Oct 24- Chili's Grill& Bar parent Brinker International Inc on Wednesday said a cool-down in sales at established restaurants was stretching into the current quarter, sending its shares down more than 10 percent.
However, earnings for Dallas- based Brinker International Inc. missed expectations, sending its shares down $2.81, more than 8 percent, to $30.63 Wednesday morning. Brinker, which also has a stake in Romano's Macaroni Grill, said Wednesday that it earned $27.9 million, or 36 cents per share for the three months ended Sept. 26.
--We also assigned a' B+' corporate credit rating to Bloomin' Brands Inc., as well as a' BB' issue rating and a' 1' recovery rating to OSI Restaurant Partners LLC's proposed $225 million revolving credit facility due 2017 and $1.0 billion term loan due 2019..
NEW YORK-- Olive Garden is tossing out its famous "When You're Here, You're Family" slogan to cater to a more modern lifestyle. It was a very stereotypical Italian family dinner, "said Jay Spenchian, executive vice president of marketing at Olive Garden.
Based on the technicals, Cramer thinks these stocks could soon push higher.
A few restaurant stocks traded near new highs this week, but the “Fast Money” traders thought two companies stood out.
Consumer stocks performed well Monday, with Macy’s and Home Depot among those that hit new 52-week highs, but pricing pressures might slow the rally.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Raymond James, an investment bank with $271 billion in client assets, said its best stock selections, which include Nvidia, may double in the next year.
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.
It's another morning of rumor and innuendo, with unconfirmed reports of one large Asian bank reduced its credit lines with all French banks, and another that European regulators are considering a ban on short selling.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.