Loop Capital Reiterates Buy Rating on McDonald's (MCD)

Loop Capital analyst Alton Stump reiterated a Buy rating and $346.00 price target on McDonald's (NYSE: MCD)

The analyst comments "Our latest McDonald’s U.S. franchisee checks indicate same-store sales recovered nicely to date in 2Q. We completed our latest round of checks with U.S. franchisees for McDonald’s. Per our contacts, same-store sales grew 2.0-2.5% to date in 2Q, which is tracking in line with our full-2Q estimate for 2.0% growth but slightly below consensus at up 2.7%. However, our contacts expect same-store sales growth to accelerate over the remainder of the quarter via the recent launch of chicken strips and the upcoming introduction of snack wraps. On a 2-year stacked basis, 2.0-2.5% higher same-store sales QTD equates to 1.3-1.8% growth, compared to MCD’s reported 2-year stacked decline of 1.1% in 1Q25. Implied 3-year stacks of 11.6-12.1% to date in 2Q represent a slight acceleration from MCD’s reported 3-year stacks of 11.5% in 1Q. We are maintaining our BUY rating and PT of $346 on MCD, based on ~19.5x our 2025 EV/EBITDA estimate."

For an analyst ratings summary and ratings history on McDonald's click here. For more ratings news on McDonald's click here.

Shares of McDonald's closed at $314.48 yesterday.

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