Why These Restaurant Stocks Popped by Double Digits Monday
Shares of BJ's Restaurants (NASDAQ: BJRI), Bloomin' Brands (NASDAQ: BLMN), and Brinker International (NYSE: EAT), well-known restaurant companies, all jumped over 10% Monday after the hard-hit industry sensed that some states are pushing to dial back social-distancing measures. The restaurant industry, especially brands that rely heavily on the dine-in crowd rather than pickup and delivery, has been hard hit during COVID-19 as social distancing and closed restaurants have slowed sales to a near standstill.