Skip to Content
Stock Analyst Update

The Week in Stocks: P.F. Chang's Still Cookin'

Plus, Int'l Speedway downshifts, Ryanair gets hostile, and more.

Mentioned: , , , , , , ,

Restaurateur P.F. Chang's China Bistro (PFCB) reported third-quarter revenue Wednesday. The top line increased 14% from the prior-year quarter, driven by the build-out of new restaurants. Same-restaurant sales at the core Bistro chain, which accounted for 80% of revenue, fell 0.5%, representing a modest improvement from the second quarter, in which comparable revenue dropped 1.0%. Pei Wei, the company's burgeoning fast-casual concept, also made some progress, with same-restaurant sales declining just 1.5% year-over-year versus a 3.9% decrease last quarter. Furthermore, Pei Wei's performance improved throughout the quarter, finishing the month of September with a 1.2% sequential gain in comparable revenue. Morningstar analyst John Owens is encouraged by these positive trends and remains confident in the company's strong long-term prospects. Thus, he's maintaining his fair value estimate.
 Full Analyst Report: P.F. Chang's

International Speedway Downshifts in Third-Quarter, But Doesn't Wreck
International Speedway (ISCA) reported decent third-quarter results Thursday, in Morningstar analyst Joel Bloomer's estimation. Admissions were a weak spot in the quarter, declining slightly from the year-ago period, with slack attendance at the Daytona International and Michigan International speedways damping results. The company's operating margin also fell slightly, to 29% from 30%, but this was mostly due to short-term legal costs and the timing of administrative expenses. Since Bloomer expects some profitability improvement in the fourth quarter, he believes his annual forecasts remain within reach. As such, he's maintaining his positive long-term view and fair value estimate for the company.  
 Full Analyst Report: International Speedway

Jeffrey Ptak does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.