THE WEEK THAT WAS – SEVEN DAYS ENDING 1/20/22 – Quite a few ratings changes (in bold print below), perhaps in the wake of ICR presentations
Very little fresh news other than reported at the ICR Conference last week. Hardly any recent earnings reports, many more data points to be provided as companies report holiday season results in February and March.
JOHN GLASS reviewed his ratings, left most unchanged, UPGRADED Chipotle, DOWNGRADED Restaurant Brands and Domino’s. He LIKES McDonald’s, Krispy Kreme and Chipotle. NOT SO MUCH Cheesecake, Restaurant Brands and Domino’s.
JEFF FARMER DOWNGRADES Brinker to HOLD, UPGRADES Dave & Buster’s to BUY.
NICK SETYAN DOWNGRADES Brinker to Neutral.
THIAGO BORTOLUCI UPGRADES Arcos Dorados to BUY.
EARNINGS REPORTS TO COME In NEXT TWO WEEKS:
McDonald’s on January 27th, Luby’s and Brinker on January 31st, Starbucks on February 1st, Good Times Restaurants on February 3rd, Nathan’s on February 4th