THE WEEK THAT WAS, ENDING May 15th, 5 companies report, THREE UPGRADES !!

REPORTED IN PRIOR WEEKS – Three Upgrades: Wendy’s (WEN) is upgraded by Argus Research from Hold to Buy. Texas Roadhouse (TXRH) is upgraded by RBC Capital from Sector Perform to Outperform. The Cheesecake Factory (CAKE) is upgraded by JP Morgan from Underweight to Neutral.

Otherwise:

CAVA Group is maintained Neutral at 1 firm, Outperform at 1 firm.

Wendy’s maintained with Neutral ratings at 3 firms.

Texas Roadhouse is maintained with Neutral ratings at 3 firms.

Maintained with Neutral ratings at 1 firm were: Sweetgreen, El Pollo Loco.

Maintained with Positive ratings at 1 firm were: McDonald’s, Valvoline, Planet Fitness, Starbucks and Shake Shack.

REPORTED IN THE WEEK THAT WAS: Ark Restaurants, Black Rock Coffee Bar, Regis Corp., Jack in the Box, GEN Restaurants. – No ratings changes.

However:

Jack in the Box was maintained Sell at 1 firm, Neutral ratings at 5 firms, Outperform at 2 firms.

Black Rock Coffee Bar was maintained at Buy by 2 firms.

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Wendy’s, Texas Roadhouse, The Cheesecake Factory), Reporting in THE WEEK THAT WAS: (Ark Restaurants, Black Rock Coffee Bar, Regis Corp, Jack in the Box, GEN Restaurants ) and Initiated Coverage (none).

Wendy’s (WEN)

The Wendy’s Company (WEN) Q1 2026 Earnings Call Transcript _ Seeking Alpha

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Texas Roadhouse (TXRH)

Texas Roadhouse, Inc. (TXRH) Q1 2026 Earnings Call Transcript _ Seeking Alpha

The Cheesecake Factory (CAKE)

The Cheesecake Factory Incorporated (CAKE) Q1 2026 Earnings Call Transcript _ Seeking Alpha

Ark Restaurants (ARKR)

Ark Restaurants Corp. (ARKR) Q2 2026 Earnings Call Transcript _ Seeking Alpha

Black Rock Coffee Bar (BRCB)

Black Rock Coffee Bar, Inc. (BRCB) Q1 2026 Earnings Call Transcript _ Seeking Alpha

Regis Corp (RGS)