According to Nation’s Restaurant News’ Restaurant Stock Index, restaurant stocks are down three percent over the past three months, hitting fast-casual chains especially hard.
Fast-casual chains fell an average of nine percent in the second quarter of 2016, according to the index. Specifically, Chipotle Mexican Grill fell 14 percent in the second quarter and Noodles & Company down nearly 18 percent in the second quarter.
But they are not the only ones. In the first half of the year, casual dining concepts declined nearly 9 percent, 8 percent in the second quarter. Ignite Restaurant Group, which includes Joe’s Crab Shack, is down nearly 63 percent for the year. Ruby Tuesday has dropped almost 30 percent just since March. Rave Restaurant Group is in similar, or worse, straits (down almost 50 percent).
But the news isn’t all bad. As a result of an acquisition by JAB Beech, Krispy Kreme is up almost 40 percent while the 25 percent and up crowd includes Texas Roadhouse, Cracker Barrel, and Zoe’s Kitchen. Read more