
REPORTED IN PRIOR WEEKS – NO RATING CHANGES, A MODEST AMOUNT OF MAINTENANCE, ANALYSTS APPARENTLY BUSY ATTENDING RESTAURANT FINANCE DEVELOPMENT CONFERENCE IN LAS VEGAS – A GOOD TIME WAS HAD BY ALL!
All maintained with Neutral ratings by one firm: Shake Shack, Portillo’s, Kura Sushi, CAVA Group, Planet Fitness, The Joint, Wendy’s.

REPORTED LAST WEEK were: Noodles, Arcos Dorados, Black Rock Coffee Bar, Noble Roman’s, GEN Restaurants. No rating changes.
Black Rock Coffee Bar (BRCB) maintained Neutral by 1 firm, Buy at 1 firm.
Arcos Dorados Holdings (ARCO) maintained Overweight at 1 firm.

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (none), Reported in THE WEEK THAT WAS: (Noodles, Arcos Dorados, Black Rock Coffee Bar, Noble Roman’s, GEN Restaurants) and Initiated Coverage (none).
Noodles & Company (NROM)
Noodles & Company (NDLS) Q3 2026 Earnings Call Transcript _ Seeking Alpha
Arcos Dorados Holding (ARCO)
Arcos Dorados Holdings Inc. (ARCO) Q3 2026 Earnings Call Transcript _ Seeking Alpha
Black Rock Coffee Bar (BRCB)
Noble Roman’s (NROM) – conference call scheduled for 11/16 post market close
GEN Restaurants (GENK)
GEN Restaurant Group, Inc. (GENK) Q3 2026 Earnings Call Transcript _ Seeking Alpha

