How These Restaurants Stocks are Faring? -- Bloomin' Brands, Dave & Buster's Entertainment, Zoe's Kitchen, and Jack in the Box
NEW YORK, November 9, 2016 /PRNewswire/ --
Moody's has slashed its operating profit growth forecast for the Restaurant segment to 2% to 4% in the next 12 to 18 months, down from a previous forecast of 5% to 6% on the back of decreased consumer spending, higher operating costs, and weak traffic. The ratings agency also revised its industry outlook to stable from positive. Ahead of today's trading session, Stock-Callers.com draws investors' attention back to four equities, namely: Bloomin' Brands Inc. (NASDAQ: BLMN), Dave & Buster's Entertainment Inc. (NASDAQ: PLAY), Zoe's Kitchen Inc. (NYSE: ZOES), and Jack in the Box Inc. (NASDAQ: JACK). Register now and get full and free access to our downloadable research reports on these stocks at:
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Bloomin' Brands
Tampa, Florida headquartered Bloomin' Brands Inc.'s stock finished Tuesday's session 0.75% higher at $17.35. A total volume of 1.25 million shares was traded, which was above their three months average volume of 1.10 million shares. The Company's shares have advanced 0.75% in the past month and 3.93% on an YTD basis. The stock is trading below its 50-day moving average by 2.37%. Furthermore, shares of Bloomin' Brands, which through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the US, have a Relative Strength Index (RSI) of 50.70.
On October 28th, 2016, Bloomin' Brands reported Q3 2016 GAAP diluted earnings per share of $0.70 to $0.75 and adjusted diluted earnings per share of $1.30 to $1.35. The company reported that combined U.S. comparable restaurant sales were down 0.7% in Q3 2016 and repurchased 7.1 million shares of common stock for a total of $135 million. Access our complete research report on BLMN for free at:
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Dave & Buster's Entertainment
On Tuesday, shares in Dallas, Texas-based Dave & Buster's Entertainment Inc. ended the session at $41.42, up 0.22%. The stock recorded a trading volume of 555,939 shares. The Company's shares have gained 3.50% in the last one month. The stock is trading 0.48% above its 50-day moving average and 1.01% above its 200-day moving average. Moreover, shares of Dave & Buster's Entertainment, which owns and operates venues that combine dining and entertainment in North America for adults and families, have an RSI of 54.38.
On October 12th, 2016, research firm Wells Fargo initiated an 'Outperform' rating on the Company's stock.
As per notes filed with the SEC on October 19th, 2016, consistent with the recommendation of the company's Board of Directors and the vote of its stockholders at the 2016 Annual Meeting, Dave & Buster's is confirming that it will include an annual say-on-pay vote on the compensation of its named executive officers in its proxy materials until the next required stockholder vote on the frequency of say-on-pay votes. The complimentary research report on PLAY can be downloaded at:
http://stock-callers.com/registration/?symbol=PLAY
Zoe's Kitchen
Plano, Texas-based Zoe's Kitchen Inc.'s stock ended yesterday's session 0.73% lower at $21.73, with a total trading volume of 410,694 shares. The Company's shares have advanced 1.40% in the past month. The stock is trading 7.46% below its 50-day moving average. Additionally, shares of Zoe's Kitchen, which through its subsidiaries, develops and operates a chain of fast-casual restaurants, have an RSI of 42.83.
On October 12th, 2016, Zoe's Kitchen announced that it will host a conference call to discuss its Q3 2016 financial results on November 14th, 2016, at 4:30 PM ET. A press release with Q3 2016 financial results will be issued after the market close on the same day.
On November 07th, 2016, research firm Maxim Group reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $40 a share to $36 a share. Register for free on Stock-Callers.com and get access to the latest PDF format report on ZOES at:
http://stock-callers.com/registration/?symbol=ZOES
Jack in the Box
At the close on Tuesday, shares in San Diego, California-based Jack in the Box Inc. recorded a trading volume of 428,758 shares. The stock finished 1.07% lower at $95.93. The Company's shares have gained 26.49% on an YTD basis. The stock is trading above its 200-day moving average by 16.30%. Furthermore, shares of the company, which operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the US, have an RSI of 52.34.
On October 24th, 2016, research firm Goldman initiated a 'Sell' rating on the Company's stock, issuing a target price of $88 per share.
On October 25th, 2016, Jack in the Box® and DoorDash, the technology company connecting customers with the most local restaurants through door-to-door delivery, launched a delivery partnership in the San Francisco Bay Area that lets guests have Jack's entire menu of craveable food delivered directly to their doorsteps as late as 3 a.m. Download your free research report on JACK at:
http://stock-callers.com/registration/?symbol=JACK
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