Good afternoon, With interest rates at 20-year highs and the rate of inflation keeping prices elevated, it's no surprise that Americans are eating more at home. Depending on where you live, restaurant parking spaces are abundant and wait times are not what they used to be (if they exist at all), even at "peak times." You may be surprised that some restaurant chains are even still in business. All this might have you thinking that restaurant stocks are poor investments right now. But that's where you have to take a closer look. This isn't a case of not believing what your eyes see. It's making sure you're looking at the right data. And when it comes to the health of many restaurant chains, that means looking at a company's website. Chances are, they have an online ordering option. And if you take a peek at the front of the house, they're probably doing a pretty brisk carryout business. That's the state of the restaurant industry in 2024. Dining out for many American families is now carryout. This is true even at chains like Olive Garden and Chili's, which used to be sit-down-only experiences. And with the prices of many of these restaurants now being on par with, or maybe even a little better than, some fast-food chains, that obstacle is also removed. As such, more and more consumers are choosing the actual or perceived healthier option: fast-casual restaurants. This is why it's a good time to look at restaurant stocks. In this special presentation, we look at seven stocks that are benefitting from this trend.
Many of these companies have been embracing digital technology since well before 2020. And those that did are reaping the largest benefits now. The economy may still be struggling, but the outlook for summer travel still looks bright. That means higher revenues, higher earnings, and likely a higher stock price for these fast-casual restaurants. View the 7 Restaurant Stocks to Profit from the Trend Towards Fast Casual Don Miller
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