- It's been a frisky few weeks for restaurant stocks as 41 out of 51 companies with a market cap of over $50M are in positive territory for the period. Some pleasing reports during the earnings season and a positive read on the sector post-election have factored in to the gains for the previously beaten-down sector.
- +20% gainers over the last month include Red Robin Gourmet Burgers (NASDAQ:RRGB), Fogo De Chao (NASDAQ:FOGO) and Texas Roadhouse (NASDAQ:TXRH).
- +10% risers include Denny's (NASDAQ:DENN), Buffalo Wild Wings (NASDAQ:BWLD), Cracker Barrel (NASDAQ:CBRL), Chuy's Holdings (NASDAQ:CHUY), Ruth's Hospitality (NASDAQ:RUTH), Popeyes Louisiana Kitchen (NASDAQ:PLKI), Darden Restaurants (NYSE:DRI), Bojangles (NASDAQ:BOJA), Del Frisco's Restaurant Group (NASDAQ:DFRG), Cheesecake Factory (NASDAQ:CAKE) and Wendy's (NYSE:WEN).
- A piece in the WSJ today argues that investors may want to consider selling out of restaurant names after the recent rally.
- Related ETF: BITE.
Original article