REPORTED IN PRIOR WEEKS – no rating changes but six Initiations, 3 Neutral, 3 Buys

Initiated with Neutral ratings were: Kura Sushi, CAVA Group, Dave & Buster’s.

Initiated with Buy ratings were: Dutch Bros, El Pollo Loco, First Watch.

Otherwise:

Kura Sushi maintained with Buy at 1 firm.

Dutch Bros maintained at Outperform at 1 firm.

Cheesecake Factory maintained Neutral at 1 firm.

Maintained Positively by 1 firm were: Darden, Shake Shack, McDonald’s, Papa John’s

THERE WERE NO COMPANIES REPORTING IN THE LAST WEEK

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (none), reporting in THE WEEK THAT WAS: (none) and Initiated Coverage (Kura Sushi, Dutch Bros, CAVA Group, Dave & Buster’s, El Pollo Loco, First Watch).

Kura Sushi USA (KRUS)

Kura Sushi USA, Inc. (KRUS) Q2 2026 Earnings Call Transcript _ Seeking Alpha

Dutch Bros (BROS)

Dutch Bros Inc. (BROS) Q1 2026 Earnings Call Transcript _ Seeking Alpha

CAVA Group (CAVA)

CAVA Group, Inc. (CAVA) Q1 2026 Earnings Call Transcript _ Seeking Alpha

Dave & Buster’s Entertainment (PLAY)

Dave & Buster’s Entertainment, Inc. (PLAY) Q1 2027 Earnings Call Transcript _ Seeking Alpha

El Pollo Loco (LOCO)

El Pollo Loco Holdings, Inc. (LOCO) Q1 2026 Earnings Call Transcript _ Seeking Alpha

First Watch Restaurant Group (FWRG)

First Watch Restaurant Group, Inc. (FWRG) Q1 2026 Earnings Call Transcript _ Seeking Alpha