiscal third quarter, total sales were favored 11.3% from the addition of 154 Cheddar's and 34 other new restaurants. Segmental sales also improved owing to Cheddar's integration in the Other Business segment, which jumped 71.4% year over year to $438 million in the last reported quarter. Further, management expects to realize synergies in the range of $22-$27 million by the end of fiscal 2019. Over the current fiscal, Darden plans to make significant non-guest facing changes, which are expected to have an impact on restaurant level execution. The company reported that it is currently integrating the two largest, recently acquired Cheddar's franchisees. The integration is expected to help the brand take advantage of the scale, synergies and other benefits of Darden's infrastructure. Moving forward, Darden expects Cheddar to bring incredible opportunity for long-term growth. Attractive ROE Darden delivered an ROE of 28.12% in the trailing 12 months compared with its industry's 6.17%. This supports the company's immense growth potential and indicates that it reinvests more efficiently compared with its peers. Other Stocks to Consider Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 23.1%, respectively. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Other Stocks to Consider Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2. Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 23.1%, respectively.	Other Stocks to Consider Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2. Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2.	Other Stocks to Consider Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2. Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 23.1%, respectively.	c54f2300-8862-4fa8-8b73-38703a83fdd3
727381.0	2018-05-25 00:00:00 UTC	Hyatt Hotels' (H) Strategic Efforts to Aid Long-Term Growth	DENN	https://www.nasdaq.com/articles/hyatt-hotels-h-strategic-efforts-to-aid-long-term-growth-2018-05-25	nan	nan	Hyatt Hotels CorporationH is riding high on impressive earnings surprise history, solid brand portfolio, extensive international exposure and strong developmental pipeline. Backed by these strategic efforts, the stock has surged 40.8% in a year's time, outperforming the industry 's increase of 20.9%. Yet, lingering global woes in key operating regions along with fluctuations in exchange rates raise concern. Let's delve deeper. Key Catalyst Hyatt has delivered a positive earnings surprise in each of the trailing nine quarters. In first-quarter 2018, adjusted earnings of 33 cents per share surpassed the consensus estimate of 29 cents by 13.8%. In the trailing four quarters, the same outpaced the consensus mark by an average of 34.1%. Given the company's strong brand recognition, efforts to enhance guest experience and increased focus on operational excellence, Hyatt is likely to perform well in the quarters ahead. Additionally, the company intends to differentiate its brands from one another by providing distinct travel experiences. Hyatt is also consistently trying to expand its presence worldwide and has expansion plans in Asia-Pacific, Europe, Africa, Middle East and Latin America. Expansion in these markets should help the company gain market share in the hospitality industry, thus boosting business. Meanwhile, the Zacks Rank #3 (Hold) company's new signings across its brands globally have consistently outpaced its openings and this trend is expected to continue in 2018. In first-quarter 2018, Hyatt registered net room growth of 7.2% on a year-over-year basis, which marked the 12th successive quarter of growth above 6%. For 2018, Hyatt expects to grow units on a net rooms basis, by roughly 6% to 6.5%, reflecting 60 new hotel openings. The Hyatt Place and Hyatt House brands allow to expand Hyatt's presence globally in a bid to further strengthen its fast-growing select service category. The company strongly believes that the opportunity for properties, which offer selected services at a lower price than full-service hotels, is particularly compelling in certain markets including India, China and the Middle East. This is because there is a large and growing middle-class population in these markets along with a significant number of local business travelers. Concerns Hyatt has considerable international presence, which makes it vulnerable to the economic conditions. In the Middle East, political unrest, lower government spending, new hotel supply and a tough oil market continue to hurt tourism, which is concerning. Also, the slowdown in the Chinese economy might continue to hurt discretionary spending as well as travel. From a global RevPAR perspective, the company is expected to post a weaker performance in 2018 than 2017, given modest growth rates in the United States. As Hyatt has outperformed the industry in a year's time, the stock's valuation looks quite stretched. The stock has a trailing 12-month P/E ratio of 60.42, which is just below the high level of 60.90 scaled in a year. On the contrary, the trailing 12-month P/E ratio for the industry and the S&P 500 is 30.67 and 20.04, respectively. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has an impressive long-term earnings growth rate of 19.5%. Dine Brands Global reported better-than-expected earnings in the trailing four quarters, with an average beat of 7.8%. Denny's reported better-than-expected earnings in the preceding two quarters. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hyatt Hotels Corporation (H): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's reported better-than-expected earnings in the preceding two quarters.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Click to get this free report Hyatt Hotels Corporation (H): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Click to get this free report Hyatt Hotels Corporation (H): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's reported better-than-expected earnings in the preceding two quarters.	4ba0db88-5068-4194-8693-e7a30a695dc7
727382.0	2018-05-24 00:00:00 UTC	3 Restaurant Stocks to Serve Up Treats Post Q1 Earnings	DENN	https://www.nasdaq.com/articles/3-restaurant-stocks-to-serve-up-treats-post-q1-earnings-2018-05-24	nan	nan	As the Q1 earning season is fast wrapping up, investors might want to take a look at the numbers from the U.S. restaurant space which is steadily improving. Per the latest Earnings Outlook , 76.3% of the retail S&P 500 companies that have already reported quarterly numbers witnessed 21.6% year-over-year growth in earnings on revenue improvement of 9.5%.Of these retailers, which also include restaurant operators, 72.4% surpassed earnings estimates while 65.5% beat the revenue mark. Although the retail sector has recorded decent growth in the quarter, analysts anticipatea deceleration in the quarters ahead. While the forecast for the sector is underwhelming, the strength in the restaurant space is here to stay. After surviving the seven-quarter spell of declining comps, the U.S. restaurant industry was pleasantly surprised in the fourth quarter of 2017 with comps growth of 0.4%. Let's now see what the restaurants will dish out post first-quarter earnings. Restaurant Treats in Order According to TDn2K's The Restaurant Industry Snapshot, first-quarter comps were up 0.1%. The restaurant industry, which has been grappling with declining sales for over a year, saw two straight quarters of positive comps. Further, after a 0.8% comps increase in March, the industry posted comps growth of 1.5% in April. Notably, April marked the highest sales for the industry since September 2015. Meanwhile, the encouraging top-line results by the restaurant industry in the first quarter of 2018 were mainly backed by rise in consumer demand and discretionary spending. This is evident from the fact that guest check growth has been accelerating in recent quarters. Average of guest check growth in the first two quarters of 2017 was 2.1% while that of the last two quarters was 2.3%. Moreover, in the first quarter of 2018, average guest check rose year over year to 2.8%. Also, most of the restaurants are adopting aggressive sales-building strategies to drive demand. The first quarter benefited from these efforts. Moreover, a favorable effect on consumers' personal income from tax cut is sure to act as a boon for the industry. Picking the Right Stocks We have taken help of the Zacks Stock Screener to zero in on restaurants stocks that have beat earnings estimates in the first quarter. Moreover, these stocks, apart from carrying a Zacks Rank #1 (Strong Buy) or 2 (Buy), are expected to witness year-over-year earnings growth in 2018. You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop Inc.WING , sporting a Zacks Rank #1, posted an earnings beat of 25% in the first quarter of 2018. Earnings grew 19% from a year ago. For 2018, the Zacks Consensus Estimate for earnings is pegged at 81 cents, reflecting 9.5% year-over-year growth. Moreover, in a year's time, Wingstop's shares have returned 74.2% outperforming the Retail-Restaurant industry and the S&P 500 market. Dine Brands Global, Inc.DIN , formerly known as DineEquity, Inc., reported better-than-expected earnings for the fifth straight quarter in first-quarter 2018. Also, the company's revenues surpassed the Zacks Consensus Estimate for the second straight quarter. Adjusted earnings came in at $1.11 per share beating the consensus estimate of $1.07. (See More: Dine Brands Q1 Earnings & Revenues Surpass Estimates ). Dine Brands' earnings for 2018 are projected to grow 23.1% year over year. Shares of the company have gained 36.8% in the past year, beating the industry. Denny's CorporationDENN posted an earnings beat in the first quarter. Adjusted earnings surpassed the consensus estimate by 15.4% and grew 25% year over year. The consensus estimate for the company's earnings in fiscal 2018 is pegged at 65 cents, indicating growth of 12.1% year over year. Denny's carries a Zacks Rank #2. The company's shares have gained 29.5% in the past year, outperforming the industry as well as the S&P 500 market. Challenges Linger Although the restaurant industry is steadily recovering, it won't be wise to assume that it has no challenges to face. While average check has increased, same-store traffic declined 1.4% in the month of April. Unless the restaurant bigwigs strategize and innovate across value chains, they might face difficulty in maintaining the momentum or cashing in on the opportunities. Over the past year, the restaurant industry's shares have returned 0.6%, underperforming the S&P 500 market's 13.1%. Wall Street's Next Amazon Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius. Click for details >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's CorporationDENN posted an earnings beat in the first quarter. Denny's carries a Zacks Rank #2. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN posted an earnings beat in the first quarter. Denny's carries a Zacks Rank #2.	Denny's CorporationDENN posted an earnings beat in the first quarter. Denny's carries a Zacks Rank #2. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Denny's CorporationDENN posted an earnings beat in the first quarter. Denny's carries a Zacks Rank #2. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	82899b03-96fd-4244-b3a9-941e5038a6cf
