REPORTED IN PRIOR WEEKS – THREE UPGRADES

Texas Roadhouse, by two firms, from Neutral to Positive.

CAVA Group, from Hold to Buy

Otherwise:

Starbucks: maintained Neutral at 2 firms.

McDonald’s: maintained Neutral at 2 firms, Overweight at 2 firms.

Yum Brands: maintained Buy at 2 firms.

Texas Roadhouse: maintained Outperform at 1 firm.

Planet Fitness: maintained Outperform at 2 firms.

Maintained Neutral at 1 firm were: Valvoline, Portillo’s, Restaurant Brands.

Maintained at Outperform  at 1 firm was The Cheesecake Factory.

NO COMPANIES IN OUR COVERAGE UNIVERSE REPORTED LAST WEEK

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Texas Roadhouse & CAVA Group), reporting in THE WEEK THAT WAS: (none) and Initiated Coverage (none).

Texas Roadhouse (TXRH)

Texas Roadhouse, Inc. (TXRH) Q2 2026 Earnings Call Transcript _ Seeking Alpha

CAVA Group (CAVA)

CAVA Group, Inc. (CAVA) Q2 2026 Earnings Call Transcript _ Seeking Alpha

COMPANIES SCHEDULED TO REPORT IN THE WEEK TO COME – NONE