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
THE WEEK TO COME – earnings reports – nobody scheduled