THE WEEK THAT WAS, ENDING 1/20 – NOBODY REPORTS EARNINGS BUT ICR CONFERENCE STIMULATES LOTS OF FOCUS, BUNCH OF RATINGS CHANGES

DC Advisory
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Regarding companies previously reporting: 

Starbucks: three firms like it, two firms neutral, no changes

Wendy’s: four firms neutral, one says buy, no changes

Restaurant Brands: Morgan Stanley stays Neutral, BMO upgrades to POSITIVE

Cheesecake Factory: M. Stanley stays UNDERWEIGHT, Citigroup downgrades to NEUTRAL

Darden: two firms maintain positive ratings

Texas Roadhouse: M.Stanley stays NEUTRAL, Raymond James lowers to  OUTPERFORM

McDonalds’s: two firms like it

Domino’s: JP Morgan maintains NEUTRAL, M. Stanley upgrades to OVERWEIGHT

Sweetgreen: JP Morgan maintains OVERWEIGHT, M.Stanley downgrades to EQUALWEIGHT

Yum Brands: One neutral, one positive,  no ratings change

Papa John’s: Keybanc mantains OVERWEIGHT

Morgan Stanley maintains EQUALWEIGHT on Wingstop, Jack in the Box, Brinker, Bloomin’ Brands, and European Wax Centers, DOWNGRADES Krispy Kreme and Chipotle to EQUALWEIGHT, UPGRADES Portillo’s to OVERWEIGHT AND DOWNGRADES Shake Shack to UNDERWEIGHT.

For Companies Reporting During Week: NONE

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes  (Restaurant Brands, Cheesecake Facory, TX Roadhouse, Domino’s, Sweetgreen, Krispy Kreme, Chipotle, Portillo’s,Shake Shack), or initiations (NONE) and companies reporting in THE WEEK THAT WAS (NONE).

Restaurant Brands

https://seekingalpha.com/article/4552633-restaurant-brands-international-inc-qsr-q3-2022-earnings-call-transcript

Cheesecake Factory

https://seekingalpha.com/article/4551825-cheesecake-factory-incorporated-cake-q3-2022-earnings-call-transcript

TX Roadhouse

https://seekingalpha.com/article/4550218-texas-roadhouse-inc-txrh-q3-2022-earnings-call-transcript

Domino’s

https://seekingalpha.com/article/4546436-dominos-pizza-inc-dpz-q3-2022-earnings-call-transcript

Sweetgreen

https://seekingalpha.com/article/4556904-sweetgreen-inc-sg-q3-2022-earnings-call-transcript

Krispy Kreme

https://seekingalpha.com/article/4558012-krispy-kreme-inc-dnut-q3-2022-earnings-call-transcript

Chipotle

https://seekingalpha.com/article/4549119-chipotle-mexican-grill-inc-cmg-q3-2022-earnings-call-transcript

Portillo’s

https://seekingalpha.com/article/4553715-portillos-inc-ptlo-q3-2022-earnings-call-transcript

Shake Shack

https://seekingalpha.com/article/4552700-shake-shack-inc-shak-q3-2022-earnings-call-transcript

THE WEEK TO COME – earnings reports – nobody scheduled for sure, McDonald’s a possibility.