THE WEEK THAT WAS, ENDING June 13th – Only One Reporting Company, stock rose over 15% – analysts re-evaluating with Two Downgrades & One Upgrade – relevant conference call transcripts are provided

Restaurant Finance Monitor

REPORTED IN PRIOR WEEKS (below):  Two Downgrades of McDonald’s (to Sell and Equal-Weight), One Initiation of Chipotle (at Neutral), One Upgrade of Yum Brands(from Neutral to Buy).

Otherwise:

Starbucks maintained: at Neutral by two firms and Outperform at 1 firm.

Chipotle reiterated at Equal Weight, Initiated by another firm at Neutral.

Maintained at Neutral Ratings were Darden and TX Roadhouse.

Maintained at Positive Ratings were Yum Brands, Planet Fitness & Papa John’s.

COMPANIES REPORTING DURING WEEK: only Dave and Buster’s, with no ratings changes (though stock went up over 15% in wake of report.  Stock maintained with Neutral ratings at 3 firms, Positively at 2 others.

Conference call transcripts are below for all companies reporting in prior weeks with ratings change in THE WEEK THAT WAS: (McDonald’s and Yum Brands)Initiations (Chipotle), or companies reporting (Dave & Buster’s).

McDonald’s (MCD)

McDonald’s Corporation (MCD) Q1 2025 Earnings Call Transcript _ Seeking Alpha

Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill, Inc. (CMG) Q1 2025 Earnings Call Transcript _ Seeking Alpha

Yum Brands, Inc. (YUM)

Yum! Brands, Inc. (YUM) Q1 2025 Earnings Call Transcript _ Seeking Alpha

Dave & Buster’s Entertainment (PLAY)

Dave & Buster’s Entertainment, Inc. (PLAY) Q1 2025 Earnings Call Transcript _ Seeking Alpha

THE WEEK TO COME – Only Darden Restaurants reporting, on Friday, June 20th, before market opens.