THE WEEK THAT WAS, ENDING AUGUST 4TH – SEVENTEEN COMPANIES REPORT - THREE UPGRADES, TWO DOWNGRADES - with relevant transcripts

COMPANIES PREVIOUSLY REPORTING: ONE UPGRADE , SWEETGREEN TO OVERWEIGHT

Restaurant Brands (QSR) maintained at Outperform

BJ’s Restaurants (BJRI) maintained at Neutral

European Wax Center (EWCZ) maintained at Outperform

COMPANIES REPORTING IN PAST WEEK – SEVENTEEN COMPANIES REPORTED:

Yum Brands, Dine Brands, Driven Brands, Starbucks, Wingstop, Shake Shack, Planet Fitness, Bloomin’ Brands, Portillo’s, Chuy’s, Papa John’s, First Watch, Denny’s, Cheesecake Factory, The One Group Hospitality, FAT Brands, Exponential Fitness

Ratings Changes: Driven Brands downgraded to Market Perform, Wingstop upgaded to Buy, Shake Shack upgaded to Outperform, Bloomin’Brands downgraded to Market Perform

Ratings maintained:

Yum Brands: 3 Neutral, 2 Positive

Dine Brands: 1 Neutral, 2 Positive

Driven Brands: 2 Neutral, 4 Positive

Starbucks: 4 Neutral, 2 Positive

Wingstop: 6 Neutral, 6 Positive

Shake Shack: 5 Neutral 2 Positive

Planet Fitness : 1 Neutral, 4 Positive

Bloomin’ Brands:3 Neutral

Portilllo’s: 2 Positive

Chuy’s: 1 Neutral, 3 Positive

First Watch : 2 Neutral, 2 Positive

Papa John’s: 1 Neutral, 2 Positive

Denny’s: 1 Neutral, 2 Positive

Cheesecake Factory: 1 Negative, 1 Neutral, 1 Positive

The One Group Hospitality: 1 Neutral, 1 Positve

Exponential Fitness: 1 Positive

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Sweetgreen) or initiations (none ), or companies reporting in THE WEEK THAT WAS (Yum Brands, Dine Brands, Driven Brands, Starbucks, Wingstop, Shake Shack, Planet Fitness, Bloomin’ Brands, Portillo’s, Chuy’s, Papa John’s,First Watch, Denny’s, Cheesecake Factory, The One Group Hospitality, FAT Brands, Exponential Fitness).

Sweetgreen

https://seekingalpha.com/article/4620881-sweetgreen-inc-sg-q2-2023-earnings-call-transcript

Yum Brands

https://seekingalpha.com/article/4622692-yum-brands-inc-yum-q2-2023-earnings-call-transcript

Dine Brands

https://seekingalpha.com/article/4623492-dine-brands-global-inc-din-q2-2023-earnings-call-transcript

Driven Brands

https://seekingalpha.com/article/4622850-driven-brands-holdings-inc-drvn-q2-2023-earnings-call-transcript

Starbucks

https://seekingalpha.com/article/4622484-starbucks-corporation-sbux-q3-2023-earnings-call-transcript

Wingstop

https://seekingalpha.com/article/4622936-wingstop-inc-wing-q2-2023-earnings-call-transcript