Why Restaurant Stocks Climbed Again Thursday
Restaurant stocks gained for the second day in a row on Thursday as hopes of a quick recovery continue to hold sway. Among Thursday's winners were Dave & Buster's (NASDAQ: PLAY), which finished up 22.4%, Ruth's Hospitality (NASDAQ: RUTH), which gained 9.6%, Denny's (NASDAQ: DENN), which closed 7.5% higher, and The Cheesecake Factory (NASDAQ: CAKE), which rose 7.6% on the day. There was no specific news out on these individual companies, but the group also rallied Wednesday after The Cheesecake Factory gave a business update that showed reopened restaurants would rapidly recover lost sales.
