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Mizuho Securities favors US restaurant stocks ahead of earnings

Investing.com · ·by G4L

TXRH
TXRH Texas Roadhouse Inc
$188.16 -1.24%
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BROS BROS -2.00%BJRI BJRI -3.67%
  1. 1Mizuho Securities expects Dutch Bros, BJ's Restaurants, and Texas Roadhouse to record stronger sales growth than analyst estimates.
  2. 2Dutch Bros' 6.3% third-quarter same-store sales growth rate exceeds the third-quarter analyst consensus estimate of 6.0%.
  3. 3Mizuho Securities is lowering its price target for Dutch Bros from its previous target of $80 to $65.

So what's the key point?

Mizuho Securities expects sales for restaurant companies like Dutch Bros to be higher than what experts predicted. However, the price target for Dutch Bros has been lowered from $80 to $65.

Source Investing.com · View original ↗

Related 3-line summaries

Comparing Growth of Dutch Bros and On: Competition in Coffee and Premium Footwear Markets The Motley Fool +1 · yesterdayDutch Bros records $549.8 million in Q3 revenue as stock price falls over 40% annually The Motley Fool +2 · 3d agoBJ's Restaurants records $359 million in Q3 revenue, marking 9 consecutive quarters of growth The Motley Fool +1 · 4d ago
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