Johnson & Johnson to Participate in the Bernstein's 41st Annual Strategic Decisions Conference
A live audio webcast of the presentation will be accessible through Johnson & Johnson's Investor Relations website at www.investor.jnj.com. An archived edition of the session will be available later that day.
The audio webcast replay will be available approximately 48 hours after the webcast.
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Business Insider
38 minutes ago
- Business Insider
MCD vs. TXRH vs. CAVA: Which Restaurant Stock Has the Highest Upside Potential?
Macro uncertainties and tariff-led pressure on costs are expected to continue to weigh on the performance of restaurant chains. While ongoing headwinds could impact restaurant stocks over the near term, analysts remain optimistic about the long-term growth prospects of several restaurant stocks. Using TipRanks' Stock Comparison Tool, we placed McDonald's (MCD), Texas Roadhouse (TXRH), and CAVA Group (CAVA) against each other to find the restaurant stock that has the highest upside potential, according to Wall Street. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. McDonald's (NYSE:MCD) Stock McDonald's stock has risen about 15% over the past year, but is essentially flat on a year-to-date basis. The fast-food chain reported mixed results for the first quarter of 2025, largely due to a challenging macroeconomic backdrop. In fact, U.S. same-store sales fell for the second straight quarter, posting the largest decline (down 3.6% in Q1 2025) since the onset of the COVID-19 pandemic. Unfavorable weather and cautious consumer spending impacted McDonald's sales in the first quarter. Nonetheless, McDonald's reaffirmed its full-year guidance, reflecting resilience in a tough backdrop. The company stated that it is working on improving its performance by focusing on value meals, menu innovation, and product launches such as McCrispy Chicken Strips and the reintroduction of snack wraps. Is McDonald's Stock a Buy, Sell, or Hold? Last week, UBS analyst Dennis Geiger reiterated a Buy rating on McDonald's stock with a price target of $350. The 4-star analyst believes that the pullback in the stock, combined with encouraging U.S. sales in the second half of 2025, makes MCD an attractive pick. The analyst sees a 'reasonably limited' downside in MCD stock, as he believes that it is a quality business positioned for multi-year market share gains. While Geiger agreed that consumer defensives are out of favor and quick service restaurant (QSR) sales trends and stocks continue to be under pressure, he expects to see share gains as U.S. and International trends improve. He added that McDonald's appears well-positioned to deliver strong same-store sales in the second half of 2025, driven by new products, value initiatives, and marketing plans, even as lower and middle-income spending pressure could persist. Currently, Wall Street has a Moderate Buy consensus rating on McDonald's stock based on 12 Buys, 13 Holds, and one Sell recommendation. The average MCD stock price target of $329.42 indicates about 13% upside potential. See more MCD analyst ratings Texas Roadhouse (NASDAQ:TXRH) Stock Texas Roadhouse is a casual dining steakhouse chain. The company missed analysts' earnings expectations for the first quarter of Fiscal 2025, as restaurant margins contracted due to commodity inflation and increased wages and other labor expenses. TXRH's comparable restaurant sales increased by 3.5% in Q1 2025. The company indicated that trends were improving, with comparable restaurant sales rising 5% in the first five weeks of Q2 FY25. Additionally, Texas Roadhouse increased its menu prices by about 1.4% in early April. Is TXRH a Good Stock to Buy? Recently, Texas Roadhouse announced the departure of CFO Chris Monroe from the company and the appointment of Vice President of Finance Keith Humpich as the interim CFO. Reacting to the news, Stephens analyst Jim Salera stated that the interim CFO appointment adds stability following Monroe's departure, given Humpich's long tenure and familiarity with the company's financial operations. Salera added that Texas Roadhouse continues to outperform casual dining rivals, with April traffic accelerating exiting Q1 2025. The analyst believes that the company's consistent execution, guest focus, and 'scratch-made' menu continue to be key differentiators in an uncertain consumer backdrop. However, Salera maintained a Hold rating on TXRH stock with a price target of $170, citing concerns related to macro uncertainty in the second half of 2025 and a premium valuation. Overall, Texas Roadhouse stock scores a Moderate Buy consensus rating based on seven Buys and nine Holds. The average TXRH stock price target of $190.87 indicates a modest upside potential of about 2% from current levels. TXRH stock has risen 9% over the past year. Cava Group (NYSE:CAVA) Stock Mediterranean fast casual restaurant chain Cava Group delivered better-than-expected earnings for the first quarter of 2025, with revenue growing 28% to $332 million. The company's same-store sales increased by 10.8%, outperforming several peers in the industry. Despite the strong results, CAVA stock has declined 25% year-to-date and 9% over the past year owing to concerns over valuation and macro uncertainties. Looking ahead, management aims to capitalize on ample opportunities to expand. The company expects to open 64 to 68 new restaurants this year, a slight increase from the previous forecast of 62 to 66 stores. Cava Group operated 382 restaurants as of the end of Q1 2025 and aims to increase its footprint to at least 1,000 restaurants by 2032. Is CAVA Stock a Buy? Recently, Stifel analyst Chris O'Cull reiterated a Buy rating on Cava Group stock but lowered the price target to $125 from $175. The 5-star analyst sees the pullback in the stock as a buying opportunity. Despite near-term challenges, the analyst believes that McDonald's long-term outlook is intact, supported by unit expansion, increasing brand awareness, and improving average unit volumes. He expects McDonald's long-term revenue growth in the 17% to 20% range, driven by a 15% unit growth and mid-single-digit same-restaurant sales (SRS) gains. O'Cull acknowledged near-term softness in CAVA's SRS growth, particularly in the second quarter, due to tough comparisons with the prior-year quarter, which included the launch of the popular Grilled Steak. The analyst now expects Q2 SRS of 5.5%, below the Street's estimate of 6.9%. That said, he noted the strength in CAVA's fundamentals, calling the dip in the stock 'a dish worth grabbing.' O'Cull expects Cava Group's average unit volumes (AUVs) to grow faster than previously expected, fueled by brand expansion and improved performance at new locations. 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an hour ago
