How Different Restaurant Stocks Trade Ahead of, and After, Earnings

By Ryan D. Lavender Published on April 19, 2021 at 5:14 PM

We recently published a series of reports examining how various restaurant stocks
have traded in the week leading up to, and immediately after, their last 24 quarterly
earnings releases. This report summarizes the trends we found.

MCD: Raising our Q1E U.S. Same-Store Sales Forecast to the Sell-Side High

By Ryan D. Lavender Published on April 5, 2021 at 4:58 PM

With this report, we increase our Q1E U.S. same-store sales forecast for McDonald’s by +190 basis points, to +12.2%. According to Consensus Metrix data, this becomes the new “high on the sell-side forecast.” Sell-side consensus is presently at +9.7%.

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.