REPORTED IN PRIOR WEEKS –  ONE INITIATION, Jefferies starts Shake Shack with a BUY. – TWO DOWNGRADES, William Blair Downgrades Driven Brands to Market Perform &  JP Morgan Downgrades Bloomin’ Brands to Underweight.

Otherwise:

Shake Shack is maintained at Neutral by 1 firm.

Restaurant Brands is maintained at Neutral by 1 firm, Positive at 3 firms.

McDonald’s is maintained Neutral by 2 firms, Overweight at 1 firm.

CAVA Group is maintained Equal Weight at 1 firm, Positive at 3 firms.

Wingstop maintained Neutral at 2 firm, Positive at 3 firms.

Starbucks maintained Neutral at 1 firm, positive at 2 firms.

Driven Brands is maintained Neutral at 1 firm.

Black Rock Coffee Bar is maintained Positively at 2 firms.

Maintained at Neutral, by 1 firm, were Wendy’s, Texas Roadhouse, Jack in the Box & Yu Brands,

Maintained Positively by 1 firm were Red Robin, El Pollo Loco, Planet Fitness, Cheesecake Factory & Chipotle.

EPORTED IN THE WEEK THAT WAS: No Companies reported.

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

Driven Brands (DRVN)

Driven Brands Holdings Inc. (DRVN) Presents at Morgan Stanley Global Consumer & Retail Conference 2025 Transcript _ Seeking Alpha

Bloomin’ Brands (BLMN)

Bloomin’ Brands, Inc. (BLMN) Q4 2025 Earnings Call Transcript _ Seeking Alpha

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Shake Shack (SHAK)

Shake Shack Inc. (SHAK) Presents at UBS Global Consumer and Retail Conference Transcript _ Seeking Alpha