THE WEEK THAT WAS, ENDING June 12th, three reporting companies, One Initiation, Two Upgrades!!

Restaurant Finance Monitor

REPORTED IN PRIOR WEEKSOne initiation (Black Rock Coffee at Neutral by Piper Sandler), One Upgrade (CAVA Group from Neutral to Buy at UBS)

Otherwise: Dutch Bros reiterated Buy at TD Cowen.

REPORTED IN THE WEEK THAT WAS: TH International (Tim’s of China), Cracker Barrel, Driven Brands – ONE UPGRADE, Wells Fargo upgrades Cracker Barrel to Overweight.

Otherwise:

Driven Brands maintained Positively by 2 firms.

Cracker Barrel maintained at Sell by 1 firm, Neutral at 1 firm, Buy at 1 firm.

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (CAVA Group), reporting in THE WEEK THAT WAS: ( TH International, Cracker Barrel, Driven Brands) and Initiated Coverage (Black Rock Coffee Bar).

CAVA Group (CAVA)

CAVA Group, Inc. (CAVA) Q1 2026 Earnings Call Transcript _ Seeking Alpha

CAVA Presentation

TH International (THCH)

TH International Limited (THCH) Q1 2026 Earnings Call Transcript _ Seeking Alpha

TH Presentation

Cracker Barrel Old Country Stores (CBRL)

Cracker Barrel Old Country Store, Inc. (CBRL) Q3 2026 Earnings Call Transcript _ Seeking Alpha

Driven Brands Holdings (DRVN)

Driven Brands Holdings Inc. (DRVN) Q1 2026 Earnings Call Transcript _ Seeking Alpha

DRVN Presentation

Black Rock Coffee Bar (BRCB)

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

BRCB Presentation