|Day Low/High||90.74 / 92.81|
|52 Wk Low/High||14.16 / 104.47|
The idea is to identify those that might ultimately recover in the new year.
These familiar names are displaying both technical and quantitative deterioration.
As a whole, publicly traded restaurant names are doing better than I would have expected year-to-date.
DPZ, up 23% year-to-date, is one of just four restaurant names in positive return territory for the year.
Now, with retailers and related companies set to report, we likely will see more logs tossed on the fire that is dividend suspensions and quarterly dividend cuts.
Beef shortages, capital raises, earnings, and a possible proxy fight.
I think the quarantine has gone too far, with unintended consequences that will be tallied later.
Spotting a well-positioned dividend-paying restaurant company means you'll want to ensure it has these qualities.
When I scan the restaurant space, I remain perplexed, wondering not only when they might be able to reopen, but also how quickly consumers will come back, and to what degree?
The impact of the coronavirus on the cash flow of companies in the restaurant sector is leading to capital-saving moves by several notable names.
As I've stated before, I'm looking for names that are 'stupid cheap', and I'm not sure we're there yet.
Dine Brands Global and Royal Caribbean looked cheap a few days ago yet fell a lot more on Thursday, which makes timing an entry challenging.
With the coronavirus fear as thick as pea soup, many names don't yet qualify as 'stupid cheap'.
Fear is the name of the game here, not reality, and until it abates, all bets are off.
If YUM wanted to go big in casual dining, it could make a play for Dine Brands Global.
The best performer year-to-date is small name The Habit Restaurants, courtesy of YUM's January 6th $14 per share offer.
It has been portfolio cleanup time, which means saying goodbye to some stocks and hello to others.
Dine Brands stock satisfies investors' hunger for income with a 3.7% dividend yield along with dividend growth potential.
Dozens of beaten-up stocks could see tax-loss selling into the end of the year; here's a preview of some that could make up the next Tax Loss Selling Portfolio.
A basket of 38 restaurant stocks I track (large and small) is up about 20% for the year.
Let's check on the charts and indicators to see what traders and investors think.
Bigger is better as the major restaurants dominate the sector.
In times of market turmoil, restaurant stocks can provide a safe haven.
The company's runway for success or failure may be longer than expected.
A basket of 38 restaurant stocks I track, large and small, are up about 14% year to date.
DIN is shining example of what a solid, creative ad campaign can do to differentiate a restaurant brand.
Activist situations can take a long time to play out, that is if they don't fizzle out completely.