- Business Wire
AeroVironment, Inc. Announces Pricing of Upsized Offerings of Common Stock And 0% Convertible Senior Notes Due 2030
ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV) (the 'Company') today announced the pricing of its upsized underwritten public offering of 3,528,226 shares of its common stock (the 'Common Stock') at a public offering price of $248.00 per share (such offering, the 'Common Stock Offering'), and its upsized underwritten public offering of $650,000,000 aggregate principal amount of its 0% convertible senior notes due 2030 (the 'Convertible Notes' and such offering, the 'Convertible Notes Offering'). The aggregate net proceeds to the Company from the Common Stock Offering and the Convertible Notes Offering, after deducting underwriting discounts and other estimated offering expenses, are expected to be approximately $1.47 billion. The Company expects to use approximately $965.3 million of the net proceeds from the Common Stock Offering and the Convertible Notes Offering to repay indebtedness under its term loan and outstanding borrowings under its revolving credit facility, and the remainder for general corporate purposes, including to increase manufacturing capacity. The Company has granted the underwriters of the offerings a 30-day option to purchase up to an additional 529,234 shares of Common Stock at the public offering price less the underwriting discount in the Common Stock Offering and a 30-day option to purchase up to an additional $97,500,000 aggregate principal amount of Convertible Notes solely to cover over-allotments, if any, in the Convertible Notes Offering. The Convertible Notes will be convertible at the option of the holders if certain conditions are met and during certain periods, based on an initial conversion rate of 3.1017 shares of Common Stock per $1,000 principal amount of the Convertible Notes, which is equivalent to an initial conversion price of approximately $322.40 per share of Common Stock, representing a premium of approximately 30% above the public offering price per share of Common Stock in the Common Stock Offering. The Company will settle conversions of the Convertible Notes by paying or delivering, as applicable, cash or a combination of cash and shares of Common Stock, at the Company's election. Both the Common Stock Offering and the Convertible Notes Offering are expected to close on July 3, 2025, in each case, subject to satisfaction of customary closing conditions. The closing of neither the Common Stock Offering nor the Convertible Notes Offering is conditioned upon the closing of the other offering. J.P. 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Before you invest, you should read the applicable preliminary prospectus supplement and the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and these offerings. You may obtain these documents by visiting EDGAR on the SEC's website at Alternatively, the Company, any underwriter or any dealer participating in the applicable offering will arrange to send you the applicable preliminary prospectus supplement (or, when available, the applicable final prospectus supplement) and the accompanying prospectus upon request to: J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or email: prospectus-eq_fi@ and postsalemanualrequests@ or BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, or e-mail: This press release does not constitute an offer to sell or a solicitation of an offer to buy the shares of Common Stock, the Convertible Notes, any shares of Common Stock issuable upon conversion of the Convertible Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction. ABOUT AEROVIRONMENT, INC. AeroVironment (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today's warfighter and tomorrow's conflicts. With a national manufacturing footprint and a deep innovation pipeline, the Company delivers proven systems and future-defining capabilities with speed, scale, and operational relevance. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Certain of the statements contained or referred to herein, including those regarding the proposed offerings, should be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as 'anticipate,' 'approximate,' 'believe,' 'plan,' 'estimate,' 'expect,' 'project,' 'could,' 'should,' 'strategy,' 'will,' 'intend,' 'may' and other similar expressions or the negative of such words or expressions. Statements in this press release concerning the Common Stock Offering and the Convertible Notes Offering, our ability to complete such offerings on the anticipated timeline or at all and the anticipated use of the net proceeds therefrom, together with other statements that are not historical facts, are forward-looking statements that are estimates reflecting management's best judgment based upon currently available information. Such forward-looking statements are inherently uncertain, and stockholders and other potential investors must recognize that actual results may differ materially from expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the Company is unable to predict or control, that may cause actual results, performance or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which the Company operates to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world, as well as those set forth in AeroVironment, Inc.'s Annual Report on Form 10-K for the year ended April 30, 2025 (especially in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations), and other risks and uncertainties listed from time to time in the Company's other filings with the SEC. Other unknown or unpredictable factors also could have a material adverse effect on the Company's business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.
Yahoo
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Circle Stock Is A 'Must Hold,' Says Bernstein: Here's Why
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