THE WEEK THAT WAS, ENDING JUNE 16 – (other than the exciting CAVA Group IPO) - NOBODY REPORTING BUT LOTS OF INITIATIONS AND MAINTENANCE - ONE DOWNGRADE - relevant transcripts

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)

https://seekingalpha.com/article/4599529-dine-brands-global-inc-din-q1-2023-earnings-call-transcript

Chipotle (CMG)

https://seekingalpha.com/article/4596549-chipotle-mexican-grill-inc-cmg-q1-2023-earnings-call-transcript

Sweetgreen (SG)

https://seekingalpha.com/article/4601344-sweetgreen-inc-sg-q1-2023-earnings-call-transcript

Starbucks (SBUX)

https://seekingalpha.com/article/4599135-starbucks-corporation-sbux-q2-2023-earnings-call-transcript

Papa John’s (PZZA)

https://seekingalpha.com/article/4600077-papa-johns-international-inc-pzza-q1-2023-earnings-call-transcript

Jack in the Box (JACK)

https://seekingalpha.com/article/4605492-jack-in-box-inc-jack-q2-2023-earnings-call-transcript