REPORTED IN PRIOR WEEKS – ONE UPGRADE, ONE INITIATION, TWO DOWNGRADES
BJ’s Restaurants Upgraded by William Blair from Market Perform to Outperform.
Dutch Bros Initiated by Stephens with Buy
Papa John’s Downgraded by B of A from Neutral to Underperform
Black Rock Coffee Bar Downgraded by Morgan Stanley from Overweight to Equal-weight
Otherwise:
BJ’s Restaurants maintained at Buy by 1 firm.
McDonald’s maintained at Neutral by 1 firm, Positively at 3 firms.
Brinker Int’l maintained at Overweight by 2 firms.
Starbucks maintained Neutral at 1 firm, Overweight at 2 firms
Dutch Bros maintained at Overweight at 1 firm.
Wingstop maintained Positively at 2 firms
Chipotle maintained Positively at 2 firms.
Maintained Neutral at 1 firm were Shake Shack, Cheesecake Factory, Yum Brands & Rest. Brands.
Maintained Positively at 1 firm were CAVA Group, Arcos Dorados, TX Roadhouse.
Conference call transcripts are below for all companies reporting in prior weeks with ratings change (BJ’s Restaurants, Papa John’s Int’l, Black Rock Coffee Bar), reporting in THE WEEK THAT WAS: (Rocky Mountain Chocolate Factory) and Initiated Coverage (Dutch Bros).
BJ’s Restaurants (BJRI)
BJ’s Restaurants, Inc. (BJRI) Q1 2026 Earnings Call Transcript _ Seeking Alpha
Papa John’s International (PZZA)
Papa John’s International, Inc. (PZZA) Q1 2026 Earnings Call Transcript _ Seeking Alpha
Black Rock Coffee Bar (BRCB)
Black Rock Coffee Bar, Inc. (BRCB) Q1 2026 Earnings Call Transcript _ Seeking Alpha
Dutch Bros (BROS)
Dutch Bros Inc. (BROS) Q1 2026 Earnings Call Transcript _ Seeking Alpha
Rocky Mountain Chocolate Factory (RMCF)
Rocky Mountain Chocolate Factory, Inc. (RMCF) Q4 2026 Earnings Call Transcript _ Seeking Alpha
