• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Notable news items and price action from the past twenty-fours along with our fundamental view on select names.

  • DRI’s Olive Garden received a warning but no fine following a Florida state investigation into how a toddler was accidentally served sangria at a Lakeland restaurant.
  • TAST reported 1Q11 EPS of $0.10 versus consensus at $0.12.  Comparable restaurant sales increased 13.5% at Pollo Tropical, 2.0% at Taco Cabana, but decreased 5.0% at Burger King.  Guidance is for comps to come in at +6-8% at Pollo Tropical (versus 3-5% previously) and to increase 2-3% at Taco Cabana (versus 1-2% previously).  Burger King comparable sales are expected to be negative for the full year but improving in 2H11.
  • TAST declined 1.2% on accelerating volume yesterday, ahead of the earnings miss.
  • KKD gained 7.2% on accelerating volume. 
  • CPKI and CBRL declined on accelerating volume.

TALES OF THE TAPE: DRI, TAST, KKD, CPKI, CBRL - stocks 510

Howard Penney

Managing Director