THE WEEK THAT WAS: ENDING 9/23 – ONLY DARDEN REPORTED EARNINGS - IN FACE OF SOFTENING ECONOMY AND TERRIBLE MARKET ONLY ONE RATINGS CHANGE, JOSHUA LONG AT STEPHENS INITIATES WITH 5 EQUALWEIGHTS AND 13 OVERWEIGHTS

Ratings Changes:

Regarding companies previously reporting, only one change in Rating

ANDREW STRELZIK upgrades DOMINO’S to OUTPERFORM

Ratings are maintained as:

CHRIS O’CULL still LIKES PAPA JOHN’S.

ANDREW CHARLES maintains CHIPOTLE at OUTPERFORM

GREG BADISHKANIAN initiates JACK IN THE BOX AT PEER PERFORM

JAKE PARTLESS maintains DOMINO’S at HOLD.

NICK SETYAN is still NEUTRAL on DARDEN.

JOSHUA LONG INITIATES ON 18 COMPANIES – NEUTRAL on BJRI, SBUX, DPZ, QSR and TXRH, OVERWEIGHT on NDLS, CMG, MCD, RUTH, CHUY , CAKE, STKS, KRUS, PZZA, WEN and WING.

Regarding companies that reported this week (DARDEN)

NICK SETYAN maintained NEUTRAL, BRIAN MULLAN maintained HOLD, CHRIS CARRIL and JOSHUA LONG rate it OUTPERFORM AND OVERWEIGHT.

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (DOMINO’S) and companies reporting in THE WEEK THAT WAS (DARDEN).