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Notable macro data points, news items, and price action pertaining to the restaurant space.

MACRO

Subsectors

QSR stocks outperformed yesterday as CMG and SBUX moved higher.  Dean Foods dragged the food stock average performance down.

THE HBM: MCD, SBUX, THI, KONA - subsector fbr

QUICK SERVICE

MCD was added to the “Fresh Money Ideas” list at Lazard.

SBUX is giving away free iBook downloads in partnership with Apple’s iTunes.  The downloads are available via in-store Wi-Fi hotspots.

THI recently opened its first store in Dubai, according to management commentary at the Scotia Back to School conference. 

CASUAL DINING

KONA was raised to a “Strong Buy” at Feltl.  The price target is $8 per share.

THE HBM: MCD, SBUX, THI, KONA - stocks 920

Howard Penney

Managing Director

Rory Green

Analyst