restaurant stocks posts
FeedPosted Mar 20th 2011 10:10AM by Joseph Lazzaro (RSS feed)
Filed under: Darden Restaurants (DRI), Stocks to Buy
Restaurant chain Darden Restaurants (DRI), first discussed here on June 25, 2009, at a price of $32.78, has formed a double-top near $51. So now would be a good time to consider taking some profits off the table, if you're in near $33.
However, those investors who can tolerate the risk can maintain their full position and go for an bigger gain, but investors should keep in mind that Darden probably won't clear $60 in 2011. The potential upside is still adequate, but not fantastic.
Continue reading Darden Restaurants: Time to Take Some Profits?
Posted Apr 21st 2010 10:50AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, McDonald's (MCD)
Fast-food giant McDonald's (MCD) announced that its first-quarter net income rose to $1.09 billion, or $1 dollar per share from 87 cents per share a year ago. The eatery's quarterly sales increased to $5.61 billion, topping the consensus estimate for sales of $5.53 billion. Global sales increased 4.2%, which was topped by a 12% rise in operating profit in the United States.
These solid results were once again driven by its McCafe beverages, the Breakfast Dollar Menu, and Chicken McNuggets. In Europe, quarterly profit growth increased 23% and the Asia-Pacific, Middle East and Africa unit logged 27% growth. McDonald's is one of the few companies that has capitalized on the global recession. The company's value menu has helped McDonald's weather the financial storm, as tight-walleted consumers turn to the Dollar Menu to fill their bellies.
Continue reading Value Menu Helps Boost McDonald's Earnings
Posted Apr 9th 2010 10:30AM by Steven Halpern (RSS feed)
Filed under: Newsletters, Chipotle Mexican Grill'A' (CMG), Stocks to Buy
"Chipotle Mexican Grill (CMG) a 'fast-casual' restaurant chain, was started by Steve Ells in Denver, Colorado, in 1993, and it quickly became a big success, expanding rapidly in the Denver area," says growth stock specialist Timothy Lutts.
The editor of Cabot Stock of the Month explains, "McDonald's began investing in the company in 1997 and became the controlling shareholder in 1999. Using its cash and expertise, McDonald's grew the company from 14 restaurants in 1998 to 480 at the end of 2005. Then in January 2006, McDonald's sold Chipotle to the public."
Continue reading Chipotle Mexican (CMG): Grilled Gains in 'Fast-Casual'
Posted Jun 21st 2009 11:00AM by Louis Navellier (RSS feed)
Filed under: Stocks to Buy
Like Darden, Landry's Restaurants (NYSE: LNY) is a large, diversified player in the casual dining segment.
One significant difference is its participation in the casino space with the Golden Nugget. The acquisition of Golden Nugget has not resulted in much benefit for the company as of yet. In fact, the deal increased LNY's debt level, which now stands near $1 billion.
LNY's stock dropped hard after trading for some time at the $30 level. At the bottom, one could buy shares at $3.60 per share.
Continue reading Restaurant stock #3: Landry's Restaurants (LNY)
Posted Jun 20th 2009 11:00AM by Louis Navellier (RSS feed)
Filed under: Stocks to Buy
Earlier this month, Bob Evans (NASDAQ: BOBE) rallied on the heels of a very positive earnings report. The company said its profits improved by 31% on a slight decline in sales and improved cost savings.
More importantly, the company provided guidance that was above Wall Street estimates. Like most retailers, BOBE is experiencing softness in its business, but not a complete collapse as many expected.
Continue reading Restaurant stock #1: Bob Evans (BOBE)
Posted Jun 20th 2009 9:00AM by Louis Navellier (RSS feed)
Filed under: Consumer Experience, Stocks to Buy
The current recession has touched all sectors. The rules of the game have been changed, and nobody is safe. The paradigm is shifting.
One of the consequences of the current state is a new-found appreciation for savings in the U.S. A consumer who does not spend is bad news for the retail sector, and it is bad news for an economy dependent on consumer spending.
The one glimmer of hope comes from the restaurant space. When it became clear that this recession would be long and deep, consumers clamped wallets shut. Dining out in this environment was an easy luxury to cut.
Continue reading Three restaurant stocks worth buying now
Posted Apr 24th 2009 3:00PM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, McDonald's (MCD), Agriculture, Stocks to Buy
This post is part of a seven article report -- Food for thought: Best bets in food & beverage stocks.
"Customers are trading down to McDonald's (NYSE: MCD) from higher-end restaurants," says growth stock expert Toby Smith in his ChangeWave Investing.
The fast food operator is also a buy from Bill Martin, who adds, the company continues to serve up solid results. In his BullMarket.com advisory, he reviews the stock's recent quarter.
First, Toby Smith explains, "Given the endless parade of depressing economic news, it's no wonder that most people have lost their appetite for food -- if not altogether, then at least for the finer dining.
"Our proprietary ChangeWave Alliance survey -- ongoing pols of thousands of individuals and investors in various industries and professions -- just 5% of respondents said they would spend more at restaurants, which is unchanged from the all-time low.
Continue reading McDonald's (MCD): Two bets on Big Mac
Posted Apr 24th 2009 10:30AM by Steven Halpern (RSS feed)
Filed under: Newsletters, ETF Investing, Agriculture, Stocks to Buy, Recession
In a difficult economic environment, it is often wise for investors to consider stocks in more defensive and relatively recession-resistant sectors. And one such area is food and beverage stocks.
As the long-standing market maxim goes, consumers can pull back on spending for vacations, remodeling, and new cars, but they still need to eat and drink.
In that light, I turned to nine leading newsletter advisors who serve up their current favorite ideas in the food and beverage sector:
Continue reading Food for thought: Best buys in food & beverage
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