RBC Capital Markets is making a bullish call on Jack in the Box, but our traders have different restaurant chains on their radar.
" on Thursday. "This is a bull market stock. It's got locations focused in metro areas ... and these higher-rent sit-down places like Ruth's Chris or Capital Grille, they have smaller tables, fewer customers, but they have bigger checks."
Ruth's Hospitality, which owns the Ruth's Chris Steak House franchise, has a $795 million market cap. The stock has risen 149% in 12 months but has fallen 21% from an early May peak."The stock is only 22 times forward earnings," said Gordon. "We've pulled back to the lower $20s, which, ironically, was the breakdown in the Covid era, so I kind of like to use that as support. I'm looking to add that to my portfolio.
Another chain caught the eye of Gina Sanchez, CEO of Chantico Global and chief market strategist at Lido Advisors.. We actually brought Starbucks into our recovery portfolio at Lido Advisors," Sanchez said during the same interview. "They got really pummeled during the pandemic, although they did actually spend quite a bit of money to go digital and to make their products available in an easy-to-order way.
Starbucks fell 46% from a January 2020 high to its pandemic low in March last year. It has rallied 122% since then. "They're really set to recover along with the rest of the economy," said Sanchez. "The lines are already starting to form at Starbucks as people slowly return to normal life, some going back into the office, and I think all of that benefits Starbucks."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Corrie star Jack P Shepherd reflects on ruining chance at Hollywood successSoap actor Jack P Shepherd has told that he missed out on a chance of Hollywood success as a youngster due to flopping during an audition
Read more »
Zadie Smith Helped Jack Antonoff Write a Bleachers SongWhat can’t Zadie Smith write?
Read more »
Jack Weinstein, Iconoclastic Federal Judge for Five Decades, Dies at 99Federal judge Jack Weinstein was known as the definition of a 'judicial activist,' seeking to correct the injustices of the world from his bench and treating every defendant before him with kindness. He died at the age of 99.
Read more »
This fast-food stock is beating McDonald's this year and RBC says it's not too late to catch the rallyThe stock has gained 27% year to date, outperforming some key competitors. However, the stock still is trading at a discount to its peers, according to RBC.
Read more »
Sony Dates Brad Pitt’s ‘Bullet Train’ And Jack Black & Ice Cube Comedy ‘Oh Hell No’ For 2022 – UpdateUPDATED with new Oh Hell No date: Sony said Tuesday that it has shifted the release date for Columbia Pictures’ Jack Black-Ice Cube comedy On Hell No to June 17, 2022. That is a couple of wee…
Read more »
After traders get past this tricky Fed meeting, a confusing second half awaitsEven if the Fed adopts a best-case scenario, the market has a big problem: traders don't know where we are in the economic cycle.
Read more »