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Monday Mashup

Monday Mashup - CHART 1 

RECENT NOTES

7/16/15 JUST CHARTS| BWLD | SHORT

7/15/15 June Restaurant Sales and Employment Trends

7/15/15 YUM | Delivered a Mixed Bag of Results

7/12/15 JUST CHARTS | YUM

7/10/15 DFRG | COVERING THE SHORT

RECENT NEWS FLOW


Friday, July 17

DPZ | Downgraded to sector weight from overweight at KeyBanc, citing valuation as a reason.

Thursday, July 16

MCD | Survey: McDonald’s operators report weakening finances. This survey only includes 29 franchisees representing 208 restaurants, so it is not representative of the broader population of franchisees. (Click here for article)

SBUX | Management says they will open 15 new locations in low income and predominantly minority neighborhoods. (Click here for article)

DPZ | Announced retirement of CFO Michael Lawton and promotion of Jeffrey Lawrence to EVP and CFO. (Click here for article)

Wednesday, July 15

CMG | Will launch their new game “Friend or Faux,” on July 21, that compares its ingredients to its competitors in the limited-service segment. (Click here for article)

Tuesday, July 14

PNRA | Upgraded to overweight from underweight at Piper Jaffray, price target is $200.

YUM | Reported 2Q15 EPS of $0.69 beating consensus estimates of $0.64. YUM remains on the Hedgeye Restaurants Best Ideas list as a LONG. (Click here for article)

BWLD | BWLD upgraded to outperform from market perform at Raymond James, price target is $195. BWLD is a new edition to the Hedgeye Restaurants Best Ideas as a SHORT. Please refer to our Just Charts analysis here for more of an explanation.

SBUX | Expanding to South Africa in 2016. (Click here for article)

SECTOR PERFORMANCE

Casual dining and quick service stocks, in aggregate, underperformed the XLY last week. The XLY was up 1.91%, only BWLD beat it, out of the casual dining stocks that we follow, rising 1.93% last week.

Monday Mashup - CHART 2

Monday Mashup - CHART 3

QUANTITATIVE SETUP

From a quantitative perspective, the XLY remains bullish on a TRADE and TREND duration.

 Monday Mashup - CHART 4

CASUAL DINING RESTAURANTS

Monday Mashup - CHART 5

Monday Mashup - CHART 6

QUICK SERVICE RESTAURANTS

Monday Mashup - CHART 7

Monday Mashup - CHART 8