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Notable news items/price action from Friday’s trading session.

  • SBUX featured in an article in Barrons this weekend and reported sell-side views that earnings forecasts have 15% upside over the next 12 months.
  • MCD chief communications officer, Jack Daly, passed away on Saturday morning after a battle with cancer.
  • CMG is facing a wider probe of its hiring by immigration officials after the company came under scrutiny in Minnesota and had to fire workers. 
  • CHUX reported operating results for the fourth quarter of 2010 on Friday and results were disappointing.  Company-operated same-store sales came in at -1.4% and EPS from continuing operations of -$0.77 versus the Street at -$0.30.  Its shares declined on accelerating volume on Friday, underperforming casual dining peers.
  • GMCR shares gained 4.8% on accelerating volume to close out a strong week following well-received earnings results last week.
  • BWLD and EAT shares declined on accelerating volume.
  • CBRL and DIN shares gained on accelerating volume.
  • National Restaurant News reported a survey of consumers by Sandelman & Associates.  The top 10 chains based on the percentage of “excellent overall” ratings were:
  1. Café Rio
  2. Pei Wei Asian Diner
  3. In-N-Out Burger
  4. Raising Cane’s
  5. Chick-fil-A
  6. Captiotti’s
  7. Paradise Bakery
  8. Costa Vida
  9. Lenny’s Sub Shop
  10. Chipotle

TALES OF THE TAPE: SBUX, MCD, CMG, CHUX, GMCR, BWLD, EAT, CBRL, DIN, PFCB - stocks 27

Howard Penney

Managing Director