TALES OF THE TAPE: COSI, KKD, WEN, JACK, PEET, YUM, DRI, TXRH, SBUX

02/01/11 08:20AM EST

Notable news items/price action from the past twenty-four hours.

  • COSI traded strongly into the end of the session to close higher on accelerating volume along with KKD, WEN, JACK, PEET, and YUM.
  • GMCR, SBUX, and CBOU all underperformed as coffee prices continue to make headlines.
  • YUM’s KFC unit is embroiled in a lawsuit with franchisees over grilled versus fried chicken and a judge has decided that the franchisee council, “has the right to engage in a substantive planning, review and approval process”.
  • DRI’s share price gained yesterday, albeit on slowing volume, on the first day of their Investor Conference in Orlando.  Red Lobster and Olive Garden comps were strong. 
  • TXRH was downgraded to Market Perform from Outperform at Raymond James.  The stock declined on accelerating volume.

TALES OF THE TAPE: COSI, KKD, WEN, JACK, PEET, YUM, DRI, TXRH, SBUX - stocks 21

Howard Penney

Managing Director

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.