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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. ....
Order Reprints Text size Starbucks said company-owned stores would see comparable sales gains of between 4% and 5% worldwide, beginning in fiscal 2023. Eva Hambach/AFP via Getty Images Starbucks shares were rising Thursday morning, after the coffee giant struck an upbeat tone at Wednesday’s investor day, increasing its growth forecast as it looks past disruption from the Covid-19 crisis. Starbucks (ticker: SBUX) reaffirmed its full-year guidance for fiscal 2021 which began in late September saying it will earn between $2.70 and $2.90 a share, roughly in line with expectations. For fiscal 2022, it is looking for EPS to rise at least 20%, ahead of consensus. For fiscal 2023 and 2024, it is now modeling for EPS to increase between 10% and 12%, up from a prior estimate of 10%. ....