It seems like only yesterday that investors were cheering consumers’ return to restaurants. Actually, it was last month, but a resurgence in coronavirus cases in many parts of the country has curbed diners’ appetites.
Fast-casual restaurants have shown “a quick deceleration for the week ended June 28, putting a halt to the recent months' gradual, albeit choppy, recovery for the category,” Barish writes in a Tuesday note. On the positive side, however, Barish writes that these companies are “now in much better shape” with people now realizing the upside to getting takeout from restaurants that previously weren’t associated with this kind of meal. He thinks valuations are still attractive in the sector, highlighting Bloomin’ Brands as the best way to get exposure to the longer-term recovery, given its strong off-premises growth.
Still, he warns that while he thinks these companies will continue to see the strongest near-term growth, he thinks they are “past peak year-over-year growth, which could make multiple expansion difficult.” Thus, he argues that investors should turn to the smaller players, like El Pollo Loco Holdings , Noodles & Co. , and Del Taco Restaurants , which have seen “impressive acceleration in off-premise/drive-thru, but valuations [that are] still relatively depressed.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
A research house that called the COVID-19 market sell-off as early as February says investors should 'buy the dip' if stocks fall 5-10% | Markets InsiderAnalysts at BCA Research are recommending investors 'buy the dip' if stocks fall 5-10% from current levels. BCA Research analysts predicted in F...
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
China rally triggers gains in European cyclical stocksEuropean shares headed towards a one-month high on Monday, with a rally in China's markets setting an upbeat tone as investors banked on the world's second biggest economy to lead a recovery from the coronavirus-induced slump. Someone translate this in sports terms False rises are all weighted stocks, and small stocks have not changed much You must be joking.
La source: Reuters - 🏆 2. / 97 Lire la suite »
Global Stocks Jump, Led by Surge in Chinese MarketsInternational stocks and U.S. futures rallied on hopes for a strong recovery from the coronavirus pandemic and a signal from Chinese state media suggesting investors should support a local bull market. The free market will always reveal truth. The propaganda is failing. Cazino never sleeps
La source: WSJ - 🏆 98. / 63 Lire la suite »
Chinese Stocks Surge as Individual Investors Pile Into MarketThe flagship Shanghai Composite Index hit its highest since early 2018, as small investors bet that a recovering Chinese economy and easier financial conditions would fuel a boom in corporate profits. I feel it is very dangerous Good job Individual investors? CCP is an incredibly free country that wholly supports the rights of its ethnically diverse state owned financial manipulators. Sarcasm - in case you couldn't figure it out.
La source: WSJ - 🏆 98. / 63 Lire la suite »
Citi expects stocks to go sideways for a year, suggests defensivesWorld stocks will probably tread water for a year, according to Citi strategists, who recommend a more defensive portfolio in the face of the fallout from the coronavirus pandemic. this almost guarantees that stocks won't go sideways for a year... That’s a stupid position to have. Get a new broker. 1yr is optimistic vision...
La source: Reuters - 🏆 2. / 97 Lire la suite »
Stocks in Europe rally on economic optimismEuropean stocks rose Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India. come on...you can't be serious with this headline...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »