Why Restaurant Stocks Are Sinking Again Today
It's official now: the COVID-19 coronavirus is a pandemic.
Today, as coronavirus cases passed 121,000 worldwide, the World Health Organization made the call. And if you think that's bad news for restaurant stocks, you're right.
As of 1:20 p.m. EDT on Wednesday, shares of Starbucks (NASDAQ: SBUX) are down 6.7%, Chipotle Mexican Grill (NYSE: CMG) is off 6.4%, BJ's Restaurants (NASDAQ: BJRI) have fallen 11.5%, and Texas Roadhouse (NASDAQ: TXRH) is off 12%.
Source Fool.com
