
REPORTED IN PRIOR WEEKS (below):
Wendy’s downgraded by two firms (from Neutral to Sell and from Buy to Hold.
Brinker International Upgraded by 1 firm from Equal-Weight to Over-Weight
Otherwise:
Starbucks Reiterated at Hold by 1 firm.
Dutch Bros Reiterated at Outperform by 1 firm.
Portillo’s Reiterated at Equal-Weight by 1 firm.

Reporting companies in past week: Only Rave Restaurants (RAVE), which is not covered by anyone but us. RAVE is not rated by anyone that we are aware of.
Conference call transcripts are below for all companies reporting in prior weeks with ratings change in THE WEEK THAT WAS: (Wendy’s & Brinker), Initiations (none), or companies reporting::(Rave Restaurants, but there was no conference call and obviously no transcript.)
The Wendy’s Company (WEN)
The Wendy’s Company (WEN) Q2 2025 Earnings Call Transcript _ Seeking Alpha
Brinker International (EAT)
Brinker International, Inc. (EAT) Q4 2025 Earnings Call Transcript _ Seeking Alpha
THE WEEK TO COME: NO COMPANIES ARE SCHEDULED TO REPORT
