Stephens' Cheat Sheet For Restaurant Sector's Earnings

• McDonald's Corporation MCD's Q2 should show continued acceleration in U.S. same-store sales and grow 3.5 percent.
• Global results are also expected to show signs of acceleration.
• McDonald's should earn $1.58 per share on revenue of $5.9039 billion which is below the Street's estimates of $1.62 per share and $5.9642 billion.
• Shares are Overweight rated with a $155 price target.

Chipotle Mexican Grill (Reporting Tuesday)

Domino's Pizza (Reporting Tuesday)

• Domino's Pizza, Inc. DPZ's second quarter should mark the end of a three-quarter long streak of double-digit U.S. same-store sales growth.
• Nevertheless, same-store sales are expected to grow 7.6 percent on "strong incremental sales" and "impressive traffic growth."
• However, at approximately 21x FY2018 EBITDA, the stock already prices in expectations for "impressive" growth.
• Shares are Equal-Weight rated with a $185 price target.

Buffalo Wild Wings (Reporting Wednesday)

Bojangles (Reporting Thursday)

• Top-line softness from the first quarter should have carried over into the second quarter for Bojangles Inc BOJA.
• However, the company's woes are likely temporary and a more active promotional calendar will yield positive results.
• The company also has an impressive streak of beating EPS estimates in every quarter since its IPO debut.
• Same-store sales are expected to have declined 3.0 percent in Q2.

Starbucks (Reporting Thursday)

• Starbucks Corporation SBUX's fiscal third-quarter print should show an acceleration in same-store sales.
• Same-store sales also ease in the third (modeled at +5.0 percent) and fourth quarter which provides "some top-line tailwinds."
• However, uncertainties around top-line sustainability remain along with margin pressures.
• Shares are Equal-Weight rated with a $58 price target.

Dunkin Donuts (Reporting Thursday)

• Cold Brew, espresso-based drinks and breakfast sandwiches likely helped Dunkin Brands Group Inc DNKN in the quarter.
• But the company also suffered from challenging weather in key regions and the ongoing competitive landscape, especially from McDonald's $1 and $2 beverage sales.
• The Dunkin Donuts chain should show a same-store sales growth of 0.5 percent and the entire company should earn $0.64 per share in the quarter.
• Soft traffic trends and a lack of clear catalysts should keep investors on the sidelines for now.
• Shares are Equal-Weight rated with a $54 price target.