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 17.15

+0.58 +3.50%
Volume: 261,255
Track CBRL

CHUX 1.69

-0.06 -3.43%
Volume: 105,925
Track CHUX

CMG 46.31

+0.68 +1.49%
Volume: 323,957
Track CMG

DRI 16.48

+0.20 +1.23%
Volume: 1,643,177
Track DRI

EAT 6.05

+0.16 +2.72%
Volume: 777,319
Track EAT

PNRA 43.22

-0.62 -1.41%
Volume: 720,478
Track PNRA

RT 1.30

+0.17 +15.04%
Volume: 343,301
Track RT

TXRH 5.26

+0.12 +2.33%
Volume: 419,156
Track TXRH


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