
REPORTED IN PRIOR WEEKS – One Upgrade, William Blair Upgrades Driven Brands to Outperform – – One Downgrade, JP Morgan Downgrades Wendy’s to Neutral — One Initiated Coverage, Truist Securities rates CAVA Group as a Buy
Otherwise:
Dutch Bros maintained with Positive ratings by 3 firms.
Cracker Barrel maintained with Neutral rating by 1 firm, a Buy at another firm.
Starbucks is maintained at Hold by 1 firm.
Darden is maintained at Buy by 1 firm.

REPORTED IN THE WEEK THAT WAS – NO REPORTS
Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Wendy’s and Driven Brands), Reporting in THE WEEK THAT WAS: (none), and Initiated Coverage (CAVA).
The Wendy’s Company (WEN(
The Wendy’s Company (WEN) Q3 2025 Earnings Call Transcript _ Seeking Alpha
Driven Brands Holdings (DRVN)
Driven Brands Holdings Inc. (DRVN) Q3 2025 Earnings Call Transcript _ Seeking Alpha
CAVA Group (CAVA)
CAVA Group, Inc. (CAVA) Q3 2025 Earnings Call Transcript _ Seeking Alpha

