THE WEEK THAT WAS, ENDING 3/18 - CATCHUP ON RATINGS AS GAS PRICES OVERHANG SHORT TERM RESULTS - WITH FRESH ACCESS PROVIDED!

THE WEEK THAT WAS, ENDING 3/18 – CATCHUP ON RATINGS AS GAS PRICES OVERHANG SHORT TERM RESULTS – WITH FRESH ACCESS PROVIDED!

Mid cycle in terms of earnings reports, lots of “maintenance”, on CMG, SHAK, SBUX, EAT, MCD, and DRI (about to report), ratings changes on SBUX, WING and NDLS.

JOHN IVANKOE upgrades SBUX to OVERWEIGHT.

JIM SANDERSON upgrades WING TO BUY, but NICOLE REGAN downgrades WING to UNDERWEIGHT. (Stock down 30% from high, wing prices spike, CEO Charlie Morrison steps aside)

NICOLE also downgrades NDLS to UNDERWEIGHT.

MOST RECENT TRANSCRIPTS RELATING TO RATINGS CHANGES:

SBUX

https://seekingalpha.com/article/4483367-starbucks-sbux-ceo-kevin-johnson-on-q1-2022-results-earnings-call-transcript

WING

https://seekingalpha.com/article/4487627-wingstop-inc-wing-ceo-charlie-morrison-on-q4-2021-results-earnings-call-transcript

NDLS

https://seekingalpha.com/article/4489733-noodles-and-company-ndls-ceo-dave-boennighausen-on-q4-2021-results-earnings-call-transcript

EARNINGS REPORTS THIS COMING WEEK:

FAT Brands – 3/21 – estimated (FAT)

Noble Roman’s – 3/22 – estimated (NROM)

First Watch – 3/23 – before market opens (FWRG)