A $13 Burrito Just Doesn’t Hit The Same Anymore

Chart of the Day

Good morning!

Shares of sit-down restaurants are outperforming those of fast casual, a sign that younger consumers are increasingly strapped for cash and cutting back.

The 60-day return gap between (1) Cheesecake Factory $CAKE, BJ’s Restaurants $BJ, Brinker $EAT, Texas Roadhouse $TXRH, and Darden $DRI and (2) Chipotle $CMG, Wingstop $WING, and Shake Shack $SHAK hit 48.7%, the highest level in a decade on July 29. Since then, it’s declined to 45.2% when calculat...

Chart of the Day

Good morning!

Shares of sit-down restaurants are outperforming those of fast casual, a sign that younger consumers are increasingly strapped for cash and cutting back.

The 60-day return gap between (1) Cheesecake Factory $CAKE, BJ’s Restaurants $BJ, Brinker $EAT, Texas Roadhouse $TXRH, and Darden $DRI and (2) Chipotle $CMG, Wingstop $WING, and Shake Shack $SHAK hit 48.7%, the highest level in a decade on July 29. Since then, it’s declined to 45.2% when calculat...
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