727383.0	2018-05-23 00:00:00 UTC	Red Robin (RRGB) Stock Down on Q1 Earnings & Revenue Miss	DENN	https://www.nasdaq.com/articles/red-robin-rrgb-stock-down-on-q1-earnings-revenue-miss-2018-05-23	nan	nan	Red Robin Gourmet Burgers Inc.RRGB reported lower-than-expected results in first-quarter 2018. Following the quarterly results, the company's shares tanked 15.4% in after-hour trading on May 22. However, in the past six months, the stock has gained 15.9% compared with the industry 's increase of 0.8%. Earnings & Revenue Discussion Red Robin's adjusted earnings of 69 cents per share missed the Zacks Consensus Estimate of 74 cents by 6.8%. The bottom-line figure also witnessed a sharp decline of 22.5%. Revenues came in at $421.5 million, which lagged the consensus mark of $431 million by more than 2% but witnessed a meager gain of 0.2% from the prior-year quarter. Marginal gain in revenues was driven by new restaurant openings and favorable impact of foreign currency, which overshadowed decline in comparable restaurant revenues. Behind the Headline Numbers Comps at company-owned restaurants were down 0.9% year over year against the prior-quarter comps increase of 2.7%. The downside can be attributed to 1% decline in average guest check, which marginally overshadowed 0.1% rise in guest counts. However, Red Robin outperformed the casual dining industry for the seventh consecutive quarter. Restaurant-level operating profit margin contracted 130 basis points (bps) to 20%. The downturn was due to a 90-bps increase in cost of sales, 70-bps rise in other restaurant operating expenses and 40-bps surge in occupancy costs. The decline was partly offset by a 70-bps decrease in labor costs. Adjusted earnings before interest, taxes, and amortization (EBITDA) increased 7.4% to $42.4 million from $45.8 million in the year-ago quarter. Financial Highlights Red Robin had cash and cash equivalents of $23.7 million as of Apr 22, 2018, compared with $17.7 million as of Dec 31, 2017. The company's long-term debt amounted to $231.4 million as of Apr 22, 2018 compared with $266.4 million at the end of 2017. Second-Quarter 2018 View For second-quarter 2018, earnings per share are estimated between 55 cents and 75 cents. Meanwhile, the Zacks Consensus Estimate for the quarter is pegged at 74 cents. 2018 View Red Robin did not provide any update on its 2018 guidance issued earlier. The company anticipates earnings in the band of $2.40-$2.80 per share, reflecting 14-33% year-over-year growth. Red Robin projects comparable-restaurant sales growth of 50-150 bps. Operating weeks are expected to decline 1% as 2018 will have 52 weeks compared with 53 weeks in 2017. Total revenues are envisioned between a decline of 50 bps and an increase of 50 bps in 2018. Cost of sales, as a percentage of restaurant revenues, is anticipated to be up 50-100 bps. Restaurant labor costs, as a percentage of restaurant revenues, are expected to range between an increase of 25 bps and a decrease of 25 bps. Red Robin has a Zacks Rank #3 (Hold). Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise \| Red Robin Gourmet Burgers, Inc. Quote Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has an impressive long-term earnings growth rate of 19.5%. Dine Brands Global reported better-than-expected earnings in the trailing four quarters, with an average beat of 7.8%. Denny's reported better-than-expected earnings in the preceding two quarters. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise \| Red Robin Gourmet Burgers, Inc. Quote Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's reported better-than-expected earnings in the preceding two quarters.	Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise \| Red Robin Gourmet Burgers, Inc. Quote Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise \| Red Robin Gourmet Burgers, Inc. Quote Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise \| Red Robin Gourmet Burgers, Inc. Quote Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's reported better-than-expected earnings in the preceding two quarters.	11446495-e4ff-4411-9aa2-06e5c6d067d5
727384.0	2018-05-22 00:00:00 UTC	Zacks.com featured highlights include: VASCO Data, Progenics, Denny's, Columbus McKinnon and Equity Commonwealth	DENN	https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-vasco-data-progenics-dennys-columbus-mckinnon-and	nan	nan	For Immediate Release Chicago, IL - May 22, 2018 - Stocks in this week's article VASCO Data Security International, Inc.'sVDSI , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN , Columbus McKinnon Corp.CMCO and Equity CommonwealthEQC . 5 Stocks in Focus on New Analyst Coverage There's no denying that the lack of accurate data creates inefficiencies that might result in misinterpretation of stocks. Initiation of coverage by analyst(s) offers critical information on a stock which is of great value to investors. Coverage initiation usually depicts increased investor inclination. Investors, on their part, often assume that there is something in the stock that has attracted analyst attention. In other words, they believe that the company coming under the radar definitely has some value which can be tapped into. Obviously, stocks are not arbitrarily chosen to cover. New coverage on a stock usually reflects an encouraging future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it. However, we have noticed that the average change in broker recommendation is preferred over a single recommendation change. Analyst Coverage & Price Movement Interestingly, the price movement is generally a function of the recommendations from new analysts. Stocks typically see an upward price movement with a new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation. Now, if an analyst gives a new recommendation on a company that has limited or no existing coverage, investors start paying more attention to it. Also, any new information attracts portfolio managers to build a position in the stock. So, it's a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/304335/5-stocks-in-focus-on-new-analyst-coverage Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. 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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VASCO Data Security International, Inc. (VDSI): Free Stock Analysis Report Columbus McKinnon Corporation (CMCO): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For Immediate Release Chicago, IL - May 22, 2018 - Stocks in this week's article VASCO Data Security International, Inc.'sVDSI , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN , Columbus McKinnon Corp.CMCO and Equity CommonwealthEQC . Click to get this free report VASCO Data Security International, Inc. (VDSI): Free Stock Analysis Report Columbus McKinnon Corporation (CMCO): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.	For Immediate Release Chicago, IL - May 22, 2018 - Stocks in this week's article VASCO Data Security International, Inc.'sVDSI , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN , Columbus McKinnon Corp.CMCO and Equity CommonwealthEQC . Click to get this free report VASCO Data Security International, Inc. (VDSI): Free Stock Analysis Report Columbus McKinnon Corporation (CMCO): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/304335/5-stocks-in-focus-on-new-analyst-coverage Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.	Click to get this free report VASCO Data Security International, Inc. (VDSI): Free Stock Analysis Report Columbus McKinnon Corporation (CMCO): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - May 22, 2018 - Stocks in this week's article VASCO Data Security International, Inc.'sVDSI , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN , Columbus McKinnon Corp.CMCO and Equity CommonwealthEQC . 5 Stocks in Focus on New Analyst Coverage There's no denying that the lack of accurate data creates inefficiencies that might result in misinterpretation of stocks.	For Immediate Release Chicago, IL - May 22, 2018 - Stocks in this week's article VASCO Data Security International, Inc.'sVDSI , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN , Columbus McKinnon Corp.CMCO and Equity CommonwealthEQC . Click to get this free report VASCO Data Security International, Inc. (VDSI): Free Stock Analysis Report Columbus McKinnon Corporation (CMCO): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations.	bb7e96ac-9639-449f-8422-ff231f701679
727385.0	2018-05-21 00:00:00 UTC	McDonald's (MCD) Strategic Plans Bode Well: Should You Hold?	DENN	https://www.nasdaq.com/articles/mcdonalds-mcd-strategic-plans-bode-well%3A-should-you-hold-2018-05-21	nan	nan	McDonald's CorporationMCD consistent efforts to improve sales and digital initiatives, increased focus on delivery and accelerated deployment of Experience of the Future restaurants in the United States are likely to boost its performance. In 2017, the company's stock has gained 8.6% compared with the industry 's increase of 1.7%. However, dwindling top line and higher labor costs might dent its performance. Let's delve deeper. Hidden Catalysts McDonald's reported better-than-expected earnings for the 15th straight quarter, when it posted first-quarter 2018 results. Moreover, in the trailing four quarters, the company's earnings have surpassed the Zacks Consensus Estimate by an average of 5.5%. Robust operating performance drove McDonald's earnings during the first quarter. Further, the company's sales boosting initiatives are resulting in increased global comparable sales (comps). In first-quarter 2018, comps grew 5.5% and marked its 11th straight quarter of positive comps. Also, guest counts rose by 0.8%. Notably, the first quarter marked McDonald's fifth straight quarter, wherein the company's global guest counts improved on a year-over-year basis. Moreover, U.S comps were up 2.9% in the same period. We are impressed with this Zacks Rank #3 (Hold) company's digital initiatives to better serve customers, with nearly all of its U.S. restaurants using digital menu boards. Additionally, McDonald's continues to roll out mobile order and pay with a new curbside check-in option. Currently, it has launched the option in nearly all 20,000 U.S. restaurants. The company is increasingly focusing on delivery for customers' benefit as well. In fact, McDonald's is the world's largest chain of fast-food restaurants, with presence in more than 100 countries. Its offerings have reached the billion-dollar brand status through sustained product innovation and geographic expansion. With an almost 10% share of the global informal-eating-out market, there is ample scope for the company to grow in the future as it boasts a scale advantage compared with its peers. Moreover, increasing guest counts remains the company's top priority. McDonald's also intends to regain customers by focusing on food quality, convenience and value. Concerns McDonald's revenues have been declining for quite some time. In the first quarter, the metric decreased 9% year over year, following a respective decline of 11.4%, 13%, 7% and 4.7% in the fourth, third, second and first quarter of 2017. The downturn reflects the impact of the company's strategic refranchising initiative. Also, revenues at company-operated restaurants were down 26% year over year to $2,535.6 million. However, the same at franchise-operated restaurants increased 15% to $2,603.3 million. Further, higher labor costs might keep the company's margins under pressure. In the first quarter, consolidated margins contracted 150 bps to 16% due to China/Hong Kong transaction in 2017 and wage increase. Moreover, with about 40% of McDonald's operating income coming from the international lead segment and over 10% from the high-growth markets, its earnings remain vulnerable to negative currency translation. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has an impressive long-term earnings growth rate of 19.5%. Dine Brands Global has reported better-than-expected earnings in the trailing four quarters, with an average beat of 7.8%. Denny's has reported better-than-expected earnings in the preceding two quarters. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report McDonald's Corporation (MCD): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Click to get this free report McDonald's Corporation (MCD): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Click to get this free report McDonald's Corporation (MCD): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	3cd6410d-7dd5-4d00-bb7f-06b960d5cf9a
