Recipe Unlimited Corporation (RECP-T) Stock Predictions - Stockchase
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32
Recipe Unlimited Corporation (RECP-T)

ON STOCKCHASE SINCE Apr 2015

Previously Cara Operations Ltd.

food services

Recipe Unlimited Corporat... Recipe Unlimited Corporation
RECP-T

14 32
food services

Recipe Unlimited Corporation (RECP-T) SAVE

26.77

1.04 (3.74%)

Oct, 19, 2018, 12:00 am

OPINIONS

About Recipe Unlimited Corporation (RECP-T)

Recipe Unlimited Corporation is a Canadian company that operates several restaurant chains including Harvey's, Swiss Chalet, Fionn MacCool's, Kelsey's, Milestones, East Side Mario's, Montana's and St-Hubert. More at Wikipedia

What the experts are saying about RECP-T



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Signal Opinion Expert
PAST TOP PICK

(A Top Pick September 27, 2017. Up 22%). This was called Cara. It owns Swiss Chalet and is the largest restaurant chain in Canada. The company suffered after he bought it because of the downturn in the economy in Alberta. Restaurants are heavily dependent on growth in same-store sales, which suffer in a downturn. Recipe Unlimited countered this in three smart ways: (1) They bought St-Hubert in Quebec, which diversified their market and gave them a strong brand; (2) They bought the Keg, which moved them upscale with a very good growth profile; (3) They brought in a new CEO with a very good track record. The company is still Ontario-centric, but much less than it used to be.

food services

(A Top Pick September 27, 2017. Up 22%). This was called Cara. It owns Swiss Chalet and is the largest restaurant chain in Canada. The company suffered after he bought it because of the downturn in the economy in Alberta. Restaurants are heavily dependent on growth in same-store sales, which suffer in a downturn. Recipe Unlimited countered this in three smart ways: (1) They bought St-Hubert in Quebec, which diversified their market and gave them a strong brand; (2) They bought the Keg, which moved them upscale with a very good growth profile; (3) They brought in a new CEO with a very good track record. The company is still Ontario-centric, but much less than it used to be.

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$28.560
Owned Owned
Yes

TOP PICK

They are one of the largest restaurant operators in Canada.  Their portfolio of brands is very hard to replicate.  They have started to grow same store sales.  They will continue to try to be acquisitive.  (Analysts’ target: $32.61).

food services

They are one of the largest restaurant operators in Canada.  Their portfolio of brands is very hard to replicate.  They have started to grow same store sales.  They will continue to try to be acquisitive.  (Analysts’ target: $32.61).

food services
Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$29.100
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Oct 25/17, Up 13%)  Shortly after he was on they did an acquisition of The Keg and that will work out well for them.  He has taken some profits and now thinks there is better value out there.  He would take profits.

food services

(A Top Pick Oct 25/17, Up 13%)  Shortly after he was on they did an acquisition of The Keg and that will work out well for them.  He has taken some profits and now thinks there is better value out there.  He would take profits.

food services
Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$28.310
Owned Owned
No

BUY

Formerly, Cara Operations.  It has been a turnaround stock that faced headwinds with falling oil prices in Alberta.  They have improved with a good acquisition in Quebec and recently purchased Hy’s Steak Houses across Canada.  Same restaurant sales have been growing and they have invested in the ambience of the locations and he thinks that will attract patrons.  

food services

Formerly, Cara Operations.  It has been a turnaround stock that faced headwinds with falling oil prices in Alberta.  They have improved with a good acquisition in Quebec and recently purchased Hy’s Steak Houses across Canada.  Same restaurant sales have been growing and they have invested in the ambience of the locations and he thinks that will attract patrons.  

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$27.020
Owned Owned
No

BUY

Same store sales suffered when people weren't going out to restaurants in western Canada.  They made some interesting acquisitions in Quebec and Ontario.  They most recently purchased The Keg.  He likes the stock here. 

food services

Same store sales suffered when people weren't going out to restaurants in western Canada.  They made some interesting acquisitions in Quebec and Ontario.  They most recently purchased The Keg.  He likes the stock here. 

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$27.640
Owned Owned
Unknown

BUY

His second largest holding. They double down on it a few months ago. The country’s largest restaurant and casual dining chain. It was suffering because its exposure to Alberta mainly. They made a couple of very good acquisitions (most recently The Keg). They are reporting better to expected earnings and metrics and the stock responded accordingly but till a cheap stock. 

food services

His second largest holding. They double down on it a few months ago. The country’s largest restaurant and casual dining chain. It was suffering because its exposure to Alberta mainly. They made a couple of very good acquisitions (most recently The Keg). They are reporting better to expected earnings and metrics and the stock responded accordingly but till a cheap stock. 

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$27.780
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Feb. 10/17 Down 1%) The largest full service restaurant chain in Canada. Early in 2018 the stock rallied after an acquisition in Quebec. They have announced the acquisition of the Keg operations company. They have a large Alberta exposure, which is slowly improving.

food services

(A Top Pick Feb. 10/17 Down 1%) The largest full service restaurant chain in Canada. Early in 2018 the stock rallied after an acquisition in Quebec. They have announced the acquisition of the Keg operations company. They have a large Alberta exposure, which is slowly improving.

