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.
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
