THE HEDGEYE BREAKFAST MONITOR
MACRO
Commodities
Corn has declined in Chicago as speculation mounts that the U.S. may raise its global supply estimate tomorrow.
SUB-SECTOR PERFORMANCE
Casual Dining outperformed peer subsector groups during yesterday’s trading.
QUICK SERVICE
PNRA: Shares of Panera Bread gained almost 4% yesterday. Wedbush Securities were quoted in the media as saying that the company may start buying back its own stock, which would provide potential upside to the company’s estimates.
CASUAL DINING
RT: Ruth's Chris gained 15.7% on strong volume yesterday, outperforming both quick service and casual dining.
Howard Penney
Managing Director
Rory Green
Analyst