727386.0	2018-05-21 00:00:00 UTC	Here's Why Investors Should Find Wingstop Appetizing Now	DENN	https://www.nasdaq.com/articles/heres-why-investors-should-find-wingstop-appetizing-now-2018-05-21	nan	nan	Wingstop Inc.WING is currently one of the best-performing stocks in the U.S. restaurant space. With a decent share price appreciation, the stock is a profitable investment choice at the moment. Shares of Wingstop have outperformed its industry in the past year. The stock has rallied 74.8% compared with the industry's growth of 1.7%. Moreover, an upward revision in earnings estimates for 2018 reflects analysts' confidence in the company's future earnings potential. Over the past 30 days, the Zacks Consensus Estimate for 2018 earnings rose 6.6%. Further, the company delivered positive earnings surprises in each of the trailing four quarters, recording an average beat of 16.15%. Wingstop sports a Zacks Rank #1 (Strong Buy) and has a Momentum Score of A. Back-tested results show that stocks with Momentum Scores of A or B, when combined with a Zacks Rank #1 or 2 (Buy) handily outperform others. Let's delve deeper into the other factors that make this stock a solid pick. Strong Top-Line Momentum Wingstop relies on robust top-line growth, favored by the company's relentless focus on menu innovation and unit expansion. Various sales building initiatives have driven Wingstop's comparable sales in the last reported quarter. In the first quarter of 2018, the company's total system-wide sales increased 20.4% year over year, driven by 9.5% domestic same-store sales growth and a 12% increase in the number of restaurants since the first quarter of 2017. Moreover, the company's new POS system that integrates online orders straight to the kitchen is expected to further bolster online ordering growth and lead to higher average check. Subsequently, the consensus estimate pegs sales for 2018 at $149.3 million, suggesting 41.5% growth from 2017. Strong Margin Favors Earnings Notably, a robust top line translated to growth in Wingstop's adjusted EBITDA in the first quarter of 2018. Also, strong margins in the company-owned restaurants resulting from favorable pricing are helping the company's bottom line to grow. Arguably, earnings growth is of utmost importance for determining a stock's potential, as surging profit levels often indicate solid prospects (and stock-price gains). In 2018, Wingstop's earnings per share are expected to grow 9.5%. Expansion As Growth Driver Wingstop is relying on continual expansion to boost traffic as well as sales. In a bid to expand its international presence, Wingstop is likely to open restaurants in the U.K., France, Panama, Australia and New Zealand. In 2017, the company also signed two international development agreements for opening 110 restaurants across Australia and New Zealand over the next 10 years, and more than 70 restaurants in France for the next 12 years. Moreover, in the first quarter of 2018, the company added 24 net new restaurants to the Wingstop system, including six international locations. Other Stocks to Consider Other top-ranked stocks from the restaurant space include Arcos Dorados ARCO , Denny's DENN and Dine Brands DIN , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here. Arcos is expected to witness earnings growth of 23.7% in 2019, while Denny's and Dine Brands' earnings for 2018 are expected to be up 12.1% and 22.9%, respectively. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Other Stocks to Consider Other top-ranked stocks from the restaurant space include Arcos Dorados ARCO , Denny's DENN and Dine Brands DIN , each carrying a Zacks Rank #2. Arcos is expected to witness earnings growth of 23.7% in 2019, while Denny's and Dine Brands' earnings for 2018 are expected to be up 12.1% and 22.9%, respectively. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Other Stocks to Consider Other top-ranked stocks from the restaurant space include Arcos Dorados ARCO , Denny's DENN and Dine Brands DIN , each carrying a Zacks Rank #2. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Arcos is expected to witness earnings growth of 23.7% in 2019, while Denny's and Dine Brands' earnings for 2018 are expected to be up 12.1% and 22.9%, respectively.	Other Stocks to Consider Other top-ranked stocks from the restaurant space include Arcos Dorados ARCO , Denny's DENN and Dine Brands DIN , each carrying a Zacks Rank #2. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Arcos is expected to witness earnings growth of 23.7% in 2019, while Denny's and Dine Brands' earnings for 2018 are expected to be up 12.1% and 22.9%, respectively.	Other Stocks to Consider Other top-ranked stocks from the restaurant space include Arcos Dorados ARCO , Denny's DENN and Dine Brands DIN , each carrying a Zacks Rank #2. Arcos is expected to witness earnings growth of 23.7% in 2019, while Denny's and Dine Brands' earnings for 2018 are expected to be up 12.1% and 22.9%, respectively. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	be8aa49e-dba4-4fa0-8c44-a13a1c5f3627
727387.0	2018-05-18 00:00:00 UTC	Domino's (DPZ) Rises 39% in 6 Months: More Room to Run?	DENN	https://www.nasdaq.com/articles/dominos-dpz-rises-39-in-6-months%3A-more-room-to-run-2018-05-18	nan	nan	Domino's Pizza, Inc.DPZ is gaining momentum backed by solid earnings surprise history, international expansion, same-store sales growth, digital initiatives and franchising strategy. In the past six months, the stock has gained 38.7%, outperforming the industry 's increase of 1.7%. However, high costs and debt remain major concerns. Let's delve deeper. Hidden Catalyst Domino's earnings and revenues have surpassed the Zacks Consensus Estimate in seven out of the trailing eight quarters. In first-quarter 2018, the company's adjusted earnings came in at $2.00 per share, which outpaced the consensus mark of $1.77 and increased 58.7% on a year-over-year basis. Also, its second-quarter and 2018 earnings estimates have moved up by 0.6% and 3.3%, respectively, over the last 30 days. This testifies the unwavering confidence of analysts. The company's operational advantages, given its market share and scale, along with consistent focus on innovation, execution of growth strategy and digital initiatives should drive its performance in the quarters ahead. Since Domino's earns a chunk of its revenues from outside the United States, the company remains committed toward accelerating its presence in high-growth international markets to boost business. In fact, the company's international growth continues to be strong and diversified across markets on the back of exceptional unit level economics. In the first quarter of 2018, Domino's marked the 97th consecutive quarter of positive same-store sales in its international business. Notably, its all four geographic regions reported positive comps, with Americas and Asia-Pacific gaining the most. The company opened 829 net new stores in international markets in 2017 and 79 net stores in first-quarter 2018. Domestically, Domino's posted the 28th consecutive quarter of positive same-store-sales in the same period. In addition, this Zacks Rank #3 (Hold) company has a wide franchise network, both domestically and internationally. Reducing its ownership of restaurants and focusing more on re-franchising minimizes the company's capital requirements and facilitates earnings per share growth and ROE expansion. Moreover, free cash flow continues to grow, thus allowing reinvestment for increasing brand recognition and shareholder return. In fact, the company has increased its dividend by 25%, 24%, 23%, 21% and 20% in 2014, 2015, 2016, 2017 and 2018, respectively, after initiating regular dividends in 2013. Domino's also remains less affected by food inflation as a result of franchising compared to other pizza companies with global operations. Concerns Domino's has undertaken a number of sales building efforts like re-imaging of restaurants and implementation of technology. Performance-based incentives and compensation along with higher advertising expenses are also resulting in higher costs. The Affordable Care Act, commonly known as Obamacare, might continue to have an adverse impact on restaurant operators. The Affordable Care Act requires employers to extend health benefits. Furthermore, the company's high debt is a concern for investors. Long-term debt at the end of quarter was $3,117.2 million, up from $3,121.5 million as of Dec 31, 2017. In the past five years, Domino's has significantly outperformed the Retail-Restaurants industry. Its valuation also looks a bit stretched when compared with its own range as well as the industry average. Looking at the company's price-to-earnings (P/E) ratio, which is one of the most commonly used valuation ratio and is best suited for evaluating restaurants, investors might not want to pay any further premium. The company currently has a trailing 12-month P/E ratio of 37.76, which below its high of 46.77 in the last five years. Additionally, the stock is quite overvalued right now compared with its peers as the industry's average over the past five years is 24.56. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Wingstop sports a Zacks Rank #1 (Strong Buy), whereas Dine Brands and Denny's carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has an impressive long-term earnings growth rate of 19.5%. Dine Brands Global has reported better-than-expected earnings in the trailing four quarters, with an average beat of 7.8%. Denny's has reported better-than-expected earnings in the preceding two quarters. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Wingstop sports a Zacks Rank #1 (Strong Buy), whereas Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Click to get this free report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Wingstop sports a Zacks Rank #1 (Strong Buy), whereas Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Click to get this free report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Wingstop sports a Zacks Rank #1 (Strong Buy), whereas Dine Brands and Denny's carry a Zacks Rank #2 (Buy).	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , Dine Brands Global, Inc. DIN and Denny's Corporation DENN . Wingstop sports a Zacks Rank #1 (Strong Buy), whereas Dine Brands and Denny's carry a Zacks Rank #2 (Buy). Denny's has reported better-than-expected earnings in the preceding two quarters.	6e2784a1-c8cb-4eed-9bd7-be76dcf3e600
