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%)
DUTCH BROS INC. (BROS – got hit early, closed up 2.88%)
CARROL’S RESTAURANT GROUP ((TAST – already at a multi-year low – up 0.34%)
NOODLES (NDLS – announces major multi-unit franchise agreement – up 6.33%)
FIRST WATCH RESTAURANTS, Inc. (FWRG – finding its footing after IPO – up 2.33%)
RCI Hospitality (RICK – presentation fine, just profit taking after recent run – down 3.58%)