fast food restaurants

On Tuesday, Yum Brands Inc. (NYSE:YUM) confirmed the sale of its subsidiary, Pizza Hut, to private equity firm LongRange Capital for nearly $1.5 billion. The Mainland China operations of Pizza Hut will be taken over by Yum China Holdings, Inc. (NYSE:YUMC) for nearly $1.2 billion. The...

Amid mounting pressure on U.S. pizza chains from weaker consumer spending and slowing restaurant traffic, Washington-based wood-fired pizza chain Smoking Monkey Pizza filed for Chapter 11 bankruptcy this week as it seeks to restructure its debt and reorganize operations. Parent company TB...

McDonald's Inc (NYSE:MCD) stock recently hit new 52-week lows, despite beating analyst estimates for revenue and earnings per share in the recently reported first quarter. The bad news for investors is there could be more pain ahead due to the increasing pain at the pump. Gas Prices Hit Fast Food...

The Wendy’s Company (NASDAQ:WEN) stock surged 14.05% in the pre-market trading session on Tuesday, following reports of renowned investor Nelson Peltz‘s Trian Fund Management is rallying support for a potential bid to privatize the fast-food chain. Trian has been in discussions with...

Goldman Sachs analyst Christine Cho on Thursday reiterated a Neutral rating on the shares of McDonald’s Corp (NYSE:MCD) and raised the price forecast to $345. McDonald’s shares dipped 1.9%, underperforming the S&P 500 despite meeting earnings expectations due to disappointing sales...

Wendy’s Co (NASDAQ:WEN) reported a first-quarter 2025 sales decline of 2.1% year-on-year to $523.47 million, missing the analyst consensus estimate of $525.41 million. The decrease in total revenues resulted primarily from lower company-operated restaurant sales, lower advertising funds...

Fast food giant Taco Bell is launching its “Taco Bell Defy” restaurant on Tuesday, June 7. Here is what makes this new restaurant stand out. What Happened: First announced last year, the new Brooklyn Park, Minnesota Taco Bell location opens June 7 and is the first “Taco Bell...

Chipotle Mexican Grill Inc (NYSE: CMG) will continue expanding into Canada this year after a three-year hiatus. What Happened: Chipotle announced on Tuesday its plans to expand its presence in Canada. The Mexican restaurant chain will open its doors in Surrey, British Columbia,...

Restaurant chain Jack in the Box Inc. (NASDAQ: JACK) reported in February its best quarterly performance in more than 27 years. This can be attributed to management's quick action in the early stages of the COVID-19 pandemic, Jack in the Box CEO Darin Harris said on CNBC's "Squawk...

The case against owning Denny's Corp (NASDAQ: DENN) was based on the restaurant chain's heavy exposure in California, but now is the right "time to get off the sidelines," according to Stephens. The Denny's Analyst: James Rutherford upgraded Denny's stock rating from...

Wendys Co (NASDAQ: WEN) tweeted a promotional picture of its 4 for $4 menu option, which drew a surprising response from rival fast food burger chain, Burger King. Wendy's 4 for $4 meal consists of a Jr. Bacon Cheeseburger, chicken nuggets, fries, and a drink. The 4 for $4 Meal: a trayful of mouth-...

Mark Kalinowski of Nomura initiated coverage of U.S. restaurants with a mixed reaction. Kalinowski highlighted chain restaurant same-store sales trends "generally remain solid," but not all segments appear to be generating improvements. Kalinowski named Yum! Brands, Inc. (NYSE: YUM) and Papa John...

In a report published Tuesday, Stephens analyst Will Slabaugh reiterated an Overweight rating on Carrols Restaurant Group, Inc. (NASDAQ: TAST) with a price target raised to $12 from a previous $11 following investor meetings with the company's Chief Financial Officer Paul Flanders. Carrols...

Recent market action has not been kind to McDonald's (NYSE: MCD), the global fast food restaurant giant. Disappointing earnings, a meat scandal and a downgrade have McDonald's down for the last week, month and quarter of market action. For the year, McDonald's is off by nearly one...