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727400.0
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2017-06-29 00:00:00 UTC
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Why GrubHub Inc (GRUB) Stock Is a No-Go Right Now
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DENN
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https://www.nasdaq.com/articles/why-grubhub-inc-grub-stock-is-a-no-go-right-now-2017-06-29
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
GrubHub Inc (NYSE: GRUB ) stock has been a big winner recently. Last Friday, GRUB stock closed at an all-time high right around $48 per share. That is up about 50% from where the stock traded in late March 2017.
Source: Shutterstock
The catalyst? A massively positive Q1 earnings report at the end of April, which largely muted competitive concerns.
Into that report, GRUB stock was getting killed as competition heated up in the online and mobile food ordering and delivery marketplace. But GRUB smashed Q1 estimates and investors forgot about those competitive concerns. The market sentiment was that GrubHub was still the king of its space.
But that sentiment has quickly changed in just the past few days. Competitive concerns rushed back to the forefront on Sunday night when Morgan Stanley downgraded the stock to Equal Weight and slashed its price target by $4 to $43. Analysts argued that Amazon.com, Inc. (NASDAQ: AMZN ) and Uber are beginning to eat away at GRUB's market share.
GRUB stock dropped over 6% on Monday.
And when it rains, it pours. Monness Crespi reiterated its Sell rating on the stock on Tuesday, saying GrubHub doesn't have a defensible position in the space. GRUB stock dropped another near 3% on Tuesday.
But the stock is rebounding today after Pacific Crest reiterated its Overweight rating and said that the recent competitive concerns are overdone. GrubHub is up about 1.6% so far today.
Clearly, analysts are in disagreement about this stock, but who is right?
Well, they are all right to some degree. Here's why.
GrubHub Is a Great Company, But the Stock Is Risky
GrubHub has a lot of competition, but that's nothing new. Postmates, UberEats and Amazon Restaurants are just a handful of many other players that accompany GrubHub in the online food ordering and delivery marketplace. But they have all been around for some time.
As illustrated by the company's Q1 results, GRUB has displayed an impressive ability to brush off this wave of competition. Q1 represented the company's best quarter in history in terms of both organic Active Diner net adds and restaurant adds. New restaurant adds included headline names like TGI Fridays , Chili's , Maggiano's and Rubio's Coastal Grill . GrubHub also expanded partnerships with big restaurant chains like Denny's Corporation (NASDAQ: DENN ) and Buffalo Wild Wings (NASDAQ: BWLD ).
The number of markets with Daily Average Grub volume in excess of 1,000 grew from 22 to 28, 30% sequential growth. The core user base remained particularly sticky, as Active Diners acquired in January 2013 placed more orders on the platform in March 2017 than they did in March 2016.
10 Stocks Ready for a BIG Move - In Either Direction
So, clearly, recent data seems to support the bullish Pacific Crest thesis. Consumers and restaurants alike are flocking to the GrubHub platform in greater number than ever before. Geographic expansion is happening at a rapid rate. Once consumers use the platform, they stick to using it. Overall, competitive concerns do seem to be overblown.
But at the same time, competition is heating up. Amazon Restaurants is gaining in popularity, as 26% of Prime members have used Amazon Restaurants in the past 6 months . Meanwhile, DoorDash, Postmates, and UberEats have all quickly ascended in popularity, and are now commonly used by many Millennial consumers.
So Morgan Stanley and Monness Crespi are also right. There are undoubtedly clear warning signs that GrubHub could lose market share in the future.
So what's really going on?
Well, everything is going digital, and that includes more than just shopping for clothes. Simply observe the correlation between Domino's Pizza, Inc. (NYSE: DPZ ) and Netflix, Inc. (NASDAQ: NFLX ) to understand that online food ordering and delivery is a booming trend. Simply, the marketplace is growing at a rapid rate.
Indeed, its growing fast enough that all these competing platforms are growing together without rubbing elbows.
But how long can that last? And how much can GrubHub defend its leadership position once market growth starts to flatten?
Rite Aid Corporation (RAD) Stock Is Screwed
Those questions don't have answers yet, and that makes GRUB stock particularly risky at these levels.
Bottom Line on GRUB Stock
GRUB stock trades right around 31-times next year's consensus earnings estimates. Meanwhile, the Street is looking for compounded earnings growth around 20% over the next 5 years. A 31-times forward multiple for 20% growth isn't great, especially considering that there are plenty of risks to that 20% growth rate.
If growth is more like 10-15% due to competition eating market share, then GRUB stock is grossly over valued here. If its 20%, then the stock feels fairly valued. Either way, I really don't think there is huge upside to this stock from a $44 base.
Analysts can't seem to agree on the future of GrubHub, but there is a lot of growth baked into GRUB's valuation.
That makes the stock particularly risky here. I think its best to stay away.
As of this writing, Luke Lango was long AMZN and NFLX.
More From InvestorPlace
7 Lousy Dividend Stocks That Are Nothing But Trouble
10 Stocks to Buy Before They Finally Join the Rally
7 Stocks to Buy on the Verge of Double-Digit Breakouts
The post Why GrubHub Inc (GRUB) Stock Is a No-Go Right Now 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.
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GrubHub also expanded partnerships with big restaurant chains like Denny's Corporation (NASDAQ: DENN ) and Buffalo Wild Wings (NASDAQ: BWLD ). Competitive concerns rushed back to the forefront on Sunday night when Morgan Stanley downgraded the stock to Equal Weight and slashed its price target by $4 to $43. 10 Stocks Ready for a BIG Move - In Either Direction So, clearly, recent data seems to support the bullish Pacific Crest thesis.
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GrubHub also expanded partnerships with big restaurant chains like Denny's Corporation (NASDAQ: DENN ) and Buffalo Wild Wings (NASDAQ: BWLD ). InvestorPlace - Stock Market News, Stock Advice & Trading Tips GrubHub Inc (NYSE: GRUB ) stock has been a big winner recently. Monness Crespi reiterated its Sell rating on the stock on Tuesday, saying GrubHub doesn't have a defensible position in the space.
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GrubHub also expanded partnerships with big restaurant chains like Denny's Corporation (NASDAQ: DENN ) and Buffalo Wild Wings (NASDAQ: BWLD ). InvestorPlace - Stock Market News, Stock Advice & Trading Tips GrubHub Inc (NYSE: GRUB ) stock has been a big winner recently. Bottom Line on GRUB Stock GRUB stock trades right around 31-times next year's consensus earnings estimates.
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GrubHub also expanded partnerships with big restaurant chains like Denny's Corporation (NASDAQ: DENN ) and Buffalo Wild Wings (NASDAQ: BWLD ). InvestorPlace - Stock Market News, Stock Advice & Trading Tips GrubHub Inc (NYSE: GRUB ) stock has been a big winner recently. GrubHub Is a Great Company, But the Stock Is Risky GrubHub has a lot of competition, but that's nothing new.
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f60dc307-69fd-4033-b317-0d311239ac27
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727401.0
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2017-04-22 00:00:00 UTC
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The Steaks Are High: Netflix Hits 100 Million
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DENN
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https://www.nasdaq.com/articles/steaks-are-high-netflix-hits-100-million-2017-04-22
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nan
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nan
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Netflix (NASDAQ: NFLX) fell short of its first-quarter subscriber targets, but it's off to a good start for the second quarter. CEO Reed Hastings announced on Friday afternoon that Netflix had hit 100 million members.
Hastings chose an unusual way to reveal that his company's user base had cracked nine figures. He posted a photo of himself, enjoying a steak dinner at Denny's (NASDAQ: DENN) on Facebook (NASDAQ: FB) . Hastings has a history of celebrating milestones this way.
There's a Grand Slam on the menu
Hastings put out the celebratory post after the market closed on Friday, so investors will have to wait until Monday to gauge the market's reaction. It's still encouraging, even if it's odd to see the man behind the biggest S&P 500 gainer through the past four years eating alone at Denny's. The photo's caption suggests that it's the way he celebrated cracking a million members several years earlier:
The milestone is a pretty big deal, especially since earlier in the week Netflix revealed that it closed out the first quarter with 98.75 million streaming accounts. Its earlier guidance was calling for 99 million, making this a rare miss for Netflix.
Netflix on Monday initiated a forecast of 3.2 million net additions for the second quarter. It was 1.25 million net additions away from 100 million, and with the fifth season of House of Cards not rolling until May 30, it was easy to assume the company would crack that ceiling at some point in May.
"Netflix's subscriber tally should cross into nine figures by early May, and you can be sure that bears will let the market know if it's mid-May and Netflix hasn't issued a press release," I wrote on Tuesday. We didn't have to wait long for this welcome surprise.
Nabbing 1.25 million net additions in the first three weeks of the quarter is huge. Having another cult fave original on its hands -- 13 Reasons Why -- is helping, but with House of Cards on tap for next month, it's easy to wonder if Netflix is once again being conservative in its forecast for 3.2 million additions. It landed more than a million more net additions than it was forecasting in the third and fourth quarters of last year.
Hastings has more than earned that steak dinner at Denny's. As a member of Facebook's board of directors, he's chosen the social-networking giant before as his way to break news of a major milestone. It probably won't be the last time we see him posting on Facebook from Denny's, though the path to 200 million or even 150 million will take a long time.
10 stocks we like better than Netflix
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 Netflix 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 April 3, 2017
Rick Munarriz owns shares of Netflix. The Motley Fool owns shares of and recommends Facebook and 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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He posted a photo of himself, enjoying a steak dinner at Denny's (NASDAQ: DENN) on Facebook (NASDAQ: FB) . It's still encouraging, even if it's odd to see the man behind the biggest S&P 500 gainer through the past four years eating alone at Denny's. Hastings has more than earned that steak dinner at Denny's.
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He posted a photo of himself, enjoying a steak dinner at Denny's (NASDAQ: DENN) on Facebook (NASDAQ: FB) . It's still encouraging, even if it's odd to see the man behind the biggest S&P 500 gainer through the past four years eating alone at Denny's. Hastings has more than earned that steak dinner at Denny's.
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It probably won't be the last time we see him posting on Facebook from Denny's, though the path to 200 million or even 150 million will take a long time. He posted a photo of himself, enjoying a steak dinner at Denny's (NASDAQ: DENN) on Facebook (NASDAQ: FB) . It's still encouraging, even if it's odd to see the man behind the biggest S&P 500 gainer through the past four years eating alone at Denny's.
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He posted a photo of himself, enjoying a steak dinner at Denny's (NASDAQ: DENN) on Facebook (NASDAQ: FB) . It's still encouraging, even if it's odd to see the man behind the biggest S&P 500 gainer through the past four years eating alone at Denny's. Hastings has more than earned that steak dinner at Denny's.
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fd1ff655-da7f-4aeb-992f-001e7615fa8d
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727402.0
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2017-02-17 00:00:00 UTC
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Denny's (DENN) is in Overbought Territory: Whats Next?
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DENN
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https://www.nasdaq.com/articles/dennys-denn-is-in-overbought-territory%3A-whats-next-2017-02-17
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nan
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nan
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Denny's CorporationDENN has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DENN is now in overbought territory with an RSI value of 78.22.
What is RSI?
RSI stands for 'Relative Strength Index' and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet DENN's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Denny's stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of DENN's prospects for the near term.
Over the past two months, investors have witnessed 1 earnings estimates revision lower compared to none higher for the current year. The consensus estimate for DENN has also been on a downward trend over the same time period too, as the estimate has fallen from $0.58/share two months ago to just $0.57/share today.
If this wasn't enough, Denny's also has a Zacks Rank #4 (Sell)which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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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.
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Other Factors Yet DENN's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Denny's stock as of late. If this wasn't enough, Denny's also has a Zacks Rank #4 (Sell)which puts it into unfortunate company among its peers. Denny's CorporationDENN has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DENN is now in overbought territory with an RSI value of 78.22.
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Other Factors Yet DENN's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Denny's stock as of late. Click to get this free report Denny's Corporation (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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Other Factors Yet DENN's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Denny's stock as of late. If this wasn't enough, Denny's also has a Zacks Rank #4 (Sell)which puts it into unfortunate company among its peers. Denny's CorporationDENN has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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ff470d74-2ba1-4770-a28e-98489907f32f
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727403.0
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2017-02-16 00:00:00 UTC
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Mid-Day Market Update: Build-A-Bear Falls On Earnings Miss; Denny's Shares Surge
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DENN
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https://www.nasdaq.com/articles/mid-day-market-update-build-bear-falls-earnings-miss-dennys-shares-surge-2017-02-16
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nan
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nan
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Midway through trading Thursday, the Dow traded down 0.11 percent to 20,589.38 while the NASDAQ declined 0.23 percent to 5,805.87. The S&P also fell, dropping 0.27 percent to 2,342.79.
Leading and Lagging Sectors
Technology shares climbed by 0.24 percent in trading on Thursday. Meanwhile, top gainers in the sector included Synopsys, Inc. (NASDAQ: SNPS ), and NetEase Inc (ADR) (NASDAQ: NTES ).
In trading on Thursday, energy shares fell by 0.61 percent. Meanwhile, top losers in the sector included Hornbeck Offshore Services, Inc. (NYSE: HOS ), down 21 percent, and SunPower Corporation (NASDAQ: SPWR ), down 7 percent.
Top Headline
Wendys Co (NASDAQ:
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Leading and Lagging Sectors Technology shares climbed by 0.24 percent in trading on Thursday. In trading on Thursday, energy shares fell by 0.61 percent. Meanwhile, top losers in the sector included Hornbeck Offshore Services, Inc. (NYSE: HOS ), down 21 percent, and SunPower Corporation (NASDAQ: SPWR ), down 7 percent.
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Midway through trading Thursday, the Dow traded down 0.11 percent to 20,589.38 while the NASDAQ declined 0.23 percent to 5,805.87. Leading and Lagging Sectors Technology shares climbed by 0.24 percent in trading on Thursday. In trading on Thursday, energy shares fell by 0.61 percent.
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Midway through trading Thursday, the Dow traded down 0.11 percent to 20,589.38 while the NASDAQ declined 0.23 percent to 5,805.87. Meanwhile, top gainers in the sector included Synopsys, Inc. (NASDAQ: SNPS ), and NetEase Inc (ADR) (NASDAQ: NTES ). Meanwhile, top losers in the sector included Hornbeck Offshore Services, Inc. (NYSE: HOS ), down 21 percent, and SunPower Corporation (NASDAQ: SPWR ), down 7 percent.
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Meanwhile, top gainers in the sector included Synopsys, Inc. (NASDAQ: SNPS ), and NetEase Inc (ADR) (NASDAQ: NTES ). In trading on Thursday, energy shares fell by 0.61 percent. Meanwhile, top losers in the sector included Hornbeck Offshore Services, Inc. (NYSE: HOS ), down 21 percent, and SunPower Corporation (NASDAQ: SPWR ), down 7 percent.
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4a168326-f17c-4d84-a19f-6966107c0db2
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727404.0
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2017-02-16 00:00:00 UTC
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Why Shares of Denny's Corp. Are Soaring Today
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DENN
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https://www.nasdaq.com/articles/why-shares-dennys-corp-are-soaring-today-2017-02-16
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nan
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nan
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What happened
Shares of Denny's Corp. (NASDAQ: DENN) jumped on Thursday after the company reported better-than-expected fourth-quarter results. Positive same-store sales growth and an operating margin increase was enough to send the stock up 13% by 11:45 a.m. EST.
So what
Denny's reported fourth-quarter revenue of $129.6 million, up 4.5% year over year and less than $1 million higher than the average analyst estimate. Domestic systemwide same-store sales rose by 0.5%, with a 0.1% increase at company restaurants and a 0.6% increase at franchised restaurants. Denny's acquired one franchised restaurant, opened 12 new franchised restaurants, and closed seven franchised restaurants during the quarter.
Non-GAAP EPS came in at $0.17, up from $0.11 during the prior-year period and $0.04 better than analysts were expecting. GAAP EPS was $0.15, up from $0.11. Company stores managed an operating margin of 17.5%, up 230 basis points year over year, while Denny's franchise operations produced an operating margin of 72.1%, up 220 basis points. A lower tax rate also helped boost net income.
CEO John Miller summed up the company's results:
Now what
Denny's expects same-store sales growth at company and franchised restaurants between 0% and 2% in 2017, with net restaurant growth of 10 to 20 units helping to drive revenue between $523 million and $532 million. Company restaurant margins are also expected to remain high, with a guidance range of 17.5% to 18%.
Denny's fourth-quarter results and guidance were both solid, particularly given the difficulties other restaurant chains are having. Investors viewed even sluggish same-store sales growth positively, and the significant earnings beat was icing on the cake.
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 February 6, 2017
Timothy Green has no position in any 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.
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What happened Shares of Denny's Corp. (NASDAQ: DENN) jumped on Thursday after the company reported better-than-expected fourth-quarter results. So what Denny's reported fourth-quarter revenue of $129.6 million, up 4.5% year over year and less than $1 million higher than the average analyst estimate. Denny's acquired one franchised restaurant, opened 12 new franchised restaurants, and closed seven franchised restaurants during the quarter.
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Company stores managed an operating margin of 17.5%, up 230 basis points year over year, while Denny's franchise operations produced an operating margin of 72.1%, up 220 basis points. CEO John Miller summed up the company's results: Now what Denny's expects same-store sales growth at company and franchised restaurants between 0% and 2% in 2017, with net restaurant growth of 10 to 20 units helping to drive revenue between $523 million and $532 million. What happened Shares of Denny's Corp. (NASDAQ: DENN) jumped on Thursday after the company reported better-than-expected fourth-quarter results.
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Denny's acquired one franchised restaurant, opened 12 new franchised restaurants, and closed seven franchised restaurants during the quarter. Company stores managed an operating margin of 17.5%, up 230 basis points year over year, while Denny's franchise operations produced an operating margin of 72.1%, up 220 basis points. CEO John Miller summed up the company's results: Now what Denny's expects same-store sales growth at company and franchised restaurants between 0% and 2% in 2017, with net restaurant growth of 10 to 20 units helping to drive revenue between $523 million and $532 million.
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CEO John Miller summed up the company's results: Now what Denny's expects same-store sales growth at company and franchised restaurants between 0% and 2% in 2017, with net restaurant growth of 10 to 20 units helping to drive revenue between $523 million and $532 million. What happened Shares of Denny's Corp. (NASDAQ: DENN) jumped on Thursday after the company reported better-than-expected fourth-quarter results. So what Denny's reported fourth-quarter revenue of $129.6 million, up 4.5% year over year and less than $1 million higher than the average analyst estimate.
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aeb24d08-b1ab-4627-bfc5-2a628690f74f
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727405.0
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2017-02-16 00:00:00 UTC
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Consumer Sector Update for 02/16/2017: KATE,DENN,BBW
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DENN
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https://www.nasdaq.com/articles/consumer-sector-update-02162017-katedennbbw-2017-02-16
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nan
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nan
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Top Consumer Stocks
WMT +0.47%
MCD +0.03%
DIS +0.19%
CVS +0.51%
KO +1.88%
Consumer stocks still were trending lower on Thursday afternoon, with shares of consumer staples companies in the S&P 500 slipping less than 0.1% while shares of consumer discretionary firms in the S&P 500 were on a 0.5% decline.
In company news, Kate Spade & Co ( KATE ) shares were surging Thursday after the women's apparel company today launched a strategic review and beat analyst estimates with its adjusted Q4 net income.
Separately, analysts at Wunderlich today raised their price target for Kate Spade by $4 to $24 a share and reiterated their Buy rating for the stock, citing the company's potential sale prospects.
The company cautioned there was no guarantee the review will result in a transaction, adding it has hired Perella Weinberg Partners to assist with the process as its financial advisors along with Paul, Weiss, Rifkind, Wharton & Garrison as its legal counsel.
Excluding one-time items, Kate Spade earned $0.41 per share, topping a $0.32 per share profit during the same quarter last year and exceeding the Capital IQ consensus by $0.07 per share. Net sales rose 9.8% over year-ago levels to $470.8 million, matching Wall Street expectations.
The company said it would not be providing forward-looking guidance during the current strategic review.
KATE shares were up more than 12% at $22.08 each, staying within a relatively close range of their $22.29-a-share session high.
In other sector news,
(+) DENN, (+12.9%) Adjusted Q4 EPS of $0.15 per share tops Street view by $0.02 per share. Revenue climbs 4.5% compared with same quarter last year to $129.61 mln, roughly in-line with the $129.43 mln consensus. U.S. same-store sales rise 0.5%, matching the company's Jan. 9 preannouncement.
(-) BBW, (-26.9%) Non-GAAP Q4 EPS of $0.31 misses analyst mean by $0.40 per share. Revenue falls 6.3% to $110.3 mln, also trailing the $126.54 mln consensus.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) DENN, (+12.9%) Adjusted Q4 EPS of $0.15 per share tops Street view by $0.02 per share. Separately, analysts at Wunderlich today raised their price target for Kate Spade by $4 to $24 a share and reiterated their Buy rating for the stock, citing the company's potential sale prospects. The company cautioned there was no guarantee the review will result in a transaction, adding it has hired Perella Weinberg Partners to assist with the process as its financial advisors along with Paul, Weiss, Rifkind, Wharton & Garrison as its legal counsel.
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In other sector news, (+) DENN, (+12.9%) Adjusted Q4 EPS of $0.15 per share tops Street view by $0.02 per share. In company news, Kate Spade & Co ( KATE ) shares were surging Thursday after the women's apparel company today launched a strategic review and beat analyst estimates with its adjusted Q4 net income. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) DENN, (+12.9%) Adjusted Q4 EPS of $0.15 per share tops Street view by $0.02 per share. Consumer stocks still were trending lower on Thursday afternoon, with shares of consumer staples companies in the S&P 500 slipping less than 0.1% while shares of consumer discretionary firms in the S&P 500 were on a 0.5% decline. In company news, Kate Spade & Co ( KATE ) shares were surging Thursday after the women's apparel company today launched a strategic review and beat analyst estimates with its adjusted Q4 net income.
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In other sector news, (+) DENN, (+12.9%) Adjusted Q4 EPS of $0.15 per share tops Street view by $0.02 per share. In company news, Kate Spade & Co ( KATE ) shares were surging Thursday after the women's apparel company today launched a strategic review and beat analyst estimates with its adjusted Q4 net income. Excluding one-time items, Kate Spade earned $0.41 per share, topping a $0.32 per share profit during the same quarter last year and exceeding the Capital IQ consensus by $0.07 per share.
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727406.0
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2017-02-16 00:00:00 UTC
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Why NetEase, Denny's, and TiVo Jumped Today
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DENN
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https://www.nasdaq.com/articles/why-netease-dennys-and-tivo-jumped-today-2017-02-16
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nan
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nan
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Thursday finally brought a pause to the stock market's advance, but traders still showed their positive sentiment in the way that major market benchmarks bounced back from more extreme early losses. The Dow managed to post an eight-point rise that represented a new record, but other market benchmarks posted small losses. After a huge run upward over the past couple of weeks, today's market actions seemed like nothing more than an acknowledgement that stocks can't move straight upward forever. Yet few things changed about the average investor's views on the current state of the stock market, and several stocks climbed higher as earnings season begins to draw toward a close. NetEase (NASDAQ: NTES) , Denny's (NASDAQ: DENN) , and TiVo (NASDAQ: TIVO) were among the top performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
NetEase hits a new high score
NetEase stock soared 14% after the company reported strong fourth-quarter and full-year 2016 results Wednesday night. The Chinese online gaming giant saw revenue jump by more than half from year-ago levels, and earnings were up even more sharply with a rise of about two-thirds. Adoption of mobile gaming in China continued to build, and NetEase sees the mobile space becoming the key audience for advertising opportunities in the world's second-largest economy. In addition to the big bottom-line gains, NetEase gave shareholders a nearly 30% increase to its quarterly dividend, and CEO William Ding believes that the company is well positioned to keep taking advantage of favorable trends to drive not only its gaming empire but also ancillary businesses like e-commerce forward.
Denny's serves up a hot quarter
Denny's stock climbed 12% in the wake of the company's fourth-quarter financial report. The restaurant chain managed to post only tepid comparable-restaurant sales growth of 0.5%, but its bottom-line growth was exceptionally strong, climbing more than 40% on an adjusted basis. CEO John Miller credited Denny's "brand revitalization strategy, [which] delivered an improved and differentiated experience for our guests across food, service, and atmosphere." Denny's saw market share gains over the course of the year, and the restaurant company sees further modest comps growth of 0% to 2% for 2017. Those results might not look all that strong, but in an environment in which many restaurant chains are struggling just to sustain revenue and profit levels from previous periods, Denny's performance was above average.
TiVo starts paying a dividend
Finally, shares of TiVo climbed 10%. The maker of digital recording technology reported its fourth-quarter financial results Wednesday afternoon, which included a nearly 70% boost in revenue following the acquisition of TiVo Solutions. Adjusted pre-tax income climbed by more than half, and the company said that it expects further gains in sales to a range of $800 million to $835 million for 2017. In light of the strong performance, TiVo chose to declare its first dividend of $0.18 per share, with the intent of continuing the move on a quarterly basis. At the same time, a $150 million stock repurchase authorization showed even more confidence in TiVo's shares, and CEO Tom Carson said that the company's product leadership and strong licensing business "position TiVo well for long-term success in our key addressable markets."
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Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends NetEase. 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.
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CEO John Miller credited Denny's "brand revitalization strategy, [which] delivered an improved and differentiated experience for our guests across food, service, and atmosphere." NetEase (NASDAQ: NTES) , Denny's (NASDAQ: DENN) , and TiVo (NASDAQ: TIVO) were among the top performers on the day. Denny's serves up a hot quarter Denny's stock climbed 12% in the wake of the company's fourth-quarter financial report.
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NetEase (NASDAQ: NTES) , Denny's (NASDAQ: DENN) , and TiVo (NASDAQ: TIVO) were among the top performers on the day. Denny's serves up a hot quarter Denny's stock climbed 12% in the wake of the company's fourth-quarter financial report. CEO John Miller credited Denny's "brand revitalization strategy, [which] delivered an improved and differentiated experience for our guests across food, service, and atmosphere."
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NetEase (NASDAQ: NTES) , Denny's (NASDAQ: DENN) , and TiVo (NASDAQ: TIVO) were among the top performers on the day. Denny's serves up a hot quarter Denny's stock climbed 12% in the wake of the company's fourth-quarter financial report. CEO John Miller credited Denny's "brand revitalization strategy, [which] delivered an improved and differentiated experience for our guests across food, service, and atmosphere."
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NetEase (NASDAQ: NTES) , Denny's (NASDAQ: DENN) , and TiVo (NASDAQ: TIVO) were among the top performers on the day. Denny's serves up a hot quarter Denny's stock climbed 12% in the wake of the company's fourth-quarter financial report. CEO John Miller credited Denny's "brand revitalization strategy, [which] delivered an improved and differentiated experience for our guests across food, service, and atmosphere."
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345d065e-46a6-4be3-83eb-93c35d421690
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727407.0
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2017-02-14 00:00:00 UTC
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This Week's Best Earnings Charts
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DENN
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https://www.nasdaq.com/articles/weeks-best-earnings-charts-2017-02-14
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nan
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nan
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Are you sad that Facebook, Google and Amazon have all reported earnings?
Fear not. There's more excitement, and trades, still to come.
Several big technology companies with hot stock charts are about to report this week. Surprisingly, they also have great earnings surprise track records.
It's not easy for companies to beat every quarter. It's only a select few who have this amazing track record.
Here are 5 who have that great record, including the 2 technology names, and they're looking to do it again this week.
1. PepsiCo PEP hasn't missed in 5 years. But will a slowdown in Tropicana and Gatorade trip it up?
2. Lithia Motors LAD is coming off its first miss in over 5 years last quarter. Uh-oh. Is this the start of a trend or a one-time miss?
3. Cisco CSCO hasn't missed in 5 years. Shares have been choppy during that period but they look to be heading higher. Is a breakout coming?
4. Applied Materials AMAT has missed just 1 time in the last 5 years. Shares are among the hottest on the Street. Is it priced for perfection?
5. Denny's Corporation DENN has only missed once in the last 5 years. Shares have slowly been moving higher and are near the high. Is the consumer pulling in their wallets?
What else should you know about these earnings charts? Tune into the short video to find out.
Want to Learn How to Trade Options on Applied Materials?
If you want more guidance on the options trades this earnings season, Dave Bartosiak takes you through the trades on Zacks Live Trader .
Do not miss Dave's analysis of the Applied Materials options trade below:
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Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Lithia Motors, Inc. (LAD): Free Stock Analysis Report
Pepsico, Inc. (PEP): Free Stock Analysis Report
Denny's Corporation (DENN): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): 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.
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Denny's Corporation DENN has only missed once in the last 5 years. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Pepsico, Inc. (PEP): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Several big technology companies with hot stock charts are about to report this week.
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Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Pepsico, Inc. (PEP): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation DENN has only missed once in the last 5 years. Do not miss Dave's analysis of the Applied Materials options trade below: The Best & Worst of Zacks Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge.
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Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Pepsico, Inc. (PEP): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation DENN has only missed once in the last 5 years. If you want more guidance on the options trades this earnings season, Dave Bartosiak takes you through the trades on Zacks Live Trader .
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Denny's Corporation DENN has only missed once in the last 5 years. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Pepsico, Inc. (PEP): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Several big technology companies with hot stock charts are about to report this week.
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c2326617-18e4-4968-b051-eb2faecccedb
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727408.0
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2017-02-08 00:00:00 UTC
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Here's Why Grubhub is Slumping After Earnings
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DENN
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https://www.nasdaq.com/articles/heres-why-grubhub-slumping-after-earnings-2017-02-08
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nan
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nan
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On Wednesday, shares of online food ordering and delivery service Grubhub Inc. GRUB are slumping, down about 2.8% in late-morning trading after the company reported disappointing fourth-quarter fiscal 2016 earnings results.
Earnings per share of 19 cents missed the Zacks Consensus Estimate of 20 cents per share, and this is the biggest reason for GRUB's drop today. Investors should note this number excludes three cents from non-recurring items. Revenues of $137.5 million matched the Zacks Consensus Estimate of $137 million and increased 38% year-over-year. Non-GAAP adjusted EBITDA came in at $39.2 million, a 46% year-over-year increase from the prior-year period.
Among its key business metrics, the Chicago-based company noted that orders, or Daily Average Grubs, grew 21% year-over-year while Active Diners were 8.17 million, a 21% increase from the year-ago period. Gross Food Sales were $818 million, which grew 27% year-over-year.
"Grubhub had a transformative year in 2016. We dramatically improved our product and reaccelerated order growth. Fueled by data-driven product enhancements, substantial strides in delivery, and a refreshed marketing approach, we exited the year growing DAGs faster than we did a year ago," said Matt Maloney, Grubhub CEO.
Grubhub signed Denny's DENN , Einstein Bros. Bagels, Red Robin Gourmet Burgers RRGB , and Hooters as corporate delivery customers in the fourth quarter, Maloney also said. The company is now operating in 70 markets, a good sign of growth as Grubhub continues to face competition from other companies like Postmates, Uber, and Amazon AMZN .
Looking ahead to fiscal 2017, Grubhub expects revenues in the range of $620 million to $660 million and adjusted EBITDA in the range of $165 million to $190 million.
Currently, GRUB is a #4 (Sell) on the Zacks Rank, and is up 9.81% year-to-date.
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Amazon.com, Inc. (AMZN): Get Free Report
Denny's Corporation (DENN): Get Free Report
Red Robin Gourmet Burgers, Inc. (RRGB): Get Free Report
GrubHub Inc. (GRUB): Get Free 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.
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Grubhub signed Denny's DENN , Einstein Bros. Bagels, Red Robin Gourmet Burgers RRGB , and Hooters as corporate delivery customers in the fourth quarter, Maloney also said. Click to get this free report Amazon.com, Inc. (AMZN): Get Free Report Denny's Corporation (DENN): Get Free Report Red Robin Gourmet Burgers, Inc. (RRGB): Get Free Report GrubHub Inc. (GRUB): Get Free Report To read this article on Zacks.com click here. On Wednesday, shares of online food ordering and delivery service Grubhub Inc. GRUB are slumping, down about 2.8% in late-morning trading after the company reported disappointing fourth-quarter fiscal 2016 earnings results.
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Grubhub signed Denny's DENN , Einstein Bros. Bagels, Red Robin Gourmet Burgers RRGB , and Hooters as corporate delivery customers in the fourth quarter, Maloney also said. Click to get this free report Amazon.com, Inc. (AMZN): Get Free Report Denny's Corporation (DENN): Get Free Report Red Robin Gourmet Burgers, Inc. (RRGB): Get Free Report GrubHub Inc. (GRUB): Get Free Report To read this article on Zacks.com click here. Looking ahead to fiscal 2017, Grubhub expects revenues in the range of $620 million to $660 million and adjusted EBITDA in the range of $165 million to $190 million.
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Click to get this free report Amazon.com, Inc. (AMZN): Get Free Report Denny's Corporation (DENN): Get Free Report Red Robin Gourmet Burgers, Inc. (RRGB): Get Free Report GrubHub Inc. (GRUB): Get Free Report To read this article on Zacks.com click here. Grubhub signed Denny's DENN , Einstein Bros. Bagels, Red Robin Gourmet Burgers RRGB , and Hooters as corporate delivery customers in the fourth quarter, Maloney also said. Revenues of $137.5 million matched the Zacks Consensus Estimate of $137 million and increased 38% year-over-year.
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Grubhub signed Denny's DENN , Einstein Bros. Bagels, Red Robin Gourmet Burgers RRGB , and Hooters as corporate delivery customers in the fourth quarter, Maloney also said. Click to get this free report Amazon.com, Inc. (AMZN): Get Free Report Denny's Corporation (DENN): Get Free Report Red Robin Gourmet Burgers, Inc. (RRGB): Get Free Report GrubHub Inc. (GRUB): Get Free Report To read this article on Zacks.com click here. Earnings per share of 19 cents missed the Zacks Consensus Estimate of 20 cents per share, and this is the biggest reason for GRUB's drop today.
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b5977552-41df-4cb9-8d31-e47fd59ec9d1
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727409.0
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2016-11-03 00:00:00 UTC
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Denny's (DENN) Shows Strength: Stock Adds 9% in Session
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DENN
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https://www.nasdaq.com/articles/dennys-denn-shows-strength%3A-stock-adds-9-in-session-2016-11-03
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nan
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nan
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Denny's CorporationDENN was a big mover last session, as its shares rose a little over 9% on the day. The move came after the restaurant operator posted third-quarter 2016 revenue of $128.4 million, which beat Street forecasts. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.09 to $10.66 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Denny's currently carries a Zacks Rank #3 (Hold).
DENNY'S CORP Price
DENNY'S CORP Price | DENNY'S CORP Quote
A better-ranked stock in the retail-restaurants space is Domino's Pizza, Inc. DPZ , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Is DENN going up? Or down? Predict to see what others think: Up or Down
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them 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
DOMINOS PIZZA (DPZ): Free Stock Analysis Report
DENNY'S CORP (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.
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Denny's CorporationDENN was a big mover last session, as its shares rose a little over 9% on the day. Denny's currently carries a Zacks Rank #3 (Hold). DENNY'S CORP Price DENNY'S CORP Price | DENNY'S CORP Quote A better-ranked stock in the retail-restaurants space is Domino's Pizza, Inc. DPZ , which sports a Zacks Rank #1 (Strong Buy).
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DENNY'S CORP Price DENNY'S CORP Price | DENNY'S CORP Quote A better-ranked stock in the retail-restaurants space is Domino's Pizza, Inc. DPZ , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN was a big mover last session, as its shares rose a little over 9% on the day.
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DENNY'S CORP Price DENNY'S CORP Price | DENNY'S CORP Quote A better-ranked stock in the retail-restaurants space is Domino's Pizza, Inc. DPZ , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN was a big mover last session, as its shares rose a little over 9% on the day.
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Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's CorporationDENN was a big mover last session, as its shares rose a little over 9% on the day. Denny's currently carries a Zacks Rank #3 (Hold).
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2a20d57e-e233-475d-8896-e2ea35f89a20
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727410.0
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2016-10-11 00:00:00 UTC
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Starbucks Opens Store in Cambodia, Eyes Global Expansion
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DENN
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https://www.nasdaq.com/articles/starbucks-opens-store-in-cambodia-eyes-global-expansion-2016-10-11
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nan
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nan
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Starbucks CorporationSBUX will open a third store in Phnom Penh, Cambodia, with plans to foray beyond the saturated U.S. market. There has been a 10% annual increase in coffee consumption in the Southeast Asian nation lately.
Cambodia is one of the fastest growing economies in the world. Thus, to cash in on the bountiful opportunities, Starbucks plans to cater to the needs of tourists as well as young professionals here. At the same time, the company will modify features like food service to suit local preferences. Notably, Starbucks already operates more than 6,200 stores in China and the Asia-Pacific region.
The company has shifted focus to the China-Asia-Pacific segment ("CAP") due to increased traffic slowdown in the flagship U.S. market. Comps in the U.S. fell below 5% in the third quarter of 2016. Notably, sales growth in the third quarter was largely supported by the China-Asia-Pacific segment. Overall sales rose 7% year over year while net revenue increased 18% to $768 million at the CAP segment.
STARBUCKS CORP Price
STARBUCKS CORP Price | STARBUCKS CORP Quote
In the wake of intensifying competition from restaurant companies like Denny's Corporation DENN , Papa John's International Inc. PZZA and Del Taco Restaurants, Inc. TACO , Starbucks has been making efforts to boost sales through various expansion and innovation initiatives.
The company expects to open 1,900 stores in 2016 of which 900 will be launched under the CAP segment. Management is also positive about its prospects in Asia and looks to tap in on the opportunities in the days ahead.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them 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
STARBUCKS CORP (SBUX): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): 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.
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STARBUCKS CORP Price STARBUCKS CORP Price | STARBUCKS CORP Quote In the wake of intensifying competition from restaurant companies like Denny's Corporation DENN , Papa John's International Inc. PZZA and Del Taco Restaurants, Inc. TACO , Starbucks has been making efforts to boost sales through various expansion and innovation initiatives. Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Starbucks CorporationSBUX will open a third store in Phnom Penh, Cambodia, with plans to foray beyond the saturated U.S. market.
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STARBUCKS CORP Price STARBUCKS CORP Price | STARBUCKS CORP Quote In the wake of intensifying competition from restaurant companies like Denny's Corporation DENN , Papa John's International Inc. PZZA and Del Taco Restaurants, Inc. TACO , Starbucks has been making efforts to boost sales through various expansion and innovation initiatives. Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report DEL TACO RSTRNT (TACO): 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.
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STARBUCKS CORP Price STARBUCKS CORP Price | STARBUCKS CORP Quote In the wake of intensifying competition from restaurant companies like Denny's Corporation DENN , Papa John's International Inc. PZZA and Del Taco Restaurants, Inc. TACO , Starbucks has been making efforts to boost sales through various expansion and innovation initiatives. Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. The company has shifted focus to the China-Asia-Pacific segment ("CAP") due to increased traffic slowdown in the flagship U.S. market.
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STARBUCKS CORP Price STARBUCKS CORP Price | STARBUCKS CORP Quote In the wake of intensifying competition from restaurant companies like Denny's Corporation DENN , Papa John's International Inc. PZZA and Del Taco Restaurants, Inc. TACO , Starbucks has been making efforts to boost sales through various expansion and innovation initiatives. Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Starbucks CorporationSBUX will open a third store in Phnom Penh, Cambodia, with plans to foray beyond the saturated U.S. market.
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faf884f1-5428-4c43-9133-039fc3e05f0d
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727411.0
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2016-10-10 00:00:00 UTC
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Consumer Sector Update for 10/10/2016: DENN
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DENN
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https://www.nasdaq.com/articles/consumer-sector-update-10102016-denn-2016-10-10
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nan
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nan
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Top Consumer Shares:
WMT: flat
MCD: +0.6%
DIS: +0.4%
CVS: flat
KO: +0.5%
GE: +0.2%
Consumer shares were mainly higher ahead of the opening bell on Monday.
In consumer stocks news, Denny's Corp. ( DENN ) said pre-market Monday it opened its first restaurant in the Philippines at Bonifacio Global City and that franchisee Bistro Group is planning to open 10 Denny's restaurants over the next 10 years across the country.
Shares in the company were unchanged at $10.25 pre-bell. The stock has traded between $8.71 and $11.89 over the past 52 weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In consumer stocks news, Denny's Corp. ( DENN ) said pre-market Monday it opened its first restaurant in the Philippines at Bonifacio Global City and that franchisee Bistro Group is planning to open 10 Denny's restaurants over the next 10 years across the country. Top Consumer Shares: WMT: flat Consumer shares were mainly higher ahead of the opening bell on Monday.
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In consumer stocks news, Denny's Corp. ( DENN ) said pre-market Monday it opened its first restaurant in the Philippines at Bonifacio Global City and that franchisee Bistro Group is planning to open 10 Denny's restaurants over the next 10 years across the country. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In consumer stocks news, Denny's Corp. ( DENN ) said pre-market Monday it opened its first restaurant in the Philippines at Bonifacio Global City and that franchisee Bistro Group is planning to open 10 Denny's restaurants over the next 10 years across the country. Top Consumer Shares: WMT: flat Consumer shares were mainly higher ahead of the opening bell on Monday.
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In consumer stocks news, Denny's Corp. ( DENN ) said pre-market Monday it opened its first restaurant in the Philippines at Bonifacio Global City and that franchisee Bistro Group is planning to open 10 Denny's restaurants over the next 10 years across the country. Top Consumer Shares: WMT: flat Consumer shares were mainly higher ahead of the opening bell on Monday.
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7336dfc2-c8a9-4aa1-a9c4-9bbf7127f32a
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727412.0
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2016-09-27 00:00:00 UTC
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Forget Starbucks (SBUX), Buy These Restaurant Stocks Instead
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DENN
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https://www.nasdaq.com/articles/forget-starbucks-sbux-buy-these-restaurant-stocks-instead-2016-09-27
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nan
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nan
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Starbucks CorporationSBUX has been grappling with weak comps and sales of late, thanks to a traffic slowdown in the flagship U.S. market. Also, the company's sales fell slightly short of expectations in the last three quarters. The company's share price also plunged approximately 10% year to date.
Importantly, comps in the U.S. fell below 5% in the third quarter of 2016, breaking its impressive streak of 25 straight quarters of comparable-store sales growth of 5% or more. Comps were also weak in Europe and Japan. The disruption due to changes in the rewards program and its impact on one of the most popular yearly promotion - Frappuccino Happy Hour - impacted sales in the U.S. Following the weak performance, Starbucks trimmed its full-year sales and comps outlook.
Although Starbucks expects its digital initiatives to fuel stronger sales in the Americas in the next quarter, we are on the lookout for better visibility. Meanwhile, management believes that political uncertainty and he ''profound weakening in consumer confidence'' have hurt overall restaurant traffic trends in the country.
Notably, same-store sales growth has been rather dull in the restaurant space during the first half of 2016, given the difficult sales environment. Despite economic growth, somewhat lower energy prices, and higher income, consumers have increased spending only modestly on dining out, which has resulted in low consumption over the last few months.
The situation has taken a worse turn, thanks to higher health care costs and tightened credit availability in the U.S. Moreover, unfavorable currency, a cooling Chinese economy and a tightening labor market have compounded woes for restaurateurs. Traffic has been weak as well.
Winning Picks
Starbucks might be going through a rough patch for now, but there are other restaurant stocks that are performing reasonably well.
With the help of the Zacks Stock Screener , we have zeroed-in on four stocks in the Retail-Restaurants industry with a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
These stocks have had a good run on the bourse so far and have better prospects than Starbucks. Apart from the favorable Zacks Rank, these stocks have a healthy VGM style score, from our latest style score system . The VGM Style Score is a useful tool that allows investors to gain an insight into a stock's strengths and weaknesses.
Here "V" stands for Value, "G" for Growth and "M" for Momentum and the score is a weighted combination of these three metrics. The Growth Style Score condenses the vital metrics from the company's financial statements to get a true picture of the quality and sustainability of its growth. Our Momentum Style Score is a suggestion of the time to buy a stock to benefit from the rally in its share price.
Our research shows that stocks with VGM Scores of 'A' or 'B' when combined with a Zacks Rank #1 or 2 make solid investment choices.
Denny's Corp . DENN , one of the leading restaurant companies, operate moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. Denny's restaurants are poised to gain from its concepts as well as centralized support system for purchasing, menu development and other initiatives.
The company has returned over 6.6% year to date and has a long-term expected EPS growth of 14.5%. For 2016, the company's sales growth is poised at 3.1% while EPS is expected to grow 20.2%.
The stock sports Zacks Style Scores of "B" in Value, "A" in Growth and "D" in Momentum. It has a VGM score of "A" that is backed by impressive growth and rising estimates.
Papa John's International Inc.PZZA operates & franchises pizza delivery and carry-out restaurants under the Papa John's brand. To gain a leading position among pizza delivery restaurants in each of its targeted markets, the company has developed a strategy to enhance customer satisfaction and retention, as well as establish recognition and acceptance of the brand. In this regard, the company's focus on menu innovation, promotional offers and technology-driven initiatives bode well.
Notably, the stock has rallied over 46.1% year to date and has a long-term expected EPS growth of 15.5%. Moreover, for full-year 2016, sales and EPS are projected to grow a respective 4.6% and 17.4%.
The stock sports Zacks Style Scores of "D" in Value, "A" in Growth and "C" in Momentum. It has a VGM score of "B" that is backed by solid growth and rising estimates.
Headquartered in Syracuse, NY, Carrols Restaurant Group, Inc.TAST operates through its subsidiaries and is one of the largest restaurant companies in the U.S. The company is the largest Burger King franchisee, based on restaurant count.
The stock has returned over 12.9% on a year-to-date basis and has a 3-5 year EPS growth rate of 20%. For 2016, sales growth is pegged at 10.2% while EPS is likely to improve a solid 55.3%.
The stock sports Zacks Style Scores of "A" in Value, "A" in Growth and "B" in Momentum. It has a VGM score of "A" that is also supported by escalating estimates.
Headquartered in Lake Forest, CA, Del Taco Restaurants, Inc.TACO is the second largest Mexican-American QSR chain in terms of units in the U.S., serving more than 3 million guests each week.
Year to date, the stock has climbed nearly 10% and has a 3-5 year EPS growth rate of 16.7%. Further, for 2016, sales are expected to grow a healthy 20%.
The stock sports Zacks Style Scores of "B" in Value, "B" in Growth and "F" in Momentum. It has a VGM score of "B" that is backed by its solid growth trajectory.
Confidential: Zacks' Best Investment Ideas
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STARBUCKS CORP (SBUX): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): 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.
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Denny's Corp . DENN , one of the leading restaurant companies, operate moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. Denny's restaurants are poised to gain from its concepts as well as centralized support system for purchasing, menu development and other initiatives.
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Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corp . DENN , one of the leading restaurant companies, operate moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows.
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Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corp . DENN , one of the leading restaurant companies, operate moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows.
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Denny's Corp . DENN , one of the leading restaurant companies, operate moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. Denny's restaurants are poised to gain from its concepts as well as centralized support system for purchasing, menu development and other initiatives.
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895c2f21-a6b4-4329-82e8-dfd0f9c577fe
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727413.0
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2016-09-27 00:00:00 UTC
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McDonald's: Buy on Strategic Initiatives & Turnaround Plan
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DENN
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https://www.nasdaq.com/articles/mcdonalds%3A-buy-on-strategic-initiatives-turnaround-plan-2016-09-27
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nan
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nan
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On Sep 27, burger giant McDonald's Corp.MCD was upgraded to a Zacks Rank #2 (Buy).
We note that last May, Steve Easterbrook declared a turnaround plan related to restructuring of the company's worldwide operations and certain other financial updates. Since the announcement of this plan, the company has been engaged in a series of buyouts and layoffs in order to streamline operations and increase efficiency.
In fact, the company efforts to trim costs, simplifying menus, offering value meals and rolling out all-day breakfast in the U.S., has aided it in picking itself up in the domestic market.
Backed by these initiatives, in second-quarter 2016, the company succeeded in posting positive comps for the fourth consecutive quarter in U.S., after posting negative comps for two successive years.
MCDONALDS CORP Price and Consensus
MCDONALDS CORP Price and Consensus | MCDONALDS CORP Quote
Moreover, in keeping with its efforts to transform itself in a contemporary burger company, McDonald's has decided to relocate its headquarters to downtown Chicago by the spring of 2018. Notably, the company is currently based in the Chicago suburb of Oak Brook, IL.
At a time when the company is focusing on overhauling its operational structure we believe the shift of headquarters to an urban locale should bode well.
Meanwhile, the company enjoys moderate growth prospects through its exposure in the under-penetrated international markets.
Also, transition to a franchise-based business model should reduce the company's capital requirements and facilitate earnings per share growth and ROE expansion, over the long term. In fact, owing to re-franchising and stringent spending, the company expects to achieve approximately $500 million of net annual savings on SG&A expenses by 2018, a majority of which is likely to be achieved by the end of 2017.
Nonetheless, soft industry growth remains a cause of concern. Moreover, higher labor costs, along with currency headwinds are likely to keep profits under pressure. Further, political and economic turmoil in various parts of the world might limit revenue growth.
Other Stocks to Consider
Other stocks in this sector worth considering include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . All the three stocks carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days. Further, for full-year 2016, EPS is expected to grow a solid 20.2%.
The Zacks Consensus Estimate for Papa John's 2016 earnings climbed 1.7% over the last 60 days. The company's earnings have surpassed the Zacks Consensus Estimate in all of the last four quarters, with an average beat of 7.81%.
Wingstop's earnings have surpassed the Zacks Consensus Estimate in all of the last four quarters, with an average beat of 15.46%. Further, for full-year 2016, EPS is expected to grow 17.6%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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MCDONALDS CORP (MCD): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): 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.
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Other Stocks to Consider Other stocks in this sector worth considering include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days. Click to get this free report MCDONALDS CORP (MCD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report To read this article on Zacks.com click here.
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Other Stocks to Consider Other stocks in this sector worth considering include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . Click to get this free report MCDONALDS CORP (MCD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days.
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Click to get this free report MCDONALDS CORP (MCD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): 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 stocks in this sector worth considering include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days.
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Other Stocks to Consider Other stocks in this sector worth considering include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days. Click to get this free report MCDONALDS CORP (MCD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report To read this article on Zacks.com click here.
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594e3f95-84a4-4f55-9f6b-ea50ccd9a2e0
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727414.0
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2016-09-26 00:00:00 UTC
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BJ's Restaurants Riddled with Challenges: Should You Dump?
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DENN
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https://www.nasdaq.com/articles/bjs-restaurants-riddled-with-challenges%3A-should-you-dump-2016-09-26
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nan
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nan
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On Sep 26, we issued an updated research report on casual dining restaurant chain operator BJ's Restaurants, Inc.BJRI .
