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Raymond James Upgrades CMG, EAT, RRGB, CAKE; Downgrades BWLD

July 16, 2009 11:58 AM EDT
Get Alerts CMG Hot Sheet
Price: $3,111.97 +6.33%

Rating Summary:
    31 Buy, 15 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 8 | New: 1
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Raymond James made several rating changes on stocks in the Restaurant sector today:
  • Chipotle Mexican Grill (NYSE: CMG) upgraded all the way from Underperform to Outperform. Traders are cheering the upgrade today: the stock is currently up 2.7% to $84.11.
  • Brinker International (NYSE: EAT) upgraded from Market Perform to Outperform. Brinker shares are leading the group higher today, up 3.4% to $17.02.
  • Red Robin Gourmet Burgers (Nasdaq: RRGB) upgraded from Market Perform to Outperform. Shares of Red Robin most recently traded at $19.88, up 2.2% from yesterday's close.
  • Cheesecake Factory (Nasdaq: CAKE) upgraded from Underperform to Market Perform. Shares of Cheesecake Factory are down 1% to $17.36 today.
  • Buffalo Wild Wings (Nasdaq: BWLD) downgraded from Market Perform to Underperform. BWLD is down 1.9% to $33.44.

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