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Why Dave & Buster's, Bloomin' Brands, and The Chefs' Warehouse Stocks Dropped 10% Monday

Why Dave & Buster's, Bloomin' Brands, and The Chefs' Warehouse Stocks Dropped 10% Monday

Shares of Dave & Buster's (NASDAQ: PLAY), Bloomin' Brands (NASDAQ: BLMN), and The Chefs' Warehouse (NASDAQ: CHEF) all dropped roughly 10% on Monday as the broader markets reacted to a jump in coronavirus cases in the U.S. and overseas, which could signal trouble for already struggling restaurant stocks. The Chef's Warehouse will give investors a glimpse into the industry's recovery when it reports results for its third quarter on Wednesday. Investors will be able to compare the results to the prior quarter, when the company had just over $240 million of liquidity but also a sharp 51.3% decline in net sales.