John Glass

Morgan Stanley’s John Glass believes there are greater chances of YUM China (YUMC) being undervalued when Yum! Brands, Inc. (NYSE: YUM) spins of this business on October 31. Glass maintained an Equal-weight rating on the company, while raising the price target from $86 to $96. Value...

After market close on September 6, Pershing Square Holdings Ltd (AMS: PSH) disclosed that it owned a 9.9 percent stake in Chipotle Mexican Grill, Inc. (NYSE: CMG). Morgan Stanley’s John Glass maintains an Equal-Weight rating on Chipotle, with a price target of $405. Pershing Square also...

Morgan Stanley’s survey of 2,000 customers revealed the sales recovery at Chipotle Mexican Grill, Inc. (NYSE: CMG) would take longer than the market estimates, and could potentially be more costly, as the company might need to ramp marketing spend to lure customers back. Morgan Stanley...

Amid the heavy market selling on Tuesday, restaurant stocks have performed relatively well. Shares of Cheesecake Factory Inc (NASDAQ: CAKE), Chipotle Mexican Grill, Inc. (NYSE: CMG), McDonald’s Corporation (NYSE: MCD) and Sonic Corporation (NASDAQ: SONC) were all in the green on Tuesday...

Following a meaningful top-line miss for 1Q, Buffalo Wild Wings (NASDAQ: BWLD) reduced its FY16 EPS guidance by $0.33. Morgan Stanley’s John Glass maintains an Equal-Weight rating on the company, while lowering the price target from $173 to $151. Top-Line Concerns “After a promising...

It’s all about the risk/reward perspective, with shares of Jack in the Box Inc. (NASDAQ: JACK) down 16 percent year-to-date, and Restaurant Brands International Inc (NYSE: QSR) gaining 3 percent during the same period. Morgan Stanley's John Glass upgraded the rating for Jack in the...

Morgan Stanley’s John Glass upgraded the rating for Panera Bread Co (NASDAQ: PNRA) from Equal-weight to Overweight, while raising the price target from $204 to $250. Glass expressed optimism regarding the company’s digital initiatives resulting in above-consensus SSS and EPS growth in...

Shares of McDonald's Corporation (NYSE: MCD) hit a new 52-week high of $114.99 on Friday. McDonald's hosted an Investor Day presentation and released a press release titled "Executing The Turnaround Plan." Wall Street analysts were mostly positive following the presentation, although valuation was...

Shares of Yum! Brands, Inc. (NYSE: YUM) were trading lower by 16 percent shortly after Wednesday's opening bell. Yum Brands reported it earned $1.00 per share on revenue of $3.427 billion, well below the Street's estimates of $1.07 per share and $3.684 billion in revenue. The...

John Glass of Morgan Stanley argued in a note that shares of McDonald's Corporation (NYSE: MCD) could be worth $103 to $107 per share under a REIT structure. Glass noted that investor focus on retail/restaurant REIT conversions "seems to be increasing." Glass added that...

In a report published Thursday, Morgan Stanley analyst John Glass maintained an Equal-weight rating and price target of $82 on Yum! Brands, Inc. (NYSE: YUM). According to the Morgan Stanley report, "While the direct FX translation impact of the yuan devaluation on YUM's EPS is modest,...

In a report published Tuesday, Morgan Stanley analyst John Glass downgraded the rating on Shake Shack Inc (NYSE: SHAK) from Equal-weight to Underweight, while maintaining the $38 price target. The analyst believes that the stock is "overpriced," possibly due to the current technical market dynamics...

In a report published Monday, Morgan Stanley analyst John Glass previewed the Quick Service Restaurant (QSR) industry as many restaurant operators are set to report quarterly results in the coming weeks. According to Glass, sandwich sales (the segment's largest category) were up an...