The company posted weak second-quarter 2016 results on Jul 26, wherein both earnings and revenues lagged the Zacks Consensus Estimate. Despite menu innovation and efficiencies derived from Project Q, the company's comps declined and were softer than anticipated due to a difficult operating environment.
In fact, the company expects traffic and sales to remain soft in the near term owing to various social and political issues, weakening consumer confidence and increasing global uncertainties.
Nonetheless, over the long term, the company is positive about driving top and bottom-line growth given its prudent expansion plans along with various marketing, operational and technology-driven initiatives.
The company's initiatives like guest loyalty program, catering program and focus on supply chain management have reaped significant benefits. Moreover, the company has been refining and streamlining its menu to make it easier for guests to order and thereby improve traffic. Also, the company is committed toward improving its operating margins through cost containment initiatives.
However, higher cost of sales and labor costs due to higher wages are expected to continue to keep profits under pressure. Also, costs incurred due to the implementation of the Affordable Care Act might dampen profits. Moreover, marketing and pre-opening costs are expected to hurt profits as the company intends to open more restaurants going forward.
Moreover, while several other restaurateurs are capitalizing on the emerging market potential, BJ's Restaurants seems to be slow on this front. Thus, the company needs to spread its presence beyond the U.S. in order to offset the impact of cutthroat competition in the saturated domestic market.
Zacks Rank & Other Stocks to Consider
BJ's Restaurants currently has a Zacks Rank #5 (Strong Sell). Better-ranked stocks in this sector include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . All the three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days. Further, for full-year 2016, EPS is expected to grow a solid 20.2%.
The Zacks Consensus Estimate for Papa John's 2016 earnings climbed 1.7% over the last 60 days. The company's earnings have surpassed the Zacks Consensus Estimate in all of the last four quarters, with an average beat of 7.81%.
Wingstop's earnings have surpassed the Zacks Consensus Estimate in all of the last four quarters, with an average beat of 15.46%. Further, for full-year 2016, EPS is expected to grow 17.6%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): 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.
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Better-ranked stocks in this sector include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days. Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in this sector include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days.
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Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in this sector include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days.
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Better-ranked stocks in this sector include Denny's Corporation DENN , Wingstop Inc. WING and Papa John's International Inc. PZZA . The Zacks Consensus Estimate for Denny's 2016 earnings moved up nearly 2% over the last 60 days. Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report To read this article on Zacks.com click here.
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ccd5210d-f2a7-452c-a179-c24643d88509
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727415.0
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2016-09-21 00:00:00 UTC
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Forget Chipotle, Invest in These Restaurant Stocks Instead
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DENN
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https://www.nasdaq.com/articles/forget-chipotle-invest-in-these-restaurant-stocks-instead-2016-09-21
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nan
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nan
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Chipotle Mexican Grill, Inc.CMG had been an investor favorite with revenues exhibiting an extraordinary CAGR of over 23% til 2014 from the time it went public. The stunning performance was supported by solid comparable restaurant sales (comps) growth.
However, Wall Street's darling fell from grace toward 2015-end, as a slew of E. coli and norovirus contamination incidents derailed its growth story. In fact, despite various food-safety initiatives, Chipotle continues to reel under the negative publicity associated with food-borne illnesses which has impacted its share price by nearly 17% year to date.
Over the past 60 days, the Zacks Consensus Estimate has decreased 11.5% for 2016 earnings, adding to the company's woes. Moreover, for 2016, sales and earnings are projected to decline nearly 10% and 75%, respectively, raising questions over this Zacks Rank #4 (Sell) company's prospects.
What's Hurting Chipotle?
Chipotle's performance has been largely dented by the food-safety issues. As a safety measure, the fast casual chain was forced to close several outlets. Although these were reopened later with fresh ingredients and extensive cleaning and sanitizing activities, the incidents dealt a severe blow to Chipotle's sales.
The fact that Chipotle uses only healthy ingredients has long been its marketing strength and has been attracting customers despite its comparatively high prices. Thus, given the negative publicity related to food-borne illnesses, Chipotle's popularity among health-conscious diners is declining. The company thus expects both earnings and revenues to remain under pressure in the near term.
At its fourth-quarter 2015 conference call, Chipotle stated that it is not possible for the company to provide any meaningful comps outlook for 2016 in the wake of the prevailing volatile sales trends. The company added that future sales prediction is difficult as it awaits further developments and other announcements from health authorities.
Meanwhile, other restaurants have been working on providing customers with healthier food and innovative menu options in the fast casual restaurant space, intensifying competition for Chipotle. In fact, owing to food-safety issues and increased competition, in Jun 2016, Chipotle lost the tag of the most popular Mexican restaurant, per an annual survey from Harris Poll, which is likely to further hurt traffic.
Moreover, a recent CNNMoney report revealed that nearly 10,000 of Chipotle's workers have joined a class-action lawsuit against the company for wage theft, thereby compounding its woes.
Going forward, Chipotle expects combined marketing and promo expenses to remain at elevated levels as the company plans to continue to connect with its customers to reclaim their trust and loyalty and bring them back to its stores. Thus, the costs associated with these and the expenses to support the company's newly designed food safety program will continue to impact profitability.
Also, implementation of food safety practices has increased the amount of labor required to prepare and serve food, resulting in higher labor costs which may continue to keep profits under pressure.
5 Alternate Picks
Chipotle might be going through a rough patch but there are other restaurant stocks that are performing well at the moment.
With the help of the Zacks Stock Screener , we have zeroed-in on five stocks in the Retail-Restaurants industry with a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Below are five stocks that have had a good run on the bourse so far and have better prospects than Chipotle. So let's dig in!
Headquartered in Louisville, KY, Papa John's International Inc.PZZA operates & franchises pizza delivery and carry-out restaurants under the Papa John's brand. To gain a leading position among pizza delivery restaurants in each of its targeted markets, the company has developed a strategy to enhance customer satisfaction and retention, as well as establish recognition and acceptance of the brand. In this regard, the company's focus on menu innovation, promotional offers and technology-driven initiatives bode well.
Notably, the stock has rallied over 39% year to date and upward estimate revisions for 2016 and 2017 earnings, over the past 60 days, add to the optimism. Moreover, for full-year 2016, sales and EPS are projected to grow a respective 4.6% and 17.4%.
Headquartered in Dallas, TX, Wingstop Inc.WING , together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. Solid unit development, investments in technology along with migrating to a national advertising platform, should continue to drive growth at Wingstop.
Interestingly, the stock surged nearly 29% on a year-to-date basis. Moreover, over the past 60 days, the company has been seeing an upward trend in earnings estimate revision for 2016 and 2017 earnings. Further, for full-year 2016, sales growth is pegged at 17.2% while EPS is expected to grow a solid 17.6%.
Headquartered in Syracuse, NY, Carrols Restaurant Group, Inc.TAST operates through its subsidiaries and is one of the largest restaurant companies in the U.S. The company is the largest Burger King franchisee, based on restaurant count. The company's astounding earnings growth, significant improvement in the top line and operating margin along with innovative product introductions hold well for long-term growth.
The stock has returned over 8% on a year-to-date basis and has been seeing an upward trend in earnings estimate revision for 2016 and 2017, over the past 60 days. Additionally, for full-year 2016, sales growth is pegged at 10.2% while EPS is likely to improve a solid 55.3%.
Headquartered in Spartanburg, SC, Denny's Corp.DENN is one of the largest restaurant companies, operating moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. The company restaurants are poised to benefit from the diversity of the restaurant concepts, the benefits of a centralized support system for purchasing, menu development and other initiatives.
The company has returned over 6% year to date. Also, upward estimate revisions for 2016 and 2017 earnings, over the past 60 days, reinstate hope on the stock's prospects. Further, for full-year 2016, sales growth is poised at 3.1% while EPS is expected to grow 20.2%.
Headquartered in Lake Forest, CA, Del Taco Restaurants, Inc.TACO is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. The company's increased focus on enhancing menu offerings along with driving guest experience raise optimism.
Notably, year to date, the stock has returned nearly 5%. Further, for full-year 2016, sales are expected to grow a healthy 20%.
Bottom Line
At this juncture, it does seem like dumping Chipotle might be a prudent move. Meanwhile, though the restaurant industry has its share of pitfalls in the form of sluggish comps growth and traffic trends along with rising labor costs, effective sales initiatives undertaken by the companies should keep it going. We expect the industry to sustain the momentum going ahead, and thus investors should not shy away from investing in this space.
Confidential: Zacks' Best Investment Ideas
Would you like to see a hand-picked ""all-star"" selection of investment ideas from the man who heads up Zacks' trading and investing services? Steve Reitmeister knows when key trades are about to be triggered and which of our experts has the hottest hand. Click for his selected trades 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 MEXICN (CMG): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
WINGSTOP INC (WING): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): 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.
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Headquartered in Spartanburg, SC, Denny's Corp.DENN is one of the largest restaurant companies, operating moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. Click to get this free report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, owing to food-safety issues and increased competition, in Jun 2016, Chipotle lost the tag of the most popular Mexican restaurant, per an annual survey from Harris Poll, which is likely to further hurt traffic.
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Click to get this free report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Headquartered in Spartanburg, SC, Denny's Corp.DENN is one of the largest restaurant companies, operating moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. The stunning performance was supported by solid comparable restaurant sales (comps) growth.
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Click to get this free report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Headquartered in Spartanburg, SC, Denny's Corp.DENN is one of the largest restaurant companies, operating moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. Meanwhile, other restaurants have been working on providing customers with healthier food and innovative menu options in the fast casual restaurant space, intensifying competition for Chipotle.
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Headquartered in Spartanburg, SC, Denny's Corp.DENN is one of the largest restaurant companies, operating moderately-priced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. Click to get this free report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. The stunning performance was supported by solid comparable restaurant sales (comps) growth.
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0e91d7ba-9f75-4b18-8ecf-fd59fa6e1875
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727416.0
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2016-09-16 00:00:00 UTC
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Domino's Pizza Hits 52-Week High: What's Driving the Stock?
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DENN
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https://www.nasdaq.com/articles/dominos-pizza-hits-52-week-high%3A-whats-driving-the-stock-2016-09-16
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nan
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nan
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Shares of Domino's Pizza, Inc.DPZ , the world leader in pizza delivery, hit a 52-week high of $152.07 during the trading session on Sep 15. The company ended the day's trading marginally lower at $151.79. Notably, year to date, the stock has returned over 36%.
Domino's revenues have surpassed the Zacks Consensus Estimate in six of the last seven quarters. The second quarter of 2016 (ended Jun 30), marked the 21st consecutive quarter of positive same-store-sales domestically and the 90th quarter of positive comps growth internationally. The company expects the solid comps growth trend to continue, going forward.
Domino's investment in technology-driven initiatives is one of the key sales boosting features of the company. On Sep 15, the company launched an addition to its existing world-class digital ordering platform - placing order via Facebook Messenger, using bot technology.
Digital leadership is aiding the company in expanding its brand in the domestic and overseas markets. Nearly 50% of the company's sales come through digital channels.
DOMINOS PIZZA Price and Consensus
DOMINOS PIZZA Price and Consensus | DOMINOS PIZZA Quote
Domino's is also focused on large-scale international expansion. The company opened 215 stores internationally in the second quarter of 2016 and now operates nearly 7700 stores outside the U.S. The opening of its Washington outlet on Aug 9, marked its 13,000th store globally.
The international franchisees continue to add robust returns to Domino's results. Reducing ownership of restaurants and focusing on re-franchising minimizes the company's capital requirements and facilitates earnings per share growth along with ROE expansion. As a result, the company has increased its dividend by 25%, 24% and 23% in 2014, 2015 and 2016, respectively, after initiating regular dividends in 2013.
However, Domino's large international presence makes it vulnerable to currency risks. Higher cost requirements and a prevailing soft consumer spending environment for the restaurant sector in the U.S. also pose risks to margins.
Zacks Rank & Other Stocks to Consider
Domino's Pizza currently has a Zacks Rank #3 (Hold). Some better-ranked companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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DOMINOS PIZZA (DPZ): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
WINGSTOP INC (WING): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): 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.
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Some better-ranked companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , each carrying a Zacks Rank #2 (Buy). Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Reducing ownership of restaurants and focusing on re-franchising minimizes the company's capital requirements and facilitates earnings per share growth along with ROE expansion.
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Some better-ranked companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , each carrying a Zacks Rank #2 (Buy). Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. DOMINOS PIZZA Price and Consensus DOMINOS PIZZA Price and Consensus | DOMINOS PIZZA Quote Domino's is also focused on large-scale international expansion.
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Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , each carrying a Zacks Rank #2 (Buy). DOMINOS PIZZA Price and Consensus DOMINOS PIZZA Price and Consensus | DOMINOS PIZZA Quote Domino's is also focused on large-scale international expansion.
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Some better-ranked companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , each carrying a Zacks Rank #2 (Buy). Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Nearly 50% of the company's sales come through digital channels.
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727417.0
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2016-09-15 00:00:00 UTC
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Papa John's (PZZA) Hits a 52-Week High: Right Time to Buy?
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DENN
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https://www.nasdaq.com/articles/papa-johns-pzza-hits-a-52-week-high%3A-right-time-to-buy-2016-09-15
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nan
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nan
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Shares of the world's third largest pizza delivery company, Papa John's International, Inc.PZZA hit a 52-week high of $78.10 on Sep 14. However, the company ended the day's trading a trifle lower at $77.77. Notably, year to date, the stock has returned over 39%.
Papa John's reported upbeat second-quarter 2016 results on Aug 2, wherein both earnings and revenues beat the Zacks Consensus Estimate. Notably, the company has been posting positive comps both in the domestic as well as international markets over the past several quarters. Going forward, the company is expected to maintain comps growth on the back of its focus on menu innovation and value offers.
Also, the pizza delivery chain raised its earnings guidance for 2016 and now expects earnings in the range of $2.35 to $2.45 per share, up from $2.30 to $2.40 expected previously. Meanwhile, North America system-wide comps are projected to rise 3% to 5%, up from 2% to 4% previously.
Moreover, on Aug 19, Papa John's paid a quarterly cash dividend of 20 cents per share, a 14% increase over the previous payout of 17.5 cents, to stockholders of record as on Aug 8. We believe that the dividend hike reflects the company's strong cash position and solid balance sheet and should bolster investor confidence and thereby improve its market position.
Price and Consensus
Price and Consensus | Quote
Notably, large scale international expansion has been the backbone of Papa John's operations of late. Currently, the company has more than 1500 international restaurants, with over 350 restaurants across 16 Latin American countries.
Recently, the company revealed plans to expand further in Mexico and has inked a restaurant development agreement with Orquest Foods, whereby it plans to build 60 restaurants during the next eight years.
Before signing the deal in Mexico, the company inked restaurant development agreements in Russia, Spain, the Netherlands and also debuted in Israel, all in the first half of 2016. The company intends to launch its 5000th restaurant globally by the end of 2016.
Meanwhile, Papa John's efforts to remove artificial flavors and synthetic colors from the entire menu are commendable and should appeal to health conscious customers. Further, the company's heavy investments in technology-driven initiatives like digital ordering and development of applications continue to boost revenues.
Also, re-franchising a large chunk of its system will reduce the company's capital requirements and facilitate earnings and ROE expansion.
However, Papa John's has considerable international presence and is therefore highly vulnerable to fluctuations in exchange rates. Further, higher costs and a soft consumer spending environment in the U.S. restaurant space raise concerns.
Zacks Rank & Other Stocks to Consider
Papa John's currently holds a Zacks Rank #2 (Buy). Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying the same Zacks Rank as Papa John's. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them 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
DENNY'S CORP (DENN): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): Free Stock Analysis Report
WINGSTOP INC (WING): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): 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.
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Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying the same Zacks Rank as Papa John's. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Papa John's reported upbeat second-quarter 2016 results on Aug 2, wherein both earnings and revenues beat the Zacks Consensus Estimate.
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Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying the same Zacks Rank as Papa John's. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying the same Zacks Rank as Papa John's. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank & Other Stocks to Consider Papa John's currently holds a Zacks Rank #2 (Buy).
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Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying the same Zacks Rank as Papa John's. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Papa John's reported upbeat second-quarter 2016 results on Aug 2, wherein both earnings and revenues beat the Zacks Consensus Estimate.
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2532fe3e-20cc-4690-9563-5b0c461e5abf
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727418.0
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2016-09-09 00:00:00 UTC
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Papa John's (PZZA) Reveals Huge Expansion Plans In Mexico
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DENN
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https://www.nasdaq.com/articles/papa-johns-pzza-reveals-huge-expansion-plans-in-mexico-2016-09-09
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nan
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nan
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World's third largest pizza delivery company, Papa John's International, Inc.PZZA is geared up to expand further into Mexico. The company has inked a restaurant development agreement with Orquest Foods, whereby it plans to build 60 restaurants during the course of the next eight years.
Price
Price | Quote
Orquest Foods is owned by the Clariond Lozano family, and has been in the food business for the past 10 years. In addition to the 60 stores, Orquest Foods has also recently purchased 26 Papa John's locations in Mexico City area to develop the Papa John's brand in various states across the country.
Large scale international expansion has been the backbone of Papa John's operations recently. Currently, the company has more than 1500 international restaurants, with over 350 restaurants in 16 Latin American countries. It is also planning to expand in Brazil, Honduras, Uruguay and the Bahamas.
Before signing the deal in Mexico, the company inked restaurant development agreements in Russia, Spain, the Netherlands and also debuted in Israel, all in the first half of 2016. The plan is to open their 5000th restaurant globally by the end of 2016.
The company posted a solid second-quarter 2016 results with both top and bottom line surpassing the Zacks Consensus Estimate. It also recorded positive comps for the 23rd consecutive quarter. On the back of these results and the company's focus on menu innovation, international expansion and technological upgrades, Papa John's currently holds a Zacks Rank #2 (Buy).
Other Stocks to Consider
Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them 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
DENNY'S CORP (DENN): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): Free Stock Analysis Report
WINGSTOP INC (WING): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): 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.
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Other Stocks to Consider Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying a Zacks Rank #2. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Before signing the deal in Mexico, the company inked restaurant development agreements in Russia, Spain, the Netherlands and also debuted in Israel, all in the first half of 2016.
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Other Stocks to Consider Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying a Zacks Rank #2. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): 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.
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Other Stocks to Consider Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying a Zacks Rank #2. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. The company has inked a restaurant development agreement with Orquest Foods, whereby it plans to build 60 restaurants during the course of the next eight years.
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Other Stocks to Consider Other well-performing companies in this sector include Del Taco Restaurant, Inc. TACO , Denny's Corporation DENN and Wingstop, Inc. WING , all carrying a Zacks Rank #2. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report WINGSTOP INC (WING): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. World's third largest pizza delivery company, Papa John's International, Inc.PZZA is geared up to expand further into Mexico.
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208f5c42-66ef-4779-8d27-c97b6e841a32
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727419.0
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2016-09-02 00:00:00 UTC
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America's Car-Mart, Blooming Brands, Del Taco and Denny's highlighted as Zacks Bull and Bear of the Day
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DENN
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https://www.nasdaq.com/articles/americas-car-mart-blooming-brands-del-taco-and-dennys-highlighted-as-zacks-bull-and-bear
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nan
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nan
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For Immediate Release
Chicago, IL - September 02, 2016 - Zacks Equity Research highlights America's Car-Mart ( CRMT ) as the Bull of the Day and Blooming Brands ( BLMN ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Del Taco ( TACO ) and Denny's ( DENN ) .
Here is a synopsis of all the four stocks:
Bull of the Day:
Here are a whole lot of people out there worried about "peak auto." That's basically the point at which the auto buying stops and manufacturers are left holding the bag. Today's Bull of the Day , while in the automobile business, doesn't have to worry about a glut of new cars. They are in the used car business and business is booming.
America's Car-Mart ( CRMT ) is a Zacks Rank #1 (Strong Buy) with Value and Momentum Style Scores of A to go along with a Growth Score of B. America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2016, the company operated 143 dealerships in the South-Central United States. America's Car-Mart, Inc. was founded in 1981 and is headquartered in Bentonville, Arkansas. They are mostly "Buy here, pay here" lots. That means they finance most of the cars they sell. So these are typically buyers on the lower end of the credit scale. For me, it implies that they may be more insulated to credit crunches than other dealerships that depend on outside liquidity to finance purchases.
The company is coming off a big earnings beat with EPS coming in at 87 cents versus expectations calling for 51 cents. This big beat was enough to convince analysts to revise their estimates for the current quarter, next quarter, current year and next year. The bullish sentiment is most evident in the current year revisions. Analysts have revised to the upside, pushing up our current year Zacks Consensus Estimate from $2.07 to $2.81.
Shares of CRMT were stuck in purgatory for the first six months of the year, bouncing between $20 and $27. Things heated up in July as shares broke through resistance at $27. From there it's been virtually straight up, with shares popping up to a fresh 52-week high today. This still pales in comparison to the 2015 highs in the mid-$50s.
Zacks' best stocks under $10
As a Zacks Rank #1 Strong Buy, today's Bull of the Day has a short-term 1 to 3-month profit zone. But the Zacks Rank system also leads to longer-term investments. Starting today, you can look inside our lowest-priced stocks with 2X and 3X profit potential plus other private portfolios. Simply click here >>
Bear of the Day :
The restaurant industry has been doing fantastic this year. You can attribute a good chunk of it to a solid US economy but also a structural shift in the way that people spend money. There have been many studies which show millennials are much more likely to spend on experiences like vacations and dining out than previous generations. It's all about making memories versus buying things.
Don't just go out there and blindly buy into restaurant stocks though. You have to make sure that the stock you're looking at hasn't had recent earnings estimates revisions to the downside. That's exactly the case we have here with today's Bear of the Day , Zacks Rank #5 (Strong Sell) Blooming Brands ( BLMN ) .
Bloomin' Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar and Roy's. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin' Brands, Inc. is based in Tampa, Florida.
Despite a recent earnings beat, seven analysts have revised their earnings estimates to the downside for the current quarter while eight have followed suit for the current year. While the result isn't a dramatic downside move for our Zacks Consensus Estimate, in a market where restaurants have all been doing well, it makes a statement. Our Zacks Consensus for the current year has dropped from $1.39 to $1.35 for the current year.
Shares of Bloomin Brands have shaken off the bearish sentiment but are currently butting up against resistance near $20. This area has provided enough resistance for reversals several times from late April to now. The bottom end of the summer trading range near $17 should provide some support for the price should BLMN experience some selling pressure.
Investors looking for other restaurant stocks with positive earnings estimate revisions should check out Zacks Rank #2 (Buy) stocks Del Taco ( TACO ) and Denny's ( DENN ) .
More Stocks to Sell. Now.
Beyond our Bear Stock of the Day, today's list of 220 Zacks Rank #5 Strong Sells demand even more urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. Many appear to be sound investments but, since 1988, such stocks have actually performed more than 11X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.
Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
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 analyst 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.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Click here to subscribe to this free newsletter today .
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Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros .
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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.
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AMERICAS CAR-MT (CRMT): Free Stock Analysis Report
BLOOMIN BRANDS (BLMN): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): Free Stock Analysis Report
DENNY'S CORP (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.
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In addition, Zacks Equity Research provides analysis on Del Taco ( TACO ) and Denny's ( DENN ) . Investors looking for other restaurant stocks with positive earnings estimate revisions should check out Zacks Rank #2 (Buy) stocks Del Taco ( TACO ) and Denny's ( DENN ) . Click to get this free report AMERICAS CAR-MT (CRMT): Free Stock Analysis Report BLOOMIN BRANDS (BLMN): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors looking for other restaurant stocks with positive earnings estimate revisions should check out Zacks Rank #2 (Buy) stocks Del Taco ( TACO ) and Denny's ( DENN ) . Click to get this free report AMERICAS CAR-MT (CRMT): Free Stock Analysis Report BLOOMIN BRANDS (BLMN): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Del Taco ( TACO ) and Denny's ( DENN ) .
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Click to get this free report AMERICAS CAR-MT (CRMT): Free Stock Analysis Report BLOOMIN BRANDS (BLMN): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Del Taco ( TACO ) and Denny's ( DENN ) . Investors looking for other restaurant stocks with positive earnings estimate revisions should check out Zacks Rank #2 (Buy) stocks Del Taco ( TACO ) and Denny's ( DENN ) .
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In addition, Zacks Equity Research provides analysis on Del Taco ( TACO ) and Denny's ( DENN ) . Investors looking for other restaurant stocks with positive earnings estimate revisions should check out Zacks Rank #2 (Buy) stocks Del Taco ( TACO ) and Denny's ( DENN ) . Click to get this free report AMERICAS CAR-MT (CRMT): Free Stock Analysis Report BLOOMIN BRANDS (BLMN): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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11e8190c-42d3-4e2d-86ff-9e1db8ba3b97
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727420.0
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2016-08-24 00:00:00 UTC
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Bear of the Day: Fogo de Chao (FOGO)
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DENN
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https://www.nasdaq.com/articles/bear-day-fogo-de-chao-fogo-2016-08-24
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nan
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nan
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Fogo de Chao (FOGO) owns and operates full-service Brazilian steakhouses in the United States and Brazil. It operates 31 restaurants in the United States, 10 restaurants in Brazil, and 1 joint venture restaurant in Mexico. The stock is the Bear of the Day after being downgraded to a Zacks Rank #5 (Strong Sell) and after poor earnings results last week.
Fogo has a market cap of $350 Million and a Forward PE of 14.74 The stock sports pretty good Zacks Style Scores, with an "B" in Value "B" in Growth, but a "D" in Momentum. However, a miss on EPS and a guidance cut to fiscal year 2016 has the stock trending lower.
Q2 results
The company reported Q2 EPS on August 9th th , with the numbers coming in at $0.22 versus the $0.25 expected. Revenue came in lower than expected at $69.6 Million against the $73.3 Million expected. The company also cut their fiscal year 2016 outlook to $0.85-0.89 verse the $0.94 expected. In addition, revenue and same store sales were guided lower.
CEO Lawrence Johnson had some comments on the quarter: "In today's softening sales environment, guests are placing greater emphasis on value, customization, variety and speed of service and we believe that our strategies are designed to deliver on these needs . "
Investors weren't buying the comment that strategies are delivering and have sold the stock down 10% since the report. Analysts aren't buying the story either and have been cutting estimates.
Estimate Revisions
Over the last 30 days, estimates have been revised lower for all time frames. For fiscal year 2016, the numbers have been taken down 8%, from $0.94 to $0.86. For 2017, estimates are now seen at $0.97, down from $1.11 or 13%.
A Better Option
Denny Corp (DENN) is a Zacks Rank #2 (Buy) that operates Denny's, Hardee's, Quincy's and other moderately priced restaurants. The company was founded in 1953, has 8,500 employees and is headquartered in Spartanburg, South Carolina.
Denny's has a market cap of $800 Million and a Forward PE of 21. The stock sports Zacks Style Scores of "B" in Value, "A" in Growth, and "C" in Momentum.
On August 3 rd the company raised adjusted EBITDA for the year, despite the challenging full-service dining environment. Estimates for the company in 2016 have been pretty steady, but are ticking 1.7% higher for fiscal year 2017.
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FOGO DE CHAO (FOGO): Free Stock Analysis Report
DENNY'S CORP (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.
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A Better Option Denny Corp (DENN) is a Zacks Rank #2 (Buy) that operates Denny's, Hardee's, Quincy's and other moderately priced restaurants. Denny's has a market cap of $800 Million and a Forward PE of 21. Click to get this free report FOGO DE CHAO (FOGO): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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A Better Option Denny Corp (DENN) is a Zacks Rank #2 (Buy) that operates Denny's, Hardee's, Quincy's and other moderately priced restaurants. Click to get this free report FOGO DE CHAO (FOGO): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's has a market cap of $800 Million and a Forward PE of 21.
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Click to get this free report FOGO DE CHAO (FOGO): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. A Better Option Denny Corp (DENN) is a Zacks Rank #2 (Buy) that operates Denny's, Hardee's, Quincy's and other moderately priced restaurants. Denny's has a market cap of $800 Million and a Forward PE of 21.
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A Better Option Denny Corp (DENN) is a Zacks Rank #2 (Buy) that operates Denny's, Hardee's, Quincy's and other moderately priced restaurants. Denny's has a market cap of $800 Million and a Forward PE of 21. Click to get this free report FOGO DE CHAO (FOGO): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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97ede6f4-96d9-468c-a296-2936855b59c1
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727421.0
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2016-08-23 00:00:00 UTC
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KFC Sunscreen Thinks Outside the Fill-Up Box
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DENN
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https://www.nasdaq.com/articles/kfc-sunscreen-thinks-outside-fill-box-2016-08-23
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nan
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nan
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Hey everybody Dave Bartosiak with Trending Stocks at Zacks.com . You gotta love the creative marketing team over at Yum Brands ( YUM ) .
KFC gave out 3,000 tubes of fried-chicken scented sunscreen yesterday. The gimmick is a piggy back off their latest TV ad campaign featuring extra crispy, always tan George Hamilton. Let me tell you gents, there's nothing that gets the ladies going quite like the smell of fried chicken. Those chubby chasers will be hunting you down in no time. I'm happy because now I don't have to keep little bits of fried batter in my chest hair anymore. If it doesn't land you a lucky lady well, you can always go through the drive thru to get your greasy little hands on a breast and thigh combo.
Restaurant stocks underperformed the broader market in July. If you take out McDonald's ( MCD ) , the group added 2.5% versus 3.5% for the rest of the market. Q2 was the weakest quarter for the industry since Q1 of 2010, with same store sales nearly flat. It's no wonder companies like Yum Brands are out here trying to be creative with their marketing as flat sales and increased labor costs have weighed on the industry.
I've got some ideas for other fast food brands looking for creative marketing campaigns. How about, Taco Bell refried bean toothpaste? They already squeeze it out of a tube. May as well put it to work. Obviously it didn't do its job the first time we fried the bean. Maybe we can use it for something else. McDonald's special sauce moisturizing facial cream. Your skin will be glowing. Ever seen an ashy Big Mac? Me neither. Blooming onion extra strength body powder. It's a secret recipe from the land down under, for the land down under. Then there's my personal favorite, Chipotle ( CMG ) Burrito bowl automatic toilet bowl cleaner. Kills 99.9% of bacteria, provides continuing cleaning and deodorizing action, keeps toilet bowls shiny and the water a sparkling barbacoa brown.
The restaurant industry is in the Bottom 19% of the 265 stocks we rank with our Zacks Industry Rank. Yum Brands is currently a Zacks Rank #3 (Hold). If you're looking for a stock to buy in the business, check out Zacks Rank #2 (Buy) stocks Denny's ( DENN ) or Papa John's ( PZZA ) . Papa John's is coming off their 3 rd earnings beat in a row with EPS coming in at 61 cents versus analyst estimates calling for 54 cents per share.
Every time you share this video, somebody uses SPF 4 and gets roasted on a Florida beach. Chime in the comments section below to tell me how much you love these videos. Subscribe to the YouTube channel, Twitter @bartosiastics, and come back here to check out all the Trending Stocks with Zacks.com , I'm Dave Bartosiak.
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
CHIPOTLE MEXICN (CMG): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): 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.
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If you're looking for a stock to buy in the business, check out Zacks Rank #2 (Buy) stocks Denny's ( DENN ) or Papa John's ( PZZA ) . BRANDS INC (YUM): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report To read this article on Zacks.com click here. The gimmick is a piggy back off their latest TV ad campaign featuring extra crispy, always tan George Hamilton.
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If you're looking for a stock to buy in the business, check out Zacks Rank #2 (Buy) stocks Denny's ( DENN ) or Papa John's ( PZZA ) . BRANDS INC (YUM): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): 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.
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If you're looking for a stock to buy in the business, check out Zacks Rank #2 (Buy) stocks Denny's ( DENN ) or Papa John's ( PZZA ) . BRANDS INC (YUM): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report To read this article on Zacks.com click here. The restaurant industry is in the Bottom 19% of the 265 stocks we rank with our Zacks Industry Rank.
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If you're looking for a stock to buy in the business, check out Zacks Rank #2 (Buy) stocks Denny's ( DENN ) or Papa John's ( PZZA ) . BRANDS INC (YUM): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report To read this article on Zacks.com click here. Obviously it didn't do its job the first time we fried the bean.
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3733a1cd-7278-477e-82b7-b7547948b350
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727422.0
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2016-08-12 00:00:00 UTC
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Brinker (EAT) Beats Q4 Earnings, Sales Estimates; Stock Up
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DENN
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https://www.nasdaq.com/articles/brinker-eat-beats-q4-earnings-sales-estimates-stock-up-2016-08-12
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nan
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nan
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Brinker International, Inc.EAT posted better-than-expected fiscal fourth-quarter 2016 results with both earnings and revenues beating the Zacks Consensus Estimate.
Share price of this Texas-based casual-dining restaurant was up over 12% on Thursday in response.
Earnings and Revenue Discussion
Adjusted earnings of $1.24 per share beat the Zacks Consensus Estimate of $1.23 by a penny. Further, earnings increased 31.9% year over year, benefitting from improved revenues and lower share count. However, margins remained weak in the quarter.
Brinker International Inc. (EAT) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
Quarterly revenues rose 15.4% year over year to $881.7 million supported by the increased restaurant capacity as a result of the Pepper Dining acquisition on Jun 25, 2015 and an extra week of sales, which were partially offset by lower comps.
Company sales rose 15.8% and franchise and other revenues also rose 2.1%. Revenues beat the Zacks Consensus Estimate of $875 million by 0.76%.
Comps declined 1.8% in the quarter. However, as expected, comps improved sequentially from a 3.6% decline in the prior quarter.
Behind the Headline Numbers
Brinker International primarily engages in the ownership, operation, development and franchising of various restaurant brands under the names Chili's Grill & Bar (Chili's) and Maggiano's Little Italy (Maggiano's).
Chili's
Chili's reported revenues of $747.3 million, up 17.1% year over year. This was primarily due to an increase in restaurant capacity, improved comps as well as an additional operating week.
Chili's company-owned comps fell 1.8% due to a 4.1% decline in traffic. Comps compared favorably with the prior-quarter decline of 3.6%. We note that comps had decreased 0.8% in the year-ago comparable period.
Comps at Chili's franchised restaurants went down 3.4% as against 1.9% growth in the year-ago quarter and 1.7% decline in the last quarter. Notably, increased competitive activity in the QSR category continued to affect sales and traffic trends in the quarter.
Chili's restaurants are comparatively heavily concentrated in Texas and Louisiana, where declining oil prices have led to macroeconomic slowdown, which hurt traffic trends in those key markets. Restaurants in markets with significant exposure to the energy industry, which constitute about 17% of its system, witnessed 4.5% decline. However, it improved approximately 310 basis points (bps) from the third-quarter.
While comps declined 5.5% in international franchised Chilli's restaurants, it fell 2.1% in the domestic franchised units. Domestic comps grew 2.1% and International comps grew 1.2% in the year-ago quarter.
Domestic comps (including company-owned and franchised) at Chili's declined 1.8%, as against the prior quarter improvement of 0.1%. We note that comps were down 3.6% in the prior year quarter.
Maggiano's
Maggiano's sales increased 7.9% to $108.1 million. However, comps were down 1.7%, comparing unfavorably with a decline of 0.1% a year ago. We note that, comps had increased 0.2% in the prior quarter. The decline in the quarterly comps was due to the timing of marketing spending and seasonal softness in the banquet business.
Expenses and Margins
Total costs and expenses increased 15.8% to $782.3 million, mainly due to higher restaurant expenses and restaurant labor costs.
Cost of sales ratio declined 10 bps year over year due to unfavorable mix partially offset by favorable menu and commodity pricing.
Restaurant labor, as a percentage of revenues, was down 110 bps in the quarter due to higher wages and deleverage.
Restaurant operating margin, as a percent of company sales, decreased 20 bps to 18.3%, reflecting unfavorable mix impact of the lower margin Pepper Dining acquisition. Excluding Pepper Dining, restaurant operating margin was up 20 bps, reflecting the impact of the 53rd week of sales.
BRINKER INTL Price, Consensus and EPS Surprise
BRINKER INTL Price, Consensus and EPS Surprise | BRINKER INTL Quote
2016 Results
In fiscal 2016, Brinker's earnings increased 14.9% year over year to $3.55, meeting the lower end of the guidance.
Revenues were $3.26 billion, up 8.5% year over year but lower than the company's expected revenue growth of 10%-12% year over year.
Fiscal 2017 Guidance
For fiscal 2017, Brinker maintained its previously issued (Jun 2016) earnings per share guidance in a range of $3.40 to $3.5.
The company expects revenues to be in the range of down approximately 1.5% to up 1%.
Further, the company expects restaurant operating margin to be down approximately 50 bps year over year.
It expects average shares outstanding to range between 50 million to 53 million in fiscal 2017. It raised the lower end of its previous comps guidance to 1.5%-2% from 0.5%-2%.
Zacks Rank & Stocks to Consider
Brinker currently has a Zacks Rank #4 (Sell). Better-ranked stocks in the same industry are Arcos Dorados Holdings Inc. ARCO , Del Taco Holdings, Inc. TACO and Denny's Corp. DENN . All these stocks carry a Zacks Rank #2 (Buy).
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 >>
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DENNY'S CORP (DENN): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
ARCOS DORADOS-A (ARCO): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): 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.
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Better-ranked stocks in the same industry are Arcos Dorados Holdings Inc. ARCO , Del Taco Holdings, Inc. TACO and Denny's Corp. DENN . Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report ARCOS DORADOS-A (ARCO): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Brinker International, Inc.EAT posted better-than-expected fiscal fourth-quarter 2016 results with both earnings and revenues beating the Zacks Consensus Estimate.
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report ARCOS DORADOS-A (ARCO): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry are Arcos Dorados Holdings Inc. ARCO , Del Taco Holdings, Inc. TACO and Denny's Corp. DENN . Brinker International Inc. (EAT) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Quarterly revenues rose 15.4% year over year to $881.7 million supported by the increased restaurant capacity as a result of the Pepper Dining acquisition on Jun 25, 2015 and an extra week of sales, which were partially offset by lower comps.
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report ARCOS DORADOS-A (ARCO): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry are Arcos Dorados Holdings Inc. ARCO , Del Taco Holdings, Inc. TACO and Denny's Corp. DENN . Brinker International Inc. (EAT) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Quarterly revenues rose 15.4% year over year to $881.7 million supported by the increased restaurant capacity as a result of the Pepper Dining acquisition on Jun 25, 2015 and an extra week of sales, which were partially offset by lower comps.
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Better-ranked stocks in the same industry are Arcos Dorados Holdings Inc. ARCO , Del Taco Holdings, Inc. TACO and Denny's Corp. DENN . Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report ARCOS DORADOS-A (ARCO): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Chili's Chili's reported revenues of $747.3 million, up 17.1% year over year.
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ffd428f7-36d3-4de1-953c-5153e10d4413
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727423.0
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2016-08-11 00:00:00 UTC
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Wendy's (WEN) Tops Q2 Earnings; Stock Declines as Comps Fall
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DENN
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https://www.nasdaq.com/articles/wendys-wen-tops-q2-earnings-stock-declines-as-comps-fall-2016-08-11
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nan
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nan
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The Wendy's CompanyWEN posted better-than-expected second-quarter 2016 results with earnings as well as revenues beating the Zacks Consensus Estimate.
Backed by the positive outcome in the second-quarter results, the company raised its guidance for profit and EPS.
However, share price of this restaurant operator decreased almost 3% in yesterday's trading session as it reported weak second-quarter comps and also lowered its comps guidance for the year.
Earnings and Revenue Discussion
Adjusted earnings came in at 10 cents, beating the Zacks Consensus Estimate of 9 cents by 11.11%. Also, earnings increased 25% year over year backed by higher margins and lower share count due to share buybacks in the quarter.
Total revenue of $382.7 million beat the consensus mark of $367.4 million by 4.28%. However, it declined 21.8% year over year. The
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The Wendy's CompanyWEN posted better-than-expected second-quarter 2016 results with earnings as well as revenues beating the Zacks Consensus Estimate. Backed by the positive outcome in the second-quarter results, the company raised its guidance for profit and EPS. However, share price of this restaurant operator decreased almost 3% in yesterday's trading session as it reported weak second-quarter comps and also lowered its comps guidance for the year.
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The Wendy's CompanyWEN posted better-than-expected second-quarter 2016 results with earnings as well as revenues beating the Zacks Consensus Estimate. However, share price of this restaurant operator decreased almost 3% in yesterday's trading session as it reported weak second-quarter comps and also lowered its comps guidance for the year. Earnings and Revenue Discussion Adjusted earnings came in at 10 cents, beating the Zacks Consensus Estimate of 9 cents by 11.11%.
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The Wendy's CompanyWEN posted better-than-expected second-quarter 2016 results with earnings as well as revenues beating the Zacks Consensus Estimate. Earnings and Revenue Discussion Adjusted earnings came in at 10 cents, beating the Zacks Consensus Estimate of 9 cents by 11.11%. Also, earnings increased 25% year over year backed by higher margins and lower share count due to share buybacks in the quarter.
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The Wendy's CompanyWEN posted better-than-expected second-quarter 2016 results with earnings as well as revenues beating the Zacks Consensus Estimate. However, share price of this restaurant operator decreased almost 3% in yesterday's trading session as it reported weak second-quarter comps and also lowered its comps guidance for the year. Also, earnings increased 25% year over year backed by higher margins and lower share count due to share buybacks in the quarter.
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59574ab4-d38b-417a-a511-9312a624f3b7
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727424.0
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2016-08-09 00:00:00 UTC
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Red Robin (RRGB) Misses Q2 Earnings, Sales; Cuts Outlook
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DENN
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https://www.nasdaq.com/articles/red-robin-rrgb-misses-q2-earnings-sales-cuts-outlook-2016-08-09
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nan
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nan
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Red Robin Gourmet Burgers Inc.RRGB reported lower-than-expected second-quarter 2016 results with both earnings and sales missing the Zacks Consensus Estimate.
Notably, the burger chain slashed its sales and profit outlook for the full year which resulted in a 5% decline in the company's share price.
Earnings Missed
Red Robin's adjusted earnings of 75 cents per share missed the Zacks Consensus Estimate of 79 cents by 5.1%. Further, earnings declined 3.8% year over year owing to weak comps and lower margins.
Red Robin Gourmet Burgers Inc. (RRGB) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
Behind the Headline Numbers
Revenues of $305.5 million missed the Zacks Consensus Estimate of $313 million by 2.4%.
Revenues grew 4.3% year over year driven by new restaurant openings.
During the quarter, restaurant revenues went up 4.6% year over year to $302.1 million. Franchise royalties and fee revenues, however, decreased 19.7% to about $3.43 million.
Company-owned restaurants' comps declined 3.2% (on a constant currency basis), worse than the prior-quarter comps decline of 2.6% due to weak traffic trends. A 3.9% decline in traffic was partially offset by a 0.7% increase in average guest check.
Despite lower cost of goods, restaurant-level operating profit margin decreased 160 basis points (bps) to 20.9% due to higher labor and occupancy costs and other restaurant operating expenses.
Adjusted EBITDA decreased 1.4% to $34.5 million from $35 million in the year-ago quarter.
RED ROBIN GOURM Price, Consensus and EPS Surprise
RED ROBIN GOURM Price, Consensus and EPS Surprise | RED ROBIN GOURM Quote
2016 Revenue Guidance Slashed
Red Robin lowered its total revenue growth guidance for 2016 from 8% to 5%.
The comps guidance was lowered to a decline of almost 2%, which compared unfavorably with the previous expectation of flat to slightly negative growth.
Adjusted EBITDA in 2016 is likely to range between $145 million and $150 million, lower than the previous expected range of $150 million and $155 million.
Restaurant-level operating profit margin is expected to be around 21%.
Capital expenditures are expected to range between $190 million and $195 million, including 13 restaurants acquired in the first-quarter. The company also plans to remodel at least 70 Red Robin restaurants in 2016 as a part of its Brand Transformation Initiative.
The company targets to improve sales and regain market share as the year progresses. Its focus is mainly on increasing speed of service, fostering awareness through local marketing initiatives and opening new restaurants. It is also initiating a new media campaign that will be launched in the fourth-quarter with incremental spending in selected and high penetration markets.
Zacks Rank & Stocks to Consider
Red Robin Gourmet Burgers currently has a Zacks Rank #4 (Sell). Better-ranked stocks in the same sector are Arcos Dorados Holdings Inc. ARCO , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . All these stocks carry a Zacks Rank #2 (Buy).
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 >>
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 CORP (DENN): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): Free Stock Analysis Report
ARCOS DORADOS-A (ARCO): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): 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.
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Better-ranked stocks in the same sector are Arcos Dorados Holdings Inc. ARCO , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report ARCOS DORADOS-A (ARCO): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Red Robin Gourmet Burgers Inc.RRGB reported lower-than-expected second-quarter 2016 results with both earnings and sales missing the Zacks Consensus Estimate.
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report ARCOS DORADOS-A (ARCO): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same sector are Arcos Dorados Holdings Inc. ARCO , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . Earnings Missed Red Robin's adjusted earnings of 75 cents per share missed the Zacks Consensus Estimate of 79 cents by 5.1%.
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report ARCOS DORADOS-A (ARCO): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same sector are Arcos Dorados Holdings Inc. ARCO , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . Red Robin Gourmet Burgers Inc. (RRGB) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Behind the Headline Numbers Revenues of $305.5 million missed the Zacks Consensus Estimate of $313 million by 2.4%.
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Better-ranked stocks in the same sector are Arcos Dorados Holdings Inc. ARCO , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report ARCOS DORADOS-A (ARCO): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report To read this article on Zacks.com click here. Further, earnings declined 3.8% year over year owing to weak comps and lower margins.
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aa983043-bb32-4367-ae60-90ce14d70941
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727425.0
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2016-08-05 00:00:00 UTC
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El Pollo Loco (LOCO) Beats on Q2 Earnings, Sales; Stock Up
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DENN
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https://www.nasdaq.com/articles/el-pollo-loco-loco-beats-on-q2-earnings-sales-stock-up-2016-08-05
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nan
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nan
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El Pollo Loco Holdings, Inc.LOCO grew nearly 8% in afterhours trading on Aug 4, after the company reported strong second-quarter 2016 results with both earnings and sales beating the Zacks Consensus Estimate.
Earnings and Revenue Discussion
El Pollo Loco's second-quarter adjusted earnings of 19 cents per share beat the Zacks Consensus Estimate of 18 cents by 5.6%. However, earnings were flat on a year-over-year basis.
El Pollo Loco Holdings Inc. (LOCO) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
Revenues of $97.5 million were up 9% year over year mainly due to an increase in company- operated restaurant sales. Revenues also beat the Zacks Consensus Estimate of $96 million by 1.6%.
Behind the Headline Numbers
Notably, system-wide comps rose 2.4% due to an increase in comps at both company-operated and franchise restaurants.
Company-operated restaurant sales were $90.9 million, compared with $83.6 million in the year-ago quarter. The 8.7% growth was mainly due to the opening of 18 new restaurants during and subsequent to the second quarter of 2015.
Meanwhile, comps at company-operated restaurant grew 2% due to a 2.7% increase in traffic, partially offset by a 0.7% decrease in average check.
Franchise operated restaurant sales increased 12.2% to $6.6 million compared with $5.9 million in the year-ago quarter.
Comps at Franchise restaurants were up 12.2% due to the opening of 9 new restaurants during and subsequent to the second quarter of 2015 and fees associated with its point-of-sale system.
Restaurant contribution was $20.0 million, higher than $18.0 million in the second quarter of 2015. The increase in restaurant contribution was mainly due to an improvement in food and paper costs along with an increase in comps, somewhat offset by higher labor, occupancy and other operating expenses.
EL POLLO LOCO Price, Consensus and EPS Surprise
EL POLLO LOCO Price, Consensus and EPS Surprise | EL POLLO LOCO Quote
2016 Outlook
The company expects 2016 pro forma earnings per share to be in a range of 68 cents to 72 cents, down from the prior guidance of 70 cents to 74 cents. Meanwhile, the Zacks Consensus Estimate for 2016 is pegged at 70 cents and falls within the guided range.
Adjusted EBITDA is expected to be in a range of $67.0 to $69.0 million, down from the prior expected range of $68.0 to $70.5 million. Meanwhile, restaurant contribution margin is expected to be in a range of 20.8% to 21.2%, down from the previous expected margin of 21.0% to 21.4%.
The company reiterated its system-wide comparable restaurant sales and expects it to grow in low single digits. Meanwhile, El Pollo Loco still expects to open 17-20 new company-owned restaurants and 10-15 franchised operated restaurants in the year.
Zacks Rank & Stocks to Consider
El Pollo Loco has a Zacks Rank #4 (Sell). Better-ranked restaurant stocks are The Cheesecake Factory Inc. CAKE , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . All the three stocks carry a Zacks Rank #2 (Buy).
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 >>
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
CHEESECAKE FACT (CAKE): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
DEL TACO RSTRNT (TACO): Free Stock Analysis Report
EL POLLO LOCO (LOCO): 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.
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Better-ranked restaurant stocks are The Cheesecake Factory Inc. CAKE , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . Click to get this free report CHEESECAKE FACT (CAKE): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report EL POLLO LOCO (LOCO): Free Stock Analysis Report To read this article on Zacks.com click here. El Pollo Loco Holdings, Inc.LOCO grew nearly 8% in afterhours trading on Aug 4, after the company reported strong second-quarter 2016 results with both earnings and sales beating the Zacks Consensus Estimate.
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Click to get this free report CHEESECAKE FACT (CAKE): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report EL POLLO LOCO (LOCO): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked restaurant stocks are The Cheesecake Factory Inc. CAKE , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . Earnings and Revenue Discussion El Pollo Loco's second-quarter adjusted earnings of 19 cents per share beat the Zacks Consensus Estimate of 18 cents by 5.6%.
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Click to get this free report CHEESECAKE FACT (CAKE): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report EL POLLO LOCO (LOCO): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked restaurant stocks are The Cheesecake Factory Inc. CAKE , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . El Pollo Loco Holdings Inc. (LOCO) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues of $97.5 million were up 9% year over year mainly due to an increase in company- operated restaurant sales.
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Better-ranked restaurant stocks are The Cheesecake Factory Inc. CAKE , Del Taco Restaurants Inc. TACO and Denny's Corp. DENN . Click to get this free report CHEESECAKE FACT (CAKE): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DEL TACO RSTRNT (TACO): Free Stock Analysis Report EL POLLO LOCO (LOCO): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings and Revenue Discussion El Pollo Loco's second-quarter adjusted earnings of 19 cents per share beat the Zacks Consensus Estimate of 18 cents by 5.6%.
