Casual dining names have started to show signs of recovery as consumers spend more on dining out, Estimize reports. » Read More
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Wednesday:
Stocks ended near session lows Wednesday, with the S&P 500 and Nasdaq down more than 1 percent each, following the Federal Reserve's meeting minutes and as investors paused a day after all three major averages closed at fresh multi-year highs.
U.S. stock index futures briefly dipped Wednesday following a weaker-than-expected housing starts report, but rebounded into positive territory ahead of the minutes from the Federal Reserve's latest meeting and a day after all three major averages closed at fresh multi-year highs,
Take a look at some of Tuesday's midday movers:
CALABASAS HILLS, Calif.-- The Cheesecake Factory reported a 32 percent rise in quarterly earnings Wednesday as more customers showed up to eat at its restaurants. Net income for the third quarter was $27.2 million, or 49 cents per share. Comparable sales at Cheesecake Factory restaurants rose 2.9 percent from a year earlier.
The diner-style chain said on Tuesday it and regional partner Saleh Bin Lahej Group plan to open 40 restaurants starting next year across the United Arab Emirates, a seven-state federation that includes the cities of Dubai and Abu Dhabi.
*Raymond James Cuts The Cheesecake Factory to market perform from. *Raymond James Raises Ruby Tuesday target price to $8.50 from $7.50. *Raymond James Raises DineEquity target price to $65 from $59.
Take a look at some of Thursday's midday movers:
Take a look at some of Monday's midday movers:
PF Chang just commanded a 30% premium in a deal to go private. Could another restaurant company attract a similar bid?
Check out which companies are making headlines after-the-bell Wednesday:
Americans are grazing on the go, and that’s been good news for restaurants, according to market researcher Technomic.
Chipotle shares rose more than 2 percent Wednesday after Goldman Sachs highlighted the fast-food chain, but not all “Fast Money” pros were lining up for Mexican food.
If you enjoyed retail price promotions during the holiday season, you'll love what some casual dining restaurants are offering, says Stephen Anderson, Miller Tabak restaurant analyst.
Stocks closed mixed but finished off their worst levels Tuesday after a report that EU officials may be creating two separate rescue funds to help contain the region's ongoing sovereign debt crisis.
The markets are likely to lean whichever way the European winds blow Wednesday.
Stocks accelerated their losses in the final hour trading to finish near session lows Wednesday amid ongoing concerns over the global economy and as investors cautiously waited for further developments in the euro zone.
Expensive restaurant stocks can remain expensive for longer than the typical investment horizon, a 'smart' analyst tells me. Is Chipotle going to be one of those? Its stock jumped 10 percent on news that it opened just one Asian concept restaurant.
Here's why you should keep a close eye on these six stocks.