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Why These Restaurant Stocks Fell Hard This Week

·3-min read
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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.

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