2 Restaurant Stocks Struggling After Chipotle's Dismal Results

Group 1: Market Reaction - Shares of CAVA Group Inc and Darden Restaurants Inc are declining following Chipotle Mexican Grill's poor quarterly results and reduced revenue forecast, indicating consumer cutbacks on dining due to economic concerns and high inflation [1] - CAVA's stock is down 10% to $54.42, marking its seventh consecutive loss and the worst day since August, with a 60% drop over the past nine months and a 52-week low of $53.55 [2] - Darden Restaurants is down 1.7% to $179.37, having hit its lowest level since December, struggling with resistance at $190, and significantly lower than its record high of $228.27 from June 20, though still showing a 12.2% year-over-year gain [4] Group 2: Options Activity - Options traders are actively targeting CAVA Group stock, with 19,000 calls and 16,000 puts traded, which is double the typical volume, particularly focusing on the November 40 put [3] - Options for Darden Restaurants appear affordable, as indicated by its Schaeffer's Volatility Index (SVI) of 25%, ranking in the 16th percentile of its annual range [4]