|Bid||158.14 x 900|
|Ask||159.00 x 1100|
|Day's Range||156.56 - 159.82|
|52 Week Range||146.84 - 178.70|
|PE Ratio (TTM)||23.20|
|Forward Dividend & Yield||4.04 (2.51%)|
|1y Target Est||N/A|
Here's the latest for Wednesday, Sept. 12: Millions brace for a catastrophic Hurricane Florence; US officials call teen vaping an 'epidemic;' McDonald's workers vote to strike over sex harassment; Miss America 2019 visits the Empire State building.
Striking McDonald’s Corp. workers in the union-backed “Fight For $15” movement are demanding that the company stop seeking advice on sexual harassment policy from a law firm that’s currently defending the Weinstein Co. “Fight For $15,” an initiative by the Service Employees International Union to raise pay and unionize the fast food industry, plans to mount a day-long strike Tuesday against McDonald’s to raise awareness of alleged sexual harassment at some of its stores.
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. PayPal PYPL : "Here's the thing that you need to know: this stock has now dropped 5 straight points.
On Monday, the stock dropped below the 50-day moving average amid concerns from investment bank Stifel that McDonald's store remodels will continue to weigh on U.S. sales through early 2019. McDonald's investors haven't had many bullish items to chew on this year, so Stifel's note isn't anything new in and of itself.
Labor is the most pressing issue facing restaurant chains, according to industry executives who appeared recently at a (JPM) forum. Executives from (BLMN) owner Bloomin Brands (ticker: BLMN), Chili’s’s operator Brinker International (EAT), Domino’s Pizza (DPZ), (MCD) (MCD), and (CAKE) (CAKE) spoke at the event last week. JPMorgan analysts noted several shared themes in a Monday note.
Some of the companies with shares expected to trade actively in Monday’s session include Amazon.com, Boeing, McDonald’s, DowDuPont, and more.
In March, McDonald's turned its golden arches upside-down for International Women's Day. According to the National Women's Law Center , a 15-year-old cashier in St. Louis alleges that an older male employee said "You have a nice body. Workers feel that not enough has been done to address issues like these since the claims were filed.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
Fast food burger chains thrive in markets in most of the world. But not in Vietnam. Today, McDonald's has only 17 stores and Burger King only 13 across the Southeast Asian countries.
Wendy's is giving away Dave's Singles to app users this month, and McDonald's is practically giving away most of its sandwiches to app users. There's a method to the app-ness.
On Tuesday, Yum China (NYSE:YUMC) became one of the markets’ worst performers, with its shares sinking more than 13%. Since its January opener, Yum China stock has given up more than 18% in equity value. As InvestorPlace writer Karl Utermohlen reported, a company that previously expressed interest in buying out YUMC stock apparently reneged on the idea.
NEW YORK (AP) — Emboldened by the #MeToo movement, McDonald's workers have voted to stage a one-day strike next week at restaurants in 10 cities in hopes of pressuring management to take stronger steps against on-the-job sexual harassment.
THE HAGUE, Netherlands (AP) — McDonald's customers in the Netherlands will soon be able to buy fast food for their electric cars as well as themselves.
After a difficult 2018, investors may consider adding Starbucks (NASDAQ:SBUX) stock to their portfolio for the rest of the year. There are several long strategies in Starbucks stock that could lead to impressive profits. The current dividend yield in Starbucks stock is over 2.5%.
Cracker Barrel's (CBRL) top line in fourth-quarter fiscal 2018 is likely to be driven by robust performance of both the restaurant and retail divisions.
Moody's Investors Service ("Moody's") assigned first-time ratings for Restaurant Technologies, Inc., including a B2 Corporate Family Rating (CFR), a B2-PD Probability of Default Rating (PDR), and a B1 rating to each of the company's proposed first-lien credit facilities, including a $60 million 5-year revolver and a $375 million 7-year first-lien term loan. In addition, Moody's assigned a Caa1 rating to the company's proposed $125 million 8-year second-lien term loan. "The B2 CFR largely reflects Restaurant Technologies' relatively small size, high financial leverage in connection with the LBO of the company, and our expectation for limited free cash flow generation over the next 12-18 months owing largely to the company's high interest expense burden and substantial upfront capital expenditures related to new customer installations " according to Brian Silver, Moody's Vice President and lead analyst for the company.
Has Shake Shack’s Stock Price Bottomed Out? Of the 11 analysts that follow Shake Shack (SHAK), 27.3% have given it “buy” recommendations as of September 10, 45.5% have given it “hold” recommendations, and 27.3% have given it “sell” recommendations. On the same day, analysts set an average price target of $54.22 on SHAK, which represents a fall of 7.4% from its current stock price of $58.55.
Has Shake Shack’s Stock Price Bottomed Out? For the next four quarters, analysts expect Shake Shack (SHAK) to post EPS of $0.60, representing a fall of 15.5% from $0.71 in the corresponding four quarters of the previous year. Analysts expect the contraction in the company’s EBIT margin to offset the positive effects of its revenue growth.
Has Shake Shack’s Stock Price Bottomed Out? For the next four quarters, analysts expect Shake Shack (SHAK) to post revenue of $515.9 million, which represents a rise of 27.0% from its revenue of $406.1 million in the corresponding four quarters of the previous year. This revenue growth will likely be driven by the addition of new restaurants and positive SSSG (same-store sales growth).
In the second quarter, which ended on June 27, Shake Shack posted adjusted EPS of $0.29 on revenue of $116.3 million, outperforming analysts’ EPS and revenue expectations. The company’s SSSG (same-store sales growth) was in line with analysts’ expectations. Despite its impressive second-quarter earnings, Shake Shack didn’t raise its revenue guidance for 2018, citing a delay in the opening of its new restaurants. Investors had been expecting the company’s management to increase its 2018 guidance.
Can We Expect Upward Momentum in McDonald’s Stock Price? As of the same day, analysts have an average price target of $183.46 on the stock, which represents a return potential of 11.9% from its current price of $163.90. Since the announcement of McDonald’s second-quarter earnings on July 26, Cowen and Company, Jefferies, SunTrust Robinson, Telsey Advisory Group, Canaccord Genuity, and Citigroup have all cut their price targets on its stock.
Chick-fil-A and Subway may be private, but they offer important lessons for publicly held restaurant companies, according to Bernstein analysts.
Can We Expect Upward Momentum in McDonald’s Stock Price? For our analysis of McDonald’s (MCD) valuation, we’ve considered its forward PE multiple due to the high visibility in its future earnings. The forward PE multiple is determined by dividing a company’s stock price by analysts’ earnings estimates for it over the next four quarters.