Wednesday, January 02, 2008

U.S. Restaurant Stocks

Take a look at the charts of these U.S. restaurant stocks:

Starbucks
Cheesecake Factory
Darden
Ruth's Chris
Ruby Tuesday
Buffalo Wild Wings
Jack in the Box
IHOP
Brinker
Wendy's
Morton's
Benihanna
P. F. Chang
Texas Roadhouse
Peet's
Domino's Pizza
California Pizza Kitchen
Papa John's
CKE
J. Alexander
Cosi
Cracker Barrel
Krispy Kreme Donuts
Rubio's
Bob Evans
Denny's
Grill Concepts
Steak n Shake
Chuck E. Cheese
Panera Bread
Jamba Juice

This one was doing well till recently:

Einstein/Noah Bagels

There are plenty more once you start digging...

Mostly they look as bad as homebuilders or financials. I got the idea of checking this out after reading in some article about what a bad stock Ruby Tuesday is. There are some exceptions:

Yum Brands
McDonald's
Burger King
Chipotle

The first three are all low price fast food chains. These are doing well, but mid- and high-range restaurant stocks are doing terribly. Sign of recession?

Any Australian restaurant stocks?

P.S.

I found an Australian one - Domino's Pizza:



Not too hot either.

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