Regarding companies previously reporting: All but two ratings “maintained”. Two changes were Wendy’s, downgraded from Buy to Hold, and Carrol’s, upgraded from Hold to Buy.
Dine Brands maintained at Overweight.
Xponential Fitness maintained at Buy.
Papa John’s maintained at Hold
Yum Brands, McDonald’s, Fiesta Restaurant Group all maintained at Buy
REPORTED IN PAST WEEK
For Companies Reporting During Week: First Watch, Noodles, The One Group Hospitality, The Joint, European Wax Center, El Pollo Loco – No changes, nor updates on The Joint and El Pollo Loco
Re: First Watch: No change. One Neutral, Two Positive
Re: The One Group: No change. One Neutral, One Positive
Re Noodles: No change. Both firms like it
Re European Wax Center – No change. One firm likes it
No rankings shown for The Joint and El Pollo Loco
Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Wendy’s and Carrol’s), or initiations (None) and companies reporting in THE WEEK THAT WAS (First Watch, Noodles, The One Group Hospitality, The Joint, European Wax Center, El Pollo Loco).
Wendy’s
https://seekingalpha.com/article/4583432-wendys-company-wen-q4-2022-earnings-call-transcript
First Watch
Noodles
https://seekingalpha.com/article/4585800-noodles-and-company-ndls-q4-2022-earnings-call-transcript
The One Group Hospitality
The Joint
https://seekingalpha.com/article/4586275-joint-corp-jynt-q4-2022-earnings-call-transcript
https://seekingalpha.com/article/4586237-joint-corp-2022-q4-results-earnings-call-presentation
European Wax Center
El Pollo Loco
THE WEEK TO COME – things are quieting down
