TALES OF THE TAPE: MCD, BJRI, CBRL, DIN, CPKI, CHUX, SBUX, TAST, BAGL, CMG, BWLD

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

  • MCD joined Tesco and Diageo in signing a U.K. health deal put in place by the government.  The deal involves better labeling and ingredients aimed at improving the nation’s health.
  • McDonald's has 3,302 restaurants in Japan. As of this date, the vast majority of the restaurants are open; fewer than 300 remain closed due to damage or staffing issues.
  • BJRI gained on strong volume.  It was the only restaurant stock we monitor that did so yesterday.
  • CBRL, DIN, and CPKI all declined on accelerating volume, as did CHUX. 
  • SBUX, TAST, and BAGL also declined on strong volume. 
  • According to Technomic, the top 10 restaurant chains ranked by their percentage increase in sales from 2009 to 2010 are:
  1. Five Guys Burgers and Fries at 38%
  2. Jimmy John’s Gourmet Sandwich Shop at 22%
  3. Chipotle Mexican Grill at 21%
  4. BJ’s Restaurant & Brewhouse at 20%
  5. Yard House at 18%
  6. Cheddar’s Casual Cafe at 14%
  7. Buffalo Wild Wings Grill & Bar at 14%
  8. Firehouse Subs at 14%
  9. Noodles & Co. at 14%
  10. Panda Express at 13%

TALES OF THE TAPE: MCD, BJRI, CBRL, DIN, CPKI, CHUX, SBUX, TAST, BAGL, CMG, BWLD - stocks 315

Howard Penney

Managing Director