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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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January 22, 2015
16:08 EDTSBUXStarbucks jumps 3% to $85.30 following Q1 results
16:04 EDTSBUXStarbucks sees Q2 EPS 64c-65c, consensus 68c
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16:04 EDTSBUXStarbucks reports Q1 EPS 80c, consensus 80c
Reports Q1 revenue $4.8B, consensus $4.80B. Global comparable store sales increased 5%, with a 2% increase in traffic. Comparable store customer transactions increased by nearly 9M in the U.S., nearly 12M globally, year-over-year. The company opened 512 net new stores in Q1.
15:32 EDTSBUXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Starbucks (SBUX), consensus 80c; Capital One (COF), consensus $1.74; Intuitive Surgical (ISRG), consensus $4.38; KLA-Tencor (KLAC), consensus 52c; Altera (ALTR), consensus 35c; E-Trade (ETFC), consensus 23c... ResMed (RMD), consensus 62c; Maxim Integrated Products (MXIM), consensus 30c; Maxim Integrated Products (MSCC), consensus 65c; Hexcel (HXL), consensus 54c; Polycom (PLCM), consensus 23c; Skyworks (SWKS), consensus $1.19; Curtiss-Wright (CW), consensus $1.00.
14:58 EDTSBUXStarbucks January weekly 82 straddle priced for 3.1% movement into Q1
12:31 EDTSBUXEarnings Preview: Starbucks sees Q1 adjusted EPS 79c-81c
Starbucks (SBUX) is scheduled to report first quarter results after the market close on Thursday, January 22, with a conference call scheduled for 5:00 pm ET. Starbucks purchases and roasts whole bean coffees and sells them, along with brewed coffees, Italian-style espresso beverages, cold blended beverages, food items, teas, and beverage-related accessories and equipment, primarily through company-operated retail stores. EXPECTATIONS: Analysts are looking for earnings per share of 80c on revenue of $4.8B, according to First Call. The consensus range for EPS is 78c-81c on revenue of $4.63B-$4.93B. LAST QUARTER: Starbucks reported fourth quarter adjusted EPS of 74c on revenue of $4.2B, in-line with estimates for 74c and $4.23B, respectively. Starbucks said global comparable store sales increased 5%. Looking ahead, the company forecast Q1 adjusted EPS 79c-81c and guided fiscal year 2015 EPS to $3.03-$3.13 against estimates at that time for $3.16. The company sees FY15 revenue growth of 16%-18%, including over $1B in incremental revenue from the planned acquisition of Starbucks Japan, against estimates at that time for $18.43B. Global comparable store sales growth was targeted in the mid-single digits. NEWS: In November, the European Union said the tax deal struck by Starbucks in the Netherlands amounts to illegal state aid, reported the Wall Street Journal. At its December Investor Day, Starbucks projected that revenue will approach $30B in fiscal year 2019, up from $16B in fiscal year 2014. Additionally, the company announced the launch of "Mobile Order & Pay," which allows customers to place orders in advance of their visit, and to pick up their ready order at their preferred Starbucks store, and also announced plans for food and beverage delivery. The company sees mobile ordering driving transactions and said it was exploring two different delivery models to launch in mid-to-late 2015. Starbucks' partnership with Square for use in mobile device payments also ended and the company replaced Tazo tea in its outlets with products from Teavana. During the quarter, Starbucks said that Chief Operating Officer Troy Alstead, a 23-year veteran of the company who also served for many years as the company's Chief Financial Officer, as well as leading the operations and development of Starbucks international business and its Europe, Middle East and Africa business unit, would take an extended unpaid leave from the company; his last day at his current role will be March 1. STREET RESEARCH: Piper Jaffray says it would be a buyer of Starbucks on any sell-off following the news of COO Alstead taking a leave of absence and said its fundamental thesis on the stock is unchanged and that Starbucks remains a top pick. William Blair thinks the near-term could "prove a bit rocky" for Starbucks investors given the departure of the "well-liked" COO and the potential slowing of domestic sales trends. The firm lowered its Q1 comp projection to 4%, below the consensus of 5%, citing a lower sales forecast in the Americas. Bernstein kept a $99 price target and Outperform rating on Starbucks after COO Alstead announced his leave of absence. Janney Capital cut its rating on the stock to Neutral from Buy, citing concerns about the company's near-term sales outlook. PRICE ACTION: Over the last three months, Starbucks shares are up almost 10%. Ahead of tonight's earnings report, shares are down about 0.7% to $81.86.
11:47 EDTSBUXStarbucks technical notes ahead of earnings
There is a potential bullish symmetrical triangle on the daily chart that could become active after earnings if price breaks out above $82.50. What makes the pattern bullish is the preceding uptrend. Upside potential for this pattern is to the $90 area, which would be a fresh lifetime high. When pulling back to a very long-term chart (10-year) the current pattern is visible, but part of a much larger bullish symmetrical triangle which is already in progress. The minimum objective from that pattern is also to the $90 area. While the current technical conditions are strongly bullish, there is always the prospect of pattern failure if the fundamentals fail to live up to bullish expectations. The downside reaction from a negative surprise could be equal in scale to the upside on a positive one. The bottom of the triangle pattern at the $78 area would be the first major support level for the shares. A breakdown below that support would void the pattern, with next support at $76.22.
10:03 EDTDNKNOn the Fly: Analyst Downgrade Summary
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07:32 EDTSBUXStarbucks January weekly volatility elevated into Q1 and outlook
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07:22 EDTDNKNDunkin' Brands downgraded at Wells Fargo
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05:46 EDTDNKNDunkin' Brands downgraded to Market Perform from Outperform at Wells Fargo
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January 20, 2015
14:06 EDTBAGLCitizens, Keysight identified as long positions by Einhorn
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08:59 EDTPNRAPanera Bread downgraded to Hold on valuation at Wunderlich
Wunderlich downgraded Panera Bread to Hold from Buy with shares within 8% of its unchanged price target of $185. The firm still expects Panera's same-store sales to continue to improve thru 2015 and 2016.
08:11 EDTPNRAPanera Bread downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Panera Bread to Hold with a $185 price target.
07:26 EDTDNKN, BAGLJefferies to hold a summit
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January 16, 2015
15:17 EDTPNRAHain Pure Protein extends relationship with Panera Bread
The Hain Celestial Group (HAIN) announced that Hain Pure Protein has entered into a new supply agreement with Panera (PNRA) to provide Plainville Farms turkey breast meat raised without antibiotics to Panera Bread. HPPC has been supplying Panera Bread with turkey raised without antibiotics on family farms since 2011.
15:08 EDTSBUXStarbucks January weekly volatility elevated into Q1 and outlook
Starbucks January weekly call option implied volatility is at 38, February is at 24, April is at 20; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on January 22.
06:11 EDTSBUXEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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January 15, 2015
08:30 EDTSBUXEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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January 14, 2015
09:31 EDTDNKNDunkin' Brands downgraded to Neutral from Buy at Cleveland Research
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