SHAK - Jittery trading in the restaurant sector with many dine-in names lower

The restaurant sector trades weak with 40 out of 50 stocks in negative territory on a flat day for the market overall. Some broadly negative news on COVID-19 trends, including higher hospitalizations due to the virus across the Midwest, could be impacting sentiment. There is also the uncertainty over a new stimulus package and the reality that restaurant stocks are historically mild underperformers during an election season in general. Notable decliners include FAT Brands ([[FAT]] -5.4%), Bloomin' Brands ([[BLMN]] -5.7%), Red Robin Gourmet Burgers ([[RRGB]] -5.4%), Chuy's Holdings ([[CHUY]] -4.5%), Ruth's Hospitality Group ([[RUTH]] -4.4%), BJ's Restaurants ([[BJRI]] -5.0%), Brinker International ([[EAT]] -4.1%), Denny's ([[DENN]] -3.3%), Cheesecake Factory ([[CAKE]] -3.6%) and Shake Shack ([[SHAK]] -3.7%). Domino's Pizza ([[DPZ]] +0.7%) and Papa John's International ([[PZZA]] +2.1%) continue their tradition of holding up on days of COVID-19 anxiety. Compare restaurant stocks side by side.

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Jittery trading in the restaurant sector with many dine-in names lower