Traders betting against restaurants are getting clobbered (CMG, SBUX, MCD, DRI, CBRL, DPZ, YUM, DNKN, CAKE, SHAK)

Marina Nazario/Business Insider It was forecast to be a tough year for chain restaurants.  Cheaper groceries and more expensive food at restaurants slowed restaurant sales in 2016. Restaurants were also faced with rising pressure to raise their workers’ wages.  But traders who bet against some of the industry’s big names are mostly counting losses.  “The entire […]