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a289202b-1912-41dd-a879-527e0e997e12
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727426.0
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2016-05-09 00:00:00 UTC
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Is Denny's Corporation (DENN) a Great Growth Stock?
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DENN
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https://www.nasdaq.com/articles/is-dennys-corporation-denn-a-great-growth-stock-2016-05-09
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nan
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nan
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Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Denny's CorporationDENN .This firm, which is in the Retail-Food & Restaurants industry, saw EPS growth of 16.2% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 18.6% Furthermore, the long-term growth rate is currently an impressive 15.5%, suggesting pretty good prospects for the long haul.
And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 2%. Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy), which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider DENN. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well.
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 >>
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 CORP (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.
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Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy), which further underscores the potential for outperformance in this company. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. One such company that might be well-positioned for future earnings growth is Denny's CorporationDENN .This firm, which is in the Retail-Food & Restaurants industry, saw EPS growth of 16.2% last year, and is looking great for this year too.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Denny's CorporationDENN .This firm, which is in the Retail-Food & Restaurants industry, saw EPS growth of 16.2% last year, and is looking great for this year too.
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One such company that might be well-positioned for future earnings growth is Denny's CorporationDENN .This firm, which is in the Retail-Food & Restaurants industry, saw EPS growth of 16.2% last year, and is looking great for this year too. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy), which further underscores the potential for outperformance in this company.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. One such company that might be well-positioned for future earnings growth is Denny's CorporationDENN .This firm, which is in the Retail-Food & Restaurants industry, saw EPS growth of 16.2% last year, and is looking great for this year too. Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy), which further underscores the potential for outperformance in this company.
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a1f07fc6-bbef-430f-9d3f-b692462da24f
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727427.0
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2016-04-06 00:00:00 UTC
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Analysts See 12% Upside For PEJ
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DENN
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https://www.nasdaq.com/articles/analysts-see-12-upside-pej-2016-04-06
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Dynamic Leisure and Entertainment Portfolio ETF (Symbol: PEJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $41.40 per unit.
With PEJ trading at a recent price near $36.86 per unit, that means that analysts see 12.32% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PEJ's underlying holdings with notable upside to their analyst target prices are Denny's Corp (Symbol: DENN), Cedar Fair LP (Symbol: FUN), and Allegiant Travel Company (Symbol: ALGT). Although DENN has traded at a recent price of $10.16/share, the average analyst target is 26.31% higher at $12.83/share. Similarly, FUN has 13.77% upside from the recent share price of $58.19 if the average analyst target price of $66.20/share is reached, and analysts on average are expecting ALGT to reach a target price of $193.12/share, which is 12.41% above the recent price of $171.81. Below is a twelve month price history chart comparing the stock performance of DENN, FUN, and ALGT:
Combined, DENN, FUN, and ALGT represent 7.77% of the PowerShares Dynamic Leisure and Entertainment Portfolio ETF. Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although DENN has traded at a recent price of $10.16/share, the average analyst target is 26.31% higher at $12.83/share. Below is a twelve month price history chart comparing the stock performance of DENN, FUN, and ALGT: Combined, DENN, FUN, and ALGT represent 7.77% of the PowerShares Dynamic Leisure and Entertainment Portfolio ETF. Three of PEJ's underlying holdings with notable upside to their analyst target prices are Denny's Corp (Symbol: DENN), Cedar Fair LP (Symbol: FUN), and Allegiant Travel Company (Symbol: ALGT).
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Three of PEJ's underlying holdings with notable upside to their analyst target prices are Denny's Corp (Symbol: DENN), Cedar Fair LP (Symbol: FUN), and Allegiant Travel Company (Symbol: ALGT). Below is a twelve month price history chart comparing the stock performance of DENN, FUN, and ALGT: Combined, DENN, FUN, and ALGT represent 7.77% of the PowerShares Dynamic Leisure and Entertainment Portfolio ETF. Although DENN has traded at a recent price of $10.16/share, the average analyst target is 26.31% higher at $12.83/share.
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Three of PEJ's underlying holdings with notable upside to their analyst target prices are Denny's Corp (Symbol: DENN), Cedar Fair LP (Symbol: FUN), and Allegiant Travel Company (Symbol: ALGT). Although DENN has traded at a recent price of $10.16/share, the average analyst target is 26.31% higher at $12.83/share. Below is a twelve month price history chart comparing the stock performance of DENN, FUN, and ALGT: Combined, DENN, FUN, and ALGT represent 7.77% of the PowerShares Dynamic Leisure and Entertainment Portfolio ETF.
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Below is a twelve month price history chart comparing the stock performance of DENN, FUN, and ALGT: Combined, DENN, FUN, and ALGT represent 7.77% of the PowerShares Dynamic Leisure and Entertainment Portfolio ETF. Three of PEJ's underlying holdings with notable upside to their analyst target prices are Denny's Corp (Symbol: DENN), Cedar Fair LP (Symbol: FUN), and Allegiant Travel Company (Symbol: ALGT). Although DENN has traded at a recent price of $10.16/share, the average analyst target is 26.31% higher at $12.83/share.
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eaee59a6-2ce8-457d-a093-7e69fd55ca59
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727428.0
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2016-02-17 00:00:00 UTC
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How The Pieces Add Up: PWC Headed For $80
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DENN
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https://www.nasdaq.com/articles/how-pieces-add-pwc-headed-80-2016-02-17
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Dynamic Market Portfolio ETF (Symbol: PWC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $79.74 per unit.
With PWC trading at a recent price near $65.18 per unit, that means that analysts see 22.33% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PWC's underlying holdings with notable upside to their analyst target prices are Alon USA Partners LP (Symbol: ALDW), Denny's Corp (Symbol: DENN), and Luxoft Holding, Inc. (Symbol: LXFT). Although ALDW has traded at a recent price of $12.36/share, the average analyst target is 47.65% higher at $18.25/share. Similarly, DENN has 46.75% upside from the recent share price of $9.54 if the average analyst target price of $14.00/share is reached, and analysts on average are expecting LXFT to reach a target price of $79.00/share, which is 46.59% above the recent price of $53.89. Below is a twelve month price history chart comparing the stock performance of ALDW, DENN, and LXFT:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a twelve month price history chart comparing the stock performance of ALDW, DENN, and LXFT: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PWC's underlying holdings with notable upside to their analyst target prices are Alon USA Partners LP (Symbol: ALDW), Denny's Corp (Symbol: DENN), and Luxoft Holding, Inc. (Symbol: LXFT). Similarly, DENN has 46.75% upside from the recent share price of $9.54 if the average analyst target price of $14.00/share is reached, and analysts on average are expecting LXFT to reach a target price of $79.00/share, which is 46.59% above the recent price of $53.89.
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Similarly, DENN has 46.75% upside from the recent share price of $9.54 if the average analyst target price of $14.00/share is reached, and analysts on average are expecting LXFT to reach a target price of $79.00/share, which is 46.59% above the recent price of $53.89. Three of PWC's underlying holdings with notable upside to their analyst target prices are Alon USA Partners LP (Symbol: ALDW), Denny's Corp (Symbol: DENN), and Luxoft Holding, Inc. (Symbol: LXFT). Below is a twelve month price history chart comparing the stock performance of ALDW, DENN, and LXFT: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, DENN has 46.75% upside from the recent share price of $9.54 if the average analyst target price of $14.00/share is reached, and analysts on average are expecting LXFT to reach a target price of $79.00/share, which is 46.59% above the recent price of $53.89. Below is a twelve month price history chart comparing the stock performance of ALDW, DENN, and LXFT: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PWC's underlying holdings with notable upside to their analyst target prices are Alon USA Partners LP (Symbol: ALDW), Denny's Corp (Symbol: DENN), and Luxoft Holding, Inc. (Symbol: LXFT).
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Below is a twelve month price history chart comparing the stock performance of ALDW, DENN, and LXFT: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PWC's underlying holdings with notable upside to their analyst target prices are Alon USA Partners LP (Symbol: ALDW), Denny's Corp (Symbol: DENN), and Luxoft Holding, Inc. (Symbol: LXFT). Similarly, DENN has 46.75% upside from the recent share price of $9.54 if the average analyst target price of $14.00/share is reached, and analysts on average are expecting LXFT to reach a target price of $79.00/share, which is 46.59% above the recent price of $53.89.
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c594f74a-c864-4a51-b0d4-96dd9e15c70c
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727429.0
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2016-02-17 00:00:00 UTC
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Denny's (DENN) Narrowly Beats 2015 Q4 Earnings Estimates
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DENN
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https://www.nasdaq.com/articles/dennys-denn-narrowly-beats-2015-q4-earnings-estimates-2016-02-17
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nan
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nan
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Denny's Corp (DENN) just released their fiscal 2015 fourth quarter earnings results, posting earnings of $0.11 per share and revenue of $124 million.
Currently, DENN has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.
Denny's:
1. Beat earnings estimates. The company posted $0.11 per share , just beating our Zacks Consensus Estimate of 0.10.
2. Pushed revenue estimates. The company saw revenue figures of $124 million , matching our estimate of $124 million.
3. Denny's domestic system-wide same-store sales growth of 5.8% that comprised of a 6.5% increase at company restaurants and 5.7% increase at domestic franchised restaurants.
4. John Miller, President and Chief Executive Officer, stated, "Our brand revitalization strategies led to another great year for the Denny's brand. We achieved the highest same-store sales and traffic growth in over a decade as we continued to offer craveable products and more consistent service, both delivered in a more inviting environment. With only 32% of the system reflecting the Heritage image at the end of 2015, we are still in the early stages of our revitalization. We currently anticipate over 70% of the system will have the Heritage image by the end of 2018. As we continue to grow and transform the Denny's brand, we will consistently grow same-store sales and expand our global reach, while returning cash to shareholders through our ongoing share repurchase program."
5. DENN saw no movement in after-hours trading.
Here's a graph that looks at Denny's versus its peers' percentage change over three months:
Denny's Corporation (DENN) vs. Peers Percent Change Over Time - 3 Months | FindTheCompany
Denny's Corp., formerly Advantica Restaurant Group, Inc., is one of the largest restaurant companies, operating moderately-priced restaurants: Denny's, Hardee's, Quincy's, Coco's, and Carrows. The company believes its restaurants benefit from the diversity of the restaurant concepts, the generally strong market positions and consumer recognition enjoyed by these chains, the benefits of a centralized support system for purchasing, menu development, human resources, management information systems, site selection, restaurant design and construction. Denny's was founded in 1953 and is headquartered in Spartanburg, South Carolina.
Check back later for our full analysis on Denny's fourth quarter earnings report!
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DENNY'S CORP (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.
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Currently, DENN has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Check back later for our full analysis on Denny's fourth quarter earnings report! Denny's Corp (DENN) just released their fiscal 2015 fourth quarter earnings results, posting earnings of $0.11 per share and revenue of $124 million.
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Denny's Corp (DENN) just released their fiscal 2015 fourth quarter earnings results, posting earnings of $0.11 per share and revenue of $124 million. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, DENN has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report.
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Denny's Corp (DENN) just released their fiscal 2015 fourth quarter earnings results, posting earnings of $0.11 per share and revenue of $124 million. Here's a graph that looks at Denny's versus its peers' percentage change over three months: Denny's Corporation (DENN) vs. Peers Percent Change Over Time - 3 Months | FindTheCompany Denny's Corp., formerly Advantica Restaurant Group, Inc., is one of the largest restaurant companies, operating moderately-priced restaurants: Denny's, Hardee's, Quincy's, Coco's, and Carrows. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, DENN has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Denny's: 1. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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523d3688-f746-441e-a37b-2c80407405fc
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727430.0
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2015-11-03 00:00:00 UTC
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Starbucks Q4 Earnings Show Strength: ETFs in Focus
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DENN
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https://www.nasdaq.com/articles/starbucks-q4-earnings-show-strength%3A-etfs-in-focus-2015-11-03
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nan
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nan
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Leading coffee chain Starbucks Corporation ( SBUX ) ended its fiscal 2015 fourth quarter with lower-than-expected earnings. The softer earnings were driven by higher employee and digital investments. However, the company's top line saw a strong upside, thanks to outstanding growth in traffic trends in the U.S.
Starbucks' fiscal 2016 outlook was in line with the market as well as our expectations. Shares of the company rose in the trading session following the earnings release but fell thereafter.
Earnings in Detail
Starbucks' adjusted earnings of 43 cents per share missed the Zacks Consensus Estimate of 44 cents by 2.3%. However, earnings were on the higher end of management's guided range and grew 16% year over year as solid top-line growth offset lower margins.
Fiscal fourth quarter sales escalated 18% year over year to $4.91 billion, outpacing the Zacks Consensus Estimate of $4.89 billion by 0.5% driven by robust comps. Global same-store sales (comps) growth of 8% was higher than a 7% rise in the previous quarter, driven by increased traffic trends. The comps rise included 4% improvements each in global traffic and average ticket.
Higher food/beverage sales, strong comps in the U.S. and Europe and incremental revenues from Starbucks Japan primarily drove sales. The coffee giant opened 1,677 net new stores in fiscal 2015, ending the fiscal year with 23,043 stores in 68 countries.
Starbucks expects revenues to grow more than 10% in fiscal 2016, excluding the extra 53rd week. Comps are expected to grow somewhat above the mid single-digit range. The company expects to open 1,800 stores in the next fiscal year.
Adjusted earnings (including the 53rd week) are expected in the range of $1.87 to $1.89 per share during fiscal 2016, in line with the Zacks Consensus Estimate. Excluding the extra week, management expects to deliver earnings growth of at least 15%.
Starbucks also announced a 25% hike in the dividend to 20 cents per share, which should be welcoming news for income-hungry investors out there.
ETFs in Focus
Despite lower-than-expected earnings, Starbucks' growing comps - an important metric in the restaurant industry - make us confident about the company. Strong traffic growth both in the U.S. and China are the key opportunities for the company (read: 4 Solid Reasons to Buy Consumer Discretionary ETFs ).
Further, the restaurant industry has been benefiting from cheap fuel and rising income, which along with an improving U.S. economy, better job prospects and increasing consumer confidence are making the segment a great space to stay invested. In addition, with the holiday season fast approaching, investors should keep a close eye on the below mentioned Consumer Discretionary ETFs with a good exposure to Starbucks (see all Consumer Discretionary ETFs here).
PowerShares Dynamic Leisure & Entertainment Portfolio ( PEJ )
PEJ tracks the Dynamic Leisure and Entertainment Intellidex Index, holding 30 stocks with Starbucks occupying the fifth position with 5.13% allocation. The fund includes many other restaurant stocks, such as, Papa John's International Inc. ( PZZA ), Denny's Corp. ( DENN ), etc. It has amassed $196 million in assets and trades in a moderate volume of nearly 34,000 shares. The product charges 63 bps in fees and returned 8.9% in the year-to-date timeframe (as of November 2, 2015). It carries a Zacks ETF Rank #3 (Hold) with a Medium risk outlook (read: Time to Take a Bite into This Exclusive Restaurant ETF ).
Consumer Discretionary Select Sector SPDR ( XLY )
This top-asset grossing consumer discretionary ETF follows the Consumer Discretionary Select Sector Index, holding 88 stocks. Starbucks occupies the sixth position in the fund with 3.82% allocation. Amazon.com ( AMZN ) and Walt Disney ( DIS ) are the top two holdings in the fund. The product has garnered a robust $11.5 billion in assets and trades in a strong volume of 6.5 million shares. It is one of the cheapest ETFs in its category with only 15 bps in annual fees. The fund has been up 12.7% so far this year and holds a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
Fidelity MSCI Consumer Discretionary Index ETF ( FDIS )
This product provides exposure to a large basket of 383 stocks by tracking the MSCI USA IMI Consumer Discretionary Index. Starbucks is at the sixth position holding a share of 3.03%. Amazon and Walt Disney are the top two holdings in the fund. The product manages nearly $286 million in asset base and trades in a solid volume of 129,000 shares per day. It charges a negligible 12 bps in fees and gained 9.5% in the year-to-date period. FDIS carries a Zacks ETF Rank #3 with a Medium risk outlook (read: Does This New Consumer Discretionary ETF Look Promising? ).
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 >>
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STARBUCKS CORP (SBUX): Free Stock Analysis Report
PAPA JOHNS INTL (PZZA): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
PWRSH-DYN LE&EN (PEJ): ETF Research Reports
SPDR-CONS DISCR (XLY): ETF Research Reports
FID-CON DIS (FDIS): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
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 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.
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The fund includes many other restaurant stocks, such as, Papa John's International Inc. ( PZZA ), Denny's Corp. ( DENN ), etc. Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report PWRSH-DYN LE&EN (PEJ): ETF Research Reports SPDR-CONS DISCR (XLY): ETF Research Reports FID-CON DIS (FDIS): ETF Research Reports To read this article on Zacks.com click here. ETFs in Focus Despite lower-than-expected earnings, Starbucks' growing comps - an important metric in the restaurant industry - make us confident about the company.
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Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report PWRSH-DYN LE&EN (PEJ): ETF Research Reports SPDR-CONS DISCR (XLY): ETF Research Reports FID-CON DIS (FDIS): ETF Research Reports To read this article on Zacks.com click here. The fund includes many other restaurant stocks, such as, Papa John's International Inc. ( PZZA ), Denny's Corp. ( DENN ), etc. PowerShares Dynamic Leisure & Entertainment Portfolio ( PEJ ) PEJ tracks the Dynamic Leisure and Entertainment Intellidex Index, holding 30 stocks with Starbucks occupying the fifth position with 5.13% allocation.
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Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report PWRSH-DYN LE&EN (PEJ): ETF Research Reports SPDR-CONS DISCR (XLY): ETF Research Reports FID-CON DIS (FDIS): ETF Research Reports To read this article on Zacks.com click here. The fund includes many other restaurant stocks, such as, Papa John's International Inc. ( PZZA ), Denny's Corp. ( DENN ), etc. In addition, with the holiday season fast approaching, investors should keep a close eye on the below mentioned Consumer Discretionary ETFs with a good exposure to Starbucks (see all Consumer Discretionary ETFs here).
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The fund includes many other restaurant stocks, such as, Papa John's International Inc. ( PZZA ), Denny's Corp. ( DENN ), etc. Click to get this free report STARBUCKS CORP (SBUX): Free Stock Analysis Report PAPA JOHNS INTL (PZZA): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report PWRSH-DYN LE&EN (PEJ): ETF Research Reports SPDR-CONS DISCR (XLY): ETF Research Reports FID-CON DIS (FDIS): ETF Research Reports To read this article on Zacks.com click here. Fiscal fourth quarter sales escalated 18% year over year to $4.91 billion, outpacing the Zacks Consensus Estimate of $4.89 billion by 0.5% driven by robust comps.
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8cc90e19-8782-45c4-9488-0c595b085bc3
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727431.0
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2015-09-01 00:00:00 UTC
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Will Denny's Seek a 'Peace Burger' with Burger King?
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DENN
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https://www.nasdaq.com/articles/will-dennys-seek-a-peace-burger-with-burger-king-2015-09-01
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nan
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nan
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According to media reports, Denny's CorporationDENN recently approached Restaurant Brands International Inc.'s QSR Burger King through a full page advertisement in The New York Times and USA TODAY for collaborating to create a burger honoring World Peace Day (Sep 21). This comes close on the heels of the rejection of Burger King's proposal to McDonald's for launching a "McWhopper" burger to mark the upcoming Peace Day. (Read More: Burger King Calls Out to McDonald's to Create McWhopper )
Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf
Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf
Reportedly, Denny's plans to merge its Bacon Slamburger - a hamburger topped with hash browns, a cooked-to-order egg, bacon and pepper jack queso sauce - with Burger King's best-selling Whopper burger. However, the company is not yet sure about the burger name and is considering titles such as Whamper, Slamopper, and WhopaSlam to raise the appetizing quotient.
Denny's is not the only restaurant chain that is trying to collaborate with Burger King. Atlanta-based Krystal, which specializes in small, square hamburger sliders with steamed onions, recently revealed on social media that it has forwarded a proposal to team up with Burger King. Krystal suggests names like Kropper, Wystal, or Tiny King for the peace day burger.
However, Burger King hasn't responded to any of the offers yet.
In December last year, Tim Hortons Inc. and Burger King Worldwide, Inc. collaborated to form - Restaurant Brands International - worth roughly $11.0 billion. However, boosting sales right after the merger has been a hard task for Burger King. However, by bringing back some of the popular menu items like the pulled pork sandwich and the Chicken Fries, the company was able to post comps growth of around 6.7% in the last reported quarter.
Meanwhile, collaboration with another restaurant chain in the industry would help Burger King increase store traffic and create more brand awareness.
Both Restaurant Brands and Denny's carries a Zacks Rank #3 (Hold). Better ranked stocks in the same sector include BJ's Restaurants, Inc. BJRI and Ruby Tuesday, Inc. RT . Both these stocks carry a Zacks Rank #2 (Buy).
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DENNY'S CORP (DENN): Free Stock Analysis Report
RESTAURANT BRND (QSR): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
RUBY TUESDAY (RT): 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.
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According to media reports, Denny's CorporationDENN recently approached Restaurant Brands International Inc.'s QSR Burger King through a full page advertisement in The New York Times and USA TODAY for collaborating to create a burger honoring World Peace Day (Sep 21). (Read More: Burger King Calls Out to McDonald's to Create McWhopper ) Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf Reportedly, Denny's plans to merge its Bacon Slamburger - a hamburger topped with hash browns, a cooked-to-order egg, bacon and pepper jack queso sauce - with Burger King's best-selling Whopper burger. Denny's is not the only restaurant chain that is trying to collaborate with Burger King.
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According to media reports, Denny's CorporationDENN recently approached Restaurant Brands International Inc.'s QSR Burger King through a full page advertisement in The New York Times and USA TODAY for collaborating to create a burger honoring World Peace Day (Sep 21). (Read More: Burger King Calls Out to McDonald's to Create McWhopper ) Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf Reportedly, Denny's plans to merge its Bacon Slamburger - a hamburger topped with hash browns, a cooked-to-order egg, bacon and pepper jack queso sauce - with Burger King's best-selling Whopper burger. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RESTAURANT BRND (QSR): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report To read this article on Zacks.com click here.
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According to media reports, Denny's CorporationDENN recently approached Restaurant Brands International Inc.'s QSR Burger King through a full page advertisement in The New York Times and USA TODAY for collaborating to create a burger honoring World Peace Day (Sep 21). (Read More: Burger King Calls Out to McDonald's to Create McWhopper ) Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf Reportedly, Denny's plans to merge its Bacon Slamburger - a hamburger topped with hash browns, a cooked-to-order egg, bacon and pepper jack queso sauce - with Burger King's best-selling Whopper burger. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RESTAURANT BRND (QSR): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report To read this article on Zacks.com click here.
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According to media reports, Denny's CorporationDENN recently approached Restaurant Brands International Inc.'s QSR Burger King through a full page advertisement in The New York Times and USA TODAY for collaborating to create a burger honoring World Peace Day (Sep 21). (Read More: Burger King Calls Out to McDonald's to Create McWhopper ) Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf Burger King Calls Out to McDonald's to Create McWhopper - See more at: http://www.zacks.com/stock/news/188009/burger-king-calls-out-to-mcdonalds-to-create-mcwhopper#sthash.7ZA1q8eJ.dpuf Reportedly, Denny's plans to merge its Bacon Slamburger - a hamburger topped with hash browns, a cooked-to-order egg, bacon and pepper jack queso sauce - with Burger King's best-selling Whopper burger. Denny's is not the only restaurant chain that is trying to collaborate with Burger King.
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645b93d4-3f97-4af5-a6c2-84ec8fab6b0e
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727432.0
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2015-08-31 00:00:00 UTC
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Meridian Funds Comments on Denny's
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DENN
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https://www.nasdaq.com/articles/meridian-funds-comments-dennys-2015-08-31
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nan
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nan
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Denny's ( NASDAQ:DENN ) is an iconic casual dining chain with approximately 1,500 franchises and 160 company-owned restaurants. The company came across our contrarian screens repeatedly during years of decline under a series of previous management teams. We invested in 2011 when strong new management took over with a coherent turnaround plan. Denny's made solid progress, stabilizing the business with menu and marketing improvements and using solid free-cash flow to pay down debt, repurchase shares and fund a successful restaurant remodel program, though sales growth remained subdued. An inflection point came in 2014 as sales improved significantly, aided by lower gas prices that alleviated pressure on Denny's core customer. This is a trend that accelerated through the remainder of the year and has held up in 2015. We remain shareholders though we reduced our position significantly due to the rise in the stock.
Meridian Funds Undervalued Stocks
Meridian Funds Top Growth Companies
Meridian Funds High Yield stocks
Meridian Funds Undervalued Stocks
Meridian Funds Top Growth Companies
Meridian Funds High Yield stocks
From Meridian Growth Fund's annual letter.
Read More:
Emerging Markets Decline Leads to Discounted High-Quality Companies
Meridian Funds Comments on Twitter
Meridian Funds Comments on Illumina
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
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.
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Denny's ( NASDAQ:DENN ) is an iconic casual dining chain with approximately 1,500 franchises and 160 company-owned restaurants. An inflection point came in 2014 as sales improved significantly, aided by lower gas prices that alleviated pressure on Denny's core customer. Denny's made solid progress, stabilizing the business with menu and marketing improvements and using solid free-cash flow to pay down debt, repurchase shares and fund a successful restaurant remodel program, though sales growth remained subdued.
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Denny's ( NASDAQ:DENN ) is an iconic casual dining chain with approximately 1,500 franchises and 160 company-owned restaurants. Denny's made solid progress, stabilizing the business with menu and marketing improvements and using solid free-cash flow to pay down debt, repurchase shares and fund a successful restaurant remodel program, though sales growth remained subdued. An inflection point came in 2014 as sales improved significantly, aided by lower gas prices that alleviated pressure on Denny's core customer.
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Denny's ( NASDAQ:DENN ) is an iconic casual dining chain with approximately 1,500 franchises and 160 company-owned restaurants. Denny's made solid progress, stabilizing the business with menu and marketing improvements and using solid free-cash flow to pay down debt, repurchase shares and fund a successful restaurant remodel program, though sales growth remained subdued. An inflection point came in 2014 as sales improved significantly, aided by lower gas prices that alleviated pressure on Denny's core customer.
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Denny's ( NASDAQ:DENN ) is an iconic casual dining chain with approximately 1,500 franchises and 160 company-owned restaurants. Denny's made solid progress, stabilizing the business with menu and marketing improvements and using solid free-cash flow to pay down debt, repurchase shares and fund a successful restaurant remodel program, though sales growth remained subdued. An inflection point came in 2014 as sales improved significantly, aided by lower gas prices that alleviated pressure on Denny's core customer.
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a5cb8a6f-86ee-4c74-b86a-b0ccaa7dae39
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727433.0
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2015-08-26 00:00:00 UTC
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Dunkin' Brands Adds Tailgater Sandwich to Breakfast Platter
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DENN
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https://www.nasdaq.com/articles/dunkin-brands-adds-tailgater-sandwich-to-breakfast-platter-2015-08-26
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nan
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nan
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Dunkin' Brands Group, Inc.DNKN recently announced the latest addition to its all-day breakfast menu for the autumn season - Tailgater Breakfast Sandwich. This limited-time item will be available at Dunkin' Donuts restaurants starting Aug 31.
The sandwich contains egg, reduced fat cheddar cheese and smoked sausage topped with fire-roasted peppers and grilled onion mix and Ancho Chipotle sauce on an oven-toasted French Roll.
The new sandwich comes ahead of the National Football League scheduled to start in September, and Dunkin' Brands is looking to bring in more traffic by tapping in on the football craze in the U.S. Further, the doughnut chain is promoting the Tailgater Breakfast Sandwich launch and August as the National Sandwich Month through contests.
With gradual improvement in the U.S. job market, consumers are becoming keener on having breakfast at restaurants. Breakfast visits were up 4% year over year for the 12-month period ended May 2015, while lunch and dinner visits remained flat, according to research firm, NPD Group. The breakfast segment is gaining popularity because it is cheaper than other meals and has lesser waiting time. (Read: Latest Craze in the U.S. Restaurant Industry: Breakfast )
Recently, sandwiches have become a popular menu item at restaurants. The breakfast sandwich is not only nutritious and filling because of ingredients like bread, eggs, cheese and meat, whether bacon or sausage, but also convenient to eat while on the move. Other restaurateurs like Denny's Corporation DENN , Jack in the Box Inc. JACK and Sonic Corp. SONC , which have been offering all-day breakfast for quite some time now, further highlighting how trend has been successfully driving sales growth. Dunkin' Brands' recent menu addition aims to tap this demand.
Dunkin' Brands currently has a Zacks Rank #2 (Buy).
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SONIC CORP (SONC): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
JACK IN THE BOX (JACK): Free Stock Analysis Report
DUNKIN BRANDS (DNKN): 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.
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Other restaurateurs like Denny's Corporation DENN , Jack in the Box Inc. JACK and Sonic Corp. SONC , which have been offering all-day breakfast for quite some time now, further highlighting how trend has been successfully driving sales growth. Click to get this free report SONIC CORP (SONC): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report To read this article on Zacks.com click here. The sandwich contains egg, reduced fat cheddar cheese and smoked sausage topped with fire-roasted peppers and grilled onion mix and Ancho Chipotle sauce on an oven-toasted French Roll.
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Click to get this free report SONIC CORP (SONC): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report To read this article on Zacks.com click here. Other restaurateurs like Denny's Corporation DENN , Jack in the Box Inc. JACK and Sonic Corp. SONC , which have been offering all-day breakfast for quite some time now, further highlighting how trend has been successfully driving sales growth. Dunkin' Brands Group, Inc.DNKN recently announced the latest addition to its all-day breakfast menu for the autumn season - Tailgater Breakfast Sandwich.
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Click to get this free report SONIC CORP (SONC): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report To read this article on Zacks.com click here. Other restaurateurs like Denny's Corporation DENN , Jack in the Box Inc. JACK and Sonic Corp. SONC , which have been offering all-day breakfast for quite some time now, further highlighting how trend has been successfully driving sales growth. Dunkin' Brands Group, Inc.DNKN recently announced the latest addition to its all-day breakfast menu for the autumn season - Tailgater Breakfast Sandwich.
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Click to get this free report SONIC CORP (SONC): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report To read this article on Zacks.com click here. Other restaurateurs like Denny's Corporation DENN , Jack in the Box Inc. JACK and Sonic Corp. SONC , which have been offering all-day breakfast for quite some time now, further highlighting how trend has been successfully driving sales growth. Restaurant Industry: Breakfast ) Recently, sandwiches have become a popular menu item at restaurants.
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9bf2d39a-48b3-435e-b60a-a924f3f596c6
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727434.0
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2015-08-06 00:00:00 UTC
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Why DineEquity (DIN) is a Buy - Video Blog
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DENN
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https://www.nasdaq.com/articles/why-dineequity-din-buy-video-blog-2015-08-06
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nan
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nan
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Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN).
This restaurant company recently delivered solid second quarter results, driven by the strongest same-store sales growth at its IHOP brand in over a decade. Analysts revised their estimates higher for both 2015 and 2016 after the report, sending the stock to a Zacks Rank #2 (Buy). DineEquity also offers solid growth potential and a strong dividend yield while trading at a reasonable price.
But what else should investors take away from this company? Watch our short video below to learn more about this growth and income stock!
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DINEEQUITY INC (DIN): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
CRACKER BARREL (CBRL): Free Stock Analysis Report
DENNY'S CORP (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.
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Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. This restaurant company recently delivered solid second quarter results, driven by the strongest same-store sales growth at its IHOP brand in over a decade. Analysts revised their estimates higher for both 2015 and 2016 after the report, sending the stock to a Zacks Rank #2 (Buy).
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Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN). 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.
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Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN). 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.
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Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN). But what else should investors take away from this company?
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f7cdb247-79ae-4814-8f78-8f85e75198d0
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727435.0
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2015-08-04 00:00:00 UTC
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Denny's (DENN) Looks Good: Stock Adds 7.1% in Session - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/dennys-denn-looks-good%3A-stock-adds-7.1-in-session-tale-of-the-tape-2015-08-04
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nan
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nan
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $11.33 to $12.09 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Denny's currently has a Zacks Rank #2 (Buy).
Another well-ranked restaurateur is BJ's Restaurants, Inc. ( BJRI ) sporting a Zacks Rank #1 (Strong Buy).
Is DENN going up? Or down? Predict to see what others think: Up or Down
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DENNY'S CORP (DENN): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): 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.
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise over 7% on the day. Denny's currently has a Zacks Rank #2 (Buy). Is DENN going up?
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise over 7% on the day. Denny's currently has a Zacks Rank #2 (Buy).
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise over 7% on the day. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's currently has a Zacks Rank #2 (Buy).
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise over 7% on the day. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's currently has a Zacks Rank #2 (Buy).
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381b459b-806c-428f-8c92-7be5f12a8c93
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727436.0
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2015-07-06 00:00:00 UTC
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Why Denny's Corp (DENN) Stock Might be a Great Pick - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/why-dennys-corp-denn-stock-might-be-a-great-pick-tale-of-the-tape-2015-07-06
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nan
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nan
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One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ). This is because this security in the Retail-Restraunts space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Retail-Restraunts space as it currently has a Zacks Industry Rank of 40 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Denny's Corp is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have remained stable at 11 cents per share, while current year estimates have risen from 43 cents per share to 44 cents per share. This has helped DENN to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider Denny's Corp. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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DENNY'S CORP (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.
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This has helped DENN to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ). Meanwhile, Denny's Corp is actually looking pretty good on its own too.
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ). Meanwhile, Denny's Corp is actually looking pretty good on its own too.
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So, if you are looking for a decent pick in a strong industry, consider Denny's Corp. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ).
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So, if you are looking for a decent pick in a strong industry, consider Denny's Corp. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ).
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4d98461b-9cc4-43aa-a01e-6acdfa61d6ea
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727437.0
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2015-06-23 00:00:00 UTC
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Looking for a Growth Stock? Why It is Time to Focus on Denny's (DENN) - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/looking-for-a-growth-stock-why-it-is-time-to-focus-on-dennys-denn-tale-of-the-tape-2015-06
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nan
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nan
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Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). This firm, which is in the Retail-Restaurants industry, saw EPS growth of 19.4% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 18.0%. Furthermore, the long-term growth rate is currently an impressive 16.5%, suggesting pretty good prospects for the long haul.
And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 2.3%. Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider DENN. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well.
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DENNY'S CORP (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.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ).
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ).
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One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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755608b6-0320-4d5a-b9b1-9a3b0e549153
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727438.0
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2015-06-22 00:00:00 UTC
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Five Most Widely Held Small-Caps Among the Gurus
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DENN
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https://www.nasdaq.com/articles/five-most-widely-held-small-caps-among-gurus-2015-06-22
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nan
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nan
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While small-cap stocks can certainly be more volatile and risky than investing in larger or blue chip companies, there are several advantages to investing in small-caps. These companies have more room for growth than industry stalwarts, and many mutual funds don't invest in them due to heavy SEC regulations.
But perhaps the most important advantage is the lack of analyst coverage, which means small caps are more likely to be improperly priced.
Small-cap stocks are generally defined as having a capitalization between $300 million and $2 billion. The Russell 2000 Index, which measures the performance of the small-cap segment, has outperformed the S&P 500 year-to-date, returning 3.98% compared to 2.48%.
The All-In-One-Screener can be used to find the most widely held small-caps among the gurus. The following five stocks are the most popular small-caps as of the first quarter.
Daniel Loeb Undervalued Stocks
Daniel Loeb Top Growth Companies
Daniel Loeb High Yield stocks
Paul Singer Undervalued Stocks
Paul Singer Top Growth Companies
Paul Singer High Yield stocks
Jim Simons Undervalued Stocks
Jim Simons Top Growth Companies
Jim Simons High Yield stocks
John Griffin Undervalued Stocks
John Griffin Top Growth Companies
John Griffin High Yield stocks
Mario Gabelli Undervalued Stocks
Mario Gabelli Top Growth Companies
Mario Gabelli High Yield stocks
Circor International ( CIR )
Eight gurus currently hold shares in Circor as of the first quarter; Mario Gabelli ( Trades , Portfolio) is the largest shareholder with 10.13% of shares outstanding. Circor manufactures valves and subsystems that control the flow of fluids safely and efficiently in the energy, aerospace and industrial markets.
The stock declined 29% over the past year and closed at $54.88 on June 18. The current P/E ratio is 21.55 and the P/S ratio is 1.22.
Over the past five years, the revenue growth rate was 5.3%, while EBITDA grew by 31.6%. In 2014, EBITDA per share was $4.75, down from $5.01 the year before.
The current dividend yield is 0.27%, which is close to the two-year high. The payout ratio is 6%, with plenty of room to grow the dividend in the future.
Aegion Corp ( AEGN )
Seven gurus currently hold stakes in Aegion, with Chuck Royce (Trades, Portfolio) holding the largest position at 3.06% of shares outstanding.
Aegion provides infrastructure services to protect against the corrosion of industrial pipelines. The stock price dropped 24% over the past year, closing at $17.68 on June 18.
Revenue grew by 11% over the past five years, while EBITDA declined 16.5% over the same time period. In 2014, Aegion reported a net loss for the first time in the past 10 years, with a net loss of $37 million.
The forward P/E ratio is 11.26, while the P/S ratio is 0.5.
LB Foster Co ( FSTR )
Six gurus hold stakes in LB Foster as of Q1. Chuck Royce (Trades, Portfolio) is the largest shareholder with 15.02% of shares outstanding.
LB Foster distributes products and services for rail, construction, energy and utility markets. The stock price declined 34% over the past year, and closed at $35.00 on June 18. The current P/E ratio is 13.64, while the P/S ratio is 0.57.
The revenue growth over the past five years was 8.4%, while EBITDA grew by 7.6%. Net income also rose 7.21%, recording at $25.7 million in 2014.
The current dividend yield is 0.43%, which is close to the five-year high, while the payout ratio is 6%.
Denny's Corp ( DENN )
Six gurus are invested in restaurant chain Denny's, with John Keeley (Trades, Portfolio) as the largest shareholder with 5.88% of shares outstanding. The stock has risen 78% over the last year, closing at $11.77 on June 18. The current P/E ratio is 29.33 and the P/S ratio is 2.12.
Denny's has struggled to grow its revenue and earnings over the past five years, with revenue declining 2.9% and EBITDA declining 3.5%.
However, free cash flow has grown almost 37% over the past five years, recording at $52.8 million in 2014.
Looking at Denny's balance sheet, the current ratio is less than 1, which indicates the company cannot cover its short-term debt. Long term debt amounted to $151.1 million in 2014.
Alliance One International ( AOI )
As of Q1, six gurus hold positions in Alliance One; Donald Smith (Trades, Portfolio) is the largest shareholder with 9.21% of shares outstanding.
Alliance One supplies tobacco to the manufacturers and marketers of tobacco products. The stock declined 21% over the last year, and closed at $2.25 on June 17. The forward P/E ratio is 35.34 and the P/S ratio is 0.1.
Over the last five years, Alliance One's revenue growth was 2.2%, while EBITDA declined 6.8%. In 2014, EBITDA per share was $1.67, up from $1.15 the year before.
Alliance posted a net loss of $15 million last year, an improvement from the loss of $87 million in 2013.
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About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
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.
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Denny's Corp ( DENN ) Six gurus are invested in restaurant chain Denny's, with John Keeley (Trades, Portfolio) as the largest shareholder with 5.88% of shares outstanding. Denny's has struggled to grow its revenue and earnings over the past five years, with revenue declining 2.9% and EBITDA declining 3.5%. Looking at Denny's balance sheet, the current ratio is less than 1, which indicates the company cannot cover its short-term debt.
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Denny's Corp ( DENN ) Six gurus are invested in restaurant chain Denny's, with John Keeley (Trades, Portfolio) as the largest shareholder with 5.88% of shares outstanding. Denny's has struggled to grow its revenue and earnings over the past five years, with revenue declining 2.9% and EBITDA declining 3.5%. Looking at Denny's balance sheet, the current ratio is less than 1, which indicates the company cannot cover its short-term debt.
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Denny's Corp ( DENN ) Six gurus are invested in restaurant chain Denny's, with John Keeley (Trades, Portfolio) as the largest shareholder with 5.88% of shares outstanding. Denny's has struggled to grow its revenue and earnings over the past five years, with revenue declining 2.9% and EBITDA declining 3.5%. Looking at Denny's balance sheet, the current ratio is less than 1, which indicates the company cannot cover its short-term debt.
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Denny's Corp ( DENN ) Six gurus are invested in restaurant chain Denny's, with John Keeley (Trades, Portfolio) as the largest shareholder with 5.88% of shares outstanding. Denny's has struggled to grow its revenue and earnings over the past five years, with revenue declining 2.9% and EBITDA declining 3.5%. Looking at Denny's balance sheet, the current ratio is less than 1, which indicates the company cannot cover its short-term debt.
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bf45e839-7fe2-41a3-923e-887a9c4a78dc
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727439.0
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2015-06-11 00:00:00 UTC
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This Week's Growth & Income Stock: Cracker Barrel Old Country Store (CBRL) - Video Blog
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DENN
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https://www.nasdaq.com/articles/weeks-growth-income-stock-cracker-barrel-old-country-store-cbrl-video-blog-2015-06-11
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nan
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nan
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Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Cracker Barrel Old Country Store (CBRL) .
This restaurant is delivering solid same-store sales growth, which has helped drive double-digit bottom line growth. The company recently delivered a positive earnings surprise that prompted analysts to revise their earnings estimates significantly higher, sending the stock to a Zacks Rank of 2 (Buy). Cracker Barrel also offers solid growth potential and a strong dividend yield while trading at a reasonable price.
But what else should investors take away from this company? Watch our short video below to learn more about this growth and income stock!
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CRACKER BARREL (CBRL): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
BOB EVANS FARMS (BOBE): 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.
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Click to get this free report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report BOB EVANS FARMS (BOBE): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Cracker Barrel Old Country Store (CBRL) . The company recently delivered a positive earnings surprise that prompted analysts to revise their earnings estimates significantly higher, sending the stock to a Zacks Rank of 2 (Buy).
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Click to get this free report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report BOB EVANS FARMS (BOBE): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Cracker Barrel Old Country Store (CBRL) . 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.
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Click to get this free report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report BOB EVANS FARMS (BOBE): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Cracker Barrel Old Country Store (CBRL) . 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.
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Click to get this free report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report BOB EVANS FARMS (BOBE): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Cracker Barrel Old Country Store (CBRL) . But what else should investors take away from this company?
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f5951531-bba5-4e8c-ab89-08b370630eb7
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727440.0
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2015-06-08 00:00:00 UTC
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Denny's (DENN) Catches Eye: Stock Adds 7% in Session - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/dennys-denn-catches-eye%3A-stock-adds-7-in-session-tale-of-the-tape-2015-06-08
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nan
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nan
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise 7% on the day. The upside came after the company was added to Wedbush Securities' "Best Ideas" list on Jun 5 leading to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.25 to $10.89 in the past one-month time frame.
The company has seen 1 positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.
Denny's currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another well-ranked restaurateur is Restaurant Brands International Inc. ( QSR ) sporting a Zacks Rank #1 (Strong Buy).
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 >>
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DENNY'S CORP (DENN): Free Stock Analysis Report
RESTAURANT BRND (QSR): 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.
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise 7% on the day. Denny's currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RESTAURANT BRND (QSR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RESTAURANT BRND (QSR): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise 7% on the day. Denny's currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RESTAURANT BRND (QSR): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise 7% on the day. Denny's currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise 7% on the day. Denny's currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report RESTAURANT BRND (QSR): Free Stock Analysis Report To read this article on Zacks.com click here.
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43d51013-d1c2-447d-8640-c1b3b351b529
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727441.0
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2015-05-19 00:00:00 UTC
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Is Denny's (DENN) a Great Growth Stock? - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/is-dennys-denn-a-great-growth-stock-tale-of-the-tape-2015-05-19
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nan
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nan
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Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). This firm, which is in the Retail-Restaurants space, saw EPS growth of 19.4% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 15.5%. Furthermore, the long-term growth rate is currently an impressive 16.5%, suggesting pretty good prospects for the long haul.
And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 6.2%. Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider DENN. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well.
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 >>
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 CORP (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.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ).
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ).
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One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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fa9b5250-fcc7-4b64-99ff-9f05977f19ab
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727442.0
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2015-05-07 00:00:00 UTC
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Is Denny's (DENN) Stock a Solid Choice Right Now? - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/is-dennys-denn-stock-a-solid-choice-right-now-tale-of-the-tape-2015-05-07
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nan
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nan
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One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ). This is because this security in the Retail-Restraunts space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Retail-Restraunts space as it currently has a Zacks Industry Rank of 31 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Denny's is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 10 cents per share to 11 cents per share, while current year estimates have risen from 40 cents per share to 42 cents per share. This has helped DENN to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider Denny's. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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 >>
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 CORP (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.
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One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ). Meanwhile, Denny's is actually looking pretty good on its own too. This has helped DENN to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
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One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ). Meanwhile, Denny's is actually looking pretty good on its own too. This has helped DENN to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
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One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ). Meanwhile, Denny's is actually looking pretty good on its own too. This has helped DENN to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
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One stock that might be an intriguing choice for investors right now is Denny's Corporation ( DENN ). Meanwhile, Denny's is actually looking pretty good on its own too. This has helped DENN to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
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727443.0
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2015-03-16 00:00:00 UTC
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GE Assits RJC to Buy 26 Denny's Restaurants - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/ge-assits-rjc-to-buy-26-dennys-restaurants-analyst-blog-2015-03-16
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nan
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nan
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GE Capital's Franchise Finance, an operating unit of the General Electric CompanyGE , recently augmented the liquidity of restaurant operator RJC LLC to acquire a string of restaurants complementing its inorganic growth. This included an $11 million term loan and $2 million line of credit to RJC. Shares remained relatively flat at $25.04 on Friday on the news.
The capital infusion helped the restaurant operator to acquire 26 Denny's restaurants from Denny's Corporation DENN at strategic locations in the Southeastern U.S. These included 14 in North Carolina, five in South Carolina, three in Alabama, and two each in Tennessee and Georgia.
Denny's operates one of the largest full-service restaurant chains in the U.S. based on the number of units. Since its inception over 60 years ago, Denny's restaurants offer hearty meals throughout the day, every day of the year.
With combined sales of around $2.5 billion, the Denny's family of restaurants includes nearly 1,700 restaurants, 90% of which are franchised or licensed and 10% are company operated. These also include more than 100 international restaurants in Canada, Costa Rica, Mexico, Honduras, Guam, Puerto Rico, Dominican Republic and New Zealand.
RJC will utilize the credit facility and the term loan from GE Capital, Franchise Finance to expand its presence across the country. Over the years, GE Capital, Franchise Finance has provided loans for the franchise finance market. With over $6 billion in served assets, it primarily serves mid-market operators in the restaurant and hospitality industries across diverse property locations.
General Electric, the parent company, is one of the largest and most diversified technology and financial services corporations in the world. Its product and service portfolio ranges from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold). Other notable companies in the industry include Compass Diversified Holdings CODI and Swire Pacific Ltd. SWRAY , both carrying a Zacks Rank #2 (Buy).
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 CORP (DENN): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
COMPASS DIVERSF (CODI): Free Stock Analysis Report
SWIRE PAC ADR A (SWRAY): Get Free 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.
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The capital infusion helped the restaurant operator to acquire 26 Denny's restaurants from Denny's Corporation DENN at strategic locations in the Southeastern U.S. Denny's operates one of the largest full-service restaurant chains in the U.S. based on the number of units. Since its inception over 60 years ago, Denny's restaurants offer hearty meals throughout the day, every day of the year.
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The capital infusion helped the restaurant operator to acquire 26 Denny's restaurants from Denny's Corporation DENN at strategic locations in the Southeastern U.S. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report COMPASS DIVERSF (CODI): Free Stock Analysis Report SWIRE PAC ADR A (SWRAY): Get Free Report To read this article on Zacks.com click here. Denny's operates one of the largest full-service restaurant chains in the U.S. based on the number of units.
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With combined sales of around $2.5 billion, the Denny's family of restaurants includes nearly 1,700 restaurants, 90% of which are franchised or licensed and 10% are company operated. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report COMPASS DIVERSF (CODI): Free Stock Analysis Report SWIRE PAC ADR A (SWRAY): Get Free Report To read this article on Zacks.com click here. The capital infusion helped the restaurant operator to acquire 26 Denny's restaurants from Denny's Corporation DENN at strategic locations in the Southeastern U.S.
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With combined sales of around $2.5 billion, the Denny's family of restaurants includes nearly 1,700 restaurants, 90% of which are franchised or licensed and 10% are company operated. The capital infusion helped the restaurant operator to acquire 26 Denny's restaurants from Denny's Corporation DENN at strategic locations in the Southeastern U.S. Denny's operates one of the largest full-service restaurant chains in the U.S. based on the number of units.
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5a258f76-cc7d-473f-bf91-8d679afe012a
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727444.0
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2015-03-04 00:00:00 UTC
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This Week's Growth & Income Stock: DineEquity (DIN) - Video Blog
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DENN
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https://www.nasdaq.com/articles/weeks-growth-income-stock-dineequity-din-video-blog-2015-03-04
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nan
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nan
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Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN) .
This restaurant franchisor, which owns the Applebee's and IHOP brands, continues to see solid sales growth and expanding profit margins. It recently delivered a solid Q4 beat and has seen significant increases in consensus estimates as a result. It also offers solid growth potential and a strong dividend yield while trading at a reasonable price.
But what else should investors take away from this company? Watch our short video below to learn more about this growth and income stock!
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
DINEEQUITY INC (DIN): Free Stock Analysis Report
CRACKER BARREL (CBRL): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
DENNY'S CORP (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.
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Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. This restaurant franchisor, which owns the Applebee's and IHOP brands, continues to see solid sales growth and expanding profit margins. It recently delivered a solid Q4 beat and has seen significant increases in consensus estimates as a result.
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Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN) . 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.
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Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN) . 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.
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Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN) . This restaurant franchisor, which owns the Applebee's and IHOP brands, continues to see solid sales growth and expanding profit margins.
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69748544-f9bc-44ca-9d44-51a354556285
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727445.0
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2015-01-21 00:00:00 UTC
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Denny's (DENN) Shares March Higher, Can It Continue? - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/dennys-denn-shares-march-higher-can-it-continue-tale-of-the-tape-2015-01-21
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nan
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nan
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As of late, it has definitely been a great time to be an investor in Denny's Corporation ( DENN ) . The stock has moved higher by 11.9% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider DENN's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as DENN has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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 CORP (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.
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We certainly think that this might be the case, particularly if you consider DENN's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as DENN has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. As of late, it has definitely been a great time to be an investor in Denny's Corporation ( DENN ) .
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Denny's Corporation ( DENN ) . We certainly think that this might be the case, particularly if you consider DENN's recent earnings estimate revision activity.
