• HEDGEYE’S MARKET BRIEF
    Our FREE Investing Newsletter
    Get Exclusive Summer Sale Discounts

    By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. All Hedgeye products and services are subject to Hedgeye’s Terms of Service available at www.hedgeye.com/terms_of_service

Monday Mashup: BWLD, BJRI and More - 11

Recent Notes

10/20/14 Monday Mashup: DRI, EAT and More

10/21/14 CMG: Dip Presents Buying Opportunity

10/21/14 EAT: Earnings Recap

10/23/14 MCD: Millennials Aren't the Problem

10/24/14 Invite | Ebola Forecasting & Containment Call with Dr. Jeffrey Shaman

Events This Week

Monday, October 27th

  • DENN earnings call 4:30pm EST
  • BWLD earnings call 5:00pm EST

Tuesday, October 28th

  • DIN earnings call 11:00am EST
  • KONA earnings call 5:00pm EST

Wednesday, October 29th

  • PNRA earnings call 8:30am EST
  • IRG earnings call 5:00pm EST

Thursday, October 30th

  • SBUX earnings call 5:00pm EST

Chart of the Day

Cheese block prices are up 14.4% YTD and 23.8% YoY.

Monday Mashup: BWLD, BJRI and More - 2

Recent News Flow

Thursday, October 23rd

  • BJRI Wayne L. Jones, Executive VP and Chief Restaurant Operations Officer, announced he will be resigning his position with the company effective November 7, 2014 in order to pursue a new, undisclosed, opportunity in the restaurant industry.

Friday, October 24th

  • BWLD was upgraded to buy from hold at Feltl and Company.

Sector Performance

The XLY (+3.8%) underperformed the SPX (+4.1%), as both casual dining and quick service stocks, on average, underperformed the XLY.

Monday Mashup: BWLD, BJRI and More - 3

Monday Mashup: BWLD, BJRI and More - 4

XLY Quantitative Setup

From a quantitative setup, the sector remains bearish on an intermediate-term TREND duration.

Monday Mashup: BWLD, BJRI and More - 5

Casual Dining Restaurants

Monday Mashup: BWLD, BJRI and More - 6

Monday Mashup: BWLD, BJRI and More - 7

Quick Service Restaurants

Monday Mashup: BWLD, BJRI and More - 8

Monday Mashup: BWLD, BJRI and More - 9

Howard Penney

Managing Director

Fred Masotta

Analyst