--- title: "U.S. stock market update: Sweetgreen down 8.32%, cyclospora outbreak impacts restaurant stocks" type: "News" locale: "en" url: "https://longbridge.com/en/news/293510267.md" description: "Sweetgreen fell 8.32%; McDonald's fell 0.49%, with a transaction volume of $534 million; DoorDash fell 5.68%, with a transaction volume of $373 million; Mexican BBQ fell 2.51%, with a transaction volume of $293 million; Starbucks fell 1.03%, with a market value of $117.8 billion" datetime: "2026-07-22T18:58:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293510267.md) - [en](https://longbridge.com/en/news/293510267.md) - [zh-HK](https://longbridge.com/zh-HK/news/293510267.md) generator: "portal-rs" --- # U.S. stock market update: Sweetgreen down 8.32%, cyclospora outbreak impacts restaurant stocks **U.S. Stock Market Midday Update** Sweetgreen fell 8.32%. Based on recent news, 1. On July 21, a cyclospora outbreak occurred in the U.S., possibly linked to romaine lettuce from Mexico. Food safety concerns expanded, leading to a decrease in lettuce consumption among the public, impacting the stock prices of chain restaurants like Chipotle, Cava, and Sweetgreen. Sweetgreen's stock price dropped by 6.0%. 2. On July 20, retail research firm Placer.ai reported that foot traffic at Chipotle and Cava decreased by 6.9% and 4.2%, respectively, affecting the market performance of related restaurant stocks. 3. On July 20, Taco Bell, a subsidiary of Yum Brands, was included in the cyclospora outbreak investigation list, resulting in a significant decline in brand foot traffic, further exacerbating market concerns about restaurant stocks. Analysts in the restaurant industry believe that the panic caused by the outbreak is a temporary phenomenon. **Stocks with High Trading Volume in the Industry** McDonald's fell 0.49%. Based on recent key news: 1. On July 20, an incident at the Zhengzhou Qilihe store where an employee spat into a Coke raised public concerns about McDonald's food safety. This incident exposed the lack of internal supervision mechanisms at the store, leading to a loss of consumer trust and impacting the stock price. 2. On July 21, analyst Danilo Gargiulo maintained a hold rating on McDonald's with a target price of $310. The analyst rated McDonald's as a moderate buy, indicating a potential upside of 22.71%. 3. On July 21, McDonald's had an annualized return of 10.75% over the past 20 years, outperforming the market. Long-term investors have seen significant returns, but recent events may affect short-term market sentiment. The restaurant industry faces challenges related to food safety and brand trust. DoorDash fell 5.68%. Based on recent key news: 1. On July 23, DoorDash faced market share pressure from Uber Eats and Walmart+, leading to increased sales and marketing expenses, impacting long-term economic benefits. This competition heightened market concerns about its profitability. 2. On July 22, analysts rated DoorDash as a moderate buy but noted that five other stocks were more attractive for investment, which weakened market confidence in DoorDash. 3. On July 20, Uber spent $15 billion to acquire Delivery Hero, raising market concerns that DoorDash may struggle to achieve similar lucrative returns amid intense competition, affecting its stock price. Competition in the delivery industry has intensified, with noticeable capital outflows. Mexican BBQ fell 2.51%. Based on recent key news: 1. On July 21, a cyclospora outbreak occurred in the U.S., possibly linked to romaine lettuce from Mexico, leading to a decline in restaurant stocks like Chipotle. The outbreak raised food safety concerns, causing consumers to reduce lettuce consumption, and Chipotle's stock price fell by 3.8% 2. On July 21, Chipotle's stock price fell to $33.04, close to the support level of $30.50. If it cannot return to the moving average, the stock price may further test the lows. 3. On July 21, CAVA Group reported a 4.2% decline in customer visits, reflecting overall concerns in the fast-food industry, affecting market sentiment. The restaurant industry faces food safety risks, leading to increased stock price volatility. **Stocks ranked at the top of the industry by market capitalization** Starbucks fell 1.03%. Based on recent key news: 1. On July 22, Starbucks' net income dropped from $4.25 billion to $2 billion, causing the stock price to decline 17% over five years. The CEO's menu and service changes face fierce competition from McDonald's and Dunkin', and double-digit same-store sales growth is crucial for a real recovery. Source: 24/7 Wall St. 2. On July 22, Starbucks' high premium capability is under challenge. Brand perception, partner culture, global supply chain, and digital membership system support its high premium capability, but the market has been pushed into a red ocean by Luckin-style price wars, putting pressure on the model. Source: Orange Shih Interactive ยท Urban Express 3. On July 21, analysts gave Starbucks stock a moderate buy rating, with the stock price rising 13.85% over the past year, and a target price of $112.59 per share, indicating a 7.87% upside potential. 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