Governor Andrew Cuomo is allowing indoor dining at New York City restaurants to resume at 25% capacity on September 30. Cuomo says he will re-assess the guidelines again on November 1.
The decision will be a boost to chains with a higher mix of dine-in business traditionally.
Sector watch: Shake Shack (SHAK +3.0%), Ruth’s Hospitality Group (RUTH +1.8%), Starbucks (SBUX +1.6%), Darden Restaurants (DRI +0.6%), Potbelly (PBPB +0.3%), Cheesecake Factory (CAKE -1.4%) and Dine Brands Global (DIN -2.8%).
Compare restaurant stocks side by side.
https://seekingalpha.com/news/3612611-new-york-city-indoor-dining-to-resume-25-capacity
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.