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The bank's price target implies more than 35% upside. Citi also increased its price target to $47 per share from $38, which implies more than 30% upside from Thursday's $36.06 close. The firm upgraded shares of the drive-through coffee company to buy from hold and raised its target price to $46 per share from $33. Dutch Bros stock has ticked up roughly 4% in 2024, lagging the broader market. The firm upgraded the conglomerate to buy and raises its price target to $115 per share from $91.13.

Persons: abate, Jon Tower, Brian Evans, TD Cowen, Cowen, Andrew M, Charles said, — Brian Evans, Chris O'Cull, Wesley Brooks, Brooks, Brandon Nispel, Nispel, Fred Imbert Organizations: CNBC, Warner Bros, Discovery, HSBC, Citi, Cheesecake, Bros, MMM

☆ Buy these dividend-paying stocks as worries of a slowing economy linger, Wolfe says
▼ + stars: | 2023-08-29 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Wall Street anticipates upside of 16%, based on the average price target. Skyworks Solutions , which pays a dividend yield of about 2.5%, is on Wolfe's list. About 44% of the analysts covering the stock rate it a buy or a strong buy, according to Refinitiv. About 74% of the analysts covering the stock rate it a buy or a strong buy, per Refinitiv. The average analyst price target calls for upside of 16%.

Persons: Wolfe, Jerome Powell, CenterPoint, Harsh Kumar, Piper Sandler, Skyworks, McDonald's, Chris O'Cull, — CNBC's Michael Bloom Organizations: Wolfe Research, Federal, Kansas City, Skyworks Locations: Jackson Hole , Wyoming, Refinitiv

☆ Top Wall Street analysts are bullish on these five stocks
▼ + stars: | 2023-07-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Benoit Tessier | ReutersCava GroupFirst on this week's list is the Mediterranean restaurant chain Cava (CAVA), which made a blockbuster public debut last month. The rally in CAVA shares since its initial public offering reflects investors' optimism about the fast-casual restaurant chain's growth prospects. Stifel analyst Chris O'Cull initiated a buy rating on Cava with a price target of $48. The analyst estimates annual revenue growth of 20% during the next four years, driven by at least 15% growth in Cava's footprint. The survey revealed that Services' average revenue per user (ARPU) in the U.S. is $110, which is much higher than Daryanani's global estimate of $81.

Persons: Benoit Tessier, Chris O'Cull, O'Cull, TipRanks, Amit Daryanani, Daryanani, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Hari Organizations: Meta, Inc, Viva Technology, Porte de, Reuters, Cava, Apple, Apple Services, Services, Tigress Financial, TipRanks, Nvidia Semiconductor, Nvidia, US Locations: Porte, Paris, France, Cava, CAVA, U.S, Midwest

☆ JPMorgan says buy this 'well managed' Mediterranean restaurant chain with attractive expansion opportunities
▼ + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

JPMorgan is gaining confidence in shares of Cava even after its 80% post- initial public offering run. CAVA YTD mountain Cava shares since going public "We agree with the market's implicit positive view on the medium/long term story of CAVA," he wrote in a Monday note. Key to Ivankoe's investment rationale is Cava's well-managed model and large end-market opportunities as a Mediterranean chain. A Mediterranean 'category killer' Other Wall Street firm's also initiated coverage of Cava with overweight and buy ratings. Elsewhere, Stifel's Chris O'Cull called Cava a "compelling restaurant growth investment" with a justified premium valuation given its "impressive unit-level economics" and expansion opportunities.

Persons: John Ivankoe, CAVA, firm's, Alexander Slagle, Piper Sandler's Brian Mullan, Stifel's Chris O'Cull, Morgan, Brian Harbour, — CNBC's Michael Bloom Organizations: JPMorgan, D.C, Cava, Jefferies Locations: Cava, CAVA, Washington

☆ Domino's rolls out new service to deliver pizzas to places like beaches and parks
▼ + stars: | 2023-06-20 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +2 min

Franchisee Tom Peterson demonstrates a new Domino's Pizza Inc. app, part of their digital ordering system, at a Domino's "pizza theater" location in Jersey City, New Jersey. For the customer craving pizza while sunbathing on a beach or relaxing in a park, Domino's Pizza wants to make delivery as easy as it is at home. Domino's on Tuesday announced its new Pinpoint Delivery service, which allows customers nationwide to order to locations without a standard address. Domino's launched a similar pin-drop delivery technology called Domino's Anywhere through its master franchisee in Australia in 2017. The Pinpoint Delivery rollout will make the feature available for the first time in U.S. markets.

Persons: Tom Peterson, Christopher Thomas, Moore, Domino's, Danielle Bulger, Chris O'Cull Organizations: Inc, Tuesday, CNBC, Apple Locations: Jersey City , New Jersey, Domino's, U.S, Australia

☆ Jim Cramer explains why Domino's Pizza stock soared this week
▼ + stars: | 2023-06-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday explained why Domino's Pizza stock soared this week, going from $298 to $331, with a 6.5% gain on Thursday alone. Domino's has been struggling with a post-Covid hangover, Cramer said, plummeting last month to its lowest levels since the pandemic, where its delivery services became a popular option for those stuck at home. But besides the general hype about restaurant chains after Cava's successful initial public offering, Cramer thinks Domino's performed so well in part due to bullish reports released this week from analysts at Piper Sandler and Stifel. The analyst at Stifel, Chris O'Cull, upgraded Domino's from hold to buy, arguing the company will "will stabilize delivery sales and continue growing carryout sales to new record levels." "While the next earnings report likely won't be anything special—in other words, don't buy it for the next quarter—after these two terrific notes, I'm feeling like Domino's stock must be bottoming, right?"

Persons: CNBC's Jim Cramer, Domino's, Cramer, Piper Sandler, Stifel, Brian Mullen, Mullen, Chris O'Cull, O'Cull Locations: Stifel

It's time to buy Domino's Pizza, according to Stifel. O'Cull thinks that "over the next 12 months, the company will stabilize delivery sales and continue growing carryout sales to new record levels. The analyst pointed out that Domino's shares have "performed poorly since 2021 as delivery sales have declined." "Carry-out sales should continue to be a significant growth opportunity," O'Cull said. Domino's shares were up 2% Thursday during premarket trading.

Persons: Chris O'Cull, O'Cull, — CNBC's Michael Bloom

☆ Restaurants are expected to post strong earnings, but signs of trouble ahead could emerge
▼ + stars: | 2023-04-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

As restaurants prepare to present their first-quarter earnings, investors are anticipating strong results. When restaurants released their fourth-quarter reports in February, many touted impressive sales growth in January. Starting in the second quarter, restaurants will face comparisons to last year's sales bump driven by double-digit price increases, so they'll have to depend on higher traffic to drive sales growth. The relatively high valuations for restaurant stocks bring a downside for the industry, McCarthy said. Morgan Stanley's Harbour wrote that stocks could fall even on solid results "if the path forward is less clear."

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