Recent Notes
03/23/15 Monday Mashup
03/23/15 DRI: Room to Breathe
03/27/15 MCD: Putting the Activist Thesis to the Test
Events This Week
- No Events
Recent News Flow
Monday, March 23rd
- DRI upgraded to outperform at Telsey Advisory Group with a $77 PT.
- RT downgraded to neutral at Longbow Research.
- DENN announced the adoption of a pre-arranged stock trading plan for the purpose of repurchasing a limited number of shares of its common stock between April 6, 2015 and May 6, 2015.
Tuesday, March 24th
- DNKN promoted Jack Clare to the newly created position of Chief Information and Strategy Officer. Mr. Clare will be a member of the Dunkin’ Brands Leadership Team and will continue to report directly to the CFO, Paul Carbone.
Wednesday, March 25th
- No material news
Thursday, March 27th
- No material news
Friday, March 28th
- RRGB target was raised at Miller Tabak following recent checks that suggest upside to 2015 same-store sales guidance.
Commodities
Sector Performance
The SPX (-2.2%) outperformed the XLY (-2.4%) last week. Both casual dining and quick service stocks, in aggregate, outperformed the SPX.
Quantitative Setup
From a quantitative perspective, the XLY remains bullish on an intermediate-term TREND duration.
Casual Dining Restaurants
Quick Service Restaurants
