RE: CAVA, SEE OUR JUNE 13th REPORT, AVAILABLE FOR FREE
Regarding companies previously reporting:
Piper Sandler picks up a bunch: NEUTRAL on Chipotle, Sweetgreen, Starbucks, Papa John’s, Jack in the Box, Restaurant Brands, Yum Brands, Dutch Bros – OVERWEIGHT on Portillo’s, Shake Shack & Wendy’s.
TD Cowen still NEUTRAL on Wendy’s, Jack in the Box, Dutch Bros, Sweetgreen, Shake Shack & First Watch – OUTPERFORM on Starbucks, Chipotle, Yum Brands, Restaurant Brands, Wingstop & McDonald’s.
ONLY CHANGED RATING OFTHE WEEK – WEDBUSH LOWERS DINE BRANDS FROM OUTPERFORM TO NEUTRAL.
TWO FIRMS MAINTAIN McDONALD’S as a BUY
TWO FIRMS MAINTAIN DAVE & BUSTER’S as a BUY (ONE “STRONG”)
TWO FIRMS MAINTAIN BRC CORP (Black Rifle Coffee) as a BUY
ONE FIRM MAINTAINS PLANET FITNESS AS A BUY
Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Dine Brands) or initiations (Chipotle, Sweetgreen, Starbucks, Papa John’s, Jack in the Box, Restaurant Brands, Yum Brands, Dutch Bros, Portillo’s, Shake Shack, Wendy’s), or companies reporting in THE WEEK THAT WAS (none).
Dine Brands (DIN)
Papa John’s (PZZA)
Jack in the Box (JACK)
Restaurant Brands (QSR)
Yum Brands (YUM)
Dutch Bros (BROS)
Shake Shack (SHAK)
THE WEEK TO COME:
ONLY DARDEN (DRI) – BEFORE MARKET OPENS ON 6/22