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

  • DRI is a “Buy” at current levels, according to JP Morgan.  The restaurant company is considering some “nontraditional opportunities” such as college campuses and airports, according to Darden executives during their annual investor-analyst day.
  • MCD Japan SSS rose 2.2% in January.   This is a significant sequential slow down from December’s +11.6% number.
  • WEN share price gained on strong volume as the company’s plan to sell Arby’s and focus on its core business continues to be viewed positively by the investment community.
  • DPZ shares rose on accelerating volume as expectations rose for pizza sales during the Super Bowl increased.  According to media reports, Pizza Hut expects to sell a record 2 million pies on Super Bowl Sunday and Papa John’s expects to sell 1 million pizzas in the U.S.
  • SBUX and YUM also gained on accelerating volume as MCD, GMCR, BAGL and COSI declined on accelerating volume. 
  • BWLD gained on accelerating volume, rising 3.8% and outperforming the casual dining space.  TXRH and EAT also gained on accelerating volume.

TALES OF THE TAPE: DRI, MCD, WEN, DPZ, PZZA, SBUX, YUM, GMCR, BAGL, COSI, BWLD, TXRH, EAT - stocks 22

Howard Penney

Managing Director