facebook pixal
OPINIONFinancing

The Fed sneezes and restaurant stocks get a cold

The Bottom Line: Shares of restaurants were hit hard on Thursday as the Federal Reserve plans more rate hikes. It’s been a tough year for the sector, overall.

This Premium Content is only available to rb+ Subscribers

Continue reading with one of the options below

or Subscribe

Restaurant Business Exclusive Content

Technology

Smokey Bones doubles down on delivery with new virtual brands, online storefront

The chain’s three existing brands, plus two new ones, will live under one digital roof at Bite Hall, where customers can order from all five at once.

Financing

Sardar Biglari buys another oil company

The Bottom Line: Biglari Holdings, which owns Steak n Shake and other holdings, spent $80 million to acquire a majority of shares in Abraxas Petroleum Corp.

Financing

With potential IPO on hold, MOD Pizza focuses on accelerating growth

MOD Pizza's potential IPO is on hold but the chain is focused on accelerating growth.