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The party, called “Americafest,” was held at Cadillac Ranch, a Western-themed bar-and-grill.

Overall, casual dining restaurants suffered a 1.3% decline in same-store sales in 2017 compared with the year before while the bar-and-grill segment, including Applebee's, fared even worse with a 2.5% drop.

One misstep: In recent years, the company “set to reposition or reinvent Applebee’s as a modern bar-and-grill in overt pursuit of a more youthful and affluent demographic ... a clear pendulum swing toward millennials,” Cywinski said.

The Flower Shop, a bar-and-grill that opened on the Lower East Side of Manhattan in early March, has no guest list, reservations or sneering doorman.

The bar-and-grill chains have not fared well.