
PREVIOUSLY REPORTING (below): ONE UPGRADE – CHIPOTLE MOVED FROM EQUAL WEIGHT TO OVERWEIGHT at one firm
OTHERWISE:
YUM BRANDS: maintained Neutral at 2 firms, Outperform at 1 firm
EUROPEAN WAX CENTER: maintained Market Perform at 1 firm
PAPA JOHN’S AND FAT Brands; maintained Positively at 1 firm

COMPANIES REPORTING DURING WEEK (below): Dine Brands, Meritage Hospitality, Cracker Barrel, El Pollo Loco, GEN Restaurants, Noodles, Potbelly – NO RATINGS CHANGES
OTHERWISE:
Wendys: maintained Neutral at 8 firms
Dine Brands: maintained Neutral at 4 firms
Cracker Barrel maintained Sell at 1 firm, Hold at another
GEN Restaurants and Potbelly: maintained Buy at 1 firm

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Chipotle), Initiations (none), or companies reporting in THE WEEK THAT WAS: ( Dine Brands, Meritage Hospitality, Cracker Barrel, El Pollo Loco, GEN Restaurants, Noodles, Potbelly). ).
TRANSCRIPTS:
Chipotle Mexican Grill, Inc. (CMG)
Chipotle Mexican Grill, Inc. (CMG) Q4 2024 Earnings Call Transcript _ Seeking Alpha
Dine Brands Global, Inc. (DIN)
Dine Brands Global, Inc. (DIN) Q4 2024 Earnings Call Transcript _ Seeking Alpha
Cracker Barrel Old Country Store, Inc. (CBRL)
Cracker Barrel Old Country Store, Inc. (CBRL) Q2 2025 Earnings Call Transcript _ Seeking Alpha
El Pollo Loco Holdings, Inc. (LOCO)
El Pollo Loco Holdings, Inc. (LOCO) Q4 2024 Earnings Call Transcript _ Seeking Alpha
GEN Restaurant Group (GENK)
GEN Restaurant Group, Inc. (GENK) Q4 2024 Earnings Call Transcript _ Seeking Alpha
Noodles & Company, Inc. (NDLS)
Noodles & Company, Inc. (NDLS) Q4 2024 Earnings Call Transcript _ Seeking Alpha
Potbelly Corporation (PBPB)
Potbelly Corporation (PBPB) Q4 2024 Earnings Call Transcript _ Seeking Alpha
Potbelly Corporation 2024 Q4 – Results – Earnings Call Presentation (NASDAQ _ PBPB) _ Seeking Alpha
Meritage Hospitality Group (MHGU) – no coverage, except ours, no conference call
THE WEEK TO COME

