COMPANIES PREVIOUSLY REPORTING: ONE UPGRADE (SHAKE SHACK to BUY – ONE DOWNGRADE (PLANET FITNESS to MARKET PERFORM)
Darden: Four analysts continue to like it.
Wendy’s: Two analysts are still positive.
The Joint: Maintained at Buy
Dutch Bros: Maintained at Hold
Cava Group: Initiated at Hold
Xponential Fitness: Maintained at Buy
Mister Car Wash: Maintained at Neutral
McDonald’s: Maintained at Buy
Sweetgreen: Reiterated at Outperform
BRC Corp: Reiterated at Outperform
Chipotle: Reiterated at Buy
COMPANY REPORTING DURING WEEK: ONLY CRACKER BARREL: TWO ANALYSTS CONTINUE TO BE NEGATIVE, THREE ANALYSTS ARE NEUTRAL
Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Shake Shack, Planet Fitness) or initiations (Cava Group), or companies reporting in THE WEEK THAT WAS (Cracker Barrel)
TRANSCRIPTS:
Shack Shack (SHAK)
https://seekingalpha.com/article/4623439-shake-shack-inc-shak-q2-2023-earnings-call-transcript
Planet Fitness (PLNT) – CEO Resigns
https://seekingalpha.com/pr/19465291-planet-fitness-announces-leadership-transition
https://seekingalpha.com/article/4623391-planet-fitness-inc-plnt-q2-2023-earnings-call-transcript
Cava Group (CAVA)
https://seekingalpha.com/article/4629417-cava-group-inc-cava-q2-2023-earnings-call-transcript
Cracker Barrel (CBRL)
REPORTING IN THEWEEK TO COME: DARDEN – THURSDAY 9/21 PRE-MKT.