THE WEEK THAT WAS, ENDING APRIL 21 – TWO RATINGS CHANGES, LOTS OF MAINTENANCE – NEW QUARTERLY FEEDBACK TO COME THIS WEEK -with relevant transcript

Restaurant Finance Monitor
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Regarding companies previously reporting:

Re: TX Roadhouse, Raymond James Downgrades from Outperform to Market Perform

Re: BJ’s, Wedbush Upgradesfrom Neutral to Outperform

Barrrington Research Reiterates Outperform on Franchise Group

Well’s Fargo Maintains Equal-Weight on McDonald’s

Truist Securities maintains Hold on Wingstop, still likes Wendy’s, Shake Shack, McDonald’s, Carrol’s, Chipotle and Restaurant Brands.

Keybank still likes Dine Brands.

Stifel still neutral on McDonald’s, a Buyer of Chipotle

Baird maintains Outperform on McDonald’s and Chipotle

Barclay’s still Neutral on Yum Brands

Morgan Stanley still Underweights Shake Shack, Neutral on Wingstop, Tx Roadhouse, Starbucks, Jack in the Box and Chipotle, Overweight on McDonald’s and Yum Brands

Benchmark Reiterates Buy on BJ’s

B of A Maintains Buy on Starbucks

REPORTED IN PAST WEEK   – BT Brands (BTBD) Winmark Corporation (WINA) – nobody  covers them (but us) – no ratings shown

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes  (Tx Roadhouse and BJ’s Restaurants) or initiations (none), companies reporting in THE WEEK THAT WAS (BT Brands and Winmark, but there is no transcript available for BTBD conference call and WINA has no conference call).

TX Roadhouse (TXRH)

https://seekingalpha.com/article/4579340-texas-roadhouse-inc-txrh-q4-2022-earnings-call-transcript

BJ’s Restaurants (BJRI)

https://seekingalpha.com/article/4579331-bjs-restaurants-inc-bjri-q4-2022-earnings-call-transcript

THE WEEK TO COME: