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.


Sep 23, 2019
Suddenly -- four years later -- Chipotle's stock has completed its comeback: CEO tells MarketWatch how his company got the job done
Aug 28, 2019
Papa John's stock surges, upgraded three times after new leadership brings hope for fast change
Aug 27, 2019
Papa John's names Arby's President Rob Lynch as CEO, shares jump 7%
Aug 27, 2019
Papa John's stock soars after company names new CEO
Jul 29, 2019
Chick-fil-A likely loses out on more than $1 billion in sales every year by closing on Sundays -- and it's a brilliant business strategy


“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”