HomeMost PopularInvesting4 Restaurant Stocks Poised for a Year-End Bull Run

4 Restaurant Stocks Poised for a Year-End Bull Run

Actionable Trade Ideas

always free

The restaurant industry has faced uncertainty this year, but several stocks are showing strong earnings and potential for a bull run in the coming months. In this article, we will highlight four restaurant stocks that present compelling opportunities in the sector.

Wingstop: A Chicken Wing Powerhouse

Wingstop (WING) is a popular American restaurant chain known for its flavorful and customizable chicken wings. With over 1,400 locations worldwide, Wingstop has experienced strong sales growth and digital penetration, leading to a nearly 50% YTD rally. The companyโ€™s recent Q3 earnings beat expectations, showing continued progress in business growth.

Potbelly: Comfort Food with Potential

Potbelly (PBPB) is an American restaurant chain specializing in sandwiches, salads, soups, and milkshakes. Despite struggling since its IPO, Potbellyโ€™s recent earnings report indicates a potential turnaround. The stock has seen a 22% surge this week, and analysts have upgraded their ratings. Potbellyโ€™s strong quarterly results and positive outlook make it an enticing option.

Chipotle Mexican Grill: Leading Fast Casual Dining

Chipotle Mexican Grill (CMG) has revolutionized the fast-casual dining sector. With strong Q3 earnings, the company beat analystsโ€™ estimates and approached its all-time high. Chipotleโ€™s total revenue and operating margins have shown impressive growth, and its expansion efforts remain robust. Analysts project steady sales and earnings growth, making it an attractive stock.

McDonaldโ€™s: A Timeless Investment

McDonaldโ€™s (MCD) has consistently impressed investors as a great American company and stock. With steady earnings and sales growth, McDonaldโ€™s continues to outperform the industry. The company recently reported strong earnings, beating expectations on both the top and bottom line. Its dividend aristocrat status and impressive rates of growth further solidify its position as a worthwhile investment.

These four restaurant stocks offer strong prospects driven by impressive growth and upward-trending earnings estimates. Investors should consider these stocks for potential year-end gains.

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.