As a result of the acquisition, we're raising our fair value estimate on the wide-moat online retailer.
Three sources of upside will lead to an increase in our fair value estimate for the wide-moat firm.
We think the company’s network effect has strengthened.
Though it has improved its competitive position more than many retailers, the firm will continue to face pressure from Amazon on many of its product and service initiatives, limiting growth and margin expansion potential.
An emphasis on performance goods, improved online sales capabilities, an expanded private label assortment, and youth sports emphasis are enough to put the company on the list of retailer survivors the next 10 years.
Blue Apron, HelloFresh, and Home Chef may have seemed like fads, but they could have interesting implications across the grocery, CPG, restaurant, and online retail space.
We see new growth avenues for CPG companies and online retailers.
The firm may be spending heavily, but strong grown and consumer engagement trends show these dollars are being well spent, writes Morningstar’s R.J. Hottovy.
We're planning to raise our $425 fair value estimate, but still sees the shares as too pricey.
We expect to increase our fair value estimate of the firm, but prefer a wider margin of safety before adding to positions.
The wide-moat firm is one of the most direct ways to invest in Chinese consumers’ increased spending.
The wide-moat company is one of the best ways to play the improving consumer disposable income trends in the region.
JAB's acquisition of the narrow-moat company could lead to international Panera locations, accelerated delivery hub openings offering a greater assortment, a wider packaged good selection in the mass merchant channel, and more.
While it is hard to handicap if a deal will happen, there has been an uptick in restaurant M&A in the last few months and it's easy to see that Panera would be an attractive target.
An acquirer would probably be attracted to the narrow-moat company's industry-leading loyalty program engagement and digital sales penetration, expanding delivery capabilities, a growing at-home business, and a potential refranchising/leveraged recap play.
Cheddar's value reputation, restaurant layout, and target audience complement the company's existing portfolio.
Though North American headwinds are unlikely to abate soon, the wide-moat company remains well positioned for the long term.
The margin expansion opportunity for this specialty retailer will become more apparent as 2017 progresses.
While the new Best Buy 2020 plan emphasizes growth focused on multichannel capabilities, products and services that address customer needs, and accelerated Canada and Mexico expansion, these initiatives will not be enough to overcome longer-term structural issues.
The company's digital and other improvements better position the platform for growth.
We wouldn't require much margin of safety before taking a position in this narrow-moat firm.
Strong gross margins in the fourth quarter boost our confidence that the firm will be able to leverage Prime, third-party sales and AWS to higher margins in the years to come.
Tech innovations are set to accelerate Starbucks' growth despite an uneven U.S. retail traffic landscape.
We're taking a more conservative approach to the 2017 outlook than the firm's, but we're not planning changes to our fair value estimate.
Management improvements, operational enhancements, and a strong cash return profile should keep this stock on the radar.
We'd prefer a wider margin of safety, but we view the firm as one of the more diversified long-term cash flow stories across our global coverage.
We plan to raise our $128 fair value estimate and think longer-term investors should keep McDonald's on the radar screen.
While comps are improving, but it's getting more expensive for the narrow-moat company to drive restaurant traffic.
The sale of the firm’s China operations to partners with more expertise in the region should enable faster unit growth, but we aren’t changing our wide moat rating or fair value estimate.
The wide-moat company is a way to play emerging-market growth around the globe.
We see two key reasons to feel optimistic about the company’s fourth quarter.
Average selling price increases across most categories, improved basketball sales, and strong top-line momentum in China and other emerging markets suggest the wide-moat brand retains its dominance.
We think these factors make the firm one of the most compelling growth and margin-expansion stories in the consumer sector today.
The wide-moat online retailer's well-earned reputation for convenience--a component of our brand-intangible asset moat source--could be enhanced by checkout-free shopping.
The market isn't giving the narrow-moat restuarant enough credit for its ability adapt to evolving consumer expectations over the next several years.
We’re maintaining our wide moat rating and fair value estimate for the company given its deep bench of management talent.
Election results haven’t changed the cash flow prospects of our favorite names.
Post-election uncertainty could create attractive buying opportunities amid global consumer names.
We expect the fast-casual restaurant category in general to outpace the broader restaurant industry over the next several years.
We view Starbucks as one of the most attractively priced stocks in the consumer space today.
Despite fulfillment and content investments, we have no plans to change our $900 fair value estimate.
Investors should wait for a larger margin of safety before buying shares of Chipotle given the risks involved in the firm’s bid to win back customers.
Third-quarter results reinforce its brand intangible asset.
The company delivered a better than expected third quarter, but investors must be aware that tougher comparisons loom.
EBay's focus on improving its brand positioning and user experience is encouraging, but structural headwinds remain.
Both Yum China and the new Yum Brands are finding ways to drive impressive core operating profit gains.
While softer future orders are grabbing headlines, the wide-moat company's manufacturing and mobile efforts will drive future demand and pricing power.
Lessons from the next generation of moats in the fast-casual restaurant industry.
CEO Jim Chambers' surprising decision may indicate that the board wants to find the appropriate person to oversee Weight Watchers' growth plans over the next several years.
Best Buy is set up for a solid fiscal 2017 finish, but evidence of structural industry headwinds lingers.