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Stock Market & Financial Investment News

News Breaks
January 13, 2014
04:55 EDTWEN, WEN, WEN, IRBT, IRBT, IRBT, LB, LB, LB, GES, GES, GES, HGG, HGG, HGG, JAH, JAH, JAH, RUTH, RUTH, RUTH, SIG, SIG, SIG, JACK, JACK, JACK, GDOT, GDOT, GDOT, FOSL, FOSL, FOSL, CLUB, CLUB, CLUB, CATM, CATM, CATM, COA, COA, COAICR to hold a conference
16th Annual ICR XChange Conference is being held in Orlando, Florida on January 13-15.
News For WEN;CATM;CLUB;FOSL;GDOT;JACK;SIG;RUTH;JAH;HGG;GES;LB;IRBT;COA From The Last 14 Days
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October 21, 2014
11:57 EDTJACKChipotle falls after outlook for FY15 comparable restaurant sales disappoints
Shares of fast casual restaurant chain Chipotle Mexican Grill (CMG) are falling after the company issued a disappointing outlook for fiscal 2015 comparable restaurant sales. WHAT'S NEW: Last night, Chipotle reported third quarter earnings per share of $4.15 and revenue of $1.08B, topping analysts’ consensus estimates of $3.84 and $1.06B, respectively. Comparable restaurant sales rose 19.8% in the quarter, driven primarily by increased traffic and from a higher average check, which includes the benefit of a nationwide menu price increase that was fully rolled out by the end of the second quarter. The company opened 43 new restaurants in Q3. WHAT'S NOTABLE: Chipotle forecast comparable restaurant sales increases in the mid-teens for fiscal year 2014, and the company said it expects to open 180-195 new restaurants during the year. The company also sees an effective tax rate for FY14 of about 38.5%. For FY15, the company sees low to mid-single digits comparable restaurant sales gains, 190-205 new restaurant openings and an effective tax rate of 39.1%. On Chipotle’s Q3 earnings conference call, management said it expects food costs to continue rising into the fourth quarter and throughout 2015. The company also noted that it was still seeing strong traction growth regardless of recent menu price increases. Chipotle said it will "opportunistically" repurchase stock in order to enhance shareholder value. ANALYST REACTION: This morning, Wells Fargo kept a Market Perform rating on Chipotle, but lowered its price target range on shares to $600-$625 from $650-$675. In its note, Wells said greater than expected commodity inflation and labor cost pressure in 2015 will likely lead to lower Street estimates. Wells expects same store sales to decline sequentially from 4Q14 through 3Q15 due to double-digit traffic comparisons in earlier quarters and less pricing in later quarters. Another firm, Oppenheimer, recommended using any post-earnings weakness in shares of Chipotle as a buying opportunity. The firm believes investors are concerned over 2015 estimates coming down on food cost pressures. The firm said food cost issues are unlikely to get worse from here and it kept an Outperform rating on Chipotle with a $775 price target. PRICE ACTION: In late morning trading, Chipotle fell $44.14, or nearly 7%, to $609.28 on nearly twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 21% over the past 12 months. OTHERS TO WATCH: Other fast casual restaurant companies include El Pollo LoCo (LOCO), Fiesta Restaurant (FRGI), Jack in the Box (JACK), and McDonald’s (MCD), which reported results this morning.
08:06 EDTSIGSignet Jewelers remains a top pick at Nomura
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October 20, 2014
11:40 EDTSIGSignet Jewelers management to meet with Sterne Agee
Group breakfast to be held in New York on October 24 hosted by Sterne Agee.
09:08 EDTIRBTiRobot awarded $7.6M order for upgrades and spares for 46 MTRS
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October 17, 2014
10:00 EDTSIGOn The Fly: Analyst Initiation Summary
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05:32 EDTSIGSignet Jewelers initiated with an Overweight at Barclays
Target $120.
October 16, 2014
10:01 EDTLBOn The Fly: Analyst Upgrade Summary
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06:22 EDTLBL Brands upgraded to Outperform from Market Perform at Wells Fargo
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October 14, 2014
12:55 EDTSIGSignet Jewelers pullback a buying opportunity, says Stephens
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11:21 EDTFOSLFossil initiated with a Buy at Standpoint Research
Target $124.
08:04 EDTSIGSignet Jewelers reaffirms Q2 guidance
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08:03 EDTSIGSignet Jewelers CEO Barnes resigns effective October 31, COO Light to succeed
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October 9, 2014
13:25 EDTLBL Brands price target raised to $75 from $68 at Sterne Agee
Sterne Agee raised its price target on shares of L Brands to $75 after the company reported better than expected September same-store sales growth of 6%. The firm noted L Brands' top-line trends continue to beat its mall-based peers and it keeps its Buy rating on the stock.
11:42 EDTJACKRuby Tuesday surges after Q1 profit beats estimates
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09:41 EDTLBBofA/Merrill retail analysts hold an analyst/industry conference call
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07:06 EDTLBL Brands reports September sales $853.5M, September SSS up 6%
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October 8, 2014
10:38 EDTSIGHigh option volume stocks
High option volume stocks: FRAN RMTI ACM CY CLNY SMH BEAV SIG CTB DUG SHLD
07:45 EDTCATMCardtronics named exclusive ATM services provider for Fresh & Easy
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October 7, 2014
11:34 EDTLBChristopher & Banks plummets after cutting Q3 revenue outlook
Shares of specialty women's apparel retailer Christopher & Banks (CBK) are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: This morning, Christopher & Banks lowered its Q3 revenue outlook to $114M-$118M from its previous guidance of $122M-$124, trailing the consensus of $123.98M. The company also cut the top end of its Q3 margin forecast, lowering its margin growth outlook to 75-100 basis points from its prior view of 75-125 bps. SG&A dollars for the quarter are expected to be approximately $33.5M-$34M, below its prior guidance of $34M-$34.5M. Christopher & Banks expects its inventory at the end of the quarter will remain higher than the comparable prior year period on a dollar per square foot basis, but at a level lower than at the end of Q2, due to planned higher levels of core inventory. WHAT'S NOTABLE: The company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show. The company noted that the demand for fashion merchandise exceeded planned inventory levels, due to late receipts associated with the West Coast port disruptions. President and Chief Executive Officer LuAnn Via said in a statement, "We believe that the continued softness in traffic trends, coupled with the difficult overall retail environment, have adversely affected our sales as compared to our initial expectations for the quarter." She said the firm assumes promotional activity will continue to be aggressive and that the current environment will continue to be challenging, creating continued pressure on sales and margins. PRICE ACTION: In late morning trading, Christopher & Banks fell $2.69, or about 30%, to $6.40 on nearly four times its average daily trading volume. Despite today's pull-back, the shares have only lost approximately 2% over the past 12 months. OTHERS TO WATCH: Other specialty women's retailers include Chico's FAS (CHS), down 1.28%, Ann Inc. (ANN), down 2.1%, and L Brands (LB), down 1.13%.
07:51 EDTJACKJack in the Box price target raised to $79 from $65 at Oppenheimer
Oppenheimer believes consensus expectations for same-store sales at the Jack in the Box flagship brand and for Qdoba appear too low and that the company's Q4 results have upside potential. The firm raised its price target on Jack in the Box to $79 and reiterates its Outperform rating on the stock.

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