|Bid||84.85 x 300|
|Ask||87.77 x 100|
|Day's Range||84.08 - 85.53|
|52 Week Range||79.30 - 113.00|
|PE Ratio (TTM)||23.02|
|Earnings Date||May 16, 2018|
|Forward Dividend & Yield||1.60 (1.90%)|
|1y Target Est||106.29|
Chipotle Mexican Grill, Inc. (NYSE:CMG) has seen some optimism lately. Chipotle stock has rallied 29% since early February. Of course, that optimism is relative: CMG stock had hit a five-year low before that rally.
Has McDonald’s Stock Price Bottomed Out? In 2018, analysts expect McDonald’s (MCD) to post revenue of $21.1 billion, which represents a fall of 7.7% from its revenue of $22.8 billion in 2017. As part of its optimizing strategy, McDonald’s has been refranchising its company-owned restaurants.
A challenging sales environment and higher cost of operations are limiting Jack in the Box's (JACK) growth prospects. Franchise business model, however, is likely to favor earnings growth.
Moody's Investors Service, ("Moody's") today assigned a B3 rating to Quidditch Acquisition, Inc.'s ("Quidditch") proposed $35 million senior secured revolving credit facility and $203 ...
Jack in the Box Inc. will participate in three upcoming investment conferences. The dates of the presentations are as follows:
As of February 23, 2018, Wendy’s (WEN) was trading at $16.88. Wendy’s announcement that it will expand its delivery service to more restaurants, image activate its old restaurants, and implement technological advancements such as mobile ordering seems to have compelled analysts to raise their target prices. After Wendy’s released its 4Q17 earnings, BMO increased its target price from $17 to $20, and Wells Fargo raised its target price from $16 to $18.
Due to the high visibility of Wendy’s (WEN) earnings, we have opted for the forward PE (price-to-earnings) multiple. A forward PE multiple is calculated by dividing a company’s current stock price with analysts’ EPS (earnings per share) estimates for the next four quarters. The initiatives taken by Wendy’s management to drive SSSG (same-store sales growth), including the expansion of its delivery service, image activation, digital innovations, and the introduction of new menu items, appear to have led to a rise in WEN stock and a higher valuation multiple.
In 4Q17, Wendy’s (WEN) posted revenue of $309.3 million, which represents a fall of 0.2% from $309.9 million in 4Q16. Wendy’s failed to meet analysts’ revenue estimates due to lower-than-expected SSSG (same-store sales growth), which we’ll look at in the next part of this series. In 4Q17, Wendy’s company-owned restaurants posted revenue of $154.9 million, which represents a fall of 10.8% from $173.6 million in 4Q16.
With Shake Shack (SHAK) still in the growth phase of its business life cycle, we’ll use the forward-EV-to-sales multiple. The forward-EV-to-sales multiple is calculated by dividing the company’s current enterprise value from analysts’ earnings estimate for the next four quarters. The lower-than-expected sales guidance provided by Shake Shack’s management for 2018, as well as fear of cannibalization from newly opened restaurants, appear to have concerned investors regarding its future earnings.
Jack in the Box's (JACK) re-franchising strategies favor first-quarter fiscal 2018 earnings, while decline in system comps somewhat hurts the top line.
U.S. equities took a step back Wednesday as treasury bonds were hit hard, pushing the 10-year yield to 2.94%. The S&P 500 Index lost 0.6%, the Dow Jones Industrial Average gave back 0.7% and the Nasdaq Composite slid 0.2%.