RRGB - Dine-in restaurant stocks turn lower on some COVID anxiety
Dine-in restaurant names are a little skittish in early trading after rising case and hospitalization counts in some sections of the U.S. capture attention. Unvaccinated patients account for between 75% to 90% of the new hospitalizations depending upon the state. Restaurant traffic in general has been reported to be strong per geo-tracking and industry data. Notable decliners include Flanigan's Enterprises (BDL -1.0%), Dine Brands Global (DIN -5.2%), BJ's Restaurants (BJRI -3.3%), Red Robin Gourmet Burgers (RRGB -3.4%), Brinker International (EAT -3.6%), Darden Restaurants (DRI -2.5%) and Bloomin' Brands (BLMN -3.5%). See Seeking Alpha Quant Ratings across the restaurant sector.
For further details see:
Dine-in restaurant stocks turn lower on some COVID anxiety