THE WEEK THAT WAS, ENDING October 24th – no earnings reports, extensive maintenance prior to earnings season – One Upgrade, One Initiation – easy access here for conference call transcripts – click through yellow box on Home Page for over 60 write-ups

DC Advisory

REPORTED IN PRIOR WEEKS – One Upgrade, Goldman Sachs Upgrades Darden to BUY and also Initiates Coverage of CAVA Group  with Neutral rating.

Otherwise: 

Brinker maintained Neutral by 2 firms, Buy at 1 firm.

McDonald’s maintained Neutral at 1 firm, Positive at 2 firms.

Shake Shack maintained Neutral at 1 firm, Overweight at 1 firm.

Dutch Bros maintained Overweight at 2 firms.

CAVA Group maintained Equal Weight at 2 firms, Initiated Neutral at 1firm.

Yum Brands maintained Neutral at 1 firm, Overweight at 1 firm.

Wingstop maintained Overweight at 2 firms.

Wendy’s maintained Sell at 1 firm, Equal-Weight at 1 firm.

Din Brands maintained Equal-weight at 1 firm, Over-weight at 1 firm.

Chipotle maintained Equal-Weight at 1 firm, Positive a 2 firms.

Starbucks maintained Neutral at 1 firm, Overweight at 2 firms.

Valvoline maintained Positive at 2 firms.

Maintained Under-weight at 1 firm were BJ’s Restaurants and Cheesecake Factory.

Maintained Equal-Weight at 1 firm were TX Roadhouse, Sweetgreen, Kura Sushi & Jack in the Box.

Maintained at Overweight by 1 firm was Driven Brands.

Upgraded to Buy by Goldman Sachs was Darden.

Reporting companies in past week: None

Conference call transcripts are below for all companies reporting in prior weeks with ratings change in THE WEEK THAT WAS: (Darden), Initiated Coverage (CAVA Groupcompanies reporting: (none)

Darden Restaurants (DRI)

Darden Restaurants, Inc. (DRI) Q1 2026 Earnings Call Transcript _ Seeking Alpha

Darden Restaurants, Inc. 2026 Q1 – Results – Earnings Call Presentation (NYSE _ DRI) 2025-09-18 _ Seeking Alpha

CAVA Group (CAVA)

CAVA Group, Inc. (CAVA) Q2 2025 Earnings Call Transcript _ Seeking Alpha

CAVA Group, Inc. 2025 Q2 – Results – Earnings Call Presentation (NYSE _ CAVA) 2025-08-12 _ Seeking Alpha