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Deutsche Bank's Restaurant PT Changes 7/19
Tuesday, July 19, 2011 - 5:55am | 108Deutsche Bank has changed the following restaurant price targets: Chipotle Mexican Grill, Inc. (NYSE: CMG) (Hold, PT from $270 to $300), McDonald's (NYSE: MCD) (Buy, PT from $89 to $98), Panera Bread Co (NASDAQ: PNRA) (Buy, PT from $140 to $150), Ruth's Hospitality Grp (NASDAQ: RUTH) (Buy, PT...
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Earnings Scheduled For July 19
Tuesday, July 19, 2011 - 3:20am | 474Harley-Davidson Inc (NYSE: HOG) is projected to report its Q2 EPS at $0.71 on revenue of $1.26 billion. Yahoo! Inc (NASDAQ: YHOO) is projected to report its Q2 earnings at $0.18 per share on revenue of $1.11 billion. Bank of America Corporation (NYSE: BAC) is expected to post a Q2 loss at $0.90...
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Mad Money Lightning Round: Cramer Likes MarkWest Energy Partners
Tuesday, July 19, 2011 - 2:42am | 286On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Sonic Automotive (NYSE: SAH) is a “great buy.” He added, “AutoZone (NYSE: AZO) has been great, Carmax (NYSE: KMX) has been great and Sonic Automotive is good, too. I think they're fabulous investments." For TIBCO Software (...
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Puts Purchased on Brinker International
Monday, July 18, 2011 - 11:40am | 106Shares of Brinker International (NYSE: EAT) are lower on the session by 1.49%, currently trading at $25.15. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while...
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Sterne Agee Maintains Buy Rating On The Cheesecake Factory
Monday, July 18, 2011 - 8:42am | 73According to Sterne Agee, the Cheesecake Factory (NASDAQ: CAKE) Buy rating is maintained. Sterne Agee said that its revenue estimate is $435.8 million, which assumes a blended SSS estimate of +2.5% (lapping +1.6% in 2Q10). “CAKE is scheduled to release 2Q11 earnings results at after the market...
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Piper Jaffray Reiterates Overweight on Sonic
Monday, July 18, 2011 - 7:28am | 140Piper Jaffray is out with its report today on Sonic (NASDAQ: SONC), reiterating Overweight. In a note to clients, Piper Jaffray writes, "We are incrementally confident in our turnaround thesis and, more specifically, in our fiscal 4Q11 same-store sales estimate of +2.0% (at company-owned units)....
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Hot stock picks for next week
Friday, July 15, 2011 - 6:21pm | 2029( click to enlarge ) Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is forming a cup and handle pattern on the daily chart, indicating a break higher possible. RRGB may still drift down further and that remains the risk here. At this point, the stock needs to show a sign of strength above the...
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Buon Weekend! 07-15-2011
Friday, July 15, 2011 - 5:48pm | 961Cusick's Corner Overall the data and news were not so great today but corporate headlines supported this market. To keep track of this earnings cycle, go to the optionsXpress Research tab and click on the Earnings Calendar to get the listings of stocks coming out with earnings each day next week...
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Tilman J. Fertitta Terminates Tender Offer for McCormick & Schmick's in Order to Participate in Sale Process
Friday, July 15, 2011 - 4:07pm | 118Tilman J. Fertitta announced today that he is terminating, effective immediately, his previously announced tender offer to acquire, through his affiliate LSRI Holdings, Inc., a subsidiary of Landry's, Inc. all of the issued and outstanding shares of common stock of McCormick & Schmick's Seafood...
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Puts Purchased on Brinker International
Friday, July 15, 2011 - 11:08am | 106Shares of Brinker International (NYSE: EAT) are lower on the session by 0.24%, currently trading at $25.43. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while...
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UPDATE: Morgan Keegan Raises PT on Buffalo Wild Wings to $78
Friday, July 15, 2011 - 9:50am | 108Morgan Keegan is out with its report today on Buffalo Wild Wings (NASDAQ: BWLD), raising its PT from $70 to $78. In a note to clients, Morgan Keegan writes, "Our price target of $78 is based on 24x our 2012 EPS projection (~9x our 2012 EV/EBITDA). We believe BWLD warrants a premium to its peer...
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Morgan Keegan Raises PT on Buffalo Wild Wings To $78
Friday, July 15, 2011 - 9:21am | 28Morgan Keegan has raised the price target on Buffalo Wild Wings (NASDAQ: BWLD) from $70 to $78 and maintains its Outperform rating.
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Credit Suisse Updates 7/15/11
Friday, July 15, 2011 - 7:36am | 869Credit Suisse made a number of updates in a research report published today. Freeport-McMoRan Copper & Gold (NYSE: FCX) had its rating assumed with an Outperform rating and a price target of $75. On Thursday, FCX lost 1.17% of its value to end the day at $54.25. Its shares continued to slide...
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Cracker Barrel Announces Reduction of Management and Staff Positions; Expects Related Charges of $0.14-0.17 per Share
Friday, July 15, 2011 - 7:05am | 126Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) announced today that a cost reduction and organization streamlining initiative has resulted in the elimination of approximately 60 management and staff positions. Most of the employees affected by the layoff worked in the Company's home office...
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Fast Money Picks For July 15th (QCOM, DELL, MCD, CROX, VCLK, YHOO)
Thursday, July 14, 2011 - 7:46pm | 250On CNBC's Fast Money, Stephen Weiss said that he wants to buy QUALCOMM, Inc. (NASDAQ: QCOM) on Friday. QUALCOMM, Inc. (QCOM) fell 2.09%, and closed at $54.92. Mike Khouw thinks that you should take a short position in Dell Inc. (NASDAQ: DELL) tomorrow. Dell Inc. (DELL) gained 0.97%, and closed at...