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Hospitality Stocks Take Aim At Sports Bar Industry; Gray Fox Petroleum Corp (OTCMKTS:GFOX), Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

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According to the National Restaurant Association’s 2015 Restaurant Industry Forecast, the restaurant industry will reach record-breaking numbers in 2015. More specifically, the industry is expected to generate over $709 billion in sales with one million locations and 14 million employees. The positive outlook is that growth is likely going to speed up and will be the sixth year in a row that there has been sales growth in the restaurant industry. Also, restaurants are likely going to be the country’s primary job creator.

[quote]“Population growth and Americans’ continued desire for convenience and dining out continues to fuel industry growth,” Hudson Riehle, senior vice president of research for the National Restaurant Association, stated. “Certain components of the business climate remain a challenge, however, as regional variability in employment levels and disposable income gains still put a damper on the overall environment.”[/quote]

For that very reason, companies are looking to contribute to the consecutive growth of the restaurant industry. One such company is the Gray Fox Petroleum Corp (OTCMKTS:GFOX) announced a new direction as well as new management geared towards the restaurant industry in late September. The management change came after acquiring DB Capital Corporation, a privately held company. Daniel Sobolewski, the Chairman and CEO of DB Capital Corporation became the new Chairman and CEO of Gray Fox Petroleum Corporation.

Through a new acquisition, Gray Fox Petroleum Corporation now has ownership in two Graffiti Junktion Restaurant locations in Florida. Graffiti Junktion is a restaurant with an American Burger, Sports Bar theme. Also, the restaurant has won multiple awards in its time. For instance, it was voted Best Burger this year. The thirteen locations are family-friendly with food served fresh and never frozen. Best of all, Graffiti Junktion is planning on consistently growing throughout the year. This is especially great news for Gray Fox Petroleum Corporation who is trying to satisfy shareholders; “I feel that the new direction of the Company will bring value back to Gray Fox Petroleum Corp (OTCMKTS:GFOX), and its shareholders,” Sobolewski said. Over the last three months, GFOX has seen lows of $0.0161 and highs of $0.05 marking a potential swing of 210%.

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Eanings Review: Rambus Inc. (NASDAQ:RMBS), Revlon Inc (NYSE:REV)

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Revlon Inc(NYSE:REV) +2.5% after-hours after announcing that President and CEO Fabian Garcia is stepping down “to pursue other opportunities,” and Executive Vice Chair Paul Meister will oversee operations on an interim basis.

REV also says it expects Q4 revenues of $785M, below $801M from the year-earlier quarter but ahead of analyst consensus estimate of $743M, and a $60M-$80M net loss for the quarter due to a charge related to the recent tax law changes.

REV expects Q4 adjusted EBITDA of $110M-$115M vs. $115M analyst consensus.

CFO Chris Peterson also denies rumors that the company is considering a material asset transfer that would shield assets from lenders.

Rambus Inc.(NASDAQ:RMBS) shares are down 5.5% aftermarket following Q4 results that beat revenue estimates and met on EPS. In-line Q1 guidance (under ASC 605 accounting change) has revenue from $94M to $100M (consensus: $100.38M) and EPS from $0.17 to $0.23 (consensus: $0.18).

Revenue breakdown: Royalties, $77.9M (+10% Y/Y); Product, $8.5M (-27%); Contract and other revenue, $15.5M (+2%); Licensing billings, $76.6M (+18%).Key metrics: Non-GAAP operating margin, 31%; total operating expenses, $67.5M; cash and equivalents, $172.2M; cash flow from operations, $33.3M.

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ADTRAN, Inc. (NASDAQ:ADTN) Hits New Lows After Issuing disappointing Earnings Forecast

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ADTRAN, Inc.(NASDAQ:ADTN) slumped to a 52-week low after forecasting below consensus guidance for Q4, revising its revenue estimate downward  to $125M from $155M-$165M earlier and seeing EPS of ~$0.01; analysts had expected EPS of ~$0.14 and revenue of $161.2M.

ADTN also projects Q1 to come in at roughly the same as Q4, misses analyst consensus of $167.5M.

CEO Tom Stanton says Q4 results have been hurt by a merger-related review, which ADTN expects to be completed in 60-90 days, and slowdown in the spending at a domestic Tier 1 customer.

MKM Partners analyst Michael Genovese believes the customer is CenturyLink (CTL -2%), which accounted for 24% of ADTN’s total sales in 2016.

The analyst thinks the weakness should prove temporary, adding that ADTN’s performance likely will accelerate into 2019 as the company stands to benefit from 5G spending; MKM trims its ADTN target price to $25 from $27 but keeps its Buy rating.

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Big IPO Coming: Celator Pharmaceuticals Inc(NASDAQ:CPXX), Moleculin Biotech’s (MBRX)

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Today at 10am Eastern, Moleculin Biotech ticker symbol MBRX will debut on the Nasdaq stock exchange and is being considered as one of the most highly anticipated IPO’s of 2016 by the street. The excitement and anticipation is arising from many experts saying that Moleculin Biotech’s (MBRX) drug annamycin is far superior to Celator Pharmaceuticals Inc(NASDAQ:CPXX) drug daunorubicin.

CPXX which has been bought out by Jazz Pharmaceuticals plc – Ordinary Shares(NASDAQ:JAZZ) for $1.5 Billion Dollars last week, share price ran from $1.6 to $31 in 2 months. Moleculin Biotech’s share structure is a 1.5m public float Priced at $6.

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