PREVIOUSLY REPORTING:  Two Downgrades of McDonald’s – lots of review, in wake of McDonald’s  (E-Coli problem) and Starbucks (10% negative  US transactions in Sept.Qtr) announcements, as well as new activist in Cheesecake Factory.

Otherwise:

McDonalds: Maintained Neutral at 2 firms, Positive at 3 firms

Starbucks: Maintained Neutral at 2 firms, Buy at 3 firms

Cheesecake Factory: Maintained Neutral at 2 firms, Positive at 2 firms

Brinker: Maintained Negative at 1 firm  Neutral at 2 firms

Bloomin’ Brands: Maintained Neutral at 1 firm, Overweight at 1firm

Restaurant Brands: Maintained Underperform at 1 firm Outperform at 1

Jack in the Bo: Maintained Negative at 1 firm, Neutral at 1 firm, Buy at 1

Shake Shack, Kura Sushi, CAVA, Yum Brands all maintained Neutral at 1

Wingstop, First Watch, Papa John’s all  maintained Positive at 1 firm

COMPANIES REPORTING DURING WEEK: Only Texas Roadhouse and Denny’s – Denny’s Upgraded to Buy at 1 firm

Texas Roadhouse: Maintained Neutral at 5 firms, Positive at 5 firms

Denny’s: In addition to Upgrade, Maintained Neutral at 1 firm, Positive at 2 firms

Transcripts are below for all companies reporting in prior weeks with ratings changes ( McDonald’s, Denny’s), initiations (none),  or companies reporting (with a conference call)  in THE WEEK THAT WAS (Texas Roadhouse & Denny’s).

TRANSCRIPTS & PRESENTATIONS

McDonald’s (MCD)

McDonald’s Corporation (MCD) Q2 2024 Earnings Call Transcript _ Seeking Alpha

Texas Roadhouse (TXRH)

Texas Roadhouse, Inc. (TXRH) Q3 2024 Earnings Call Transcript _ Seeking Alpha

Denny’s (DENN)

Denny’s Corporation (DENN) Q2 2024 Earnings Call Transcript _ Seeking Alpha

BIG WEEK COMING UP!!!!