Analysts pick top restaurant stocks for 2017
Picking stocks isn’t easy, and this year is no exception.
Think about this: Over the past month, the Nation’s Restaurant News Restaurant Stock Index has risen nearly 3 percent, and many restaurant industry stocks are near 52-week highs.
That’s despite myriad concerns heading into 2017 over sales and traffic, which aren’t disappearing. Same-store sales were weak all year, and while that will mean easier comparisons in the coming months, many prognosticators say sales will remain tempered.
There are also rising labor costs to worry about, while food costs won’t fall nearly as much, which could hurt profits.
With stock prices