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Monday Mashup: BWLD, SBUX and More - 1

Recent Notes

12/22/14 Monday Mashup: BOBE, RT and More

12/23/14 Industry-Wide Comp Outlook (2015)

12/23/14 Statement Analysis (Replay)

12/29/14 Monday Mashup: 'Tis the Season


Events This Week

Tuesday, January 6th

  • SONC earnings call 5pm EST

Thursday, January 8th

  • RT earnings call 5:00pm EST

Chart of the Day

Monday Mashup: BWLD, SBUX and More - 2

Recent News Flow

This Morning

  • BOBE upgraded to buy at Janney Capital with a $60 PT.
  • DPZ upgraded to buy at Janney Capital with a $110 PT.
  • LOCO upgraded to outperform at RW Baird with a $34 PT.
  • PBPB upgraded to outperform at RW Baird with a $17 PT.
  • BWLD PT increased to $205 from $180 at UBS.
  • BWLD downgraded to neutral at RW Baird with a $180 PT.
  • SBUX downgraded to neutral at Janney Capital with an $85 PT.

Monday, December 29th

  • SONC announced a new agreement (with Fast Eats, LLC) for franchise development of eight new drive-ins in the Albany, NY, area over the next seven years.
  • DFRG Double Eagle Steak House was named to OpenTables list of the 100 best restaurants and 100 best steakhouses in America.
  • DAVE announced the closure of three restaurants in the Richmond, VA area and anticipates incurring impairment charges at up to four additional company-owned restaurants. The closure of the three Richmond locations would have been accretive to full-year diluted adjusted EPS by $0.04 and same-store sales by +0.5% had they been closed at the beginning of the year.
  • COSI director Michael O'Donnell announced his departure, effective Jan. 1st.  Mr. O'Donnell will be replaced by an independent restaurant expert, David Lloyd, of Highland Consumer Fund.

Sector Performance

The XLY (-0.3%) outperformed the SPX (-1.1%) last week, as both casual dining and quick service stocks, in aggregate, outperformed the XLY.

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XLY Quantitative Setup

From a quantitative perspective, the XLY remains bullish on an intermediate-term TREND duration.

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Casual Dining Restaurants

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Quick Service Restaurants

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