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 19.14

+0.50 +2.68%
Volume: 617,999
Track CBRL

CHUX 1.54

+0.01 +0.65%
Volume: 277,406
Track CHUX

CMG 50.76

+1.64 +3.34%
Volume: 498,372
Track CMG

DRI 18.86

+0.72 +3.97%
Volume: 2,984,457
Track DRI

EAT 6.50

-0.04 -0.61%
Volume: 1,635,910
Track EAT

PNRA 48.04

+2.11 +4.59%
Volume: 1,725,780
Track PNRA

RT 1.43

+0.05 +3.62%
Volume: 459,595
Track RT

TXRH 5.97

+0.02 +0.34%
Volume: 1,128,728
Track TXRH


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