Goldman sees price wars coming to restaurants and gives 6 stocks that can still thrive

📆 2024-06-13 11:54 AM
📰 CNBC

⏱ Reading Time:
19 sec. here
16 min. at publisher
📊 Quality Score:
News: 60%
Publisher: 72%

Investment Strategy News

Stock Markets,Chipotle Mexican Grill Inc,Starbucks Corp

Chipotle, Starbucks and Sweetgreen are among the investment bank's buy-rated picks.

Consumer spending worries haven't dampened Goldman Sachs' conviction on Americans' willingness to eat out. But only a few restaurant brands that can hold on to their pricing will be able to come out on top, the firm said. Analyst Christine Cho initiated research coverage on the restaurant sector with a "relatively constructive view.

"This underpins company's ability to scale the business in a highly profitable manner without losing grip on the core operations including the quality of food/customer experience." Shares of the burrito chain, which reached an all-time high on Thursday, is up 42% this year. The stock could climb another 18%, based on Goldman's 12-month price target.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chipotle portions haven’t shrunk, company says after TikTok backlashThe Mexican fast-casual chain has responded to criticism that it is scaling down its portions by assuring customers that nothing has changed.
Source: washingtonpost - 🏆 95. / 72 Read more »

Chipotle CEO discusses viral TikTok trend, company's first-ever stock splitIn a Wednesday interview with CNBC’s Jim Cramer, Chipotle CEO Brian Niccol addressed a recent TikTok trend that claims the company is skimping on…
Source: nbcchicago - 🏆 545. / 51 Read more »