247Wallst·2026-03-09 14:25Group 1: Starbucks - Starbucks was downgraded to Peer Perform from Outperform by Wolfe Research, with no price target set, due to the need for evidence of sustained execution amidst an increasingly competitive coffee landscape [1] - Q1 FY2026 revenue for Starbucks was $9.92 billion, reflecting a 5.5% year-over-year increase, while global comparable store sales grew by 4% [1] - Non-GAAP EPS of $0.56 missed the consensus estimate of $0.59, and GAAP operating margin contracted by 290 basis points to 9.0%, with net income falling by 62.44% year-over-year [1] - The consensus target price for Starbucks is $100.44, with 13 buy ratings, 14 holds, and 4 sell or strong sell ratings [1] Group 2: Brinker International - Brinker was upgraded to Outperform with a price target of $184, attributed to Chili's "earned value credibility" and traffic outperformance [1] - Chili's has achieved 19 consecutive quarters of same-store sales growth, with Q2 FY2026 comparable sales up 8.6% and a two-year comp stack of 43% [1] - Non-GAAP EPS for Brinker was $2.87, exceeding the estimate of $2.63 by 9.24%, and the company raised its full-year FY2026 EPS guidance to $10.45-$10.85 [1] - The broader analyst community shows strong support with 13 buy ratings, 3 strong buys, and zero sell ratings, and a consensus target of $189.25 [1] Group 3: Wingstop - Wingstop received an Outperform initiation with a price target of $320, driven by strong unit growth supported by franchisees [1] - The company opened a record 493 net new restaurants in FY2025, achieving 19.2% unit growth, despite domestic same-store sales declining by 5.8% in Q4 2025 [1] - FY2025 Adjusted EBITDA grew by 15%, and FY2026 guidance anticipates flat to low-single digit domestic same-store sales growth alongside 15%-16% global unit expansion [1] - Wall Street consensus for Wingstop includes 20 buy ratings, 4 strong buys, and a target of $325.66, with shares currently at $222.20 [1]