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Wall Street Loves Texas Roadhouse After Q4 Earnings
Tuesday, February 23, 2016 - 5:40pm | 554Read More...Shares of Texas Roadhouse Inc (NASDAQ: TXRH) surged more than 12 percent Tuesday after it reported an upbeat earnings for the fourth quarter. The restaurant operator earned $0.32 for the fourth quarter, and the number topped Street view by $0.02. Comparable sales increased 4.5 percent at...
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RBC Cuts Chipotle Target To $500, Believes Company Can Rebuild Trust With Customers
Wednesday, February 3, 2016 - 9:38am | 351Read More...Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) have declined 35.91 percent over the past six months, to a low of $404.26 on January 12. RBC Capital’s David Palmer has maintained an Outperform rating on the company, while lowering the price target from $550 to $500. The target...
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Don't Give Up On McDonald's: Here's Evidence It Might Be Turning Around
Monday, October 19, 2015 - 9:21am | 279Read More...McDonald's Corporation (NYSE: MCD) shares have been volatile in 2015, and have gained 11 percent year-to-date. RBC Capital Markets’ David Palmer maintained an Outperform rating on the company, with a price target of $119. McDonald’s is expected to witness a turnaround in...
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How Chipotle Can Hit $825 On Carnitas Return, Coupons And BOGO
Wednesday, October 14, 2015 - 10:25am | 299Read More...Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) have increased 12.55 percent over the last three months, from a low of $655.46 on July 14. RBC Capital Markets’ David Palmer has maintained an Outperform rating on the company, while raising the price target from $740 to $825....
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Wall Street Can't Reach A Consensus On Yum! Brands
Wednesday, October 7, 2015 - 11:04am | 1161Read More...Shares of Yum! Brands, Inc. (NYSE: YUM) were trading lower by 16 percent shortly after Wednesday's opening bell. Yum Brands reported it earned $1.00 per share on revenue of $3.427 billion, well below the Street's estimates of $1.07 per share and $3.684 billion in revenue. The...
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Why The Success Of Darden's REIT Matters For McDonald's
Thursday, July 23, 2015 - 2:33pm | 381Read More...McDonald's Corporation (NYSE: MCD) managed to report better than expected second-quarter earnings earlier today, with positive comps in Europe partially offsetting declines in other regions. David Palmer, RBC Capital Markets, was on CNBC recently to weigh in on the company's earnings and...
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RBC Upgrades General Mills To Outperform On Reinvestment Value
Tuesday, July 21, 2015 - 10:46am | 205Read More...In a report published Tuesday, RBC Capital analyst David Palmer upgraded the rating on General Mills, Inc. (NYSE: GIS), while raising the price target from $58 to $65. The analyst believes that while the company's earnings are sustainable and have higher perceived quality, General Mills has...
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RBC: July Will Be 'A Critical Month' For McDonald's
Thursday, June 18, 2015 - 12:17pm | 372Read More...McDonald’s Corporation (NYSE: MCD) shareholders have had very little to cheer about in the past year or so, but a new report by RBC Capital Markets analyst David Palmer explains why RBC believes that McDonald’s shareholders could soon be loving what they see from the fast food giant...
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Here's What 2 Analysts Are Saying About Starbucks Ahead Of Its Q1 Report
Thursday, April 23, 2015 - 12:25pm | 418Read More...Starbucks Corporation (NASDAQ: SBUX) will report its second quarter results on Thursday after market close. The Estimize Consensus earnings per share estimate (based on 61 estimates) is $0.34 on revenue of $4.506 billion. This compares to the Wall Street Consensus earnings per share estimate of...
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RBC Expects To See 'Outsized' EPS Growth At Chipotle Ahead Of Next Week's Q1 Results
Monday, April 13, 2015 - 10:54am | 246Read More...In a report published Monday, RBC Capital Markets analyst David Palmer offered a preview of Chipotle Mexican Grill, Inc. (NYSE: CMG)'s upcoming first quarter earnings report. Palmer estimated Chipotle to report same-store sales growth of 12 percent while earning $3.77 per share on revenue of $1....
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McDonald's Shareholders: 2 Top Wall Street Analysts Are Talking
Monday, April 6, 2015 - 2:53pm | 464Read More...In two separate reports published Monday, David Palmer of RBC Capital Markets and Brian Bittner of Oppenheimer discussed McDonald's Corporation (NYSE: MCD), offering two different takes on the company's prospects. RBC: Negative Start For U.S. Turnaround Palmer estimated...
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RBC Raises Kraft Foods PT As Heinz Merger Offers Multiple Avenues For Valuable Synergies
Thursday, March 26, 2015 - 9:01am | 189Read More...RBC Capital Markets on Thursday issued a report on Kraft Foods Group Inc (NASDAQ: KRFT) after the announcement of the Kraft-Heinz merger. RBC maintained its Outperform rating and raised its price target from $72 to $92. Analysts David Palmer and Christopher Carril wrote, " We believe that there is...
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RBC Analyst Explains The Reason Behind McDonald's Upgrade
Wednesday, March 4, 2015 - 4:53pm | 319Read More...RBC Capital Markets analyst David Palmer upgraded McDonald's Corporation (NYSE: MCD) today to Outperform from Sector Perform. Palmer was on CNBC Wednesday to explain the reasons behind the upgrade. Problem That McDonalds Can Solve "The case with McDonald's, they are in the...
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Darden Ditches Red Lobster Chain, Halts Expansion Of Olive Garden & LongHorn Steakhouse
Friday, December 20, 2013 - 12:27pm | 591Read More...After reporting Q2 14 EPS of $0.20, in line with the consensus and revenue of $2.05 billion, short of the $2.07 billion consensus estimate, Darden Restaurants (NYSE: DRI) said it planned to sell or spin off its 705 restaurant Red Lobster chain. Although Red Lobster has been a weak performer of...
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UPDATE: RBC Capital Markets Initiates Coverage on Yum! Brands Ahead of Anticipated Earnings Growth Acceleration
Friday, November 8, 2013 - 11:58am | 198Read More...In a report published Friday, RBC Capital Markets analyst David Palmer initiated coverage on Yum! Brands (NYSE: YUM) with an Outperform rating and $80.00 price target. In the report, RBC Capital Markets noted, “We believe Yum Brands' earnings growth can accelerate over the next 12-24 months as...