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From this look, the company's future is quite favorable; as DENN has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Denny's Corporation ( DENN ) .
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As of late, it has definitely been a great time to be an investor in Denny's Corporation ( DENN ) . We certainly think that this might be the case, particularly if you consider DENN's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as DENN has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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727446.0
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2015-01-16 00:00:00 UTC
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BJ's Restaurants Reports Preliminary Q4 Results, Comps Up - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/bjs-restaurants-reports-preliminary-q4-results-comps-up-analyst-blog-2015-01-16
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nan
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nan
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BJ's Restaurants, Inc. ( BJRI ) recently announced preliminary results for fourth-quarter 2014, ended on Dec 30, 2014.
The company's revenues increased around 7.1% year over year to $213.9 million. Comps increased approximately 1.2%, improving from 0.3% growth in the prior quarter and much better than 2.7% decline in the year-ago quarter.
BJ's Restaurants' positive comps growth reflects the impact of management's initiatives focusing on food quality and menu innovation. In fact, BJ's Restaurants posted a turnaround in its comps growth in the second half of 2014, after underperforming the Knapp-track industry average in the first two quarters of the year.
Management expects that comps growth, cost containment and Project Q initiatives, focusing on kitchen productivity and food quality improvement, will continue to aid margins and profitability.
The company's strong operating cash flow and balance sheet place it favorably to increase new restaurant capacity by at least 10% annually over the long term. BJ's Restaurants opened 11 restaurants, based on the new restaurant design, in 2014.
The restaurant chain expects to open at least 15 units in 2015 and a minimum of 425 over the long term in the U.S. Further, we are encouraged by the company's decision to launch its smaller prototype restaurants (which requires lower investments) in various markets.
In our view, with commodity costs staying at an all-time high, lower investment by the company will be beneficial to its margins. Also, the company's focus on expansion without sacrificing margins is laudable. In fact, we expect smaller prototype restaurant to be the primary driver for the company's long-term goal of a restaurant-level margin of 19%.
Key Picks in the Sector
BJ's Restaurants currently has a Zacks Rank #2 (Buy). Some other stocks in the same industry which look attractive at current levels include Brinker International, Inc. ( EAT ), Denny's Corp. ( DENN ) and Darden Restaurants, Inc. ( DRI ). All these stocks carry a Zacks Rank #2.
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 RESTAURANT (BJRI): Free Stock Analysis Report
DARDEN RESTRNT (DRI): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
DENNY'S CORP (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.
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Some other stocks in the same industry which look attractive at current levels include Brinker International, Inc. ( EAT ), Denny's Corp. ( DENN ) and Darden Restaurants, Inc. ( DRI ). Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Management expects that comps growth, cost containment and Project Q initiatives, focusing on kitchen productivity and food quality improvement, will continue to aid margins and profitability.
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Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks in the same industry which look attractive at current levels include Brinker International, Inc. ( EAT ), Denny's Corp. ( DENN ) and Darden Restaurants, Inc. ( DRI ). BJ's Restaurants' positive comps growth reflects the impact of management's initiatives focusing on food quality and menu innovation.
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Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks in the same industry which look attractive at current levels include Brinker International, Inc. ( EAT ), Denny's Corp. ( DENN ) and Darden Restaurants, Inc. ( DRI ). BJ's Restaurants opened 11 restaurants, based on the new restaurant design, in 2014.
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Some other stocks in the same industry which look attractive at current levels include Brinker International, Inc. ( EAT ), Denny's Corp. ( DENN ) and Darden Restaurants, Inc. ( DRI ). Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. The restaurant chain expects to open at least 15 units in 2015 and a minimum of 425 over the long term in the U.S. Further, we are encouraged by the company's decision to launch its smaller prototype restaurants (which requires lower investments) in various markets.
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bfa46ff2-36d4-4b53-a03a-97b668ed186e
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727447.0
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2015-01-15 00:00:00 UTC
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Dunkin' Plans Baskin-Robbins Franchisee Units in Kentucky - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dunkin-plans-baskin-robbins-franchisee-units-in-kentucky-analyst-blog-2015-01-15
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nan
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nan
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Baskin-Robbins, a unit of Dunkin' Brands Group, Inc. ( DNKN ), recently announced its plan to expand in the state of Kentucky. The brand, which plans to drive growth through both new and current franchisees, is looking to open a unit in Louisville by 2015-end. Further, the company also expects to open units in Lexington. Notably, Dunkin' has already entered Shelbyville at the end of 2014.
These units will be developed under Baskin-Robbins' franchise incentive programs. These programs offer 0% royalty rate for the first two years and a reduced royalty fee for the next three years for those franchisees that entered into agreements in 2014 and are committed to develop the shops within a specific time frame. In fact, franchisees that build shops within the stipulated time will be able to enjoy reduced royalty rates of 0% to 4.9%, over the first five years, considerably lower than the usual 5.9% royalty rate.
Further, the company is offering new franchisees a 50% discount on a 20-year initial franchise fee of $25,000 and a payment plan whereby the reduced fee can be amortized over 10 years. These benefits have led to strong franchisee demand for Dunkin' Brands.
After reporting disappointing third-quarter results on Oct 23, 2014, and warning that it might struggle to achieve its long-term growth targets, Dunkin' is looking to diversify its footprint in the domestic markets. The company's top line was hurt in the last-reported quarter by a saturated fast food restaurant segment, a sluggish macroeconomic environment and reduced consumer spending in the domestic market.
Stocks to Consider
Dunkin' Brands currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the same industry include Brinker International, Inc. ( EAT ), Denny's Corporation ( DENN ) and Darden Restaurants, Inc. ( DRI ). All these stocks carry a Zacks Rank #2 (Buy).
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 RESTRNT (DRI): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
DUNKIN BRANDS (DNKN): 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.
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Better-ranked stocks in the same industry include Brinker International, Inc. ( EAT ), Denny's Corporation ( DENN ) and Darden Restaurants, Inc. ( DRI ). Click to get this free report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report To read this article on Zacks.com click here. After reporting disappointing third-quarter results on Oct 23, 2014, and warning that it might struggle to achieve its long-term growth targets, Dunkin' is looking to diversify its footprint in the domestic markets.
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Better-ranked stocks in the same industry include Brinker International, Inc. ( EAT ), Denny's Corporation ( DENN ) and Darden Restaurants, Inc. ( DRI ). Click to get this free report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DUNKIN BRANDS (DNKN): 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.
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Click to get this free report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Brinker International, Inc. ( EAT ), Denny's Corporation ( DENN ) and Darden Restaurants, Inc. ( DRI ). These programs offer 0% royalty rate for the first two years and a reduced royalty fee for the next three years for those franchisees that entered into agreements in 2014 and are committed to develop the shops within a specific time frame.
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Click to get this free report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Brinker International, Inc. ( EAT ), Denny's Corporation ( DENN ) and Darden Restaurants, Inc. ( DRI ). The brand, which plans to drive growth through both new and current franchisees, is looking to open a unit in Louisville by 2015-end.
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727448.0
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2014-12-22 00:00:00 UTC
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3 Restaurant Stocks That Surged in 2014 - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/3-restaurant-stocks-surged-2014-analyst-blog-2014-12-22
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nan
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nan
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An improving economic scenario bodes well for the restaurant industry. These stocks have gained over the year and are poised for the further gains next year. Falling oil prices , lower food inflation and an improving labor market have combined to create an environment which is favorable for the sector.
GDP and Employment
GDP numbers bounced back in the second and third quarters, increasing by 4.6% and 3.9% (second estimate). Real personal consumption expenditure fueled growth on both occasions. GDP had contracted 2.9% in the first quarter of 2014. This was the worst performance in five years.
Additionally, the economy added the most number of jobs in November since Jan 2012. The economy also added a minimum of 200,000 jobs for 10 straight-months in November. This turned out to be the longest stretch in more than 30 years.
Also, the average hourly earnings of American workers increased 0.4% in November, more than the consensus estimate of a rise by 0.2%. Investors also focused on the other part of the data that showed unemployment rate remained at a six-year low of 5.8%.
Falling Oil Prices
For the last six months, crude prices have continued to move lower. The decline in oil prices was a result of Saudi Arabia's decision to cut its supply price to U.S. customers in the face of abundant North American output. Experts believe that this move is aimed at Saudi Arabia trying to keep its market share in the U.S. while cutting down competitive pressure.
Brent crude price has slumped more than 48% since Jun 19. On Dec 16, Brent crude lost 2% to settle at $59.86 a barrel, its lowest level since May 19, 2009. On Dec 11, WTI Crude Oil had slumped 1.7% to settle at $59.95, its first drop below the $60 mark in five years.
Historical trends indicate that a continual fall in oil prices is beneficial for the restaurant sector. Along with the increase in employment and income, the slump in oil prices significantly increases the purchasing power of the consumer. Besides, the drive to a restaurant also becomes that much cheaper.
Lower Food Inflation
The Consumer Price Index (CPI) dropped 0.3% in November, witnessing its biggest decline since Dec 2008. The rate of decline was also wider than the consensus estimate of a 0.1% drop. Negative trend in oil prices seems to be the main reason behind this decline.
Meanwhile, corn and hog prices are expected to fall further. In September, corn futures slumped to their lowest level in five years. According to the USDA, corn prices are expected to move below $4 a bushel during the second half of next year and through 2016. This will result in a fall in the cost of feed and lower food costs overall. According to John Barone, president of Market Vision Inc., hog prices are expected to decline nearly 14.5% in 2015.
Our Choices
Below we present three stocks which will gain from these trends, each of which also has a good Zacks rank and strong year-to-date returns.
Denny's Corporation ( DENN ) is the owner and operator of the Denny's restaurant brand. The company has around 1,700 restaurants as of Feb 5, 2014. This includes, company owned, licensed and franchisee outlets as well as 100 restaurants in foreign countries. Denny's is based out of Spartanburg, SC.
Denny's holds a Zacks Rank #2 (Buy) and has expected earnings growth of 18.5%. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 26.83. The stock has gained 37.1% year-to-date.
Sonic Corp. ( SONC ) is the operator and franchiser of the Sonic Drive-Ins restaurant chain. The company operated around 3,518 Sonic Drive-In outlets across 44 states as of Aug 31, 2014. This includes 301 company-owned outlets. Sonic is based out of Oklahoma City, OK.
Apart from a Zacks Rank #2 (Buy), the company has current year expected earnings growth of 18.8%. It has a P/E (F1) of 26.10x. The stock has gained 29% year-to-date.
Cracker Barrel Old Country Store, Inc. ( CBRL ) is the developer and operator of the Cracker Barrel Old Country Store concept. These stores combine a restaurant with a gift shop and offer home style cooking for breakfast, lunch and dinner. The company operated 633 company-owned outlets as of Sep 18, 2014. Cracker Barrel is based out of Lebanon, TN.
Cracker Barrel holds a Zacks Rank #2 (Buy) and has expected earnings growth of 9.3%. It has a P/E (F1) of 21.87x. The stock has gained 22.3% year-to-date.
Higher growth and an improving labor market are good signs for the restaurant sector. A slump in fuel prices and the possibility of lower food inflation is also good news for such companies. Given these factors, adding these stocks to your portfolio would be a prudent choice.
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
CRACKER BARREL (CBRL): Free Stock Analysis Report
SONIC CORP (SONC): Free Stock Analysis Report
DENNY'S CORP (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.
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Denny's Corporation ( DENN ) is the owner and operator of the Denny's restaurant brand. Denny's is based out of Spartanburg, SC. Denny's holds a Zacks Rank #2 (Buy) and has expected earnings growth of 18.5%.
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Click to get this free report CRACKER BARREL (CBRL): Free Stock Analysis Report SONIC CORP (SONC): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) is the owner and operator of the Denny's restaurant brand. Denny's is based out of Spartanburg, SC.
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Click to get this free report CRACKER BARREL (CBRL): Free Stock Analysis Report SONIC CORP (SONC): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) is the owner and operator of the Denny's restaurant brand. Denny's is based out of Spartanburg, SC.
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Denny's Corporation ( DENN ) is the owner and operator of the Denny's restaurant brand. Denny's is based out of Spartanburg, SC. Denny's holds a Zacks Rank #2 (Buy) and has expected earnings growth of 18.5%.
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2014-12-12 00:00:00 UTC
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Mid-Morning Market Update: Markets Open Lower; Adobe Earnings Top Expectations
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DENN
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-open-lower-adobe-earnings-top-expectations-2014-12-12
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nan
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nan
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Following the market opening Friday, the Dow traded down 0.36 percent to 17,533.40 while the NASDAQ slipped 0.29 percent to 4,694.38. The S&P also fell, dropping 0.37 percent to 2,027.87.
Leading and Lagging Sectors
Cyclical consumer goods & services shares gained 0.03 percent in Friday's trading. Meanwhile, top gainers in the sector included Ctrip.com International (NASDAQ: CTRP ), up 4.7 percent, and Denny's (NASDAQ: DENN ), up 3.5 percent.
In trading on Friday, energy shares dropped by 1.29 percent. Meanwhile, top losers in the sector included Goodrich Petroleum (NYSE: GDP ), down 7.9 percent, and Rex Energy (NASDAQ: REXX ), off 7.6 percent.
Top Headline
On Thursday, Adobe Systems Incorporated (NASDAQ: ADBE ) posted fourth-quarter results that beat Wall Street's estimates and said its shift to cloud-based products outpaced its plan.
Net income in the recent quarter increased 12 percent to $23.3 million, or $0.14 a share, from $65.3 million, or $0.13 a share in the year-ago period. Excluding items, adjusted income equaled $0.36 a share.
Total revenue grew 2.9 percent to $1.07 billion from $1.03 billion a year earlier. Wall Street expected adjusted profits of $0.30 a share on revenue of $1.06 billion.
Equities Trading UP
ChemoCentryx (NASDAQ: CCXI ) shares shot up 66.82 percent to $7.49 as primary endpoint achieved in Phase II CCX140 trial.
Shares of Talisman Energy (NYSE: TLM ) got a boost, shooting up 37.26 percent to $5.07. Repsol finalized €4 billion offer for Talisman Energy, according to Spain's publication 'Expansion.'
Adobe Systems (NASDAQ: ADBE ) shares were also up, gaining 7.55 percent to $75.00 after the company posted better-than-expected fourth-quarter results and announced its plans to acquire privately-held Fotolia for around $800 million in cash.
Equities Trading DOWN
Caesars Entertainment (NASDAQ: CZR ) shares tumbled 12.08 percent to $13.07. Dow Jones reported that Caesars has reached a tentative debt-restructuring agreement for largest unit with senior bondholders, according to sources.
Shares of Goodrich Petroleum (NYSE: GDP ) were down 7.51 percent to $3.94. Analysts at JP Morgan downgraded Goodrich Petroleum from Overweight to Underweight and removed the price target of $27.
United Technologies (NYSE: UTX ) was down, falling 1.20 percent to $112.68 after the company issued a downbeat outlook for FY2014 and FY2015.
Commodities
In commodity news, oil traded down 2.54 percent to $58.43, while gold traded down 0.33 percent to $1,221.60.
Silver traded down 0.30 percent Friday to $17.06, while copper rose 0.02 percent to $2.92.
Eurozone
European shares were lower today. The eurozone's STOXX 600 fell 1.62 percent, the Spanish Ibex Index slipped 1.52 percent, while Italy's FTSE MIB Index declined 1.78 percent. Meanwhile, the German DAX dipped 1.56 percent and the French CAC 40 dropped 1.67 percent while UK shares declined 1.54 percent.
Economics
U.S. producer prices declined 0.2% in November, versus economists' expectations for a 0.1% drop.
The preliminary reading of Reuters/University of Michigan's consumer sentiment index rose to 93.80 in December, versus a prior reading of 88.80. However, economists were expecting a reading of 89.70.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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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.
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Meanwhile, top gainers in the sector included Ctrip.com International (NASDAQ: CTRP ), up 4.7 percent, and Denny's (NASDAQ: DENN ), up 3.5 percent. Top Headline On Thursday, Adobe Systems Incorporated (NASDAQ: ADBE ) posted fourth-quarter results that beat Wall Street's estimates and said its shift to cloud-based products outpaced its plan. Equities Trading UP ChemoCentryx (NASDAQ: CCXI ) shares shot up 66.82 percent to $7.49 as primary endpoint achieved in Phase II CCX140 trial.
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Meanwhile, top gainers in the sector included Ctrip.com International (NASDAQ: CTRP ), up 4.7 percent, and Denny's (NASDAQ: DENN ), up 3.5 percent. Meanwhile, top losers in the sector included Goodrich Petroleum (NYSE: GDP ), down 7.9 percent, and Rex Energy (NASDAQ: REXX ), off 7.6 percent. Top Headline On Thursday, Adobe Systems Incorporated (NASDAQ: ADBE ) posted fourth-quarter results that beat Wall Street's estimates and said its shift to cloud-based products outpaced its plan.
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Meanwhile, top gainers in the sector included Ctrip.com International (NASDAQ: CTRP ), up 4.7 percent, and Denny's (NASDAQ: DENN ), up 3.5 percent. Meanwhile, top losers in the sector included Goodrich Petroleum (NYSE: GDP ), down 7.9 percent, and Rex Energy (NASDAQ: REXX ), off 7.6 percent. The eurozone's STOXX 600 fell 1.62 percent, the Spanish Ibex Index slipped 1.52 percent, while Italy's FTSE MIB Index declined 1.78 percent.
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Meanwhile, top gainers in the sector included Ctrip.com International (NASDAQ: CTRP ), up 4.7 percent, and Denny's (NASDAQ: DENN ), up 3.5 percent. In trading on Friday, energy shares dropped by 1.29 percent. Meanwhile, top losers in the sector included Goodrich Petroleum (NYSE: GDP ), down 7.9 percent, and Rex Energy (NASDAQ: REXX ), off 7.6 percent.
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2014-11-25 00:00:00 UTC
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Denny's Corporation (DENN) Jumps: Stock Gains 7.9% - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/dennys-corporation-denn-jumps%3A-stock-gains-7.9-tale-of-the-tape-2014-11-25
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nan
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nan
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 24% in the past one-month time frame.
The company has seen two positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Denny's Corporation. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.
Denny's Corporation currently sports a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some other stocks worth considering in the retail restaurants industry include BJ's Restaurants, Inc. ( BJRI ), DineEquity, Inc. ( DIN ) and Ruby Tuesday, Inc. ( RT ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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 >>
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 CORP (DENN): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
DINEEQUITY INC (DIN): Free Stock Analysis Report
RUBY TUESDAY (RT): 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.
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The company has seen two positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Denny's Corporation. Denny's Corporation currently sports a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
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Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The company has seen two positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Denny's Corporation.
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The company has seen two positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Denny's Corporation. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 8% on the day.
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The company has seen two positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Denny's Corporation. Denny's Corporation currently sports a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%. Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 8% on the day.
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60ad6537-7808-4ac4-9ce2-271a4612bcc7
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727451.0
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2014-11-24 00:00:00 UTC
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Mid-Afternoon Market Update: Trina Solar Drops After Quarterly Results; Tetraphase Pharmaceuticals Shares Spike Higher
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DENN
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https://www.nasdaq.com/articles/mid-afternoon-market-update-trina-solar-drops-after-quarterly-results-tetraphase
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nan
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nan
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Toward the end of trading Monday, the Dow traded up 0.01 percent to 17,811.73 while the NASDAQ surged 0.77 percent to 4,749.11. The S&P also rose, gaining 0.24 percent to 2,068.47.
Leading and Lagging Sectors
In trading on Monday, cyclical consumer goods & services shares were relative leaders, up on the day by about 0.80 percent. Top gainers in the sector included hhgregg (NYSE: HGG ), up 12.8 percent, and Denny's (NASDAQ: DENN ), up 8.4 percent.
Energy sector was the top decliner in the US market on Monday. Top losers in the sector included Approach Resources (NASDAQ: AREX ), TransGlobe Energy (NASDAQ: TGA ), and LRR Energy, L.P. (NYSE: LRE ).
Top Headline
BioMarin Pharmaceutical (NASDAQ: BMRN ) announced its plans to acquire Prosensa Holding NV (NASDAQ: RNA ) for around $840 million, including milestone payments.
BioMarin will buy Prosensa for $17.75 per share, representing a 55% premium over Prosensa's closing price of $11.44 on Friday.
Equities Trading UP
Prosensa Holding N.V. (NASDAQ: RNA ) shares shot up 62.98 percent to $18.65 after BioMarin Pharmaceutical (NASDAQ: BMRN ) announced its plans to acquire Prosensa for $17.75 per share.
Shares of Platinum Underwriters Holdings (NYSE: PTP ) got a boost, shooting up 19.81 percent to $73.41 after the company agreed to be acquired by RenaissanceRe Holdings (NYSE: RNR ) for $76 per share.
Tetraphase Pharmaceuticals (NASDAQ: TTPH ) shares were also up, gaining 11.68 percent to $24.67. According to Bloomberg, Tetraphase Pharma is exploring sale options after being approached by potential buyers, people familiar with the matter said.
Equities Trading DOWN
Shares of Trina Solar (NYSE: TSL ) were down 5.40 percent to $10.34 on Q3 results. Trina Solar reported a rise in its profit for the third quarter and narrowed its full-year shipment forecast.
Chicago Bridge & Iron Company N.V. (NYSE: CBI ) shares tumbled 5.44 percent to $53.98 after analysts at Goldman Sachs downgraded the stock from Neutral to Sell and lowered the price target from $61 to $46.
Jacobs Engineering Group (NYSE: JEC ) was down, falling 3.17 percent to $47.53 after analysts at Goldman Sachs downgraded the stock from Neutral to Sell.
Commodities
In commodity news, oil traded down 0.85 percent to $75.86, while gold traded down 0.03 percent to $1,198.10.
Silver traded up 0.19 percent Monday to $16.49, while copper fell 0.87 percent to $3.00.
Eurozone
European shares were mostly higher today. The eurozone's STOXX 600 climbed 0.14 percent, the Spanish Ibex Index gained 1.16 percent, while Italy's FTSE MIB Index fell 0.14 percent. Meanwhile, the German DAX rose 0.54 percent and the French CAC 40 jumped 0.49 percent while UK shares fell 0.31 percent.
Economics
The Chicago Fed National Activity Index slipped to 0.14 in October, versus 0.29 in September. However, economists were expecting a reading of 0.33.
The preliminary reading of Markit Services PMI fell to 56.30 in November, versus a prior reading of 57.10. However, economists were expecting a reading of 57.30.
The Dallas Fed general business activity index came in at 10.50 in November, versus a prior reading of 10.50. However, economists were expecting a reading of 9.00.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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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.
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Top gainers in the sector included hhgregg (NYSE: HGG ), up 12.8 percent, and Denny's (NASDAQ: DENN ), up 8.4 percent. Leading and Lagging Sectors In trading on Monday, cyclical consumer goods & services shares were relative leaders, up on the day by about 0.80 percent. Chicago Bridge & Iron Company N.V. (NYSE: CBI ) shares tumbled 5.44 percent to $53.98 after analysts at Goldman Sachs downgraded the stock from Neutral to Sell and lowered the price target from $61 to $46.
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Top gainers in the sector included hhgregg (NYSE: HGG ), up 12.8 percent, and Denny's (NASDAQ: DENN ), up 8.4 percent. Top Headline BioMarin Pharmaceutical (NASDAQ: BMRN ) announced its plans to acquire Prosensa Holding NV (NASDAQ: RNA ) for around $840 million, including milestone payments. Equities Trading UP Prosensa Holding N.V. (NASDAQ: RNA ) shares shot up 62.98 percent to $18.65 after BioMarin Pharmaceutical (NASDAQ: BMRN ) announced its plans to acquire Prosensa for $17.75 per share.
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Top gainers in the sector included hhgregg (NYSE: HGG ), up 12.8 percent, and Denny's (NASDAQ: DENN ), up 8.4 percent. Equities Trading UP Prosensa Holding N.V. (NASDAQ: RNA ) shares shot up 62.98 percent to $18.65 after BioMarin Pharmaceutical (NASDAQ: BMRN ) announced its plans to acquire Prosensa for $17.75 per share. The eurozone's STOXX 600 climbed 0.14 percent, the Spanish Ibex Index gained 1.16 percent, while Italy's FTSE MIB Index fell 0.14 percent.
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Top gainers in the sector included hhgregg (NYSE: HGG ), up 12.8 percent, and Denny's (NASDAQ: DENN ), up 8.4 percent. Top Headline BioMarin Pharmaceutical (NASDAQ: BMRN ) announced its plans to acquire Prosensa Holding NV (NASDAQ: RNA ) for around $840 million, including milestone payments. Equities Trading DOWN Shares of Trina Solar (NYSE: TSL ) were down 5.40 percent to $10.34 on Q3 results.
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14bfaa1f-14d1-4134-b4cf-2dd27ff3affb
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727452.0
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2014-11-18 00:00:00 UTC
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Buffalo Wild Wings Puts Even More Technology on the Menu
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DENN
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https://www.nasdaq.com/articles/buffalo-wild-wings-puts-even-more-technology-menu-2014-11-18
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nan
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nan
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There's an app for that. Buffalo Wild Wings continues to expand what a restaurant experience means. Image: Buffalo Wild Wings.
Buffalo Wild Wings has found its footing again. In its third-quarter earnings report, the restaurant reported same-restaurant sales jumped 6% at company-owned restaurants and 5.7% at franchised locations. Tying into fantasy football leagues helped keep the sales momentum going through the quarter as restaurants hosted league drafting parties.
Overall revenue hit $373.5 million, up 18% over last year as net earnings increased almost 22% to $21.8 million. That followed strong results from rivals such as BJ's Restaurants , Red Robin Gourmet Burgers , Denny's , and Ignite Restaurant Group .
Buffalo Wild Wings, though, is giving its customers a more immersive experience than what they can find at these other chains, and B-Dubs Radio represents a unique chance to further engage with diners in a way that is not just about its food.
Although the company must avoid becoming distracted by the gee-whiz technology and remain focused on delivering a superior in-restaurant experience, fantasy-style and competitive sports games at their restaurants and contemporary music and exclusive sports content are brand building offerings that enhance the customer experience.
B-Dubs is first and foremost still a restaurant, but allowing itself to also be a gamer or DJ gives it many more opportunities to connect with customers and make itself that much more vital to them. Will you tune in to B-Dubs radio? Sound off in the comments section below.
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The article Buffalo Wild Wings Puts Even More Technology on the Menu originally appeared on Fool.com.
FollowRich Duprey 's coverage of all therestaurant industry'smost important news and developments. He has no position in any stocks mentioned. The Motley Fool recommends BJ's Restaurants and Buffalo Wild Wings. The Motley Fool owns shares of Buffalo Wild Wings. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. 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.
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That followed strong results from rivals such as BJ's Restaurants , Red Robin Gourmet Burgers , Denny's , and Ignite Restaurant Group . Buffalo Wild Wings, though, is giving its customers a more immersive experience than what they can find at these other chains, and B-Dubs Radio represents a unique chance to further engage with diners in a way that is not just about its food. Although the company must avoid becoming distracted by the gee-whiz technology and remain focused on delivering a superior in-restaurant experience, fantasy-style and competitive sports games at their restaurants and contemporary music and exclusive sports content are brand building offerings that enhance the customer experience.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. That followed strong results from rivals such as BJ's Restaurants , Red Robin Gourmet Burgers , Denny's , and Ignite Restaurant Group . The Motley Fool recommends BJ's Restaurants and Buffalo Wild Wings.
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That followed strong results from rivals such as BJ's Restaurants , Red Robin Gourmet Burgers , Denny's , and Ignite Restaurant Group . In its third-quarter earnings report, the restaurant reported same-restaurant sales jumped 6% at company-owned restaurants and 5.7% at franchised locations. The Motley Fool recommends BJ's Restaurants and Buffalo Wild Wings.
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That followed strong results from rivals such as BJ's Restaurants , Red Robin Gourmet Burgers , Denny's , and Ignite Restaurant Group . Buffalo Wild Wings continues to expand what a restaurant experience means. The Motley Fool recommends BJ's Restaurants and Buffalo Wild Wings.
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b6360f43-0f8a-4cc3-b4cf-1bc3a6347853
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727453.0
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2014-10-29 00:00:00 UTC
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Denny's Corp. (DENN) in Focus: Stock Adds 11.9% in Session - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/dennys-corp.-denn-in-focus%3A-stock-adds-11.9-in-session-tale-of-the-tape-2014-10-29
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nan
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nan
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up 21.86% over the past one-month time frame.
None of the estimates for this restaurateur were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Denny's Corporation has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%
Investors interested in the industry may also consider stocks like BJ's Restaurants, Inc. ( BJRI ), Carrols Restaurant Group, Inc. ( TAST ) and Jack in the Box Inc. ( JACK ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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 >>
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 CORP (DENN): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
JACK IN THE BOX (JACK): 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.
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Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 12% on the day. Denny's Corporation has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00% Investors interested in the industry may also consider stocks like BJ's Restaurants, Inc. ( BJRI ), Carrols Restaurant Group, Inc. ( TAST ) and Jack in the Box Inc. ( JACK ). Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Denny's Corporation has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00% Investors interested in the industry may also consider stocks like BJ's Restaurants, Inc. ( BJRI ), Carrols Restaurant Group, Inc. ( TAST ) and Jack in the Box Inc. ( JACK ). Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 12% on the day.
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Denny's Corporation has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00% Investors interested in the industry may also consider stocks like BJ's Restaurants, Inc. ( BJRI ), Carrols Restaurant Group, Inc. ( TAST ) and Jack in the Box Inc. ( JACK ). Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 12% on the day.
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Denny's Corporation has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00% Investors interested in the industry may also consider stocks like BJ's Restaurants, Inc. ( BJRI ), Carrols Restaurant Group, Inc. ( TAST ) and Jack in the Box Inc. ( JACK ). Denny's Corporation ( DENN ) was a big mover last session, as the company saw its shares rise nearly 12% on the day. Click to get this free report DENNY'S CORP (DENN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report To read this article on Zacks.com click here.
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e4a55cfd-9b65-458f-bf97-b47ffc19c89e
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727454.0
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2014-10-28 00:00:00 UTC
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Retail and Fast Food News: What You Need to Know
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DENN
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https://www.nasdaq.com/articles/retail-and-fast-food-news-what-you-need-know-2014-10-28
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nan
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nan
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In this edition of Where the Money Is , Motley Fool Analysts Nathan Hamilton and Sean O'Reilly discuss major events this week in the world of consumer goods stocks. To start, they discuss the ramifcations of the recent announcement that several well known retail names, including Best Buy( BBY ) and Wal-mart( WMT ) , are teaming up to create an alternative to Apple's( AAPL ) recently announced Apple Pay. They also discuss what Macy's( M ) recently announced store opening in Abu Dhabi, United Arab Emirates means for Macy's shareholders. Finally, they discuss recent earnings from the likes of Denny's( DENN ) and DineEquity(DIN) .
Apple Watch revealed: The real winner is inside
Apple recently revealed the product of its secret-development "dream team" -- Apple Watch. The secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see where the real money is to be made, just click here !
The article Retail and Fast Food News: What You Need to Know originally appeared on Fool.com.
Nathan Hamilton owns shares of Apple. Sean O'Reilly has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. 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.
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Finally, they discuss recent earnings from the likes of Denny's( DENN ) and DineEquity(DIN) . In this edition of Where the Money Is , Motley Fool Analysts Nathan Hamilton and Sean O'Reilly discuss major events this week in the world of consumer goods stocks. The secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad.
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Finally, they discuss recent earnings from the likes of Denny's( DENN ) and DineEquity(DIN) . In this edition of Where the Money Is , Motley Fool Analysts Nathan Hamilton and Sean O'Reilly discuss major events this week in the world of consumer goods stocks. Apple Watch revealed: The real winner is inside Apple recently revealed the product of its secret-development "dream team" -- Apple Watch.
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Finally, they discuss recent earnings from the likes of Denny's( DENN ) and DineEquity(DIN) . In this edition of Where the Money Is , Motley Fool Analysts Nathan Hamilton and Sean O'Reilly discuss major events this week in the world of consumer goods stocks. To start, they discuss the ramifcations of the recent announcement that several well known retail names, including Best Buy( BBY ) and Wal-mart( WMT ) , are teaming up to create an alternative to Apple's( AAPL ) recently announced Apple Pay.
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Finally, they discuss recent earnings from the likes of Denny's( DENN ) and DineEquity(DIN) . In this edition of Where the Money Is , Motley Fool Analysts Nathan Hamilton and Sean O'Reilly discuss major events this week in the world of consumer goods stocks. The Motley Fool recommends Apple.
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eb5a2e06-13b6-4e76-ac86-b9e66fde9e6d
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727455.0
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2014-09-13 00:00:00 UTC
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Believe It or Not, This Breakfast Chain Is Best for Starting Your Day Off Right
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DENN
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https://www.nasdaq.com/articles/believe-it-or-not-breakfast-chain-best-starting-your-day-right-2014-09-13
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nan
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nan
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Your mother always told you breakfast is the most important meal of the day, and doctors would tend to agree: A healthy breakfast provides a high level of nutrients, vitamins, and minerals; energy; and overall better health. That message has been drilled into our heads so often that almost two-thirds of consumers link breakfast with health and believe skipping it is detrimental.
The French-themed Mimi's Cafe is a chain of 145 restaurants sprawled across 24 states in the south and southwest that had been acquired by Bob Evans Farms in 2004, but was subsequently sold last year to a French bakery and restaurant operator.
In its last full year with Bob Evans (2012), Mimi's generated $366 million in revenues, down almost 4% from the year before. Considering it had been in a prolonged same-store sales slump, which was what had caused its then-parent to initiate the divestiture, it's somewhat surprising diners find it to be their top choice.
Certainly looks a heckuva lot healthier than bacon and eggs. Source: Mimi's Cafe.
Same store sales, or comps, are an important retail metric because they gauge how a business is growing organically, unencumbered by store expansion or other artificial means. Bob Evans had paid $103 million for the French cafe chain, plus the assumption of about $79 million in debt. It sold it almost a decade later for $50 million.
Wake up to opportunity
Perhaps what attracts patrons to Mimi's is that it's a full-service restaurant reminiscent of a French chateau, imbuing the charm of a Parisian bistro in your own neighborhood.
Even if researchers today challenge mom's notion that breakfast is the key meal of the day, restaurants will still try to make the most of it, and we'll see more emphasis placed on the daypart. And that means investors may want to start looking here for ideas, too.
The real winner is behind the Apple Watch (warning, it may shock you)
Apple recently revealed the product of its secret-development "dream team" -- Apple Watch. The secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see where the real money is to be made, just click here !
The article Believe It or Not, This Breakfast Chain Is Best for Starting Your Day Off Right originally appeared on Fool.com.
Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends McDonald's. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. 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.
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Considering it had been in a prolonged same-store sales slump, which was what had caused its then-parent to initiate the divestiture, it's somewhat surprising diners find it to be their top choice. Wake up to opportunity Perhaps what attracts patrons to Mimi's is that it's a full-service restaurant reminiscent of a French chateau, imbuing the charm of a Parisian bistro in your own neighborhood. Even if researchers today challenge mom's notion that breakfast is the key meal of the day, restaurants will still try to make the most of it, and we'll see more emphasis placed on the daypart.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Bob Evans had paid $103 million for the French cafe chain, plus the assumption of about $79 million in debt.
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Your mother always told you breakfast is the most important meal of the day, and doctors would tend to agree: A healthy breakfast provides a high level of nutrients, vitamins, and minerals; energy; and overall better health. The French-themed Mimi's Cafe is a chain of 145 restaurants sprawled across 24 states in the south and southwest that had been acquired by Bob Evans Farms in 2004, but was subsequently sold last year to a French bakery and restaurant operator. The real winner is behind the Apple Watch (warning, it may shock you) Apple recently revealed the product of its secret-development "dream team" -- Apple Watch.
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The French-themed Mimi's Cafe is a chain of 145 restaurants sprawled across 24 states in the south and southwest that had been acquired by Bob Evans Farms in 2004, but was subsequently sold last year to a French bakery and restaurant operator. And that means investors may want to start looking here for ideas, too. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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e754ceb7-9f37-4aed-8299-d390f27483a1
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727456.0
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2014-09-09 00:00:00 UTC
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Restaurant Sales Accelerate: 3 Stocks to Satisfy Your Hunger - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/restaurant-sales-accelerate%3A-3-stocks-to-satisfy-your-hunger-analyst-blog-2014-09-09
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nan
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nan
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August turned out to be the best month in terms of sales growth for the Restaurant industry since Feb 2012. According to Black Box Intelligence and People Report, the industry registered same-store sales growth of 2.1% in August, a significant improvement from July's growth rate of 0.5%.
Victor Fernandez, Director of Insights and Knowledge for TDn2K said "To put this into perspective, the last time year-over-year same-store sales jumped by over 1.0% from one month to the next was from February to March of this year, as the industry climbed its way up from the terrible winter sales results."
This positive same-store-sales growth was not limited to just certain parts of the country. However, this upbeat August same-store sales data compared unfavorably with the last two years. The industry's same-store-sales increased by 2.3% in August over the past two years.
Traffic declined by 0.5% in August. However, that is a 1.1% improvement from July. This was the best traffic result since Nov 2013. Separately, the Dow Jones U.S. Restaurants & Bars Index (DJUSRU) gained almost 0.7% in August after a drop of 2.1% in July.
Such a vigorous performance was due to the economy gaining traction. Disposable personal income, a key determinant for the restaurant industry, accelerated to almost 2% annually in July. Another key factor is average gas prices, which dipped below the $3.50 per gallon mark. This is good news since, according to Black Box Intelligence, prices staying at this level negatively affects restaurant sales.
Apart from strong August sales, the restaurant industry showcases an optimistic outlook for the second half of 2014.
Promising Growth Trends
As of July 2014, the National Restaurant Association's Restaurant Performance Index (RPI) stood at 101. It was the 17th successive month the index remained above 100, indicating expansion in the key industry indicators - same-store sales, traffic, labor and capital expenditures.
The Current Situation Index came in at 100.7 in July. It was the 5th consecutive month the Index remained above 100. This also connotes expansion in current trends in the four industry indicators. The Expectations Index stood at 101.2 in July, the 21 st instance of it remaining above 100. This shows a buoyant outlook among restaurant operators for the coming months.
About 47% of restaurant operators expect higher sales in six months, way above 13% of those who expect sales to go down. Over 50% of operators are planning capital expenditure in the months ahead. People Report's latest numbers also showed restaurant jobs increased 4.4% year over year in July, up 0.6% from June.
Moreover, restaurant operators have started finding ways to tackle food cost inflation that has been plaguing the industry in recent times. Due to the highly price sensitive nature of the sector, operators are trying to cut costs, by changing what they serve on plate.
Combatting Rising Food Costs
Here are some of the strategies operators have lately adopted:
Expanding Contracts : Mancy's Steakhouse - with its four restaurants in Toledo, Ohio - entered into a 12-month contract with its top meat supplier in order to curtail future price rise.
Redirection : Some operators have started to distract customers from beef items by luring them to pork and chicken items that has lower cost. Wholesale beef prices are forecasted to jump by 8%-9% in 2014. Stonewood Grill & Tavern, based in Ormond Beach, for example have added two chicken dishes and shrimp scampi to their non-beef menu.
Going Small : Some operators are also reducing the size of steaks. Take Mancy's Steakhouse for example - they have three news steaks on the menu that are typically of smaller size than what one could have found in the last few years.
3 Restaurant Stocks to Buy Now
Jamba, Inc. ( JMBA ) is a California-based restaurateur providing beverage and food offerings. In the past two months, the Zacks Consensus Estimate for the current year revised 16.2% higher.
Current year expected earnings growth rate for this Zacks Rank #1 (Strong Buy) stock is 377.8%, way above the industry average of 14.3%. The forward price-to-earnings ratio (P/E) of the stock is 33.8, lower than the industry average of 45.6. The stock gained 4% in the last four weeks.
Domino's Pizza, Inc. ( DPZ ) operates as a pizza delivery company through its subsidiaries in the United States and internationally. Over the past two months, the stock has seen the Zacks Consensus Estimate for the current year moving 1.1% higher.
Moreover, current year expected earnings growth rate for this Zacks Rank #2 (Buy) stock is 17.2%, above the industry growth rate. The stock trades at a forward P/E of 26.6x, a significant discount to the industry average. The stock gained 5.6% in the last four weeks.
Denny's Corporation ( DENN ) is a full-service pancake house/coffee shop/fast casual family restaurant chain. Over the past two months, the Zacks Consensus Estimates for the current year witnessed a 5.9% upward revision.
This year's expected earnings growth rate for this Zacks Rank #2 (Buy) stock is 15.3%. It trades at an attractive P/E of 19.7x. The stock gained 2.8% in the last four weeks.
Bottom Line
It will be a prudent idea to bet on these three eateries that are well-positioned to outpace the industry and are fundamentally strong enough to withstand risks. Further, increasing global presence and increasing supply chain revenues will help these eateries stay afloat.
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DOMINOS PIZZA (DPZ): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
JAMBA INC (JMBA): 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.
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Denny's Corporation ( DENN ) is a full-service pancake house/coffee shop/fast casual family restaurant chain. Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report JAMBA INC (JMBA): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, restaurant operators have started finding ways to tackle food cost inflation that has been plaguing the industry in recent times.
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Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report JAMBA INC (JMBA): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) is a full-service pancake house/coffee shop/fast casual family restaurant chain. According to Black Box Intelligence and People Report, the industry registered same-store sales growth of 2.1% in August, a significant improvement from July's growth rate of 0.5%.
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Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report JAMBA INC (JMBA): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) is a full-service pancake house/coffee shop/fast casual family restaurant chain. Current year expected earnings growth rate for this Zacks Rank #1 (Strong Buy) stock is 377.8%, way above the industry average of 14.3%.
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Denny's Corporation ( DENN ) is a full-service pancake house/coffee shop/fast casual family restaurant chain. Click to get this free report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report JAMBA INC (JMBA): Free Stock Analysis Report To read this article on Zacks.com click here. According to Black Box Intelligence and People Report, the industry registered same-store sales growth of 2.1% in August, a significant improvement from July's growth rate of 0.5%.
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c9249454-45e4-4220-b645-a5896a849902
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727457.0
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2014-08-11 00:00:00 UTC
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Looking for a Growth Stock? Why It is Time to Focus on Denny's (DENN) - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/looking-for-a-growth-stock-why-it-is-time-to-focus-on-dennys-denn-tale-of-the-tape-2014-08
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nan
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nan
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Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). This firm, which is in the Retail-Restaurants, saw EPS growth of 19.2% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 15.3%. Furthermore, the long-term growth rate is currently an impressive 16.5%, suggesting pretty good prospects for the long haul.
And if this wasn't enough, the stock has actually seen estimates rise over
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One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. Furthermore, the long-term growth rate is currently an impressive 16.5%, suggesting pretty good prospects for the long haul.
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One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
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One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses. This firm, which is in the Retail-Restaurants, saw EPS growth of 19.2% last year, and is looking great for this year too.
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One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
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0e0f8b06-65bb-426c-93ed-6e6506b7532d
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727458.0
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2014-08-06 00:00:00 UTC
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Jamba (JMBA) Soars: Stock Adds 11.3% in Session - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/jamba-jmba-soars%3A-stock-adds-11.3-in-session-tale-of-the-tape-2014-08-06
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nan
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nan
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Jamba, Inc. ( JMBA ) was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $11.34 to $12.58 in the past one-month time frame.
The company has seen no estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Jamba currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Other well performing retail restaurant stocks that are worth considering include BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ). While BJ's Restaurants and Chipotle Mexican Grill sport the same Zacks Rank as Jamba, Denny's has a Zacks Rank #2 (Buy).
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 >>
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
JAMBA INC (JMBA): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
CHIPOTLE MEXICN (CMG): Free Stock Analysis Report
DENNY'S CORP (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.
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Other well performing retail restaurant stocks that are worth considering include BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ). While BJ's Restaurants and Chipotle Mexican Grill sport the same Zacks Rank as Jamba, Denny's has a Zacks Rank #2 (Buy). Click to get this free report JAMBA INC (JMBA): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Other well performing retail restaurant stocks that are worth considering include BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ). While BJ's Restaurants and Chipotle Mexican Grill sport the same Zacks Rank as Jamba, Denny's has a Zacks Rank #2 (Buy). Click to get this free report JAMBA INC (JMBA): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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While BJ's Restaurants and Chipotle Mexican Grill sport the same Zacks Rank as Jamba, Denny's has a Zacks Rank #2 (Buy). Click to get this free report JAMBA INC (JMBA): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Other well performing retail restaurant stocks that are worth considering include BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ).
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Other well performing retail restaurant stocks that are worth considering include BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ). While BJ's Restaurants and Chipotle Mexican Grill sport the same Zacks Rank as Jamba, Denny's has a Zacks Rank #2 (Buy). Click to get this free report JAMBA INC (JMBA): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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15e4e150-455b-47c2-91dc-c838fdfb5f1f
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727459.0
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2014-08-04 00:00:00 UTC
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Bravo Brio Restaurant Group (BBRG) in Focus: Stock Falls 6.6% - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/bravo-brio-restaurant-group-bbrg-in-focus%3A-stock-falls-6.6-tale-of-the-tape-2014-08-04
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nan
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nan
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Bravo Brio Restaurant Group, Inc. ( BBRG ) saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BBRG, as the stock is now down more than 14.2% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the company has seen five negative revisions in the past few weeks and its current year estimates have moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
BBRG currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.0%.
Some better-ranked stocks in the services sector include Burger King Worldwide, Inc. (BKW), Denny's Corporation (DENN) and Domino's Pizza, Inc. (DPZ). All these stocks carry a Zacks Rank # 2 (Buy).
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 >>
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
BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report
BURGER KING WWD (BKW): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
DOMINOS PIZZA (DPZ): 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.
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Some better-ranked stocks in the services sector include Burger King Worldwide, Inc. (BKW), Denny's Corporation (DENN) and Domino's Pizza, Inc. (DPZ). Click to get this free report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report To read this article on Zacks.com click here. Bravo Brio Restaurant Group, Inc. ( BBRG ) saw a big move last session, as the company's shares fell nearly 7% on the day.
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Some better-ranked stocks in the services sector include Burger King Worldwide, Inc. (BKW), Denny's Corporation (DENN) and Domino's Pizza, Inc. (DPZ). Click to get this free report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the services sector include Burger King Worldwide, Inc. (BKW), Denny's Corporation (DENN) and Domino's Pizza, Inc. (DPZ). Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Some better-ranked stocks in the services sector include Burger King Worldwide, Inc. (BKW), Denny's Corporation (DENN) and Domino's Pizza, Inc. (DPZ). Click to get this free report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report To read this article on Zacks.com click here. Bravo Brio Restaurant Group, Inc. ( BBRG ) saw a big move last session, as the company's shares fell nearly 7% on the day.
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3c3525bd-d490-4d28-a1aa-dd9b9d76e0b5
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727460.0
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2014-07-30 00:00:00 UTC
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DineEquity (DIN) Rises: Shares Adds 6% in Session - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/dineequity-din-rises%3A-shares-adds-6-in-session-tale-of-the-tape-2014-07-30
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nan
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nan
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DineEquity, Inc. ( DIN ) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $75.99 to $80.08 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
DineEquity currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the restaurant industry may consider stocks like BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ). While BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), Chipotle Mexican Grill and Denny's Corporation have the same Zacks Rank as DineEquity.
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 >>
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
DINEEQUITY INC (DIN): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
CHIPOTLE MEXICN (CMG): Free Stock Analysis Report
DENNY'S CORP (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.
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Investors interested in the restaurant industry may consider stocks like BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ). While BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), Chipotle Mexican Grill and Denny's Corporation have the same Zacks Rank as DineEquity. Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in the restaurant industry may consider stocks like BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ). While BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), Chipotle Mexican Grill and Denny's Corporation have the same Zacks Rank as DineEquity. Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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While BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), Chipotle Mexican Grill and Denny's Corporation have the same Zacks Rank as DineEquity. Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the restaurant industry may consider stocks like BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ).
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Investors interested in the restaurant industry may consider stocks like BJ's Restaurants, Inc. ( BJRI ), Chipotle Mexican Grill, Inc. ( CMG ) and Denny's Corporation ( DENN ). While BJ's Restaurants sports a Zacks Rank #1 (Strong Buy), Chipotle Mexican Grill and Denny's Corporation have the same Zacks Rank as DineEquity. Click to get this free report DINEEQUITY INC (DIN): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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a243b5ae-955b-44f6-a96d-956d3fe8e4e4
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727461.0
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2014-07-09 00:00:00 UTC
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First Week of February 2015 Options Trading For Denny's
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DENN
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https://www.nasdaq.com/articles/first-week-february-2015-options-trading-dennys-2014-07-09
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nan
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nan
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Investors in Denny's Corp (Symbol: DENN) saw new options become available this week, for the February 2015 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 226 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DENN options chain for the new February 2015 contracts and identified one put and one call contract of particular interest.
The put contract at the $5.00 strike price has a current bid of 5 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $5.00, but will also collect the premium, putting the cost basis of the shares at $4.95 (before broker commissions). To an investor already interested in purchasing shares of DENN, that could represent an attractive alternative to paying $6.46/share today.
Because the $5.00 strike represents an approximate 23% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 83%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 1.00% return on the cash commitment, or 1.61% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $5.00 strike is located relative to that history:
Top YieldBoost Calls 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.
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Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $5.00 strike is located relative to that history: Top YieldBoost Calls 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. Investors in Denny's Corp (Symbol: DENN) saw new options become available this week, for the February 2015 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DENN options chain for the new February 2015 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $5.00 strike is located relative to that history: Top YieldBoost Calls 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. Investors in Denny's Corp (Symbol: DENN) saw new options become available this week, for the February 2015 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DENN options chain for the new February 2015 contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DENN options chain for the new February 2015 contracts and identified one put and one call contract of particular interest. Below is a chart showing the trailing twelve month trading history for Denny's Corp, and highlighting in green where the $5.00 strike is located relative to that history: Top YieldBoost Calls 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. Investors in Denny's Corp (Symbol: DENN) saw new options become available this week, for the February 2015 expiration.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DENN options chain for the new February 2015 contracts and identified one put and one call contract of particular interest. Investors in Denny's Corp (Symbol: DENN) saw new options become available this week, for the February 2015 expiration. To an investor already interested in purchasing shares of DENN, that could represent an attractive alternative to paying $6.46/share today.
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4d227ea6-c94e-456c-88c1-7acc9fdd3284
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727462.0
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2014-06-13 00:00:00 UTC
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Famous Dave's Crumbles: DAVE Falls 5.4% in Session - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/famous-daves-crumbles%3A-dave-falls-5.4-in-session-tale-of-the-tape-2014-06-13
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nan
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nan
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Famous Dave's of America Inc. ( DAVE ) saw a big move last session, as the company's shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for DAVE, as the stock is now up over 13% in the past one-month time frame.
