184.01 0.00 (0.00%)
After hours: 4:31PM EST
|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||183.32 - 184.92|
|52 Week Range||146.84 - 187.42|
|Beta (3Y Monthly)||0.19|
|PE Ratio (TTM)||27.00|
|Forward Dividend & Yield||4.64 (2.50%)|
|1y Target Est||N/A|
While the rest of the stock market is faltering, restaurant stocks have managed to stay impressively resilient. The S&P 500 dropped meaningfully in October, and currently sits more than 5% off its trailing three-month high. But, the Invesco Dynamic Food & Beverage ETF (OTCMKTS:PBJ) currently sits right around trailing three-month highs, while many individual restaurant stocks are making fresh new all time highs.
The recent volatility in the markets has been fairly rough on many stocks. But not Starbucks (NASDAQ:SBUX). It’s as if the company is in another universe! Since early October, SBUX stock has gone from $57 to $68.
Can McDonald’s Maintain Its Upward Momentum? For the next four quarters, analysts expect McDonald’s (MCD) to post adjusted EPS of $8.01, which represents growth of 5.5% from $7.59 in the corresponding four quarters of the previous year. The expansion of net margins and share repurchases are expected to drive the company’s EPS, while the decline in revenue could partially offset some of the growth in EPS.
Can McDonald’s Maintain Its Upward Momentum? For the next four quarters, analysts are expecting McDonald’s (MCD) to post revenue of $20.75 billion, which represents a fall of 2.1% from $21.20 billion in the corresponding four quarters of the previous year. Strategic refranchising of company-owned restaurants is expected to lower the company’s revenue in the next four quarters.
As of November 12, McDonald’s (MCD) was trading at $184.37, which is an increase of 10.6% since the announcement of its third-quarter earnings on October 23. For the quarter ended on September 30, McDonald’s posted adjusted EPS of $2.10 on revenues of $5.37 billion, outperforming analysts’ EPS expectations of $1.99 and revenue expectation of $5.32 billion.
Tech stocks were sharply lower in morning trade Monday. Apple stock sold off nearly 4% after its supplier cut its profit and revenue outlook.
McDonald's (MCD) increased focus on delivery and accelerated deployment of Experience of the Future restaurants in the United States should boost its performance.
With the relationship between the United States and Russia fraying, how does McDonald's Corp. avoid potential tussles? Reuters reported that a plant south of Moscow is now providing the fries to 651 Russian McDonald's outlets. Going local could keep possibly McDonald's above the political fray widening between the United States and Russia.
McDonald’s (NYSE:MCD) has seen its stock surge to record highs. MCD stock has rocketed higher since its Oct. 23 earnings announcement. The earnings and revenue beat started an uptrend that has taken McDonald’s stock higher by over 10% within a two-week period.
MOSCOW—McDonald’s Corp. became a leading ambassador of American culture after opening its first restaurant here in the twilight of the Soviet Union. Earlier this year, the company boosted the share of Russian suppliers its restaurants use to 98%, and it has embarked on a marketing campaign to drive home the point that in Russia McDonald’s doesn’t have to be an American company. “People are only now starting to understand: We’re one of the most Russian companies there is,” Moscow-based McDonald’s spokeswoman Elena Chilingaryan said.
As of November 6, of the 33 analysts that cover Chipotle Mexican Grill (CMG), 39.4% favor a “buy,” 45.5% favor a “hold,” and 15.2% favor a “sell.” On average, analysts have set a target price of $467.96, which represents a potential downside of 1.3%.
How Much Upside Is Left in Chipotle’s Stock Price? In the last quarter, Chipotle Mexican Grill (CMG) posted an adjusted EPS of $2.16, which represents 62.4% growth from $1.33 in the same quarter of the previous year. In the following graph, you can see that Chipotle has outperformed analysts’ expectations in four of the last five quarters.
How Much Upside Is Left in Chipotle’s Stock Price? For the next four quarters, analysts expect Chipotle Mexican Grill (CMG) to post revenues of $5.10 billion, which represents 7.5% growth from $4.75 billion in the same four quarters of the previous year. The revenue growth will likely be driven by adding new restaurants and positive SSSG (same-store sales growth).
With a market capitalization of $140.69 billion, McDonald's is one of the world's largest and most recognized food franchises. McDonald's Experience of the Future initiative, which includes implementing self-ordering kiosks and adding delivery options, such as partnering with Uber Eats, aims to position the company for sustainable long-term sales growth. As of Nov. 7, 2018, McDonald's stock has a year-to-date (YTD) return of 6.57% and offers a 2.57% dividend yield.
In the last quarter, which ended on September 30, Chipotle posted an adjusted EPS of $2.16 and outperformed analysts’ expectation of $2.00. The company’s revenues of $1.23 billion were in line with analysts’ expectation. However, Chipotle’s SSSG (same-store sales growth) of 4.4% was lower than analysts’ expectation of 5.0%. The company posted an SSSG in the mid-single digits in July and August. The company’s SSSG declined to the low-single digits in September.
Wendy's Co on Tuesday reported quarterly sales at established outlets in North America below analyst estimates and lowered its same-store sales forecast for the year, as the burger chain struggles to lure customers in a fiercely competitive U.S. fast-food industry. Wendy's, much like its peers, has had to offer cheaper items with added promotions to get people to buy more products. Wendy's has launched a slew of promotions including "4 for $4", discounted Baconator Fries and a 50-cent Frosty dessert that compete with bundled meals offered by McDonald's $1, $2, $3 menu and Taco Bell's dollar menu.
Papa John's reported disappointing third-quarter earnings and revenue, but sales in North America were slightly better than anticipated by Wall Street.