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YUM BRANDS (YUM)
ARK RESTAURANTS (ARKR)
RAVE RESTAURANT (RAVE)
CHEESECAKE FACTORY (CAKE)
YUM BRANDS (YUM)
YUM CHINA (YUMC)
DINE BRANDS (DIN)
DRIVEN BRANDS (DRVN)
THE WEEK THAT WAS: ENDING 8/26 – ONE UPGRADE FROM PRIOR WEEKS’ REPORTS, ONLY BRINKER REPORTS, AND DISAPPOINTS BUT ANALYSTS MAINTAIN RATINGS
Regarding companies previously reporting, NICK SETYAN upgrades Denny’s from Neutral to Outperform.
Regarding companies that reported this week, only Brinker. In wake of disappointing results, JEFF BERNSTEIN, CHRISTOPHER CARRIL AND NICK SETYAN stay Neutral, NICOLE REGAN and ANDREW STRELZIK remain Positive.
Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Denny’s) and all companies that reported last week (Brinker)
CONFERENCE CALL TRANSCRIPTS
THE WEEK TO COME
No companies are scheduled to report –
UPDATED CORPORATE DESCRIPTIONS: BLOOMIN’ BRANDS, DENNY’S, STARBUCKS, YUM BRANDS, SHAKE SHACK, PORTILLO’S – with transcripts
BLOOMIN’ BRANDS (BLMN)
YUM BRANDS (YUM)
SHAKE SHACK (SHAK)
THE WEEK THAT WAS, ENDING 5/6, LOT’S OF EARNINGS REPORTS, SEVERAL RATINGS CHANGES, MANY MORE DATA POINTS IN THE WEEK TO COME – links to transcripts provided
Starbucks reports, only change is David Palmer upgrading. Nobody wants to be negative. NICOLE REAGAN, JOHN GLASS, CHRIS CARRIL and JON TOWER stay neutral. LAUREN SILBERMAN, JEFFREY BERNSTEIN, DAVID PALMER and ANDREW CHARLES continue to like it.
Denny’s reports, NICK SETYAN still likes it.
Restaurant Brands reports, only change is CHRIS O’CULL downgrading to HOLD. M.Stanley analyst maintains underweight. JON TOWER is neutral, while CHRIS CARRIL AND LAUREN SILBERMAN like it here.
Yum Brands reports. No changes. LAUREN SILBERMAN is NEUTRAL while JON TOWER says BUY.
Brinker reports (and disappoints). DAVID PALMER downgrades to IN-LINE. BRIAN MULLAN, NICK SETYAN, and M.STANLEY analyst are NEUTRAL. BRIAN VACCARO and ERIC GONZALES continue to be positive.
Wingstop reports (and disappoints). M. Stanley analyst, NICK SETYAN, JON TOWER and ANDREW CHARLES all stick with it.
SHAKE SHACK reports. Everybody maintains. LAUREN SILBERMAN and BRIAN MULLEN are neutral, while PETER SALEH & NICK SETYAN like it.
PAPA JOHN’s reports. LAUREN SILBERMAN and NICK SETYAN continue to like it while BRIAN MULLAN is neutral.
THE WEEK TO COME: MORE DATA POINTS
5-09 After Market Close RCI Hospitality Holdings RICK
5-10 Before Market Open First Watch Restaurant Gr FWRG
5-11 Before Market Open Wendy’s WEN
5-11 Before Market Open Krispy Kreme DNUT
5-11 After Market Close Dutch Bros BROS
5-12 Before Market Open Carrols Restaurant Group TAST
UPDATED CORPORATE DESCRIPTIONS FOR DENNY’S (DENN), WINGSTOP (WING), CHEESECAKE FACTORY (CAKE), SHAKE SHACK (SHAK), BJ’S (BJRI) and CHUY’S (CHUY)
UPDATED CORPORATE DESCRIPTIONS – CHEESECAKE FACTORY, CHIPOTLE, CHUY’S, DEL TACO, EL POLLO LOCO, DENNY’S
UPDATED CORPORATE DESCRIPTIONS – SHORTLY WILL INCLUDE VIRTUALLY EVERY PUBLICLY HELD RESTAURANT COMPANY – to be updated each quarter
The summaries we show, while not complete in detail and involve a number of approximations, provide a good starting point for our own investment banking activities and will hopefully do the same for our readers.