Millennial Jackasses Prefer Potato Chips to Casual Dining ($BLMN, $IRGT)

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The QSR segment has been exploding with recent M&A activity, see, e.g., Checkers and Rally's Burgers, Popeyes Louisiana Kitchen, Jimmy John's Sandwiches, Cici's Pizza, Wetzel's Pretzel's Brand, and Panera Bread Co. Meanwhile, the casual dining segment is, for the most part, getting DECIMATED with, as just two examples, Applebee's reporting same store comps down 7.9% and IHOP down 1.7%. Publicly-traded Ignite Restaurant Group ($IRGT)(home of Joe's Crab Shack - which sounds REAL tasty) looks like it's a bankruptcy filer sometime in the very near future. To be fair, though, there are some bright spots, including Bloomin' Brands' Outback Steakhouse (note: on the other hand, Bloomins' Carrabbas Italian Grill is cratering)($BLMN). Meanwhile, millennials are apparently passing on lunch - which doesn't portend well for restaurants - because they are eating healthy snacks. Like potato chips. Not kidding (video). Come again?