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 20.75

+1.24 +6.36%
Volume: 732,389
Track CBRL

CHUX 3.24

-0.01 -0.31%
Volume: 203,851
Track CHUX

CMG 57.26

-1.25 -2.14%
Volume: 618,330
Track CMG

DRI 27.63

+0.17 +0.62%
Volume: 3,304,150
Track DRI

EAT 11.00

+0.65 +6.28%
Volume: 3,466,515
Track EAT

PNRA 52.05

+1.26 +2.48%
Volume: 981,294
Track PNRA

RT 1.43

-0.06 -4.03%
Volume: 983,510
Track RT

TXRH 8.47

+0.46 +5.74%
Volume: 909,785
Track TXRH


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