TXRH - Restaurant stocks are sliding on COVID headlines except for pandemic favorite Domino's

Dine-in restaurants stocks are being sold off on concerns over the new COVID-19 variant that has been reported out of South Africa. The selling pressure is well in front of any indication that dining restrictions in the U.S. will be widespread. Notable decliners include Dave & Buster's Entertainment (PLAY -10.1%), Red Robin Gourmet Burgers (RRGB -8.6%), Brinker International (EAT -8.1%), Fiesta Restaurant Group (FRGI -7.6%), Bloomin' Brands (BLMN -7.2%), Chuy's Holdings (CHUY -7.0%), Cheesecake Factory (CAKE -6.7%), Dine Brands Global (DIN -5.3%) and Texas Roadhouse (TXRH -4.6%). Domino's Pizza (DPZ +0.5%) is one of the few restaurant stocks in positive territory with a 0.50% gain. The early breakdown from analysts is that the sudden share price drops of restaurant stocks could be overdone without any clear indication that the variant will ultimately impact U.S. traffic. Read about the sell-off in the travel and leisure sector.

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Restaurant stocks are sliding on COVID headlines except for pandemic favorite Domino's