Limited Hurricane Dorian impact on restaurants - Maxim Group

Fiesta Restaurant

04/09/2019 20:16

** Restaurant chains with high exposure to the southeast U.S.
coast, including Fiesta Restaurant Group  FRGI.O , Papa John's
 PZZA.O  and Wendy's  WEN.O  could see a limited mid-week impact
from Hurricane Dorian, according to Maxim Group equity research
    ** As Dorian moves up near the East Coast and potentially
causes high winds and flooding, quick service and fast casual
restaurants could see a sales impact, although any loss should
be at least partly made back on the following weekend, Maxim
analyst Stephen Anderson writes in a client note
    ** Restaurants that rely heavily on food deliveries,
including Domino's Pizza  DPZ.N  and Papa John’s, tend to see
outsized sales during recovery periods after hurricanes,
Anderson also wrote
    ** FRGI last down 1%, PZZA up 3.5, WEN up 1.8%, DPZ up 5.8%

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