We're expecting to slightly trim our $66 fair value estimate for the wide-moat firm.
We're increasing our $78 fair value estimate for the narrow-moat firm.
We're planning a modest increase to our $1,200 fair estimate and view shares as undervalued today.
The firm saw accelerating revenue trends across most categories.
Investors need to focus more on longer-term unit potential after results that were bogged down in the third quarter.
No changed planned for our fair value estimate, as we see shares as fairly valued today.
The wide-moat firm's recent logistics investment may weigh on near-term margins, but it will create fulfillment and inventory storage bundling opportunities, which should drive improved monetization rates.
The retailer's management is doing a good job in making the firm relevant to vendors and customers, but current growth rates can't be sustained over the long term.
We plan to ratchet up our $44 fair value estimate, and see shares as modestly overvalued today.
Under Armour's restructuring plans will create short-term choppiness but support long-term growth potential.
We plan to raise the wide-moat online operator's $148 fair value estimate by 10%-15%.
We plan to reduce our fair value estimate for the narrow-moat firm.
We still see the wide-moat firm as undervalued.
Investment spending might be grabbing headlines today, but investors need to keep focus on the strength of the long-term building blocks of free-cash flow.
New food safety concerns could weigh on the restaurant chain for the rest of the year, but there are several positive catalysts on deck for 2018.
Investors couldn't have asked for much more from wide-moat McDonald's second-quarter update.
The company's already wide moat is strengthening, and its shares are undervalued.
Despite cautious projections for the rest of the year, there were plenty of long-term positives from the wide-moat company's update.
We think Wardrobe and the Nike deal are positive for the online giant.
This wide-moat company offers investors a compelling longer-term cash flow story.
The consumer cyclical sector looks fairly valued, as restaurants and travel-related stocks help offset the carnage in retail following Amazon's bid to acquire Whole Foods.
Guest experience, menu management, off-premise sales, and operational simplification should continue to drive growth for the casual-dining chain.
As a result of the acquisition, we're raising our fair value estimate on the wide-moat online retailer.
Three sources of upside will lead to an increase in our fair value estimate for the wide-moat firm.
We think the company’s network effect has strengthened.
Though it has improved its competitive position more than many retailers, the firm will continue to face pressure from Amazon on many of its product and service initiatives, limiting growth and margin expansion potential.
An emphasis on performance goods, improved online sales capabilities, an expanded private label assortment, and youth sports emphasis are enough to put the company on the list of retailer survivors the next 10 years.
Blue Apron, HelloFresh, and Home Chef may have seemed like fads, but they could have interesting implications across the grocery, CPG, restaurant, and online retail space.
We see new growth avenues for CPG companies and online retailers.
The firm may be spending heavily, but strong grown and consumer engagement trends show these dollars are being well spent, writes Morningstar’s R.J. Hottovy.
We're planning to raise our $425 fair value estimate, but still sees the shares as too pricey.
We expect to increase our fair value estimate of the firm, but prefer a wider margin of safety before adding to positions.
The wide-moat firm is one of the most direct ways to invest in Chinese consumers’ increased spending.
The wide-moat company is one of the best ways to play the improving consumer disposable income trends in the region.
JAB's acquisition of the narrow-moat company could lead to international Panera locations, accelerated delivery hub openings offering a greater assortment, a wider packaged good selection in the mass merchant channel, and more.
While it is hard to handicap if a deal will happen, there has been an uptick in restaurant M&A in the last few months and it's easy to see that Panera would be an attractive target.
An acquirer would probably be attracted to the narrow-moat company's industry-leading loyalty program engagement and digital sales penetration, expanding delivery capabilities, a growing at-home business, and a potential refranchising/leveraged recap play.
Cheddar's value reputation, restaurant layout, and target audience complement the company's existing portfolio.
Though North American headwinds are unlikely to abate soon, the wide-moat company remains well positioned for the long term.
The margin expansion opportunity for this specialty retailer will become more apparent as 2017 progresses.
While the new Best Buy 2020 plan emphasizes growth focused on multichannel capabilities, products and services that address customer needs, and accelerated Canada and Mexico expansion, these initiatives will not be enough to overcome longer-term structural issues.
The company's digital and other improvements better position the platform for growth.
We wouldn't require much margin of safety before taking a position in this narrow-moat firm.
Strong gross margins in the fourth quarter boost our confidence that the firm will be able to leverage Prime, third-party sales and AWS to higher margins in the years to come.
Tech innovations are set to accelerate Starbucks' growth despite an uneven U.S. retail traffic landscape.
We're taking a more conservative approach to the 2017 outlook than the firm's, but we're not planning changes to our fair value estimate.
Management improvements, operational enhancements, and a strong cash return profile should keep this stock on the radar.
We'd prefer a wider margin of safety, but we view the firm as one of the more diversified long-term cash flow stories across our global coverage.
We plan to raise our $128 fair value estimate and think longer-term investors should keep McDonald's on the radar screen.
While comps are improving, but it's getting more expensive for the narrow-moat company to drive restaurant traffic.