727388.0	2018-05-18 00:00:00 UTC	Cheesecake Factory's Sales Initiatives Impress, Costs High	DENN	https://www.nasdaq.com/articles/cheesecake-factorys-sales-initiatives-impress-costs-high-2018-05-18	nan	nan	The Cheesecake Factory Inc.CAKE has been undertaking prudent strategies to improve its performance. The company's strong sales-building initiatives like extensive employment of digital and social media campaigns to showcase its high-quality ingredients and preparation techniques, as well as focus on menu innovation are significantly contributing to its topline. However, high costs are denting profitability of the company. In the first quarter of 2018 , the company's earnings fell short of analysts' expectation while revenues surpassed the same. Earnings declined 22.2% year over year. Higher-than-expected insurance costs along with some legal settlement expenses have particularly dented the company's earnings in the quarter. Also, the company's shares have declined 10.7% in the past year, comparing unfavorably with the industry 's gain of 4.2% in the same time period. Moreover, downward earnings estimate revisions raise questions over the stock's upside potential. Estimates for 2018 have gone down 1.5% over the past month. Sales-Building Initiatives Bode Well Cheesecake Factory is committed to boost its sales for surviving in the competitive environment. The company has been investing heavily to improve guest experience. This is turn started stabilizing the company's sales trend starting from the fourth quarter of 2017. In the first quarter of 2018, total revenues grew 4.8% year over year on the back of increased comparable sales. In order to boost comps, the company is focusing on improving its speed of service and training its servers so that they render a higher level of service. In addition to labor productivity, the company is majorly focusing on menu innovation and food efficiency. Cheesecake Factory is preparing 50 menus under its Super Foods program, fresh from scratch in the restaurants, to increase consumer awareness of the brand. To this end, Cheesecake factory is leveraging its brand power through the launch of products in the CPG channel. The company launched its brown bread in grocery stores in the Southeast with nationwide distribution capabilities. Going forward, the company intends to carry on with menu innovation by adding new Super Food items as well as the famous indulgences of The Cheesecake Factory. Meanwhile, Cheesecake Factory's technology-enabled initiatives have been doing well, with positive feedback for its mobile payment app, CakePay. The company is also witnessing incremental sales from its delivery service that continues to roll out nationwide. Presently, about 95% of the Cheesecake Factory restaurants offer third-party delivery. The company continues to improve its to-go business including online ordering capability, which could be in pilot by the end of the year. This is anticipated to be a major contributor to the growth of the company's strong off-premise sales channels. In 2017, the company's takeout business increased to 12% of the sales. Efforts to Return Shareholders' Value Seem Encouraging Cheesecake Factory continuously returns wealth to its shareholders via dividends and share repurchases. The company returned $175 million in cash via share buybacks and dividends in 2017. In the first quarter of 2018, management declared a quarterly cash dividend of 29 cents per share on the company's common stock. The dividend is payable on May 22, 2018 to its shareholders of record at the close of business on May 10, 2018. Also, during the quarter, Cheesecake Factory repurchased approximately 0.7 million shares of its common stock at a cost of $34.9 million. Rising Costs to Keep Profits Under Pressure Of late, Cheesecake Factory's profits have been under pressure owing to a rising wage rate scenario. Moreover, the pre-opening cost of outlets, given the company's unit expansion plans and expenses related to sales initiatives are adding to its costs, and likely to hurt profits, going forward. In the first quarter of 2018, cost of sales ratio increased 10 basis points (bps) year over year to 23%. Meanwhile, the labor expense ratio was 35.7%, up 1300 bps from the year-ago quarter. This was primarily driven by higher hourly labor, including more wages, overtime and training costs. General and administrative expenses accounted for 6.6% of the revenues in first-quarter 2018, up 20 bps from the prior-year quarter due to higher marketing costs, repairs and maintenance, and additional workers' comp insurance costs. Notably, pre-opening expenses were 0.2% of the total revenues, down 10 bps from the year-ago quarter. Heading into 2018, the company expects food inflation of more than 3%, particularly across poultry, dairy, bread and seafood. Wage inflation is anticipated to be about 5% in 2018. Zacks Rank & Stocks to Consider Cheesecake Factory carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 22.9%, respectively. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Cheesecake Factory Incorporated (CAKE): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy). Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 22.9%, respectively.	Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy). Click to get this free report The Cheesecake Factory Incorporated (CAKE): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Click to get this free report The Cheesecake Factory Incorporated (CAKE): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy).	While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy). Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 22.9%, respectively.	d2a8548d-e665-43ce-9b10-c408c4916ff8
727389.0	2018-05-17 00:00:00 UTC	Papa John's Continues Expansion, Opens Restaurant in Turkey	DENN	https://www.nasdaq.com/articles/papa-johns-continues-expansion-opens-restaurant-in-turkey-2018-05-17	nan	nan	Papa John's International, Inc.PZZA announced that it has expanded its footprint in the Middle East and Asia by opening the 50 th restaurant in Turkey. Notably, the latest restaurant was opened under Papa John's master franchise, PJ Gida Islatmeleri A.S. San. VE TIC. A.S. (PJ Gida) in Turkey. The latest move underscores Papa John's two basic strategies of continual international expansion and increased focus on franchising. International Expansion to Drive Revenues Papa John's international operations have been showing positive comparable sales of late. In the first quarter of 2018, comps at system-wide international restaurants inched up 0.3%. The company also expects international comps to grow in the band of 3-5% in 2018. We believe that the launch of its 50 th restaurant in Turkey further strengthened its global footprint, which in turn will drive greater sales in the company's international reporting segment. As it is, many of Papa John's restaurants, located in the international markets like Europe, Middle East, Latin America and China are exhibiting strong sales trends. Further, Papa John's has inked developmental agreements in many regions including Mexico, Egypt, Russia, Spain, Chile, the Netherlands, Colombia and Boston. It also debuted in France and Israel in 2016, and Morocco in 2017. Meanwhile, the company plans to open five units in Bahamas by 2021. Increased Focus on Franchising Bodes Well Notably, Papa John's is committed to develop and maintain a strong franchise system. The company is continually striving to eliminate its barriers to expansion in the existing international markets and identify new market opportunities. Except 35 of its company-owned restaurants in Beijing and North China, all Papa John's international restaurants are currently franchised. Over the next several years, the company plans to increase its international units, large part of which will be franchised. We believe, refranchising a large chunk of its system reduces the company's capital requirements, and facilitates earnings per share growth and ROE expansion in the long run. Alongside, free cash flow of the company continues to grow, allowing reinvestment for increasing brand recognition and shareholders' return. Moreover, since a major portion of its business is refranchised, Papa John's is less affected by inflation than its peers. Stock Performance A challenging sales environment in the U.S. restaurant space has been affecting the company for quite some time, as is evident from Papa John's performance of late. The company's shares have declined 32.7% in the past year, widely underperforming the industry 's gain of 3.8%. Zacks Rank & Stocks to Consider Papa John's carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 22.9%, respectively. Will You Make a Fortune on the Shift to Electric Cars? Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think. See This Ticker Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy). Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 22.9%, respectively.	Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy). Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy).	Some better-ranked stocks in the U.S. restaurant space include Wingstop WING , Denny's DENN and Dine Brands DIN . While Wingstop sports a Zacks Rank #1 (Strong Buy), Denny's and Dine Brands carry a Zacks Rank #2 (Buy). Wingstop, Denny's and Dine Brands' earnings for 2018 are expected to increase 9.5%, 12.1% and 22.9%, respectively.	f4c05409-a53b-49c4-8e06-99a5b418f4cf
727390.0	2018-05-16 00:00:00 UTC	Starbucks Reveals New Expansion Plan to Boost China Business	DENN	https://www.nasdaq.com/articles/starbucks-reveals-new-expansion-plan-to-boost-china-business-2018-05-16	nan	nan	Starbucks CorporationSBUX has chalked out an ambitious plan to open a new store in every 15 hours (or 600 net new Starbucks a year) in China for the next five years, during its first-ever China Investor Conference in Shanghai on Tuesday, May 15. The Seattle-based coffee giant announced its plans to build 600 net new stores annually over the next five years in Mainland China, which will double the market's store count from the end of fiscal 2017 to 6,000 across 230 cities. Currently, the company operates approximately 3,300 stores in 141 cities in China. This intended speedy expansion in China is likely to triple its revenues and double its operating profit by the end of fiscal 2022 from fiscal 2017. Starbucks' China Story China has been the fastest-growing market for Starbucks. Management has a strong belief that China will drive more meaningful business growth over the next five years supported by rapid unit expansion, wider brand awareness and increased usage of digital/mobile/loyalty platforms, while respecting local heritage. Starbucks has been an integral part of the local community in China for nearly 20 years and expects "to mindfully evolve a coffee culture in China where the reward will be healthy, long-term, profitable growth for decades to come". The coffee-chain giant built its first Starbucks Reserve Bar in 2014 to deepen customer coffee engagement. With more than 150 locations currently, the company aims to reach 200 Reserve Bar stores by the end of fiscal 2018. Earlier this month, Starbucks and the Swiss-based food giant Nestle SA have joined hands to revitalize their coffee domains. Starbucks and Nestle announced a global marketing deal that gives the latter "perpetual rights" to market Starbucks' products globally outside its coffee shops. The deal is aimed at expanding the global reach of Starbucks brands in the consumer packaged goods ("CPG') and foodservice categories to nearly 190 countries around the world from the present count of 28. The deal requires Nestle to pay Starbucks $7.15 billion (€5.97 billion) upfront in cash for the rights to sell Starbucks coffee products in retail and food-service channels. Meanwhile, as part of the deal, around 500 Starbucks staff will join Nestle. The agreement is subject to customary regulatory approval and expected to close by the end of 2018. Meanwhile, the company intends to expand the Starbucks Ready-to-Drink (RTD) business in the country to more than 400 major cities, across more than 125,000 premium points of distribution over the next five years. This is intended to be in alliance with Tingyi, a leader in China's RTD beverage category. Starbucks also has plans to launch the Starbucks chilled cup platform with four flavors in June, introducing a new beverage platform mainly for on-the-go consumers of coffee and tea in China. A Look at Starbucks' China-Asia-Pacific (CAP) Performance Net revenues increased 54% year over year to $1.2 billion in the last reported quarter on the back of higher revenues from the acquisition of East China operations, new store openings and comps growth. Starbucks' business in China is rapidly growing due to innovative store designs, local product innovations and the success of My Starbucks Rewards program. In comparison, net revenues in the company's flagship Americas segment were up 8% from the prior-year quarter to $4 billion in the fiscal second quarter. Share Price Performance Starbucks' shares have gained 0.3% in the past three months, while its industry has gained 3.5%. Recently, the company reported second-quarter fiscal 2018 results, wherein earnings met the Zacks Consensus Estimate while revenues surpassed the same. Notably, Starbucks reported in-line earnings in three of the last four quarters. That said, adjusted earnings per share of 53 cents grew 17.8% year over year. The company's results benefited from an improved performance in the Americas segment (mainly in the United States), the ongoing positive momentum in China (following the takeover of East China) and strongest comps growth in Japan in five quarters. Meanwhile, earnings estimates remained unchanged for the current fiscal, while the same moved 0.4% north for fiscal 2019, over the past seven days, depicting analysts' confidence on the this Zacks Rank #3 (Hold) stock's earnings prospect. