One sector expected to reap immediate benefits of the reopening is the restaurant business. It would be no exaggeration to say that even though there is a widespread emotional longing for the dining-out experience after months in lockdown, the reality on the ground spells out much harsher facts for many restaurants. The pandemic has also forced a fundamental rethink of the traditional business model for restaurants. The establishments that had takeaway and delivery options streamlined before the pandemic have seen their business surge, whereas those that relied on dine-in sales have suffered major losses. Cheap restaurant stocks with growth potential might be the better option for investors looking for higher gains. The digital revolution in the restaurant business over the past few months is reminiscent of the changes taking place in other sectors over the past few years.
Insider Monkey states The Top 10 Restaurant Stocks under $10. The share price of Drive Shack Inc. surged after financial services firm Craig-Hallum Capital started coverage on the firm with a Buy rating. The company was assigned a price target of $5. The 52-week price range of Drive Shack stock lies between $3.9 and $1. FAT Brands Inc. is a California-based restaurant franchising company involved in developing, marketing, and acquiring restaurants worldwide. The restaurants J. Alexander’s Holdings, Inc. runs include J. Alexander’s, Redlands Grill, Lyndhurst Grill, Overland Park Grill, Merus Grill, and Stoney River Steakhouse and Grill. The restaurants run by the firm mostly offer American food only. The ONE Group Hospitality, Inc. is a Denver-based hospitality company that owns and runs restaurants and lounges and provides management services for hotels, casinos and other posh venues. The company’s primary brand is the STK restaurant, a modern eatery that aims to recreate the traditional American steakhouse concept. Carrols Restaurant Group, Inc. runs more than 1,000 Burger King restaurants and more than 50 Popeye restaurants in 23 US states. Late last year, Carrols Restaurant stock surged more than 8% after the company’s director, Matthew Perelman, bought an additional 56,300 shares in the group at an average price of $5.25 per share. The restaurants that top this list are in The Top 10 Restaurant Stocks under $10.
