POST-PRESIDENTS' DAY MASHUP

POST-PRESIDENTS' DAY MASHUP - 1

 

Recent Notes

02/09/15 Monday Mashup: CAKE, PNRA and More

02/12/15 CAKE: A Troubled Concept

02/13/15 Elevating Some Shorts


Events This Week

Tuesday, February 17th

  • QSR earnings call 8:30am EST
  • PBPB earnings call 5:00pm EST

Wednesday, February 18th

  • JACK earnings call 11:30am EST
  • DENN earnings call 4:30pm EST
  • BJRI earnings call 5:00pm EST

Thursday, February 19th

  • DAVE earnings call 8:30am EST
  • BLMN earnings call 9:00am EST
  • FRGI earnings call 4:30pm EST
  • NDLS earnings call 4:30pm EST

 

Commodities

POST-PRESIDENTS' DAY MASHUP - 2

 

Recent News Flow

Monday, February 9th

  • BWLD downgraded to hold at Miller Tabak with a $193 PT.
  • MCD reported January global comps of -1.8% vs 1.1% consensus estimate.
  • WEN announced it is bringing back its North Pacific Cod Sandwich for a limited-time at participating Wendy’s restaurants.

Wednesday, February 11th

  • BJRI announced the opening of its newest restaurant in Slidell, Louisiana.  The 7,400 square ft. restaurant seats approximately 225 guests.
  • DFRG announced the appointment of two new regional managers.  Sabrina Scully has been named Dallas Fort Worth Regional Manager and Nick D’Ambrosio has been named the Northeast Regional Manager.

Thursday, February 12th

  • CMG announced the preliminary lineup for its Cultivate Festival Series: “Cultivate Phoenix will be held on Saturday, April 18, at West World in Scottsdale; Cultivate Kansas City is on Saturday, July 18, in Penn Valley Park; and Cultivate Minneapolis is on Saturday, August 22, in Loring Park.”

 

Sector Performance

The XLY (+2.7%) outperformed the SPX (+2.0%) last week.

POST-PRESIDENTS' DAY MASHUP - 3

POST-PRESIDENTS' DAY MASHUP - 4

 

Quantitative Setup

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

POST-PRESIDENTS' DAY MASHUP - 5

 

Casual Dining Restaurants

POST-PRESIDENTS' DAY MASHUP - 6

POST-PRESIDENTS' DAY MASHUP - 7

 

Quick Service Restaurants

POST-PRESIDENTS' DAY MASHUP - 8

POST-PRESIDENTS' DAY MASHUP - 9


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An Update on Defense Spending by Lt. Gen Emo Gardner

"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.

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Our Healthcare Team made a monster call to be long EXAS - hear their updated thoughts.

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