CARROL’S RESTAURANT GROUP (TAST)
RAVE RESTAURANT GROUP (RAVE)
DUTCH BROS. (BROS)
UPDATED CORPORATE DESCRIPTIONS: WENDY’S, DUTCH BROS, RED ROBIN, CARROL’S, GOOD TIMES RESTAURANTS – with relevant transcripts
RED ROBIN GOURMET BURGERS
GOOD TIMES RESTAURANTS
UPDATED CORPORATE DESCRIPTIONS: THE ONE GROUP (STKS), WENDY’S (WEN), DUTCH BROS (BROS), BLACK RIFLE COFFEE (BRCC), CARROL’S (TAST), FIESTA RESTAURANT (FRGI), BBQ HOLDINGS (BBQ) – with transcripts
THE ONE GROUP HIOSPITALITY
BRC – BLACK RIFLE COMPANY
UPDATED CORPORATE DESCRIPTIONS: CARROL’S, FLANIGAN’S, BRINKER, FIESTA RESTAURANT GROUP, PORTILLO’S, EL POLLO LOCO – recent conference call transcripts
FIESTA RESTAURANT GROUP (FRGI)
EL POLLO LOCO (LOCO)
ICR CONFERENCE APPEARANCES STIMULATE PUBLIC UPDATES, AND INTRA-DAY VOLATILITY IN A SKITTISH STOCK MARKET
Publicly held restaurant, franchising and retailing companies appear today, again tomorrow and Wednesday morning at ICR’s “must attend” conference, usually in Orlando but held virtually again this year.
Announcements have often preceded the public appearances and the news has sometimes been unsettling, stock prices reacted accordingly. We provide below links to the news releases that have triggered the largest price changes.
BURGERFI (BFI – consolidating after acquiring Anthony’s Coal Fired Pizza – up 0.35%)
DUTCH BROS INC. (BROS – got hit early, closed up 2.88%)
CARROL’S RESTAURANT GROUP ((TAST – already at a multi-year low – up 0.34%)
NOODLES (NDLS – announces major multi-unit franchise agreement – up 6.33%)
FIRST WATCH RESTAURANTS, Inc. (FWRG – finding its footing after IPO – up 2.33%)
RCI Hospitality (RICK – presentation fine, just profit taking after recent run – down 3.58%)
THE WEEK THAT WAS – QUIET SEASON, ANALYSTS RETHINK A FEW RATINGS AHEAD OF ICR (USUALLY IN ORLANDO, NOW VIRTUAL) CONFERENCE NEXT WEEK
Todd Brooks Initiates WING at Hold. Nicole Regan Upgrades MCD to OverWeight and Downgrades CAKE and QSR to Neutral. James Rutherford Upgrades CAKE to OverWeight and Downgrades DPZ and TAST to UnderWeight and EqualWeight respectively. Nick Setyan Initiates STKS at Outperform. Dennis Geiger Upgrades TXRH to Buy.
MOST RECENT COMPANY TRANSCRIPTS WHERE RATINGS WERE CHANGED
THE ONE GROUP HOSPITALITY
NEXT WEEK: No restaurant companies scheduled to report. Major event is ICR Conference, which we will attend, and report on.
RESTAURANT COMPANIES TO REPORT THIS WEEK: FWRG, DNUT, TAST, RRGB, ARCO,WEN, BROS, FRGI, KRUS
The following are transcripts from the conference calls following release of earnings:
DNUT PRESENTATION- SLIDES
ARCOS SLIDE PRESENTATION