THE HBM: DNKN, YUM, PNRA, BWLD

THE HEDGEYE BREAKFAST MONITOR

 

MACRO NOTES

 

Consumer

 

Initial jobless claims came in at 358k versus expectations of 370k and 373k the week prior (revised from 367k).

 

THE HBM: DNKN, YUM, PNRA, BWLD - initial claim

 

 

SUBSECTOR PERFORMANCE

 

THE HBM: DNKN, YUM, PNRA, BWLD - subsec

 

 

QUICK SERVICE

 

DNKN: Dunkin’ Brands U.S. comparable store sales were up 7.4% and Baskin-Robbins U.S. comparable sales were up 5.8% as the company reported 4Q EPS of $0.30 versus consensus $0.28.

 

YUM: Yum Brands was upgraded to Neutral from Sell at Goldman.

 

NOTABLE PERFORMANCE ON ACCELERATING VOLUME:

 

PNRA: Panera Bread declined 7.2% on accelerating volume following disappointing earnings.

 

 

CASUAL DINING

 

BWLD: Buffalo Wild Wings was cut to Market Perform by Raymond James.

 

NOTABLE PERFORMANCE ON ACCELERATING VOLUME:

 

BWLD: Buffalo Wild Wings led the space, gaining 17%, following much stronger than expected earnings.

 

THE HBM: DNKN, YUM, PNRA, BWLD - stocks

 

 

Howard Penney

Managing Director

 

Rory Green

Analyst

 


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