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , sporting a Zacks Rank #1 (Strong Buy), while Dine Brands Global, Inc. DIN and Denny's Corporation DENN , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop has a 3-5 years expected EPS growth rate of 19.5%. Dine Brands is expected to witness 22.9% earnings growth in 2018. Denny's 2018 earnings are expected to grow 12.1%. Today's Stocks from Zacks' Hottest Strategies It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%. And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , sporting a Zacks Rank #1 (Strong Buy), while Dine Brands Global, Inc. DIN and Denny's Corporation DENN , both carrying a Zacks Rank #2 (Buy). Denny's 2018 earnings are expected to grow 12.1%. Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , sporting a Zacks Rank #1 (Strong Buy), while Dine Brands Global, Inc. DIN and Denny's Corporation DENN , both carrying a Zacks Rank #2 (Buy). Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's 2018 earnings are expected to grow 12.1%.	Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , sporting a Zacks Rank #1 (Strong Buy), while Dine Brands Global, Inc. DIN and Denny's Corporation DENN , both carrying a Zacks Rank #2 (Buy). Denny's 2018 earnings are expected to grow 12.1%.	Denny's 2018 earnings are expected to grow 12.1%. Key Picks Some better-ranked stocks in the same space are Wingstop Inc. WING , sporting a Zacks Rank #1 (Strong Buy), while Dine Brands Global, Inc. DIN and Denny's Corporation DENN , both carrying a Zacks Rank #2 (Buy). Click to get this free report Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report To read this article on Zacks.com click here.	b267ca22-df43-4dad-bb21-647a7738c2a1
727391.0	2018-05-11 00:00:00 UTC	Marriott (MAR) Stock Up 35% in a Year: Can it Gain Further?	DENN	https://www.nasdaq.com/articles/marriott-mar-stock-up-35-in-a-year%3A-can-it-gain-further-2018-05-11	nan	nan	Marriott International, Inc.MAR is riding high on Starwood acquisition, improving North-American business, strong RevPAR gains, sizeable international exposure, an attractive brand-position and positive earnings streak. In a year's time, the stock has rallied 35.3%, outperforming the industry 's gain of 24.7%. However, lingering political uncertainties in key international markets and currency headwinds might persistently limit revenue growth. Let's delve deeper. Hidden Catalyst Marriott continues to impress investors with its solid bottom-line performance. In first-quarter 2018, the company's adjusted earnings per share came in at $1.34, which surpassed the Zacks Consensus Estimate of $1.25 and increased 40% year over year. Notably, the bottom-line figure outpaced the consensus mark for the 15 straight quarters. Strong RevPAR gains and room growth drove the company's results. Consequently, Marriott raised its 2018 earnings view. It anticipates earnings in the band of $5.43-$5.55 per share, up from the prior-guided range of $5.11-$5.34. Additionally, the company is persistently relying on acquisitions in order to expand its footprint globally. In 2016, it completed the acquisition of Starwood and became the world's largest hotel company. As a result, Marriott's distribution has more than doubled in Asia and the Middle East & Africa combined. According to the company, it has made great progress in integration of Starwood. Also, Marriott's move to buy Starwood shows that the hospitality industry thrives on such blockbuster deals, which are critical to their success at a time when online booking is becoming important in the lodging business. Recently, Marriott announced its plans to unify its loyalty program benefits across Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG) in August. The combined loyalty program is expected to provide richer perks to the company's loyalty members by enabling them to earn roughly 20% points for every dollar spent. Also, it is likely to enrich members with more than what was offered under the prior programs. Under this global loyalty program, members can book stays, and earn or redeem points across 29 brands covering 6,500 hotels in 127 countries and territories. Furthermore, this Zacks Rank #3 (Hold) company is very optimistic about growth opportunity in India. Recently, the Asian Development Bank forecasted that India will be the fastest growing economy in Asia. Marriott has more than 20,000 rooms in the country. Hurdles to Cross Marriott faces various challenges related to the Starwood integration. If these integration efforts fail, it may not realize the anticipated synergies and benefits. Moreover, the diversion of management's attention from day-to-day business concerns, given the acquisition along with any difficulties encountered in the transition and integration process, might adversely affect its financial results. The integration process could also take longer than anticipated and involve unanticipated costs. Despite Marriott's immense growth potential, a sluggish economy and oversupply in Brazil are weighing on the Latin American region. In the Middle East, sanctions on Qatar have reduced travel into and out of that country. Meanwhile, political unrest, lower government spending, new hotel supply and a tough oil market continue to hurt tourism in other Middle East markets. Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corporation DENN . All these stocks has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Brinker International has a long-term earnings growth rate of 10.9%. Del Taco Restaurants has an impressive long-term earnings growth rate of 15.8%. Denny's has reported better-than-expected earnings in the preceding two quarters. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corporation DENN . Denny's has reported better-than-expected earnings in the preceding two quarters. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here.	Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corporation DENN . Click to get this free report Marriott International (MAR): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's has reported better-than-expected earnings in the preceding two quarters.	Click to get this free report Marriott International (MAR): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corporation DENN . Denny's has reported better-than-expected earnings in the preceding two quarters.	Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corporation DENN . Denny's has reported better-than-expected earnings in the preceding two quarters. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here.	c8c57299-0d5b-4483-94d6-b4f548c8d08c
727392.0	2018-05-10 00:00:00 UTC	Wendy's Rides on Franchising, Re-Imaging & Expansion Efforts	DENN	https://www.nasdaq.com/articles/wendys-rides-on-franchising-re-imaging-expansion-efforts-2018-05-10	nan	nan	The Wendy's Company 's WEN strong international presence, relentless expansion, initiatives related to re-imaging restaurants, product and technological innovation put it on growth trajectory. The company recently posted better-than-expected results for the first quarter of 2018 . Adjusted earnings of 11 cents increased 37.5% year over year, primarily favored by the positive effect of lower tax rate related to share-based payments, along with the Tax Cuts and Jobs Act of 2017. Increased revenues also drove earnings of the company. In the first quarter, Wendy's recorded year-over-year revenue growth after four consecutive quarters of revenue decline. Throughout 2017, the company's top line was under substantial pressure due to the system optimization initiative through franchising. Also, the company's surprise history has not been much impressive as it missed the consensus mark in two of the last four quarters, delivering a negative average earnings surprise of 1.99%. However, backed by a solid brand presence, the company's shares have rallied 15.3%, outperforming the industry 's growth of 3.5%. Given its refranchising and reimaging initiatives to further strengthen the brand, the stock should continue to perform well in the quarters ahead. Franchised Business Model to Boost Earnings Wendy's is benefiting from its transition to a franchised business model. In 2017, the company had several first-time builders and doubled the number of franchisees building new restaurants compared with 2015. The company is expecting 1% growth in 2018. Though the reduction in ownership weighed on revenues throughout 2017, we believe that franchising a large chunk of its system will lower Wendy's general and administrative expenses, and thereby boost earnings. Moreover, over the long term, it would generate a higher return on equity by lowering capital requirements. This would also boost free cash flow, thereby enhancing shareholders' return. Also, in the first quarter of 2018, the company's top line gained from the Franchise flip that occurred in 2017. Going forward, the company also plans to continue facilitating franchisee to franchisee restaurant transfers through its buy-and-flip strategy. This strategy ensures that restaurants are put in the hands of well-capitalized franchisees, committed to long-term growth. In 2017, Wendy's facilitated 540 Buy and Flip transactions, with 130 in the fourth quarter. Re-Imaging Restaurants Likely to Improve Guest Experienc e Wendy's remains on track to achieve at least 70% of its Image Activation goal for 2020 as part of its brand-transformation initiative. This program has gained traction in the recent past, leading to increased traffic and higher sales at its restaurants. At the end of 2017, 43% of the global system featured the brand's new image. Interestingly, as a result of this re-imaging, customers have seen some bold designs and friendlier restaurant teams. In 2017, Image Activation benefited North America same-restaurant sales by 70 basis points and the company expects a 60-basis point benefit in 2018. Strong International Presence & Expansion Efforts Bode Well Wendy's is steadfast in completing the goal of its global restaurant count reaching 7,500 by the year 2020. The company's international business is thus poised to be growth driver in the future. The company has growth plans and partnerships in Argentina, the Philippines and Japan. Further, Wendy's has long-term development agreements with franchisees in Singapore, the Middle East, North Africa, the Russian Federation, the Eastern Caribbean, Argentina, Japan, Georgia, the Republic of Azerbaijan, Ecuador and Chile. Moreover, the advancement of Image Activation and improvement in its restaurant economic model are also enabling the company to make progress with its new unit development goals. The company achieved total net new development of 97 restaurants globally, in 2017, indicating growth of 1.5% year over year. Also, in the first quarter of 2018, the company opened 33 new restaurants as part of its expansion endeavors. Further, the company boasts a strong pipeline of projects that are expected to help it achieve its 2018 net new restaurant development growth goal of 2% globally. Zacks Rank & Other Stocks to Consider Wendy's carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Brinker EAT and Denny's DENN . While Wingstop flaunts a Zacks Rank #1 (Strong Buy), Brinker and Denny's carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here . Wingstop, Brinker and Denny's earnings for 2018 are expected to improve 9.5%, 10% and 12.1%, respectively. Wall Street's Next Amazon Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius. Click for details >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Brinker EAT and Denny's DENN . While Wingstop flaunts a Zacks Rank #1 (Strong Buy), Brinker and Denny's carry a Zacks Rank #2. Wingstop, Brinker and Denny's earnings for 2018 are expected to improve 9.5%, 10% and 12.1%, respectively.	While Wingstop flaunts a Zacks Rank #1 (Strong Buy), Brinker and Denny's carry a Zacks Rank #2. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Brinker EAT and Denny's DENN .	Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report The Wendy's Company (WEN): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Brinker EAT and Denny's DENN . While Wingstop flaunts a Zacks Rank #1 (Strong Buy), Brinker and Denny's carry a Zacks Rank #2.	Other top-ranked stocks in the U.S. restaurant space include Wingstop WING , Brinker EAT and Denny's DENN . While Wingstop flaunts a Zacks Rank #1 (Strong Buy), Brinker and Denny's carry a Zacks Rank #2. Wingstop, Brinker and Denny's earnings for 2018 are expected to improve 9.5%, 10% and 12.1%, respectively.	6c498af1-e5ee-4d16-a61c-ed35bb133d4a
