sonic

Domestic hamburger QSRs should see a significant improvement in near-term SSS as they begin to lap the heavy national discounting of $1 double cheeseburgers a year ago, Morgan Stanley reports. “Because regional burger operators were the largest share donors last year, we'd expect to see the...

RBC Capital Markets has upgraded the following companies from Sector Perform to Outperform: Sonic (NASDAQ: SONC) price target raised from $10 to $12 Jack In The Box (NASDAQ: JACK) price target raised from $22 to $28

Casual dining SSS trends for August were +0.6%, reflecting 1.9% traffic and showing a slight dip +0.9% from July, but according to Piper Jaffray August was still better than 2Q when traffic measures deteriorated. Piper Jaffray sees opportunities in Casual Dining, but prefers limited service and...