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Zacks Analyst Blog Highlights: Buffalo Wild Wings Inc., Cosi Inc., Red Robin Gourmet Burgers Inc., Famous Dave’s of America Inc. and BJ’s Restaurants Inc. – Press Releases

Zacks Market Commentaries (October 29th, 2009) Writes:

For Immediate Release

Chicago, IL – October 29, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Buffalo Wild Wings Inc. (BWLD), Cosi Inc. (COSI), Red Robin Gourmet Burgers Inc. (RRGB), Famous Dave’s of America Inc. (DAVE) and BJ’s Restaurants Inc. (BJRI).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Wednesday’s AnalystBlog:

Buffalo Wild Wings Profit Soars

Buffalo Wild Wings Inc. (BWLD), best known for its chicken wings and sports bar, sustained its growth momentum in the third-quarter 2009 despite economic turmoil and lower consumer discretionary spending. The company reaffirmed its

...

Buffalo Wild Wings Profit Soars – Analyst Blog

Zacks Market Commentaries (October 28th, 2009) Writes:
Buffalo Wild Wings Inc. (BWLD), best known for its chicken wings and sports bar, sustained its growth momentum in the third-quarter 2009 despite economic turmoil and lower consumer discretionary spending. The company reaffirmed its growth target of 15% in units, 25% in revenue, and 20% to 25% in net earnings for fiscal year 2009, showing its resilience in a turbulent environment. Management expects net earnings to be at the high end of its forecast.  The company’s net profit surged 50.4% year-over-year to $6.9 million. As a result, EPS jumped 52% to 38 cents, in line with the Zacks Consensus Estimate. The double-digit rise in the top-line, menu price increases, new restaurant openings and operational efficiency drove earnings. Total revenue climbed 25.1% to $132.7 million. Sales at company-operated restaurant jumped 26% to $120.3 million, driven by comparable-store sales increase of 0.8% and 33 additional restaurants in ...

Buffalo Wild Wings Profit Soars – Analyst Blog

Zacks Market Commentaries (July 28th, 2009) Writes:
Buffalo Wild Wings (BWLD), best known for its chicken wings and sports bar, sustained its growth momentum in the second quarter of 2009, despite economic turmoil and rising unemployment, and affirmed its growth target of 15% in units, 25% in revenue, and 20% to 25% in net earnings, showing its resilience in a turbulent environment.     The company’s second quarter 2009 profit soared 24.2% year over year to $7.0 million. As a result, EPS jumped 25.8% to $0.39, surpassing street estimate by $0.05. Menu price increases, new restaurant openings and operational focus on product preparation drove the growth in EPS. The restaurant chain was able to increase its menu pricing when other restaurant operators were offering discounts to woo consumers during the recession. Total revenue climbed 32.4% to $129.6 million. Sales at company-operated restaurant surged 34.6% to $117.8 million driven by comparable sales increase of ...

Darden Has Value in Tough Sector – Analyst Blog

Zacks Market Commentaries (June 24th, 2009) Writes:
Darden Shares Hold Value in Overcooked Restaurant SectorThe latest financial results from Darden Restaurants (DRI), reported yesterday, bolster our belief that restaurant sector's recovery will be slower than investors expect.The best-of-breed casual dining operator once again reported same-restaurant sales out-performed the industry, but they deteriorated markedly in May at two of the company's three concepts, dropping 5% at both Olive Garden and Red Lobster, after rising 0% to 2% in March and April. Customer traffic plunged 8-10% at the two concepts. We suspect new promotions and discounting by competitors lured away Darden's core value-conscious clientele.For FY 4Q09 ended May 31, comps at both Olive Garden and Red Lobster dipped just 0.6%, but those of LongHorn Steakhouse fell 6.5%. Combined the restaurants same-store sales slid just 1.4%, far better than the 6.7% average ...

Restaurant Stocks: A Lot of Hot Air

Bullish Bankers (June 12th, 2009) Writes:

Out of the restaurant companies that I am covering, 3 of the names were on my radar screen late last year, with a formal recommendation of Chipotle’s “B” [[CMG-B]] shares at around $45 per share in my Top 5 Stocks for 2009 article.

I still feel strongly that this entire sector at the very best, is going to trade sideways for awhile, and at average to worse, is going to decline significantly for at least the next few weeks to months. Let’s get right into each name.

Chipotle Mexican Grill:

Insiders selling shares like there’s no tomorrow

Chipotle LogoChipotle Mexican Grill owns and operates 860 “fast-casual” Mexican restaurants and offers a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere.

Chipotle adheres to what

...

Zacks Analyst Blog Highlights: Buffalo Wild Wings, Bristol-Myers Squibb, Halliburton Co., Dendreon Corp. and Phase Forward Inc. – Press Releases

Zacks Market Commentaries (April 30th, 2009) Writes:
For Immediate Release

Chicago, IL - April 30, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Buffalo Wild Wings (BWLD), Bristol-Myers Squibb (BMY), Halliburton Co. (HAL), Dendreon Corp. (DNDN) and Phase Forward Inc. (PFWD).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Wednesday's Analyst Blog:

Buffalo Wild Wings' Hot Results

Cash-strapped consumers are cutting visits to most casual dining restaurants, but Buffalo Wild Wings (BWLD) has the formula to keep them coming back.

The restaurant best known for its chicken wings and sports bar reported that

...

Buffalo Wild Wings’ Hot Results – Analyst Blog

Zacks Market Commentaries (April 28th, 2009) Writes:
Highlights include Buffalo Wild Wings (BWLD), BJ's Restaurants Inc. (BJRI), Red Robin Gourmet Burgers, Inc. (RRGB), California Pizza Kitchen, Inc. (CPKI) and Famous Dave's of America (DAVE).Sports, Alcohol Prove Recession ResistantCash-strapped consumers are cutting visits to most casual dining restaurants, but Buffalo Wild Wings (BWLD) has the formula to keep them coming back.The restaurant best known for its chicken wings and sports bar reported that same-store sales surged 6.4% in 1Q09, fueling a 31% rise in EPS before impairment charges to $0.47, in line with both consensus and Zacks' estimates.A recession and 4% menu price hikes did not stop customers from frequenting Buffalo Wild Wings. We estimate customer traffic increased by roughly 2.4% year-over-year.Revenues soared 35% in 1Q09, fueled by 25% unit growth and 10% growth in average weekly sales. While most other casual ...

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