Regarding companies previously reporting:
Only one ratings change: Cowen downgrades Sweetgreen to Market Perform
One Initiation: Barclays rates Driven Brands – Overweight
Wedbush is Neutral on BJ’s, Shake Shack, Papa John’s, Denny’s, and Cheesecake Factory. They are Positive on Texas roadhouse, and Chuy’s.
Citigroup stays Neutral on Starbucks
Barclays remains Overweight on Arcos Dorados.
Citigroup and Wedbush remain Positive on Wingstop
Citigroup maintains Buy on TX Roadhouse and remains Neutral on Sweetgreen.
Citigroup maintains Neutral on Restaurant Brands.
For Companies Reporting During Week: Chipotle, Yum Brands, Yum China, RCI Hospitality. Lots of analysts follow Chipotle and Yum Brands, as shown below. Not so much coverage and no ratings changes for Yum China or RCI Hospitality.
Re Chipotle: Two firms are Neutral, Eleven like it.
Re Yum Brands: Four firms are Neutral, One is Positive.
Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Sweetgreen), or initiations (Driven Brands) and companies reporting in THE WEEK THAT WAS (Chipotle, Yum Brands, Yum China, RCI Hospitality)
Yum Brands (YUM)
Yum China (YUMC)
RCI Hospitality (RICK)
THE WEEK TO COME – earnings reports – earnings season rolls on