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$25.380
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Feb 10/17, Up 2%)  It got hurt because same store sales had gone down.  They have been refreshing some of their older restaurants.  It is excellent value here.

food services

(A Top Pick Feb 10/17, Up 2%)  It got hurt because same store sales had gone down.  They have been refreshing some of their older restaurants.  It is excellent value here.

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$26.210
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Dec 9/16. Up 3%.) This really hasn't come to fruition yet. He chose it for its discounted valuation. Trading at around 9X versus same restaurant peers that are trading around 15X that have growth. It has been impacted by minimum wage hikes. He is looking for 3% restaurant sales growth over 2018 from a rebound in Calgary and the strong Québec. A very good name to be owning.

food services

(A Top Pick Dec 9/16. Up 3%.) This really hasn't come to fruition yet. He chose it for its discounted valuation. Trading at around 9X versus same restaurant peers that are trading around 15X that have growth. It has been impacted by minimum wage hikes. He is looking for 3% restaurant sales growth over 2018 from a rebound in Calgary and the strong Québec. A very good name to be owning.

food services
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$25.780
Owned Owned
Yes

TOP PICK

The largest restaurant chain in Canada, and have grown quite a bit by acquisition. The stock went public and it was a market darling until it got overpriced. Then with the downturn in Alberta, oil prices started to tumble and people stopped going, so same-store sales took a big hit. That is now starting to stabilize. They’ve made some acquisitions which have diversified them. Valuation is very reasonable. Dividend yield of 1.6%. (Analysts’ price target is $26.)

food services

The largest restaurant chain in Canada, and have grown quite a bit by acquisition. The stock went public and it was a market darling until it got overpriced. Then with the downturn in Alberta, oil prices started to tumble and people stopped going, so same-store sales took a big hit. That is now starting to stabilize. They’ve made some acquisitions which have diversified them. Valuation is very reasonable. Dividend yield of 1.6%. (Analysts’ price target is $26.)

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$24.630
Owned Owned
Yes

TOP PICK

A conglomerate of restaurants that are milestones. This was in a downtrend, but had some decent earnings. Announced an acquisition of Pickle Barrel restaurants in Ontario and Québec. It seems the franchise options work and make money, so he is looking for 15%-20% upside from current levels. (Analysts’ price target is $27.)

food services

A conglomerate of restaurants that are milestones. This was in a downtrend, but had some decent earnings. Announced an acquisition of Pickle Barrel restaurants in Ontario and Québec. It seems the franchise options work and make money, so he is looking for 15%-20% upside from current levels. (Analysts’ price target is $27.)

food services
Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$25.200
Owned Owned
Yes

TOP PICK

Has been suffering lately. It went from being overpriced to being hugely underpriced. Part of the reason is that they have a good set of their operations in Alberta, and the weakness in the energy patch has hurt sales. Recently they’ve suffered by negative same store sales, which apparently has now turned positive. They’ll be hurt by rising minimum wages in Alberta and Ontario. Dividend yield 1.7%. (Analysts’ price target is $27.)

food services

Has been suffering lately. It went from being overpriced to being hugely underpriced. Part of the reason is that they have a good set of their operations in Alberta, and the weakness in the energy patch has hurt sales. Recently they’ve suffered by negative same store sales, which apparently has now turned positive. They’ll be hurt by rising minimum wages in Alberta and Ontario. Dividend yield 1.7%. (Analysts’ price target is $27.)

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$23.720
Owned Owned
Yes

COMMENT

Has been suffering because of the increase in minimum wage in Ontario. Thinks the increase is a great idea. If you take people who are earning less than $12 an hour, and all of a sudden up their wages by $3 an hour, they are going to spend the money for the most part because they need to. That in itself will create jobs.

food services

Has been suffering because of the increase in minimum wage in Ontario. Thinks the increase is a great idea. If you take people who are earning less than $12 an hour, and all of a sudden up their wages by $3 an hour, they are going to spend the money for the most part because they need to. That in itself will create jobs.

food services
Benj Gallander

President, Contra the Heard Inv...

Price Price
$24.000
Owned Owned
Unknown

COMMENT

Looked at this a year ago, but couldn’t get excited about the name. He’d rather put his money in a name like Starbucks (SBUX-Q). The valuation is not cheap enough to get him excited.

food services

Looked at this a year ago, but couldn’t get excited about the name. He’d rather put his money in a name like Starbucks (SBUX-Q). The valuation is not cheap enough to get him excited.

food services
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$22.580
Owned Owned
No

PAST TOP PICK

(Top Pick Sept. 9/16, Down 22.60%)  He is disappointed.  They have a big exposure to Alberta and the impact from oil is going down.  Same store sales are starting to stabilize.  It is too cheap to see it here, but it has probably seen its bottom.

food services

(Top Pick Sept. 9/16, Down 22.60%)  He is disappointed.  They have a big exposure to Alberta and the impact from oil is going down.  Same store sales are starting to stabilize.  It is too cheap to see it here, but it has probably seen its bottom.

food services
Norman Levine

Managing D, Portfolio Management...

Price Price
$22.900
Owned Owned
Yes

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