Advertisement
Australia markets closed

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • AUD/USD

    0.6412
    -0.0013 (-0.20%)
     

  • OIL

    82.93
    +0.20 (+0.24%)
     

  • GOLD

    2,406.90
    +8.90 (+0.37%)
     

  • Bitcoin AUD

    99,478.58
    +167.28 (+0.17%)
     

  • CMC Crypto 200

    1,370.23
    +57.61 (+4.38%)
     

  • AUD/EUR

    0.6022
    -0.0009 (-0.15%)
     

  • AUD/NZD

    1.0896
    +0.0021 (+0.19%)
     

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NASDAQ

    17,072.83
    -321.48 (-1.85%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • Dow Jones

    37,846.05
    +70.67 (+0.19%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

Why These Restaurant Stocks Fell Hard This Week

Demitri Kalogeropoulos, The Motley Fool
·3-min read

Several restaurant stocks, including Shake Shack (NYSE: SHAK), Bloomin' Brands (NASDAQ: BLMN), and BJ's Restaurants (NASDAQ: BJRI) fell hard this week, declining by between 5% and 15% through Thursday trading compared to a 6% slump in the S&P 500, according to data provided by S&P Global Market Intelligence. Wall Street is also increasingly concerned about a recession on the way that might disproportionately hurt these consumer discretionary businesses. Shake Shack, Bloomin' Brands, and BJ's Restaurants each cater to different customers.

Continue reading