THE WEEK THAT WAS, ENDING February 13th – 5 interesting earnings reports, 4 ratings downgrades (including 1 going private), 1 upgrade – easy access here for conference call transcripts – click through yellow box on Home Page for over 60 write-ups, your “one stop shop”

REPORTED IN PRIOR WEEKS – Four Downgrades – Texas Roadhouse from Buy to Hold, Wingstop from Buy to Hold, Valvoline from Neutral to Underweight & European Wax Center to Neutral rating by two firms (after announcing intention to go private).

Otherwise:

Texas Roadhouse maintained Neutral at 1 firm, Outperform at another.

Cheesecake Factory maintained Positively at 2 firms.

Wingstop maintained Neutral at 1 firm, Outperform at another.

REPORTED IN THE WEEK THAT WAS: McDonald’s, Restaurant Brands, Dutch Bros, Wendy’s, Ark Restaurants. – One Upgrade, McDonald’s from Hold to Buy by 1 firm.

Otherwise:

Dutch Bros maintained at Buy by 2 firms.

Restaurant Brands maintained with Neutral ratings by 2 firms, Overweight at another.

McDonald’s maintained with Neutral ratings at 4 firms, Positive ratings at 7 firms.

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Texas Roadhouse, Wingstop, Valvoline & European Wax Center), Reporting in THE WEEK THAT WAS: ( McDonald’s, Restaurant Brands, Dutch Bros, Wendy’s, Ark Restaurants) and Initiated Coverage (none).

Texas Roadhouse (TXRH)

Texas Roadhouse, Inc. (TXRH) Q3 2025 Earnings Call Transcript _ Seeking Alpha

Wingstop (WING)

Wingstop Inc. (WING) Q3 2025 Earnings Call Transcript _ Seeking Alpha

Valvoline (VVV)

Valvoline Inc. (VVV) Q1 2026 Earnings Call Transcript _ Seeking Alpha

presentation original

European Wax Center (EWCZ)

European Wax Center, Inc. (EWCZ) Q3 2025 Earnings Call Transcript _ Seeking Alpha

McDonald’s (MCD)

McDonald’s Corporation (MCD) Q4 2025 Earnings Call Transcript _ Seeking Alpha

Restaurant Brands (QSR)