TALES OF THE TAPE: GMCR, SBUX, COSI, WEN, MCD, RUTH, RRGB, EAT, AFCE

News items and price action from Friday’s trading.  Between the Cowan conference and ICR the news flow for the balance of the week should pick up significantly.

  • GMCR rounded out a strong week by outperforming its QSR peers on accelerating volume Friday, gaining 3.7%.
  • SBUX also gained on accelerating volume, ending the session up 2.6%.
  • COSI again gained on accelerating volume, its shares rose 3.4% to finish the week up 29.4%.  I continue to like this stock and believe improvement in the company’s fundamentals remains
  • WEN  - converting an Arby’s to a Wendy’s in  PA - last Friday WEN declined on accelerating volume.
  • MCD gained slightly on Friday to round out a poor week’s trading during which its shares declined 3.1%.
  • RUTH outperformed on Friday, gaining 4.5% on strong volume.  This morning, the company announced preliminary 4Q10 sales results. 
  • RRGB shares increased 4.2% on accelerating volume on the back of news that activist shareholders are pushing for the company to go private
  • EAT continues to perform strongly, gaining 1.2% on Friday on strong volume. 
  • AFCE raised its forecast for the current fiscal year.

TALES OF THE TAPE: GMCR, SBUX, COSI, WEN, MCD, RUTH, RRGB, EAT, AFCE - stocks 110

Howard Penney

Managing Director