Actionable news
0
All posts from Actionable news
Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

Chipotle's New Queso Dip Makes the Stock a Buy

Chipotle Mexican Grill ( CMG) , Olive Garden owner Darden ( DRI) , burger maker Habit Restaurants ( HABT) , and Dave & Buster's ( PLAY) are investment firm Piper Jaffray's top picks in the restaurant sector.

Piper Jaffray analysts Nicole Miller Regan and Joshua Long note that even though June was a tough month for restaurants, with the stocks in their coverage down about 8% on average, they argue a turn could be on the horizon.

Regan and Long contend that estimates could ease during the second-quarter earnings season that starts later this month. They remain positive on the sector in general, citing stronger trends in the second half of the year that will propel stocks higher.

"From a stock perspective, we are positive on: CMG and its ongoing recovery efforts; DRI for its back-to-basics operational approach that we believe will continue to drive above-peer momentum within the casual dining space; HABT for the brand's everyday value positioning and unit growth profile; and shares of PLAY for the company's differentiated entertainment offering...


More