The total revenues of the restaurant and foodservice industries fell by $240 billion in 2020, compared to a projected level of $899 billion. Due to the coronavirus outbreak, over 110,000 eateries in the United States were forced to close, either temporarily or permanently. The third Covid-19 stimulus package was signed by US President Barack Obama, allocating $28.6 billion to the restaurant and food industry. Brinker International, Inc. stock has risen 180.9 percent in the last year. From $115 billion in 2020, the worldwide online meal delivery market is anticipated to reach $126.9 billion in 2021. McDonald’s, Domino’s, and Chipotle have all increased their digital sales in the last year. China remained the largest market for food delivery, followed by the United States. Wall Street analysts predict a restaurant boom in the coming months. McDonald’s Corporation and Starbucks Corporation are among the fund’s top holdings.
Insider Monkey analyzes the list of the 12 best restaurant stocks to invest in. The Cheesecake Factory Incorporated is ranked twelfth. The CAKE stock has climbed by over 158 percent in the last year and 50.2 percent year to date since hitting a low in March 2020. Texas Roadhouse, Inc. is ranked twelfth. Texas Roadhouse recorded a net income of $64.1 million in the first quarter of 2021, up from $16 million the previous year. QSR is ranked eighth. Tim Hortons, Burger King, and Popeyes are three of the most well-known fast-food brands owned by the company. Due to the global market meltdown, QSR shares hit an all-time low of $32 in March 2020. Domino’s Pizza, Inc. ranks eighth. The company operates 17,800 locations in more than 90 countries and sells more than 3 million pizzas per day. The DPZ stock has returned 28.6 percent since the beginning of the year. In the United States and Guam, Jack in the Box Inc. is one of the most well-known quick-service restaurants. Since its inception in 1951, the company has grown to include over 2,200 locations. On the list of the best restaurant stocks to buy, Jack is ranked eighth. For more details, click 12 Best Restaurant Stocks to Invest In.
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