727393.0	2018-05-10 00:00:00 UTC	YUM! Brands (YUM) Stock Up 22% in a Year: More Room to Run?	DENN	https://www.nasdaq.com/articles/yum-brands-yum-stock-up-22-in-a-year%3A-more-room-to-run-2018-05-10	nan	nan	YUM! Brands, Inc.YUM looks promising on the back of its effort to drive growth by developing its three iconic global brands and creating a more efficient cost structure. In the past year, shares of the company have rallied 22.2%, outperforming the industry 's increase of 4.8%. However, the stock recently came under pressure after the company's comps growth came in below the analyst expectations. Let's delve deeper. Hidden Catalyst In the first quarter of 2018, Yum Brands' completed the second year of its transformation journey. By relying extensively on the four key drivers of growth - distinctive, relevant and easy brands; unmatched franchise operating capability; bold restaurant developments; and unrivaled culture and talent - the company remains on track to achieve its target. Additionally, the digital wave has hit the U.S. fast casual restaurant sector. More and more restaurants are deploying technology to enhance guest experience. Yum! Brands is also not far behind in this race as the company seems to continue with its transformation process toward a single point-of-sale system in the United States. Evidently, in fourth-quarter 2017, Yum! Brands announced a partnership with online food delivery platform, Grubhub, to enhance online sales and delivery from its restaurants. The company has started integrating all KFC and Taco Bell restaurants with Grubhub in the first quarter. Furthermore, this Zacks Rank #3 (Hold) company has adopted a de-risking strategy by reducing its ownership of restaurants through refranchising. In first-quarter 2018, Yum Brands' had franchise ownership of 97% and is committed toward becoming at least 98% franchised. It expects to possess less than 1,000 company-owned restaurants by the end of 2018. We believe that refranchising a large portion of the system reduces the company's capital requirements and facilitates earnings per share growth and ROE expansion. Additionally, free cash flow will continue to grow, facilitating reinvestments to increase brand recognition and shareholder return. Remarkably, this shift to refranchising has substantially benefited the company's operating margin over the years. Also, it has helped Yum Brands' to post year-over-year growth in earnings over the past few quarters. Moreover, the company's earnings have surpassed the Zacks Consensus Estimate in the trailing six quarters. Concerns Despite reporting better-than-expected results in the first-quarter 2018 the company's shares recently came under pressure after its comps growth of 1% came in below the analyst expectations. Additionally, the company is highly exposed to various macroeconomic headwinds due to continual expansion in international markets. Therefore, Yum Brands' earnings remain highly vulnerable to fluctuations in exchange rates. Also, an increase in the cost of employee wages, benefits and insurance as well as other operating costs, such as rent and energy costs remain concerns for the company. A competitive retail environment might hurt the restaurants' costs as well. Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corp. DENN . All these stocks has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Brinker International has a long-term earnings growth rate of 10.9%. Del Taco Restaurants has an impressive long-term earnings growth rate of 15.8%. Denny's has reported better-than-expected earnings in the preceding two quarters. Wall Street's Next Amazon Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius. Click for details >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Yum! Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corp. DENN . Denny's has reported better-than-expected earnings in the preceding two quarters. Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here.	Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corp. DENN . Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's has reported better-than-expected earnings in the preceding two quarters.	Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corp. DENN . Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's has reported better-than-expected earnings in the preceding two quarters.	Stocks to Consider Some better-ranked stocks in the same space are Brinker International, Inc. EAT , Del Taco Restaurants, Inc. TACO and Denny's Corp. DENN . Denny's has reported better-than-expected earnings in the preceding two quarters. Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Del Taco Restaurants, Inc. (TACO): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report To read this article on Zacks.com click here.	6a0f828d-b53b-4a36-8643-24c606a084b5
727394.0	2018-05-08 00:00:00 UTC	Zacks.com featured highlights include: Camtek, Progenics Pharmaceuticals, Denny's and Dropbox	DENN	https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-camtek-progenics-pharmaceuticals-dennys-and-dropbox	nan	nan	For Immediate Release Chicago, IL - May 8, 2018 - Stocks in this week's article Camtek Ltd.CAMT , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN and Dropbox Inc.DBX . New Analyst Coverage Puts Spotlight on These 4 Stocks As analysts are the key information intermediaries in capital markets, initiation of coverage by them offers critical information on a stock which is of great value to investors. Coverage initiation by analyst(s) on a stock portrays higher investor inclination. Investors, on their part, often assume there is something special in a stock to attract analysts' interest. In other words, they believe that the company coming under coverage has value that can't be ignored. Obviously, stocks are not randomly chosen to cover. New coverage usually reflects a reassuring future envisioned by the analyst(s). At times, increased investors' focus on a stock motivates analysts to take a closer look at it. After all, who doesn't love to produce something that is already in demand? Hence, we often find that analysts' ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. It is worth mentioning here that the average change in broker recommendation is always preferred over a single recommendation change. New Analyst Coverage & Impact on Price Movement The price movement of a stock is the function of the recommendations on it from new analysts. Typically, stocks see an upward price movement on new analyst coverage compared to what was witnessed with a rating upgrade under an existing coverage. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation. Meanwhile, investors start paying more attention to the stock (that has very few or no existing coverage) on which an analyst provides a new recommendation. Also, any new information attracts portfolio managers to build a position in the stock. Below, we have selected five stocks that have seen increased analyst coverage over the last few weeks. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/302557/new-analyst-coverage-puts-spotlight-on-these-4-stocks Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. 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This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For Immediate Release Chicago, IL - May 8, 2018 - Stocks in this week's article Camtek Ltd.CAMT , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN and Dropbox Inc.DBX . Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.	Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - May 8, 2018 - Stocks in this week's article Camtek Ltd.CAMT , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN and Dropbox Inc.DBX . For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/302557/new-analyst-coverage-puts-spotlight-on-these-4-stocks Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.	Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - May 8, 2018 - Stocks in this week's article Camtek Ltd.CAMT , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN and Dropbox Inc.DBX . New Analyst Coverage Puts Spotlight on These 4 Stocks As analysts are the key information intermediaries in capital markets, initiation of coverage by them offers critical information on a stock which is of great value to investors.	For Immediate Release Chicago, IL - May 8, 2018 - Stocks in this week's article Camtek Ltd.CAMT , Progenics Pharmaceuticals, Inc.PGNX , Denny's CorporationDENN and Dropbox Inc.DBX . Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations.	5c3f2dbd-dc92-4d07-8b70-d5876bb6ae95
727395.0	2018-05-07 00:00:00 UTC	New Analyst Coverage Puts Spotlight on These 4 Stocks	DENN	https://www.nasdaq.com/articles/new-analyst-coverage-puts-spotlight-on-these-4-stocks-2018-05-07	nan	nan	As analysts are the key information intermediaries in capital markets, initiation of coverage by them offers critical information on a stock which is of great value to investors. Coverage initiation by analyst(s) on a stock portrays higher investor inclination. Investors, on their part, often assume there is something special in a stock to attract analysts' interest. In other words, they believe that the company coming under coverage has value that can't be ignored. Obviously, stocks are not randomly chosen to cover. New coverage usually reflects a reassuring future envisioned by the analyst(s). At times, increased investors' focus on a stock motivates analysts to take a closer look at it. After all, who doesn't love to produce something that is already in demand? Hence, we often find that analysts' ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. It is worth mentioning here that the average change in broker recommendation is always preferred over a single recommendation change. New Analyst Coverage & Impact on Price Movement The price movement of a stock is the function of the recommendations on it from new analysts. Typically, stocks see an upward price movement on new analyst coverage compared to what was witnessed with a rating upgrade under an existing coverage. