Barclays just hosted its 2017 Eat, Sleep, Play Conference, focusing in on a number of restaurant players. Jeffrey Bernstein, Senior Restaurant Analyst at Barclays was with us to discuss the biggest takeaways from the event.
Despite believing that Shake Shack is head of the class in the better-burger category, Bernstein is maintaining his "Equal Weight" rating for the stock. The analyst points to the fact its shares trade at much higher valuations than its peers. However, he says this is mostly justified because of the rate Shake Shack is opening up stores and growing revenue.
Bernstein also touches on Domino's Pizza and how the chain stacks up against Papa John's and Pizza Hut. Recently, Papa John's said sales were impacted by the kneeling in the NFL. Bernstein says Domino’s was not willing to make a comment like that. He adds Domino's is still bullish on advertising in big sports events because it is still generating a return for them. They are, however, starting to do a lot more online marketing, says Bernstein.
March was a blockbuster month for jobs, with 303,000 new positions – and paired with slower wage growth, an economist and a portfolio manager agree this could be the ‘best of both worlds.’
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e.l.f.’s affordable price point and makeup and skincare options made it a social media darling – and the company’s CEO says the company even gets product ideas from its audience.
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Disney shareholders have rallied behind longtime CEO Robert Iger. They voted Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo.
