Insight for Informed Restaurant Investing

"One of Wall Street's

top analysts" -CNBC

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Kalinowski Equity Research LLC provides its clients with value-added, forward-looking information that helps them make highly-informed decisions about restaurant-stock investing.


June 28, 2019

“Why Red Robin is under siege”

June 28, 2019

“Reservations for the Taco Bell hotel sold out in two minutes”

June 24, 2019

“Fresh beef Quarter Pounders help McDonald’s gain market share for the first time in 5 years”

June 19, 2019

“Does Chick-fil-A’s Growth have a Ceiling?”

June 1, 2019

“Chick-fil-A is dominating fast food while teaching workers to say ‘my pleasure’…”

April 23, 2019

“Are McDonald’s global menu favorites coming to U.S. stores?”

April 23, 2019

“Starbucks rival Luckin Coffee files for U.S. IPO”

January 31, 2019

“McDonald’s Downplays Franchisee Unrest, But Expects Costs To Hit Profits”

January 30, 2019

“Starbucks is scrambling to distance itself from Howard Schultz”

January 29, 2019

“Starbucks could get dragged into politics by a Howard Schultz run for president”

January 28, 2019

“McDonald’s operators reveal aspirations for National Owners Association”

January 28, 2019

“Ex-Starbucks CEO Howard Schultz teases presidential run”


“Mark Kalinowski has his finger on the pulse of
the restaurant business like no other Wall Street
analyst…. he has broken more news about
McDonald’s than the reporters assigned to the
beat…Kalinowski rolls up his sleeves, dives in
and brings important news to the surface for clients”

-Huffington Post

“The Burger King with accurate
predictions… The Big Mac of predicting
the company’s [McDonald’s] sales.”

-The Wall Street Journal


Mark Kalinowski

Mark Kalinowski is the founder, President, and CEO of Kalinowski Equity Research LLC. Mr. Kalinowski served Nomura Instinet as a Managing Director and as its lead U.S. restaurant analyst for 2015-18. During this time, he was named by the Huffington Post as one of “10 Who Shaped the Burger Business,” along with the CEOs of McDonald’s and Shake Shack.

Prior to this, Mr. Kalinowski supported Janney Montgomery Scott as a Managing Director and its lead restaurant analyst during 2009-15. By the end of his time with Janney, Mr. Kalinowski was the top-ranked analyst at Janney, according to that firm’s salesforce. Before joining Janney, Mr. Kalinowski was a Partner and the lead restaurant analyst for Buckingham Research Group. With Buckingham, Mr. Kalinowski earned the #1 rankings in 2006 for Institutional Investor’s “Best Boutiques & Regionals” and “Best Independents” regarding his restaurant-industry coverage. Before his time with Buckingham, Mr. Kalinowski spent nine years with Citigroup/Smith Barney. Awards he earned while with Citigroup include three “All-Star Analyst Team” rankings by Institutional Investor and a Wall Street Journal “Best on the Street” award for successful stockpicking.

To this day, Mr. Kalinowski continues to publish his proprietary McDonald’s Franchisee Survey, which he began in 2003, and for which he has been quoted in numerous media outlets, including CNBC, CNN, Fox News, The New York Times, and The Wall Street Journal. He earned both his bachelor’s degree and his MBA from the University of Michigan.

Mr. Kalinowski has eaten at each of the 250 largest restaurant chains in the U.S. — to the best of his knowledge, the first-ever and still only person to do so.


For information on our recent reports or for inquries:

July 19, 2019

“Chick-fil-A consulted Ritz-Carlton and fine-dining pro Danny Meyer on how to make its customer service better than any other fast-food chain”