WEN Updating Our Rating on Wendy’s

By Mark Kalinowski Published on May 13, 2020 at 12:00 AM

With this report, we change our rating on the shares of Wendy’s (WEN) to Neutral (from Buy). Our ratings change largely reflects two factors: (1) a possible slowdown in U.S. same-store sales momentum given recent media attention about alleged beef shortages at Wendy’s, and (2) the stock’s rise from $7.47 as of the March 13th market close to $20.78 as of yesterday’s (May 13th’s) market close. Shares of WEN have also outperformed the S&P 500 by 5-6 percentage points year-to-date, despite being in what is arguably one of the more challenged industries in a COVID-19 world.

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DNKN (Post-Call) Raising Our Go-Forward EPS Estimates

By Mark Kalinowski Published on April 30, 2020 at 12:00 AM

Earlier today, Dunkin’ Brands Group (DNKN; Neutral, $64.69) reported Q1 adjusted EPS of $0.67, ahead of our $0.61 forecast and sell-side consensus (according to Consensus Metrix) of $0.59.

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DNKN (Post-Call) 2020 EPS Guidance Weighs on the Stock Somewhat

By Mark Kalinowski Published on February 6, 2020 at 12:00 AM

Earlier today, Dunkin’ Brands Group (DNKN; Neutral) reported adjusted Q4 2019 EPS came to $0.73, ahead of our $0.71 forecast and sell-side consensus (according to Consensus Metrix) of $0.70.

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