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Stock Market & Financial Investment News

News Breaks
December 17, 2012
11:21 EDTSBUX, BAGL, PNRA, CBOU, DNKNCoffee retailers rise after acquisition of Caribou Coffee
A number of retailers that specialize in selling coffee are advancing after Germany's Joh. A. Benckiser Group announced earlier today that it would acquire Caribou Coffee Company (CBOU) for $16 per share, or about $340M. The deal represents a premium of about 30% over Caribou's closing stock price on Friday. Caribou had about 581 coffeehouses, including 169 franchised locations, in the U.S. as of January 1, 2012, according to Reuters. In late morning trading, Starbucks (SBUX) climbed 1.80% to $54.32, Dunkin Brands (DNKN) increased 2.50% to $32.45, Einstein Noah (BAGL) gained 2.39% to $16.02 and Panera Bread (PNRA) rose 1.44% to $160.46.
News For CBOU;BAGL;DNKN;PNRA;SBUX From The Last 14 Days
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December 19, 2014
14:46 EDTDNKNDunkin' Brands falls for a second session, trades near lows
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December 18, 2014
09:21 EDTDNKNOn The Fly: Pre-market Movers
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07:09 EDTDNKNDunkin' Brands CEO says FY15 growth expectations below long-term targets
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07:06 EDTDNKNDunkin' Brands sees FY15 adjusted EPS $1.88-$1.91, consensus $2.02
Sees FY15 revenue growth 5%-7%, consensus $800.9M. Sees FY15 Dunkin' Donuts U.S. comparable store sales growth of 1 to 3 percent and Baskin-Robbins U.S. comparable store sales growth of 1%-3%. The company expects that Dunkin' Donuts U.S. will add between 410 and 440 net new restaurants and expects Baskin-Robbins U.S. will add between 5 and 10 net new restaurants. Internationally, the company is targeting opening 200 to 300 net new restaurants across the two brands. It expects net income of equity method investments to be approximately $13M. Globally, the company expects to open between 615 and 750 net new units.
07:03 EDTDNKNDunkin' Brands sees FY14 adjusted EPS $1.75-$1.76, consensus $1.76
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December 17, 2014
09:00 EDTSBUXEU expanding 'sweetheart' tax probe, WSJ reports
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December 8, 2014
07:52 EDTSBUXStarbucks price target raised to $97 from $88 at Jefferies
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06:47 EDTSBUXStarbucks coverage resumed with a Conviction Buy at Goldman
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06:44 EDTPNRAPanera Bread coverage resumed with a Sell at Goldman
Goldman resumed coverage on Panera with a Sell rating and $139 price target. The analyst said Panera is facing significant competition from more "food forward concepts."
06:42 EDTDNKNDunkin' Brands coverage resumed with a Neutral at Goldman
Target $47.
December 5, 2014
16:52 EDTSBUXDow just below 18K as market finishes week with gains
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12:13 EDTSBUXStarbucks hits 52-week high after analysts applaud five-year plan
Shares of Starbucks (SBUX) are climbing after a number of analysts were upbeat about the company's long-term guidance, which it announced yesterday. WHAT'S NEW: After Starbucks yesterday estimated that its revenue would approach $30B in fiscal 2019, up from $16B in fiscal 2014, research firm Piper Jaffray analyst Nicole Regan wrote in a note to investors today that the stock could more than double within four years. The depth and breadth of the plan that Starbucks unveiled yesterday in conjunction with its guidance is "particularly impressive," she contended. Regan was upbeat about the company's plans to double its U.S. food business, launch new technology initiatives, and significantly grow its store count. Following Starbucks' update, the analyst has increased confidence about its ability to generate continued top-line momentum. Regan now believes her previous forecast for the stock to double within five years could be conservative. The analyst reiterated a $100 price target and Overweight rating on the shares. Meanwhile, JPMorgan analyst John Ivankoe was impressed by the company's store expansion plans, sales driving initiatives, and margin enhancing measures, he wrote in a note to investors today. The company looks poised to increase its profits 15%-20% through 2016, and arguably through 2019 as well, Ivankoe stated. Starbucks is a classic, long-term core growth stock, added the analyst, who raised his price target on the name to $89 from $82 and kept an Overweight rating on the shares. PRICE ACTION: In early afternoon trading, Starbucks gained nearly 3% to $83.58. Earlier, the stock set a new 52-week high of $83.92.
07:32 EDTSBUXStarbucks price target raised to $89 from $82 at JPMorgan
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06:53 EDTSBUXPiper sees Starbucks shares doubling within four years
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