THE WEEK THAT WAS: ENDING 10/21 – ONLY BJ’S RESTAURANTS AND FAT BRANDS REPORTED, ONE INITIATION, TWO RATINGS CHANGES

Restaurant Finance Monitor
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RATINGS CHANGES:

Regarding companies previously reporting, two changes – difference of opinion

JAKE BARTLETT downgrades WINGSTOP to HOLD

OTR analyst upgrades WINGSTOP to POSITIVE

Ratings are maintained (or initiated) as:

BRIAN MULLAN maintains TX Roadhouse at BUY

LAUREN SILBERMAN maintains McDONALD’S as OUTPERFORM

ANDREW CHARLES maintains YUM BRANDS as OUTPERFORM

JEFFREY BERNSTAINS maintains OVERWEIGHT on RESTAURANT BRANDS, McDONALD’S, DUTCH BROS,  and CHIPOTLE

ERIC GONZALES maintains OVERWEIGHT on DINE BRANDS

DENNIS GEIGER initiates NEUTRAL on BLOOMIN’ BRANDS

Regarding companies that reported this week – BJ’s RESTAURANTS and FAT BRANDS

REGARDING BJ’s RESTAURANTS – NICK SETYAN maintains NEUTRAL

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes  (WINGSTOP) or initiations (BLOOMIN’ BRANDS) and companies reporting in THE WEEK THAT WAS (BJ’s RESTAURANTS and FAT BRANDS)

TRANSCRIPTS – 

BLOOMIN’ BRANDS (BLMN)

https://seekingalpha.com/article/4527533-bloomin-brands-inc-s-blmn-ceo-david-deno-on-q2-2022-results-earnings-call-transcript

WINGSTOP (WING)

https://seekingalpha.com/article/4527123-wingstop-inc-wing-ceo-michael-skipworth-on-q2-2022-results-earnings-call-transcript

BJ’s RESTAUARANTS (BJRI)

https://seekingalpha.com/article/4547973-bjs-restaurants-inc-bjri-q3-2022-earnings-call-transcript

FAT BRANDS (FAT)

https://seekingalpha.com/article/4547965-fat-brands-inc-fat-q3-2022-earnings-call-transcript

THE WEEK TO COME – earnings reports

10/25 – CHIPOTLE –  (CMG) after close

https://app.webinar.net/4oPVR0Q8pyQ

10/26 – WINGSTOP  –  (WING) after close

https://event.choruscall.com/mediaframe/webcast.html?webcastid=uQ58eZRX

10/27 – McDONALD’S  – (MCD)  before opening

https://corporate.mcdonalds.com/corpmcd/investors/events-and-presentations.html

10/27 – TX ROADHOUSE  – (TXRH) after close

https://seekingalpha.com/pr/18966800-texas-roadhouse-inc-to-announce-third-quarter-earnings-on-october-27-2022

10/28 – BLOOMIN’ BFANDS  – (BLMN) before opening

https://edge.media-server.com/mmc/p/s54xuog6