PREVIOUSLY REPORTING: Darden’s and Chuy’s (with Darden takeover) downgraded. Driven Brands Initiated at Market Perform. Otherwise:

Darden maintained at Neutral at 1 firm.

Starbucks maintained at Hold at 1 firm and Outperform at another.

Yum Brands, McDonald’s, Starbucks all maintained at Neutral by one firm.

COMPANIES REPORTING DURING WEEK: Chipotle, Texas Roadhouse & BJ’s Restaurants. 

Chipotle maintained Neutral at 7 firms, maintained Positively at 9 firms.

Texas Roadhouse maintained Positively at 5 firms.

BJ’s Restaurants maintained at Underweight at1 firm, maintained Positively at another, and Downgraded at last.

Transcripts are below for all companies reporting in prior weeks with ratings changes (Darden),  initiations (Driven Brands),  or companies reporting in THE WEEK THAT WAS: (Chipotle, Texas Roadhouse, BJ’s Restaurants).

TRANSCRIPTS & PRESENTATIONS

Darden (DRI)

Restaurant M&A _ Darden Restaurants acquires Chuy’s Holdings for $605M (NYSE _ DRI) _ Seeking Alpha

Driven Brands (DRVN)

Driven Brands Holdings Inc. (DRVN) Q1 2024 Earnings Call Transcript _ Seeking Alpha

Chipotle (CMG)

Chipotle Mexican Grill, Inc. (CMG) Q2 2024 Earnings Call Transcript _ Seeking Alpha

Texas Roadhouse (TXRH))

Texas Roadhouse, Inc. (TXRH) Q2 2024 Earnings Call Transcript _ Seeking Alpha

BJ’s Restaurants (BJRI)

BJ’s Restaurants, Inc. (BJRI) Q2 2024 Earnings Call Transcript _ Seeking Alpha