Shares of restaurant companies are trading higher. August's CPI report showed a slowing in the rise of food at home costs.
Portfolio Pulse from Benzinga Newsdesk
Restaurant stocks are seeing an uptick as the August CPI report indicates a slowdown in the rise of food at home costs, potentially benefiting dining out businesses.
September 11, 2024 | 7:42 pm
News sentiment analysis
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POSITIVE IMPACT
BTBD shares are likely to benefit from the slowing rise in food at home costs, as this may encourage more dining out.
As a restaurant company, BTBD could see increased patronage if consumers find dining out more attractive due to slower rising costs of home food.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
DASH may experience positive effects as the slower rise in food at home costs could lead to increased demand for food delivery services.
With the cost of food at home rising more slowly, consumers might opt for the convenience of delivery, benefiting DASH.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
KRUS shares could rise as the slower increase in food at home costs may lead to more dining out, benefiting restaurant chains.
KRUS, being a restaurant chain, could see increased customer traffic if dining out becomes more appealing due to slower rising home food costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
QSR is likely to benefit from the slower rise in food at home costs, potentially increasing dining out frequency.
As a major player in the restaurant industry, QSR could benefit from increased dining out if consumers find it more attractive due to slower rising home food costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SBUX may see positive impacts as the slower rise in food at home costs could encourage more frequent visits to coffee shops.
With the cost of food at home rising more slowly, consumers might choose to visit coffee shops like SBUX more often.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SG shares could benefit from the slower rise in food at home costs, potentially leading to more dining out.
As a restaurant company, SG could see increased customer traffic if dining out becomes more appealing due to slower rising home food costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50