Equity Research Statistical Review
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STEPHENS INC. – EQUITY RESEARCH STATISTICAL REVIEW January 2019 © 2019 Stephens Inc. 111 Center Street Little Rock, AR 72201 501-377-2000/800-643-9691 stephens.com Member NYSE, SIPC CONFIDENTIALRefer to pages AND PROPRIETARY61-65 for MLP INFORMATION and REIT OF Company STEPHENS INC|-Specific MEMBER RisksNYSE, SIPC Refer to Appendix on page 66 for Important Disclosures and Analyst Certification January 2019 Monthly Statistical Review Equity Research Industry Coverage List ........................................................................................................................................................ 2 Equity Research Company Coverage List ..................................................................................................................................................... 10 Coverage Changes ...................................................................................................................................................................................... 16 Rating Changes ........................................................................................................................................................................................... 17 Consumer Healthcare Grocery/C-Store .................................................................. 18 Diagnostics and Life Science Tools ............................................ 34 Restaurants ........................................................................ 19 Healthcare Services .............................................................. 35 Retail/Broadlines ................................................................. 20 Medical Devices & Hospital Supply ............................................ 36 Retail/Hardlines .................................................................. 21 Industrials Energy Agriculture ............................................................................ 37 Exploration and Production ................................................... 22 Building Materials .................................................................. 38 Oilfield Services .................................................................. 24 Electrical Equipment/Multi-Industry .......................................... 39 Industrial Products and Services .............................................. 40 Financial Services Paper and Wood Products ....................................................... 40 Banks-Mid-Atlantic .............................................................. 25 Transportation/Airfreight and Logistics/Maritime ......................... 42 Banks-Midwest .................................................................... 26 Transportation/Railroads and Equipment Suppliers ..................... 43 Banks-Northeast ................................................................. 27 Transportation/Truckload and Less-Than-Truckload .................... 44 Banks-Southeast ................................................................. 28 Banks-Southwest ................................................................ 29 Technology, Media and Telecommunications Banks-Super-Regional .......................................................... 30 Business Services .................................................................. 46 Banks-West Coast ............................................................... 31 Media ................................................................................... 47 Real Estate Services ............................................................ 32 Specialty Finance ................................................................ 33 Coverage List by Market Capitalization ........................................................................................................................................................ 49 Institutional Sales & Trading ...................................................................................................................................................................... 67 Branch Offices ............................................................................................................................................................................................ 