This Restaurants company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
DAVE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Restaurant Retail industry include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). All these stocks carry a Zacks rank #2 (Buy).
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 >>
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
FAMOUS DAVES (DAVE): Free Stock Analysis Report
BURGER KING WWD (BKW): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
DENNY'S CORP (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.
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Some better-ranked stocks in the Restaurant Retail industry include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). Click to get this free report FAMOUS DAVES (DAVE): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. The move came on pretty good volume too with far more shares changing hands than in a normal session.
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Some better-ranked stocks in the Restaurant Retail industry include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). Click to get this free report FAMOUS DAVES (DAVE): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DENNY'S CORP (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.
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Click to get this free report FAMOUS DAVES (DAVE): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Restaurant Retail industry include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). Famous Dave's of America Inc. ( DAVE ) saw a big move last session, as the company's shares fell over 5% on the day.
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Some better-ranked stocks in the Restaurant Retail industry include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). Click to get this free report FAMOUS DAVES (DAVE): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Famous Dave's of America Inc. ( DAVE ) saw a big move last session, as the company's shares fell over 5% on the day.
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2a9615ac-50a1-4f83-b8ca-530de29a6077
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727463.0
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2014-06-04 00:00:00 UTC
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Einstein Noah Restaurant (BAGL) in Focus: Stock Falls by 4.9% - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/einstein-noah-restaurant-bagl-in-focus%3A-stock-falls-by-4.9-tale-of-the-tape-2014-06-04
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nan
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nan
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Einstein Noah Restaurant Group, Inc. ( BAGL ) saw a big move last session, as the company's shares fell about 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BAGL, as the stock is now down nearly 5% in the past one-month time frame.
The company which is in the restaurant industry space has seen a mixed track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
BAGL currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.
Some better-ranked stocks in the same sector include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). All these carry a Zacks Rank #1 (Strong Buy).
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 >>
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
EINSTEIN NOAH (BAGL): Free Stock Analysis Report
BURGER KING WWD (BKW): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
DENNY'S CORP (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.
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Some better-ranked stocks in the same sector include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). Click to get this free report EINSTEIN NOAH (BAGL): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Einstein Noah Restaurant Group, Inc. ( BAGL ) saw a big move last session, as the company's shares fell about 5% on the day.
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Some better-ranked stocks in the same sector include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). Click to get this free report EINSTEIN NOAH (BAGL): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DENNY'S CORP (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.
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Click to get this free report EINSTEIN NOAH (BAGL): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Some better-ranked stocks in the same sector include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corporation ( DENN ). Click to get this free report EINSTEIN NOAH (BAGL): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Einstein Noah Restaurant Group, Inc. ( BAGL ) saw a big move last session, as the company's shares fell about 5% on the day.
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12de0a97-7d78-4212-9d6e-0538043acec6
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727464.0
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2014-05-30 00:00:00 UTC
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Popeyes Louisiana Kitchen (PLKI) Jumps: Stock Soars 14.5% - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/popeyes-louisiana-kitchen-plki-jumps%3A-stock-soars-14.5-tale-of-the-tape-2014-05-30
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nan
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nan
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Popeyes Louisiana Kitchen, Inc. ( PLKI ) was a big mover last session with shares rising over 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading way above the past one month's volatile price range of $36.34 to $38.19.
This restaurant chain has seen one positive estimate revision in the last 30 days. However, the Zacks Consensus Estimate has remained unchanged over the same period. Yesterday's rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Popeyes Louisiana Kitchen currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the restaurant industry can also consider other well-placed stocks like Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corp. ( DENN ). While BWLD sports a Zacks Rank #1 (Strong Buy), BKW and DENN bear a Zacks Rank #2 (Buy).
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 >>
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
POPEYES LA KTCH (PLKI): Free Stock Analysis Report
BUFFALO WLD WNG (BWLD): Free Stock Analysis Report
BURGER KING WWD (BKW): Free Stock Analysis Report
DENNY'S CORP (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.
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Investors interested in the restaurant industry can also consider other well-placed stocks like Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corp. ( DENN ). While BWLD sports a Zacks Rank #1 (Strong Buy), BKW and DENN bear a Zacks Rank #2 (Buy). Click to get this free report POPEYES LA KTCH (PLKI): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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While BWLD sports a Zacks Rank #1 (Strong Buy), BKW and DENN bear a Zacks Rank #2 (Buy). Click to get this free report POPEYES LA KTCH (PLKI): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the restaurant industry can also consider other well-placed stocks like Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corp. ( DENN ).
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While BWLD sports a Zacks Rank #1 (Strong Buy), BKW and DENN bear a Zacks Rank #2 (Buy). Click to get this free report POPEYES LA KTCH (PLKI): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the restaurant industry can also consider other well-placed stocks like Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corp. ( DENN ).
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Investors interested in the restaurant industry can also consider other well-placed stocks like Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corp. ( DENN ). While BWLD sports a Zacks Rank #1 (Strong Buy), BKW and DENN bear a Zacks Rank #2 (Buy). Click to get this free report POPEYES LA KTCH (PLKI): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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323f8501-d55b-477c-b246-4e1f10569db9
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727465.0
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2014-05-27 00:00:00 UTC
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Buffalo Wild Wings Strategies Paying Off - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/buffalo-wild-wings-strategies-paying-off-analyst-blog-2014-05-27
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nan
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nan
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On May 23, 2014, we issued an updated research report on Buffalo Wild Wings Inc. ( BWLD ).
On Apr 28, this restaurant chain posted solid first quarter 2014 results with earnings and revenue beating the Zacks Consensus Estimate. Driven by the better-than-expected results, the company increased its financial outlook for 2014. The company forecasts earnings to increase 25.0% year over year, higher than the prior expectation of 20.0%.
Adjusted earnings of $1.49 were up year over year driven by solid top-line growth and lower cost of sales. Moreover, total revenue increased 20.9% year over year, thanks to strong comps and new unit openings. Buffalo Wild Wings registered company-owned comps growth of 6.6% owing to the shift of Easter to the second quarter of 2014 and the National Collegiate Athletic Association (NCAA) tournament that drove traffic to the restaurants. The company has been consistently posting positive comps for the past two years.
Buffalo Wild Wings' cost of sales ratio improved in the first quarter, benefiting from lower wing costs. The restaurateur's initiative to serve wings by portion helped lower the cost of sales ratio. In 2013, Buffalo Wild Wings successfully changed its traditional way of menu serving. The company now serves its boneless wings based on weight, rather than by the number of wings.
Owing to the continuous shift in sales mix to boneless wings, the company's operating margin is improving. The company expects to benefit from this strategy in the second quarter of the year also.
Buffalo Wild Wings started the 'guest experience business model' in Jul 2013 to increase traffic. Under the model, the company is installing tablets in all of its restaurants to provide exclusive social gaming opportunities to each customer.
Apart from this, the company also stresses on advertising initiatives, installing new point-of-sales programs, improving supply chain management, remodeling initiatives and its loyalty program to augment sales. Further, we are encouraged by the company's strong market standing, new menu launches and increased media exposure.
Also, its association with the NCAA increases its visibility as a brand. The company's three-year collaboration with NCAA has allowed it to be an authorized hangout for the NCAA March Madness sport series. The company plans to spend on promotions and encourage sports enthusiasts to watch the 2014 FIFA World Cup tournament at its restaurants. We believe these initiatives will contribute robustly to Buffalo Wild Wings' business in the near future.
Over the last 30 days, estimates for 2014 and 2015 of this Zacks Rank #1 (Strong Buy) company largely moved up, driven by strong results and an improved outlook for the year.
Other players in the restaurant industry, which look attractive at current levels, include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corp. ( DENN ). All these stocks carry a Zacks Rank #2 (Buy).
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
BURGER KING WWD (BKW): Free Stock Analysis Report
BUFFALO WLD WNG (BWLD): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
CARROLS RESTRNT (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.
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Other players in the restaurant industry, which look attractive at current levels, include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corp. ( DENN ). Click to get this free report BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. On Apr 28, this restaurant chain posted solid first quarter 2014 results with earnings and revenue beating the Zacks Consensus Estimate.
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Click to get this free report BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. Other players in the restaurant industry, which look attractive at current levels, include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corp. ( DENN ). Buffalo Wild Wings' cost of sales ratio improved in the first quarter, benefiting from lower wing costs.
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Click to get this free report BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. Other players in the restaurant industry, which look attractive at current levels, include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corp. ( DENN ). Buffalo Wild Wings' cost of sales ratio improved in the first quarter, benefiting from lower wing costs.
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Other players in the restaurant industry, which look attractive at current levels, include Burger King Worldwide, Inc. ( BKW ), Carrols Restaurant Group, Inc. ( TAST ) and Denny's Corp. ( DENN ). Click to get this free report BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report To read this article on Zacks.com click here. Adjusted earnings of $1.49 were up year over year driven by solid top-line growth and lower cost of sales.
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c7b227f9-baed-4d8f-93a9-58150aa0d0a2
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727466.0
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2014-05-21 00:00:00 UTC
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Red Robin Gourmet Burgers (RRGB) Surges: Stock Moves 12.5% Higher - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/red-robin-gourmet-burgers-rrgb-surges%3A-stock-moves-12.5-higher-tale-of-the-tape-2014-05-21
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nan
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nan
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Red Robin Gourmet Burgers Inc. ( RRGB ) was a big mover last session, as the company saw its shares rise by over12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.94 to $68.24 in the past one-month time frame.
This restaurant services company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Red Robin Gourmet Burgers currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some stocks in the same industry looking equally good include Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corporation ( DENN ). While Buffalo Wild Wings holds a Zacks Rank #1 (Strong Buy), Burger King Worldwide and Denny's Corporation carry a Zacks Rank #2 (Buy).
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 >>
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
BURGER KING WWD (BKW): Free Stock Analysis Report
BUFFALO WLD WNG (BWLD): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): 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.
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Some stocks in the same industry looking equally good include Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corporation ( DENN ). While Buffalo Wild Wings holds a Zacks Rank #1 (Strong Buy), Burger King Worldwide and Denny's Corporation carry a Zacks Rank #2 (Buy). Click to get this free report BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report To read this article on Zacks.com click here.
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Some stocks in the same industry looking equally good include Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corporation ( DENN ). While Buffalo Wild Wings holds a Zacks Rank #1 (Strong Buy), Burger King Worldwide and Denny's Corporation carry a Zacks Rank #2 (Buy). Click to get this free report BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report To read this article on Zacks.com click here.
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While Buffalo Wild Wings holds a Zacks Rank #1 (Strong Buy), Burger King Worldwide and Denny's Corporation carry a Zacks Rank #2 (Buy). Click to get this free report BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report To read this article on Zacks.com click here. Some stocks in the same industry looking equally good include Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corporation ( DENN ).
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Some stocks in the same industry looking equally good include Buffalo Wild Wings Inc. ( BWLD ), Burger King Worldwide, Inc. ( BKW ) and Denny's Corporation ( DENN ). While Buffalo Wild Wings holds a Zacks Rank #1 (Strong Buy), Burger King Worldwide and Denny's Corporation carry a Zacks Rank #2 (Buy). Click to get this free report BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report To read this article on Zacks.com click here.
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bead3c7d-408a-40ba-8d3f-be40c93a2b96
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727467.0
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2014-05-07 00:00:00 UTC
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Restaurants Shine: 2 Delicious Choices - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/restaurants-shine-2-delicious-choices-analyst-blog-2014-05-07
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nan
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nan
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Following the economic sluggishness this past winter, the economy is now gaining momentum. This has been reflected in a series of reports, one of which has revealed that the manufacturing sector had expanded in April at the quickest pace since end last year. Monday's data on the services sector also reflected an upbeat trend, indicating that growth was occurring across sectors.
Services Sector Expands
The ISM non-manufacturing index increased to 55.2 in April from 53.1 in March. This is the highest level for the index since the month of August. The new orders index increased 4.8 points to 58.2%. 14 of the 18 industries covered by the report expanded last month.
These industries include construction, retailers and restaurants. Data from the report indicates that the economy is on the verge of recovering from a weak first quarter. Lack of growth during that period has been attributed to a long and arduous winter season.
Meanwhile, the employment rate has declined to 6.3% according government data released on Friday, beating most expectations. 288,000 jobs have been added in April, creating further optimism about the economy.
Restaurant Performance Index Surges
Coming to the restaurant sector in particular, recently released data suggests that restaurant performance has increased significantly. As per data from the National Restaurant Association, its Restaurant Performance Index increased to its highest level in 10 months during the month of March.
The index increased from 100.5 in February to 101.4 in March. This is the 13th consecutive month that the index has remained above 100, which signals growth in all key industry indicators. More significantly, 55% of restaurant operators have experienced a higher level of same store sales from March 2013 to March 2014.
46% of restaurant operators experienced higher customer traffic during the same period. Additionally, operators are more optimistic about an increase in sales in the future. 49% believe that sales will increase in a six-month period compared to 40% in the month of February. This is the highest level witnessed over the last two years.
An expansion in the service sector as a whole and a growth in industry specific indicators imply that the restaurant sector makes for a good investment choice. Below we present two restaurant stocks which possess the potential to grow appreciably, each of which also has a good Zacks rank.
Ruth's Hospitality Group Inc.
Ruth's Hospitality Group Inc. ( RUTH ) is a company with global operations which focuses on upscale dining. The company owns the following concepts: Mitchell's Fish Market, Ruth's Chris Steak House, Mitchell's Steakhouse, Columbus Fish Market and Cameron's Steakhouse.
The company has its headquarters in Winter Park, Florida and was founded in 1965. Ruth's Hospitality Group, Inc had 150 franchised and company owned restaurants as of February 21, 2014.
The company holds a Zacks Rank #2 (Buy) and has expected earnings growth of 7.90%. The forward price-to-earnings Ratios (P/E) for the current financial year (F1) is 16.91.
Denny's Corporation
Denny's Corporation ( DENN ) owns and operates the Denny's restaurant brand via its subsidiary company Denny's, Inc. The company has its headquarters in Spartanburg, South Carolina and was founded in 1980.
The company had around 1,700 company owned, licensed and franchised restaurants as of February 5, 2014. Denny's Corporation has 100 restaurants across the world. These include outlets in Honduras, Guam, Curaçao, Puerto Rico, Canada, Costa Rica, Mexico, the Dominican Republic, Chile, El Salvador, and New Zealand.
Currently the company holds a Zacks Rank #2 (Buy), and has expected earnings growth of 14.80% It has a P/E (F1) of 18.51.
As the economy continues to pick up speed and employment opportunities grow, spending at restaurants is also set to increase. This is why these two choices would make excellent additions to your portfolios.
DENNY'S CORP (DENN): Free Stock Analysis Report
RUTHS HOSPITLTY (RUTH): 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.
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Denny's Corporation Denny's Corporation ( DENN ) owns and operates the Denny's restaurant brand via its subsidiary company Denny's, Inc. Denny's Corporation has 100 restaurants across the world. DENNY'S CORP (DENN): Free Stock Analysis Report RUTHS HOSPITLTY (RUTH): Free Stock Analysis Report To read this article on Zacks.com click here.
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Denny's Corporation Denny's Corporation ( DENN ) owns and operates the Denny's restaurant brand via its subsidiary company Denny's, Inc. DENNY'S CORP (DENN): Free Stock Analysis Report RUTHS HOSPITLTY (RUTH): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation has 100 restaurants across the world.
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Denny's Corporation Denny's Corporation ( DENN ) owns and operates the Denny's restaurant brand via its subsidiary company Denny's, Inc. Denny's Corporation has 100 restaurants across the world. DENNY'S CORP (DENN): Free Stock Analysis Report RUTHS HOSPITLTY (RUTH): Free Stock Analysis Report To read this article on Zacks.com click here.
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Denny's Corporation Denny's Corporation ( DENN ) owns and operates the Denny's restaurant brand via its subsidiary company Denny's, Inc. Denny's Corporation has 100 restaurants across the world. DENNY'S CORP (DENN): Free Stock Analysis Report RUTHS HOSPITLTY (RUTH): Free Stock Analysis Report To read this article on Zacks.com click here.
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9c557cd9-2ec9-42a6-8cd8-5bdc95a27c96
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727468.0
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2014-05-01 00:00:00 UTC
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Why Denny's Corporation (DENN) Isn't Done Growing Earnings Yet - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/why-dennys-corporation-denn-isnt-done-growing-earnings-yet-tale-of-the-tape-2014-05-01
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nan
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nan
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Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). This firm, which is in the restaurants industry, saw EPS growth of 19.2% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 14.2%. Furthermore, the long-term growth rate is currently an impressive 16.5% suggesting pretty good prospects for the long haul.
And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 1.1%. Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider DENN. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well.
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 CORP (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.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. Click to get this free report >> DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ).
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for DENN as well. One such company that might be well-positioned for future earnings growth is Denny's Corporation ( DENN ). Thanks to this rise in earnings estimates, DENN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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afb84a0f-4f35-4fd1-bbd2-da3a887dac51
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727469.0
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2014-01-09 00:00:00 UTC
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Denny's Forays into Middle East - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-forays-into-middle-east-analyst-blog-2014-01-09
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nan
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nan
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Operating 1,700 franchised, licensed and company-owned eateries globally, Denny's Corporation ( DENN ) presently remains on an expansion spree both on domestic and international fronts. The company foresees a large untapped potential for expansion outside of the U.S.
The restaurateur has recently signed a deal with a franchisee - Advance Investment LLC - to enter into the market of Middle East. Per the agreement, Advance Investment will set up 30 Denny's outlets across the region over the next 10 years. The financial terms and conditions of the deal have not been disclosed.
The outlets will be located in United Arab Emirates (UAE), Saudi Arabia, Qatar, Bahrain, Kuwait, Egypt, Lebanon, Iraq and Jordan. The first unit is slated for a 2015 opening in UAE.
Middle East is now becoming one of the most dynamic and flourishing economies with rapid urbanization. Hence, the opening of the first outlet is strategically apt.
Advance Investment LLC is an affiliate of the Middle East-based franchise investor, Food Quest Restaurant Management LLC. Food Quest has superior local market knowledge and a proven track record of operating a few leading restaurants like Gourmet Burger Kitchen, Zambar Coastal Kitchen, Punjab Grill & Asia7 in the Middle East market. Encouraged by strong international response to the brand, the franchise partner is keen on working with one of America's largest full-service family restaurant chains.
Denny's made its first appearance outside the U.S. in 1966 by opening an outlet in Mexico. Since then the company has expanded its presence across 11 countries including Canada, Chile, Costa Rica, Curacao, Dominican Republic, El Salvador, Guam, Honduras, Mexico, Puerto Rico and New Zealand. At present, Denny's has about 100 units abroad. Currently, the company is developing 60 units targeting the international market.
Denny's holds a Zacks Rank #4 (Sell). Investors interested in the restaurant industry may consider stocks like Fiesta Restaurant Group, Inc. ( FRGI ), The Cheesecake Factory Inc. ( CAKE ) and Cracker Barrel Old Country Store, Inc. ( CBRL ). While Fiesta Restaurant sports a Zacks Rank #1 (Strong Buy), The Cheesecake Factory and Cracker Barrel have a Zacks Rank #2 (Buy).
CHEESECAKE FACT (CAKE): Free Stock Analysis Report
CRACKER BARREL (CBRL): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
FIESTA RESTRNT (FRGI): 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.
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Operating 1,700 franchised, licensed and company-owned eateries globally, Denny's Corporation ( DENN ) presently remains on an expansion spree both on domestic and international fronts. Per the agreement, Advance Investment will set up 30 Denny's outlets across the region over the next 10 years. Denny's made its first appearance outside the U.S. in 1966 by opening an outlet in Mexico.
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CHEESECAKE FACT (CAKE): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report FIESTA RESTRNT (FRGI): Free Stock Analysis Report To read this article on Zacks.com click here. Operating 1,700 franchised, licensed and company-owned eateries globally, Denny's Corporation ( DENN ) presently remains on an expansion spree both on domestic and international fronts. Per the agreement, Advance Investment will set up 30 Denny's outlets across the region over the next 10 years.
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CHEESECAKE FACT (CAKE): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report FIESTA RESTRNT (FRGI): Free Stock Analysis Report To read this article on Zacks.com click here. Operating 1,700 franchised, licensed and company-owned eateries globally, Denny's Corporation ( DENN ) presently remains on an expansion spree both on domestic and international fronts. Per the agreement, Advance Investment will set up 30 Denny's outlets across the region over the next 10 years.
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Operating 1,700 franchised, licensed and company-owned eateries globally, Denny's Corporation ( DENN ) presently remains on an expansion spree both on domestic and international fronts. Per the agreement, Advance Investment will set up 30 Denny's outlets across the region over the next 10 years. Denny's made its first appearance outside the U.S. in 1966 by opening an outlet in Mexico.
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c817c56d-fec3-4429-b9bd-0adbaf99cc61
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727470.0
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2013-11-20 00:00:00 UTC
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Is This the Top for Denny's Corporation (DENN)? - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/is-this-the-top-for-dennys-corporation-denn-tale-of-the-tape-2013-11-20
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nan
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nan
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Although Denny's Corporation (DENN) is up over 8.2 % in the past four weeks, investors may be concerned. After all, DENN is now in overbought territory, at least when looking at its RSI value of 71.1 . If that wasn't enough, investors should also note that Denny's Corporation possesses a Zacks Rank #4 (Sell) , so if analyst perception is any guide, we could witness a slump in DENN shares before too long.
DENNY'S CORP (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.
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Although Denny's Corporation (DENN) is up over 8.2 % in the past four weeks, investors may be concerned. If that wasn't enough, investors should also note that Denny's Corporation possesses a Zacks Rank #4 (Sell) , so if analyst perception is any guide, we could witness a slump in DENN shares before too long. DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Although Denny's Corporation (DENN) is up over 8.2 % in the past four weeks, investors may be concerned. After all, DENN is now in overbought territory, at least when looking at its RSI value of 71.1 . If that wasn't enough, investors should also note that Denny's Corporation possesses a Zacks Rank #4 (Sell) , so if analyst perception is any guide, we could witness a slump in DENN shares before too long.
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If that wasn't enough, investors should also note that Denny's Corporation possesses a Zacks Rank #4 (Sell) , so if analyst perception is any guide, we could witness a slump in DENN shares before too long. Although Denny's Corporation (DENN) is up over 8.2 % in the past four weeks, investors may be concerned. After all, DENN is now in overbought territory, at least when looking at its RSI value of 71.1 .
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Although Denny's Corporation (DENN) is up over 8.2 % in the past four weeks, investors may be concerned. After all, DENN is now in overbought territory, at least when looking at its RSI value of 71.1 . If that wasn't enough, investors should also note that Denny's Corporation possesses a Zacks Rank #4 (Sell) , so if analyst perception is any guide, we could witness a slump in DENN shares before too long.
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ec0dba25-b706-4f20-94c7-d378a4800b59
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727471.0
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2013-11-01 00:00:00 UTC
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Denny's' Q3 Earnings in Line, Revs Miss - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-q3-earnings-in-line-revs-miss-analyst-blog-2013-11-01
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nan
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nan
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Following the release of third-quarter 2013 results on Oct 28, Spartanburg, South Carolina-based restaurant chain, Denny's Corporation 's ( DENN ) share price has declined 3.8%. We believe lower-than-expected revenues, higher costs and reduced margins are responsible for such disappointing results.
In the third quarter, Denny's adjusted earnings of 8 cents per share were in line with the Zacks Consensus Estimate but above the year-ago quarter's earnings of 6 cents by 33.3%. Earnings in the quarter received a boost from lower interest expenses and reduced share count in the quarter.
Total revenue was nearly $117.3 million missing the Zacks Consensus Estimate of $119 million by 1.4% and the year-ago quarter's revenues of $121 million by 3.1%. Lower company restaurant sales pulled down the revenues during the quarter.
Performance Highlights in the Quarter
During the quarter, sales at the company-operated restaurants declined 3.7% year over year to $83.4 million, due to the decline in the number of company restaurants resulting from the company's refranchising activities. Same-restaurant sales (comps) at company restaurants were up 0.7% on the back of an increase in the same-store average check, offset by lower traffic.
Franchise and license revenues decreased 1.4% year over year to $33.9 million owing to lower occupancy revenues and reduced initial fees. Comps at franchised restaurants were up 1.3% with the rise in guest check average offsetting the decline in same-store traffic.
Domestic system-wide comps nudged up 1.2%, higher than a 0.5% growth in the year-earlier quarter.
Company-operated restaurants' operating margin contracted 240 basis points (bps) year over year to 12.3% due to a rise in the product cost, higher payroll and benefits costs, and increased other operating costs. Franchise operating margin expanded 90 bps year over year to 65.8%, driven by higher royalty and licensing margin. Total operating margin reduced 120 bps year over year to 27.8% due to lower company restaurant operating margin.
Store Update
During the quarter, the company unveiled nine franchised unit and shut down 13 franchised restaurants. At quarter-end, the company had 164 company-owned and 1,522 franchised and licensed restaurants. Apart from this, Denny's acquired a restaurant in Columbus, Ohio.
The company remains steadfast in its goal to expand internationally. It has recently added a restaurant to its Latin American portfolio by opening a unit each in El Salvador and Chile.
The company now expects the number of openings to be at the lower end of its previous guidance of 40-45 franchised restaurants in 2013. The restaurateur also intends to shut down 35-40 restaurants in 2013.
Liquidity
Denny's ended the third quarter with cash and cash equivalents of $6.3 million versus $2.0 million in the prior quarter. Long-term debt, at quarter-end, came in at $152.5 million as compared with $153.8 million at the end of the second quarter.
Share Repurchase
During the third quarter, the company bought back 1.8 million shares worth $10.2 million. Currently, 9.7 million shares remain under the company's existing share repurchase program. Since the beginning of its share repurchase in 2010 the company has repurchased 15.3 million shares worth $69.2 million.
Guidance Reiterated
For 2013, Denny's reiterated its comps guidance. The company continues to expect that its domestic system-wide comps growth will be within the range of 0%-1%.
In 2013, commodity cost is expected to be 2.5%, within the company's prior guidance range of 2%-3%. The company continues to expect its franchise margin to be at the higher end of its prior estimate of 65%-66%. However, Denny's believes that its restaurant margin will be lower than its initial guidance range of 14%-15%.
The company continues to believe that capital expenditure will be within $20 million-$22 million.
Denny's has undertaken several initiatives such as menu innovation and aggressive expansion to significantly drive revenues. The company is increasingly focusing on refranchising to generate more free cash flow.
Our Take
Although, Denny's' earnings were in line with the Zack Consensus Estimate in the third quarter, we remain concerned about the lower top line and muted comps growth.
The Zacks Rank #4 (Sell) company is still at the transitional stage and will take some time to stabilize the operation both at company-owned and franchised units. Continuous decline in margin in the past few quarters also remains an overhang.
Other Stocks to Consider
Some other players in the restaurant industry which look attractive at the current level include Red Robin Gourmet Burgers Inc. ( RRGB ), Cracker Barrel Old Country Store, Inc. ( CBRL ) and Bob Evans Farms, Inc. ( BOBE ). While Red Robin holds a Zacks Rank #1 (Strong Buy), Cracker Barrel and Bob Evans Farms carry a Zacks Rank #2 (Buy).
BOB EVANS FARMS (BOBE): Free Stock Analysis Report
CRACKER BARREL (CBRL): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): 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.
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Following the release of third-quarter 2013 results on Oct 28, Spartanburg, South Carolina-based restaurant chain, Denny's Corporation 's ( DENN ) share price has declined 3.8%. In the third quarter, Denny's adjusted earnings of 8 cents per share were in line with the Zacks Consensus Estimate but above the year-ago quarter's earnings of 6 cents by 33.3%. Apart from this, Denny's acquired a restaurant in Columbus, Ohio.
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BOB EVANS FARMS (BOBE): Free Stock Analysis Report CRACKER BARREL (CBRL): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report To read this article on Zacks.com click here. Following the release of third-quarter 2013 results on Oct 28, Spartanburg, South Carolina-based restaurant chain, Denny's Corporation 's ( DENN ) share price has declined 3.8%. In the third quarter, Denny's adjusted earnings of 8 cents per share were in line with the Zacks Consensus Estimate but above the year-ago quarter's earnings of 6 cents by 33.3%.
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Following the release of third-quarter 2013 results on Oct 28, Spartanburg, South Carolina-based restaurant chain, Denny's Corporation 's ( DENN ) share price has declined 3.8%. In the third quarter, Denny's adjusted earnings of 8 cents per share were in line with the Zacks Consensus Estimate but above the year-ago quarter's earnings of 6 cents by 33.3%. Apart from this, Denny's acquired a restaurant in Columbus, Ohio.
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Following the release of third-quarter 2013 results on Oct 28, Spartanburg, South Carolina-based restaurant chain, Denny's Corporation 's ( DENN ) share price has declined 3.8%. In the third quarter, Denny's adjusted earnings of 8 cents per share were in line with the Zacks Consensus Estimate but above the year-ago quarter's earnings of 6 cents by 33.3%. Apart from this, Denny's acquired a restaurant in Columbus, Ohio.
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17b18953-3c36-42ee-bd79-183ee03e08d4
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727472.0
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2013-10-28 00:00:00 UTC
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Trade the Earnings: Denny's Corp.
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DENN
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https://www.nasdaq.com/articles/trade-earnings-dennys-corp-2013-10-28
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nan
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nan
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Earnings Release Date: 10/28/2013
Time: After-hours
Avg. Extended-Hours Dollar Volume: $5,205,720
Earnings Sensitivity (up or down): 2.8%
Denny's Corp. ( DENN ) is due to issue its quarterly earnings report after the close today. Given its history, traders can expect very active trading in the upcoming After-hours session immediately following the company's release of its quarterly earnings. An analysis of historical premarket and after-hours trading activity and liquidity conditions in DENN following an earnings release indicates that the price change in the extended hours is likely to be of moderate value in forecasting additional price movement in the following regular session.
Analysts at MidnightTrader have tracked how DENN's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. The result of that study is below.
Over the last year, when shares of DENN rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
Over the last year, when shares of DENN dropped in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
Our analysis of over a decade of company specific earnings related news and price data on over 5,000 US companies demonstrates that earnings event related trading opportunities can exist for those trading in the after-hours and premarket sessions. Certain stocks demonstrate a historical tendency to either underprice or overreact to earnings news in the extended-hours (the time when companies typically release earnings) relative to the following regular session close.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts at MidnightTrader have tracked how DENN's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. Over the last year, when shares of DENN rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. Over the last year, when shares of DENN dropped in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
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Over the last year, when shares of DENN rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. Over the last year, when shares of DENN dropped in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. Extended-Hours Dollar Volume: $5,205,720 Earnings Sensitivity (up or down): 2.8% Denny's Corp. ( DENN ) is due to issue its quarterly earnings report after the close today.
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An analysis of historical premarket and after-hours trading activity and liquidity conditions in DENN following an earnings release indicates that the price change in the extended hours is likely to be of moderate value in forecasting additional price movement in the following regular session. Extended-Hours Dollar Volume: $5,205,720 Earnings Sensitivity (up or down): 2.8% Denny's Corp. ( DENN ) is due to issue its quarterly earnings report after the close today. Analysts at MidnightTrader have tracked how DENN's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session.
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Extended-Hours Dollar Volume: $5,205,720 Earnings Sensitivity (up or down): 2.8% Denny's Corp. ( DENN ) is due to issue its quarterly earnings report after the close today. An analysis of historical premarket and after-hours trading activity and liquidity conditions in DENN following an earnings release indicates that the price change in the extended hours is likely to be of moderate value in forecasting additional price movement in the following regular session. Analysts at MidnightTrader have tracked how DENN's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session.
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f949b6d4-2895-4ed4-ac44-f4c69aa9354b
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727473.0
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2013-09-19 00:00:00 UTC
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Is This the Top for Denny's Corporation (DENN) - Tale of the Tape
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DENN
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https://www.nasdaq.com/articles/is-this-the-top-for-dennys-corporation-denn-tale-of-the-tape-2013-09-19
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nan
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nan
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Denny's Corporation ( DENN ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DENN is now in overbought territory with an RSI value of 73.42. Furthermore, estimates for the Denny's Corporation have been coming down, pushing it to Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.
DENNY'S CORP (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.
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Denny's Corporation ( DENN ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. Furthermore, estimates for the Denny's Corporation have been coming down, pushing it to Zacks Rank #4 (Sell). DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Denny's Corporation ( DENN ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DENN is now in overbought territory with an RSI value of 73.42. Furthermore, estimates for the Denny's Corporation have been coming down, pushing it to Zacks Rank #4 (Sell).
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Denny's Corporation ( DENN ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. DENNY'S CORP (DENN): Free Stock Analysis Report To read this article on Zacks.com click here. That is because DENN is now in overbought territory with an RSI value of 73.42.
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Denny's Corporation ( DENN ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DENN is now in overbought territory with an RSI value of 73.42. Furthermore, estimates for the Denny's Corporation have been coming down, pushing it to Zacks Rank #4 (Sell).
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a99383ae-e79c-4407-bd0f-cb2a10897b53
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727474.0
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2013-08-16 00:00:00 UTC
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More Sonic Drive-Ins in Seattle - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/more-sonic-drive-ins-in-seattle-analyst-blog-2013-08-16
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nan
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nan
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The biggest chain of drive-in restaurants in the U.S., Sonic Corp. ( SONC ) recently inked a franchise development deal to set up 14 new drive-ins in the greater Seattle area, Wash., in association with a new franchise partner, Cascade Development Group, LLC. The first of the anticipated openings is expected to hit the market in fall 2014 while the rest will come up by 2018.
Cascade Development Group's proven track record as a franchisee and its superior knowledge of the local market helped it to clinch the deal. The organization's leader even served as an owner-operator for 15 Taco Bell franchises of Yum! Brands Inc. ( YUM ) in the Seattle area. He also had experience in handling franchising operations of DineEquity Inc. 's ( DIN ) IHOP and Denny's Corp. ( DENN ).
We note that there are already five Sonic locations in the Seattle market. We believe, the latest alliance reflects Sonic's intent to make Washington one of the prime states for expansion considering its potential to generate about $10.9 billion in restaurant sales in 2013, as per the National Restaurant Association.
Apart from this, the Washington Oklahoma-based company is aggressively expanding in states like California and New York to step beyond its core Central U.S market. In fact to tap the markets of Northeast, Sonic has also teamed up with franchisees to test new drive-in prototypes that cater to market specific needs.
This Zacks Rank #3 (Hold) company is gradually moving in a positive direction. The highlights of its third-quarter 2013 earnings, reported in June, were strong comps momentum and margin expansion based on stringent cost control measures. On the developmental front, it seeks to open 25 to 30 new franchise drive-ins in fiscal 2013. The target is slightly higher than fiscal 2012. Sonic anticipates the rate of growth to accelerate in fiscal 2014.
At the end of the third quarter of 2013, this drive-in fast food chain operator had a total of 3,526 drive-in restaurants. While we appreciate Sonic's effort to move beyond its barriers, investors should note that entry into new markets always involves some risks initially. There will be an attendant headwind of higher pre-opening costs in these areas compared with matured trade areas, in which the company already has support infrastructure. This can limit margin expansion in the initial stages of operation.
DENNY'S CORP (DENN): Free Stock Analysis Report
DINEEQUITY INC (DIN): Free Stock Analysis Report
SONIC CORP (SONC): Free Stock Analysis Report
YUM! BRANDS INC (YUM): 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.
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He also had experience in handling franchising operations of DineEquity Inc. 's ( DIN ) IHOP and Denny's Corp. ( DENN ). DENNY'S CORP (DENN): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report SONIC CORP (SONC): Free Stock Analysis Report YUM! Cascade Development Group's proven track record as a franchisee and its superior knowledge of the local market helped it to clinch the deal.
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DENNY'S CORP (DENN): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report SONIC CORP (SONC): Free Stock Analysis Report YUM! He also had experience in handling franchising operations of DineEquity Inc. 's ( DIN ) IHOP and Denny's Corp. ( DENN ). The biggest chain of drive-in restaurants in the U.S., Sonic Corp. ( SONC ) recently inked a franchise development deal to set up 14 new drive-ins in the greater Seattle area, Wash., in association with a new franchise partner, Cascade Development Group, LLC.
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DENNY'S CORP (DENN): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report SONIC CORP (SONC): Free Stock Analysis Report YUM! He also had experience in handling franchising operations of DineEquity Inc. 's ( DIN ) IHOP and Denny's Corp. ( DENN ). The biggest chain of drive-in restaurants in the U.S., Sonic Corp. ( SONC ) recently inked a franchise development deal to set up 14 new drive-ins in the greater Seattle area, Wash., in association with a new franchise partner, Cascade Development Group, LLC.
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He also had experience in handling franchising operations of DineEquity Inc. 's ( DIN ) IHOP and Denny's Corp. ( DENN ). DENNY'S CORP (DENN): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report SONIC CORP (SONC): Free Stock Analysis Report YUM! The biggest chain of drive-in restaurants in the U.S., Sonic Corp. ( SONC ) recently inked a franchise development deal to set up 14 new drive-ins in the greater Seattle area, Wash., in association with a new franchise partner, Cascade Development Group, LLC.
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7632b8c1-9261-4be3-b356-f7170d46e5ba
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727475.0
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2013-08-02 00:00:00 UTC
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Denny's Q2 Earnings Top, Revs in Line - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-q2-earnings-top-revs-in-line-analyst-blog-2013-08-02
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nan
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nan
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Denny's Corporation 's ( DENN ) second-quarter 2013 adjusted earnings of 8 cents per share beat both the Zacks Consensus Estimate and the year-ago quarter's earnings of 7 cents by 14.3%. Earnings in the quarter received a boost from lower taxes and reduced share count in the quarter.
Total operating revenues was nearly $117 million in line with the Zacks Consensus Estimate but were lower than the year-ago quarter's revenues by 6.5%. Lower company restaurant sales pressurized the total revenue during the quarter.
Performance Highlights in the Quarter
During the quarter, sales at the company-operated restaurants declined 9.2% year over year to $82.8 million, with the decline in the number of company restaurants annually by 24 owing to the company's divestment and refranchising activities and decline in same-store sales (comps).
Franchise and license revenues increased 0.7% to $33.7 million, attributable to an improvement in royalties as well as occupancies, propelled by 32 additional franchised restaurants in operation at the end of the quarter in comparison with the year-ago quarter.
Due to a 1.7% decline in traffic at company-owned units, comps at company restaurants were down 0.5%. Comps at franchised restaurants were up 0.7% with the rise in guest check average offsetting the decline in same-store traffic. System-wide same-restaurant sales (comps) nudged up 0.6%, lower than a 0.8% growth in overall comps witnessed in the year-earlier quarter.
Company-operated restaurants' operating margin contracted 110 basis points (bps) to 13.7% due to a rise in the product cost and higher labor expenses which was offset by the decline in payroll, benefit expenses and operating costs. Hence, operating income, as a percentage of revenue reduced 440 bps to 10.8%.
Store Update
During the quarter, the company unveiled 11 franchised units. Moreover, Denny's shut down 10 franchised restaurants. At quarter end, the company had 165 company-owned and 1,525 franchised and licensed restaurants. Apart from this, Denny's completed the acquisition of a restaurant in Miami for $3.2 million.
The company remains steadfast in its goal to expand its footprint internationally. It has recently added a restaurant in its Latin American portfolio by opening a unit in Mexico. The company expects to introduce nearly 40-45 franchised restaurants in 2013.
Liquidity
Denny's ended the quarter with cash and cash equivalents of $2.0 million versus $10.3 million in the prior quarter. Long-term debt, at the quarter end, came in at $153.8 million as compared with $156.8 million in the first quarter.
Share Repurchase
During the second quarter, the company bought back 1.7 million shares worth $9.4 million. Currently, 11.5 million shares remain under the company's existing share repurchase program. Since the beginning of its share repurchase in 2010 the company has repurchased 13.5 million shares worth $59 million.
Guidance Lowered
For 2013, Denny's lowered the higher end of comps guidance. The company projects that system-wide comps growth will be within the range of 0%-1%, down from the previous range of 0%-1.5%. Franchise comps will be flat to up 1% while comps at company-owned units will be down 1%.
Commodity cost is expected to be within 2% to 3% in 2013. The company also anticipates that franchise margin to be at the higher end of its guidance of 65%-66% while company restaurant margin is expected to be at the lower end of 14%-15%.
Capital expenditure will be within $20 million - $22 million, up from $19 million - $21 million.
In order to improve the visibility of its brand, the company continues to promote itself as America's Diner. Apart from this, Denny's has undertaken several initiatives such as menu innovation and aggressive expansion to significantly drive its revenues. The company is increasingly focusing on refranchising to generate more free cash flow.
Our Take
Although, Denny's earnings beat the earnings estimate in the second quarter, we remain concerned about the lower top line and sluggish comps growth. Moreover, lowered guidance is a major headwind. We believe that this Zacks Rank #4 (Sell) company is still in a transitional stage and will take some time to stabilize the operation both at company-owned and franchised units.
Some other players in the restaurant industry which look attractive at the current level include Yum! Brands Inc. ( YUM ), Buffalo Wild Wings Inc. ( BWLD ) and Burger King Worldwide, Inc. ( BKW ). All these companies carry a Zacks Rank #2 (Buy).
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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.
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Apart from this, Denny's has undertaken several initiatives such as menu innovation and aggressive expansion to significantly drive its revenues. Denny's Corporation 's ( DENN ) second-quarter 2013 adjusted earnings of 8 cents per share beat both the Zacks Consensus Estimate and the year-ago quarter's earnings of 7 cents by 14.3%. Moreover, Denny's shut down 10 franchised restaurants.
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Denny's Corporation 's ( DENN ) second-quarter 2013 adjusted earnings of 8 cents per share beat both the Zacks Consensus Estimate and the year-ago quarter's earnings of 7 cents by 14.3%. BURGER KING WWD (BKW): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report YUM! Moreover, Denny's shut down 10 franchised restaurants.
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Denny's Corporation 's ( DENN ) second-quarter 2013 adjusted earnings of 8 cents per share beat both the Zacks Consensus Estimate and the year-ago quarter's earnings of 7 cents by 14.3%. Moreover, Denny's shut down 10 franchised restaurants. Apart from this, Denny's completed the acquisition of a restaurant in Miami for $3.2 million.
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Denny's Corporation 's ( DENN ) second-quarter 2013 adjusted earnings of 8 cents per share beat both the Zacks Consensus Estimate and the year-ago quarter's earnings of 7 cents by 14.3%. Moreover, Denny's shut down 10 franchised restaurants. Apart from this, Denny's completed the acquisition of a restaurant in Miami for $3.2 million.
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2d550f67-1ccc-41e4-aa13-3c5dc62c9576
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727476.0
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2013-05-21 00:00:00 UTC
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Dunkin' Focuses on Hispanic Guests - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dunkin-focuses-on-hispanic-guests-analyst-blog-2013-05-21
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nan
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nan
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In a bid to tap the rapidly growing Hispanic customer base in the US, the operational arm of Dunkin' Brands Group ( DNKN ) - Dunkin' Donuts - tailored the Dunkin' App by launching a new language setting that displays content in both Spanish and English. The new language setting is primarily customized for Spanish-speaking consumers.
As per data published by market researcher NPD Group in Feb. 2012, the Hispanic community accounts for about 16% of the U.S. population based on the 2010 U.S. Census. The U.S. Census projects the Hispanic population in the country to increase 34% from 2010 to 2020. This encouraging data might have shifted several restaurateurs' attention toward this community.
Dunkin' Donuts has long been focusing on serving and marketing its products to the Hispanic community. In 2012, the company launched an integrated Hispanic advertising and marketing campaign. Apart from Dunkin' Donuts, there are several other companies who are catering to this fast-growing section of the population.
The leading pizza delivery company Domino's Pizza Inc. ( DPZ ) which has been concentrating heavily on technology-driven initiatives like digital ordering over the last three years also aims to connect more with this demographic section. Domino's decision to expand its mobile ordering service through a new Spanish-language ordering app for smartphones indicates the pizza chain's increasing interest in the segment. These companies intend to establish strong customer relationships by connecting in the language customers are most comfortable with.
Another restaurant company The Wendy's Co. ( WEN ) also stresses on catering to the Hispanic market via its advertising campaign and customer service. Yet another restaurateur Denny's Corp. ( DENN ) also launched its first national online marketing campaign targeting Hispanic guests last year. Currently, Dunkin' Brands holds a Zacks Rank #3 (Hold).
DENNY'S CORP (DENN): Free Stock Analysis Report
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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.
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Yet another restaurateur Denny's Corp. ( DENN ) also launched its first national online marketing campaign targeting Hispanic guests last year. DENNY'S CORP (DENN): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report To read this article on Zacks.com click here. As per data published by market researcher NPD Group in Feb. 2012, the Hispanic community accounts for about 16% of the U.S. population based on the 2010 U.S. Census.
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DENNY'S CORP (DENN): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report To read this article on Zacks.com click here. Yet another restaurateur Denny's Corp. ( DENN ) also launched its first national online marketing campaign targeting Hispanic guests last year. In a bid to tap the rapidly growing Hispanic customer base in the US, the operational arm of Dunkin' Brands Group ( DNKN ) - Dunkin' Donuts - tailored the Dunkin' App by launching a new language setting that displays content in both Spanish and English.
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DENNY'S CORP (DENN): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report To read this article on Zacks.com click here. Yet another restaurateur Denny's Corp. ( DENN ) also launched its first national online marketing campaign targeting Hispanic guests last year. In a bid to tap the rapidly growing Hispanic customer base in the US, the operational arm of Dunkin' Brands Group ( DNKN ) - Dunkin' Donuts - tailored the Dunkin' App by launching a new language setting that displays content in both Spanish and English.
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Yet another restaurateur Denny's Corp. ( DENN ) also launched its first national online marketing campaign targeting Hispanic guests last year. DENNY'S CORP (DENN): Free Stock Analysis Report DUNKIN BRANDS (DNKN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report To read this article on Zacks.com click here. In a bid to tap the rapidly growing Hispanic customer base in the US, the operational arm of Dunkin' Brands Group ( DNKN ) - Dunkin' Donuts - tailored the Dunkin' App by launching a new language setting that displays content in both Spanish and English.
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f99d18cb-7823-4006-9c79-e84b1bdcdea6
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727477.0
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2013-02-22 00:00:00 UTC
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A Mixed Bag for Denny's in 4Q - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/a-mixed-bag-for-dennys-in-4q-analyst-blog-2013-02-22
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nan
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nan
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Denny's Corporation ( DENN ) recently reported fourth quarter 2012 earnings of 7 cents per share, in line with the Zacks Consensus Estimate but below the year-ago quarter's earnings of 94 cents per share. In full year of 2012, earnings per share were 23 cents versus $1.13 per share recorded in 2011.
Total operating revenues declined 10.9% year over year to $115.9 million, but surpassed the Zacks Consensus Estimate of $112.0 million. In 2012, the revenues were $488.4 million, down 9.3% year over year.
Performance Highlights in the Quarter
During the quarter, sales at the company-operated restaurants declined 16.9% year over year to $81.7 million, as the number of operating units have reduced annually by 49 owing to the company's divestment.
Franchise and license revenues increased 7.5% to $34.2 million, attributable to an improvement in royalties as well as occupancies, propelled by 55 additional franchised restaurants in operation at the end of the quarter in comparison with the year-ago quarter.
System-wide same-restaurant sales (comps) nudged up 1.7% based on a 2.0% growth in franchised units and a 0.5% rise in company-operated units. The 10 basis point (bps) improvement was higher than a 1.6% growth in overall comps witnessed in the year-earlier quarter. Same-store guest count fell 0.8% but guest check average inched up 1.3%, while same-store guest count exhibited a downward trend from the year-ago level, guest check showed signs of improvement.
Company-operated restaurants' operating margin enhanced 70 basis points (bps) to 13.5% due to reduced payroll as well as benefit expenses and other operating costs neutralizing the rise in product costs . Franchise operating margin declined 30 bps to 65.2% owing to low fee revenues. Hence, total operating margin expanded 310 bps to 28.8%.
Store Update
During the quarter, Denny's shut down one company-owned as well as 11 franchised restaurants and also divested 8 company-owned units to franchisees. The company unveiled 12 franchised units in the quarter including one company-owned unit. At quarter-end, the company had 164 company-owned and 1,524 franchised and licensed restaurants.
Liquidity
Denny's ended the quarter with cash and cash equivalents of $13.6 million and long-term debt of $161.5 million.
Share Repurchase
The company bought back 4.8 million shares worth $22.2 million in 2012.
Guidance
For 2013, Denny's projects that system-wide same-store sales growth will be within the range of flat to 2%. Adjusted income before taxes will be within $76-$80.0 million. Capital expenditure will be between $17 million and $19 million. The franchisor and operator of one of America's largest full-service restaurant chains also expects that its free cash flow will be within the range of $46.0-$49.0 million.
The company expects to introduce nearly 40-45 franchised restaurants in 2013.
Our Take
Denny's is still in the transitional stage and will take some time to stabilize the operation both at company-owned and franchised units. Continued margin expansion at company-owned stores amid a value-sensitive business environment is another positive factor. However, we are cautious about the stock given the company's continued moderated results as well as slowdown in key matrices.
Denny's currently retains a Zacks Rank #3 (Hold). Another restaurateur AFC Enterprises Inc. ( AFCE ) recently declared its preliminary fourth quarter and full year 2012 results. The company projects its adjusted earnings per share for the full year of 2012 to be within $1.23-$1.24, up from 99 cents in 2011. AFC also provided an optimistic outlook for 2013. AFC currently holds a Zacks Rank #2 (Buy).
Other restaurateurs, which are expected to perform well moving ahead, include Krispy Kreme Doughnuts, Inc. ( KKD ) and Burger King Worldwide, Inc. ( BKW ). Both carry a Zacks Rank #2 (Buy).
AFC ENTERPRISES (AFCE): Free Stock Analysis Report
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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.
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Denny's Corporation ( DENN ) recently reported fourth quarter 2012 earnings of 7 cents per share, in line with the Zacks Consensus Estimate but below the year-ago quarter's earnings of 94 cents per share. Store Update During the quarter, Denny's shut down one company-owned as well as 11 franchised restaurants and also divested 8 company-owned units to franchisees. Liquidity Denny's ended the quarter with cash and cash equivalents of $13.6 million and long-term debt of $161.5 million.
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AFC ENTERPRISES (AFCE): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report KRISPY KREME (KKD): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) recently reported fourth quarter 2012 earnings of 7 cents per share, in line with the Zacks Consensus Estimate but below the year-ago quarter's earnings of 94 cents per share. Store Update During the quarter, Denny's shut down one company-owned as well as 11 franchised restaurants and also divested 8 company-owned units to franchisees.
