(Updates) ** U.S. restaurant stocks fall between 5% and 30% as broader market sheds on coronavirus scare ** Fast-food chains McDonald's, Starbucks, Yum Brands and Burger King owner Restaurant Brands fall more than 10% ** Stocks of fast-casual chains Cheesecake Factory, Bloomin' Brands, Red Robin and Brinker among worst hit, down more than 30% ** Six-member S&P 500 Restaurants index dips 11.8% to its worst day ever ** Analysts at brokerage Evercore estimate same-store sales at full-service U.S. restaurants to fall 30% in April, more than the expected fall in March, May and June sales ** Evercore expects full-service domestic chains Brinker International, Darden Restaurants and Texas Roadhouse to bear the major brunt of the impact from "social distancing" due to coronavirus ** "It has gotten bad for full service, and will likely get even worse" - brokerage ** Impact on Chipotle and Starbucks likely to be half that on EAT, DRI and TXRH, while quick-service domestic chains, including McDonald's and Wendy's, to face one-third of the impact - analyst David Palmer ** Brokerage cuts PT on restaurants citing increased risk from sustained global economic impairment and increased government regulation as a result of the upcoming election cycle Company RIC Evercore's Previous current PT PT Chipotle CMG.N $880 $980 Dunkin' DNKN.O $73 $77 Brands Darden DRI.N $110 $130 Brinker EAT.N $41 $48 McDonald's MCD.N $220 $230 Restaurant QSR.N $70 $74 Brands Starbucks SBUX.O $79 $88 Texas TXRH.O $59 $70 Roadhouse Wendy's WEN.O $21 $22 Yum! Brands YUM.N $115 $121 ** Evercore, however, picks DRI, TXRH and CMG as favorites to gain from a recovery ** Brokerages Guggenheim and Stifel had already cut PTs on restaurants (Reporting by Praveen Paramasivam in Bengaluru)
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