{"id":133036,"date":"2021-07-22T17:15:19","date_gmt":"2021-07-22T17:15:19","guid":{"rendered":"https:\/\/precoinnews.com\/?p=133036"},"modified":"2021-07-22T17:15:19","modified_gmt":"2021-07-22T17:15:19","slug":"chipotle-starbucks-and-dominos-stocks-hit-all-time-highs-as-investors-shrug-off-delta-variant","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/chipotle-starbucks-and-dominos-stocks-hit-all-time-highs-as-investors-shrug-off-delta-variant\/","title":{"rendered":"Chipotle, Starbucks and Domino&#x27;s stocks hit all-time highs as investors shrug off delta variant"},"content":{"rendered":"<ul>\n<li>Domino&#x27;s Pizza, Chipotle Mexican Grill and Starbucks hit all-time highs on Thursday.<\/li>\n<li>After concerns about the delta Covid variant hit stocks earlier this year, the market \u2013 including restaurant stocks \u2013 has bounced back.<\/li>\n<li>Shares of Domino&#x27;s climbed more than 12% in morning trading after the company reported its second-quarter results.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>DPZ<\/span><\/li>\n<li><span>CMG<\/span><\/li>\n<\/ul>\n<p>Domino&#x27;s Pizza, Chipotle Mexican Grill and Starbucks hit all-time highs on Thursday as investors shrugged off any concerns about the delta Covid variant. <\/p>\n<p>On Monday, stocks fell sharply over concerns about a resurgence of Covid cases tied to the variant. The S&amp;P 500 tumbled 2.1%, and pandemic losers like airline and hotel stocks bore the brunt of the losses. Shares of Starbucks and Domino&#x27;s also dipped.<\/p>\n<p>The U.S. reported more than 52,000 new Covid cases on Wednesday, according to Johns Hopkins University. But fears tied to the resurgence of infections took a backseat for restaurant stocks.<\/p>\n<p>Shares of Domino&#x27;s climbed more than 12% in morning trading after the company&#x27;s second-quarter earnings and revenue topped Wall Street&#x27;s estimates. Despite concerns about pizza fatigue and tough comparisons to last year&#x27;s skyrocketing sales, the company reported U.S. same-store sales growth of more than 3%.<\/p>\n<p>Domino&#x27;s stock has risen 38% year-to-date, bringing its market value to $20.6 billion. Thursday&#x27;s stock move set a record high of $532.94 a share for the pizza chain.<\/p>\n<p>Chipotle shares were up more than 1%, falling slightly after setting a new high of $1,806.66 per share. The burrito chain shared its own second-quarter results on Tuesday afternoon, beating analysts&#x27; expectations. The stock has climbed 28% this year, giving the company a market value of $50 billion.<\/p>\n<p>Starbucks&#x27; stock rose 2% in morning trading, creating an all-time high of $121.93 per share. The coffee chain is expected to report the results of its latest quarter after the bell on Tuesday. Its stock has risen 13% this year, bringing its market value to $143 billion.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/07\/22\/chipotle-starbucks-dominos-hit-all-time-highs-as-investors-shrug-off-covid.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Domino&#x27;s Pizza, Chipotle Mexican Grill and Starbucks<\/p>\n","protected":false},"author":3,"featured_media":133035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chipotle, Starbucks and Domino&#x27;s stocks hit all-time highs as investors shrug off delta variant - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/chipotle-starbucks-and-dominos-stocks-hit-all-time-highs-as-investors-shrug-off-delta-variant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chipotle, Starbucks and Domino&#x27;s stocks hit all-time highs as investors shrug off delta variant - 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