THE WEEK THAT WAS, ENDING December 5th – no earnings reports but TWO RATINGS CHANGES AND ONE INITIATION – easy access here for conference call transcripts – click through yellow box on Home Page for over 60 write-ups, updates almost compete through 9/30

DC Advisory

REPORTED IN PRIOR WEEKS – One Upgrade, William Blair Upgrades Driven Brands to Outperform – – One Downgrade, JP Morgan Downgrades Wendy’s to Neutral — One Initiated Coverage, Truist Securities rates CAVA Group as a Buy

Otherwise: 

Dutch Bros maintained with Positive ratings by 3 firms.

Cracker Barrel maintained with Neutral rating by 1 firm, a Buy at another firm.

Starbucks is maintained at Hold  by 1 firm.

Darden is maintained at Buy by 1 firm.

REPORTED IN THE WEEK THAT WAS – NO REPORTS

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Wendy’s and Driven Brands), Reporting in THE WEEK THAT WAS: (none), and Initiated Coverage (CAVA).

The Wendy’s  Company (WEN(

The Wendy’s Company (WEN) Q3 2025 Earnings Call Transcript _ Seeking Alpha

The Wendy’s Company 2025 Q3 – Results – Earnings Call Presentation (NASDAQ _ WEN) 2025-11-07 _ Seeking Alpha

Driven Brands Holdings (DRVN)

Driven Brands Holdings Inc. (DRVN) Q3 2025 Earnings Call Transcript _ Seeking Alpha

Driven Brands Holdings Inc. 2025 Q3 – Results – Earnings Call Presentation (NASDAQ _ DRVN) 2025-11-04 _ Seeking Alpha

CAVA Group (CAVA)

CAVA Group, Inc. (CAVA) Q3 2025 Earnings Call Transcript _ Seeking Alpha

CAVA Group, Inc. 2025 Q3 – Results – Earnings Call Presentation (NYSE _ CAVA) 2025-11-05 _ Seeking Alpha