Casual dining stocks are in play after Panera Bread PNRA, Ruby Tuesday RT and Buffalo Wild Wings BWLD reported second quarter results Tuesday.
Buffalo Wild Wings recently traded at $143.03, down 14 percent. Ruby Tuesday was trading at $5.97, down 16 percent. Panera was up 4.75 percent.
Poor results from Ruby Tuesday and Buffalo Wild Wings look to be pulling the industry down.
Related Link: 4 Stocks To Watch Amid Family Dollar, Dollar Tree Merger
Traders can capitalize on higher than usual volatility and volume as investors adjust models for peer companies. Note several companies that appear to be reacting to these earnings reports:
- Kona Grill KONA shares down 0.78 percent
- The Cheesecake Factory CAKE shares down 0.39 percent
- Red Robin RRGB shares down 0.66 percent
- Texas Roadhouse TXRH shares down 1.02 percent
- BJ’s BJRI shares down 1.83 percent
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.