REPORTED IN PRIOR WEEKS – Five Upgrades, Two Downgrades, Two Initiations
Upgraded were: Starbucks and Darden to Outperform, Brinker (by 2 firms) and Darden to Overweight.
Downgraded were: Chipotle to “Mixed” and Darden to Market Perform.
Initiated Coverage: Texas Roadhouse at Buy, Brinker International at Buy.
Otherwise:
Chipotle maintained Positively at 3 firms.
Starbucks maintained Buy at 2 firms.
Texas Roadhouse maintained Overweight at 2 firms.
Yum Brands maintained Neutral at 2 firms.
Brinker maintained at Overweight by 1 firm.
Sweetgreen maintained at Neutral by 2 firms.
Wendy’s and Cheesecake maintained at Underweight by 1 firm.
Jack in the Box and CAVA Group maintained at Equal Weight by 1 firm.
Dutch Bros, Planet Fitness, Black Rock Coffee and WIngstop maintained Positively at 1 firm.
REPORTED IN THE WEEK THAT WAS – There were no earnings reports.
Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Starbucks, Darden, Brinker, Chipotle), Reporting in THE WEEK THAT WAS: (nobody reported), and Initiated Coverage (Texas Roadhouse & Brinker).
Transcripts
Starbucks (SBUX)
Darden Restaurants (DRI)
Brinker International (EAT)
Chipotle Mexican Grill (CMG)
Texas Roadhouse (TXRH)
