THE HBM: MCD, PNRA, DPZ, BWLD

04/25/12 08:46AM EDT

THE HEDGEYE BREAKFAST MONITOR

HEDGEYE VIRTUAL PORTFOLIO POSITIONS

LONGS: JACK, SBUX

SHORTS:

 

SUBSECTOR PERFORMANCE

THE HBM: MCD, PNRA, DPZ, BWLD - subsector

 

QUICK SERVICE

MCD: McDonald’s was cut to Hold at Argus Research.

PNRA: Panera Bread reported 1Q12 EPS of $1.40 versus consensus of $1.34.  Company comps came in at 7.5% versus consensus 7.4%. 

THE HBM: MCD, PNRA, DPZ, BWLD - pnra pod1

PNRA: Panera Bread was upgraded to Buy at Miller Tabak.

PNRA: Panera Bread was reiterated Overweight at Oppenheimer.

DPZ: Domino’s Pizza was raised to Neutral versus Underperform at BofA.

NOTABLE PERFORMANCE ON ACCELERATING VOLUME:

CMG: Chipotle dropped 3.4% on strong volume as Credit Suisse’s downgrade made news.

YUM: Yum declined 2% on accelerating volume. 

CASUAL DINING

BWLD: Buffalo Wild Wings reported $0.98 versus $0.95 consensus.  Company comps came in at 9.2% versus consensus of 10.9%.  See our note from last night for additional details. 

THE HBM: MCD, PNRA, DPZ, BWLD - bwld pod1

BWLD: Buffalo Wild Wings was upgraded to Buy from Hold at Deutsche Bank.  The price target remains $100.

NOTABLE PERFORMANCE ON ACCELERATING VOLUME:

BWLD: Buffalo Wild Wings declined almost 6% on accelerating volume on earnings which were released at 3 p.m. rather than after the close, as was expected.

EAT: Brinker gained 1% on accelerating volume.

THE HBM: MCD, PNRA, DPZ, BWLD - stocks

Howard Penney

Managing Director

Rory Green

Analyst

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