THE WEEK THAT WAS, ENDING September 18th – Only One Company Reports - no rating changes, ELEVEN INITIATIONS (four Neutral, seven Buys)

REPORTED IN PRIOR WEEKS – No Rating Changes – Eleven Initiations, Shown Below

Otherwise:

Dutch Bros maintained Buy at 2 firms.

Brinker maintained Positively at 3 firms.

McDonald’s maintained Neutral at 2 firms, Buy at 3 firms.

CAVA Group maintained Positively at 2 firms.

Darden maintained Positively at 2 firms.

Maintained Neutral at 1 firm were Exponential Fitness and The Cheesecake Factory.

Maintained Positively at 1 firm were Yum Brands, Restaurant Brands & Wingstop.

Only Company to report earnings last week was Dave & Buster’s Entertainment.

Dave & Buster’s was maintained Neutral at 2 firms, Outperform at 1 firm.

Seaport Global initiated Coverage at eleven Brands.

Initiated Neutral were Wendy’s, Chipotle, Starbucks, McDonald’s.

Initiated with Buy ratings were Texas Roadhouse, Darden, Brinker, Restaurant Brands, CAVA Group, Dutch Bros.

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (none), reporting in THE WEEK THAT WAS: (Dave & Buster’s) and Initiated Coverage (Wendy’s, Chipotle, Starbucks, McDonald’s, Texas Roadhouse, Darden, Brinker, Yum Brands, Restaurant Brands, CAVA, Dutch Bros).

Dave & Buster’s Entertainment (PLAY)

Dave & Buster’s Entertainment, Inc. (PLAY) Q2 2027 Earnings Call Transcript _ Seeking Alpha

The Wendy’s Company (WEN)

The Wendy’s Company (WEN) Q2 2026 Earnings Call Transcript _ Seeking Alpha

WEN presentation

Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill, Inc. (CMG) Q2 2026 Earnings Call Transcript _ Seeking Alpha

CMG PRESENTATION

Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) Q3 2026 Earnings Call Transcript _ Seeking Alpha

McDonald’s Corporation (MCD)

McDonald’s Corporation (MCD) Q2 2026 Earnings Call Transcript _ Seeking Alpha