THE WEEK THAT WAS, ENDING MAY 12 – ASIDE FROM FRANCHISE GROUP (FOLLOWING RUTH'S HOSPITALITY) GOING PRIVATE, ONE UPGRADE, ANOTHER HAS TWO DOWNGRADES – with relevant transcripts

Regarding companies previously reporting: Franchise Group is downgraded with going private transaction announced, Jack in the Box upgraded to Positive

Dave & Buster’s Initiated at Neutral

Regarding Exponential Fitness, all three analaysts maintain Positive views.

Regarding Franchise Group, one analyst maintains Neutral.

Regarding Jack in the Box, aside from Upgrade to Positive, 2 analysts are Neutral

Regarding The One Group Hospitality, 1 analysts stays Neutral

Regarding Planet Fitness, 1 analyst stays Neutral

REPORTED IN PAST WEEK – Krispy Kreme, BRC Corp, Carrol’s, RCI Hospitality, European Wax Center, CHeesecake Factory, Fiesta Restaurant Group, Franchise Group, Wendy’s, Good Times Restaurants, Muscle Maker

Regarding Carrol’s – 2 analaysts remain Positive

Regarding Noodle’s – 2 analysts remain Positive

Regarding Wendy’s – 3 analysts remain Neutral

Regarding BRC – 1 analyst remains Positive, 1 is Neutral

Regarding Dutch Bros. – 1 analyst remains Positive, 2 downgrades to Neutral

Regarding Cheesecake Factory – 1 Positive, 1 Neutral, 1 Negative

Regarding European Wax Center – 1 analyst remains Positive

Regarding RCI Holdings – 1 analyst remains Positive

Regarding Fiesta Restaurant Group – 1 analyst maintains Buy

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Franchise Group and Jack in the Box) or initiations (Dave Buster’s), companies reporting in THE WEEK THAT WAS (Krispy Kreme, BRC Corp, Carrol’s, RCI Hospitality, European Wax Center, CHeesecake Factory, Fiesta Restaurant Group, Franchise Group, Wendy’s, Good Times Restaurants, Muscle Maker).

Franchise Group

https://seekingalpha.com/article/4602786-franchise-group-inc-frg-q1-2023-earnings-call-transcript

Jack in the Box

https://seekingalpha.com/article/4583496-jack-in-box-inc-jack-q1-2023-earnings-call-transcript

Dave & Buster’s

https://seekingalpha.com/article/4590791-dave-and-busters-entertainment-inc-play-q4-2022-earnings-call-transcript

Krispy Kreme

https://seekingalpha.com/article/4603257-krispy-kreme-inc-dnut-q1-2023-earnings-call-transcript

https://seekingalpha.com/article/4603060-krispy-kreme-inc-2023-q1-results-earnings-call-presentation

BRC Corp.

https://seekingalpha.com/article/4603416-brc-inc-brcc-q1-2023-earnings-call-transcript

Carrol’s