Restaurants

(DPZ) Domino’s Pizza Dishes out Pizza in New Orleans

Domino’s Pizza Inc. (DPZ) is set to launch its new restaurant in Metairie, New Orleans in association with its franchisee owner, Glenn Mueller, on May 28, 2013. The opening will mark the debut of the company’s first ‘pizza...

21Sep2013 | | Comments Off | Continued

(EAT) Brinker International Builds Up in Canada

Brinker International Inc. (EAT) is set to buy 11 of its franchised Chili’s restaurants based in Alberta, Canada from Speedy Creek Ltd., which has long been one of its franchisees. The acquisition, which is expected to be carried...

9Sep2013 | | Comments Off | Continued

(JACK) Jack in the Box Lags Earnings and Revenue Estimates

Jack in the Box Inc. (JACK) recently posted second-quarter fiscal 2013 adjusted earnings of 30 cents per share, missing the Zacks Consensus Estimate of 31 cents by 3.2% and comparable year-ago quarter’s earnings by 37.5%. Earnings...

10Jul2013 | | Comments Off | Continued

(DPZ) Domino’s Pizza’s First Quarter Earnings Impress

Domino’s Pizza Inc. (DPZ) reported first-quarter 2013 adjusted earnings of 59 cents per share, outperforming the Zacks Consensus Estimate of 56 cents by 5.4% and that of the year-ago quarter by 25.5%. Higher top-line, share repurchase...

18May2013 | | Comments Off | Continued

(DPZ) Domino’s Pizza First Quarter Earnings Impress

Domino’s Pizza Inc. (DPZ) reported first-quarter 2013 adjusted earnings of 59 cents per share, outperforming the Zacks Consensus Estimate of 56 cents by 5.4% and that of the year-ago quarter by 25.5%. Higher top-line, share repurchase...

16May2013 | | Comments Off | Continued

(KONA) Kona Grill First Quarter Earnings Beat – Revenues Miss

Kona Grill Inc.’s (KONA) first-quarter 2013 earnings of 12 cents per share beat the Zacks Consensus Estimate by 9.1% but were 7.7% lower than the year-ago earnings of 13 cents. A choppy sales environment coupled with higher operating...

15May2013 | | Comments Off | Continued

(BWLD) Buffalo Wild Wings Stays Neutral

We maintain our Neutral recommendation on casual dining restaurants chain Buffalo Wild Wings Inc. (BWLD). While we prefer the company’s strong brand potential and ongoing expansion strategy, an uncertain economic condition and cost...

4May2013 | | Comments Off | Continued

(RRGB) Burger King Worldwide Issues First Quarter 2013 Guidance

Miami, FL-based hamburger restaurant chain Burger King Worldwide, Inc. (BKW) recently provided guidance for the first quarter of 2013. Burger King projects that adjusted earnings will grow nearly 25% year on year to 17 cents...

21Apr2013 | | Comments Off | Continued

(YUM) YUM! Brand’s China Sales Tumble Again

It seems that the Chinese division of  Yum! Brands Inc. (YUM), which is also the largest contributor to its revenue stream, is going through a bad phase. In a recent SEC filing, Yum! Brands stated that its China division’s same-store...

18Apr2013 | | Comments Off | Continued

(WEN) Wendy’s Shares Stay Neutral

We maintain our Neutral recommendation on the restaurateur The Wendy’s Co. (WEN). While we prefer the company’s multi-year turnaround plan to improve its restaurant operating margins, reinvigorate brands and expand internationally,...

18Apr2013 | | Comments Off | Continued

(KKD) Dunkin’ Brands Group Strengthens Foothold in Ohio

In a bid to expand its presence in Ohio., Dunkin’ Brands Group Inc.’s ( DNKN) subsidiary Dunkin Donuts and Gilligan Oil Company LLC. has recently entered into a multi-unit store development contract....

11Mar2013 | | Comments Off | Continued

(EAT) Brinker International Revises Fiscal 2013 Guidance and Long-term Outlook

Brinker International Inc. (EAT) recently revised its guidance for fiscal 2013 and also updated its long-term outlook. Revised Fiscal 2013 Guidance The company now expects that its adjusted earnings per...

5Mar2013 | | Comments Off | Continued

(TXRH) Texas Roadhouse Earnings Beat The Street Overall

Texas Roadhouse Inc.’s (TXRH) fourth-quarter 2012 earnings of 19 cents per share surpassed the Zacks Consensus Estimate as well as prior-year earnings by 11.76%. Increased revenues along with efficient cost containment resulted...

27Feb2013 | | Comments Off | Continued

(MCD) McDonald’s Beats Forecasts on Top and Bottom Lines

McDonald’s Corporation’s (MCD) fourth quarter 2012 earnings of $1.38 per share beat the Zacks Consensus Estimate as well as the year-ago earnings of $1.33 per share. Improvement in top-line coupled with cost containment efforts...

