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Casual Restaurant Stocks Rally Even With Weak U.S. Demand
By:
Wall Street Pit
Posted on June 20, 2012 at 10:20 AM EDT
Shares of casual-dining chains are rallying, even with Americans eating out less, as investors speculate about acquisitions and prefer holding stocks with little foreign exposure. The Bloomberg U.S. Casual-Dining Restaurant Index (BNUSFSRS) — comprised of Darden Restaurants Inc., Brinker International Inc. and 14 other companies — has risen 2.7 percent since April 30, compared with [...]
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