Raymond James Downgrades 8 Restaurant Stocks Today

September 4, 2008 1:53 PM EDT

Raymond James downgraded a number of restaurant stocks today:

  • Texas Roadhouse (Nasdaq: TXRH) from Strong Buy to Outperform
  • Panera Bread (Nasdaq: PNRA) from Outperform to Underperform
  • Brinker International (NYSE: EAT) from Strong Buy to Market Perform
  • Chipotle Mexican Grill (NYSE: CMG) from Market Perform to Underperform
  • Ruby Tuesday (NYSE: RT) from Market Perform to Underperform
  • O'Charley's (Nasdaq: CHUX) from Outperform to Market Perform
  • CBRL Group (Nasdaq: CBRL) from Outperform to Underperform
  • Darden Restaurants (NYSE: DRI) from Outperform to Market Perform


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Downgrades

Stocks Mentioned

CBRL 20.19

+0.68 +3.49%
Volume: 482,756
Track CBRL

CHUX 3.20

-0.05 -1.54%
Volume: 95,606
Track CHUX

CMG 56.79

-1.72 -2.94%
Volume: 436,513
Track CMG

DRI 27.61

+0.15 +0.55%
Volume: 1,874,034
Track DRI

EAT 10.95

+0.60 +5.80%
Volume: 2,611,743
Track EAT

PNRA 51.95

+1.16 +2.28%
Volume: 552,473
Track PNRA

RT 1.38

-0.11 -7.38%
Volume: 805,605
Track RT

TXRH 8.36

+0.35 +4.37%
Volume: 419,330
Track TXRH


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