Dain Rauscher Wessels Report Says Catalysts in Place for Healthy Gains in Restaurant Stocks in 2000.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Feb. 1, 2000 The new year should see a nice bounce in the restaurant stocks group, after experiencing a tough second half in 1999 due to worries about interest rates and an economic slowdown, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. David Geraty, restaurants equity analyst at Dain Rauscher Wessels. Geraty's newly issued report, &uot;Restaurant &Specialty Foods, Fourth-Quarter Update,&uot; points to three catalysts that will drive the upswing: attractive valuations, strong fundamentals and improving investor sentiment. &uot;We would urge investors to overweight the group with a focus on those restaurant companies with strong and/or improving fundamentals, especially at current or lower prices,&uot; Geraty's report said. &uot;These companies have well-positioned, high-return concepts with attractive growth prospects, are nearly self funding, are well managed, and should deliver solid operating and earnings prospects throughout 2000.&uot; Geraty's focus list - which contains stocks with a Strong Buy rating - currently includes Applebee's International (Nasdaq: APPB APPB Array Processor with Pipelined Bus APPB Application Builder ), Brinker International (NYSE NYSE See: New York Stock Exchange : EAT), Outback Steakhouse Outback Steakhouse is a casual dining American restaurant chain based in Tampa, Florida with over 900 locations in 23 countries throughout North and South America, Europe, Asia, and Australia. (Nasdaq: OSSI), Papa John's International (Nasdaq: PZZA), P.F. Chang's China Bistro (Nasdaq: PFCB), PJ America (Nasdaq: PJAM), Rare Hospitality International (Nasdaq: RARE), Rubio's Restaurants (Nasdaq: RUBO), Sonic Corp. (Nasdaq: SONC SONC Special Olympics Northern California ) and Taco Cabana (Nasdaq: TACO). Investors interested in receiving Geraty's report or more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving the report should call 612-371-7752. The Dain Rauscher Wessels division includes equity research, equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as , institutional equity sales and corporate finance. The division's 37 analysts focus on five industries: consumer, energy, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , health care and technology. Currently, the analysts follow more than 400 companies. The division, which employs 350 people, has offices in Austin, Texas; Boston; Dallas; Houston; Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.; Minneapolis; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; San Francisco; and Seattle. Minneapolis-based Dain Rauscher Incorporated provides investment services to individual investors and small businesses through offices in 26 predominantly western states, investment banking services to corporations and municipalities nationwide, and trade clearing and settlement services to non-affiliated broker-dealers throughout the United States and abroad. Dain Rauscher Incorporated, one of the nation's largest full-service securities firms, is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. Dain Rauscher Corporation, its holding company, trades on the New York Stock Exchange under the symbol DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) . The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St. The author's of the aforementioned report hold(s) a long position in the common shares of Applebee's International, Brinker International, Outback Steakhouse, Rare Hospitality International, Sonic Corp. and Taco Cabana. Dain Rauscher Inc. is a primary market maker in the common stock of Applebee's International, Outback Steakhouse, Papa John's International, PJ America, P.F. Chang's China Bistro, Rare Hospitality International, Rubio's Restaurants, Sonic Corp. and Taco Cabana. Dain Rauscher Inc. managed/co-managed a public offering by Papa John's International, P.F. Chang's China Bistro, Rubio's Restaurants and Sonic Corp. within the last three years. Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI See Digital Research. , its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. |
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