Restaurant IPOs Losing their Luster?

by Broad Street | Published 02/03/2016 | Financial News, The Restaurant Business

Are restaurant chain IPOs losing their luster? After years of restaurant chains and their corporate owners cashing in with initial public offerings (IPOs), it appears the appetite on leveraging restaurants to the public via stock sales has been sated lately. Our favorite restaurant industry reporter, Jonathan Maze, at Nation’s Restaurant News, writes that several planned […]

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Some Restaurants Aren’t Giving Thanks

by Broad Street | Published 11/23/2015 | Financial News, The Restaurant Business

As we approach Thanksgiving, some in the restaurant industry aren’t feeling very thankful. Ruby Tuesday has announced the closing of 11 Lime Fresh Mexican Grill locations, Noodles & Company is closing 16 “under-performing” units, and Ignite Restaurant Group, owner of the Joe’s Crab Shack brand among others, is closing seven locations as the line suffers […]

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Does the Emperor Have No Clothes? Chipotle Stumbles

by Broad Street | Published 10/26/2015 | Financial News, The Restaurant Business

Media darling Chipotle apparently isn’t the darling anymore thanks to a variety of setbacks, including a spat with a pork supplier who was not following the company’s animal welfare guidelines, declining visits and slowed growth. Wall Street has yawned and the co-CEOs Monty Moran and Jack Hartung (considered by some as among the most-overpaid execs […]

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Lying Doesn’t Boost Stocks

by Broad Street | Published 10/07/2015 | Financial News, Opinion

Reading corporate executive blather proffered during investor calls is often funnier than Comedy Central’s “Daily Show.” Take this excellent article by Jonathan Maze in Nation’s Restaurant News about the plunging share price of Dunkin’ Donuts. Dunkin’ sales are off, and traffic is down. The company is just now “testing” mobile ordering apps, and admits it […]

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IPO Activity in the Food Sector

by Broad Street | Published 10/01/2015 | Acquisitions, Financial News, Grocery Stores, The Restaurant Business, Vending

Two major IPOs (initial public offerings) are headed for the food sector: Albertson’s in the traditional grocery segment, and Performance Food Group in the foodservice channel. The Albertson’s IPO will make the second-largest grocery chain (after Kroger) publicly-traded company. Albertson’s has over 2,200 doors under its own banner, as well as Safeway, Von’s, Jewel-Osco, Acme […]

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