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AFC ENTERPRISES (AFCE): Free Stock Analysis Report BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report KRISPY KREME (KKD): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) recently reported fourth quarter 2012 earnings of 7 cents per share, in line with the Zacks Consensus Estimate but below the year-ago quarter's earnings of 94 cents per share. Store Update During the quarter, Denny's shut down one company-owned as well as 11 franchised restaurants and also divested 8 company-owned units to franchisees.
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Store Update During the quarter, Denny's shut down one company-owned as well as 11 franchised restaurants and also divested 8 company-owned units to franchisees. Denny's Corporation ( DENN ) recently reported fourth quarter 2012 earnings of 7 cents per share, in line with the Zacks Consensus Estimate but below the year-ago quarter's earnings of 94 cents per share. Liquidity Denny's ended the quarter with cash and cash equivalents of $13.6 million and long-term debt of $161.5 million.
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32d3a34e-37b8-4cc1-8298-1dde9da03d98
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727478.0
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2013-02-04 00:00:00 UTC
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Ruth's Forays into China - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/ruths-forays-into-china-analyst-blog-2013-02-04
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nan
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nan
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Florida-based fine-dining restaurant Ruth's Hospitality Group Inc. ( RUTH) has recently forged a deal with Ko China Hospitality Limited to expand its footprint in one of the most dynamic markets in the world -- China. Per the agreement, both will open four new Ruth's Chris Steak House units in China over the next three years. The terms of the deal were not disclosed.
Ko China Hospitality Limited is a subsidiary of Hasmore Limited. Hasmore shares a longstanding relationship with Ruth's and has helped grow the latter's presence in Asia's key markets like Japan, Hong Kong, Taiwan and Singapore. Now the duo is set to explore the Chinese market by the end of this year.
The new units are slated to open at Shanghai and Beijing - places that are known for upscale dining. We believe that this move will be strategically positive for the company on the entry level.
However, the Chinese market is not free from competition. Following the growing demand for American dining brands, several U.S. restaurateurs like Yum! Brands Inc. ( YUM ) and McDonald's Inc. ( MCD ) are currently serving the market with a much wider scale of operation.
In fact, since the last couple of quarters, China is driving Yum! Brands' growth story. In Feb last year, Yum! commented that the consumption is likely to double in China over the next decade as urbanization steps up.
Yet another peer, Denny's Corp. ( DENN ) also entered into a pact last year to unveil 50 restaurants in China over the next 15 years. The first unit is slated for a 2013 opening.
Growing income of the larger populace makes China a lucrative investment proposition. However, to be distinctive in this competitive market, Ruth's will have to introduce variations in its menu to attract consumers from different social strata as well as focus on value offerings.
At present, Ruth's finest steaks are available in more than 150 company- and franchisee-owned locations worldwide spread across the U.S. and several other countries and territories, including Puerto Rico, Mexico, Canada, Taiwan, Japan, Hong Kong, Dubai, Aruba, El Salvador and Singapore. Ruth's currently holds a Zacks Rank #4 (Sell).
DENNY'S CORP (DENN): Free Stock Analysis Report
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YUM! BRANDS INC (YUM): 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.
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Yet another peer, Denny's Corp. ( DENN ) also entered into a pact last year to unveil 50 restaurants in China over the next 15 years. DENNY'S CORP (DENN): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report RUTHS HOSPITLTY (RUTH): Free Stock Analysis Report YUM! Hasmore shares a longstanding relationship with Ruth's and has helped grow the latter's presence in Asia's key markets like Japan, Hong Kong, Taiwan and Singapore.
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DENNY'S CORP (DENN): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report RUTHS HOSPITLTY (RUTH): Free Stock Analysis Report YUM! Yet another peer, Denny's Corp. ( DENN ) also entered into a pact last year to unveil 50 restaurants in China over the next 15 years. BRANDS INC (YUM): Free Stock Analysis Report To read this article on Zacks.com click here.
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DENNY'S CORP (DENN): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report RUTHS HOSPITLTY (RUTH): Free Stock Analysis Report YUM! Yet another peer, Denny's Corp. ( DENN ) also entered into a pact last year to unveil 50 restaurants in China over the next 15 years. Florida-based fine-dining restaurant Ruth's Hospitality Group Inc. ( RUTH) has recently forged a deal with Ko China Hospitality Limited to expand its footprint in one of the most dynamic markets in the world -- China.
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Yet another peer, Denny's Corp. ( DENN ) also entered into a pact last year to unveil 50 restaurants in China over the next 15 years. DENNY'S CORP (DENN): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report RUTHS HOSPITLTY (RUTH): Free Stock Analysis Report YUM! Florida-based fine-dining restaurant Ruth's Hospitality Group Inc. ( RUTH) has recently forged a deal with Ko China Hospitality Limited to expand its footprint in one of the most dynamic markets in the world -- China.
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72bdd362-9080-4f44-ab0c-b921c389a417
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727479.0
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2012-12-31 00:00:00 UTC
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Burger King Partners Beboca - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/burger-king-partners-beboca-analyst-blog-2012-12-31
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nan
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nan
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To further strengthen its global footprint, Burger King Worldwide ( BKW ) recently inked a joint venture deal with Beboca Ltd in Central America. The financial terms of the deal were not disclosed.
Per the deal, Beboca Ltd will act as Burger King's multi-country master franchisee and developer of 178 restaurants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The joint venture will form a brand-new entity called BK Centro America for this Central American expansion project.
Beboca Ltd shares a long standing relationship with Burger King. It successfully enhanced the brand's presence across Costa Rica and Panama to as many as 48 outlets.
The above mentioned deal affirms management's intent to make Central America one of the prime markets for Burger King's expansion. The burgeoning middle income population in these countries encourages the company to shift its spotlight from the somewhat saturated domestic market, where the burger category is hyper-competitive. Further, the consumers also have inclination towards American food products.
However, the market is not free from competition. Many of its peers Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ) are focusing on the region.
Burger King has been on an expansion spree for quite some time. Hence, it is emphasizing global expansion in both new and existing markets through development agreements with new and existing franchisees as well as joint venture partners.
In 2012, it has initiated ventures in South Africa, Russia and China while in 2011 the fast-food joint banked on a major investment in Brazil. Burger King currently carries a Zacks #2 Rank (short-term 'Buy' rating).
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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.
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Many of its peers Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ) are focusing on the region. BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. To further strengthen its global footprint, Burger King Worldwide ( BKW ) recently inked a joint venture deal with Beboca Ltd in Central America.
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BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Many of its peers Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ) are focusing on the region. To further strengthen its global footprint, Burger King Worldwide ( BKW ) recently inked a joint venture deal with Beboca Ltd in Central America.
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BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Many of its peers Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ) are focusing on the region. To further strengthen its global footprint, Burger King Worldwide ( BKW ) recently inked a joint venture deal with Beboca Ltd in Central America.
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BURGER KING WWD (BKW): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Many of its peers Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ) are focusing on the region. To further strengthen its global footprint, Burger King Worldwide ( BKW ) recently inked a joint venture deal with Beboca Ltd in Central America.
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451f27a1-95f0-4b51-a6f0-5960e63b52c6
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727480.0
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2012-11-02 00:00:00 UTC
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Dull 3Q at Denny's; Outlook Shrinks - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dull-3q-at-dennys-outlook-shrinks-analyst-blog-2012-11-02
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nan
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nan
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Denny's Corporation ( DENN ) recently reported third quarter 2012 earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents and year-ago quarter earnings of 8 cents per share.
Total revenue declined 11.6% year over year to $120.9 million, but surpassed the Zacks Consensus Estimate of $119.0 million.
Performance Highlights
During the quarter, sales at the company-operated restaurants declined 17.3% year over year to $86.6 million, due to 49 less operating units as compared to the prior year, as well as muted growth of same-restaurant sales.
Franchise and license revenue increased 7.3% to $34.4 million, attributable to an improvement in occupancy and a $0.9 million increase in royalties, propelled by 60 additional franchised restaurants in operation at the end of the quarter compared with the year-ago quarter.
System-wide same-restaurant sales (comps) nudged up 0.4% based on 0.6% growth in franchised units partially offset by a 0.5% decline in company-operated units. System-wide comps marked the sixth consecutive quarter of positive comps.
However, the improvement was lower than a 2.0% growth in overall comps witnessed in the year-earlier quarter. Same-store guest count fell 2.2% but guest check average inched up 1.8%. While same-store guest count exhibited a downward trend from the year-ago level, guest check showed signs of improvement.
Company-operated restaurants' operating margin enhanced 60 basis points (bps) to 14.7% due to lower utilities, marketing, legal settlements as well as occupancy and other operating costs. Franchise operating margin declined 150 bps to 64.9%. Hence, total operating margin expanded 260 bps to 29.0%.
Store Update
During the quarter, Denny's closed 9 system-wide units, including one company-owned and 8 franchised and licensed restaurants. The company did not open any company-owned unit in the quarter but unveiled 12 franchised ones. The company also refranchised 5 units in the quarter. At quarter-end, the company had 171 company-owned and 1,516 franchised and licensed restaurants.
Denny's plans to end the year 2012 with 46-48 new restaurants.
Liquidity
Denny's ended the quarter with cash and cash equivalents of $24.1 million and long-term debt of $166.3 million.
Share Repurchase
The company bought back 2.4 million shares in the third quarter.
Guidance
For 2012, Denny's slashed its guidance for company-operated same-store sales growth to the range of flat to 0.5% (prior flat to 2.0%) and franchise same-store sales to the range of 1-1.5% (prior 1-3%). Guidance for adjusted income before taxes is reduced to the range of $45.0-$48.0 million (prior $45.0-$49.0 million).
The franchisor and operator of one of America's largest full-service restaurant chains also lowered its free cash flow guidance to the range of $49.0-$52.0 million (prior $51-$55 million).
Our Take
We are vigilant about the stock given the company's continued lower-than-expected results as well as slowdown in key matrices. Sluggish same-restaurant traffic count and management's cut in guidance were also matters of concern.
However, we believe, Denny's is still in the transitional stage and will take some time to stabilize the operation both at company-owned and franchised units. Continued margin expansion at company-owned stores amid a value-sensitive business environment remains another positive factor. To counter the challenging economy, the company is also actively considering international expansion.
Denny's, which competes with the likes of Kona Grill Inc. ( KONA ), currently carries a Zacks #4 Rank, which translates into a short-term 'Sell' rating.
DENNY'S CORP (DENN): Free Stock Analysis Report
KONA GRILL INC (KONA): 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.
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Store Update During the quarter, Denny's closed 9 system-wide units, including one company-owned and 8 franchised and licensed restaurants. Denny's Corporation ( DENN ) recently reported third quarter 2012 earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents and year-ago quarter earnings of 8 cents per share. Denny's plans to end the year 2012 with 46-48 new restaurants.
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Denny's Corporation ( DENN ) recently reported third quarter 2012 earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents and year-ago quarter earnings of 8 cents per share. Guidance For 2012, Denny's slashed its guidance for company-operated same-store sales growth to the range of flat to 0.5% (prior flat to 2.0%) and franchise same-store sales to the range of 1-1.5% (prior 1-3%). DENNY'S CORP (DENN): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Guidance For 2012, Denny's slashed its guidance for company-operated same-store sales growth to the range of flat to 0.5% (prior flat to 2.0%) and franchise same-store sales to the range of 1-1.5% (prior 1-3%). Denny's Corporation ( DENN ) recently reported third quarter 2012 earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents and year-ago quarter earnings of 8 cents per share. Store Update During the quarter, Denny's closed 9 system-wide units, including one company-owned and 8 franchised and licensed restaurants.
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Store Update During the quarter, Denny's closed 9 system-wide units, including one company-owned and 8 franchised and licensed restaurants. Denny's Corporation ( DENN ) recently reported third quarter 2012 earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents and year-ago quarter earnings of 8 cents per share. Denny's plans to end the year 2012 with 46-48 new restaurants.
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426b1eb4-7f92-4847-8569-3ce6ed5c16ae
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727481.0
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2012-08-29 00:00:00 UTC
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Denny's to Debut in Chile - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-to-debut-in-chile-analyst-blog-2012-08-29
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nan
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nan
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Denny's Corporation ( DENN ) has recently forged a deal with Musiet Group to venture into Chile. Per the agreement, Musiet will set up 10 Denny's restaurants in Chile over the next 15 years. The terms of the deal were not disclosed. The first unit is slated for a 2013 opening in Santiago.
Santiago, the capital of Chile, is considered one of the most dynamic and modern economies in Latin America with rapid urbanization. Further, the city is the regional headquarters to many multinational corporations catering to both business and leisure travelers. Hence, the opening of the first outlet is deemed to be apt strategically.
The latest alliance reflects management's intent to make Chile one of the prime markets for international expansion, considering the under-penetration of quick-service restaurants as against the North American countries. To gain traction in the new market, Denny's will offer breakfast, lunch, and dinner items on a 24-hours setting.
Operating 1,684 franchised, licensed and company-owned restaurants globally, Denny's is on an expansion spree on both domestic and international fronts. At present, Denny's has about 96 units abroad. The company foresees a large untapped potential for expansion outside of the U.S.
Apart from its recent entry into the Dominican Republic, Denny's also has its presence in other Latin American and Caribbean countries like Costa Rica, Mexico, Honduras, Curaçao and Puerto Rico. In addition, Denny's also entered into a long-term deal with the Great China International Group to foray into Asia's largest country, China.
According to the company, so far the brand has been well accepted abroad. In fact, Denny's intends to capitalize on this opportunity by expanding in new as well as existing markets. The latest Chilean deal is one such effort.
The development partner, Musiet Group, boasts significant local market knowledge and has a proven track record of operating a few leading local restaurants in that market. Further, Musiet Group enjoys the status of being the master franchisee for another U.S. based casual dining restaurant chain, Ruby Tuesday Inc. ( RT ).
During the second quarter of 2012, Denny's did not open any company-owned unit, but opened nine franchised units including two international units in the Dominican Republic and Canada.
Denny's, which competes with the likes of Kona Grill Inc. ( KONA ) currently, carries a Zacks #3 Rank that translates into a short-term Hold rating. We are also maintaining our long-term Neutral recommendation on the stock.
DENNY'S CORP (DENN): Free Stock Analysis Report
KONA GRILL INC (KONA): Free Stock Analysis Report
RUBY TUESDAY (RT): 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.
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The company foresees a large untapped potential for expansion outside of the U.S. Apart from its recent entry into the Dominican Republic, Denny's also has its presence in other Latin American and Caribbean countries like Costa Rica, Mexico, Honduras, Curaçao and Puerto Rico. Denny's Corporation ( DENN ) has recently forged a deal with Musiet Group to venture into Chile. Per the agreement, Musiet will set up 10 Denny's restaurants in Chile over the next 15 years.
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Denny's Corporation ( DENN ) has recently forged a deal with Musiet Group to venture into Chile. During the second quarter of 2012, Denny's did not open any company-owned unit, but opened nine franchised units including two international units in the Dominican Republic and Canada. DENNY'S CORP (DENN): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Denny's Corporation ( DENN ) has recently forged a deal with Musiet Group to venture into Chile. During the second quarter of 2012, Denny's did not open any company-owned unit, but opened nine franchised units including two international units in the Dominican Republic and Canada. DENNY'S CORP (DENN): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Per the agreement, Musiet will set up 10 Denny's restaurants in Chile over the next 15 years. Denny's Corporation ( DENN ) has recently forged a deal with Musiet Group to venture into Chile. To gain traction in the new market, Denny's will offer breakfast, lunch, and dinner items on a 24-hours setting.
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429b9ee2-c7d7-400d-b3a2-d8887912d93c
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727482.0
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2012-08-27 00:00:00 UTC
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Weekly CFO Sells Highlight: KKR, DENN, NEE, HOLX, STT, INVN
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DENN
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https://www.nasdaq.com/articles/weekly-cfo-sells-highlight-kkr-denn-nee-holx-stt-invn-2012-08-27
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nan
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nan
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According to GuruFocus Insider Data , the largest CFO sells during the past week were: KKR & Co. LP, Denny's Corporation, NextEra Energy Inc., Hologic Inc., Ivensense Inc, and State Street Corporation.
KKR & Co. LP ( KKR ): CFO William J. Janetschek Sold 150,000 Shares
CFO William J. Janetschek sold 150,000 shares of KKR stock on 08/21/2012 at the average price of $14.53. The price of the stock has decreased by 2.48% since.
Kohlberg Kravis Roberts & Co. provides a range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients. KKR & Co. LP has a market cap of $3.37 billion; its shares were traded at around $14.17 with a P/E ratio of 12.6 and P/S ratio of 4.7. The dividend yield of KKR & Co. LP stocks is 3.6%.
KKR & Co. has released its second quarter 2012 results. In this quarter, the company reported GAAP net income of $146.3 million, up from the $39.6 million reported in the same quarter last year. The company reported ENI of $546.1 million in the second quarter of 2012, up from $315.0 million reported prior year quarter.
Denny's Corporation ( DENN ): Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger Sold 100,000 Shares
Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger sold 100,000 shares of DENN stock on 08/22/2012 at the average price of $4.79. F. Mark Wolfinger owns at least 376,809 shares after this. The price of the stock has increased by 0.84% since.
Denny's Corporation has a market cap of $467.3 million; its shares were traded at around $4.83 with a P/E ratio of 13.9 and P/S ratio of 0.9.
NextEra Energy Inc. ( NEE ): Vice Chairman and CFO Moray P. Dewhurst Sold 100,000 Shares
Vice Chairman and CFO Moray P. Dewhurst sold 100,000 shares of NEE stock on 08/20/2012 at the average price of $68.95. Moray P. Dewhurst owns at least 257,527 shares after this. The price of the stock has decreased by 1.61% since.
Nextera Energy, Inc. has a market cap of $29.03 billion; its shares were traded at around $67.84 with a P/E ratio of 15.4 and P/S ratio of 1.9. The dividend yield of Nextera Energy Inc. stocks is 3.4%. Nextera Energy Inc. had an annual average earnings growth of 5.9% over the past 10 years.
NextEra Energy Inc. reported second quarter 2012 GAAP net income of $607 million ($1.45 per share), compared with $580 million ($1.38 per share) prior year quarter. On an adjusted basis, NextEra reported earnings of $527 million, compared with $500 million last year.
Hologic Inc. ( HOLX ): Executive Vice President and CFO Glenn P. Muir Sold 68,750 Shares
Executive Vice President and CFO Glenn P. Muir sold 68,750 shares of HOLX stock on 08/22/2012 at the average price of $19.66. Glenn P. Muir owns at least 773,414 shares after this. The price of the stock has decreased by 1.02% since.
Hologic Inc. is a supplier of high quality, innovative and clinically valuable diagnostic systems and tests. Hologic Inc. has a market cap of $5.26 billion; its shares were traded at around $19.46 with a P/E ratio of 14.6 and P/S ratio of 2.9.
Hologic Inc. has released its third quarter 2012 results ended June 23, 2012. In this quarter, the company generated revenues of $470.2 million, an increase of 4.2% over prior year quarter. GAAP net income was $23.6 million ($0.09 per share), and Non-GAAP income was $92.6 million ($0.35 per share).
InvenSense Inc. ( INVN ): CFO Alan Krock Sold 55,182 Shares
CFO Alan Krock sold 55,182 shares of INVN stock on 08/23/2012 at the average price of $13.62. The price of the stock has decreased by 1.32% since.
InvenSense Inc. provides motion processing solutions that enable a motion-based user interface for consumer electronics. Invensense Inc. has a market cap of $1.11 billion; its shares were traded at around $13.44 with and P/S ratio of 7.2.
InvenSense Inc. has released its first quarter 2013 results. First quarter net revenues was $39.2 million, up from $35.6 million prior year quarter. Net income for this quarter was $7.7 million, or $0.09 per diluted share. At the end of this quarter, InvenSense Inc. had $157.5 million in cash and cash equivalents.
President, CEO, Chairman and 10% Owner Steven Saeed Nasiri sold 10,000 shares of INVN stock on 08/21/2012 at the average price of $13.87.
State Street Corporation ( STT ): Executive Vice President and CFO Edward J. Resch Sold 50,000 Shares
Executive Vice President and CFO Edward J. Resch sold 50,000 shares of STT stock on 08/22/2012 at the average price of $41.81. Edward J. Resch owns at least 383,847 shares after this. The price of the stock has decreased by 0.93% since.
State Street Corporation is the world's specialist in providing sophisticated global investors with investment servicing, investment management,investment researchand trading services. State Street Corporation has a market cap of $20.48 billion; its shares were traded at around $41.42 with a P/E ratio of 11.2 and P/S ratio of 2.1. The dividend yield of State Street Corporation stocks is 2.3%. State Street Corporation had an annual average earnings growth of 1% over the past 10 years.
State Street Corporation reported second quarter 2012 EPS of $0.98, down from $1.00 in the same quarter last year. Revenue in the second quarter was $2.42 billion, down 3% from prior year quarter. Return on average shareholders equity was 10%, compared to 10.6% in 2011.
For the complete list of stocks that Sold by their CFOs, go to: Insider Buys .
Read More:
GuruFocus Insider Data
Insider Buys
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
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.
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Denny's Corporation ( DENN ): Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger Sold 100,000 Shares Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger sold 100,000 shares of DENN stock on 08/22/2012 at the average price of $4.79. According to GuruFocus Insider Data , the largest CFO sells during the past week were: KKR & Co. LP, Denny's Corporation, NextEra Energy Inc., Hologic Inc., Ivensense Inc, and State Street Corporation. Denny's Corporation has a market cap of $467.3 million; its shares were traded at around $4.83 with a P/E ratio of 13.9 and P/S ratio of 0.9.
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Denny's Corporation ( DENN ): Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger Sold 100,000 Shares Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger sold 100,000 shares of DENN stock on 08/22/2012 at the average price of $4.79. According to GuruFocus Insider Data , the largest CFO sells during the past week were: KKR & Co. LP, Denny's Corporation, NextEra Energy Inc., Hologic Inc., Ivensense Inc, and State Street Corporation. Denny's Corporation has a market cap of $467.3 million; its shares were traded at around $4.83 with a P/E ratio of 13.9 and P/S ratio of 0.9.
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Denny's Corporation ( DENN ): Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger Sold 100,000 Shares Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger sold 100,000 shares of DENN stock on 08/22/2012 at the average price of $4.79. According to GuruFocus Insider Data , the largest CFO sells during the past week were: KKR & Co. LP, Denny's Corporation, NextEra Energy Inc., Hologic Inc., Ivensense Inc, and State Street Corporation. Denny's Corporation has a market cap of $467.3 million; its shares were traded at around $4.83 with a P/E ratio of 13.9 and P/S ratio of 0.9.
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According to GuruFocus Insider Data , the largest CFO sells during the past week were: KKR & Co. LP, Denny's Corporation, NextEra Energy Inc., Hologic Inc., Ivensense Inc, and State Street Corporation. Denny's Corporation ( DENN ): Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger Sold 100,000 Shares Executive Vice President, Chief Admin Officer & CFO F. Mark Wolfinger sold 100,000 shares of DENN stock on 08/22/2012 at the average price of $4.79. Denny's Corporation has a market cap of $467.3 million; its shares were traded at around $4.83 with a P/E ratio of 13.9 and P/S ratio of 0.9.
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47b564be-6aeb-40ee-a5d2-5a9dc3ea3c3b
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727483.0
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2012-08-03 00:00:00 UTC
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Denny's Disappoints in 2Q - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-disappoints-in-2q-analyst-blog-2012-08-03
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nan
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nan
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Denny's Corporation ( DENN ) recently reported second quarter 2012 earnings of 5 cents per share, missing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by 3 cents. Earnings per share included the refinancing of credit facility which led to a charge of $7.9 million for other non-operating expenses.
Total revenue declined 8.2% year over year to $124.7 million lagging the Zacks Consensus Estimate by a slight margin.
Performance Highlights
During the quarter, sales at the company-operated restaurants declined 12.5% year over year to $91.2 million, due to 36 less operating units as compared to the prior year, as well as flat same-restaurant sales improvement .
Franchise and license revenue increased 5.3% to $33.5 million, attributable to improvement in comps and increased royalty of $0.9 million, propelled by 51 additional franchised restaurants in operation at the end of the quarter compared with the year-ago quarter.
System-wide same-restaurant sales (comps) nudged up 0.8% on a flat growth in company-operated units and 0.9% raise in franchised units marking the fifth consecutive quarter of positive comps. This was a docile improvement over a 2.0% growth in overall comps witnessed in the year-earlier quarter. Same-store guest count slid 1.6% but guest check average inched up 1.7%. Both the matrices exhibited a downward trend from the year-ago level.
Company-operated restaurants' operating margin enhanced 150 basis points (bps) to 14.8% due to lower payroll and benefit costs as well as other operating costs. Franchise operating margin expanded 80 bps to 66.0%, attributable to a decline in occupancy costs. Hence, total operating margin expanded 300 bps to 28.5%.
Store Update
During the quarter, Denny's closed 5 system-wide units, including 3 company-owned and 2 franchised and licensed restaurants. The company did not open any company-owned unit in the quarter, but opened 9 franchised ones including two international units in the Dominican Republic and Canada. The company also refranchised 17 units in the quarter. At quarter-end, the company had 177 company-owned and 1,507 franchised and licensed restaurants.
In 2012, Denny's plans to open 40-50 new restaurants, with 1 company-owned unit and rest franchised units. The company also expects to transform additional 7-12 units in franchised form in the second half of 2012 that translates into 30-35 units for full-year 2012.
Liquidity
Denny's ended the quarter with cash and cash equivalents of $21.0 million and shareholders' deficit of $2.8 million.
Share Repurchase
The company bought back 1.4 million shares in the second quarter.
Outlook
For 2012, Denny's continues to expect company-operated same-store sales growth in the range of flat to 2% and franchise same-store sales to be between 1.0% and 3.0%. Guidance for adjusted income before taxes and capital expenditure are reaffirmed at $45.0-$49.0 million and $15.0-$16.0 million range, respectively. The franchisor and operator of one of America's largest full-service restaurant chains also reiterated free cash flow guidance in the range of $51.0-$55.0 million.
Our Take
The lower-than-expected results at Denny's as well as slowdown in key matrices call for a cautious view for the upcoming quarter. There was also no surprise from the guidance point of view. The careful trend can be validated by the slash in the Zacks Estimate by one analyst from 9 to 8 cents. No analyst revised the estimate upward. However, we believe, Denny's is still in the transitional stage and will take some time to stabilize the operation both at company-owned and franchised units.
On the positive side, the company has potential for international expansion. Apart from the recent deal to foray into China, Denny's has its presence in countries like Costa Rica, Mexico, Honduras, Curaçao, Puerto Rico, Dominican Republic and Canada.
Denny's, which competes with the likes of Kona Grill Inc. ( KONA ), currently retains a Zacks #3 Rank, which translates into a short-term 'Hold' rating. We are maintaining our long-term "Neutral" recommendation on the stock.
DENNY'S CORP (DENN): Free Stock Analysis Report
KONA GRILL INC (KONA): 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.
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Store Update During the quarter, Denny's closed 5 system-wide units, including 3 company-owned and 2 franchised and licensed restaurants. Apart from the recent deal to foray into China, Denny's has its presence in countries like Costa Rica, Mexico, Honduras, Curaçao, Puerto Rico, Dominican Republic and Canada. Denny's Corporation ( DENN ) recently reported second quarter 2012 earnings of 5 cents per share, missing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by 3 cents.
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DENNY'S CORP (DENN): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) recently reported second quarter 2012 earnings of 5 cents per share, missing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by 3 cents. Store Update During the quarter, Denny's closed 5 system-wide units, including 3 company-owned and 2 franchised and licensed restaurants.
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Denny's Corporation ( DENN ) recently reported second quarter 2012 earnings of 5 cents per share, missing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by 3 cents. Store Update During the quarter, Denny's closed 5 system-wide units, including 3 company-owned and 2 franchised and licensed restaurants. In 2012, Denny's plans to open 40-50 new restaurants, with 1 company-owned unit and rest franchised units.
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Denny's Corporation ( DENN ) recently reported second quarter 2012 earnings of 5 cents per share, missing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by 3 cents. Store Update During the quarter, Denny's closed 5 system-wide units, including 3 company-owned and 2 franchised and licensed restaurants. In 2012, Denny's plans to open 40-50 new restaurants, with 1 company-owned unit and rest franchised units.
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c78fb0e2-85d8-4c67-814b-bd7d9a78f578
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727484.0
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2012-07-10 00:00:00 UTC
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Denny's Forays into China - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-forays-into-china-analyst-blog-2012-07-10
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nan
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nan
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Denny's Corporation ( DENN ) has recently forged a deal with Great China International Group ("GCIG") to expand its footprint in one of the most dynamic markets in the world. Per the agreement, the group will set up 50 Denny's restaurants in China over the next 15 years.
The terms of the deal were not disclosed. The outlets will be located in six provinces of southern China namely Guangdong, Fujian, Guizhou, Jiangxi, Chongqing and Sichuan. The first unit is slated for a 2013 opening.
The latest alliance replicates management's intent to make China one of the prime markets for international expansion considering its stepped-up economic growth and under-penetration of quick-service restaurants in North American countries. The deal also marks the company's entry into China and the brand's biggest international expansion plan to date.
Operating 1,680 franchised, licensed, and company-owned eateries globally, Denny's presently remains on an expansion spree both on domestic and international fronts. Apart from last month's entry into the Dominican Republic, Denny's has its presence in other south and Latin American countries like Costa Rica, Mexico, Honduras, Curaçao and Puerto Rico.
According to the company, the brand has so far been well accepted abroad. In fact, Denny's intends to capitalize on this opportunity by expanding in new as well as existing markets. The latest China deal with GCIG is one such effort.
GCIG, one of the largest business groups in China, has superior local market knowledge and a proven track record of venturing into industries as diverse as finance, real estate, commercial development, hotels, food service, television media, energy resources and port logistics.
The group has also developed some eminent Western hotel brands like Hilton and Sheraton. The franchise partner also seems excited about working with one of America's largest full-service family restaurant chains encouraged by strong international response to the brand.
However, the Chinese market is not free from competition. Following the growing demand for American dining brands, several U.S. restaurateurs like Yum! Brands Inc. ( YUM ) and McDonald's Inc. ( MCD ) are currently serving the market with a much wider scale of operation.
In fact, since the last couple of quarters, China is driving Yum! Brands' growth story. In February, Yum! commented that Chinese consumers are likely to double over the next decade as urbanization steps up. Growing income for the larger populace also makes China a lucrative investment proposition. However, to be distinctive in this competitive market, Denny's will have to bring about varieties in menu to attract consumers from various social strata as well as focus on value offerings.
Denny's currently retains a Zacks #3 Rank that translates into a short-term Hold rating. We are maintaining our long-term Neutral recommendation on the stock.
DENNY'S CORP (DENN): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
YUM! BRANDS INC (YUM): 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.
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Apart from last month's entry into the Dominican Republic, Denny's has its presence in other south and Latin American countries like Costa Rica, Mexico, Honduras, Curaçao and Puerto Rico. Denny's Corporation ( DENN ) has recently forged a deal with Great China International Group ("GCIG") to expand its footprint in one of the most dynamic markets in the world. Per the agreement, the group will set up 50 Denny's restaurants in China over the next 15 years.
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DENNY'S CORP (DENN): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report YUM! Denny's Corporation ( DENN ) has recently forged a deal with Great China International Group ("GCIG") to expand its footprint in one of the most dynamic markets in the world. Per the agreement, the group will set up 50 Denny's restaurants in China over the next 15 years.
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Denny's Corporation ( DENN ) has recently forged a deal with Great China International Group ("GCIG") to expand its footprint in one of the most dynamic markets in the world. DENNY'S CORP (DENN): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report YUM! Per the agreement, the group will set up 50 Denny's restaurants in China over the next 15 years.
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Denny's Corporation ( DENN ) has recently forged a deal with Great China International Group ("GCIG") to expand its footprint in one of the most dynamic markets in the world. Per the agreement, the group will set up 50 Denny's restaurants in China over the next 15 years. Operating 1,680 franchised, licensed, and company-owned eateries globally, Denny's presently remains on an expansion spree both on domestic and international fronts.
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044d4289-1c04-494a-ac97-5f37812e6d4b
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727485.0
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2012-06-27 00:00:00 UTC
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Denny's Enters Dominican Republic - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-enters-dominican-republic-analyst-blog-2012-06-27
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nan
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nan
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Denny's Corporation ( DENN ) recently unveiled its first franchised outlet in the Dominican Republic in association with one of its most recent international partners Grupo Nahas. With this opening at the Food Court of Las Americas International Airport in Santo Domingo, Denny's made its debut internationally in an airport site.
Denny's has been eyeing both conventional and non-conventional locations. Apart from airports, university campuses across the country are also the top choices for Denny's. During 2011, it unveiled five licensed units on university campuses.
Santo Domingo is considered one of the most dynamic economies in the Caribbean catering to both business and leisure travelers. Hence, the opening at Las Americas airport is strategically deemed apt.
The development partner Grupo Nahas boasts of significant local market knowledge and has a proven track of operating a few leading hotels in that market, including Intercontinental Hotels Group plc ( IHG ). The franchisee Grupo Nahas also seems excited about working with one of America's largest full-service family restaurant chains.
Presently operating 1,680 franchised, licensed, and company-owned eateries globally, Denny's remains in an expansion mode both on domestic and international fronts. Apart from the recent entry into Dominican Republic, Denny's has its presence in other south and Latin American countries like Costa Rica, Mexico, Honduras, Curaçao and Puerto Rico. According to the company, the brand has so far been well-accepted abroad and intends to capitalize the opportunity fully by expanding in new as well as existing markets.
During its first quarter of 2012, Denny's closed 11 system-wide units and opened 6 franchised and licensed units, including two international units in Puerto Rico and Canada. At the end of the quarter, the company had 197 company-owned and 1,483 franchised and licensed restaurants. For full fiscal 2012, Denny's plans to open 40-50 new restaurants, with 1 company-owned unit and the rest franchised.
Denny's, which competes with the likes of Kona Grill Inc. ( KONA ) currently, retains a Zacks #2 Rank that translates into a short-term 'Buy' rating. We are maintaining our long-term "Neutral" recommendation on the stock.
DENNY'S CORP (DENN): Free Stock Analysis Report
INTERCONTL HTLS (IHG): Free Stock Analysis Report
KONA GRILL INC (KONA): 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.
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Presently operating 1,680 franchised, licensed, and company-owned eateries globally, Denny's remains in an expansion mode both on domestic and international fronts. Apart from the recent entry into Dominican Republic, Denny's has its presence in other south and Latin American countries like Costa Rica, Mexico, Honduras, Curaçao and Puerto Rico. Denny's Corporation ( DENN ) recently unveiled its first franchised outlet in the Dominican Republic in association with one of its most recent international partners Grupo Nahas.
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With this opening at the Food Court of Las Americas International Airport in Santo Domingo, Denny's made its debut internationally in an airport site. During its first quarter of 2012, Denny's closed 11 system-wide units and opened 6 franchised and licensed units, including two international units in Puerto Rico and Canada. DENNY'S CORP (DENN): Free Stock Analysis Report INTERCONTL HTLS (IHG): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report To read this article on Zacks.com click here.
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With this opening at the Food Court of Las Americas International Airport in Santo Domingo, Denny's made its debut internationally in an airport site. During its first quarter of 2012, Denny's closed 11 system-wide units and opened 6 franchised and licensed units, including two international units in Puerto Rico and Canada. DENNY'S CORP (DENN): Free Stock Analysis Report INTERCONTL HTLS (IHG): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report To read this article on Zacks.com click here.
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With this opening at the Food Court of Las Americas International Airport in Santo Domingo, Denny's made its debut internationally in an airport site. DENNY'S CORP (DENN): Free Stock Analysis Report INTERCONTL HTLS (IHG): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) recently unveiled its first franchised outlet in the Dominican Republic in association with one of its most recent international partners Grupo Nahas.
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70a51e4c-88e2-4e01-94e0-68ca0bb83366
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727486.0
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2012-06-20 00:00:00 UTC
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Restaurant Stock Review & Outlook - June 2012 - Industry Outlook
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DENN
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https://www.nasdaq.com/articles/restaurant-stock-review-outlook-june-2012-industry-outlook-2012-06-20
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nan
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nan
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The U.S. restaurant industry has ended the first half of 2012 on a positive note despite nagging sovereign debt issues in Europe and faltering domestic consumer confidence. The strength was backed by modest traffic improvement and the consequent rise in comparable store sales. Easy comparisons from 2011 will likely place forthcoming performance of 2012 in a brighter light.
Statistics bear out this relatively favorable environment. A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index (RPI), measuring the present condition and outlook on the U.S. restaurant industry, was 101.6 in April, slightly down from the extremely strong level of 102.2 in March. Despite the decline, January characterized the sixth consecutive month in which RPI stood above 100. This RPI run-rate in the last six months connotes improvement in comparable store sales and customer traffic.
Most of the restaurant operators reported positive same-store sales and a majority of them expect business to gain momentum in the months ahead.
The Current Situation Index, which measures comparable store sales, traffic count, labor costs and capital expenditures in the restaurant industry, was 101.0 in April, down 1.0% sequentially. The Expectations Index, which measures restaurant operators' six-month outlook on the above indicators, was 102.2, slightly down from 102.4 in March. This was the eighth consecutive month that the Expectations Index remained above 100. Restaurant operators' capital spending plans are also riding uphill, reaffirming their positive outlook on the industry.
All these culminate to the general optimism in the sector. We are hopeful that restaurant companies will continue to deliver better numbers in the upcoming quarter despite macroeconomic weaknesses. An improving outlook can be validated by the NPD foodservice market research report, which stated that annual visits to restaurants will increase by 8% in the next decade.
Road Ahead
We see modest top- and bottom-line trends in 2012. According to a research conducted by National Restaurant Association, the restaurant industry is projected to expand in 2012 despite the sluggish U.S. recovery. Focus on cost containment, extra value-for-price and international expansion are on most restaurateurs' wish-list to tide over the macro difficulties. The research firm estimates total restaurant industry sales to increase 3.5% year over year to $632 billion in 2012, thus marking the second consecutive year of total industry sales of more than $600 billion.
Most of the restaurant operators are passing on higher costs to consumers in order to mitigate commodity pressures. The companies that are well positioned are likely to enjoy pricing power and in turn same-store sales increase. The improvement in the U.S. economy is slow but palpable. But a sluggish labor market, over-supply of restaurants in the industry, a still-hot food cost environment, a still elevated unemployment level, credit unavailability, and weak income growth may weigh on industry profitability.
Restaurants have been trying to win back cash-conscious guests by revamping promotions and focusing on value-for-meal menus. However, the tendency to offer discounts has been moderating. We remain cautiously optimistic over the near-to-medium term.
OPPORTUNITIES
Improved Californian Market
The core California market, which was badly hit by the recession resulting in a high rate of unemployment and weak consumer confidence, has turned around. We see plenty of growth opportunities in the California and Texas markets. BJ's Restaurants ( BJRI ) and Red Robin Gourmet Burgers Inc. ( RRGB ) are expanding rapidly in California.
Job Growth in the Sector
The restaurant industry is one of the major contributors to job growth in the U.S. In 2011, total U.S. employment grew 1.0% while restaurant employment increased 1.9%. According to the National Restaurant Association, overall restaurant industry employment will reach 12.9 million in 2012, accounting for 10% of the total U.S. workforce. This projected employment figure represents year-over-year growth of 2.3% while total U.S. employment is believed to grow 1.3%. Among all markets, Texas and Florida are envisioned to see maximum job growth, among all other markets in the restaurant industry over the next 10 years.
Domestic and International Unit Expansion
Emerging from a lackluster economy from more than two years back, most of the companies have accelerated their pace of restaurant openings. A relative recovery in consumer confidence has also encouraged companies to return to unit expansion.
In fact, the companies are also exploring international markets. Restaurateurs are primarily concentrating on emerging markets that provide ample opportunities for expansion. Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. McDonald's Corp. ( MCD ) and Yum! Brands Inc. ( YUM ) already have considerable coverage in India. They are aggressively expanding in China to capitalize on the fast-paced economic growth over there. Some European countries including U.K., Germany and France are also not far behind.
Remodels and Menu Innovations Remain Key to Success
Additionally, restaurants are accessing different means to plug the problems of heightened competition in a somewhat over-supplied domestic market. Companies continue to reduce their energy consumption and are remodeling their restaurants to give an upmarket feel. They are rolling out new, smaller prototypes to augment the perception of value and drive traffic, thereby reducing construction and occupancy costs to enhance returns on capital. McDonald's is continuously benefiting from its reimaging. This year, the company expects to see a comps gain of 5-6% from its "facelifts."
This is not the end. Having stabilized their financial positions, the operators are well poised to bring newer offerings to their menu card in 2012 in order to cater to the ever-changing demands of customers. Limited Time Offers are also gaining attention.
Marketing Tools
Social media as a marketing tool has taken the industry by storm. Most of the operators rely on social media for promotion. Hence, we believe they are likely to incorporate Facebook, online review sites, Twitter and blogs aggressively into their marketing mix going forward. National Television advertising is also an important tool for promotion. A company like Panera Bread Co. ( PNRA ), successful even during the recession, increased its advertising spending by 26% for 2012 over an above 32% increment in 2011.
Loyalty Program
As per research conducted by National Restaurant Association, restaurateurs are offering loyalty programs at their units to enhance value dining. Amid the prevailing environment where customers spend less enthusiastically on dining and seek incentives for doing so, approximately 30% of restaurant operators are frequently coming up with diner programs to hone sales further. The operators have now started to leverage the trend. For example, Panera Bread rolled out "My Panera" loyalty program in November 2010. Since its inception, the program has developed a database of over 10.4 million registered users in March 2012 (up from 9.5 million in the prior quarter).
Pricing Power
We have seen most of the companies take pricing action in last few months. The faster-rising inflation of food at home compared to food away from home might allow the U.S. eateries some room to take additional pricing actions in the near term.
Growing Fast-Casual Segment
According to a recent NPD foodservice market research report, fast casual is the only restaurant segment growing at a steady pace in the last five years. The segment quintessentially offers healthier options with respect to menu with a premium setting and rational pricing. The highlight of this segment is the counter service, which considerably saves on labor costs. Panera Bread, Noodles & Company, Five Guys and Pei Wei are some restaurateurs enjoying their positioning in this category. The segment comprises a small part of the industry sales, leaving further scope for growth.
Franchise-Driven Business Model
Most of the companies are transforming to more a franchise-centric model to reduce the volatility in earnings and increase cash flow generation. Franchising is also an important factor for international development. However, Panera Bread is more inclined toward company-owned unit openings, which speak well of its fundamental strength and make us optimistic on the stock.
Breakfast & Beverage: A Breakout
Breakfast has accounted for nearly 60% of the U.S. restaurant industry and remains a key driver of traffic growth in recent years. Leveraging the trend, Jamba Inc. ( JMBA ), The Wendy's Company ( WEN ) and Yum! Brands ( YUM ) all have expedited their breakfast menu. McDonald's is yet another beneficiary of the increasingly popular breakfast menu.
According to an analysis by NPD, which has a ten-year projection of foodservice trends based on aging, population growth and trend momentum, servings of breakfast sandwiches are projected to outpace the industry's growth forecast. Annual servings per capita of breakfast sandwiches at foodservice are expected to jump from 11 in 2004 to 14 in 2019.
Non-alcoholic beverages remain a sweet spot in the U.S. eateries. According to Mintel Global Market Navigator, the U.S. fruit juice drinks market expanded by 1% in 2011. This was a steady gain on the 1.7% fall recorded in 2009 and breakeven in 2010. The market also has the ability to grow further through innovation, especially in healthier solutions.
We see juicing giant Jamba geared up to leverage the trend by adding all-fruits to its line-up. There are other players like sector behemoths Starbucks venturing into the $50 billion category of healthy juices and McDonald's specializing in both frozen as well as hot beverages. McDonald's has been delivering strong comparable sales in the U.S., buoyed by its McCafe line.
We see continued sales recovery in the next few months as cold beverages provide a higher run in comps against hot beverages in winter.
M&A Activity
Merger and acquisition activity is also gaining momentum in the sector. The companies are looking at potential business partners to foray into different zones and unlock value. Private equity firms are citing potential in restaurant industry and accordingly plunging into the buyout deals. Some recent deals include the proposed sale of Benihana by a private equity group Angelo, Gordon & Co., P.F. Chang's China Bistro's ( PFCB ) takeover by Centerbridge Partners, Fidelity National Financial's acquisition of O'Charley's.
Apart from acquisitions, the companies are also divesting their slow-moving brands in order to spur growth. For example, Yum! Brands disposed two of its brands Long John Silver's and A&W, Wendy's broke up with Arby's and Frisch's Restaurants Inc. ( FRS ) divested all its Golden Corral operations.
Currently, there are a number of stocks in the restaurant with a Zacks #1 Rank (short-term Strong Buy rating). These include Brinker International Inc. ( EAT ), Einstein Noah Restaurant Group Inc. ( BAGL ) and Jamba. Companies with Zacks #2 Ranks (short-term Buy rating) include Benihana Inc. ( BNHN ), Cosi Inc. ( COSI ), Texas Roadhouse Inc. ( TXRH ), Kona Grill Inc. ( KONA ).
WEAKNESSES
Higher Cost Structure
We remain wary of the rising commodity costs of the restaurant industry. Food costs account for about one-third of restaurant sales. Wholesale food prices increased in 2011. Beef prices continue to rise in 2012 on a year-over-year basis. Companies like Red Robin Burger, McDonald's and Texas Roadhouse, which are exposed to the beef market, often feel the brunt of price inflation. A continued rise in traditional wing prices, which had been favorable earlier, is another weak pocket in 2012.
Seafood prices are also creeping up, putting companies like Darden's margin at stake. However, some
softening is being noticed in dairy as well as produce prices. A few companies are expecting food cost inflation to moderate, especially in the latter half of 2012.
According to the Green Restaurant Association, restaurants account for one-third of all the U.S. energy used by the retail sector. Hence, rise in energy costs remain another risk to the restaurateurs.
Most of the restaurants safeguard their margins by passing the cost hike onto consumers. While big and established chains like McDonalds, Yum! Brands and Starbucks will survive the price increases due to their broad customer base and larger economies of scale, smaller chains will feel the cost pressure.
Steep Competition and Promotional Offers
The restaurant industry is still value-sensitive. High discount rates applied to menu prices in order to battle difficult economic conditions are resulting in price wars among competitor companies. Hence, the failure of any promotional offer will put pressure on the company's same-restaurant sales growth.
Decelerating Growth in Asia
Growth has been moderating in Asia, especially in two major countries -- China and India -- where major eateries are exploring expansion opportunities in response to the saturation in the U.S market. Steep decline in export to developed economies, lack of foreign capital inflow, changes in internal fiscal and monetary policies led to the decline in the estimated growth rate in China and India.
According to the IMF, the Chinese economy is projected to grow 8.2% and 8.8% in 2012 and 2013, respectively, while India is expected to post 6.9% growth in 2012 and 7.3% in 2013. Japan also continues to be a dampener as it is still on the way to recovery from the last year's earthquake. The trend can be validated from the May comparable sales trend in McDonald's where comps dropped 1.7% in Asia Pacific Middle East and Africa versus a growth of 4.3% in the year-ago month.
Eurozone Debacle
To add to this, there is the overcast European financial atmosphere which has slowed down the overall growth rate in the region since the second half of 2011. Some food companies, which have so far endured the recent economic turmoil in Europe, began to believe that the implementation of austerity measures will now put pressure on its top and bottom lines. With the focus on value proposition along with less pricing power, margins will likely be hassled there, at least in the near term until any concrete solution crops up.
Stringent Food Standards
Consumer's inclination toward fresh organic menu as well as the fuss about nutrition is considered to be a tough benchmark in the restaurant industry. Consumers generally tend to visit restaurants offering locally produced food. While these criteria are giving a competitive advantage to companies like Chipotle, many others are sometimes finding the standard tough.
Restaurant and beverage companies' momentum will likely be hitched in New York area in the near term as Mayor Bloomberg is trying to forbid the sale of large sodas and sugar drinks. This ban, if implemented, could prove pricey for the fast-food industry as soft drinks carry a high margin.
Given the lack of overall earnings catalysts, it's hard to be upbeat about a number of restaurant stocks. There are quite a few names on which we have a cautious outlook. These include Domino's Pizza Inc. ( DPZ ), DRI Restaurants Inc. ( DRI ), The Cheesecake Factory ( CAKE ) Panera Bread and Yum! Brands, all of which retain the Zacks #3 Rank (short-term Hold). McDonald's, Carrols Restaurant and Krispy Kreme Doughnuts, Inc. ( KKD ) still carry a Zacks #4 Rank (short-term Sell).
Conclusion
The restaurant industry is still not immune to uncertainties in the macro-economy. Industry behemoths like McDonald's are caught up with difficulties like implementation of austerity measures in Europe, increasing commodity costs in the U.S. and sluggish growth in Asia. On the domestic front, although the economy has been improving, full-fledged consumer response has yet to be seen. They are slowly regaining confidence and cautiously dining out. We believe the companies with strong cash flow generation will survive the market volatility.
EINSTEIN NOAH (BAGL): Free Stock Analysis Report
CHIPOTLE MEXICN (CMG): Free Stock Analysis Report
DENNY'S CORP (DENN): Free Stock Analysis Report
DOMINOS PIZZA (DPZ): Free Stock Analysis Report
DARDEN RESTRNT (DRI): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
PANERA BREAD CO (PNRA): Free Stock Analysis Report
RUBY TUESDAY (RT): Free Stock Analysis Report
STARBUCKS CORP (SBUX): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
WENDYS CO/THE (WEN): Free Stock Analysis Report
YUM! BRANDS INC (YUM): Free Stock Analysis Report
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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.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. EINSTEIN NOAH (BAGL): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! The Current Situation Index, which measures comparable store sales, traffic count, labor costs and capital expenditures in the restaurant industry, was 101.0 in April, down 1.0% sequentially.
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EINSTEIN NOAH (BAGL): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. These include Brinker International Inc. ( EAT ), Einstein Noah Restaurant Group Inc. ( BAGL ) and Jamba.
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EINSTEIN NOAH (BAGL): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index (RPI), measuring the present condition and outlook on the U.S. restaurant industry, was 101.6 in April, slightly down from the extremely strong level of 102.2 in March.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. EINSTEIN NOAH (BAGL): Free Stock Analysis Report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report DENNY'S CORP (DENN): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Most of the restaurant operators reported positive same-store sales and a majority of them expect business to gain momentum in the months ahead.
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2012-05-31 00:00:00 UTC
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DineEquity to Divest 33 Applebee's - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dineequity-to-divest-33-applebees-analyst-blog-2012-05-31
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nan
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nan
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DineEquity Inc. ( DIN ) recently announced that it has struck a deal with Apple Franchise Capital, LLC to sell 33 company-owned Applebee's restaurants in Missouri and Indiana for about $26 million. The company intends to reduce its financial obligations and shift toward a franchise-based model through this deal. The transaction is expected to close in the third quarter of 2012.
