THE WEEK THAT WAS, ENDING NOVEMBER 1 – 15 COMPANIES REPORT– 1 UPGRADE, 1 DOWNGRADE – ANOTHER BIG WEEK COMING UP, 17 cos. to report – WORTH YOUR TIME are easily accessible relevant transcripts & presentations

PREVIOUSLY REPORTING: No changes here. Analysts busy with all the companies reporting, as described below.

Maintained:

With Neutral Ratings: Jack in the Box, Cava Group & Dine Brands

With Positive Ratings: Texas Roadhouse, Denny’s, Planet Fitness & BRC Corp.

COMPANIES REPORTING DURING WEEK: McDonald’s, Cheesecake, Chipotle, Brinker, Wingstop, Shake Shack, FAT Brands, Mister Car Wash, Starbucks, Wendy’s, Driven Brands, BJ’s, El Pollo Loco, Red Robin, GEN Restaurants.

Fifteen Companies Report – Wingstop Upgraded to Buy, Brinker Downgraded to Neutral.

Otherwise:

Chipotle: Maintained Neutral at 5 firms, Positive at 6 firms.

Wingstop: Other than Upgrade, maintained Positive at 3 firms.

Brinker: Other than Downgrade, maintained Neutral at 4, Positive at 1.

Cheesecake Factory: Maintained Negative at 1, Neutral at 3, Good at 2.

McDonald’s: Maintained Neutral at 2 firms, Positive at 2 firms.

Shake Shack: Maintained Neutral at 1 firm, Positive at 2 firms.

Starbucks: Maintained Neutral at 2 firms, Positive a 2 firms.

Wendy’s: Maintained Neutral at 3 firms, Positive at 1 firm.

Driven Brands: Maintained Positive at 2 firms

BJ’s Restaurants: Maintained Negative at 1 firm, Positive at 1 firm

Mister Car Wash: Maintained Neutral at 1 firm

Transcripts are below for all companies reporting in prior weeks with ratings changes (none), initiations (none), or companies reporting in THE WEEK THAT WAS (McDonald’s, Cheesecake, Chipotle, Brinker, Wingstop, Shake Shack, FAT Brands, Mister Car Wash, Starbucks, Wendy’s, Driven Brands, BJ’s, El Pollo Loco, Red Robin, GEN Restaurants).

McDonald’s Corporation (MCD)

McDonald’s Corporation (MCD) Q3 2024 Earnings Call Transcript _ Seeking Alpha

The Cheesecake Factory Incorporated (CAKE)

The Cheesecake Factory Incorporated (CAKE) Q3 2024 Earnings Call Transcript _ Seeking Alpha

Chipotle Mexican Grill, Inc. (CMG)

Chipotle Mexican Grill, Inc. (CMG) Q3 2024 Earnings Call Transcript _ Seeking Alpha

Brinker International, Inc. (EAT)

Brinker International, Inc. (EAT) Q1 2025 Earnings Call Transcript _ Seeking Alpha

Wingstop Inc. (WING)

Wingstop Inc. (WING) Q3 2024 Earnings Call Transcript _ Seeking Alpha

Shake Shack Inc. (SHAK)

Shake Shack Inc. (SHAK) Q3 2024 Earnings Call Transcript _ Seeking Alpha