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Monday Mashup - CHART 1

RECENT NOTES

8/7/15 BOJA | BO’S DILEMMA

8/6/15 MCD | GETTING MORE BULLISH

8/6/15 WEN | Performing Well for Now

8/5/15 CHUY | COVERING THE SHORT

7/30/15 BLMN | ANOTHER BACK HALF MISS?

RECENT NEWS FLOW

Friday, August 7

NDLS | Downgraded to neutral from overweight at Piper Jaffray, target cut to $12 from $19

 

Thursday, August 6

MCD | Announced the cut of 225 jobs, as part of previously announced $300mm cost saving initiative. We expect to see more of these announcements come out over the coming months (click here for article)

MCD | Expanding table service to the UK market (click here for article)

WEN | Upgraded to overweight from neutral at JP Morgan, target is $12

Wednesday, August 5

WEN | Reported 2Q15 EPS of $0.08 versus consensus estimates of $0.09 (click here for press release)

 

Tuesday, August 4

BLMN | Reported 2Q15 results, posting EPS of $0.28 beating consensus of $0.27. (click here for press release)

CHUY | Reported 2Q15 results, reported EPS of $0.32 beating consensus of $0.25. (click here for press release)

 

Monday, August 3

JMBA | Entered into a 25 unit development agreement in Manhattan and Long Island markets (click here for article)

DPZ | Opened its 12,000th store in the world, in Oklahoma City (click here for article)

SECTOR PERFORMANCE

Casual dining and quick service stocks, averaged out to matching the XLY last week. The XLY was down -2.4%, top performers from casual dining were CHUY and DENN posting an increase of 14.9% and 8.0%, respectively, while TAST and SHAK led the quick service pack up 15.0% and 7.7%, respectively.

Monday Mashup - CHART 2

Monday Mashup - CHART 3

QUANTITATIVE SETUP

From a quantitative perspective, the XLY looks bearish from a TRADE perspective, but bullish in the 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