REPORTED IN PRIOR WEEKS (below):  Two Downgrades:  Shake Shack from Buy to Neutral – McDonald’s from Buy to Hold – One Upgrade: Yum Brands from Neutral to Buy – One Initiation: Sweetgreen at Neutral

Otherwise:

TX Roadhouse maintained Neutral at 1 firm and Buy at another

Wingstop maintained Buy at 2 firms

Shake Shack maintained Buy at 1 firm

McDonald’s reiterated Hold at 1 firm

Sweetgreen maintained Neutral at 1 firm

Maintained at Sell was Jack in the Box, at 1 firm

Maintained at Hold was Dave & Buster’s, at 1 firm

Maintained Positively  were Darden,  Valvoline, First Watch and Yum Brands, at 1 firm

COMPANIES REPORTING DURING WEEK: only Cracker Barrel (CBRL) with no ratings changes (though stock went down about 8% in wake of report, then partially recovered).  Stock maintained Underperform at 1 firm, Neutral at 2, Buy at another  

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Shake Shack, McDonald’s, Yum Brands), Initiations (Sweetgreen), or companies reporting in THE WEEK THAT WAS: (Cracker Barrel).

Shack Shack

Shake Shack, Inc. (SHAK) Q1 2025 Earnings Call Transcript _ Seeking Alpha

McDonald’s

McDonald’s Corporation (MCD) Q1 2025 Earnings Call Transcript _ Seeking Alpha

Yum Brands

Yum! Brands, Inc. (YUM) Q1 2025 Earnings Call Transcript _ Seeking Alpha

Sweetgreen

Sweetgreen, Inc. (SG) Q1 2025 Earnings Call Transcript _ Seeking Alpha

Cracker Barrel

Cracker Barrel Old Country Store, Inc. (CBRL) Q3 2025 Earnings Call Transcript _ Seeking Alpha

THE WEEK TO COME: Only Dave & Buster’s, reporting on Tuesday, 6/10 after market closes.