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation. Meanwhile, investors start paying more attention to the stock (that has very few or no existing coverage) on which an analyst provides a new recommendation. Also, any new information attracts portfolio managers to build a position in the stock. Below, we have selected five stocks that have seen increased analyst coverage over the last few weeks. Screening Criteria Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago (This will shortlist stocks that have recent new coverage). Average Broker Rating less than Average Broker Rating four weeks ago ('Less than' means 'better than' four weeks ago). Increased analyst coverage and improving average rating are the primary criteria of this strategy but one should consider other relevant parameters to make the strategy foolproof. Here are the other screening parameters: Price greater than or equal to $5 (as a stock below $5 will not likely create significant interest for most investors). Average Daily Volume greater than or equal to 100,000 shares (if volume isn't enough, it will not attract individual investors). Here are four of the five stocks that passed the screen: Camtek Ltd.CAMT designs, develops, manufactures, and markets automatic optical inspection systems and related products. The stock sports a Zack Rank #1 (Strong Buy) and has gained more than 19% in the past six months, outperforming the industry 's 9.5% rally. Earnings estimates have moved 11.4% north for 2018 and 8.8% for 2019 in the last 30 days, depicting the stock's potential to scale higher. Full-year 2018 and 2019 earnings for the company are expected to grow 81.5% and 25.5%, respectively. Progenics Pharmaceuticals, Inc.PGNX develops medicines and other technologies to treat cancer in the United States and internationally. The stock carries a Zacks Rank #3 (Hold) and has advanced 19.9% in the last six months, faring much better than its industry 's 6.8% decline. Loss estimates for 2018 have narrowed to 72 cents per share from 83 cents over the last 60 days. Denny's CorporationDENN is one of the largest restaurant companies. Shares of the company, carrying a Zacks Rank #3, have gained more than 29% in the past six months, comparing favorably with the industry 's 2% growth. The Zacks Consensus Estimate for earnings has moved 14% up for 2018 and 12.9% for 2019 over the past 30 days. Dropbox Inc.DBX provides a collaboration platform worldwide. This Zacks Rank #3 stock has seen earnings estimates move up 26.7% for 2018 and 30.4% for 2019 over the past 30 days. You can see the complete list of today's Zacks #1 Rank stocks here . You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today . Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free » Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Denny's CorporationDENN is one of the largest restaurant companies. Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four of the five stocks that passed the screen: Camtek Ltd.CAMT designs, develops, manufactures, and markets automatic optical inspection systems and related products.	Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN is one of the largest restaurant companies. Screening Criteria Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago (This will shortlist stocks that have recent new coverage).	Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN is one of the largest restaurant companies. Hence, we often find that analysts' ratings on newly-added stocks are more favorable than ratings on continuously covered stocks.	Denny's CorporationDENN is one of the largest restaurant companies. Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis Report Progenics Pharmaceuticals Inc. (PGNX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report DROPBOX INC-A (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations.	e1f2c54b-5b64-42bc-b045-aedc81452194
727396.0	2018-04-30 00:00:00 UTC	Restaurant Stock Q1 Earnings Due on May 1: EAT, PZZA & More	DENN	https://www.nasdaq.com/articles/restaurant-stock-q1-earnings-due-on-may-1%3A-eat-pzza-more-2018-04-30	nan	nan	We are in the thick of the Q1 earnings season with 267 S&P 500 members having already released their quarterly numbers and multiple reports scheduled for release this week. More than 900 companies, including 142 S&P 500 members, will report earnings this week. Per the latest Earnings Preview , 76.8% surpassed earnings estimates while 73.8% beat revenue estimates and 61.4% outpaced both the counts. Further, total earnings of these companies increased 25.1% from the same period last year on 10% higher revenues. The report projects an 22.6% year-over-year rise in total earnings for S&P 500 companies, with revenues likely to increase 8.4%. This compares favorably with the year-over-year earnings growth of 13.4% but unfavorably with 8.6% year-over-year revenue growth in the last report. Here's What the Restaurant Space is Cooking Up After surviving the seven-quarter spell of comps decline, the U.S. restaurant industry was pleasantly surprised in the fourth quarter of 2017. According to TDn2K's The Restaurant Industry Snapshot, fourth-quarter comps were up 0.4%, comparing favorably with the third-quarter's comps decline of 1%. March shone bright on the industry as it recorded the highest sales growth since October 2017, with comps growing 0.8%. Comps in the first quarter, however, ticked up only 0.1% year over year. Nonetheless, the industry has posted two successive quarters of positive comps, which reflect slow yet steady growth. Moreover, the restaurant industry saw sales growth in the last four of the past six months. This indicates that the soft performance during the first two months was primarily due to external factors like bad weather. The turnaround for most restaurants, starting November 2017, was backed by a rise in consumer demand and discretionary spending. This is evident from the fact that guest check growth has been accelerating in recent quarters. Average of guest check growth in the first two quarters of 2017 was 2.1%, while that of the last two quarters was 2.3%. Moreover, in the first quarter of 2018, average guest check rose year over year to 2.8%. Moreover, most of the restaurants are adopting aggressive sales-building strategies to drive demand. The fourth quarter bore the fruits of these efforts. We believe that the first quarter might have also witnessed an overall improvement in restaurant sales given the operational efficiencies of restaurant bigwigs. However, the Zacks Retail - Restaurants industry has gained 6.7% in the past year, underperforming the S&P 500's gain of 11.8%. Q1 Earnings Expectations Encourage Notably, majority of the Zacks broad sectors (14 out of 16) are expected to be in the positive territory in the first quarter of 2018. Restaurants in the wider Retail wholesale sector seem to have a solid footing as well. The latest earnings outlook calls for a 17.8% rise in the sector's earnings compared with 3% growth in the last reported quarter. Revenues in the first quarter are expected to rise 7.8% (a little lower than 9.7% in the fourth quarter of 2017). Margins in the quarter are anticipated to increase 0.4%, comparing favorably with the prior quarter's decline of 0.3%. Restaurant Stocks to Report Earnings on May 1 Yum China Holdings, Inc.YUMC is a licensee of Yum! Brands YUM , primarily in mainland China. The company has rights to KFC, China's quick-service restaurant concept, Pizza Hut, casual dining restaurant brand and Taco Bell. Over the past year, the company has gained 21.6%, outperforming the industry. The Zacks Consensus Estimate for the company's first-quarter 2018 earnings is pegged at 45 cents, reflecting a year-over-year increase of 2.3%. Also, analysts polled by Zacks expect revenues of $1.37 billion, suggesting an increase of 6.3% from the year-ago quarter. Yum China carries a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%, a combination that does not indicate a beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter . Another pizza giant, Papa John's International, Inc.PZZA is likely to witness year-over-year decline in both the top and the bottom line. The company has been grappling with declining comparable sales in domestic market for quite some time. In the third and fourth quarter of 2017, domestic company-owned restaurant comps declined 1.4% and 4.7%, respectively. Further, comps for North America franchised restaurants fell 3.5% in the last reported quarter, comparing unfavorably with comps growth of 3.4% in the fourth quarter of 2016. Comps at system-wide North American restaurants were down 3.9%, comparing unfavorably with 3.8% growth in the year-ago quarter. The company's shares have also lost 20.8% in the past year. (Read More: Factors Setting the Tone for Papa John's Q1 Earnings ). The question lingering in investors' minds now is whether Papa John's International will be able to deliver a beat in the first quarter of 2018. The consensus estimate for the first quarter is pegged at 62 cents, lower than 74 cents in the year-ago quarter. In the past 30 days, the company's earnings have witnessed downward revisions, reflecting analysts' concern surrounding the stock. Meanwhile, analysts polled by Zacks expect revenues of nearly $442 million, down 1.6% from the prior-year quarter. The company carries a Zacks Rank #4 and an Earnings ESP of 0.00%, a combination that does not indicate a beat. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Meanwhile, Brinker International, Inc.EAT has a Zacks Rank #3 (Hold) and an Earnings ESP of +0.69%, indicating a beat in the third quarter of fiscal 2018. Brinker is expected to witness year-over-year earnings growth. The consensus estimate for earnings is pegged at $1.03, indicating 9.6% growth over the year-ago quarter. Revenues however are projected to decline 0.9% from a year ago. Notably, shares of the company have gained 1.3% in a year's time. Another leading restaurant operator, Denny's CorporationDENN is scheduled to report first-quarter numbers after market close. The consensus estimate for first-quarter revenues is pegged at $155.7 million, reflecting 21.7% year-over-year growth. Moreover, the consensus estimate calls for earnings of 13 cents, suggesting 8.3% year-over-year growth. Denny's carries a Zacks Rank #4 and an Earnings ESP of 0.00%, a combination that dims the possibilities of a beat. However, the company has rallied 35.2% in the past year. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Yum! Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report Yum China Holdings Inc. (YUMC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Another leading restaurant operator, Denny's CorporationDENN is scheduled to report first-quarter numbers after market close. Denny's carries a Zacks Rank #4 and an Earnings ESP of 0.00%, a combination that dims the possibilities of a beat. Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report Yum China Holdings Inc. (YUMC): Free Stock Analysis Report To read this article on Zacks.com click here.	Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report Yum China Holdings Inc. (YUMC): Free Stock Analysis Report To read this article on Zacks.com click here. Another leading restaurant operator, Denny's CorporationDENN is scheduled to report first-quarter numbers after market close. Denny's carries a Zacks Rank #4 and an Earnings ESP of 0.00%, a combination that dims the possibilities of a beat.	Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report Yum China Holdings Inc. (YUMC): Free Stock Analysis Report To read this article on Zacks.com click here. Another leading restaurant operator, Denny's CorporationDENN is scheduled to report first-quarter numbers after market close. Denny's carries a Zacks Rank #4 and an Earnings ESP of 0.00%, a combination that dims the possibilities of a beat.	Another leading restaurant operator, Denny's CorporationDENN is scheduled to report first-quarter numbers after market close. Denny's carries a Zacks Rank #4 and an Earnings ESP of 0.00%, a combination that dims the possibilities of a beat. Brands, Inc. (YUM): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report Brinker International, Inc. (EAT): Free Stock Analysis Report Yum China Holdings Inc. (YUMC): Free Stock Analysis Report To read this article on Zacks.com click here.	54e06048-b3b7-4701-b2ee-f7e451e1e150
