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RBC Capital Markets on Thursday issued a report on Kraft Foods Group Inc (NASDAQ: KRFT) after the announcement of the Kraft-Heinz merger. RBC maintained its Outperform rating and raised its price target from $72 to $92.
Analysts David Palmer and Christopher Carril wrote, We believe that there is. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Restaurant stocks closed out 2016 on a mostly high note, but investors are now shifting their focus to how much upside top names have ahead in 2017. Jefferies analyst Andy Barish has adjusted the firm’s ratings on a number of leading restaurant stocks and still sees pockets of opportunity for. Read More.
Casual-dining brewhouse brand updates on business, completes added $30M stock offering
BJ’s Restaurants Inc. saw tightening pandemic dining restrictions, especially in its home state of California, squeeze what had been improving same-store sales trends in the fourth quarter, the company said late Thursday in a business update.
The Huntington Beach, Calif.-based casual-dining brand on Friday said it had completed a $30 million “at-the-market,” or ATM, stock offering, which it increased from a stated $25 million just a day earlier.
So far in BJ’s first quarter, same-store sales were down 36.2% in the week ended Jan. 5, down 38.4% in the week ended Jan. 12 and down 36.9% in the week ended Jan. 19.