THE WEEK THAT WAS, ENDING 1/13 – ONLY WENDY’S REPORTS (TRIAN’S PELTZ APPROVES BUT ONE ANALYST DOWNGRADES) – OTHER THAN THAT, RATINGS MAINTAINED

Restaurant Finance Monitor
Print Friendly, PDF & Email

Regarding companies previously reporting: no ratings changes

JAKE BARTLETT maintains JACK at a BUY

JOSHUA LONG maintains KRUS and CHUY at OVERWEIGHT

JONATHAN KOMP maintains Planet Fitness, Xponential Fitness, and European Wax Centers, all dynamic non-restaurant franchisors, at OUTPERFORM

CHRIS O’CULL mainains Planet Fitness at BUY

JEFF VAN SINDEREN maintains Xponential Fitness at BUY

KORINNE WOLFMEYER maintains European Wax Centers at NEUTRAL

For Companies Reporting During Week: only Wendy’s reports, a 5.9% Q4 US comp,  double the dividend to $1.00 annually (almost a 5% yield, and increase share buyback by $500M. Major shareholder, activist Trian’s Nelson Peltz, blesses the “capital allocation” strategy.

DAVID PALMER at Evercore downgrades from OUTPERFORM to INLINE

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes  (none), or initiations (none) and companies reporting in THE WEEK THAT WAS (Wendy’s)

Wendy’s

https://seekingalpha.com/article/4569828-wendys-company-wen-q4-2022-preliminary-earnings-call-transcript

THE WEEK TO COME – earnings reports – nobody scheduled