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Restaurant sector: Fast casual chains a growing force

Apr. 17, 2014 2:04 PM ETChipotle Mexican Grill, Inc. (CMG) StockEAT, CMG, CAKE, PNRA, CBRL, BOBE, RRGB, DENN, FRS, BWLD, RT, DIN, BDL, IRG, NDLSBy: Clark Schultz, SA News Editor
  • The fast casual segment of the restaurant industry continues to create turmoil for the casual dining portion as improved quality and nimble service proves hard for consumers to ignore.
  • A smashing 13% gain in comp sales by Chipotle (CMG -4.2%) in Q1 demonstrates the ability of the fast-casual superstars (NDLS, PNRA) to continue to carve out market share even as the retail sector shows slow growth.
  • Restaurants analyst think the issue might run deeper than just a consumer unimpressed by an oversupply of undifferentiated dine-in brands. Regional chains and independent concepts have a significant culinary innovation advantage that could prove difficult for the larger casual dining chains to overcome.
  • Casual dining stocks: CAKE, RRGB, IRG, DIN, DENN, EAT, CBRL, BWLD, FRS, RT, BOBE, BDL.

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