MCD: The Bull and Bear Cases on McDonald’s

By Ryan D. Lavender Published on March 16, 2021 at 4:49 PM

In this report we examine the bull and bear cases regarding McDonald’s (MCD; Buy, $220.46). While we maintain our Buy rating on MCD — it continues to be our top large-cap restaurant-stock pick — it is good for investors interested in MCD to be aware of the bull and bear cases surrounding the stock, no matter what our rating on the shares is.

DIN (Post-Call): Applebee’s Disappoints, But Multiple Silver Linings Emerge

By Ryan D. Lavender Published on March 2, 2021 at 5:45 PM

Earlier today, Dine Brands reported Q4 2020 adjusted EPS of $0.39, falling short of our recently-reduced $0.85 forecast and sell-side consensus (according to Consensus Metrix) of $0.67.

PZZA (Post-Call): Will Q1 be “Epic”?

By Ryan D. Lavender Published on February 25, 2021 at 5:49 PM

Earlier today, Papa John’s (PZZA; Buy, $102.64) reported Q4 adjusted EPS of $0.40, matching our $0.40 forecast, but coming below sell-side consensus (according to Consensus Metrix) of $0.45. Keep in mind, special year-end bonuses hampered Q4 EPS by approximately -6 cents, and this may not have been taken into account by some sell-side firms’ estimates.