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Steve West, Stifel Nicolaus

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Slow, steady growth paying off for Darden (The Orlando Sentinel - Business) - Mar 09, 2010

But industry watchers say the Fortune 500 company with annual sales of $7.2 billion will benefit from its measured approach. "The big, well positioned players like Darden that are very disciplined in their growth are going to find a lot of opportunities at the expense of people who don't have the same financial strength," said Rick Van Warner, a former company spokesman who now is president of a consulting firm. Darden has been growing its restaurants at a rate of between 3 percent and 4 percent. A few years ago, it was lagging behind many other major chains, which were "far outstripping the growth of consumer spending and even the growth of population," said Steve West, a restaurant industry analyst for the investment firm Stifel Nicolaus. Restaurant experts say that in their haste to grow quickly, some of those chains ended up in bad locations or had trouble finding good managers 
Recent Research on Darden Restaurants, Inc. (DRI)
Q2 2010 Darden Restaurants Earnings Conference Call (Thomson Street Events)- Dec 18, 2009
Darden Restaurants, Inc. (Moody's Global Credit Research)- Nov 26, 2009
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Share:  A few years ago, it was lagging behind many other major chains, which were "far outstripping the growth of consumer spending and even the growth of population," said <span class="analyst">Steve West</span>, a restaurant industry analyst for the investment firm Stifel Nicolaus. Tweet this 

Asia cited as McDonald’s sales top estimates (Financial Post, Canada) - Mar 08, 2010

"We estimate the weather hurt sales by at least 1% to 2% in the U. S., so the positive same store comp was very encouraging and bodes well for future sales trends," said Steve West, an analyst at Stifel Nicolaus in St. Louis. McDonald'sstock had gained 2% this year before Monday. Wendy's/Arby's Group said that snowstorms across the central and eastern United States stifled its February sales. Snowstorms also cut into McDonald's U. S sales in January, Jim Skinner, chief executive, said on a Jan. 22 conference call. McDonald's global sales were projected to rise 4%, the average of estimates from analysts at Jefferies & Co., Robert W. Baird & Co., Janney Montgomery Scott and Telsey Advisory Group. 
Recent Research on McDonald's Corporation (MCD)
McDonald's Corporation Analyst Meeting (Thomson Street Events)- Nov 12, 2009
Q3 2009 McDonald's Corporation Earnings Conference Call (Thomson Street Events)- Oct 22, 2009
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Share:  "We estimate the weather hurt sales by at least 1% to 2% in the U. S., so the positive same store comp was very encouraging and bodes well for future sales trends," said <span class="analyst">Steve West</span>, an analyst at Stifel Nicolaus in St. Louis. Tweet this 

McDonald's Sales Top Estimates on Chinese New Year (BusinessWeek) - Mar 08, 2010

"We estimate the weather hurt sales by at least one to two percent in the U. S., so the positive same store comp was very encouraging and bodes well for future sales trends," said Steve West, an analyst at Stifel Nicolaus in St. Louis. McDonald's rose $1.42, or 2.2 percent, to $65.09 at 10:27 a.m in New York Stock Exchange composite trading. The stock had gained 2 percent this year before today. Wendy's/Arby's Group said that snowstorms across the central and eastern U. S stifled its February sales. 
Share:  "We estimate the weather hurt sales by at least one to two percent in the U. S., so the positive same store comp was very encouraging and bodes well for future sales trends," said <span class="analyst">Steve West</span>, an analyst at Stifel Nicolaus in St. Louis. Tweet this 

Burger King pulling slice from double cheeseburger (Reuters US News) - Feb 17, 2010

That's six days after the company raises the price of the $1 double cheeseburger to a suggested $119 Burger King and McDonald's have successfully used $1 burgers to lure diners into stores McDonald's raised the price of its popular double cheeseburger to a suggested $119 from $1 in December 2008 Stifel Nicolaus analyst Steve West estimated that every cheese slice costs 1 cent to 2 cents translating into roughly 1 to 2 percent of the gross revenue from double cheeseburgers 
Share:  <span class="company">McDonald's</span> raised the price of its popular double cheeseburger to a suggested $119 from $1 in December 2008 Stifel Nicolaus analyst <span class="analyst">Steve West</span> estimated that every cheese slice costs 1 cent to 2 cents Tweet this 

Chipotle Mexican Grill (CMG) Upgraded To Buy, Shares Up Nearly 4% (Benzinga) - Feb 12, 2010

