EAT - Vaccine development sends investors back into dine-in restaurant names

Investors are showing some confidence in dine-in restaurant stocks as today's Moderna vaccine news outweighs short-term concerns over new COVID-19 restrictions. Moderna reported a 94.5% efficacy rate for its COVID-19 vaccine in a Phase 3 trial without any safety concerns. Notable gainers in the premarket session include Brinker International (EAT) +3.33%, Dave & Buster's Entertainment (PLAY) +10.98%, Ruth's Hospitality Group (RUTH) +8.33%, Bloomin' Brands (BLMN) +5.25%, Cheesecake Factory (CAKE) +7.95% and Dine Brands Global (DIN) +5.55%. Papa John's International (PZZA) and Domino's Pizza (DPZ) are both down about 1.2% in the early session. Pandemic favorite Chipotle (CMG) is off 0.35% and Wingstop (WING) could see a drop when it starts trading.Compare Seeking Alpha Quant Ratings on restaurant stocks.

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Vaccine development sends investors back into dine-in restaurant names