Moreover, on the first day of this month, the company also announced the sale of 39 company-operated Applebee's restaurants in Virginia and expects to clinch this deal also in the third quarter of 2012.
During the first quarter, DineEquity completed the sale of 17 company-operated Applebee's restaurants located in a six-state market around Tennessee, consistent with the company's strategy of becoming highly franchised.
Following the footsteps of other noted restaurant companies in the U.S., DineEquity is also shifting its focus toward franchised operations from company-owned restaurants as a de-risking strategy, given that expansion through franchising is less capital intensive and income is fixed in the form of fee.
DineEquity acquired Applebee's International in November 2007 in a $2 billion leveraged buyout. Since then, the company has sold a total of 342 Applebee's company-operated restaurants.
The sale of company-owned Applebee's restaurants has reduced the debt burden of the company considerably by the use of free cash flow. As of March 31, 2012, the company's long-term debt liability was $1,338.0 million compared with $1,411.4 million as of December 31, 2011. During the quarter, the company reduced its total debt burden by $85.9 million.
At the end of the first quarter, more than 95% of DineEquity's Applebee's and IHOP restaurants were franchised. Upon completion of the pending sale, this percentage will rise to 97%. Although DineEquity's transition to a more franchise-based model will decrease company-owned revenues, this will enhance free cash flow generation by reducing capital employed.
For fiscal 2012, Applebee's franchise plans to open 30 to 40 restaurants, half of which are expected to open in the U.S.
With more than 3,500 Applebee's and IHOP restaurants combined, DineEquity is the largest full-service restaurant company in the world with brands leading in their respective categories of casual and family dining.
DineEquity's primary competitors are Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ).
DENNY'S CORP (DENN): Free Stock Analysis Report
DINEEQUITY INC (DIN): Free Stock Analysis Report
BRINKER INTL (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.
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DineEquity's primary competitors are Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ). DENNY'S CORP (DENN): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. DineEquity Inc. ( DIN ) recently announced that it has struck a deal with Apple Franchise Capital, LLC to sell 33 company-owned Applebee's restaurants in Missouri and Indiana for about $26 million.
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DENNY'S CORP (DENN): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. DineEquity's primary competitors are Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ). During the first quarter, DineEquity completed the sale of 17 company-operated Applebee's restaurants located in a six-state market around Tennessee, consistent with the company's strategy of becoming highly franchised.
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DineEquity's primary competitors are Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ). DENNY'S CORP (DENN): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. During the first quarter, DineEquity completed the sale of 17 company-operated Applebee's restaurants located in a six-state market around Tennessee, consistent with the company's strategy of becoming highly franchised.
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DineEquity's primary competitors are Brinker International Inc. ( EAT ) and Denny's Corporation ( DENN ). DENNY'S CORP (DENN): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, on the first day of this month, the company also announced the sale of 39 company-operated Applebee's restaurants in Virginia and expects to clinch this deal also in the third quarter of 2012.
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2012-05-21 00:00:00 UTC
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Denny's Pumps Up Buyback Activity - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-pumps-up-buyback-activity-analyst-blog-2012-05-21
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nan
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nan
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Denny's Corporation ( DENN ) recently raised its stock repurchase program by another 6 million shares, thereby maintaining the trend of returning wealth to its shareholders from time to time, depending on market conditions.
Denny's currently has approximately 1.6 million of shares remaining under the 6 million share repurchase initiated by the board in April 2011. The company anticipates completing its previous authorization in 2012.
America's leading full-service family restaurant chain stated that it allocated up to $34.8 million for share repurchases and dividends every year provided there are no compulsory debt repayments. The 34.8 million limit that the company faces will be removed as soon as its total debt ratio falls below 2 times, and a minimum of $20 million remains in its revolver.
Denny's ended first-quarter 2012 with cash and cash equivalents of $13.5 million and shareholders' deficit of $2.6 million. Over the last two years, Denny's has focused on a franchise-driven operating model to enhance its profitability and free cash flow.
Since inception of stock buyback program in the fourth quarter of 2010, Denny's returned value to shareholders through share repurchases in addition to repaying debt. We appreciate Denny's efforts to bolster long-term shareholder value. We believe that an increase in the share buyback authorization affirms the company's optimistic outlook and shows the company's confidence in its fundamentals.
At the same time, buying back shares will help the company in reducing the share count, thereby increasing earnings per share and return on equity. As of May 18, 2012, the shares of the company were trading at $3.98. The stock had historically traded between $3.10 and $4.55 in the last 12 months. Apart from bolstering shareholder value, this strategic move will also lift the relatively undervalued share price.
Denny's, which competes with the likes of Kona Grill Inc. ( KONA ), currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. We are also maintaining our long-term Neutral recommendation on the stock.
DENNY'S CORP (DENN): Free Stock Analysis Report
KONA GRILL INC (KONA): Free Stock Analysis Report
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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.
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Over the last two years, Denny's has focused on a franchise-driven operating model to enhance its profitability and free cash flow. Since inception of stock buyback program in the fourth quarter of 2010, Denny's returned value to shareholders through share repurchases in addition to repaying debt. Denny's Corporation ( DENN ) recently raised its stock repurchase program by another 6 million shares, thereby maintaining the trend of returning wealth to its shareholders from time to time, depending on market conditions.
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Denny's Corporation ( DENN ) recently raised its stock repurchase program by another 6 million shares, thereby maintaining the trend of returning wealth to its shareholders from time to time, depending on market conditions. DENNY'S CORP (DENN): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's currently has approximately 1.6 million of shares remaining under the 6 million share repurchase initiated by the board in April 2011.
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Denny's Corporation ( DENN ) recently raised its stock repurchase program by another 6 million shares, thereby maintaining the trend of returning wealth to its shareholders from time to time, depending on market conditions. Denny's currently has approximately 1.6 million of shares remaining under the 6 million share repurchase initiated by the board in April 2011. Denny's ended first-quarter 2012 with cash and cash equivalents of $13.5 million and shareholders' deficit of $2.6 million.
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Denny's Corporation ( DENN ) recently raised its stock repurchase program by another 6 million shares, thereby maintaining the trend of returning wealth to its shareholders from time to time, depending on market conditions. Denny's currently has approximately 1.6 million of shares remaining under the 6 million share repurchase initiated by the board in April 2011. Denny's ended first-quarter 2012 with cash and cash equivalents of $13.5 million and shareholders' deficit of $2.6 million.
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2012-05-04 00:00:00 UTC
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Denny's a Penny Ahead, Outlook Up - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-a-penny-ahead-outlook-up-analyst-blog-2012-05-04
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nan
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nan
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Denny's Corporation ( DENN ) recently reported first quarter 2012 earnings of 6 cents per share, surpassing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by a couple of cents. Total revenue declined 6.7% year over year to $126.7 million.
Performance Highlights
During the quarter, sales at company-operated restaurants declined 9.9% year over year to $94.2 million, due to 31 less operating units as compared to the prior year, partially offset by same-store sales growth.
Franchise and license revenue increased 4.2% to $32.6 million, attributable to improvement in comps and increased royalty of $1.2 million, propelled by 51 additional franchised restaurants in operation at the end of the quarter compared with the year-ago quarter.
System-wide same-restaurant sales (comps) upped 2.4% on a 0.8% in company-operated units and 2.7% in franchised units. This was a solid improvement over the 1.7% decline in overall same-restaurant sales recorded in the year-earlier quarter. Same-store guest count slid 1.5% but guest check average increased 2.4%.
Company-operated restaurants' operating margin enhanced 300 basis points (bps) to 15.1% due to lower payroll and benefit costs as well as other operating costs. Franchise operating margin expanded 230 bps to 65.3%, attributable to a spike in royalties and a decline in costs. Hence, total operating margin expanded 420 bps to 28.0%.
Store Update
During the quarter, Denny's closed 11 system-wide units, including 3 company-owned and 8 franchised and licensed restaurants. The company also opened 6 franchised and licensed units, including two international units in Puerto Rico and Canada. At the end of the first quarter, the company had 197 company-owned and 1,483 franchised and licensed restaurants.
In 2012, Denny's plans to open 40-50 new restaurants, with 1 company-owned unit and rest franchised units.
Financial Position
Denny's ended the quarter with cash and cash equivalents of $13.5 million and shareholders' deficit of $2.6 million.
Outlook
For 2012, Denny's continues to expect company-operated same-store sales in the range of zero to 2%, but anticipates franchise same-store sales to be between 1.0% and 3.0%, above the previous projection of 0.0% to 2.0%. Adjusted income before taxes guidance has also been raised from $41.0 million-$45.0 million to $45.0 -$49.0 million.
Our Take
Denny's better-than-expected result was attributable to comps growth, improving revenue through franchising and margin expansion. Moreover, company has raised its guidance for franchise same-store sales and adjusted income before taxes. Hence, we expect estimates to go up in the coming days. The Zacks Consensus Estimates for 2012 and 2013 are pegged at 28 cents and 34 cents, respectively.
Denny's currently retains a Zacks #3 Rank, which translates into a short-term 'Hold' rating. We are maintaining our long-term "Neutral" recommendation on the stock. On the other hand, one of Denny's primary competitors, Kona Grill Inc. ( KONA ) recently reported first quarter 2012 earnings of 13 cents per share, which comprehensively beat the Zacks Consensus Estimate by 10 cents.
DENNY'S CORP (DENN): Free Stock Analysis Report
KONA GRILL INC (KONA): 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.
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Store Update During the quarter, Denny's closed 11 system-wide units, including 3 company-owned and 8 franchised and licensed restaurants. Our Take Denny's better-than-expected result was attributable to comps growth, improving revenue through franchising and margin expansion. Denny's Corporation ( DENN ) recently reported first quarter 2012 earnings of 6 cents per share, surpassing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by a couple of cents.
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DENNY'S CORP (DENN): Free Stock Analysis Report KONA GRILL INC (KONA): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ) recently reported first quarter 2012 earnings of 6 cents per share, surpassing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by a couple of cents. Store Update During the quarter, Denny's closed 11 system-wide units, including 3 company-owned and 8 franchised and licensed restaurants.
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Denny's Corporation ( DENN ) recently reported first quarter 2012 earnings of 6 cents per share, surpassing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by a couple of cents. Store Update During the quarter, Denny's closed 11 system-wide units, including 3 company-owned and 8 franchised and licensed restaurants. In 2012, Denny's plans to open 40-50 new restaurants, with 1 company-owned unit and rest franchised units.
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Denny's Corporation ( DENN ) recently reported first quarter 2012 earnings of 6 cents per share, surpassing the Zacks Consensus Estimate by a penny and year-ago quarter earnings by a couple of cents. Store Update During the quarter, Denny's closed 11 system-wide units, including 3 company-owned and 8 franchised and licensed restaurants. In 2012, Denny's plans to open 40-50 new restaurants, with 1 company-owned unit and rest franchised units.
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2012-04-13 00:00:00 UTC
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Denny's Obtains New Credit - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-obtains-new-credit-analyst-blog-2012-04-13
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nan
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nan
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Denny's Corporation ( DENN ) recently announced that it has received a $250 million senior bank credit facility, which includes a $60 million revolving credit and $190 million term loan. The new facility refinances Denny's senior secured debt from September 2010 and amended in March 2011 that had a term loan of $250 million and a $60 million revolver.
The new credit facility will mature in 5 years and is at an interest rate lower than the prior credit. The refinancing is expected to save annualized interest expense of around $5 million, based on current interest rates.
Besides paying down the company's high-cost debt, the new credit facility will increase available fund and extend the maturity period of debt. The company believes that the new credit facility will strengthen its financial position.
The long-term debt, less current maturities of America's largest full-service family restaurant chain as of December 28, 2011 was $193.3 million, down from $234.1 million at December 29, 2010. The term loan will be paid off 10% per year on a quarterly basis with the outstanding balance payable upon maturity. Additionally, the company is open to an option to further reduce interest rates.
Denny's expects to incur a one-time charge of approximately $8 million in the second quarter of 2012 due to its new bank facility. The charges will be shown as other non-operating expense and include the unamortized portion of deferred financing costs, original issue discount related to the prior facility, and the fees associated with the new facility.
Denny's, which competes with Biglari Holdings Inc. ( BH ), AFC Enterprises Inc. ( AFCE ) and Krispy Kreme Doughnut Inc. ( KKD ), currently retains a Zacks #4 Rank, which translates into a short-term Sell rating.
AFC ENTERPRISES ( AFCE ): Free Stock Analysis Report
BIGLARI HOLDING ( BH ): Free Stock Analysis Report
DENNY'S CORP ( DENN ): Free Stock Analysis Report
KRISPY KREME ( KKD ): 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.
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Denny's expects to incur a one-time charge of approximately $8 million in the second quarter of 2012 due to its new bank facility. Denny's, which competes with Biglari Holdings Inc. ( BH ), AFC Enterprises Inc. ( AFCE ) and Krispy Kreme Doughnut Inc. ( KKD ), currently retains a Zacks #4 Rank, which translates into a short-term Sell rating. Denny's Corporation ( DENN ) recently announced that it has received a $250 million senior bank credit facility, which includes a $60 million revolving credit and $190 million term loan.
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Denny's Corporation ( DENN ) recently announced that it has received a $250 million senior bank credit facility, which includes a $60 million revolving credit and $190 million term loan. Denny's, which competes with Biglari Holdings Inc. ( BH ), AFC Enterprises Inc. ( AFCE ) and Krispy Kreme Doughnut Inc. ( KKD ), currently retains a Zacks #4 Rank, which translates into a short-term Sell rating. AFC ENTERPRISES ( AFCE ): Free Stock Analysis Report BIGLARI HOLDING ( BH ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report KRISPY KREME ( KKD ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Denny's Corporation ( DENN ) recently announced that it has received a $250 million senior bank credit facility, which includes a $60 million revolving credit and $190 million term loan. The new facility refinances Denny's senior secured debt from September 2010 and amended in March 2011 that had a term loan of $250 million and a $60 million revolver. AFC ENTERPRISES ( AFCE ): Free Stock Analysis Report BIGLARI HOLDING ( BH ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report KRISPY KREME ( KKD ): Free Stock Analysis Report To read this article on Zacks.com click here.
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The new facility refinances Denny's senior secured debt from September 2010 and amended in March 2011 that had a term loan of $250 million and a $60 million revolver. Denny's Corporation ( DENN ) recently announced that it has received a $250 million senior bank credit facility, which includes a $60 million revolving credit and $190 million term loan. Denny's expects to incur a one-time charge of approximately $8 million in the second quarter of 2012 due to its new bank facility.
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727491.0
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2012-03-13 00:00:00 UTC
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Restaurant Industry Stock Review - March 2012 - Industry Outlook
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DENN
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https://www.nasdaq.com/articles/restaurant-industry-stock-review-march-2012-industry-outlook-2012-03-13-0
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nan
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nan
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these remain issues, the outlook for the U.S. economy has significantly i
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these remain issues, the outlook for the U.S. economy has significantly i
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these remain issues, the outlook for the U.S. economy has significantly i
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these remain issues, the outlook for the U.S. economy has significantly i
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these remain issues, the outlook for the U.S. economy has significantly i
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a6c7b316-39fd-42be-820a-5781c9fd183f
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727492.0
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2012-03-13 00:00:00 UTC
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Restaurant Industry Stock Review - March 2012 - Zacks Analyst Interviews
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DENN
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https://www.nasdaq.com/articles/restaurant-industry-stock-review-march-2012-zacks-analyst-interviews-2012-03-13
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nan
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nan
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these remain issues, the outlook for the U.S. economy has significantly improved lately.
But despite these odds, restaurant operators have managed to post improved results in the last few months on the back of modest traffic improvement and the consequent rise in comparable store sales. Easy comparisons from the prior year placed performance of 2011 in a brighter light. Encouraging guidance delivered by most of the companies also indicate a return to solid comps.
With some expected turnaround in Greece's debt situation and a slowly reviving U.S. economy, consumers are expected to attain confidence in the market and increase their discretionary spending. Alongside, restaurant operators are also focusing on cost containment, value-for-price and last but not the least international expansion to tide over the difficulties.
A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index ( RPI ), measuring the present condition and outlook on the U.S. restaurant industry, was 101.3 in January, down from December's extremely strong level of 102.2. Despite the decline, January characterized the third consecutive month in which RPI stood above 100. This RPI run-rate in the last three months connotes improvement in comparable store sales and customer traffic.
Restaurant operators reported positive same-store sales for the eighth consecutive month, and a majority of them expect business to continue to improve in the months ahead.
The Current Situation Index, which measures comparable store sales, traffic count, labor costs and capital expenditures in the restaurant industry, was 100.6 in January, down 1.5% from December's seven-year high of 102.1. The Expectations Index, which measures restaurant operators' six-month outlook on the above indicators, stood at 102.1, almost flat from the prior month's level of 102.3. This was the fifth consecutive month that the Expectations Index remained above 100. Restaurant operators' capital spending plans are also riding uphill, strongly reaffirming their positive outlook on the industry.
All these culminate to the general optimism in the sector. We are hopeful that restaurant companies will continue to deliver better numbers in the upcoming quarter as opposed to the year-earlier period. An improving outlook can be validated by the NPD foodservice market research report, which stated that annual visits to restaurants will increase by 8% over the next ten years.
Road Ahead
Looking ahead, we see modest top-line as well as bottom-line trends. According to a research conducted by National Restaurant Association, the restaurant industry is projected to expand in 2012 despite sluggish U.S. recovery. The research firm estimates total restaurant industry sales to increase 3.5% year over year to a record high $632 billion, thus marking the second consecutive year of total industry sales of more than $600 billion.
Most of the restaurant operators are passing on higher costs to consumers in order to mitigate commodity pressure this year, and we expect this trend to continue in 2012. The companies that are well positioned are likely to enjoy pricing power and, in turn, same-store sales increase. The improvement in the U.S. economy is slow but palpable. But a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still elevated unemployment level, credit unavailability, and weak income growth may weigh on industry profitability.
Restaurants have been trying to win back cash-conscious guests by revamping promotions, offering discounts and focusing on value-for-meal menus. However, the tendency to offer discounts has been moderating. We remain cautiously optimistic over the near-to-medium term, with consumers continuing to look for value, distinct dining experiences, as well as convenient and enhanced menu deals in a gradually improving economic backdrop.
Drivers of the Restaurant Industry
The U.S. restaurant industry consists of Quick Service Restaurants (QSR), Fast Casual, Casual Dining, Non-Commercial and Fine Dining/Upscale restaurants.
In the midst of what might be called a lukewarm recovery, there are four potential drivers of net income growth for the restaurant industry: unit expansion, same-store sales, cost-containment efforts and marketing tools.
Unit Expansion: Emerging from a lackluster economy two years back, most of the companies have accelerated their pace of restaurant openings. A relative recovery in consumer confidence has also encouraged companies to return to unit expansion.
In fact, the companies are also exploring international markets. Restaurateurs are primarily concentrating on Canada, the Middle East and Southeast Asia for expansion. Some European countries including U.K., Germany and France are not far behind.
Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. McDonald's Corp. ( MCD ) and Yum! Brands Inc. ( YUM ) already have considerable coverage in India. They are now aggressively expanding in China to capitalize on the fast-paced economic growth there.
Same-Store Sales: The second driver consists of menu price increases and traffic counts. Most of the restaurant operators reported positive same-store sales and customer traffic growth in the recent months. Growth in menu price has accelerated, as per figures from the Bureau of Labor Statistics.
Cost-Containment Efforts: Some cost cuts have been achieved through integrated information systems, including point-of-sale, automated kitchen display, labor-scheduling and theoretical food cost systems.
Marketing Tools: Social media as a marketing tool has taken the industry by storm. Most of the operators rely on social media for promotion. Hence, we believe they are likely to incorporate Facebook, online review sites, Twitter and blogs aggressively into their marketing mix going forward. National Television advertising is also an important tool for promotion. A company like Panera Bread Co. ( PNRA ), successful even in time of recession, plans to increase its advertising spending by 26% in 2012 over an above-32% increment in 2011.
OPPORTUNITIES
Popular brands generally have the potential to drive growth. The following companies promise long-term growth opportunities.
Buffalo Wild Wings ( BWLD ) offers investors one of the strongest growth stories in this space. It had also been able to consistently deliver positive comps during the height of market turmoil.
With steady earnings and a healthy balance sheet, McDonald's ( MCD ) provides relative safety and moderate growth opportunities in the current scenario, as well as exposure to faster-growing international markets. McDonald's U.S. comparable-store sales have been showing a continued uptrend since the last few months on strong sales of beverage as well as core menu products. In February 2012, McDonald's U.S. comp growth was as much as 11.1%, way above 2.7% recorded in the year-ago month.
Boasting a unique position in the hyper-competitive bar and grill segment, BJ's Restaurants ( BJRI ) offers investors a strong growth story with a viable business strategy and debt-free balance sheet.
Improved Californian Market
The core California market -- badly hit by the recession and resulted in a high rate of unemployment and weak consumer confidence -- has turned around. We see plenty of growth opportunities in the California and Texas markets. BJ's Restaurants and Red Robin Gourmet Burgers Inc. ( RRGB ) are expanding rapidly in California.
Job Growth in the Sector
The restaurant industry is one of the major contributors to job growth in the U.S. In 2011, total U.S. employment grew 1.0% while restaurant employment increased 1.9%. According to the National Restaurant Association, overall restaurant industry employment will reach 12.9 million in 2012, accounting for 10% of the total U.S. workforce.
This projected employment figure represents a year-over-year growth of 2.3%, while total U.S. employment is believed to grow 1.3%. Among all markets, Texas and Florida should see maximum job growth, among all other markets in the restaurant industry over the next 10 years.
Remodels and Menu Innovations: Keys to Success
Additionally, restaurants are accessing different means to plug the problems of heightened competition in a somewhat over-supplied domestic market. Companies continue to reduce their energy consumption and are remodeling their restaurants to give an upmarket feel. They are rolling out new, smaller prototypes to augment the perception of value and drive traffic, thereby reducing construction and occupancy costs to enhance returns on capital. McDonald's is continuously benefiting from its reimaging. This year, the company expects to see a comps lift of 5-6% from these sorts of facelifts.
This is not the end. Having stabilized their financial positions, the operators are well positioned to bring newer offerings to their menu card in 2012 in order to cater to the ever-changing demands of customers. Limited Time Offers (LTOs) are also gaining attention.
Loyalty Programs
As per a research conducted by National Restaurant Association, restaurateurs are offering loyalty programs at their units to enhance value dining. Amid the prevailing environment where customers spend less enthusiastically on dining and seek incentives for doing so, approximately 30% of restaurant operators are frequently coming up with diner programs to hone sales further.
Hence, the operators started to leverage the trend. For example, Panera Bread rolled out "My Panera" loyalty program in November 2010. Since its inception, the program has developed a database of over 9.5 million registered users in December 2011 (up from 8.3 million last quarter).
Pricing Power
We have seen most of the companies take pricing action in last few months. The faster-rising inflation of food at home compared to food away from home might allow the U.S. eateries some room to take additional pricing actions in the near term.
Growing Fast-Casual Segment
According to a recent NPD foodservice market research report, this is the only restaurant segment growing at a steady pace in the last five years. The segment quintessentially offers healthier options with respect to menu with an upscale setting and at a reasonable price points. The USP of this segment is the counter service, which considerably reduces labor costs.
The Chipotle s ( CMG ), the Panera Breads, the Noodles & Companys, the Five Guys and the Pei Weis are some restaurateurs who are enjoying their positioning in this category. The segment comprises a small part of the industry sales leaving further scope for growth.
Franchise-Driven Business Model
Most of the companies are transforming to more a franchise-centric model to reduce the volatility in earnings and increase cash flow generation. Franchising is also an important factor for international development. However, Panera Bread is more inclined toward company-owned unit openings, which speak well of its fundamental strength and make us optimistic on the stock.
Breakfast & Beverage: A Breakout
Breakfast has accounted for nearly 60% of the U.S. restaurant industry and remains a key driver of traffic growth in recent years.
We can thereby conclude that growth potential remains mainly in the QSR markets. Leveraging the trend, Jamba Inc. ( JMBA ), The Wendy's Company ( WEN ) all have expedited their breakfast menu. McDonald's is yet another beneficiary of the increasingly popular breakfast menu.
According to an analysis by NPD, which has a ten-year projection of foodservice trends based on aging, population growth and trend momentum, servings of breakfast sandwiches are projected to outpace the industry's growth forecast. Annual servings per capita of breakfast sandwiches at foodservice are expected to jump from 11 in 2004 to 14 in 2019.
Non-alcoholic beverages remain a sweet spot in the U.S. eateries. According to Mintel Global Market Navigator, the US fruit juice drinks market expanded by 1% in 2011. This was an improvement on the 1.7% fall recorded in 2009 and breakeven in 2010. The market also has the ability to grow further through innovation, especially in healthier solutions. We see juicing giant Jamba geared up to leverage the trend by adding all fruits to its line-up.
There are other players like sector behemoths Starbucks venturing into the $50 billion category of healthy juices and McDonald's specializing in both frozen as well as hot beverages. McDonald's has been delivering strong comparable sales in the U.S. buoyed by its McCafe line.
We see continued sales recovery in the next few months as cold beverage provides a higher lift in comps as against hot beverage in winter.
M&A Activity
Merger and acquisition activity is also gaining momentum in the sector. The companies are looking at potential business partners to foray into different zones and unlock value. Apart from acquisitions, the companies are also divesting their slow-moving brands in order to spur growth. For example, while Yum! Brands acquired China-based restaurant chain Little Ship, it also disposed two of its brands, Long John Silver's and A&W, at the same time.
Currently, there are a number of stocks in the restaurant industry with a Zacks #1 Rank (short-term Strong Buy rating). These include Texas Roadhouse Inc. ( TXRH ). Companies with Zacks #2 Rank (short-term Buy rating) include Pollo Tropical of Carrols Restaurant, Domino's Pizza Inc. ( DPZ ), Yum! Brands ( YUM ), Panera Bread Co. ( PNRA ) and Darden Restaurants Inc. ( DRI ).
WEAKNESSES
Higher Food and Gasoline Prices
Food costs account for about one-third of restaurant sales. Wholesale food prices were increased in 2011. In 2012, the companies are expecting continued industry-wide increases in the cost of some commodities, while price for others to lower. Energy costs are expected to continue in 2012.
Beef prices continue to rise on a year-over-year basis. Companies like Red Robin Burger, McDonald's and Texas Roadhouse, which are exposed to the beef market, often feel the brunt of price inflation.
Chicken wing prices, which had been favorable earlier, have been rising. A continued rise in traditional wing prices is expected for 2012. Seafood prices are also creeping up, putting companies like Darden's ( DRI ) margin at stake. Some other commodity prices to trend up are flour, coffee, eggs etc. However, some softening will be noticed in dairy as well as produce prices, especially in the latter half of calendar 2012.
According to the Green Restaurant Association, restaurants account for one-third of all the U.S. energy used by the retail sector. Hence, rise in energy costs remain another risk to the restaurateurs.
With food being more expensive and gasoline prices always on the rise, people have less disposable income. In our opinion, most of the restaurants will try to safeguard their margins by passing the cost hike onto consumers. While big and established chains like McDonald's, Yum! Brands and Starbucks will survive the price increases due to their broad customer base and larger economies of scale, smaller chains will feel the cost pressure.
Steep Competition and Promotional Offers
Competition among casual dining restaurants is expected to remain fierce with respect to price, service, location and concept in order to drive traffic. The environment is still value-sensitive. High discount rates applied to menu prices in order to battle difficult economic conditions are resulting in price wars among competitor companies. Hence, the failure of any promotional offer will put pressure on that company's same-restaurant sales growth.
Shut Down of Regional Restaurant Chains
The majority of standalone U.S. eateries are shutting down, while restaurant chains remained steady. Large chains, which attract mainly higher-income customers, are performing better than regional restaurants as upscale and high-end customers are recovering faster than the lower-income group.
Increased Pressure from Payroll Taxes
Some restaurateurs will likely witness higher state payroll taxes as many states have increased their payroll taxes to help fund their unemployment deficit. One such company, BJ's Restaurants Inc. ( BJRI ), incurs increased payroll taxes in the first and second quarter of each year.
Recently, the government approved the 4.2% Social Security payroll tax for employees in 2012 compared with 6.2% in effect prior to 2011. However, the employers will continue paying 6.2% tax on employee wages of upto $110,100 this year. Some restaurants also expect labor expense to rise in 2012, due to a hike in minimum wages across a number of states, particularly in the western zone.
Stringent Food Standard
Consumer's inclination toward a fresh organic menu as well as concerns about nutrition are considered to be tough benchmarks in the restaurant industry. Consumers generally tend to visit restaurants offering locally produced food. While these criteria are giving a competitive advantage to companies like Chipotle, many others are sometimes finding the standard difficult.
Given the lack of overall earnings catalysts, it's hard to be upbeat about a number of restaurant stocks. There are quite a few names on which we have a cautious outlook. These include Brinker International Inc. ( EAT ), The Cheesecake Factory ( CAKE ), Einstein Noah Restaurant Group Inc. ( BAGL ) and McDonald's ( MCD ), all of which retain the Zacks #3 Rank (short-term Hold).
Ruby Tuesday Inc. ( RT ) and Wendy's ( WEN ) still hold the Zacks #4 Rank (short-term Sell).
Conclusion
The restaurant industry is still not immune to uncertainties in the macro economy. We believe the companies with strong cash flow generation will survive the market volatility. However, there are companies with huge capital budgets that are apparently in good financial shape.
EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report
CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report
DENNY'S CORP ( DENN ): Free Stock Analysis Report
DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report
DARDEN RESTRNT (DRI): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
PANERA BREAD CO (PNRA): Free Stock Analysis Report
RUBY TUESDAY (RT): Free Stock Analysis Report
STARBUCKS CORP (SBUX): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
WENDYS CO/THE (WEN): Free Stock Analysis Report
YUM! BRANDS INC (YUM): 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.
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM!
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market.
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EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market.
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Restaurant Industry Stock Review - March 2012 MCD,YUM,SBUX,DRI,DENN,TAST,DPZ,PNRA,CMG,EAT, RT,WEN,BAGL The restaurant industry appears well positioned for gradual improvement in the first half of 2012. Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM!
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727493.0
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2012-03-13 00:00:00 UTC
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Restaurant Industry Stock Review - March 2012 - Industry Outlook
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DENN
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https://www.nasdaq.com/articles/restaurant-industry-stock-review-march-2012-industry-outlook-2012-03-13
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nan
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nan
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The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these remain issues, the outlook for the U.S. economy has significantly improved lately.
But despite these odds, restaurant operators have managed to post improved results in the last few months on the back of modest traffic improvement and the consequent rise in comparable store sales. Easy comparisons from the prior year placed performance of 2011 in a brighter light. Encouraging guidance delivered by most of the companies also indicate a return to solid comps.
With some expected turnaround in Greece's debt situation and a slowly reviving U.S. economy, consumers are expected to attain confidence in the market and increase their discretionary spending. Alongside, restaurant operators are also focusing on cost containment, value-for-price and last but not the least international expansion to tide over the difficulties.
A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index ( RPI ), measuring the present condition and outlook on the U.S. restaurant industry, was 101.3 in January, down from December's extremely strong level of 102.2. Despite the decline, January characterized the third consecutive month in which RPI stood above 100. This RPI run-rate in the last three months connotes improvement in comparable store sales and customer traffic.
Restaurant operators reported positive same-store sales for the eighth consecutive month, and a majority of them expect business to continue to improve in the months ahead.
The Current Situation Index, which measures comparable store sales, traffic count, labor costs and capital expenditures in the restaurant industry, was 100.6 in January, down 1.5% from December's seven-year high of 102.1. The Expectations Index, which measures restaurant operators' six-month outlook on the above indicators, stood at 102.1, almost flat from the prior month's level of 102.3. This was the fifth consecutive month that the Expectations Index remained above 100. Restaurant operators' capital spending plans are also riding uphill, strongly reaffirming their positive outlook on the industry.
All these culminate to the general optimism in the sector. We are hopeful that restaurant companies will continue to deliver better numbers in the upcoming quarter as opposed to the year-earlier period. An improving outlook can be validated by the NPD foodservice market research report, which stated that annual visits to restaurants will increase by 8% over the next ten years.
Road Ahead
Looking ahead, we see modest top-line as well as bottom-line trends. According to a research conducted by National Restaurant Association, the restaurant industry is projected to expand in 2012 despite sluggish U.S. recovery. The research firm estimates total restaurant industry sales to increase 3.5% year over year to a record high $632 billion, thus marking the second consecutive year of total industry sales of more than $600 billion.
Most of the restaurant operators are passing on higher costs to consumers in order to mitigate commodity pressure this year, and we expect this trend to continue in 2012. The companies that are well positioned are likely to enjoy pricing power and, in turn, same-store sales increase. The improvement in the U.S. economy is slow but palpable. But a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still elevated unemployment level, credit unavailability, and weak income growth may weigh on industry profitability.
Restaurants have been trying to win back cash-conscious guests by revamping promotions, offering discounts and focusing on value-for-meal menus. However, the tendency to offer discounts has been moderating. We remain cautiously optimistic over the near-to-medium term, with consumers continuing to look for value, distinct dining experiences, as well as convenient and enhanced menu deals in a gradually improving economic backdrop.
Drivers of the Restaurant Industry
The U.S. restaurant industry consists of Quick Service Restaurants (QSR), Fast Casual, Casual Dining, Non-Commercial and Fine Dining/Upscale restaurants.
In the midst of what might be called a lukewarm recovery, there are four potential drivers of net income growth for the restaurant industry: unit expansion, same-store sales, cost-containment efforts and marketing tools.
Unit Expansion: Emerging from a lackluster economy two years back, most of the companies have accelerated their pace of restaurant openings. A relative recovery in consumer confidence has also encouraged companies to return to unit expansion.
In fact, the companies are also exploring international markets. Restaurateurs are primarily concentrating on Canada, the Middle East and Southeast Asia for expansion. Some European countries including U.K., Germany and France are not far behind.
Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. McDonald's Corp. ( MCD ) and Yum! Brands Inc. ( YUM ) already have considerable coverage in India. They are now aggressively expanding in China to capitalize on the fast-paced economic growth there.
Same-Store Sales: The second driver consists of menu price increases and traffic counts. Most of the restaurant operators reported positive same-store sales and customer traffic growth in the recent months. Growth in menu price has accelerated, as per figures from the Bureau of Labor Statistics.
Cost-Containment Efforts: Some cost cuts have been achieved through integrated information systems, including point-of-sale, automated kitchen display, labor-scheduling and theoretical food cost systems.
Marketing Tools: Social media as a marketing tool has taken the industry by storm. Most of the operators rely on social media for promotion. Hence, we believe they are likely to incorporate Facebook, online review sites, Twitter and blogs aggressively into their marketing mix going forward. National Television advertising is also an important tool for promotion. A company like Panera Bread Co. ( PNRA ), successful even in time of recession, plans to increase its advertising spending by 26% in 2012 over an above-32% increment in 2011.
OPPORTUNITIES
Popular brands generally have the potential to drive growth. The following companies promise long-term growth opportunities.
Buffalo Wild Wings ( BWLD ) offers investors one of the strongest growth stories in this space. It had also been able to consistently deliver positive comps during the height of market turmoil.
With steady earnings and a healthy balance sheet, McDonald's ( MCD ) provides relative safety and moderate growth opportunities in the current scenario, as well as exposure to faster-growing international markets. McDonald's U.S. comparable-store sales have been showing a continued uptrend since the last few months on strong sales of beverage as well as core menu products. In February 2012, McDonald's U.S. comp growth was as much as 11.1%, way above 2.7% recorded in the year-ago month.
Boasting a unique position in the hyper-competitive bar and grill segment, BJ's Restaurants ( BJRI ) offers investors a strong growth story with a viable business strategy and debt-free balance sheet.
Improved Californian Market
The core California market -- badly hit by the recession and resulted in a high rate of unemployment and weak consumer confidence -- has turned around. We see plenty of growth opportunities in the California and Texas markets. BJ's Restaurants and Red Robin Gourmet Burgers Inc. ( RRGB ) are expanding rapidly in California.
Job Growth in the Sector
The restaurant industry is one of the major contributors to job growth in the U.S. In 2011, total U.S. employment grew 1.0% while restaurant employment increased 1.9%. According to the National Restaurant Association, overall restaurant industry employment will reach 12.9 million in 2012, accounting for 10% of the total U.S. workforce.
This projected employment figure represents a year-over-year growth of 2.3%, while total U.S. employment is believed to grow 1.3%. Among all markets, Texas and Florida should see maximum job growth, among all other markets in the restaurant industry over the next 10 years.
Remodels and Menu Innovations: Keys to Success
Additionally, restaurants are accessing different means to plug the problems of heightened competition in a somewhat over-supplied domestic market. Companies continue to reduce their energy consumption and are remodeling their restaurants to give an upmarket feel. They are rolling out new, smaller prototypes to augment the perception of value and drive traffic, thereby reducing construction and occupancy costs to enhance returns on capital. McDonald's is continuously benefiting from its reimaging. This year, the company expects to see a comps lift of 5-6% from these sorts of facelifts.
This is not the end. Having stabilized their financial positions, the operators are well positioned to bring newer offerings to their menu card in 2012 in order to cater to the ever-changing demands of customers. Limited Time Offers (LTOs) are also gaining attention.
Loyalty Programs
As per a research conducted by National Restaurant Association, restaurateurs are offering loyalty programs at their units to enhance value dining. Amid the prevailing environment where customers spend less enthusiastically on dining and seek incentives for doing so, approximately 30% of restaurant operators are frequently coming up with diner programs to hone sales further.
Hence, the operators started to leverage the trend. For example, Panera Bread rolled out "My Panera" loyalty program in November 2010. Since its inception, the program has developed a database of over 9.5 million registered users in December 2011 (up from 8.3 million last quarter).
Pricing Power
We have seen most of the companies take pricing action in last few months. The faster-rising inflation of food at home compared to food away from home might allow the U.S. eateries some room to take additional pricing actions in the near term.
Growing Fast-Casual Segment
According to a recent NPD foodservice market research report, this is the only restaurant segment growing at a steady pace in the last five years. The segment quintessentially offers healthier options with respect to menu with an upscale setting and at a reasonable price points. The USP of this segment is the counter service, which considerably reduces labor costs.
The Chipotle s ( CMG ), the Panera Breads, the Noodles & Companys, the Five Guys and the Pei Weis are some restaurateurs who are enjoying their positioning in this category. The segment comprises a small part of the industry sales leaving further scope for growth.
Franchise-Driven Business Model
Most of the companies are transforming to more a franchise-centric model to reduce the volatility in earnings and increase cash flow generation. Franchising is also an important factor for international development. However, Panera Bread is more inclined toward company-owned unit openings, which speak well of its fundamental strength and make us optimistic on the stock.
Breakfast & Beverage: A Breakout
Breakfast has accounted for nearly 60% of the U.S. restaurant industry and remains a key driver of traffic growth in recent years.
We can thereby conclude that growth potential remains mainly in the QSR markets. Leveraging the trend, Jamba Inc. ( JMBA ), The Wendy's Company ( WEN ) all have expedited their breakfast menu. McDonald's is yet another beneficiary of the increasingly popular breakfast menu.
According to an analysis by NPD, which has a ten-year projection of foodservice trends based on aging, population growth and trend momentum, servings of breakfast sandwiches are projected to outpace the industry's growth forecast. Annual servings per capita of breakfast sandwiches at foodservice are expected to jump from 11 in 2004 to 14 in 2019.
Non-alcoholic beverages remain a sweet spot in the U.S. eateries. According to Mintel Global Market Navigator, the US fruit juice drinks market expanded by 1% in 2011. This was an improvement on the 1.7% fall recorded in 2009 and breakeven in 2010. The market also has the ability to grow further through innovation, especially in healthier solutions. We see juicing giant Jamba geared up to leverage the trend by adding all fruits to its line-up.
There are other players like sector behemoths Starbucks venturing into the $50 billion category of healthy juices and McDonald's specializing in both frozen as well as hot beverages. McDonald's has been delivering strong comparable sales in the U.S. buoyed by its McCafe line.
We see continued sales recovery in the next few months as cold beverage provides a higher lift in comps as against hot beverage in winter.
M&A Activity
Merger and acquisition activity is also gaining momentum in the sector. The companies are looking at potential business partners to foray into different zones and unlock value. Apart from acquisitions, the companies are also divesting their slow-moving brands in order to spur growth. For example, while Yum! Brands acquired China-based restaurant chain Little Ship, it also disposed two of its brands, Long John Silver's and A&W, at the same time.
Currently, there are a number of stocks in the restaurant industry with a Zacks #1 Rank (short-term Strong Buy rating). These include Texas Roadhouse Inc. ( TXRH ). Companies with Zacks #2 Rank (short-term Buy rating) include Pollo Tropical of Carrols Restaurant, Domino's Pizza Inc. ( DPZ ), Yum! Brands ( YUM ), Panera Bread Co. ( PNRA ) and Darden Restaurants Inc. ( DRI ).
WEAKNESSES
Higher Food and Gasoline Prices
Food costs account for about one-third of restaurant sales. Wholesale food prices were increased in 2011. In 2012, the companies are expecting continued industry-wide increases in the cost of some commodities, while price for others to lower. Energy costs are expected to continue in 2012.
Beef prices continue to rise on a year-over-year basis. Companies like Red Robin Burger, McDonald's and Texas Roadhouse, which are exposed to the beef market, often feel the brunt of price inflation.
Chicken wing prices, which had been favorable earlier, have been rising. A continued rise in traditional wing prices is expected for 2012. Seafood prices are also creeping up, putting companies like Darden's ( DRI ) margin at stake. Some other commodity prices to trend up are flour, coffee, eggs etc. However, some softening will be noticed in dairy as well as produce prices, especially in the latter half of calendar 2012.
According to the Green Restaurant Association, restaurants account for one-third of all the U.S. energy used by the retail sector. Hence, rise in energy costs remain another risk to the restaurateurs.
With food being more expensive and gasoline prices always on the rise, people have less disposable income. In our opinion, most of the restaurants will try to safeguard their margins by passing the cost hike onto consumers. While big and established chains like McDonald's, Yum! Brands and Starbucks will survive the price increases due to their broad customer base and larger economies of scale, smaller chains will feel the cost pressure.
Steep Competition and Promotional Offers
Competition among casual dining restaurants is expected to remain fierce with respect to price, service, location and concept in order to drive traffic. The environment is still value-sensitive. High discount rates applied to menu prices in order to battle difficult economic conditions are resulting in price wars among competitor companies. Hence, the failure of any promotional offer will put pressure on that company's same-restaurant sales growth.
Shut Down of Regional Restaurant Chains
The majority of standalone U.S. eateries are shutting down, while restaurant chains remained steady. Large chains, which attract mainly higher-income customers, are performing better than regional restaurants as upscale and high-end customers are recovering faster than the lower-income group.
Increased Pressure from Payroll Taxes
Some restaurateurs will likely witness higher state payroll taxes as many states have increased their payroll taxes to help fund their unemployment deficit. One such company, BJ's Restaurants Inc. ( BJRI ), incurs increased payroll taxes in the first and second quarter of each year.
Recently, the government approved the 4.2% Social Security payroll tax for employees in 2012 compared with 6.2% in effect prior to 2011. However, the employers will continue paying 6.2% tax on employee wages of upto $110,100 this year. Some restaurants also expect labor expense to rise in 2012, due to a hike in minimum wages across a number of states, particularly in the western zone.
Stringent Food Standard
Consumer's inclination toward a fresh organic menu as well as concerns about nutrition are considered to be tough benchmarks in the restaurant industry. Consumers generally tend to visit restaurants offering locally produced food. While these criteria are giving a competitive advantage to companies like Chipotle, many others are sometimes finding the standard difficult.
Given the lack of overall earnings catalysts, it's hard to be upbeat about a number of restaurant stocks. There are quite a few names on which we have a cautious outlook. These include Brinker International Inc. ( EAT ), The Cheesecake Factory ( CAKE ), Einstein Noah Restaurant Group Inc. ( BAGL ) and McDonald's ( MCD ), all of which retain the Zacks #3 Rank (short-term Hold).
Ruby Tuesday Inc. ( RT ) and Wendy's ( WEN ) still hold the Zacks #4 Rank (short-term Sell).
Conclusion
The restaurant industry is still not immune to uncertainties in the macro economy. We believe the companies with strong cash flow generation will survive the market volatility. However, there are companies with huge capital budgets that are apparently in good financial shape.
EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report
CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report
DENNY'S CORP ( DENN ): Free Stock Analysis Report
DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report
DARDEN RESTRNT (DRI): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
PANERA BREAD CO (PNRA): Free Stock Analysis Report
RUBY TUESDAY (RT): Free Stock Analysis Report
STARBUCKS CORP (SBUX): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
WENDYS CO/THE (WEN): Free Stock Analysis Report
YUM! BRANDS INC (YUM): Free Stock Analysis Report
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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.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! The Current Situation Index, which measures comparable store sales, traffic count, labor costs and capital expenditures in the restaurant industry, was 100.6 in January, down 1.5% from December's seven-year high of 102.1.
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EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. But a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still elevated unemployment level, credit unavailability, and weak income growth may weigh on industry profitability.
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EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index ( RPI ), measuring the present condition and outlook on the U.S. restaurant industry, was 101.3 in January, down from December's extremely strong level of 102.2.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. EINSTEIN NOAH ( BAGL ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DOMINOS PIZZA ( DPZ ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RUBY TUESDAY (RT): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Restaurant operators reported positive same-store sales for the eighth consecutive month, and a majority of them expect business to continue to improve in the months ahead.
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2012-01-18 00:00:00 UTC
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3 Small-Cap Stocks with Heavy Insider Buying
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DENN
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https://www.nasdaq.com/articles/3-small-cap-stocks-heavy-insider-buying-2012-01-18
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nan
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nan
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Regular readers of my articles know that I spend most of my time in search of undervalued mid-sized and large companies. There are so many bargains in the S&P 500 alone, that it simply hasn't paid to spend too much time on small -- and risky -- stocks in recent quarters.
Yet every portfolio needs a broad cross-section of holdings if it is to beat the market . This means you should hold a basket of micro-cap and small-cap stocks alongside your blue-chip holdings. To mitigate the risk that these small companies stumble badly, it pays to get a vote of confidence that business is solid. These smaller companies, all trading below $4, have all seen such a vote of confidence in the form of notable levels of insider buying.
1. Harris & Harris (Nasdaq: TINY )
Recent price: $3.84
This investment firm takes stakes in a wide range of privately-held technology companies that cater to the biotech and industrial sectors. The portfolio companies often seek to commercialize nanotechnologies, which are processes that yield miniaturized lubricants, materials and other industrial goods.
The market rout of last summer was hard on this speculative stock, as its shares fell from $5.50 to below $4. They've stayed out of favor ever since. In fact, shares stood at $25 a decade ago.
Investors are clearly shunning hard-to-value stocks like this one. In response, management has been conducting an increasing number of "liquidity-inducing events," by which some or all of the holding is sold off. Harris & Harris had five such events in 2011 (after zero in 2010), and recent management comments imply plans for five or six portfolio sales in 2012 as well.
The value of Harris & Harris' holdings equal $4.38 a share, meaning you can own the basket of companies at a 12% discount to the current stock price. With shares below $4, nearly a dozen insiders have acquired a combined 31,000 shares since the middle of November, worth more than $100,000.
2. Denny's (Nasdaq: DENN )
Recent price: $3.94
Insiders have also been acquiring shares of this quick-service restaurant operator, highlighted by roughly $500,000 in stock purchases by company President John Miller in December. Denny's insiders have been quite bullish for awhile, as I noted last summer .
Shares swooned in the summer rout after I wrote about the stock, but shares have steadily rebounded in recent months back to the $4 mark. This stock may make a move on $5 or even $6 in 2012. That's because same-store sales remain positive, debt is falling and the share count keeps shrinking. Those are the typical ingredients of a turnaround .
The debt pay down and share buyback is coming from healthy EBITDA , which likely hit around $78-79 million in 2011, and could approach $85 million in 2012. (Management will lay out 2012 financial targets on Feb.15.) The appeal is in this stock is that Denny's has taken a series of tough steps in a bad economy (such as reducing costs wherever possible), which should really pay off when the economy turns up.
3. Primo Water (Nasdaq: PRMW )
Recent price: $2.75
This stock muddled along in the low teens until it posted a surprise second-quarter loss in late July. The stock lost more than half of its value and then staged a decent rebounded during the next few months as management announced plans to augment its traditional water distribution business (mostly to offices) with a carbonation drink-making machine, similar to one offered by Sodastream (Nasdaq: SODA ) .
But another weak quarter, led by a slower-than-expected rollout of that carbonated water initiative sent shares to new lows, where they sit today. Insiders began buying back in mid-August in the $4.50 to $5 range. But they should have saved their money. In December, they made a savvier move, picking up around 300,000 shares at a little less than $3. Even that buy is now underwater, but those most recent trades may pay finally pay off as the business finally starts to move back into profitability. Analysts spy an inflection point in the March quarter and rising profits from there, as rising sales leverage a fixed cost base.
Taking a look at recent quarterly results, it appears the company moved too quickly to get its traditional and carbonated water machines into many new offices. Management appears committed to letting revenue catch up with the distribution infrastructure put in place. I'd suggest listening to fourth-quarter results in mid-February to get a clearer read on the type of profitability this business model can generate.
Risks to Consider: Smaller company stocks would be the first to take a hit if the European crisis deepens.
Action to Take -->As I recently noted , small-cap stocks actually make solid investments -- if the economy has turned the corner.
Insider activity at these companies implies a bullish outlook for 2012. Denny's appears to be the most stable of the group, but with perhaps with 30% to 40% upside at best for 2012. Harris & Harris looks quite oversold and should rally when growth-investing is back in favor, whenever that era returns. Primo Water has been performing poorly in recent quarters, but has the makings of a solid turnaround.
[ Note: If you haven't about this unique opportunity, then I want to tell you about it now. StreetAuthority has staked me with $100,000 of real money to invest in my absolute best ideas. For a limited time, you'll be able to follow along with me completely free. Go here to learn more .]
-- David Sterman
David Sterman does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC does not hold positions in any securities mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Denny's (Nasdaq: DENN ) Recent price: $3.94 Insiders have also been acquiring shares of this quick-service restaurant operator, highlighted by roughly $500,000 in stock purchases by company President John Miller in December. Denny's insiders have been quite bullish for awhile, as I noted last summer . The appeal is in this stock is that Denny's has taken a series of tough steps in a bad economy (such as reducing costs wherever possible), which should really pay off when the economy turns up.
