PREVIOUSLY REPORTING: Tremendous action relative to Brian Niccol moving from Chipotle to Starbucks. 6 firms Upgrade Starbucks to Positive ratings. 1 firm Upgrades Chipotle to Outperform.
Separately: Dutch Bros is Upgraded to Buy at 1 firm.
Otherwise:
Starbucks is maintained at Neutral by 2 firms and at Overweight by 1 firm.
Chipotle is maintained at Equal-Weight at 1 firm, and Positively at 5 firms.
Maintained by 1 firm at Neutral are Chuy’s and Restaurant Brands.
Maintained by 1 firm Positively are Sweetgreen, Valvoline, Potbelly, Wingstop & RCI Hospitality.
COMPANIES REPORTING DURING WEEK: Ark Restaurants, Arcos Dorados, Brinker International, European Wax Center, Flanigan’s, BT Brands, Noble Roman’s
Only ratings changes: European Wax Center Downgraded from Buy to Neutral, Brinker Upgraded from Sector Weight to Overweight
Otherwise:
European Wax Center maintained Neutral at 2 firms, maintained Positively at 2 firms.
Brinker International maintained at 5 firms Neutral, at 1 firm Positively.
Red Robin Gourmet Burgers maintained by 1 firm at Buy.
Transcripts are below for all companies reporting in prior weeks with ratings changes (Starbucks, Chipotle, Dutch Bros), initiations (Valvoline), or companies reporting in THE WEEK THAT WAS (Ark Restaurants, Arcos Dorados, Brinker International, European Wax Center, Flanigan’s, BT Brands, Noble Roman’s) ).
TRANSCRIPTS & PRESENTATIONS
Starbucks (SBUX)
Starbucks names Brian Niccol as Chairman and Chief Executive Officer _ Seeking Alpha
Chipotle Mexican Grill (CMG)
Starbucks names Brian Niccol as Chairman and Chief Executive Officer _ Seeking Alpha
Dutch Bros, Inc. (BROS)
Dutch Bros, Inc. (BROS) Q2 2024 Earnings Call Transcript _ Seeking Alpha
Dutch Bros Inc. 2024 Q2 – Results – Earnings Call Presentation (NYSE _ BROS) _ Seeking Alpha
Valvoline Inc. (VVV)
Valvoline Inc. (VVV) Q3 2024 Earnings Call Transcript _ Seeking Alpha
Valvoline Inc. 2024 Q3 – Results – Earnings Call Presentation (NYSE _ VVV) _ Seeking Alpha
Ark Restaurants Corp. (ARKR)
Ark Restaurants Corp. (ARKR) Q3 2024 Earnings Call Transcript _ Seeking Alpha
Arcos Dorados Holdings Inc. (ARCO)
Arcos Dorados Holdings Inc. (ARCO) Q2 2024 Earnings Call Transcript _ Seeking Alpha
Brinker International, Inc.(EAT)
Brinker International, Inc. (EAT) Q4 2024 Earnings Call Transcript _ Seeking Alpha
European Wax Center, Inc. (EWCZ)
European Wax Center, Inc. (EWCZ) Q2 2024 Earnings Call Transcript _ Seeking Alpha
Noble Roman’s, Inc. (NROM)
BT Brands (BTBD) and Flanigan’s (BDL) did not have conference calls.
