The 3 Worst-Performing Restaurant Stocks of 2017 [The Motley Fool]
Fiesta Restaurant Group, Inc. (FRGI)
Last fiesta restaurant group, inc. earnings: 2/26 04:05 pm
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US:NASDAQ Investor Relations:
frgi.com/investor-relations/default.aspx
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Source: The Motley Fool
It was another tough year for the industry, but investors in these chains got served an extra portion of bad. 2017 will go down as year two of the restaurant recession, an industry-induced slump caused by heavy competition from restaurant over-expansion. Many chains turned in lackluster performances thanks to falling foot traffic, but some had a downright awful year. Excluding the small fry of publicly traded companies and looking just at companies with market caps over $200 million, The Habit Restaurants ( NASDAQ:HABT ) did the worst in 2017 as of this writing, and Fiesta Restaurant Group ( NASDAQ:FRGI ) and DineEquity ( NYSE:DIN ) are neck-and-neck for taking the spot as second-worst-performer. Data by YCharts. Traditional dining losing its appeal According to data from research group TDn2K, full-service dining has taken the biggest hit during the restaurant industry downturn. DineEquity, parent of casual-dining options Applebee's and IHOP,
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