Starbucks, Domino's lead declines among U.S. restaurants in Jan-March quarter

Dennys

31/03/2022 19:07

** Shares in Domino's  DPZ.N , which gained the most among
major U.S. restaurants last year, and Starbucks  SBUX.O  are the
biggest losers among their peers this quarter
    ** Restaurant stocks take a beating and underperform the
broader S&P 500 index  .SPX  as analysts have said a decline in
disposable income and higher prices of daily essentials could
force people to spend less at diners
    ** S&P 500 restaurants index  .SPLRCREST  is down 14% this
quarter versus a 4% decline in the SPX
    ** Applebee's-owner Dine Brands  DIN.N  and Chili's-parent
Brinker  EAT.N  are the among the outliers, and on course to
post gains for the first three months of the year
 Company                          RIC     2021  Q1    Averag
                                          stoc  stoc  e
                                          k     k     rating
                                          move  move  
                                          ment  ment  
 Domino's Pizza                                      
 Dine Brands Global                                  
 Yum Brands                                          
 Chipotle Mexican Grill                              
 McDonald's                                          
 Darden Restaurants                                  
 Starbucks                                          
 Wendy's                                             
 Denny's                                            
 Restaurant Brands International                     
 Shake Shack                                        
 Brinker International                               
 
 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))