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

DC Advisory

REPORTED IN PRIOR WEEKS – One 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