9/7/16 CMG | THIS IS WHY I PLAY
8/23/16 ZOES | THE COLLAPSE WAS FAST
Casual Dining and Quick Service stocks that we follow outperformed the XLY last week. The XLY was down -2.8%; top performers on a relative basis from casual dining were BBRG and KONA posting performance of +10.8%, +8.6%, respectively, while CMG and WEN led the quick service group this week up +5.7% and +4.3%, respectively.
CASUAL DINING RESTAURANTS
QUICK SERVICE RESTAURANTS
ARTICLES OF INTEREST
In an effort to recover from years of financial losses, Cosi Inc. has hired The O’Connor Group to advise on financial and strategic matters.
Bill Ackman’s hedge fund has taken a 9.9% in the embattled chain, believing that the company is undervalued and still an attractive investment.
SUBWAY RESTAURANTS | BOLSTERS DIGITAL ASSETS
In an effort to build its digital presence, the Subway has acquired assets from Avanti Commerce, a Canadian e-commerce company. This purchase comes after Subway organized its digital technology under a single group called Subway Digital.
JIMMY JOHN’S | ROARK CAPITAL TAKES MAJORITY STAKE IN JIMMY JOHN’S
Private equity group, Roark Capital Group, has acquired a majority stake in Jimmy John’s Sandwiches, one of the nation’s fastest-growing chains.
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