Stifel Nicolaus analysts Steve West and Matthew Van Vliet upgraded their rating of restaurant operator Chipotle Mexican Grill, Inc. (NYSE: CMG) to Buy and increased their target price for the company from $97 to $112 based on a strong 4th quarter. Chipotle Mexican Grill's 4th quarter 2009 earnings per share of 99 cents beat consensus estimates by 18 cents 
Recent Research on Chipotle Mexican Grill, Inc. (CMG)
Chipotle Mexican Grill, Inc. at ICR XChange (Thomson Street Events)- Jan 13, 2010
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Share:  Stifel Nicolaus analysts <span class="analyst">Steve West</span> and Matthew Van Vliet upgraded their rating of restaurant operator Chipotle Mexican Grill, Inc. (NYSE: CMG) to Buy and increased their target price for the company from $97 to $112 based on a strong 4th quarter. Tweet this 

Wall Street Chokes On Mixed Profits From Restaurants (Investor's Business Daily) - Feb 11, 2010

Sit Downs Didn't Cut Prices Despite lukewarm results, casual sit down restaurants such as Cheesecake and BJ's were able to weather the downturn and a sour consumer because they protected their brand image, said Stifel Nicolaus analyst Steve West 
Recent Research on BJ's Restaurants, Inc. (BJRI)
BJ's Restaurants, Inc. at ICR XChange (Thomson Street Events)- Jan 14, 2010
Q3 2009 BJ's Restaurants, Inc. Earnings Conference Call (Thomson Street Events)- Oct 22, 2009
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Share:  Sit Downs Didn't Cut Prices Despite lukewarm results, casual sit down restaurants such as Cheesecake and <span class="company">BJ</span>'s were able to weather the downturn and a sour consumer because they protected their brand image, said Stifel Nicolaus analyst <span class="analyst">Steve West</span> Tweet this 

Sit Downs Didn't Cut Prices Despite lukewarm results, casual sit down restaurants such as Cheesecake and BJ's were able to weather the downturn and a sour consumer because they protected their brand image, said Stifel Nicolaus analyst Steve West 
Recent Research on The Cheesecake Factory Inc. (CAKE)
Q3 Fiscal 2009 Earnings Conference Call (Thomson Street Events)- Oct 22, 2009
more research
Share:  Sit Downs Didn't Cut Prices Despite lukewarm results, casual sit down restaurants such as <span class="company">Cheesecake</span> and BJ's were able to weather the downturn and a sour consumer because they protected their brand image, said Stifel Nicolaus analyst <span class="analyst">Steve West</span> Tweet this 

Are $1 burgers doing in Burger King? (Bradenton Herald) - Feb 04, 2010

While this performance was for the same 11 week period ending Jan 3, the big difference is that it was compared to the 12 weeks ended Oct 11, 2009 Plus, Burger King's numbers were adjusted for seasonality and RSI's numbers were not "We're going to find out really quickly who is right," said Steve West, restaurant industry analyst with Stifel Nicolaus, who last fall lowered his rating on Burger King's stock to a hold "`I think the promotion is losing its effectiveness The consumer is getting tired of this"' Burger King declined to discuss the double cheeseburger's performance, citing a quiet period prior to today's release of second quarter earnings 
Recent Research on Burger King Holdings, Inc. (BKC)
Burger King 2009 Annual Shareholders Meeting (Thomson Street Events)- Nov 19, 2009
Q1 2010 Burger King Earnings Conference Call (Thomson Street Events)- Oct 29, 2009
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Share:  "We're going to find out really quickly who is right," said <span class="analyst">Steve West</span>, restaurant industry analyst with Stifel Nicolaus, who last fall lowered his rating on <span class="company">Burger King</span>'s stock to a hold Tweet this 

Burger King franchisees say dollar deal cuts into profits (Boston Herald - Business & Markets) - Feb 03, 2010

"We're going to find out really quick who is right," said Steve West, a restaurant industry analyst with Stifel Nicolaus, who last fall lowered his rating on Burger King's stock to a "hold" 
Share:  "We're going to find out really quick who is right," said <span class="analyst">Steve West</span>, a restaurant industry analyst with Stifel Nicolaus, who last fall lowered his rating on <span class="company">Burger King</span>'s stock to a "hold" Tweet this 

