THE WEEK THAT WAS, ENDING October 3 – No reporting companies but THREE UPGRADES

Restaurant Finance Monitor

REPORTED IN PRIOR WEEKS – THREE UPGRADES:

Bloomin’ Brands upgraded by JP Morgan from Underweight to Neutral.

Sweetgreen upgraded by Wells Fargo from Equal-weight to Overweight.

BJ’s Restaurants upgraded by Mizuho from Neutral to Outperform.

Otherwise:

Dutch Bros maintained Positively at 5 firms.

McDonald’s maintained Sell at 1 firm, Equal-Weight at 1 firm.

Bloomin’ Brands maintained Buy at 1 firm.

Sweetgreen maintained Outperform at 1 firm.

Maintained Neutral at 1 firm were Valvoline, Texas Roadhouse and Shake Shack.

Maintained Positively at 1 firm were First Watch, Yum Brands, Starbucks, Restaurant Brands,  McDonald’s and Chipotle.

NO COMPANIES IN OUR COVERAGE UNIVERSE REPORTED LAST WEEK

Conference call transcripts are below for all companies reporting in prior weeks with ratings change (Bloomin’ Brands, BJ’s Restaurants, Sweetgreen), reporting in THE WEEK THAT WAS: (none) and Initiated Coverage (none).

Bloomin’ Brands (BLMN)

Bloomin’ Brands, Inc. (BLMN) Q2 2026 Earnings Call Transcript _ Seeking Alpha

BLMN presentation

BJ’s Restaurants (BJRI)

BJ’s Restaurants, Inc. (BJRI) Q2 2026 Earnings Call Transcript _ Seeking Alpha

BJ’s Restaurants, Inc. (BJRI) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript _ Seeking Alpha

Sweetgreen (SG)

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

COMPANIES SCHEDULED TO REPORT IN THE WEEK TO COME – NONE