WING - COVID anxiety hits the restaurant sector again

The vaccine relief rally has worn off in the restaurant sector as the reality of escalating COVID-19 hospitalizations across multiple states dampens the short-term outlook for dine-in traffic. Decliners include Red Robin Gourmet Burgers ([[RRGB]] -4.9%), Darden Restaurants ([[DRI]] -4.3%), Dave & Buster's Entertainment ([[PLAY]] -6.0%), Texas Roadhouse ([[TXRH]] -3.0%), Bloomin' Brands ([[BLMN]] -3.9%) and Dine Brands Global ([[DIN]] -4.8%). Pandemic favorites like Chipotle ([[CMG]] +3.4%), Domino's Pizza ([[DPZ]] +1.6%) and Wingstop ([[WING]] +1.7%) are doing just fine. Food suppliers Performance Food Group ([[PFGC]] -7.7%), Chefs' Warehouse ([[CHEF]] -6.1%), US Foods ([[USFD]] -4.6%), Sysco ([[SYY]] -3.4%) and United Natural Foods ([[UNFI]] -4.1%) are also lower.Darden Restaurants ([[DRI]] -4.3%) is also lower on the day. That decline stands out with Darden rated as the top restaurant stock based off Seeking Alpha Quant Ratings.

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COVID anxiety hits the restaurant sector again