Family dining restaurant stocks on watch

|By:, SA News Editor

U.S. consumers appear to be skipping meals from the mid-scale and family dining sector of the restaurant industry as fast casual (Panera, Chipotle, Noodles) stays popular.

Darden Restaurants reported that both the Red Lobster and Olive Garden chains saw declines in same-restaurant sales of over 8% during the month of July and August traffic was also weak.

On watch: CAKE, RRGB, IRG, DIN, DENN, EAT, CBRL.