Regarding companies previously reporting, eight changes, all downgrades
ANDY BARISH downgrades RED ROBIN, STARBUCKS & BRINKER from BUY TO HOLD
NICK SETYAN downgrades SHAKE SHACK, DENNY’S, THE ONE GROUP, PAPA JOHN’S and JACK IN THE BOX from OUTPERFORM to NEUTRAL
MAINTENANCE OF PRIOR RATINGS:
Re: DARDEN – three out of four analysts like it, one is “in line”
Re RED ROBIN – ANDREW WOLF (reinstating) and ANDY BARISH are NEUTRAL
RE McDONALD’S – ANDY BARISH maintains BUY
Re: DINE BRANDS – NICK SETYAN maintains OUTPERFORM
Re: CHUY’S – ANDREW WOLF reinstates at NEUTRAL
Re: BJ’S – ANDREW WOLF reinstates at BUY
Re: CRACKER BARREL – ANDREW WOLF reinstates at BUY
Re: PLANET FITNESS – PETER KEITH maintains OVERWEIGHT
Re: DRIVEN BRANDS – KAREN SHORT initiates at NEUTRAL
For Companies Reporting During Week: only Ark Restaurants, none of above analysts follow it, no ratings changes.
Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Red Robin Starbucks, Shake Shack, Denny’s, The One Group, Papa John’s, Jack in the Box, or initiations (Chuy’s, BJ’s, Cracker Barrel, Driven Brands) and companies reporting in THE WEEK THAT WAS (Ark Restaurants)
Red Robin (RRGB)
Starbucks (SBUX)
https://seekingalpha.com/article/4552964-starbucks-corporation-sbux-q4-2022-earnings-call-transcript
Shake Shack (SHAK)
https://seekingalpha.com/article/4552700-shake-shack-inc-shak-q3-2022-earnings-call-transcript
Denny’s (DENN)
https://seekingalpha.com/article/4551784-dennys-corporations-denn-q3-2022-earnings-call-transcript
The One Group Hospitality (STKS)
Papa John’s (PZZA)
Jack in the Box (JACK)
Chuy’s (CHUY)
https://seekingalpha.com/article/4553661-chuys-holdings-inc-chuy-q3-2022-earnings-call-transcript
BJ’s (BJRI)
https://seekingalpha.com/article/4547973-bjs-restaurants-inc-bjri-q3-2022-earnings-call-transcript
Cracker Barrel (CBRL)
Driven Brands (DRVN)
Ark Restaurants (ARKR)
https://seekingalpha.com/article/4565566-ark-restaurants-corp-arkr-q4-2022-earnings-call-transcript
THE WEEK TO COME – earnings reports – nobody reporting – Happy New Year!