THE WEEK THAT WAS, ENDING MAY 3rd – 19 COMPANIES REPORT, 1 UPGRADE, 2 DOWNGRADES, 1 INITIATION – ANOTHER BIG WEEK COMING UP - with relevant transcripts & presentations

PREVIOUSLY REPORTING: No changes in ratings, One Initiation (Red Robin, with a Buy)

Otherwise:

McDonald’s: ten firms maintain BUY ratings

Sweetgreen: The One Group (reporting next week) maintained Positively

COMPANIES REPORTING DURING WEEK: Yum China, Brinker, McDonald’s, Rest.Brands, Starbucks, Denny’s, Regis, Wingstop, Yum Brands, Mr. Carwash,Driven Brands, Shake Shack, Wendy’s, Xponential Fitness, Good Times, BJ’s, TX Roadhouse, The Joint, El Pollo Loco – ONE UPGRADE (Mister Carwash to BUY) – TWO DOWNGRADES (Starbucks and Driven Brands to NEUTRAL) – Otherwise

TX Roadhouse: Seven firms maintain NEUTRAL, Five firms remain Positive

BJ’s Restaurants: One firm maintains NEGATIVE, Three firms stay Positive

Restaurant Brands: Two firms stay NEGATIVE, Six are Positlve

Brinker Int’l: Two Firms are Neutral, Two are Positive

Denny’s: One firm is Neutral, Two are Positive

Wingstop: Four firms are Neutral, Six are Positive

Yum Brands: Two firms are Neutral, Two are Positive

Driven Brands: aside from the Downgrade, One firm is Neutral, Two are Positive

Shake Shack: Four firms are Neutral, Two remain positive

Wendy’s: Four firms remain Neutral, Two remain at Buy

BJ’s Restaurants: One firm remains Negative, Two stay Positive

Starbucks: Aside from the Downgrade, Seven firms stay Neutral, Four remain Positive

The Joint is maintained BUY at one firm

One firm remains POSITIVE on El Pollo Loco, Xponential Fitness & Mister Carwash

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (none), initiations (Red Robin), or companies reporting in THE WEEK THAT WAS: (Yum China, Brinker, McDonald’s, Rest. Brands, Starbucks, Denny’s, Regis, Wingstop, Yum Brands, Mr. Car Wash, Driven Brands, Shake Shack Wendy’s, Xponential Fitness, Good Times, BJ’s, TX Roadhouse, The Joint, El Pollo Loco)

TRANSCRIPTS & PRESENTATIONS

Red Robin Gourmet Burgers (RRGB)

https://seekingalpha.com/article/4674633-red-robin-gourmet-burgers-inc-rrgb-q4-2023-earnings-call-transcript

Yum China (YUMC)

https://seekingalpha.com/article/4687395-yum-china-holdings-inc-yumc-q1-2024-earnings-call-transcript

Brinker Int’l (EAT)

https://seekingalpha.com/article/4687669-brinker-international-inc-eat-q3-2024-earnings-call-transcript

McDonald’s (MCD)

https://seekingalpha.com/article/4687515-mcdonalds-corporation-mcd-q1-2024-earnings-call-transcript

Restaurant Brands (QSR)

https://seekingalpha.com/article/4687603-restaurant-brands-international-inc-qsr-q1-2024-earnings-call-transcript

Starbucks (SBUX)