Latest news with #PeterSaleh
Business Insider
4 days ago
- Business
- Business Insider
BTIG Keeps Their Buy Rating on US Foods Holding (USFD)
BTIG analyst Peter Saleh reiterated a Buy rating on US Foods Holding today and set a price target of $82.00. The company's shares closed today at $80.55. Elevate Your Investing Strategy: 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. According to TipRanks, Saleh is a 5-star analyst with an average return of 11.5% and a 63.98% success rate. Saleh covers the Consumer Cyclical sector, focusing on stocks such as Wingstop, Darden Restaurants, and McDonald's. US Foods Holding has an analyst consensus of Strong Buy, with a price target consensus of $84.25.
Yahoo
6 days ago
- Business
- Yahoo
BTIG Keeps Buy Rating on Wingstop (WING), Highlights Recent Tech Investments
Wingstop Inc. (NASDAQ:WING) is one of the 11 Best Food Stocks to Buy According to Wall Street Analysts. On June 30, BTIG maintained its 'Buy' rating for Wingstop Inc. (NASDAQ:WING) with a price target of $430. This decision came after a meeting with Wingstop Inc.'s (NASDAQ:WING) leadership at the company's headquarters. Customers savoring boneless wings at a bustling restaurant owned by the company. BTIG analyst Peter Saleh pointed out that Wingstop Inc. (NASDAQ:WING) is at an important point in its history as it benefits from technology investments made in recent years. The firm highlighted the company's focus on improving its digital and advertising efforts and noted that international expansion is beginning to gain momentum. These are seen as key factors driving growth for Wingstop Inc. (NASDAQ:WING). BTIG highlighted that the company is currently facing its toughest comparisons this quarter, with sales expectations reset for the year. However, the analysts believe that Wingstop Inc. (NASDAQ:WING) is setting itself up for a new phase of multi-year comparable sales growth. Additionally, the firm pointed to the rollout of Smart Kitchen technology and loyalty programs by the company as key emerging drivers of sales. BTIG reaffirmed Wingstop Inc. (NASDAQ:WING) as a 'Top Pick.' Wingstop Inc. (NASDAQ:WING) is an American fast-casual restaurant chain that operates and franchises more than 2,500 locations around the world. It specializes in classic and boneless wings, tenders, and chicken sandwiches. While we acknowledge the potential of WING as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
7 days ago
- Business
- Business Insider
Bernstein Sticks to Their Hold Rating for Wendy's (WEN)
Bernstein analyst Danilo Gargiulo maintained a Hold rating on Wendy's yesterday and set a price target of $15.00. The company's shares closed yesterday at $11.29. 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. Gargiulo covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Chipotle, and CAVA Group, Inc.. According to TipRanks, Gargiulo has an average return of -0.6% and a 49.28% success rate on recommended stocks. In addition to Bernstein, Wendy's also received a Hold from BTIG's Peter Saleh in a report issued yesterday. However, on the same day, Goldman Sachs maintained a Sell rating on Wendy's (NASDAQ: WEN). Based on Wendy's' latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of $219.51 million and a net profit of $39.23 million. In comparison, last year the company earned a revenue of $534.75 million and had a net profit of $41.99 million Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WEN in relation to earlier this year. Most recently, in May 2025, Kenneth M. Cook, the CFO of WEN bought 1,500.00 shares for a total of $17,025.00.
CNBC
03-07-2025
- Business
- CNBC
Top stock picks for the second half of the year from BTIG
As the second half of the year kicks off, BTIG's list of recommended stock picks could win big. The first half of 2025 was marred by raging volatility resulting from President Donald Trump's universal tariff policies and armed conflict in the Middle East. But stocks have more than made up for heightened uncertainty, with the S & P 500 bouncing back more than 20% from the April low to reach three all-time highs in the past four sessions. Goldman Sachs noted that this marked the index's fastest recovery ever from a decline of more than 15%. Now Goldman is optimistic that the latest move has legs, at least for the next few weeks. And several other banks, including Citigroup , JPMorgan , Barclays , Deutsche Bank and RBC , have all raised their year-end targets for the market. In a Tuesday note, BTIG analysts shared their highest conviction investment ideas for the next 12 months, including the following stocks: Starbucks , up 4% this year, was recommended by BTIG. The brokerage firm's price target of $105 per share is approximately 11% above where the coffee chain closed Wednesday. "While progress has taken longer to materialize, frustrating some investors with shares only slightly positive in the first half, we still believe it is happening and will set the stage for outsized same-store sales and earnings growth in 2026 and beyond," wrote BTIG analyst Peter Saleh. "The recovery trajectory now looks like it will emerge towards year-end 2025 and into the first half of next year. Granted this is further back than we expected six months ago, but we still expect it will catalyze shares once it does emerge." BTIG believes that shares of Dexcom could rise 30% from here, based on Wednesday's close. The maker of continuous glucose monitoring (CGM) systems has already risen 7.5% year to date, although the stock tumbled Tuesday after the Centers for Medicare and Medicaid Services proposed competitive bidding for CGM and infusion pump manufacturers. BTIG wrote on Tuesday that Dexcom remains its top large-cap stock pick for the second half of the year. "The company is continuing its turnaround, with positive trends from late last year persisting in Q1," wrote analyst Marie Thibault. "We believe DXCM is on the right track to meet expectations, return to high-teens or better sales growth in 2H25 and beyond, and meet its [lomg-range planning] targets. We think shares can continue to steadily re -rate throughout the rest of 2025 as DXCM gets back to its winning ways." Other stocks that BTIG rates highly include AppLovin , Capital One Financial and Snowflake .
Yahoo
09-04-2025
- Business
- Yahoo
McDonald's, Starbucks, and other US chains could face anti-American pushback, Wall Street fears
As companies scramble to respond to Trump's wide-ranging reciprocal tariffs, anti-American sentiment towards US brands is emerging as another concern. A baseline tariff of 10% went into effect on April 5, while higher reciprocal tariffs are set to begin on April 9. For food chains, the headwind from tariffs on commodity imports is relatively small, as many ingredients are domestically grown and most imports from Canada and Mexico are exempt under the United States-Mexico-Canada Agreement (USMCA). But brands like McDonald's (MCD), Yum! Brands (YUM), Starbucks (SBUX), and Domino's (DPZ) have exposure to international markets that could hurt them as customers pull back, BTIG analyst Peter Saleh said. "The bigger issue, in my mind, is the anti-American pushback in these countries on Western or US brands ... we'll see ... what companies say when they start reporting in the next couple of weeks, if they're starting to see that already," Saleh told Yahoo Finance. Goldman Sachs estimates that foreign boycotts overall will cut US GDP by 0.1% to 0.3% this year, meaning a hit of roughly $28 billion to $83 billion. Major fast food players were only beginning to turn the tide in their international business after the pandemic. China's "zero-COVID policy" lasted for three years, far longer than US policies. The stringent, prolonged shutdown had major implications for international sales. Last quarter, McDonald's global same-store sales grew 0.4%, compared to the 0.91% decrease that Wall Street expected. Its US same-store sales were down 1.4% year over year, as an E. coli outbreak offset momentum in late October. McDonald's international-owned stores saw positive same-store sales growth in the Middle East, which CFO Ian Borden attributed to the lapse of the impact of the Israeli conflict, plus growth in Japan and "encouraging signs of stabilization" in China. Starbucks is still struggling to see a rebound in its international business. For its Q1 results, total same-store sales was down 4% year over year. International same-store sales fell 4%, and China sales dropped 6%. Starbucks is facing a stagnant domestic economy and fierce local competition in China. CEO Brian Niccol said he visited and saw firsthand "how dynamic the market is and the opportunities ahead." Prior to Niccol joining, the team said it was in the "very early stages" of exploring joint ventures and strategic partnerships in technology, real estate, and supply chain in the country. For Yum China (YUMC), which separated from the US operation back in 2016, fourth quarter same-store sales fell 1% for KFC and 2% for Pizza Hut. CEO Joey Wat called it a "challenging environment" with "value-minded consumers." Domino's global retail sales grew 4.4% in its latest quarter. CFO Sandeep Reddy told investors, "As we look ahead to 2025, we continue to believe that global retail sales growth should be generally in line with 2024." International growth is a key component for fast food players, which have seen flagging foot traffic and appetite in the US as competition from fast casual players like Chipotle (CMG) ramp up. McDonald's put forth aggressive growth plans at the end of 2023, including expanding to 50,000 global restaurants by 2027, the fastest pace of growth in its 68-year history. That same year, it agreed to buy back Carlyle's minority ownership stake in its China business for a reported $1.8 billion. By 2025, Starbucks said it wanted to have 9,000 stores in China. As of the last quarter, the US and China make up 61% of the company's portfolio, with 17,049 and 7,685 stores in the two countries, respectively. Chipotle (CMG) is also expanding its footprint. In 2023, it announced a development agreement to open restaurants in the Middle East and accelerate its international expansion efforts. Yum! Brands' Taco Bell called international its "next growth engine" at its investor day last month, with plans to increase international store count to more than 3,000 by 2030, from 1,153 in 2024. But there could be a major speed bump ahead. "If the governments in those countries start to view US brands more negatively, they can slow-roll their approval process. They can deny them in certain areas, make it much more difficult for US brands to grow," Saleh said. He added that it's "hard to assess" when it'll be the case. "There could be some ... call it guilt by association," Tematica Research chief investment officer Chris Versace told Yahoo Finance. "The appetite for certain US brands could be diminished as a result of what we're seeing play out on the global economic and trade front." He added, "Take a look at what we're seeing with Elon Musk and Tesla, where people are ... openly protesting, people returning their Teslas." He posed the question, "Could we see something similar unfold with other well-known US brands in foreign markets?" — Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Click here for all of the latest retail stock news and events to better inform your investing strategy
