FAT - Restaurant stocks expected to sizzle again as dining out accelerates

Wall Street analysts have been busy boosting ratings and price targets on restaurant stocks over the last month in preparation for the expected boom in on-premise dining this spring and summer. The renewed interest in restaurant stocks also prompted AdvisorShares to launch a new restaurant ETF today."American’s love of eating out has grown steadily over the last 80+ years – from only 25% in 1955 to 51% in 2019. While there was a decline due to the global pandemic, estimates place that spending number back over 50% in the immediate post-pandemic future," notes AdvisorShares. The top ten holdings in the fund are Jack in the Box (JACK), Yum Brands (YUM), Brinker International (EAT), Del Taco (TACO), Darden Restaurants (DRI), RCI Hospitality (RCI), Chuy's Holdings (CHUY), Starbucks (SBUX), Papa John's International (PZZA) and McDonald's (MCD). For investors looking to pick and choose between the restaurant stock selections, the two restaurant stocks

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Restaurant stocks expected to sizzle again as dining out accelerates