THE WEEK THAT WAS, ENDING September 11th – Only One Report, Jersey Mike’s – two upgrades, one initiation

Restaurant Finance Monitor

REPORTED IN PRIOR WEEKS – TWO UPGRADES – Sweetgreen is raised from a Sector Weight to Overweight by Keybanc, Yum Brands is raised from an Equal-Weight to Overweight by Wells Fargo – INITIATED BY Keybanc was Shake Shack with an Outperform.

Otherwise:

Darden Restaurants is maintained Neutral at 1 firm, Buy at 1 firm.

Brinker International is maintained Neutral at 1 firm, Overweight at 1 firm.

Sweetgreen is maintained at Hold by 1 firm.

Wingstop is maintained Hold at 1 firm.

Maintained Positively at 1 firm are Dutch Bros, Driven Brands, Valvoline.

Only Company to report earnings last week was Jersey Mike’s Subs.

One Analyst maintained JMKE at Market Perform. Seven Analysts maintained JMKE with Positive ratings.

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Sweetgreen, Yum Brands), reporting in THE WEEK THAT WAS: (Jersey Mike’s Subs) and Initiated Coverage (Shake Shack).

Sweetgreen (SG)

Sweetgreen, Inc. (SG) Q2 2026 Earnings Call Transcript _ Seeking Alpha

Yum Brands, Inc. (YUM)

Yum! Brands, Inc. (YUM) Q2 2026 Earnings Call Transcript _ Seeking Alpha

Jersey Mike’s Subs (JMKE)

Jersey Mike’s Subs Inc. (JMKE) Q2 2026 Earnings Call Transcript _ Seeking Alpha

Shake Shack (SHAK)

Shake Shack Inc. (SHAK) Q2 2026 Earnings Call Transcript _ Seeking Alpha

SHAK Presentation