Investors rotate from fast food into sit-down restaurants

Industry
โดย Yahoo Finance·US·Read original
Summary · why it matters

Investors are rotating out of fast-food chains and into sit-down restaurants, according to Yahoo Finance Markets & Data Editor Jared Blikre. Cheesecake Factory, Bloomin' Brands, and BJ's Restaurants have outperformed, while Shake Shack is down 34% and Wingstop is down 67% over the past year. The spread between sit-down and high-growth fast-food names has widened to 66 points, surpassing the previous peak of 50 points set on November 18, 2019. Blikre says investors now want to see current traffic rather than expansion ambitions.

Impact on stocks 5

Consumer Discretionary± Mixed · 5 stocks
Bloomin Brands Inc
BLMN
▲ Positiverelevance

Investors rotating into sit-down restaurants, Bloomin' Brands outperforming.

Shake Shack Inc
SHAK
▼ Negativerelevance

Fast-food chain Shake Shack down 34% as investors rotate out.

Wingstop Inc
WING
▼ Negativerelevance

Fast-food chain Wingstop down 67% as investors rotate out.