Stock price when the opinion was issued
Chart's hugging the 200-day MA, which could be an opportunity from a technical perspective. Consumer backlash about reduced portions. Worried whether same-store sales are peaking at this stage. Underperforming S&P 500 since spring. Not cheap at 48x forward PE, projected growth rate is 22%, still a 2.1 PEG ratio.
In the space, he owns MCD and QSR.
Was upgraded today, though shares are dipping now, and it splits 15-1 tomorrow, which is positive. Revenues grow 14% vs. negative growth in this sector. Their footprint is expanding with 300 new stores. This will continue to rise higher, though any momentum stock risks a correction. Believes in it.