Jim Cramer - Mad Money
Prime Restaurents
EAT-T
BUY
Mar 07, 2025
It reported a great quarter: Chili's brand grew 31.4%, $2.80 EPS beat by nearly 1 dollar. And yet shares have collapsed in the the past month. So of this is pure profit-taking after a huge run-up. Softer traffic in some locations was down to bad weather in early February. He's long liked this for the same reason: it offer customers great value. It attracts customers of all incomes.
Not a fan of restaurant trusts. If he was, this would not be one that he would own. 67% of the revenue comes from East Side Mario’s which is a very tired brand.
It reported a great quarter: Chili's brand grew 31.4%, $2.80 EPS beat by nearly 1 dollar. And yet shares have collapsed in the the past month. So of this is pure profit-taking after a huge run-up. Softer traffic in some locations was down to bad weather in early February. He's long liked this for the same reason: it offer customers great value. It attracts customers of all incomes.