4

PREVIOUSLY REPORTING:  Shake Shack and Dutch Bros upgraded, otherwise:

Darden: maintained once Neutral, once Positively

Shake Shack maintained once at Underweight (valuation no doubt)

Sweetgreen maintained once Neutral, twice Positively

Yum Brands maintained twice Positively

Exponential Fitness maintained twice Positively

Cracker Barrel maintained once at Neutral

Maintained Positively, at one firm: Planet Fitness, Dave & Buster’s, Red Robin, Dine Brands, Yum China & Wingstop

COMPANIES REPORTING DURING WEEK: First Watch, European Wax Center, BRC Corp (Black Rifle Coffee), Gen Restaurants, The Joint, Noodles, Potbelly, El Pollo Loco

First Watch maintained twice at Neutral, twice Positively

European Wax Center maintained twice Positively

Potbelly maintained at three firms with Buy ratings

Gen Restaurant maintained at three firms with Buy ratings

BRC Corp reiterated Outperform at one firm

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Shake Shack and Dutch Bros),  initiations (none), or companies reporting in THE WEEK THAT WAS: (First Watch, European Wax Center, BRC Corp (Black Rifle Coffee), Gen Restaurants, The Joint, Noodles, Potbelly, El Pollo Loco)

TRANSCRIPTS & PRESENTATIONS:

Shake Shack (SHAK)

https://seekingalpha.com/article/4670591-shake-shack-inc-shak-q4-2023-earnings-call-transcript

Dutch Bros (BROS)

https://seekingalpha.com/article/4672192-dutch-bros-inc-bros-q4-2023-earnings-call-transcript

https://seekingalpha.com/article/4672136-dutch-bros-inc-2023-q4-results-earnings-call-presentation

First Watch Restaurant Group (FWRG)

https://seekingalpha.com/article/4675969-first-watch-restaurant-group-inc-fwrg-q4-2023-earnings-call-transcript

European Wax Center (EWCZ)

https://seekingalpha.com/article/4676363-european-wax-center-inc-ewcz-q4-2023-earnings-call-transcript

BRC Corp (Black Rifle Coffee)

https://seekingalpha.com/article/4676659-brc-inc-brcc-q4-2023-earnings-call-transcript

https://seekingalpha.com/article/4676593-brc-inc-2023-q4-results-earnings-call-presentation

Gen Restaurants (GENK)

https://seekingalpha.com/article/4676478-gen-restaurant-group-inc-genk-q4-2023-earnings-call-transcript

The Joint (JYNT)

https://seekingalpha.com/article/4676870-joint-corp-jynt-q4-2023-earnings-call-transcript

https://seekingalpha.com/article/4676903-joint-corp-2023-q4-results-earnings-call-presentation

Noodles (NDLS)

https://seekingalpha.com/article/4676893-noodles-and-company-ndls-q4-2023-earnings-call-transcript

Potbelly (PBPB)

https://seekingalpha.com/article/4676861-potbelly-corporation-pbpb-q4-2023-earnings-call-transcript

https://seekingalpha.com/article/4676797-potbelly-corporation-2023-q4-results-earnings-call-presentation

El Pollo Loco (LOCO)

https://seekingalpha.com/article/4676869-el-pollo-loco-holdings-inc-loco-q4-2023-earnings-call-transcript

THE WEEK TO COME: