real-time news and commentary for investors
Wednesday, Aug 7
Are restaurant stocks the next retail domino to fall?
- Some retail analysts have an uneasy feeling that the selling pressure on retail-oriented stocks could extend to restaurants.
- The group has held up fairly well even as McDonald's continues to have a spotty sales year and blunt assessments from industry execs - including last week's revelation from Brinker International during a conference call (transcript) that fast casual dining is a "fairly lethargic" category.
- On watch: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.