29Jan2013 | | Comments Off | Continued

(KKD) Krispy Creme Upgraded to Strong Buy

On January 19, Zacks Investment Research upgraded Krispy Kreme Doughnuts Inc.(KKD) to a Zacks Rank #1 (Strong Buy) backed by its international expansion. Why the Upgrade? Strong momentum in the company’s...

22Jan2013 | | Comments Off | Continued

(EAT) Burger King Worldwide Partners Beboca

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...

1Jan2013 | | Comments Off | Continued

(DAVE) Famous Dave’s of America Makes Executive Changes

Yesterday, Famous Dave’s of America Inc. (DAVE) revealed that it has appointed John Gilbert III as the chief executive officer (CEO) with immediate effect. Gilbert replaced Christopher O’Donnell, who will continue with...

17Oct2012 | | Comments Off | Continued

(DPZ) Domino’s Pizza’s Store Count Reaches Milestone

Domino’s Pizza Inc. (DPZ), a leading pizza company, has continued to be on a growth trajectory with the opening of its 10,000th store. The company took 53 years, since it opened its first store in 1960 in Ypsilanti, Michigan, to...

10Oct2012 | | Comments Off | Continued

(MCD) Restaurant Industry Stock Outlook – October 2012 – Industry Outlook

Despite beginning the year on a relatively positive note, sales momentum in the U.S. restaurant industry appears to have slackened in the second quarter of 2012, mostly reflecting macroeconomic issues. The industry has been at the receiving end of the global economic concerns, a stronger dollar, the...

9Oct2012 | | Comments Off | Continued

(MCD) McDonald’s Hikes Dividend 10%

Oak Brook, Illinois-based McDonald’s Corp. (MCD) recently increased its quarterly dividend by 10% from 70 cents per share paid previously. This equates to an annual pay out of $3.08 per share. The increased dividend will be paid...

9Oct2012 | | Comments Off | Continued

(CAKE) The Cheesecake Factory in Expansion Mode

In order to boost its national presence, The Cheesecake Factory Inc. (CAKE) recently opened its new outlet at Quaker Bridge Mall situated in Lawrence Township, New Jersey. The company plans to open around seven to...

9Oct2012 | | Comments Off | Continued

(EAT) Brinker International Raises Dividend by 25%

Brinker International Inc. (EAT) recently hiked its quarterly dividend payout by 4 cents to 20 cents per share, reflecting a 25.0% increase from the prior dividend payout. This equates to an annual payout of 80 cents per share. The...

28Aug2012 | | Comments Off | Continued

(CAKE) The Cheesecake Factory Makes its Overseas Debut

The Cheesecake Factory Inc. (CAKE) opened a Cheesecake Factory restaurant at The Dubai Mall on August 16. The new 13,851 square feet Dubai restaurant can accommodate 300 guests. This new unit, opened in association with the Kuwait-based...

22Aug2012 | | Comments Off | Continued

(MCD) McDonald’s Corporation – Bear of the Day

McDonald’s Corp. (MCD) enjoyed increased global same-store sales and moderate growth prospects with its exposure to faster-growing international markets, a strong balance sheet and consistent earnings. However, its lower-than-expected...

2Aug2012 | | Comments Off | Continued

(MCD) European Anxieties Persist

Europe is again in the news this morning, with Spain-centric fears reminding investors that the region’s problems are far from settled. With yields on Spanish government bonds reaching Euro-era highs, market participants are justifiably wondering whether the government will need much more than a...

23Jul2012 | | Comments Off | Continued

(BWLD) Buffalo Wild Wings Beat Earnings Again

Restaurant operator Buffalo Wild Wings Inc.(BWLD), recently reported first quarter 2012 earnings of 98 cents per share, surpassing the Zacks Consensus Estimate of 95 cents per share and also jumping 21.0% from the year-ago quarter...

8May2012 | | Comments Off | Continued

(KKD) Krispy Kreme Doughnuts COO Steps Down

Winston-Salem, North Carolina-based Krispy Kreme Doughnuts, Inc. (KKD) recently announced that its President and Chief Operating Officer (COO) Kenneth A. May has stepped down from his position citing personal reasons. Mr. May...

20Apr2012 | | Comments Off | Continued

(RRGB) Red Robin Gourmet Burgers – Bull of the Day

Red Robin Gourmet Burgers (RRGB) reported another solid quarter with fourth-quarter 2011 earnings surpassing the Zacks Consensus Estimate as it experienced upside in revenue and margin. The company is progressing quite successfully...

24Feb2012 | | 0 comments | Continued

(BJRI) BJ’s Restaurants – Bull of the Day

BJ’s Restaurants (BJRI) remains well positioned to sustain its growth momentum, while generating improved earnings on the heels of efficient operations and innovative offerings. These also help the company to drive traffic and...

26Jan2012 | | 0 comments | Continued

(DRI) Darden Restaurants Incorporated – Bear of the Day

Although Darden Restaurants, Inc. (DRI) registered improving blended comparable restaurant sales for the last few quarters, recent woes at Olive Garden continue to nag the company. Stiff competition resulting in higher discounting...

18Jan2012 | | 0 comments | Continued