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