BUZZ-Restaurants stocks rise after Donald Trump's victory

Reuters11-07
BUZZ-Restaurants stocks rise after Donald Trump's victory

** Shares of restaurant chains were up after Donald Trump elected U.S. President on bets of deregulation and more business-friendly backdrop

** Domino's Pizza DPZ.N shares up 3.34%, Chipotle Mexican Grill CMG.N rises 2.9% and Wendy's WEN.O up 3.8%

** Shake Shack SHAK.N stock rises 5.7% and Darden Restaurants DRI.N up 7.1%

** "I suspect this is related to a more favorable outlook on regulations impacting labor costs, and more broadly the cost of doing business in the US" - Jim Sanderson, analyst with Northcoast Research

** Shares of McDonald's MCD.N were down 1.5%, U.S.-listed shares of Restaurants Brands QSR.TO fall marginally and Starbucks SBUX.O down 1.2%

** "McDonald's and QSR are lagging peers, related to brand-specific challenges in the US and exposure to non-US performance" - Sanderson adds

** S&P 500 Restaurants Sub Industry Index .SPLRCREST up 4% so far this year

(Reporting by Ananya Mariam Rajesh in Bengaluru)

((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam))

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