RRGB - Hot Stocks: Dine-in optimism; NKE hurts DECK FL; MDP takeover talk; AEHR rises on earnings; AMED sets low
On a lackluster day for the major averages, dine-in restaurant stocks provided an appetizing meal for investors on Friday. The sector got a boost from a bullish analyst note, sparking gains in Dave & Buster's Entertainment (NASDAQ:PLAY), BJ's Restaurants (NASDAQ:BJRI), Cheesecake Factory (NASDAQ:CAKE), Chuy's Holdings (NASDAQ:CHUY) and Red Robin Gourmet Burgers (NASDAQ:RRGB). Looking at some of the other big gainers on the session, Aehr Test Systems (NASDAQ:AEHR) benefitted from another impressive earnings report, following up on a rally-inspiring release issued in July. The stock rose by a third, extending a rally that has seen shares advance by more than 5x in a little more than two months. Meredith (NYSE:MDP) was another notable gainer on the session, skyrocketing to a 52-week high on takeover talk. Turning to some of the day's notable losers, Deckers Outdoor (NYSE:DECK) and Foot Locker (NYSE:FL) suffered collateral damage from Nike's disappointing earnings report, dropping on speculation
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Hot Stocks: Dine-in optimism; NKE hurts DECK, FL; MDP takeover talk; AEHR rises on earnings; AMED sets low