Burger King, franchisees clash over $1 burger deal (MiamiHerald.com: Business) - Feb 03, 2010

``We're going to find out really quickly who is right,'' said Steve West, restaurant industry analyst with Stifel Nicolaus who last fall lowered his rating on Burger King's stock to a ``hold'' ``I think the promotion is losing its effectiveness The consumer is getting tired of this'' Burger King declined Tuesday to discuss the double cheeseburger's performance, citing a quiet period prior to Thursday's release of second quarter earnings The chain also declined to validate any of the performance information presented to The Miami Herald by franchisees, who had received the data from the company in preparation for a Marketing Excellence Advisory Committee meeting ``Any internal documents are proprietary and confidential information meant for internal use only and can contain data that is non public material information,'' company spokeswoman Susan Robison said in an e mail 
Share:  ``We're going to find out really quickly who is right,'' said <span class="analyst">Steve West</span>, restaurant industry analyst with Stifel Nicolaus who last fall lowered his rating on <span class="company">Burger King</span>'s stock to a ``hold'' ``I think the promotion is losing its effectiveness Tweet this 

$1 menus a hard trend to buck (San Diego Union Tribune) - Jan 27, 2010

So are the $1 offerings This month, Sonic launched its dollar menu while McDonald's added breakfast items to its cut rate fare "A lot of these guys have had dollar menus for years," said Steve West, an analyst who tracks fast food for St Louis based Stifel Nicolaus "But they've become a much bigger force" These menus are growing at roughly the same rate as Americans' waistlines, although some healthy $1 options exist — McDonald's yogurt parfait, say, or mandarin oranges at Wendy's 
Share:  "A lot of these guys have had dollar menus for years," said <span class="analyst">Steve West</span>, an analyst who tracks fast food for St Louis based Stifel Nicolaus Tweet this 

So are the $1 offerings This month, Sonic launched its dollar menu while McDonald's added breakfast items to its cut rate fare "A lot of these guys have had dollar menus for years," said Steve West, an analyst who tracks fast food for St Louis based Stifel Nicolaus "But they've become a much bigger force" These menus are growing at roughly the same rate as Americans' waistlines, although some healthy $1 options exist — McDonald's yogurt parfait, say, or mandarin oranges at Wendy's 
Recent Research on Sonic Corporation (SONC)
Sonic Corp. at Cowen and Company Consumer Conference (Thomson Street Events)- Jan 11, 2010
Q1 2010 Sonic Corp. Earnings Conference Call (Thomson Street Events)- Jan 05, 2010
Q4 2009 Sonic Corp. Earnings Conference Call (Thomson Street Events)- Oct 20, 2009
more research
Share:  "A lot of these guys have had dollar menus for years," said <span class="analyst">Steve West</span>, an analyst who tracks fast food for St Louis based Stifel Nicolaus Tweet this 

Investors try again to reel in Rubio's (San Diego Union Tribune) - Jan 27, 2010

The letter noted that the investors wouldn't need outside financing for the deal Meruelo and an affiliate, Luis Armona, own 116 percent of Rubio's stock and as such, represent the company's largest noninstitutional shareholder, the letter said The company's stock closed yesterday at $777 a share, up from $730 on Friday and its highest level since it hit $784 on Oct 22 Steve West, a restaurant analyst with Stifel Nicolaus, said he suspects that Rubio's board may be trying to get a better price for the company "One of two things could be happening: Management really believes it's worth a lot more or they're trying to squeeze a little more money out of the group for their shareholders," West said 
Recent Research on Rubio's Restaurants, Inc. (RUBO)
Q3 2009 Rubios Restaurants Earnings Conference Call (Thomson Street Events)- Nov 04, 2009
more research
Share:  <span class="analyst">Steve West</span>, a restaurant analyst with Stifel Nicolaus, said he suspects that <span class="company">Rubio's</span> board may be trying to get a better price for the company Tweet this 

U.S. chief named McDonald's president (ChicagoTribune.com - Business) - Jan 11, 2010

Thompson, 46, succeeds Ralph Alvarez, 55, who surprised Wall Street last month by announcing his retirement because of health problems Thompson was one of three McDonald's executives seen as contenders to succeed Alvarez, although one analyst said it was somewhat of a surprise Several analysts Monday praised the decision to promote Thompson "This will be well received on (Wall) Street," said Steve West, an analyst at Stifel Nicolaus "I think it's a big positive 
Share:  "This will be well received on (Wall) Street," said <span class="analyst">Steve West</span>, an analyst at Stifel Nicolaus "I think it's a big positive Tweet this 

