Domino's Pizza is the only restaurant stock that's trading positively year-to-date as investors bet that more consumers will order pizza delivery during the coronavirus outbreak.
"In this situation we're in, the delivery-based business is obviously a more favorable narrative relative to others in the restaurant industry," Cowen analyst Andrew Charles said in an interview.
Domino's shares surged 25% on Feb. 20 after the company's fourth-quarter earnings and U.S. same-store sales beat Wall Street's estimates. While the stock has lost some momentum since then, not all of its gains have been erased.
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