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Notable news items and price action over the past twenty four hours.

  • MCD was added to the “Key Calls” list at UBS.  Shares are Buy rated with a price target of $86.
  • MCD’s largest global franchisee is preparing for a U.S. IPO, according to the Financial Times.
  • BWLD reported after the close.  Comps slowed and the Gap-to-Knapp went negative on a one-year basis.  Highly favorable chicken wing prices and other margin gains helped the company beat on the bottom line.
  • BWLD target raised to $55 from $52 at Deutsche Bank.
  • GMCR has been outperforming the QSR space and is not the best performing QSR stock over the last week and month.  Yesterday the stock gained 3.2% on good volume.
  • SBUX also saw its share price gain, by 2.4%, on accelerating volume.

TALES OF THE TAPE: MCD, BWLD, GCMR, SBUX - stocks 29

Howard Penney

Managing Director