THE WEEK THAT WAS, AND THE WEEK AHEAD – LOTS OF “MAINTENANCE” BUT YOU CAN READ BETWEEN THE LINES!
Forgive the eye chart but the analyst reactions to the earnings and the conference calls tell a bit of a story.
BJ’s (BJRI) reported on the 17th and NICOLE REAGAN and BRIAN MULLAN continued to like it, not compelling though for JEFF BERNSTEIN OR NICK SETYAN.
Shake Shack (SHAK) reported on the 17th. MICHAEL TAMES, and NICK SETYAN are sticking with it. BRIAN MULLAN, JEFF BERNSTEIN, Morgan Stanley, LAUREN SILVERMAN AND JOHN IVANHOE did not hear enough to turn them positive.
Bloomin’ Brands (BLMN) reported on the 18th. BRIAN VACCARO and ANDREW STRELZIK continue to like it, but the analysts at Morgan Stanley and Deutsche Bank do not.
Papa John’s (PZZA) reported on the 24th. ERIC GONZALEZ AND JAMES RUTHERFORD continue to like it, BRIAN MULLAN not so much.
Texas Roadhouse (TXRH) reported on the 22nd. BRIAN MULLAN AND NICK SETYAN continue to like it. JEFF BERNSTEIN not at this price.
Noodles (NDLS) reported on the 23rd. JAMES RUTHERFORD likes it.
Arcos Dorados (ARCO picked up an upgrade from Credit Suisse a month after their preliminary ’21 update. Full year’s report is due on 3/16. Our report on ARCO, (use our SEARCH function on Home Page) published on 2/16, reflects the investment appeal.
REPORTING NEXT WEEK:
PTLO, FWRG, BROS, BTBD, BFI, WEN, DPZ, PBPB, DIN, RRGB, FRGI,
RELEVANT TRANSCRIPTS FROM LAST WEEK:
SHAKE SHACK (SHAK)
BLOOMIN’ BRANDS (BLMN)
PAPA JOHN’S (PZZA)
TEXAS ROADHOUSE (TXRH)
RUTH’S HOSPITALITY (RUTH)