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Stock Market & Financial Investment News

News Breaks
December 4, 2012
11:42 EDTCAKE, EAT, DIN, BJRI, TXRH, DRICasual dining stocks fall after Darden issues profit warning
A number of casual dining stocks are dropping after a major player in the sector, Darden Restaurants (DRI) predicted that its earnings per share in its second quarter ended November 25 would be significantly below analysts' expectations. Darden, which operates Olive Garden and Red Lobster restaurants, expects its earnings per share in the second quarter to be 25c-26c, versus analysts' consensus estimate of 47c. Moreover, Darden predicted that its U.S. same-restaurant sales would sink 2.7%. Finally, the casual dining operator provided FY13 earnings per share guidance of $3.29-$3.49, versus analysts' consensus estimate of $3.88. Darden's promotions last quarter "did not resonate with financially stretched consumers as well as newer promotions from competitors," said Darden CEO Clarence Otis, adding that the company would look to change its promotions soon. In late morning trading, Darden dropped 9.86% to $47.25. Other casual dining companies also retreated, with The Cheesecake Factory (CAKE) falling 5.31% to $32.25, BJ's Restaurant (BJRI) giving back 4.10% to $32.96, Brinker (EAT) declining 3.16% to $28.92,Texas Roadhouse (TXRH) losing 3.65% to $16.09, and DineEquity (DIN) falling 1.85% to $61.56.
News For DRI;BJRI;EAT;TXRH;DIN;CAKE From The Last 14 Days
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January 28, 2015
10:31 EDTEATBrinker slips after earnings, levels to watch
Shares are down over 1.3% at time of writing to $60.85. At that price next support is at $59.96. The key level to watch below that particular support is at $57.95, the 50-day moving average. That moving average is the uptrend support line proxy and it would snap the uptrend from the summer of 2014 if it were broken. Resistance is at $61.16.
10:21 EDTEATBrinker sees 'tough road ahead,' but 'not as bad' as last few years
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10:19 EDTEATBrinker says 'comfortable' with FY15 guidance to date
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10:18 EDTEATBrinker says still sees $4 in EPS by FY17
Says feels "really good" about Chilli's performance domestically. Says facing "challenging" headwinds internationally. Says optimistic about long-term growth potential of Maggiano's brand. Says environment "competitive." Comments made on the Q4 earnings conference call. Brinker is down 2.48% in morning trading to $60.10.
07:48 EDTEATBrinker reports Q2 Chili's sales up 4.4% to $602M
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07:47 EDTEATBrinker reports Q2 comparable restaurant sales up 3.7%
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07:46 EDTEATBrinker reports Q2 EPS excl items 71c, consensus 69c
Reports Q2 revenue $742.77M, consensus $735.87M
January 27, 2015
15:35 EDTEATNotable companies reporting before tomorrow's open
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12:18 EDTEATEarnings Preview: Brinker up 19.5% since last earnings report
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January 20, 2015
08:58 EDTEATBrinker downgraded to Hold on valuation at Wunderlich
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08:51 EDTCAKECheesecake Factory upgraded to Outperform from Market Perform at William Blair
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08:12 EDTEATBrinker downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Brinker to Hold with a $65 price target.
07:26 EDTDRIJefferies to hold a summit
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07:24 EDTBJRIBJ's Restaurants upgraded at KeyBanc
As previously reported, KeyBanc upgraded BJ's Restaurant to Buy from Hold. The firm cites shares underperformance, top-line momentum, and improving returns for the upgrade. Price target is $52.
06:30 EDTBJRIBJ's Restaurants upgraded to Buy from Hold at KeyBanc
January 16, 2015
10:01 EDTBJRIOn The Fly: Analyst Downgrade Summary
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07:58 EDTBJRIBJ's Restaurants shares should be bought on any weakness, says Oppenheimer
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06:45 EDTBJRIBJ's Restaurants downgraded to Hold from Buy at Wunderlich
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January 15, 2015
18:28 EDTBJRIOn The Fly: After Hours Movers
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16:07 EDTBJRIBJ's Restaurants reports preliminary Q4 revenue $213.9M, consensus $214.23M
Reports preliminary Q4 revenue $213.9M, consensus $214.23M. Comparable restaurant sales for Q4 increased approximately 1.2%, compared to a decrease of 2.7% in the year-ago quarter.
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