Photo: Michael M. Santiago / Getty Images
Domino’s Pizza, Chipotle and Starbucks hit all-time highs Thursday as investors appear to have forgotten any concerns about the delta variant of COVID – 19.
However, on Monday, stocks fell sharply on concerns of a resurgence in COVID cases – 19 related to the variant. The Standard & Poor’s Index 500 plummeted 2.1% and the biggest losers from the pandemic, such as airlines and hotels, took the brunt . That day, shares of Starbucks and Domino’s also fell.
According to Johns Hopkins University On Wednesday alone, more than 52, 04 new cases of coronavirus . But fears related to a resurgence of infections took a back seat to restaurant stocks.
The shares of the chain of Chipotle burritos rose more than 1% falling slightly after setting a new high of $ 1, 806. 66 dollars per share . The restaurant chain shared its own second-quarter results Tuesday afternoon, beating analysts’ expectations. Stocks are up a 28% this year , giving the company a market value of $ 50. 000 millions of dollars.
In June the restaurant chain increased their menu prices by 4% right after announcing plans to increase the salary to their workers on average of $ 13 to $ 15 Dollars.
Starbucks shares rose 2% in trading to an all-time high of $ 121. 93 dollars per share . The coffee chain is expected to present its latest quarter results after Tuesday. Your shares have risen a 13% this year raising its market value to $ 143, 000 millions of dollars.
The coffee giant allowed since the 22 June the branches that the company operates in the United States Customers can safely use their personal cups and glasses that are reused after 15 months since the company restricted its temporary use due to the coronavirus pandemic.
Related: Chipotle offers free food as part of National Vaccination Month
Domino’s shares increased more than one 12% in Thursday’s trading after the company’s second-quarter earnings and earnings beat experts’ estimates. Despite concerns that consumers are tired of eating pizza during the pandemic and sales for the year After they skyrocketed, the company posted sales growth in same stores in the United States of more than 3%.
During the first quarter of the year the sales of the pizza chain were driven by the impact of the money distributed by the first stimulus checks .
Domino’s shares are up by 38% in so far this year, raising its market value to $ 20,600 millions of dollars. Thursday’s stock movement hit a record high of $ 532. 94 dollars per share for the pizza chain.
You may be interested in: