Monday Mashup

Monday Mashup - 1


Recent Notes

04/06/15 Monday Mashup

04/08/15 REPLAY | ZOES: Standing Out from the Crowd

04/09/15 Casual Dining Continues to Cool

04/09/15 MCD: Boom, Like That

04/10/15 Sales and Traffic Downtrend Continues in March


Events This Week

  • None


Recent News Flow

Monday, April 6

  • COSI announced the completion of Hearthstone merger.
  • PLKI announced the retirement of board member Victor Arias, Jr.
  • BOJA chicken chain Bojangles filed for a $100mm IPO through Bank of America Merrill Lynch, Wells Fargo, and Jefferies.

Tuesday, April 7

  • WEN was resumed neutral at Goldman Sachs with a $10.50 PT.
  • ZOES appointed Cordia Harrington (CEO of Tennessee Bun Company) and Alex Taylor (former Chairman and CEO of FGX International) to its board of directors.  They will take the place of directors William Barnum, Jr. and Anthony Choe (both affiliated with Brentwood Associates) who agreed to resign from the board on April 6.

Thursday, April 9

  • SONC announced CFO Stephen C. Vaughan was promoted to the Company’s Executive VP of Franchise Operations, Finance and Planning.  Claudia S. San Pedro was promoted to Senior VP, CFO and Treasurer.



Monday Mashup - 2


Sector Performance

The SPX (+1.7%) outperformed the XLY (+1.3%). Casual dining stocks underperformed the XLY, as quick service stocks outperformed.

Monday Mashup - 3

Monday Mashup - 4


Casual Dining Restaurants

Monday Mashup - 6

Monday Mashup - 7


Quick Service Restaurants

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Monday Mashup - 9

Cartoon of the Day: Acrophobia

"Most people who are making a ton of money right now are focused on growth companies seeing accelerations," Hedgeye CEO Keith McCullough wrote in today's Early Look. "That’s what happens in Quad 1."

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People's Bank of China Spins China’s Bad-Loan Data

PBoC Deputy Governor Yi says China's non-performing loan problem has “pretty much stabilized." "Yi is spinning. China’s bad-debt problem remains serious," write Benn Steil and Emma Smith, Council on Foreign Relations.

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UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

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Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)

"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.

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Todd Jordan on Las Vegas Sands Earnings

"The quarter actually beat lowered expectations. Overall, the mass segment performed well although base mass lagging is a concern," writes Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan on Las Vegas Sands.

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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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Got Process? Zero Hedge Sells Fear, Not Truth

Fear sells. Always has. Look no further than Zero Hedge.

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REPLAY: Review of $EXAS Earnings Call (A Hedgeye Best Idea Long)

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

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Capital Brief: 5 Things to Watch Right Now In Washington

Here's a quick look at some key issues investors should keep an eye on from Hedgeye's JT Taylor and our team of Washington Policy analysts in D.C.

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Premium insight

[UNLOCKED] Today's Daily Trading Ranges

“If I could only have one thing of the many things we have it would be my daily ranges." Hedgeye CEO Keith McCullough said recently.

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We'll Say It Again: Leave Your Politics Out of Your Portfolio

If your politics dictates your portfolio positioning, the Democrats and #NeverTrump crowd out there have had a hell of a week.

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Cartoon of the Day: 'Biggest Tax Cut Ever'

President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.

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