PREVIOUSLY REPORTING: Starbucks downgraded at one firm, Yum Brands downgraded at one firm, Sweetgreen upgraded at one firm and initiated at Buy at another, Chuy’s downgraded after running up with Darden’s bid.
Otherwise:
Maintained at Neutral: Denny’s, Valvoline, Jack in the Box, Bloomin’ Brands & Portillo’s
Maintained Positively: Wingstop, Cheesecake Factory & BJ’s Restaurants.
Texas Roadhouse maintained Neutral at 1 firm, Positively at 3 firms
Chipotle maintained Neutral at 1 firm, Positively at 2 firms.
Shake Shack maintained Neutral at 3 firms.
Starbucks maintained Neutral at 3 firms, plus Downgrade at 1 firm.
Darden maintained Neutral at 2 firms.
Yum Brands maintained Neutral at two firms, & Downgraded to Neutral at another
Sweetgreen Initiated at Buy at one firm, maintained at Buy at another and upgraded to Equal Weight at third.
First Watch maintained at Neutral at 1 firm and Buy at 1 firm.
Wendy’s maintained Neutral at 3 firms and Positively at 1 firm.
Chuy’s maintained at Buy at 1 firm and Downgraded to Neutral at 1 firm (post Darden bid)
Portillo’s maintained Neutral at 1 firm and Positively at1 firm.
McDonald’s maintained Neutral at 1 firm, Positively at 4 firms.
Restaurant Brands maintained Negatively at 1 firm, Neutral at1 firm.
Brinker maintained Negatively at 2 firms.
Jack in the Box maintained Neutral at 1 firm, Positively at 1 firm.
Wingstop maintained Neutral at 1 firm, Positively at 1 firm.
COMPANIES REPORTING DURING WEEK: Winmark, Rocky Mountain Chocolate & Domino’s reported. Domino’s is the only one with material analyst coverage.
Domino’s lowered guidance for new store openings and stock retreated. 4 analysts maintained Neutral ratings, 6 firms maintained Positive ratings.
Transcripts are below for all companies reporting in prior weeks with ratings changes (Starbucks, Yum Brands, Sweetgreen), initiations (Sweetgreen), or companies reporting in THE WEEK THAT WAS: (Domino’s, Rocky Mountain Chocolate, no conference call at Winmark).
TRANSCRIPTS & PRESENTATIONS
Sweetgreen (SG)
Sweetgreen, Inc. (SG) Q1 2024 Earnings Call Transcript _ Seeking Alpha
Rocky Mountain Chocolate Factory (RMCF)
Rocky Mountain Chocolate Factory, Inc. (RMCF) Q1 2025 Earnings Call Transcript _ Seeking Alpha
