ICR CONFERENCE APPEARANCES STIMULATE PUBLIC UPDATES, AND INTRA-DAY VOLATILITY IN A SKITTISH STOCK MARKET (BFI, BROS, TAST, NDLS, FWRG, RICK)

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ICR CONFERENCE APPEARANCES STIMULATE PUBLIC UPDATES, AND INTRA-DAY VOLATILITY IN A SKITTISH STOCK MARKET

Publicly held restaurant, franchising and retailing companies appear today, again tomorrow and Wednesday morning at ICR’s “must attend” conference, usually in Orlando but held virtually again this year.

Announcements have often preceded the public appearances and the news has sometimes been unsettling, stock prices  reacted accordingly. We provide below links to the news releases that have triggered the largest price changes.

BURGERFI (BFI – consolidating after acquiring Anthony’s Coal Fired Pizza – up 0.35%)

https://seekingalpha.com/pr/18623816-burgerfi-provides-fiscal-year-2021-business-update-sets-initial-guidance-for-fiscal-year-2022

DUTCH BROS INC. (BROS – got hit early, closed up 2.88%)

https://seekingalpha.com/pr/18623655-dutch-bros-inc-announces-preliminary-fourth-quarter-and-fiscal-year-2021-development-and-shop

CARROL’S RESTAURANT GROUP ((TAST – already at a multi-year low – up 0.34%)

https://finance.yahoo.com/news/carrols-restaurant-group-inc-reports-120000517.html

NOODLES (NDLS – announces major multi-unit franchise agreement – up 6.33%)

https://seekingalpha.com/pr/18624041-noodles-and-company-announces-signing-of-55-restaurant-franchise-deal-in-california-warner

FIRST WATCH RESTAURANTS, Inc. (FWRG – finding its footing after IPO – up 2.33%)

https://finance.yahoo.com/news/first-watch-restaurant-group-inc-120000876.html

RCI Hospitality (RICK – presentation fine, just profit taking after recent run – down  3.58%)

https://seekingalpha.com/pr/18624132-rci-reports-club-and-restaurant-sales-of-61_1-million-in-1q22