NEW YORK, October 17, 2016 /PRNewswire/ --
Stock-Callers.com this morning reviews the recent performances of these four Restaurants: Darden Restaurants Inc. (NYSE: DRI), Texas Roadhouse Inc. (NASDAQ: TXRH), Restaurant Brands International Inc. (NYSE: QSR), and Ruby Tuesday Inc. (NYSE: RT). According to data reported by TDn2K through The Restaurant Industry Snapshot, same-store sales growth for September fell 1.1% - a drop of 0.5% from August, and the fourth consecutive month of decline. Learn more about these stocks by downloading their free report at:
Last Friday, shares in Orlando, Florida headquartered Darden Restaurants Inc. ended the session 0.08% higher at $62.23. The stock recorded a trading volume of 861,549 shares. The Company's shares have advanced 1.09% in the last month, 0.79% in the previous three months, and 1.14% since the start of this year. The stock is trading 1.15% above its 50-day moving average. Moreover, shares of Darden Restaurants, which through its subsidiaries, owns and operates full-service restaurants in the US and Canada, have a Relative Strength Index (RSI) of 54.29.
On October 3rd, 2016, research firm Stifel reiterated its 'Sell' rating on the Company's stock with a decrease of the target price from $53 a share to $50 a share.
On October 04th, 2016, Darden Restaurants reported total sales from continuing operations increase of 1.6% to $1.71 billion for Q1 FY17. The company's diluted net earnings per share from continuing operations increased 39.7% to $0.88 and increased 29.4% from last year's adjusted diluted net earnings per share. Darden Restaurants increased its outlook for diluted net earnings per share to $3.87 to $3.97 from $3.80 to $3.90 for FY17.The free research report on DRI is available at:
Louisville, Kentucky-based Texas Roadhouse Inc.'s stock climbed 0.86%, to close the day at $38.54 with a total trading volume of 798,083 shares. The Company's shares have advanced 9.17% since the start of this year. The stock is trading 8.41% below its 200-day moving average. Additionally, shares of Texas Roadhouse, which together with its subsidiaries, operates full-service casual dining restaurants in the US and internationally, have an RSI of 30.87.
On September 29th, 2016, research firm KeyBanc Capital Markets downgraded the Company's stock rating from 'Overweight' to 'Sector Weight'.
On September 30th, 2016, Texas Roadhouse announced that it will release Q3 2016 financial results on November 1st, 2016, after the market close. A conference call will follow at 5:00 PM ET and will be webcast live from the investor relations portion of its website. The complimentary report on TXRH can be downloaded at:
Restaurant Brands Intl.
Shares in Oakville, Canada headquartered Restaurant Brands International Inc. recorded a trading volume of 1.11 million shares at the close of the last trading session, which was above their three months average volume of 823,520 shares. The stock ended the day 0.94% higher at $43.97. The Company's shares have advanced 1.61% in the previous three months and 19.00% on an YTD basis. The stock is trading above its 200-day moving average by 8.57%. Furthermore, shares of Restaurant Brands International, which owns and operates quick service restaurants under the Burger King and Tim Hortons brand names, have an RSI of 42.08.
On September 26th, 2016, research firm Longbow downgraded the Company's stock rating from 'Neutral' to 'Underperform'.
On October 11th, 2016, BURGER KING announced that its restaurants are introducing the BACON KING™ sandwich. This new permanent menu item is available at participating BURGER KING® restaurants nationwide at a recommended price of $5.99 for the sandwich and $7.99 as a small meal. Visit us today and download our complete research report on QSR for free at:
Maryville, Tennessee-based Ruby Tuesday Inc.'s shares finished Friday's session 11.31% higher at $3.15. A total volume of 2.30 million shares was traded, which was above their three months average volume of 718,830 shares. The stock has advanced 16.67% in the last one month. The Company's shares are trading above their 50-day moving average by 5.58%. Furthermore, shares of Ruby Tuesday, which together with its subsidiaries, engages in the ownership, development, operation, and franchise of casual dining restaurants in the US and internationally, have an RSI of 65.93.
On October 06th, 2016, Ruby Tuesday reported that total revenue declined 8.2% to $256.7 million in Q1 FY17, which included a net reduction of 109 company-owned Ruby Tuesday restaurants compared to Q1 FY16. Same-restaurant sales declined 2.7% following a 0.6% increase in Q1 FY16. The company's net loss in Q1 FY17 was $39.7 million, or ($0.66) per diluted share, compared to a net loss of $4.2 million, or ($0.07) per diluted share in Q1 FY16. Ruby Tuesday's restaurant level margin declined 200 basis points to 13.9%. Get free access to your technical report on RT at:
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