There always seems to be restaurant news on the menu. Let's take a look at some of this week's more appetizing stories.
The wings are there so you can fly
Shares of Buffalo Wild Wings
Collier feels that the company is bucking the trends of negative comps and eroding margins that have become contagious outside of the fast food space. The company has healthy momentum heading into the lively football season, where chicken wings move as quickly as Devin Hester on a punt return.
Et tu, sushi?
Teppanyaki master Benihana
Those crafty Benihana tableside chefs can turn onions into simmering volcanoes and toss shrimp tails into their pockets, but they can't make profits grow if patrons aren't coming. Margins were squeezed during the quarter, with earnings of $0.12 a share coming in well below last year's $0.25 a share showing.
Lobsters aren't the only ones seeing red
As a casual dining bellwether, Darden Restaurants
Same-store sales fell at all of its key concepts except Olive Garden. With Darden now expecting to earn an adjusted $0.60 a share to $0.62 a share for its latest quarter, far shy of the $0.75 a share that Wall Street anticipated, investors may not warm up to the casual dining space as a turnaround investment. Until Darden hits bottom -- unlike its bottomless soup, salad, and breadstick lunch specials at Olive Garden -- investors will want to tread cautiously here.
Biscuits? You've got to know when to fold 'em
The new Kenny Rogers CD is out, with a twist. The country legend's Kenny Rogers: 50 Years is being sold exclusively through CBRL Group's
The move may not be as bold as some the music distribution deals you see at Starbucks
Shares of Jamba Juice parent Jamba
No, the showing wasn't as smooth as the company's Orange Dream Machine. Comps fell by a sharp 7.3% at its company-owned stores, and Jamba ultimately posted a chunky charge-laden loss for the period.
However, investor optimism is poking its head out, given a recent shakeup at the top, along with last night's encouraging news that its "ready to drink" retail distribution deal with Nestle (OTC BB: NSRGY.PK) is doing so well that Nestle broke out televised ads in select markets this summer.
Jamba is clearly threatened by Starbucks' and fast-food chains' recent moves into the smoothie realm, but have you tried those Starbucks Vivanno smoothies? Maybe I just caught the Orange Mango Banana Vivanno at a bad time this week, but it's definitely not up to snuff with the kind of treats that Jamba Juice and Smoothie King are serving.
Check out this week's dessert specials:
Buffalo Wild Wings is a Motley Fool Hidden Gems pick. Starbucks is a Motley Fool Inside Value recommendation. Starbucks is a Motley Fool Stock Advisor selection. The Fool owns shares of Starbucks and Buffalo Wild Wings. Try any of our Foolish newsletters today, free for 30 days.
Longtime Fool contributor Rick Munarriz is the rare foodie that embraces restaurant chains. He does not own shares in any of the companies in this story, save for Jamba and CBRL Group. He is part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.