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The Latest Breaking News from Stephens

Upstart Posts Mixed Q3 Results, Transaction Volumes Miss Expectations; Analysts Cut Price Targets

Shares of Upstart Holdings Inc (NASDAQ:UPST) nosedived in early trading on Wednesday, after it released mixed third-quarter results.

Benzinga

Chipotle Misses Q3 Estimates: 'Traffic Reversal Presents Confounding Problem'

Shares of Chipotle Mexican Grill Inc (NYSE:CMG) continued to slide after the company Wednesday reported its third-quarter results.

Benzinga

Chipotle Aims To Spice Up Sales With Red Chimichurri Launch

Chipotle Mexican Grill (NYSE: CMG) will introduce Red Chimichurri as its next limited-time menu offering on September 30 across the U.S. and Canada. The sauce, featuring roasted garlic, cilantro, chili peppers and citrus, is intended to enhance Carne Asada and broaden flavor variety.

Benzinga

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Chipotle Mexican Grill Q2 Sales Decline, June-July Boost Keeps Analysts Bullish

Shares of Chipotle Mexican Grill Inc (NYSE:CMG) tanked in early trading on Thursday, after the company reported a revenue miss for the second quarter.

Benzinga

Can MSC Industrial Direct Turn Inflation Into Opportunity? Analyst Weighs In

MSC Industrial Direct Co Inc. (NYSE:MSM) is poised to benefit from "inflation-driven margin tailwinds" and a recovery in manufacturing volumes, according to a Stephens analyst.

Benzinga

Darden Restaurants Sets Up 2026 Guidance: Analyst Expects A 'Beat And Raise' Year

Shares of Darden Restaurants Inc (NYSE:DRI) tanked in early trading on Monday, after the company Monday reported its fiscal fourth-quarter results.

Benzinga

Hawksmoor for sale in deal that could value restaurant chain at £100m

Investment bank Stephens hired to find suitors for business, which wants to expand overseas operations

The Guardian - UK

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PayPal Q3 Is ‘All About’ New CEO’s Vision: 5 Analysts Explore Earnings, Prospects

Shares of PayPal Holdings Inc (NASDAQ: PYPL) rose in early trading on Thursday, after the company reported its third-quarter (Q3) results

Zenger

Is Starbucks Too Dependent On China? 5 Analyst Takeaways On Mixed Q3 Print, Outlook

Shares of Starbucks Corp rose in early trading on Wednesday, after the company reported mixed fiscal third-quarter (Q3) results

Zenger

Yellow is shutting down and headed for bankruptcy, the Teamsters Union says. Here's what to know

Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports

The Independent UK

Trucking company Yellow Corp. is reportedly preparing for bankruptcy. Here's what you need to know

After years of financial struggles, U.S. trucker Yellow Corp. is reportedly preparing for bankruptcy and seeing customers leave in large numbers

The Independent UK

Staff member death results in closure of popular Fife bakeries

THE death of a nightshift staff member at Stephens Bakery in Rosyth has resulted in all stores closing as a mark of respect.

The National (Scotland)

Trex's Price Target Cut By Several Analysts After Q2 Results

Barclays analyst Matthew Bouley lowered the price target for Trex Company Inc (NYSE:TREX) to $53 (a downside of 2.7%) from $63 while maintaining the Equal Weight ratings on the shares. The analyst stated that while de-stocking was anticipated by investors following AZEK Company Inc. (NYSE:AZEK) report, the magnitude of the impact on TREX's sales in 2022 with subsequent gross…

Benzinga

Stephens Lists How Affirm Is Set To Gain From Amazon's Shopping Extravaganza

Stephens analyst Vincent Caintic expects Affirm Holdings, Inc (NASDAQ:AFRM) to receive a vast GMV tailwind from incentives provided for using Affirm during Amazon.com Inc's (NASDAQ:AMZN) Prime Day (July 12-13). It includes $2 for scrolling through Affirm's hub and $25 credit for orders >$100. He thought Affirm would have a large share of Amazon Prime Day…

Benzinga

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Benzinga

Why This Analyst Says It's 'Simply A Good Time To Buy' Simply Good Foods

The recent pullback in Simply Good Foods Co.’s (NASDAQ: SMPL) shares offers “an attractive entry point” into a company offering stable growth in a volatile market, according to Stephens.

Benzinga

Stephens Analyst Remains Cautious On Fubo's Latest Launch - Read Why

Launching this weekend, Pick'em games will allow viewers to predict outcomes of live sporting events directly from the fuboTV Inc (NYSE:FUBO) streaming service, Stephens analyst Nicholas Zangler noted. For now, viewers can earn points and compete with friends. However, later it will introduce prizing, where he saw fubo can leverage unique partnerships and sponsorships…

Benzinga

Stephens Prefers These Software Security Stocks: CrowdStrike, CyberArk, KnowBe4, Okta, Zscaler - Read Why

Stephens analyst Brian Colley initiated coverage on five security software companies. Colley initiated CrowdStrike Holdings, Inc (NASDAQ:CRWD) with an Overweight and a $232 price target (47.4% upside). Colley saw the comprehensive and expanding product offering opening a large growing TAM with meaningful upsell/cross-sell opportunities. He saw a sizable underpenetrated opportunity in the cloud security market.…

Benzinga

Why This Old National Bancorp Analyst Is Turning Bullish

Cost savings from Old National Bancorp’s (NASDAQ: ONB) deal to merge with First Midwest Bancorp should be accretive to the bottom line “following the systems conversion in July,” according to Stephens.

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Benzinga

This Analyst Thinks Apollo Endosurgery's Valuation 'Does Not Assign Full Value' - Read Why

Stephens has reiterated an Overweight rating for Apollo Endosurgery Inc (NASDAQ:APEN) while increasing the price target from $8 to $9. "In our opinion, APEN's valuation does not assign full value to the promising ESS business or targeted opportunities for expanded device utilization and enhanced reimbursement longer term," says Stephens. The revision follows APEN's above…

Benzinga

Read How Analysts Reacted To Halliburton's Q1 Results

Analysts updated ratings and price target for Halliburton Company (NYSE:HAL) after Q1 results. Citi analyst Scott Gruber raised the price target to $48 (an upside of 19.6%) from $44 while maintaining the Buy rating on the shares. Gruber states that expectations for HAL were high coming into the quarter. The analyst utilizes 38% increments in…

Benzinga

Analysts Bump Up Price Target On This Sporting Goods Company - Read Why

Stephens analyst Daniel Imbro raised the price target on Academy Sports and Outdoors Inc (NASDAQ:ASO) to $70 from $68 and maintained an Overweight rating on the shares. The revised price target implies a 75% upside. The analyst cites the company's Q4 as another quarter of solid margin leverage. The analysts added that the current valuation…

Benzinga

Stephens Upgrades Azek To Overweight - Read Why

Stephens analyst Trey Grooms upgraded Azek Company Inc (NYSE:AZEK) to Overweight from Equal Weight and lowered the price target to $41 (an upside of 27%), from $47. Grooms notes the stock has pulled back about 33% year-to-date as the expectation for rising rates has led to a selloff of high growth, high multiple stocks. The…

Benzinga

Stephens Downgrades This Snack Food Manufacturing Company

Stephens analyst Ben Bienvenu downgraded Utz Brands Inc (NYSE:UTZ) to Equal Weight from Overweight with a price target of $18, down from $23, implying a 9.4% upside. Bienvenu notes that the company appears to set up to deliver lower than consensus EBITDA numbers in Q4 as margins pressures continue to linger. The analyst believes higher…

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