Seeking Alpha

Restaurant stocks take government shutdown hard

  • The restaurant sector is proving to be more sensitive than most to the developments with the government shutdown and the potential impact to the U.S. economy.
  • Analysts already saw restaurant traffic under pressure during Q4, but an extended government shutdown could take estimates even lower.
  • Leading decliners: Brinker International (EAT) -2.4%, McDonald's (MCD) -2.0%, Cracker Barrel (CBRL) -1.9%, Yum Brands (YUM) -1.7%, Bob Evans Farms (BOBE) -1.6%.
  • Related ETFs: PBJ, XLY.
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