SHAK - Restaurant sector reeling as COVID-19 developments threaten recovery timeline

Restaurant stocks are sharply lower as concerns over COVID-19 cases and rising hospitalization rates in 31 U.S. states sweep over the sector. Of note globally, Germany Chancellor Angela Merkel is pushing to close bars and restaurants in the nation for a month. Germany has one the better COVID deaths per capita marks in Europe and has seen less than half of the deaths and hospitalizations of the U.S. on a per capita basis. Notable decliners include Denny's ([[DENN]] -14.0%), Noodles ([[NDLS]] -6.3%), Kura Sushi ([[KRUS]] -5.4%), Cracker Barrel ([[CBRL]] -6.2%), Ruth's Hospitality ([[RUTH]] -4.7%), Darden Restaurants ([[DRI]] -4.5%), Red Robin Gourmet Burgers ([[RRGB]] -3.7%), Fiesta Restaurant Group ([[FRGI]] -4.2%), Brinker International ([[EAT]] -1.3%) and Shake Shack ([[SHAK]] -3.8%). Papa John's International (PZZA) +2.30% and FAT Brands (FAT) +0.44% are the only two restaurant stocks showing a gain.Earlier: Rising COVID hospitalization rates hit consumer sector again

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Restaurant sector reeling as COVID-19 developments threaten recovery timeline