New restaurants should boost traffic

Article Excerpt

WALMART INC. $71 is a buy. The retail giant (New York symbol WMT; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 8.1 billion; Market cap: $575.1 billion; Price-to-sales ratio: 0.9; Dividend yield: 1.2%; TSINetwork Rating: Above Average; www.walmart.com) has signed a deal to open Mr. Gatti’s Pizza restaurants in 92 of its stores in Texas, Louisiana, Oklahoma, and Kentucky. The company is also opening Uncle Sharkii Poke Bar outlets in 10 of its California stores. Poke is a Hawaiian dish of raw fish served on rice, with dressing, vegetables and seasonings. These restaurant deals are a low-risk way for Walmart to attract more customers to its stores and spur spending per visit. Walmart is a buy. buy. …