THE WEEK THAT WAS, ENDING FEBRUARY 23rd – EARNINGS SEASON IN HIGH GEAR – THREE DOWNGRADES (TWICE FOR ONE COMPANY) – with relevant transcripts

PREVIOUSLY REPORTING: THREE DOWNGRADES, Wendy’s (twice) from Overweight to Neutral and from Outperform to Market Perform – TX Roadhouse (once) from Buy to Neutral

Otherwise:

Wendy’s maintained by 1 firm at Neutral and Positive at 2 firms.

Chipotle maintained by 1 firm at Underweight (Valuation we guess)

Sweetgreen maintained by 1 firm at Neutral

TX Roadhouse, in addition to the Downgrade, was maintained by 1 firm at Neutral.

COMPANIES REPORTING DURING WEEK: Bloomin’ Brands, Chuy’s, Driven Brands, Planet Fitness. Pinstripes, Winmark, Dutch Bros, MIster Car Wash, Wingstop) – Lots of information provided, but nothing to cause ratings changes.

Wingstop: 2 firms maintain Neutral, 4 firms maintain Positive ratings.

Cheesecake Factory: 3 firms maintain Neutral, 1 firm reiterates Outperform

Chuy’s: 1 firm maintains Neutral, 1 firm stays at Outperform

Jack in the Box: 4 firms stay Neutral, out remains Positive

Planet Fitness: 3 firm maintain Positive ratings.

Dutch Bros: 2 firms stay Neutral, 1 remains Positive

Driven Brands: 2 firm maintain Positive ratings.

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Wendy’s, TX Roadhouse), initiations (none), or companies reporting in THE WEEK THAT WAS: (Bloomin’ Brands, Chuy’s, Driven Brands, Planet Fitness. Pinstripes, Winmark, Dutch Bros, MIster Car Wash, Wingstop).

TRANSCRIPTS:

TX Roadhouse (TXRH)

https://seekingalpha.com/article/4670843-texas-roadhouse-inc-txrh-q4-2023-earnings-call-transcript

Wendy’s (WEN)

https://seekingalpha.com/article/4670567-wendys-company-wen-q4-2023-earnings-call-transcript

https://seekingalpha.com/article/4670594-wendys-company-2023-q4-results-earnings-call-presentation

Bloomin’ Brands (BLMN)

https://seekingalpha.com/article/4672991-bloomin-brands-inc-blmn-q4-2023-earnings-call-transcript

Chuy’s (CHUY) – not available yet

Driven Brands (DRVN)

https://seekingalpha.com/article/4672634-driven-brands-holdings-inc-drvn-q4-2023-earnings-call-transcript

Planet Fitness (PLNT)