THE WEEK THAT WAS, ENDING October 30th – six companies report - ONE DOWNGRADE - biggest week of qtr. coming up, 28 companies about to report

REPORTED IN PRIOR WEEKS – ONE DOWNGRADE – Wendy’s downgraded by Argus Research from Buy to Sell

Otherwise:

Dutch Bros maintained Positively at 2 firms.

McDonald’s maintained Neutral at 1 firm, Buy at 1 firm.

Wendy’s maintained Neutral at 2 firms.

Maintained Neutral at 1 firm were Papa John’s, Dine Brands, CAVA, Sweetgreen, Planet Fitness and Kura Sushi.

Maintained Positively at 1 firm were Texas Roadhouse and Shake Shack.

REPORTED LAST WEEK were Jersey Mike’s Subs, Cheesecake Factory, Brinker, Wingstop, Chipotle, Restaurant Brands, Starbucks. No ratings changes.

Chipotle was maintained with Neutral ratings at 5 firms, Positively at 8 firms.

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

Wingstop maintained Neutral at 2 firms, Positive at 9 firms.

Brinker maintained Positive at 7 firms.

Cheesecake Factory maintained Neutral at 2 firms, Buy at 1 firm.

Restaurant Brands maintained at Hold at 1 firm.

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Wendy’s), Reported in THE WEEK THAT WAS: (Jersey Mike’s Subs, Cheesecake Factory, Brinker, Wingstop, Chipotle, Restaurant Brands, Starbucks) and Initiated Coverage (none).

Wendy’s (WEN)

The Wendy’s Company (WEN) Q2 2026 Earnings Call Transcript _ Seeking Alpha

Jersey Mike’s Subs (JMKE)

Jersey Mike’s Subs Inc. (JMKE) Q3 2026 Earnings Call Transcript _ Seeking Alpha

The Cheesecake Factory (CAKE)

The Cheesecake Factory Incorporated (CAKE) Q3 2026 Earnings Call Transcript _ Seeking Alpha

Brinker International (EAT)

Brinker International, Inc. (EAT) Q1 2027 Earnings Call Transcript _ Seeking Alpha

Wingstop (WING)

Wingstop Inc. (WING) Q3 2026 Earnings Call Transcript _ Seeking Alpha

Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill, Inc. (CMG) Q3 2026 Earnings Call Transcript _ Seeking Alpha