BJs Restaurants IncInvestors rotating into sit-down restaurants, BJ's outperforming.
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.
BJs Restaurants IncInvestors rotating into sit-down restaurants, BJ's outperforming.
Bloomin Brands IncInvestors rotating into sit-down restaurants, Bloomin' Brands outperforming.
The Cheesecake FactoryInvestors rotating into sit-down restaurants, Cheesecake Factory outperforming.
Shake Shack IncFast-food chain Shake Shack down 34% as investors rotate out.
Wingstop IncFast-food chain Wingstop down 67% as investors rotate out.