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