Restaurants Research

Title Tickers Date
WEN: Wendy's - 3Q18: Quick Hits from Earnings Call & Management Follow-up; Jury Out on SSS Quick Fix, But FCF Story Largely Intact WEN 2018-11-07
RRGB: Red Robin - 3Q: Quick Hits from Earnings & Management Follow Up Calls – No Quick Fixes; We See RRGB Finding Valuation Support at 5x EBITDA RRGB 2018-11-06
WEN: Wendy's - First Look: 3Q SSS (-0.2%) Fall Well Below +0.5% to +1% Whisper; What Happened and What Does this Mean for 2020 Targets? WEN 2018-11-06
WING: Wingstop - Adjusting Estimates in Anticipation of Debt Refinancing and Special Dividend Payment WING 2018-11-01
YUM: Yum! Brands - Earnings Call Quick Hits: TB Keeps Rolling, PH International Woes Long Tailed, GrubHub Fair-Value Benefit Looks to Reverse in 4Q18 YUM 2018-10-31
BJRI: BJ's Restaurants - 3Q18 Quick Hits: Awesome Quarter: But As Good As It Gets with BJRI Lapping Multiple SSS & Margin Initiatives BJRI 2018-10-30
CAKE: Cheesecake Factory - 3Q18 Quick Hits from the Earnings Call: Labor Headwinds Moderate Slightly, But Holding Margins in 2019 Far from a Layup CAKE 2018-10-30
EAT: Brinker International - F1Q19 Quick Hits from the Earnings Call: Challenges Await with SSS Comparisons Much Tougher in Coming Quarters EAT 2018-10-30
EAT: Brinker International - EAT First Look: No Surprises with SSS/EPS; Does Not Get Easier from Here with Tougher Compares Around the Corner EAT 2018-10-30
TXRH: Texas Roadhouse - Best-in-Class SSS Do Not Come Cheaply: EPS Estimates Poised to Come Down Materially as TXRH Absorbs Ongoing Labor Inflation TXRH 2018-10-29
WING: Wingstop - 3Q18 Quick Hits from the Earnings Call – The Drivers Are in Place for Continued SSS & EPS Upside in 2019E WING 2018-10-29
BLMN: Bloomin Brands, Inc. - 3Q18: Quick Hits from Earnings Call: BLMN Confident SSS Momentum Has Legs and We Agree BLMN 2018-10-29
BLMN: Bloomin Brands, Inc. - 3Q18 First Look: Healthy SSS Upside with Tax-Rate Driven EPS Upside; 2018 SSS and EPS Guidance Raised BLMN 2018-10-29
CMG: Chipotle - 3Q18: Quick Hits from Earnings Call: New Advertising Resonating; Digital Sales Growth Coming at Expense of On-Premise Sales CMG 2018-10-25
DNKN: Dunkin' Brands - 3Q18: Quick Hits from the Earnings Call DNKN 2018-10-25
DNKN: Dunkin' Brands - DNKN First Look: Healthy Tax-Rate Driven EPS Upside, but Dunkin’ U.S. SSS Fall Short of Expectations DNKN 2018-10-25
MCD: McDonald's - 3Q18: Quick Hits from Earnings Call & Management Follow-up MCD 2018-10-23
MCD: McDonald's - MCD First Look: Int’l Holding Down the Fort & Then Some, While U.S. Absorbs Short-Term Remodel-Driven Margin Headwinds MCD 2018-10-23
MCD: McDonald's - Geolocation Case Studies: Peeling Back the Curtain on Traffic Trends Before, During and After Remodels MCD 2018-10-22
WING: Wingstop - Sizeable Value Creation Premium Justified: We See Several Years of Mid-to High-Teens EBITDA Growth on Minimal Capex WING 2018-10-19

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