68 © 2019 Stephens Inc. 111 Center Street Little Rock, AR 72201 501-377-2000 800-643-9691 stephens.com Member NYSE, SIPC EQUITY RESEARCH COVERAGE LIST Head of Institutional Equities and Director of Research: Nik Fisken (501) 377-6335 CONSUMER Grocery/C-Store Restaurants Retail/Broadlines Ben Bienvenu, Analyst (501) 377-8511 Will Slabaugh, Managing Director (501) 377-2259 Daniel Imbro, Analyst (501) 377-2055 Tim Perz, CPA, Associate (212) 891-1782 Hugh Gooding, Associate (501) 377-2214 AAP Advance Auto Parts Pooran Sharma, CFA, Associate (212) 891-1794 BJRI BJ’s Restaurants AZO AutoZone, Inc. CASY Casey’s General Stores BOJA Bojangles’, Inc. CPRT Copart, Inc. EAT Brinker International CORE Core-Mark Holding Co. KAR KAR Auction Services, Inc. TAST Carrols Restaurant Group LKQ LKQ Corp. CAPL CrossAmerica Partners LP CAKE Cheesecake Factory, The ORLY O’Reilly Automotive, Inc. KR Kroger Co. CMG Chipotle Mexican Grill MUSA Murphy USA Inc. CHUY Chuy’s Holdings, Inc. TSCO Tractor Supply Co. SFM Sprouts Farmers Market DRI Darden Restaurants YOGA YogaWorks, Inc. UNFI United Natural Foods, Inc. DFRG Del Frisco’s Restaurant Group WMT Walmart Stores, Inc. DENN Denny's Corp. DPZ Domino’s Pizza, Inc. Retail/Hardlines DNKN Dunkin’ Brands Group Rick Nelson, CFA, CPA FRGI Fiesta Restaurant Group Managing Director (312) 292-5768 GTIM Good Times Restaurants Nicholas Zangler, CFA, Associate (312) 292-5753 GRUB GrubHub Inc. ABG Asbury Automotive Group, Inc. HABT Habit Restaurants, Inc. AN AutoNation, Inc. JAX J. Alexander’s Holdings CWH Camping World Holdings MCD McDonald’s Corp. KMX CarMax, Inc. PZZA Papa John’s International CONN Conn’s, Inc. FRSH Papa Murphy’s Holdings DKS Dick’s Sporting Goods, Inc. RRGB Red Robin Gourmet Burgers, Inc. GPI Group 1 Automotive, Inc. QSR Restaurant Brands International HIBB Hibbett Sports, Inc. SBUX Starbucks Corp. LAD Lithia Motors, Inc. TXRH Texas Roadhouse, Inc. LL Lumber Liquidators Holdings WEN Wendy’s Co., The MIK Michaels Companies, The WING Wingstop, Inc. MNRO Monro Muffler Brake, Inc. OLLI Ollie’s Bargain Outlet PRTY Party City Holdco Inc. PAG Penske Automotive Group, Inc. SAH Sonic Automotive, Inc. TITN Titan Machinery Inc. W Wayfair Inc. Monthly Statistical Review Member NYSE, SIPC January 2019, Page 2 EQUITY RESEARCH COVERAGE LIST Head of Institutional Equities and Director of Research: Nik Fisken (501) 377-6335 ENERGY Exploration and Production Exploration and Production Oilfield Services Gail Nicholson, Analyst (301) 904-7466 Drew Lipke, Analyst (501) 377-2108 Tommy Moll, Analyst (501) 377-6306 Fletcher Sipple, Associate (501) 377-2347 Michael Newton, Associate (501) 377-1721 Drew Stevenson, Associate (501) 377-8078 AXAS Abraxas Petroleum Corp. CLR Continental Resources, Inc. BAS Basic Energy Services, Inc. APA Apache Corporation MTDR Matador Resources Co. CJ C & J Energy Services, Inc. CPE Callon Petroleum Co. PXD Pioneer Natural Resources Co. HAL Halliburton Company CDEV Centennial Resource Development, Inc. HP Helmerich & Payne CXO Concho Resources, Inc. HCLP Hi-Crush Partners LP DNR Denbury Resources, Inc. FRAC Keane Group, Inc. DVN Devon Energy Corp. TUSK Mammoth Energy Services FANG Diamondback Energy, Inc. NBR Nabors Industries ESTE Earthstone Energy, Inc. PTEN Patterson-UTI Energy Inc. XOG Extraction Oil & Gas, Inc. PUMP PrpPetro Holding Corp. HES Hess Corp. QES Quintana Energy Services Inc. MUR Murphy Oil Corp. RES RPC, Inc. NBL Noble Energy, Inc. SLB Schlumberger NV OAS Oasis Petroleum, Inc. WTTR Select Energy Services, Inc. PE Parsley Energy, Inc. SPN Superior Energy Services PDCE PDC Energy, Inc. SLCA U.S. Silica Holdings, Inc. QEP QEP Resources, Inc. RRC Range Resources Corp. TALO Talos Energy, Inc. UNT Unit Corp. WLL Whiting Petroleum Corp. WPX WPX Energy, Inc Monthly Statistical Review Member NYSE, SIPC January 2019, Page 3 EQUITY RESEARCH COVERAGE LIST Head of Institutional Equities and Director of Research: Nik Fisken (501) 377-6335 FINANCIAL SERVICES Banks-Mid-Atlantic Banks-Midwest Banks-Southeast Austin Nicholas, Analyst (207) 808-5027 Terry McEvoy, CFA, Managing Director (207) 808-5025 Tyler Stafford, CFA, Analyst (501) 377-8362 Cooper Brown, Associate (207) 808-3007 Cooper Brown, Associate (207) 808-3007 Gordon McGuire, Associate (501) 377-3717 Alex Glockner (207) 835-3007 Alex Glockner (207) 835-3007 Brandon Steverson, Associate (501) 377-8065 ANCX Access National Corp. ASB Associated Banc-Corp Andrew Terrell, Associate (501) 377-2303 AMNB American National Bankshares BY Byline Bancorp, Inc. ABCB Ameris Bancorp AX Axos Financial, Inc. CHFC Chemical Financial Corp. CCBG Capital City Bank Group CHCO City Holding Co. CTBI Community Trust Bancorp CSTR CapStar Financial Holdings ESXB Community Bankers Trust ICBK County Bancorp CARO Carolina Financial Corp. CNOB ConnectOne Bancorp EQBK Equity Bancshares, Inc. CSFL CenterState Bank Corp. EGBN Eagle Bancorp BUSE First Busey Corp. FBK FB Financial Corporation FNB F.N.B. Corporation FFBC First Financial Bancorp LION Fidelity Southern Corp. FULT Fulton Financial Corp. FRME First Merchants Corp FBNC First Bancorp HBMD Howard Bancorp FMBI First Midwest Bancorp. FHN First Horizon National Corp. ISBC Investors Bancorp, Inc. FMBH First Mid-Illinois Bancshares FSB Franklin Financial Network OLBK Old Line Bancshares FBC Flagstar