Aug. 13 at 7:13 PM
Casual dining faces headwinds: SBUX +0.93%, CAVA -14.95%, YUM +1.22%, SHAK -2.01%, CAKE — While the broader market hits all-time highs, casual dining stocks are lagging. CAVA dropped over 20% after earnings, breaking below a head-and-shoulders pivot at
$75 with little support until
$60. YUM, owner of Pizza Hut, Taco Bell, and KFC, is testing
$140 support; a breach could trigger a decline toward
$117 by year-end. SHAK, down 17% YTD and roughly 27% from 52-week highs, rebounded 4% after a recent selloff, forming a bullish morning star pattern above key support near
$95. SBUX continues to lag, and the overall sector shows vulnerability despite broader market gains. CAKE also faces headwinds as casual dining trends weaken.
$YUM $CAKE $SBUX $SHAK $CAVA