Vaccaro预计该汉堡连锁店将迎来另一个强劲季度，并看好第四季度的可比销售前景，这将受益于纽约和迈阿密的增量营销、其受欢迎的黑松露LTO的回归，以及过往表现良好的数字促销(如周日免费鸡肉)。Prior to the release of the dining sector's financial report performance in the third quarter, Raymond James provided some outlook for companies expected to deliver strong results in Q3.
According to ZhuTong Finance APP, prior to the announcement of the dining sector's financial report performance in the third quarter, taking recent customer traffic issues and potential adverse factors in the fourth quarter into consideration, Raymond James provided some outlook for companies expected to deliver strong results in Q3. The institution continues to see huge discrepancies between market sentiment and valuations, as the valuations of many 'winners' have reached or are close to historical highs, while most underperforming stocks have very low P/E ratios and higher short interest.
Among the standout companies in the previous category of stocks, analyst Brian Vaccaro from Raymond James chose Shake Shack (SHAK.US) as his top pick and assigned a strong buy rating.
Vaccaro expects this burger chain to have another strong quarter and is bullish on the comparable sales outlook for the fourth quarter, which will benefit from incremental marketing in New York and Miami, the return of their popular Black Truffle LTO, and successful past digital promotions (such as Sunday free chicken).
Vaccaro stated, 'Shake Shack remains our top long-term target as it has unique levers to drive valuation, enable competition, enhance operations or profit margins, improve new unit ROI, and support a long-term (total addressable market) several times its current scale.'
In addition to Shake Shack, the analyst also focuses on other popular stocks, including Chipotle Mexican Grill (CMG.US) and Wingstop (WING.US), both rated 'outperform large cap' by the institution. Chipotle benefits from a strong brand positioning and value proposition, while Wingstop maintains 'strong' market share growth through successful marketing initiatives, product innovation, and channel expansion through collaboration with Uber Eats (Uber.US). Vaccaro raised Chipotle's target price by 4% to $65 and Wingstop's target price by 3.5% to $435.
Meanwhile, due to Brinker International's (EAT.US) stock valuation fully reflecting the company's rising profits and profit margins, Vaccaro downgraded its rating from 'outperform large cap' to 'in line with large cap', but raised its EPS forecast for fiscal years 25 and 26 by $0.30 to $5.18 and $6.00 respectively. In the updated model, the investment institution raised Chili's restaurants' comparable sales by 7.8%, store margin by 9%, and set general and administrative expenses (G&A) more conservatively at $0.193 billion.
At the close on Thursday, shares of shake shack fell by about 1%, chipotle mexican grill's stock price fell by 0.50%, wingstop's stock price fell by 1.15%, and brinker international's stock price fell by 1.6%.