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Denny's (Nasdaq: DENN ) Recent price: $3.94 Insiders have also been acquiring shares of this quick-service restaurant operator, highlighted by roughly $500,000 in stock purchases by company President John Miller in December. Denny's insiders have been quite bullish for awhile, as I noted last summer . The appeal is in this stock is that Denny's has taken a series of tough steps in a bad economy (such as reducing costs wherever possible), which should really pay off when the economy turns up.
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Denny's (Nasdaq: DENN ) Recent price: $3.94 Insiders have also been acquiring shares of this quick-service restaurant operator, highlighted by roughly $500,000 in stock purchases by company President John Miller in December. Denny's insiders have been quite bullish for awhile, as I noted last summer . The appeal is in this stock is that Denny's has taken a series of tough steps in a bad economy (such as reducing costs wherever possible), which should really pay off when the economy turns up.
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Denny's (Nasdaq: DENN ) Recent price: $3.94 Insiders have also been acquiring shares of this quick-service restaurant operator, highlighted by roughly $500,000 in stock purchases by company President John Miller in December. Denny's insiders have been quite bullish for awhile, as I noted last summer . The appeal is in this stock is that Denny's has taken a series of tough steps in a bad economy (such as reducing costs wherever possible), which should really pay off when the economy turns up.
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727495.0
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2012-01-11 00:00:00 UTC
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Denny's Posts Upbeat Prelim Results - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/dennys-posts-upbeat-prelim-results-analyst-blog-2012-01-11
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nan
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nan
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Denny's Corporation ( DENN ), engaged in the ownership and operation of a chain of family-style restaurants, recently announced the preliminary same-store sales and unit growth results for the upcoming fourth quarter and fiscal 2011. The same-restaurant sales remained positive benefiting from higher traffic.
For fourth quarter 2011, the company's system-wide same-restaurant sales (comps) have upped 1.5% on 1.0% upside in company-operated units and 1.7% climb in franchised units. This was a solid improvement compared with the 1.4% decline in overall same-restaurant sales recorded in the year-earlier quarter. This represents the third consecutive quarter of positive same-store sales growth.
For 2011, the Spartanburg, South Carolina-based company has recorded same-store sales growth of 0.8% at company-owned units, which is within management's guided range of flatto positive 1% and achieved 0.6% growth at franchised units, better than management's forecast of negative 0.5% to positive 0.5%. Thus, system-wide comps for the fiscal year inched up 0.7%. However, in 2010, the company witnessed a plunge of 3.7% in system-wide comps due to a dip of 3.6% in company-operated units and 3.7% in franchised units.
The preliminary comps results were quite encouraging, particularly when consumer spending remains cautious due to uncertain economic conditions. We believe that Denny's sales and guest-driving initiatives to attract customers are paying off.
Moreover, Denny's reaffirmed its adjusted EBITDA guidance of $80 million to $83 million and adjusted income before taxes between $36 million and $39 million for 2011.
The company also succeeded in achieving its net unit openings target for 2011. In 2011, Denny's opened 62 new restaurants, with 54 franchised units and 8 company-owned units. The company also closed 35 restaurants in the same period. During the fourth quarter, Denny's purchased 17 company-owned units and opened 8 franchised restaurants.
The Zacks Consensus Estimates for fiscal 2011 and 2012 are pegged at 32 cents and 40 cents, respectively. The estimates have not budged in the last 60 days, implying that the analysts expect the company to report in line results.
Denny's, which competes with Cracker Barrel Old Country Store, Inc ( CBRL ) and DineEquity, Inc ( DIN ), expects to report fourth quarter 2011 results on February 15, 2012.
Denny's currently retains a Zacks #3 Rank, implying a short-term Hold rating on the stock. Our long-term recommendation for the stock remains Neutral.
CRACKER BARREL ( CBRL ): Free Stock Analysis Report
DENNY'S CORP ( DENN ): 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.
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Denny's Corporation ( DENN ), engaged in the ownership and operation of a chain of family-style restaurants, recently announced the preliminary same-store sales and unit growth results for the upcoming fourth quarter and fiscal 2011. Denny's, which competes with Cracker Barrel Old Country Store, Inc ( CBRL ) and DineEquity, Inc ( DIN ), expects to report fourth quarter 2011 results on February 15, 2012. We believe that Denny's sales and guest-driving initiatives to attract customers are paying off.
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During the fourth quarter, Denny's purchased 17 company-owned units and opened 8 franchised restaurants. CRACKER BARREL ( CBRL ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DINEEQUITY INC ( DIN ): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ), engaged in the ownership and operation of a chain of family-style restaurants, recently announced the preliminary same-store sales and unit growth results for the upcoming fourth quarter and fiscal 2011.
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CRACKER BARREL ( CBRL ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DINEEQUITY INC ( DIN ): Free Stock Analysis Report To read this article on Zacks.com click here. Denny's Corporation ( DENN ), engaged in the ownership and operation of a chain of family-style restaurants, recently announced the preliminary same-store sales and unit growth results for the upcoming fourth quarter and fiscal 2011. We believe that Denny's sales and guest-driving initiatives to attract customers are paying off.
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During the fourth quarter, Denny's purchased 17 company-owned units and opened 8 franchised restaurants. Denny's Corporation ( DENN ), engaged in the ownership and operation of a chain of family-style restaurants, recently announced the preliminary same-store sales and unit growth results for the upcoming fourth quarter and fiscal 2011. We believe that Denny's sales and guest-driving initiatives to attract customers are paying off.
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13abe4ce-5536-4cce-b956-ee19970ac8af
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727496.0
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2011-12-06 00:00:00 UTC
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Comps Rise at Cracker Barrel - Analyst Blog
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DENN
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https://www.nasdaq.com/articles/comps-rise-at-cracker-barrel-analyst-blog-2011-12-06
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nan
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nan
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Same-store sales of Cracker Barrel Old Country Store Inc. ( CBRL ) for the four-week period ended November 25, 2011 grew 1.2% for restaurants and 2.7% for retail, benefiting from improved traffic and operational performance and compared favorably with the past quarters.
In the month of October, retail comps rose 0.2% while restaurant comps inched down 0.2%. In the month of September, comps fell 2.4% in restaurants and 1.7% in retail. In August, comps tumbled 2.5% in restaurants and 3.1% in retail. Thus, the company's comps are continuously exhibiting growth trend.
The upside in comparable restaurants sales for the recent month was driven by higher average check of 2.2%, partially offset by a 1% decline in traffic. The company also experienced record holiday sales on Thanksgiving Day.
Cracker Barrel, a chain of combined restaurant and gift stores in the US, is undertaking several initiatives like media spending, refined menu and pricing strategies and improved restaurant operations and services to drive traffic and sales. However, cost inflation and uncertain economic conditions, which will likely result in lower traffic, remain challenges going forward.
In the recently reported first quarter of 2012, comparable restaurant sales dropped 1.6% due to a 3.8% decline in traffic, partially offset by average check upside of 2.2%. Higher average check was driven by a 2.1% rise in menu prices and a favorable mix impact of 0.1%. Comparable retail sales in the quarter also dipped 1.3%.
For 2012, the company continues to expect total revenue in the range of $2.55 billion to $2.6 billion and comparable restaurant and retail sales to be flat to up 1.5%. Adjusted earnings per share are projected in the range of $4.10 to $4.25. Cracker Barrel expects commodity cost pressure to continue in 2012, and foresee inflation of 5.5%-6.5%. Operating margin is estimated to be in the single-digit range of 7% to 7.2%.
Lebanon, Tennessee-based company also continues to accelerate unit growth. At the end of the first quarter of 2012, the company had 606 owned locations and in 2012, Cracker Barrel plans to open 15 new units.
Cracker Barrel currently retains a Zacks #2 Rank, which translates into a short-term Buy rating. We are also maintaining our long-term Neutral recommendation on the stock. Its prime competitors are Denny's Corporation ( DENN ) and DineEquity Inc . ( DIN ).
CRACKER BARREL ( CBRL ): Free Stock Analysis Report
DENNY'S CORP ( DENN ): Free Stock Analysis Report
DINEEQUITY INC ( DIN ): Free Stock Analysis Report
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.
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Its prime competitors are Denny's Corporation ( DENN ) and DineEquity Inc . CRACKER BARREL ( CBRL ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DINEEQUITY INC ( DIN ): Free Stock Analysis Report 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. Same-store sales of Cracker Barrel Old Country Store Inc. ( CBRL ) for the four-week period ended November 25, 2011 grew 1.2% for restaurants and 2.7% for retail, benefiting from improved traffic and operational performance and compared favorably with the past quarters.
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CRACKER BARREL ( CBRL ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DINEEQUITY INC ( DIN ): Free Stock Analysis Report 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. Its prime competitors are Denny's Corporation ( DENN ) and DineEquity Inc . The upside in comparable restaurants sales for the recent month was driven by higher average check of 2.2%, partially offset by a 1% decline in traffic.
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CRACKER BARREL ( CBRL ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DINEEQUITY INC ( DIN ): Free Stock Analysis Report 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. Its prime competitors are Denny's Corporation ( DENN ) and DineEquity Inc . Same-store sales of Cracker Barrel Old Country Store Inc. ( CBRL ) for the four-week period ended November 25, 2011 grew 1.2% for restaurants and 2.7% for retail, benefiting from improved traffic and operational performance and compared favorably with the past quarters.
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CRACKER BARREL ( CBRL ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DINEEQUITY INC ( DIN ): Free Stock Analysis Report 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. Its prime competitors are Denny's Corporation ( DENN ) and DineEquity Inc . Thus, the company's comps are continuously exhibiting growth trend.
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76ed854e-6616-4212-85f9-4c0a4ef86ee7
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727497.0
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2011-11-22 00:00:00 UTC
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Restaurant Industry Stock Review – Nov. 2011 - Industry Outlook
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DENN
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https://www.nasdaq.com/articles/restaurant-industry-stock-review-nov.-2011-industry-outlook-2011-11-22
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nan
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nan
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The restaurant industry is showing improvements and seems poised for long-term growth, but concerns about the health of the U.S. economy and the nagging sovereign debt issues in Europe pose some risks to this outlook. However, if we look back at the last few months, restaurant operators managed to post improved results riding on the back of modest traffic improvement and the consequent rise in comparable-store sales.
A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index ( RPI ), measuring the health and outlook on the U.S. restaurant industry, was 100.1 in September, up 0.7% from August. It was the highest level since June. The RPI run-rate in the last three months connotes improvements in same-store sales and customer traffic.
The Current Situation Index, which measures comparable-store sales, traffic counts, labor costs and capital expenditures in the restaurant industry, was 100.1 in September, up 0.8% from August. The Expectations Index, which measures restaurant operators' six-month outlook on the above indicators, stood at 100.2, up 0.7% from the prior month. Restaurant operators' capital spending plans are also on the rise, reaffirming their positive outlook on the industry.
All these culminate to the general optimism in the sector. We are hopeful that restaurant companies will continue to deliver better numbers in the upcoming quarter as opposed to the year-earlier period. An improving outlook can be validated by the NPD foodservice market research report, which stated that annual visits to restaurants will increase by 8% over the next ten years.
Road Ahead
Looking ahead, we see modest top-line trends. Most of the restaurant operators are passing on higher costs to consumers in order to mitigate commodity pressure this year, and we expect this trend to continue in 2012. The companies that are well positioned are likely to enjoy pricing power and thus same-store sales increases.
However, we expect guest count to remain subdued in the first half of 2012. The U.S. economy is improving, albeit at a lower rate, but a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still-elevated unemployment level and weak income growth may weigh on industry profitability.
Restaurants have been trying to win back cash-conscious guests by revamping promotions, offering discounts and focusing on value-for-meal menus. However, the tendency to offer discounts has been moderating. We remain cautiously optimistic over the near-to-medium term, with consumers continuing to look for value, distinct dining experiences, as well as convenient and enhanced menu deals in a gradually improving economic backdrop.
Drivers of the Restaurant Industry
The U.S. restaurant industry consists of Quick Service Restaurants (QSR), Midscale Restaurants, Casual Dining, Non-Commercial and Fine Dining/Upscale restaurants.
In the midst of what might be called a lukewarm recovery, these are the potential drivers of net income growth for the restaurant industry: unit expansion, same-store sales, cost-containment efforts and marketing tools.
Unit Expansion: Emerging from a lackluster economy in 2008-2009, most of the companies have accelerated their pace of restaurant openings, though not aggressively. A relative recovery in consumer confidence has also encouraged companies to return to unit expansion.
In fact, the companies are also exploring international markets. While Chipotle is primarily concentrating on European countries including U.K., Germany and France, Buffalo Wild Wings Inc. ( BWLD ) will expand its overseas footprint by opening more than 50 company-owned and franchised restaurants in Canada over the next 5 years. Additionally, the company is also looking for expansion opportunities in other international markets like the United Kingdom and Middle East. Another restaurant, P.F. Chang's China Bistro Inc. ( PFCB ) is also eying the Canadian market.
Darden Restaurants Inc. ( DRI ) will also spread its operations in the Middle East. Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. McDonald's Corp. ( MCD ) and Yum! Brands Inc. ( YUM ) already have considerable coverage in India. Companies like Yum! Brands and McDonald's are aggressively expanding in China to capitalize on the fast-paced economic growth in Asia. The companies are also targeting South-East Asia for expansion.
Same-Store Sales: The second driver consists of menu price increases and traffic counts. Most of the restaurant operators reported positive same-store sales and customer traffic growth in the recent months. Growth in menu price has accelerated, as per figures from the Bureau of Labor Statistics.
Cost-Containment Efforts: Some cost cuts have been achieved through integrated information systems, including point-of-sale, automated kitchen display, labor-scheduling and theoretical food cost systems.
Marketing Tools: Social media as a marketing tool has taken the industry by storm. Most of the operators rely on social media for promotion. Hence, we believe they are likely to incorporate Facebook, online review sites, Twitter and blogs increasingly into their marketing mix over the next two years.
OPPORTUNITIES
With the economic outlook improving, the fortunes of a number industry players have turned around. These companies promise long-term growth opportunities.
Buffalo Wild Wings ( BWLD ) offers investors one of the strongest growth stories in this space. It had also been able to consistently deliver positive comps during the height of market turmoil.
With steady earnings and a healthy balance sheet, McDonald's ( MCD ) provides relative safety and moderate growth opportunities in the current scenario, as well as exposure to faster-growing international markets. McDonald's U.S. comparable-store sales have been showing a continued uptrend since the last few months on strong sales of beverage as well as core menu products.
Boasting of a unique position in the hyper-competitive bar and grill segment, yet another stock, BJ's Restaurants ( BJRI ) offers investors a strong growth story with a viable business strategy and debt-free balance sheet. The company delivered impressive second quarter results in terms of earnings per share and same-store sales growth.
Improved Californian Market
The core California market, which was badly hit by the recession resulted in a high rate of unemployment and weak consumer confidence, has turned around. We see plenty of growth opportunities in the California and Texas markets. BJ's Restaurants and Red Robin Gourmet Burgers Inc. ( RRGB ) are expanding rapidly in California.
Job Growth in the Sector
The restaurant industry is one of the major contributors to job growth in the U.S. In the 12 months ended October 2011, restaurant employment increased 1.7% from 1.1% for the same period a year earlier. According to the National Restaurant Association, Texas and Florida will likely show the strongest job growth over the next 10 years.
Remodels and Menu Innovations Remain Key to Success
Additionally, restaurants are accessing different means to plug the problems of heightened competition in a somewhat over-supplied domestic market. Companies continue to reduce their energy consumption and are remodeling their restaurants to give an upmarket feel. They are rolling out new, smaller prototypes to augment the perception of value and drive traffic thereby reducing construction and occupancy costs to enhance returns on capital.
While Darden has embarked on an extensive remodeling plan for its core brands like Olive Garden and Red Lobster to spur its same-store sales, Chipotle Mexican Grill is introducing typical Southeast Asian cuisine along with the naturally raised food, for which it is well known.
Having stabilized their financial positions, the operators are well positioned to bring newer offerings to their menu card in 2012 in order to cater to the ever-changing demands of customers. The introduction of small plates or individual appetizers by several chains such as California Pizza Kitchen ( CPKI ), BJ's Restaurants and Buffalo Wild Wings have already tasted success. Limited Time Offers are also on the rise.
Franchise-Driven Business Model
Most of the companies are transforming to more a franchise-centric model to reduce the volatility in earnings and increase cash flow generation. However, Panera Bread Co. ( PNRA ) bread is more inclined toward company-owned unit openings, which speak well of its fundamental strength and make us optimistic on the stock.
Breakfast Menus a Key Driver
Breakfast has accounted for nearly 60% of the U.S. restaurant industry and remains a key driver of traffic growth in recent years. Over the past five years, morning meal traffic has increased at an average rate of 2% per year, while lunch visits were flat, and supper traffic declined 2% per year on average.
We can thereby conclude that growth potential remains mainly in the QSR markets. Leveraging the trend, The Wendy's Company ( WEN ) has expedited its breakfast menu in different markets. The company targets to have about 1,000 restaurants serving its new breakfast by the end of this year. The comps of Jamba Inc. ( JMBA ) also gained traction in the recent quarters through its breakfast wraps. The company expanded this product line to 270 company stores in May and will spread further in 2012. McDonald's is yet another beneficiary of the increasingly popular breakfast menu.
According to an analysis by NPD, which has a ten-year projection of foodservice trends based on aging, population growth and trend momentum, servings of breakfast sandwiches are projected to outpace the industry's growth forecast. Annual servings per capita of breakfast sandwiches at foodservice are expected to jump from 11 in 2004 to 14 in 2019.
M&A Activity
Merger and acquisition activity is also gaining momentum in the sector. The companies are looking at potential business partners to foray into different zones and unlock value. While Starbucks has stepped beyond coffee and ventured into the $50 billion category of healthy juices, Yum! Brands is also on the verge of acquiring China-based restaurant chain Little Ship. Recently, the Minneapolis-based Granite City Food & Brewery agreed to acquire the assets of seven Cadillac Ranch All American Bar & Grill restaurants. Darden has also inked a deal to purchase two Eddie V's restaurant brands -- Eddie V's Prime Seafood and Wildfish Seafood Grille.
Apart from acquisitions, the companies are also divesting their slow-moving brands in order to spur growth. The recent sale of Long John Silver's and A&W of Yum! Brands as well as the departure of Arby's from Wendy's confirm the trend.
Currently, there are a number of stocks in the restaurant with a Zacks #1 Rank (short-term Strong Buy rating). These include Domino's Pizza Inc. ( DPZ ). Companies with Zacks #2 Rank (short-term Buy rating) include Benihana Inc. ( BNHN ), Panera Bread Co. ( PNRA ) and Papa John International ( PZZA ).
WEAKNESSES
Higher Food and Gasoline Prices
Food costs account for about one-third of restaurant sales. Wholesale food prices have been on the rise this year. Prices of corn, wheat, coffee and other commodities have also trended up, compelling many restaurants to raise prices on some of their products. The companies are expecting industry-wide increases in commodity and energy costs to continue in 2012. Dairy and beef prices witnessed a steep rise on a year-over-year basis.
Companies like Red Robin Burger, McDonald's and Texas Roadhouse, which are exposed to the beef market, or CEC Entertainment Inc. ( CEC ) and The Cheesecake Factory Inc. ( CAKE ), which are regular buyers of cheese, often feel the brunt of price inflation. Chicken wing prices, which have been favorable in third quarter 2011, are rising now. A continued rise in traditional wing prices is expected for 2012.
With food being more expensive and gasoline prices always on the rise, people have less disposable income and prefer to dine at home. In our opinion, most of the restaurants will try to safeguard their margins by passing the cost hikes onto consumers. While big and established chains like McDonald's, Yum! Brands and Starbucks will survive the price increases due to their broad customer base and larger economies of scale, smaller chains will feel the cost pressure. Some restaurants also expect labor expense to rise in 2012, due to a hike in minimum wages across a number of states, particularly in the West.
Steep Competition and Promotional Offers
Competition among casual dining restaurants is expected to remain fierce with respect to price, service, location and concept in order to drive traffic. The environment is still value-sensitive. High discount rates applied to menu prices in order to battle difficult economic conditions are resulting in price wars among competitor companies. Hence, the failure of any promotional offer will put pressure on the company's same-restaurant sales growth.
Shut Down of Regional Restaurant Chains
The majority of independent U.S. restaurant units are closing, while restaurant chains remained steady. Large national chains, which attract mainly higher-income visitors are performing better than regional restaurants as upscale-customers are recovering faster than the lower-income group.
Lag in Traffic Growth Barring Fast Casual Restaurants
According to a recent NPD foodservice market research report, visits to the leading fast casual restaurant chains grew more than 15% over the last three years while the rest of the industry experienced its sharpest traffic declines. However, fast casual unit availability increased 12% since 2007. Visits to the leading fast casual restaurant chains, like Chipotle ( CMG ) and Panera, were up 6% for the year ending December 2010 versus a year ago. This compares with a 1% decline in total industry visits for the same time period.
Given the lack of overall earnings catalysts, it's hard to be upbeat about a number of restaurant stocks. There are quite a few names on which we have a cautious outlook. These include Brinker International Inc. ( EAT ), Yum! Brands, The Cheesecake Factory, Einstein Noah Restaurant Group Inc. ( BAGL ) and McDonald's, all of which retain the Zacks #3 Rank (short-term Hold). Ruby Tuesday Inc. ( RT ) and Jack in the Box Inc. ( JACK ) still hold the Zacks #4 Rank (short-term Sell).
Conclusion
The restaurant industry is still not immune to uncertainties in the macro economy. We believe the companies with strong cash flow generation will survive the market volatility. However, there are companies with huge capital budgets that look to be in good shape financially. Easy comparisons from the prior year will likely place this year's performance in a brighter light.
On the consumer front, while they were previously struggling to survive in a recessionary environment, they are now grappling with steeply rising commodity costs, a still-high unemployment rate and dreary wage gains. These factors are still compelling consumers to tighten their belts. In our opinion, a set of focused efforts will help restaurant companies operate with a cautiously optimistic outlook in 2012.
BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report
BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report
CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report
DENNY'S CORP ( DENN ): Free Stock Analysis Report
DARDEN RESTRNT (DRI): Free Stock Analysis Report
BRINKER INTL (EAT): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
PF CHANGS CHINA (PFCB): Free Stock Analysis Report
PANERA BREAD CO (PNRA): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): Free Stock Analysis Report
STARBUCKS CORP (SBUX): Free Stock Analysis Report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
WENDYS CO/THE (WEN): Free Stock Analysis Report
YUM! BRANDS INC (YUM): Free Stock Analysis Report
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.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PF CHANGS CHINA (PFCB): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! While Chipotle is primarily concentrating on European countries including U.K., Germany and France, Buffalo Wild Wings Inc. ( BWLD ) will expand its overseas footprint by opening more than 50 company-owned and franchised restaurants in Canada over the next 5 years.
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BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PF CHANGS CHINA (PFCB): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. The U.S. economy is improving, albeit at a lower rate, but a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still-elevated unemployment level and weak income growth may weigh on industry profitability.
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BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PF CHANGS CHINA (PFCB): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. Drivers of the Restaurant Industry The U.S. restaurant industry consists of Quick Service Restaurants (QSR), Midscale Restaurants, Casual Dining, Non-Commercial and Fine Dining/Upscale restaurants.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis Report BRINKER INTL (EAT): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PF CHANGS CHINA (PFCB): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report YUM! Most of the restaurant operators reported positive same-store sales and customer traffic growth in the recent months.
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ab72146e-25a8-476d-8f05-a15d523cea1b
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727498.0
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2011-11-22 00:00:00 UTC
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Restaurant Industry Stock Review - Nov. 2011 - Zacks Analyst Interviews
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DENN
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https://www.nasdaq.com/articles/restaurant-industry-stock-review-nov.-2011-zacks-analyst-interviews-2011-11-22
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nan
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nan
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The restaurant industry is showing improvements and seems poised for long-term growth, but concerns about the health of the U.S. economy and the nagging sovereign debt issues in Europe pose some risks to this outlook. However, if we look back at the last few months, restaurant operators managed to post improved results riding on the back of modest traffic improvement and the consequent rise in comparable-store sales.
A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index ( RPI ), measuring the health and outlook on the U.S. restaurant industry, was 100.1 in September, up 0.7% from August. It was the highest level since June. The RPI run-rate in the last three months connotes improvements in same-store sales and customer traffic.
The Current Situation Index, which measures comparable-store sales, traffic counts, labor costs and capital expenditures in the restaurant industry, was 100.1 in September, up 0.8% from August. The Expectations Index, which measures restaurant operators' six-month outlook on the above indicators, stood at 100.2, up 0.7% from the prior month. Restaurant operators' capital spending plans are also on the rise, reaffirming their positive outlook on the industry.
All these culminate to the general optimism in the sector. We are hopeful that restaurant companies will continue to deliver better numbers in the upcoming quarter as opposed to the year-earlier period. An improving outlook can be validated by the NPD foodservice market research report, which stated that annual visits to restaurants will increase by 8% over the next ten years.
Road Ahead
Looking ahead, we see modest top-line trends. Most of the restaurant operators are passing on higher costs to consumers in order to mitigate commodity pressure this year, and we expect this trend to continue in 2012. The companies that are well positioned are likely to enjoy pricing power and thus same-store sales increases.
However, we expect guest count to remain subdued in the first half of 2012. The U.S. economy is improving, albeit at a lower rate, but a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still-elevated unemployment level and weak income growth may weigh on industry profitability.
Restaurants have been trying to win back cash-conscious guests by revamping promotions, offering discounts and focusing on value-for-meal menus. However, the tendency to offer discounts has been moderating. We remain cautiously optimistic over the near-to-medium term, with consumers continuing to look for value, distinct dining experiences, as well as convenient and enhanced menu deals in a gradually improving economic backdrop.
Drivers of the Restaurant Industry
The U.S. restaurant industry consists of Quick Service Restaurants (QSR), Midscale Restaurants, Casual Dining, Non-Commercial and Fine Dining/Upscale restaurants.
In the midst of what might be called a lukewarm recovery, these are the potential drivers of net income growth for the restaurant industry: unit expansion, same-store sales, cost-containment efforts and marketing tools.
Unit Expansion: Emerging from a lackluster economy in 2008-2009, most of the companies have accelerated their pace of restaurant openings, though not aggressively. A relative recovery in consumer confidence has also encouraged companies to return to unit expansion.
In fact, the companies are also exploring international markets. While Chipotle is primarily concentrating on European countries including U.K., Germany and France, Buffalo Wild Wings Inc. ( BWLD ) will expand its overseas footprint by opening more than 50 company-owned and franchised restaurants in Canada over the next 5 years. Additionally, the company is also looking for expansion opportunities in other international markets like the United Kingdom and Middle East. Another restaurant, P.F. Chang's China Bistro Inc. ( PFCB ) is also eying the Canadian market.
Darden Restaurants Inc. ( DRI ) will also spread its operations in the Middle East. Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. McDonald's Corp. ( MCD ) and Yum! Brands Inc. ( YUM ) already have considerable coverage in India. Companies like Yum! Brands and McDonald's are aggressively expanding in China to capitalize on the fast-paced economic growth in Asia. The companies are also targeting South-East Asia for expansion.
Same-Store Sales: The second driver consists of menu price increases and traffic counts. Most of the restaurant operators reported positive same-store sales and customer traffic growth in the recent months. Growth in menu price has accelerated, as per figures from the Bureau of Labor Statistics.
Cost-Containment Efforts: Some cost cuts have been achieved through integrated information systems, including point-of-sale, automated kitchen display, labor-scheduling and theoretical food cost systems.
Marketing Tools: Social media as a marketing tool has taken the industry by storm. Most of the operators rely on social media for promotion. Hence, we believe they are likely to incorporate Facebook, online review sites, Twitter and blogs increasingly into their marketing mix over the next two years.
OPPORTUNITIES
With the economic outlook improving, the fortunes of a number industry players have turned around. These companies promise long-term growth opportunities.
Buffalo Wild Wings ( BWLD ) offers investors one of the strongest growth stories in this space. It had also been able to consistently deliver positive comps during the height of market turmoil.
With steady earnings and a healthy balance sheet, McDonald's ( MCD ) provides relative safety and moderate growth opportunities in the current scenario, as well as exposure to faster-growing international markets. McDonald's U.S. comparable-store sales have been showing a continued uptrend since the last few months on strong sales of beverage as well as core menu products.
Boasting of a unique position in the hyper-competitive bar and grill segment, yet another stock, BJ's Restaurants ( BJRI ) offers investors a strong growth story with a viable business strategy and debt-free balance sheet. The company delivered impressive second quarter results in terms of earnings per share and same-store sales growth.
Improved Californian Market
The core California market, which was badly hit by the recession resulted in a high rate of unemployment and weak consumer confidence, has turned around. We see plenty of growth opportunities in the California and Texas markets. BJ's Restaurants and Red Robin Gourmet Burgers Inc. ( RRGB ) are expanding rapidly in California.
Job Growth in the Sector
The restaurant industry is one of the major contributors to job growth in the U.S. In the 12 months ended October 2011, restaurant employment increased 1.7% from 1.1% for the same period a year earlier. According to the National Restaurant Association, Texas and Florida will likely show the strongest job growth over the next 10 years.
Remodels and Menu Innovations Remain Key to Success
Additionally, restaurants are accessing different means to plug the problems of heightened competition in a somewhat over-supplied domestic market. Companies continue to reduce their energy consumption and are remodeling their restaurants to give an upmarket feel. They are rolling out new, smaller prototypes to augment the perception of value and drive traffic thereby reducing construction and occupancy costs to enhance returns on capital.
While Darden has embarked on an extensive remodeling plan for its core brands like Olive Garden and Red Lobster to spur its same-store sales, Chipotle Mexican Grill is introducing typical Southeast Asian cuisine along with the naturally raised food, for which it is well known.
Having stabilized their financial positions, the operators are well positioned to bring newer offerings to their menu card in 2012 in order to cater to the ever-changing demands of customers. The introduction of small plates or individual appetizers by several chains such as California Pizza Kitchen ( CPKI ), BJ's Restaurants and Buffalo Wild Wings have already tasted success. Limited Time Offers are also on the rise.
Franchise-Driven Business Model
Most of the companies are transforming to more a franchise-centric model to reduce the volatility in earnings and increase cash flow generation. However, Panera Bread Co. ( PNRA ) bread is more inclined toward company-owned unit openings, which speak well of its fundamental strength and make us optimistic on the stock.
Breakfast Menus a Key Driver
Breakfast has accounted for nearly 60% of the U.S. restaurant industry and remains a key driver of traffic growth in recent years. Over the past five years, morning meal traffic has increased at an average rate of 2% per year, while lunch visits were flat, and supper traffic declined 2% per year on average.
We can thereby conclude that growth potential remains mainly in the QSR markets. Leveraging the trend, The Wendy's Company ( WEN ) has expedited its breakfast menu in different markets. The company targets to have about 1,000 restaurants serving its new breakfast by the end of this year. The comps of Jamba Inc. ( JMBA ) also gained traction in the recent quarters through its breakfast wraps. The company expanded this product line to 270 company stores in May and will spread further in 2012. McDonald's is yet another beneficiary of the increasingly popular breakfast menu.
According to an analysis by NPD, which has a ten-year projection of foodservice trends based on aging, population growth and trend momentum, servings of breakfast sandwiches are projected to outpace the industry's growth forecast. Annual servings per capita of breakfast sandwiches at foodservice are expected to jump from 11 in 2004 to 14 in 2019.
M&A Activity
Merger and acquisition activity is also gaining momentum in the sector. The companies are looking at potential business partners to foray into different zones and unlock value. While Starbucks has stepped beyond coffee and ventured into the $50 billion category of healthy juices, Yum! Brands is also on the verge of acquiring China-based restaurant chain Little Ship. Recently, the Minneapolis-based Granite City Food & Brewery agreed to acquire the assets of seven Cadillac Ranch All American Bar & Grill restaurants. Darden has also inked a deal to purchase two Eddie V's restaurant brands -- Eddie V's Prime Seafood and Wildfish Seafood Grille.
Apart from acquisitions, the companies are also divesting their slow-moving brands in order to spur growth. The recent sale of Long John Silver's and A&W of Yum! Brands as well as the departure of Arby's from Wendy's confirm the trend.
Currently, there are a number of stocks in the restaurant with a Zacks #1 Rank (short-term Strong Buy rating). These include Domino's Pizza Inc. ( DPZ ). Companies with Zacks #2 Rank (short-term Buy rating) include Benihana Inc. ( BNHN ), Panera Bread Co. ( PNRA ) and Papa John International ( PZZA ).
WEAKNESSES
Higher Food and Gasoline Prices
Food costs account for about one-third of restaurant sales. Wholesale food prices have been on the rise this year. Prices of corn, wheat, coffee and other commodities have also trended up, compelling many restaurants to raise prices on some of their products. The companies are expecting industry-wide increases in commodity and energy costs to continue in 2012. Dairy and beef prices witnessed a steep rise on a year-over-year basis.
Companies like Red Robin Burger, McDonald's and Texas Roadhouse, which are exposed to the beef market, or CEC Entertainment Inc. ( CEC ) and The Cheesecake Factory Inc. ( CAKE ), which are regular buyers of cheese, often feel the brunt of price inflation. Chicken wing prices, which have been favorable in third quarter 2011, are rising now. A continued rise in traditional wing prices is expected for 2012.
With food being more expensive and gasoline prices always on the rise, people have less disposable income and prefer to dine at home. In our opinion, most of the restaurants will try to safeguard their margins by passing the cost hikes onto consumers. While big and established chains like McDonald's, Yum! Brands and Starbucks will survive the price increases due to their broad customer base and larger economies of scale, smaller chains will feel the cost pressure. Some restaurants also expect labor expense to rise in 2012, due to a hike in minimum wages across a number of states, particularly in the West.
Steep Competition and Promotional Offers
Competition among casual dining restaurants is expected to remain fierce with respect to price, service, location and concept in order to drive traffic. The environment is still value-sensitive. High discount rates applied to menu prices in order to battle difficult economic conditions are resulting in price wars among competitor companies. Hence, the failure of any promotional offer will put pressure on the company's same-restaurant sales growth.
Shut Down of Regional Restaurant Chains
The majority of independent U.S. restaurant units are closing, while restaurant chains remained steady. Large national chains, which attract mainly higher-income visitors are performing better than regional restaurants as upscale-customers are recovering faster than the lower-income group.
Lag in Traffic Growth Barring Fast Casual Restaurants
According to a recent NPD foodservice market research report, visits to the leading fast casual restaurant chains grew more than 15% over the last three years while the rest of the industry experienced its sharpest traffic declines. However, fast casual unit availability increased 12% since 2007. Visits to the leading fast casual restaurant chains, like Chipotle ( CMG ) and Panera, were up 6% for the year ending December 2010 versus a year ago. This compares with a 1% decline in total industry visits for the same time period.
Given the lack of overall earnings catalysts, it's hard to be upbeat about a number of restaurant stocks. There are quite a few names on which we have a cautious outlook. These include Brinker International Inc. ( EAT ), Yum! Brands, The Cheesecake Factory, Einstein Noah Restaurant Group Inc. ( BAGL ) and McDonald's, all of which retain the Zacks #3 Rank (short-term Hold). Ruby Tuesday Inc. ( RT ) and Jack in the Box Inc. ( JACK ) still hold the Zacks #4 Rank (short-term Sell).
Conclusion
The restaurant industry is still not immune to uncertainties in the macro economy. We believe the companies with strong cash flow generation will survive the market volatility. However, there are companies with huge capital budgets that look to be in good shape financially. Easy comparisons from the prior year will likely place this year's performance in a brighter light.
On the consumer front, while they were previously struggling to survive in a recessionary environment, they are now grappling with steeply rising commodity costs, a still-high unemployment rate and dreary wage gains. These factors are still compelling consumers to tighten their belts. In our opinion, a set of focused efforts will help restaurant companies operate with a cautiously optimistic outlook in 2012.
BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! BRANDS INC (YUM): Free Stock Analysis ReportZacks 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.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! While Chipotle is primarily concentrating on European countries including U.K., Germany and France, Buffalo Wild Wings Inc. ( BWLD ) will expand its overseas footprint by opening more than 50 company-owned and franchised restaurants in Canada over the next 5 years.
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BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. The U.S. economy is improving, albeit at a lower rate, but a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still-elevated unemployment level and weak income growth may weigh on industry profitability.
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BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. Drivers of the Restaurant Industry The U.S. restaurant industry consists of Quick Service Restaurants (QSR), Midscale Restaurants, Casual Dining, Non-Commercial and Fine Dining/Upscale restaurants.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! Most of the restaurant operators reported positive same-store sales and customer traffic growth in the recent months.
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0e22ceb4-6bb4-49d5-bf88-e1242988e146
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727499.0
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2011-11-22 00:00:00 UTC
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Restaurant Industry Stock Review - Nov. 2011 - Industry Outlook
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DENN
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https://www.nasdaq.com/articles/restaurant-industry-stock-review-nov.-2011-industry-outlook-2011-11-22-0
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nan
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nan
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The restaurant industry is showing improvements and seems poised for long-term growth, but concerns about the health of the U.S. economy and the nagging sovereign debt issues in Europe pose some risks to this outlook. However, if we look back at the last few months, restaurant operators managed to post improved results riding on the back of modest traffic improvement and the consequent rise in comparable-store sales.
A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index ( RPI ), measuring the health and outlook on the U.S. restaurant industry, was 100.1 in September, up 0.7% from August. It was the highest level since June. The RPI run-rate in the last three months connotes improvements in same-store sales and customer traffic.
The Current Situation Index, which measures comparable-store sales, traffic counts, labor costs and capital expenditures in the restaurant industry, was 100.1 in September, up 0.8% from August. The Expectations Index, which measures restaurant operators' six-month outlook on the above indicators, stood at 100.2, up 0.7% from the prior month. Restaurant operators' capital spending plans are also on the rise, reaffirming their positive outlook on the industry.
All these culminate to the general optimism in the sector. We are hopeful that restaurant companies will continue to deliver better numbers in the upcoming quarter as opposed to the year-earlier period. An improving outlook can be validated by the NPD foodservice market research report, which stated that annual visits to restaurants will increase by 8% over the next ten years.
Road Ahead
Looking ahead, we see modest top-line trends. Most of the restaurant operators are passing on higher costs to consumers in order to mitigate commodity pressure this year, and we expect this trend to continue in 2012. The companies that are well positioned are likely to enjoy pricing power and thus same-store sales increases.
However, we expect guest count to remain subdued in the first half of 2012. The U.S. economy is improving, albeit at a lower rate, but a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still-elevated unemployment level and weak income growth may weigh on industry profitability.
Restaurants have been trying to win back cash-conscious guests by revamping promotions, offering discounts and focusing on value-for-meal menus. However, the tendency to offer discounts has been moderating. We remain cautiously optimistic over the near-to-medium term, with consumers continuing to look for value, distinct dining experiences, as well as convenient and enhanced menu deals in a gradually improving economic backdrop.
Drivers of the Restaurant Industry
The U.S. restaurant industry consists of Quick Service Restaurants (QSR), Midscale Restaurants, Casual Dining, Non-Commercial and Fine Dining/Upscale restaurants.
In the midst of what might be called a lukewarm recovery, these are the potential drivers of net income growth for the restaurant industry: unit expansion, same-store sales, cost-containment efforts and marketing tools.
Unit Expansion: Emerging from a lackluster economy in 2008-2009, most of the companies have accelerated their pace of restaurant openings, though not aggressively. A relative recovery in consumer confidence has also encouraged companies to return to unit expansion.
In fact, the companies are also exploring international markets. While Chipotle is primarily concentrating on European countries including U.K., Germany and France, Buffalo Wild Wings Inc. ( BWLD ) will expand its overseas footprint by opening more than 50 company-owned and franchised restaurants in Canada over the next 5 years. Additionally, the company is also looking for expansion opportunities in other international markets like the United Kingdom and Middle East. Another restaurant, P.F. Chang's China Bistro Inc. ( PFCB ) is also eying the Canadian market.
Darden Restaurants Inc. ( DRI ) will also spread its operations in the Middle East. Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. McDonald's Corp. ( MCD ) and Yum! Brands Inc. ( YUM ) already have considerable coverage in India. Companies like Yum! Brands and McDonald's are aggressively expanding in China to capitalize on the fast-paced economic growth in Asia. The companies are also targeting South-East Asia for expansion.
Same-Store Sales: The second driver consists of menu price increases and traffic counts. Most of the restaurant operators reported positive same-store sales and customer traffic growth in the recent months. Growth in menu price has accelerated, as per figures from the Bureau of Labor Statistics.
Cost-Containment Efforts: Some cost cuts have been achieved through integrated information systems, including point-of-sale, automated kitchen display, labor-scheduling and theoretical food cost systems.
Marketing Tools: Social media as a marketing tool has taken the industry by storm. Most of the operators rely on social media for promotion. Hence, we believe they are likely to incorporate Facebook, online review sites, Twitter and blogs increasingly into their marketing mix over the next two years.
OPPORTUNITIES
With the economic outlook improving, the fortunes of a number industry players have turned around. These companies promise long-term growth opportunities.
Buffalo Wild Wings ( BWLD ) offers investors one of the strongest growth stories in this space. It had also been able to consistently deliver positive comps during the height of market turmoil.
With steady earnings and a healthy balance sheet, McDonald's ( MCD ) provides relative safety and moderate growth opportunities in the current scenario, as well as exposure to faster-growing international markets. McDonald's U.S. comparable-store sales have been showing a continued uptrend since the last few months on strong sales of beverage as well as core menu products.
Boasting of a unique position in the hyper-competitive bar and grill segment, yet another stock, BJ's Restaurants ( BJRI ) offers investors a strong growth story with a viable business strategy and debt-free balance sheet. The company delivered impressive second quarter results in terms of earnings per share and same-store sales growth.
Improved Californian Market
The core California market, which was badly hit by the recession resulted in a high rate of unemployment and weak consumer confidence, has turned around. We see plenty of growth opportunities in the California and Texas markets. BJ's Restaurants and Red Robin Gourmet Burgers Inc. ( RRGB ) are expanding rapidly in California.
Job Growth in the Sector
The restaurant industry is one of the major contributors to job growth in the U.S. In the 12 months ended October 2011, restaurant employment increased 1.7% from 1.1% for the same period a year earlier. According to the National Restaurant Association, Texas and Florida will likely show the strongest job growth over the next 10 years.
Remodels and Menu Innovations Remain Key to Success
Additionally, restaurants are accessing different means to plug the problems of heightened competition in a somewhat over-supplied domestic market. Companies continue to reduce their energy consumption and are remodeling their restaurants to give an upmarket feel. They are rolling out new, smaller prototypes to augment the perception of value and drive traffic thereby reducing construction and occupancy costs to enhance returns on capital.
While Darden has embarked on an extensive remodeling plan for its core brands like Olive Garden and Red Lobster to spur its same-store sales, Chipotle Mexican Grill is introducing typical Southeast Asian cuisine along with the naturally raised food, for which it is well known.
Having stabilized their financial positions, the operators are well positioned to bring newer offerings to their menu card in 2012 in order to cater to the ever-changing demands of customers. The introduction of small plates or individual appetizers by several chains such as California Pizza Kitchen ( CPKI ), BJ's Restaurants and Buffalo Wild Wings have already tasted success. Limited Time Offers are also on the rise.
Franchise-Driven Business Model
Most of the companies are transforming to more a franchise-centric model to reduce the volatility in earnings and increase cash flow generation. However, Panera Bread Co. ( PNRA ) bread is more inclined toward company-owned unit openings, which speak well of its fundamental strength and make us optimistic on the stock.
Breakfast Menus a Key Driver
Breakfast has accounted for nearly 60% of the U.S. restaurant industry and remains a key driver of traffic growth in recent years. Over the past five years, morning meal traffic has increased at an average rate of 2% per year, while lunch visits were flat, and supper traffic declined 2% per year on average.
We can thereby conclude that growth potential remains mainly in the QSR markets. Leveraging the trend, The Wendy's Company ( WEN ) has expedited its breakfast menu in different markets. The company targets to have about 1,000 restaurants serving its new breakfast by the end of this year. The comps of Jamba Inc. ( JMBA ) also gained traction in the recent quarters through its breakfast wraps. The company expanded this product line to 270 company stores in May and will spread further in 2012. McDonald's is yet another beneficiary of the increasingly popular breakfast menu.
According to an analysis by NPD, which has a ten-year projection of foodservice trends based on aging, population growth and trend momentum, servings of breakfast sandwiches are projected to outpace the industry's growth forecast. Annual servings per capita of breakfast sandwiches at foodservice are expected to jump from 11 in 2004 to 14 in 2019.
M&A Activity
Merger and acquisition activity is also gaining momentum in the sector. The companies are looking at potential business partners to foray into different zones and unlock value. While Starbucks has stepped beyond coffee and ventured into the $50 billion category of healthy juices, Yum! Brands is also on the verge of acquiring China-based restaurant chain Little Ship. Recently, the Minneapolis-based Granite City Food & Brewery agreed to acquire the assets of seven Cadillac Ranch All American Bar & Grill restaurants. Darden has also inked a deal to purchase two Eddie V's restaurant brands -- Eddie V's Prime Seafood and Wildfish Seafood Grille.
Apart from acquisitions, the companies are also divesting their slow-moving brands in order to spur growth. The recent sale of Long John Silver's and A&W of Yum! Brands as well as the departure of Arby's from Wendy's confirm the trend.
Currently, there are a number of stocks in the restaurant with a Zacks #1 Rank (short-term Strong Buy rating). These include Domino's Pizza Inc. ( DPZ ). Companies with Zacks #2 Rank (short-term Buy rating) include Benihana Inc. ( BNHN ), Panera Bread Co. ( PNRA ) and Papa John International ( PZZA ).
WEAKNESSES
Higher Food and Gasoline Prices
Food costs account for about one-third of restaurant sales. Wholesale food prices have been on the rise this year. Prices of corn, wheat, coffee and other commodities have also trended up, compelling many restaurants to raise prices on some of their products. The companies are expecting industry-wide increases in commodity and energy costs to continue in 2012. Dairy and beef prices witnessed a steep rise on a year-over-year basis.
Companies like Red Robin Burger, McDonald's and Texas Roadhouse, which are exposed to the beef market, or CEC Entertainment Inc. ( CEC ) and The Cheesecake Factory Inc. ( CAKE ), which are regular buyers of cheese, often feel the brunt of price inflation. Chicken wing prices, which have been favorable in third quarter 2011, are rising now. A continued rise in traditional wing prices is expected for 2012.
With food being more expensive and gasoline prices always on the rise, people have less disposable income and prefer to dine at home. In our opinion, most of the restaurants will try to safeguard their margins by passing the cost hikes onto consumers. While big and established chains like McDonald's, Yum! Brands and Starbucks will survive the price increases due to their broad customer base and larger economies of scale, smaller chains will feel the cost pressure. Some restaurants also expect labor expense to rise in 2012, due to a hike in minimum wages across a number of states, particularly in the West.
Steep Competition and Promotional Offers
Competition among casual dining restaurants is expected to remain fierce with respect to price, service, location and concept in order to drive traffic. The environment is still value-sensitive. High discount rates applied to menu prices in order to battle difficult economic conditions are resulting in price wars among competitor companies. Hence, the failure of any promotional offer will put pressure on the company's same-restaurant sales growth.
Shut Down of Regional Restaurant Chains
The majority of independent U.S. restaurant units are closing, while restaurant chains remained steady. Large national chains, which attract mainly higher-income visitors are performing better than regional restaurants as upscale-customers are recovering faster than the lower-income group.
Lag in Traffic Growth Barring Fast Casual Restaurants
According to a recent NPD foodservice market research report, visits to the leading fast casual restaurant chains grew more than 15% over the last three years while the rest of the industry experienced its sharpest traffic declines. However, fast casual unit availability increased 12% since 2007. Visits to the leading fast casual restaurant chains, like Chipotle ( CMG ) and Panera, were up 6% for the year ending December 2010 versus a year ago. This compares with a 1% decline in total industry visits for the same time period.
Given the lack of overall earnings catalysts, it's hard to be upbeat about a number of restaurant stocks. There are quite a few names on which we have a cautious outlook. These include Brinker International Inc. ( EAT ), Yum! Brands, The Cheesecake Factory, Einstein Noah Restaurant Group Inc. ( BAGL ) and McDonald's, all of which retain the Zacks #3 Rank (short-term Hold). Ruby Tuesday Inc. ( RT ) and Jack in the Box Inc. ( JACK ) still hold the Zacks #4 Rank (short-term Sell).
Conclusion
The restaurant industry is still not immune to uncertainties in the macro economy. We believe the companies with strong cash flow generation will survive the market volatility. However, there are companies with huge capital budgets that look to be in good shape financially. Easy comparisons from the prior year will likely place this year's performance in a brighter light.
On the consumer front, while they were previously struggling to survive in a recessionary environment, they are now grappling with steeply rising commodity costs, a still-high unemployment rate and dreary wage gains. These factors are still compelling consumers to tighten their belts. In our opinion, a set of focused efforts will help restaurant companies operate with a cautiously optimistic outlook in 2012.
BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! BRANDS INC (YUM): Free Stock Analysis ReportZacks 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.
|
Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! While Chipotle is primarily concentrating on European countries including U.K., Germany and France, Buffalo Wild Wings Inc. ( BWLD ) will expand its overseas footprint by opening more than 50 company-owned and franchised restaurants in Canada over the next 5 years.
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BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. The U.S. economy is improving, albeit at a lower rate, but a sluggish labor market, over-supply of restaurants in the industry, higher gasoline prices, food cost inflation, a still-elevated unemployment level and weak income growth may weigh on industry profitability.
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BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. Drivers of the Restaurant Industry The U.S. restaurant industry consists of Quick Service Restaurants (QSR), Midscale Restaurants, Casual Dining, Non-Commercial and Fine Dining/Upscale restaurants.
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Several food chains, including Denny's Corp. ( DENN ), Pollo Tropical of Carrols Restaurant ( TAST ) and Starbucks Corporation ( SBUX ) intend to tap the fast-growing Indian market. BJ'S RESTAURANT ( BJRI ): Free Stock Analysis Report BUFFALO WLD WNG ( BWLD ): Free Stock Analysis Report CHIPOTLE MEXICN ( CMG ): Free Stock Analysis Report DENNY'S CORP ( DENN ): Free Stock Analysis Report DARDEN RESTRNT (DRI): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportMCDONALDS CORP (MCD): Free Stock Analysis ReportPF CHANGS CHINA (PFCB): Free Stock Analysis ReportPANERA BREAD CO (PNRA): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportSTARBUCKS CORP (SBUX): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportWENDYS CO/THE (WEN): Free Stock Analysis ReportYUM! Most of the restaurant operators reported positive same-store sales and customer traffic growth in the recent months.
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