The Collins Foods Ltd (ASX: CKF) share price was out of form on Friday.
Despite a stunning rebound by the S&P/ASX 200 Index (ASX: XJO), the KFC and Taco Bell operator's shares finished the day 9% lower at $5.96.
At one stage Collins Foods' shares were down as much as 16% to a 52-week low of $5.48.
Why did the Collins Foods share price sink lower?
Investors were selling the company's shares today after it revealed that a team member from one of its KFC restaurants has tested positive for COVID-19. The restaurant in question, in Deagon, Queensland, has been closed until further notice.
In addition to this, the company advised that the infected team member has now been quarantined and all employees who have worked recent shifts with the team member have been advised to self-isolate.
The company advised: "The health and wellbeing of our team members and customers is our number one priority, especially in these uncertain times. We are working with the Queensland Health Department and are following their guidelines. This restaurant will remain closed until we are certain that there are no health risks for our employees or customers."
Collins Foods didn't comment on whether customers would have been exposed to the team member.
Domino's jumps.
The Domino's Pizza Enterprises Ltd (ASX: DMP) share price fared much better on Friday. The pizza chain operator's shares finished the day 3.5% higher at $55.36.
The catalyst for this was a broker note out of Macquarie Group Ltd (ASX: MQG) this morning. According to the note, the broker has upgraded its shares to an outperform rating with a $66.10 price target.
Macquarie believes that Domino's will be unaffected by the coronavirus outbreak and expects it to continue its positive form in the second half.
