THE WEEK THAT WAS, ENDING 1/6 – ONLY KURA SUSHI REPORTS (and stock falls 17%) – QUITE A FEW RATINGS ADJUSTMENTS – ONLY ONE RATINGS CHANGE, JEFF BERNSTEIN REITERATES 17 PREVIOUS RATINGS with 3 UNDERWEIGHTS & 9 OVERWEIGHTS

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Regarding companies previously reporting: one change, lots of maintenance

Re: WENDY’S: BRIAN BITTNER downgrades from OUTPERFORM TO MKT PERFORM

Re JEFF BERNSTEIN’s ratings, he

UNDERWEIGHTS DOMINO’S, BJ’S, & CHEESECAKE FACTORY,

NEUTRAL on TEXAS ROADHOUSE, DUTCH BROS, SHAKE SHACK, CHIPOTLE & BRINKER,

OVERWEIGHT on BLOOMIN’ BRANDS, WINGSTOP, WENDY’S, RESTAURANT BRANDS, FIRST WATCH, DINE BRANDS, STARBUCKS, McDONALD’S, & DARDEN.

For Companies Reporting During Week: only kura Sushi (KRUS) reports – earnings miss estimate modestly, but falls 17%. The transcript of the conference call is provided below. With that background:

ANDREW STRELZIK maintains MARKET PERFORM

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

Wendy’s (WEN)

https://seekingalpha.com/article/4555443-wendys-company-wen-q3-2022-earnings-call-transcript

Kura Sushi (KRUS)

https://seekingalpha.com/article/4568178-kura-sushi-usa-inc-krus-q1-2023-earnings-call-transcript

THE WEEK TO COME – earnings reports  

1/12/23 – After Market Close – Rocky Mountain Chocolate Factory

https://edge.media-server.com/mmc/p/t96yx5ad