Monday Mashup

Monday Mashup - 1


Recent Notes

05/04/15 Monday Mashup

05/04/15 MCD: Investors Left Playing the Waiting Game

05/05/15 CHUY: Pulling a Rabbit out of a Hat

05/05/15 NDLS: Earnings Disaster

05/06/15 WEN: Making All the Right Moves

05/08/15 Restaurant Sales, Employment, Etc (April > March)

Events This Week

Tuesday, May 12

  • ARCO earnings call 10:00am EST
  • DNKN Annual General Meeting 10:00am EST
  • JMBA Annual General Meeting

Wednesday, May 13

  • SHAK earnings call 5:00pm EST
  • DFRG Annual General Meeting 10:00am EST
  • CMG Annual General Meeting
  • YUM Investor Conference (China Day 1)

Thursday, May 14

  • JACK earnings call 11:30am EST
  • COSI earnings call 5:00pm EST
  • LOCO earnings call 5:00pm EST
  • PBPB Annual General Meeting
  • YUM Investor Conference (China Day 2)


Recent News Flow

Monday, May 4

  • BOBE price target was decreased to $68 from $75 at APB Financial due to slower than anticipated cost cutting and continued operational weakness.

Wednesday, May 6

  • WEN announced its intention to refinance its existing credit agreement through a securitization.  The company will use some of the net proceeds of the facility (~$1.1 billion) to return cash to shareholders.
  • WING Wingstop filed for an $86.3 million IPO through Morgan Stanley, Jefferies and Baird.

Thursday, May 7

  • KKD entered an agreement to open 12 shops in Guatemala over the next four years.

Friday, May 8

  • MCD reported April global comps of -0.6% vs the consensus estimate of -1.9%.  The US, Europe, and APMEA regions all outperformed consensus expectations.


Sector Performance

The XLY (+0.33%) slightly underperformed the SPX (+0.37%) last week.  Casual dining stocks, in aggregate, undperformed the XLY, while quick service stocks outperformed.

Monday Mashup - 3

Monday Mashup - 4


Quantitative Setup

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

Monday Mashup - 5


Casual Dining Restaurants

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Monday Mashup - 7


Quick Service Restaurants

Monday Mashup - 8

Monday Mashup - 9

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