727397.0	2018-02-13 00:00:00 UTC	Denny’s Corporation (DENN) Q4 Domestic Same-Store Sales Up 2.2%	DENN	https://www.nasdaq.com/articles/dennys-corporation-denn-q4-domestic-same-store-sales-22-2018-02-13	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's Corporation (NASDAQ: DENN ) posted above-average quarterly earnings results after hours Tuesday. For its fourth quarter, the restaurant chain reported a 2.2% growth in its domestic system-wide same-store sales, which included a 2.1% increase at company restaurants, as well as a 2.2% gain at domestic franchised restaurants. The company completed 69 remodels, including 67 at franchised restaurants, and opened 14 system restaurants, including three international franchised locations. Denny's operating income popped 17.7% to $18.9 million. Its net income was $13.1 million, or 19 cents per diluted share, while its adjusted net income was $12.2 million, or 18 cents per share. Adjusted earnings rose 7.6% to 27.8 million and the company generated $15.3 million of adjusted free cash flow after capital expenditures. For the full year, Denny's saw its domestic system-wide same-store sales rise 1.1%, including a 1% gain at company restaurants and a 1.1% increase at domestic franchised restaurants. The chain completed 250 remodels, including 247 at franchised restaurants, and opened 39 system restaurants, including seven international franchised locations. Its operating income surged 50.4% to $70.7 million. Denny's posted a net income of $39.6 million for the full year, or 56 cents per share, while its adjusted net income was $40.7 million. Its adjusted net income per share was 58 cents per share and its adjusted earnings per share gained 2.3% to $101.7 million. The restaurant operation raked in $50.1 million of adjusted free cash flow after cash capital expenditures and allocated $82.9 million towards share repurchases. DENN stock was trading flat after the bell Tuesday. More From InvestorPlace 10 Tech Stocks to Buy if You're Afraid of the Bears 3 Battered Dividend Stocks to Fund Your Retirement 7 Stocks to Own Should the Latest Correction Get REALLY Ugly Compare Brokers The post Denny's Corporation (DENN) Q4 Domestic Same-Store Sales Up 2.2% appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's Corporation (NASDAQ: DENN ) posted above-average quarterly earnings results after hours Tuesday. For the full year, Denny's saw its domestic system-wide same-store sales rise 1.1%, including a 1% gain at company restaurants and a 1.1% increase at domestic franchised restaurants. More From InvestorPlace 10 Tech Stocks to Buy if You're Afraid of the Bears 3 Battered Dividend Stocks to Fund Your Retirement 7 Stocks to Own Should the Latest Correction Get REALLY Ugly Compare Brokers The post Denny's Corporation (DENN) Q4 Domestic Same-Store Sales Up 2.2% appeared first on InvestorPlace .	For the full year, Denny's saw its domestic system-wide same-store sales rise 1.1%, including a 1% gain at company restaurants and a 1.1% increase at domestic franchised restaurants. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's Corporation (NASDAQ: DENN ) posted above-average quarterly earnings results after hours Tuesday. Denny's operating income popped 17.7% to $18.9 million.	Denny's posted a net income of $39.6 million for the full year, or 56 cents per share, while its adjusted net income was $40.7 million. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denny's Corporation (NASDAQ: DENN ) posted above-average quarterly earnings results after hours Tuesday. Denny's operating income popped 17.7% to $18.9 million.	For the full year, Denny's saw its domestic system-wide same-store sales rise 1.1%, including a 1% gain at company restaurants and a 1.1% increase at domestic franchised restaurants. Denny's posted a net income of $39.6 million for the full year, or 56 cents per share, while its adjusted net income was $40.7 million. More From InvestorPlace 10 Tech Stocks to Buy if You're Afraid of the Bears 3 Battered Dividend Stocks to Fund Your Retirement 7 Stocks to Own Should the Latest Correction Get REALLY Ugly Compare Brokers The post Denny's Corporation (DENN) Q4 Domestic Same-Store Sales Up 2.2% appeared first on InvestorPlace .	7096629a-e939-4c44-a528-c9a4723e9f82
727398.0	2018-01-10 00:00:00 UTC	Denny's Announces Preliminary Comps Figures for Q4 & 2017	DENN	https://www.nasdaq.com/articles/dennys-announces-preliminary-comps-figures-for-q4-2017-2018-01-10	nan	nan	Denny's CorporationDENN , like most other U.S. full-service restaurant chains, has been bearing the brunt of soft consumer spending and sluggish sales owing to the recent hurricanes. However, the company has undertaken various initiatives to navigate the challenging restaurant industry. Toward this end, Denny's banks on four strategies which include deliverance of differentiated brands to achieve consistent comps growth, carrying out operations of famous restaurants, fortifying its franchise position by expanding globally and focusing on cost and capital allocation that would drive profitable growth and enhance shareholders' value. Denny's recently reported	Denny's CorporationDENN , like most other U.S. full-service restaurant chains, has been bearing the brunt of soft consumer spending and sluggish sales owing to the recent hurricanes. Toward this end, Denny's banks on four strategies which include deliverance of differentiated brands to achieve consistent comps growth, carrying out operations of famous restaurants, fortifying its franchise position by expanding globally and focusing on cost and capital allocation that would drive profitable growth and enhance shareholders' value. Denny's recently reported	Denny's CorporationDENN , like most other U.S. full-service restaurant chains, has been bearing the brunt of soft consumer spending and sluggish sales owing to the recent hurricanes. Denny's recently reported Toward this end, Denny's banks on four strategies which include deliverance of differentiated brands to achieve consistent comps growth, carrying out operations of famous restaurants, fortifying its franchise position by expanding globally and focusing on cost and capital allocation that would drive profitable growth and enhance shareholders' value.	Denny's CorporationDENN , like most other U.S. full-service restaurant chains, has been bearing the brunt of soft consumer spending and sluggish sales owing to the recent hurricanes. Toward this end, Denny's banks on four strategies which include deliverance of differentiated brands to achieve consistent comps growth, carrying out operations of famous restaurants, fortifying its franchise position by expanding globally and focusing on cost and capital allocation that would drive profitable growth and enhance shareholders' value. Denny's recently reported	Denny's CorporationDENN , like most other U.S. full-service restaurant chains, has been bearing the brunt of soft consumer spending and sluggish sales owing to the recent hurricanes. Toward this end, Denny's banks on four strategies which include deliverance of differentiated brands to achieve consistent comps growth, carrying out operations of famous restaurants, fortifying its franchise position by expanding globally and focusing on cost and capital allocation that would drive profitable growth and enhance shareholders' value. Denny's recently reported	854cc71a-5983-463e-a3cb-4996c8429bf8
727399.0	2017-08-20 00:00:00 UTC	Which Chains Have Eclipse Deals and Promotions?	DENN	https://www.nasdaq.com/articles/which-chains-have-eclipse-deals-and-promotions-2017-08-20	nan	nan	If looking for a spot to watch the eclipse makes you hungry, then a number of chains have special deals or promotions for the extremely rare total solar eclipse that will occur on August 21, 2017. Some of these offers last longer than the actual event, while others will be nearly as brief as the extremely rare solar eclipse. And though you're more likely to make memories watching the day turn to night than you are to remember that short-term deal on a doughnut you got, there are some decent values being offered. Don't miss the eclipse in search of cheap meal or snack, but go ahead and save some money before or after the big events. Remember though, while it's perfectly fine to gaze upon the wonder of your discount treat, don't look at the actual eclipse unless you have the proper eye wear. Grab some snacks Dairy queen has a somewhat uninspired offer of buy-one, get-one for $0.99 Blizzards beginning on the day of the eclipse running through September 3. The ice cream chain also has a limited-edition version of the treat, the Triple Truffle Blizzard with fudge, peanut butter, and caramel truffles blended with vanilla soft serve offered during the same period. Dunkin' Donuts (NASDAQ: DNKN) doesn't have an eclipse deal, but it is running eclipse trivia on its Twitter feed . Winners get a gift card. When it comes to the sun-blocking event Dunkin' has been eclipsed by rival Krispy Kreme. The doughnut chain will be covering its signature glazed doughnut with chocolate on eclipse day. "The solar eclipse is a rare occasion providing a total sensory experience for viewers across the continental U.S. Chocolate will have the same effect as we introduce a first-time chocolate glazing of our iconic Original Glazed Doughnut," said Chief Marketing Officer Jackie Woodward in a press release. In addition to those offers, Pilot Flying J is offering a free Milky Way or a pack of Eclipse gum with the purchase of any non-alcoholic beverage through its mobile app from eclipse day through August 25. 7-Eleven does not have an eclipse deal, but it does sell glasses that let people safely look at the phenomenon, though they are sold out in many locations. It also recommends that consumers should "purchase the exclusive shiny, selfie-inducing Chrome Dome Slurpee cup and lid," according to a press release. "The metallic dome top is perfect for taking reflective photos to be shared on social media. Have a meal Denny's (NASDAQ: DENN) has been running one of the more amusing eclipse promotions advertising "mooncakes." In the ad the company admits that "mooncakes" are really just its regular pancakes, but points out that they do look a lot like moons. On eclipse day, the chain will be offering $4 all-you-can-eat "mooncakes." Shoney's will offer what it calls an Eclipse Survival kit with any purchase of an entree, sandwich, or buffet. The kits includes a pair of eclipse viewing glasses and a chocolate MoonPie. Don't miss out Warby Parker, the eyeglasses chain, will be handing out eclipse glasses at all of its locations across the country through eclipse day. If your local store has run out, or you don't live near one of the chain's locations, the company also has template for making a pinhole projector on its website. In addition to the deals above, a number of chains have local deals in areas that fall along the "path of totality" where the eclipse can be viewed fully. And, of course, if you just want to sit inside with a cold beverage, Frigidaire will hold its first-ever Blackout Sale, featuring products from the company's new Black Stainless Steel collection. Running through August 23, the sale will offer items in the collection at least 30% off. 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Denny's wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 1, 2017 Daniel Kline has no position in any stocks mentioned. The Motley Fool recommends Dunkin' Brands Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Have a meal Denny's (NASDAQ: DENN) has been running one of the more amusing eclipse promotions advertising "mooncakes." 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Denny's wasn't one of them!	Have a meal Denny's (NASDAQ: DENN) has been running one of the more amusing eclipse promotions advertising "mooncakes." 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Denny's wasn't one of them!	Have a meal Denny's (NASDAQ: DENN) has been running one of the more amusing eclipse promotions advertising "mooncakes." 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Denny's wasn't one of them!	Have a meal Denny's (NASDAQ: DENN) has been running one of the more amusing eclipse promotions advertising "mooncakes." 10 stocks we like better than Denny's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Denny's wasn't one of them!	240c9870-307a-4846-ad81-47677c847be0

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