McDonald's: US operations chief named president (Chicago Tribune) - Jan 11, 2010

Thompson, 46, succeeds Ralph Alvarez, 55, who surprised Wall Street last month by announcing his retirement because of health problems Thompson was one of three McDonald's executives seen as contenders to succeed Alvarez, although one analyst said it was somewhat of a surprise Several analysts Monday praised the decision to promote Thompson "This will be well received on (Wall) Street," said Steve West, an analyst at Stifel Nicolaus "I think it's a big positive 
Share:  "This will be well received on (Wall) Street," said <span class="analyst">Steve West</span>, an analyst at Stifel Nicolaus "I think it's a big positive Tweet this 

COO Ralph Alvarez Makes Surprising Exit Plans At McDonald's (MediaPost Publications) - Dec 02, 2009

"Seven orthopedic surgeries and years of chronic pain culminating in two total knee replacements in the past six months have made me realize it's time to move on," he said in a release. Alvarez was named to McDonald's board last year, and he has been increasingly visible at the company investor presentations. "Most people thought Ralph was being groomed to take over for Skinner," said Stifel Nicolaus analyst Steve West. "He's been an essential part of the team, and he as been there throughout (McDonald's) turnaround," said Oppenheimer & Co analyst Matthew DiFrisco. 0 people recommend this article 
Share:  "Most people thought Ralph was being groomed to take over for Skinner," said Stifel Nicolaus analyst <span class="analyst">Steve West</span>. "He's been an essential part of the team, and he as been there throughout (<span class="company">McDonald</span>'s) turnaround," said Oppenheimer & Co analyst Matthew DiFrisco. Tweet this 

McDonald's No. 2 exec to retire (ChicagoTribune.com - Business) - Dec 01, 2009

Analysts note that Alvarez has been gradually assuming more responsibility. Last year he was named to McDonald's board, and he has been increasingly visible at company presentations to the investment community, they said. "Most people thought Ralph was being groomed to take over for Skinner," said Steve West, a stock analyst at Stifel Nicolaus. Alvarez's health issues "must have been pretty severe for him to walk away.". McDonald's geographic operations chiefs who reported to Alvarez will report directly to Skinner. 
Share:  "Most people thought Ralph was being groomed to take over for Skinner," said <span class="analyst">Steve West</span>, a stock analyst at Stifel Nicolaus. Tweet this 

McDonald's No. 2 executive to retire at end of year (Chicago Tribune) - Dec 01, 2009

Analysts note that Alvarez has been gradually assuming more responsibility. Last year he was named to McDonald's board, and he has been increasingly visible at company presentations to the investment community, they said. "Most people thought Ralph was being groomed to take over for Skinner," said Steve West, a stock analyst at Stifel Nicolaus. Alvarez's health issues "must have been pretty severe for him to walk away.". McDonald's geographic operations chiefs who reported to Alvarez will report directly to Skinner. 
Share:  "Most people thought Ralph was being groomed to take over for Skinner," said <span class="analyst">Steve West</span>, a stock analyst at Stifel Nicolaus. Tweet this 

Peet's Raises Offer for Diedrich to $32.50 a Share (Bloomberg) - Dec 01, 2009

While the company may raise its offer, it can't match Green Mountain, Steve West , an analyst with Stifel Nicolaus & Co in St. Louis, said Nov. 25.  
Recent Research on Green Mountain Coffee Roasters Inc (GMCR) more research
Share:  While the company may raise its offer, it can't match <span class="company">Green Mountain</span>, <span class="analyst">Steve West</span> , an analyst with Stifel Nicolaus & Co in St. Louis, said Nov. 25. Tweet this 

Peet's Coffee Raises Its Offer for Diedrich to $32.50 a Share (Bloomberg) - Dec 01, 2009

While the company may raise its offer, it "can't match Green Mountain," Steve West , an analyst with Stifel Nicolaus & Co in St. Louis, said in a Nov. 25 interview.  
Share:  While the company may raise its offer, it "can't match <span class="company">Green Mountain</span>," <span class="analyst">Steve West</span> , an analyst with Stifel Nicolaus & Co in St. Louis, said in a Nov. 25 interview. Tweet this 

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Steve West

Stifel Nicolaus

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