3 Top Restaurant Stocks to Watch in October
With COVID-19 continuing to lurk in the U.S. and around the globe, and the uncertainties of colder weather arriving, restaurant companies remain on shaky ground more than seven months after the novel coronavirus debarked on America's shores. Some restaurants have bounced back vigorously, however, while others are still mired in COVID's fallout.
Those eateries that emerged relatively unscathed from COVID-19's first wave seem most likely to survive, and rebound quickly from, a potential second round of outbreaks and lockdowns, too. Fools investing in consumer discretionary stocks this month may opt to give consideration to BJ's Restaurants, Inc. (NASDAQ: BJRI), Dunkin' Brands Group, Inc. (NASDAQ: DNKN), and even, potentially, outlier Cracker Barrel Old Country Store (NASDAQ: CBRL).
BJ's Restaurants, a California-headquartered restaurant chain with locations in 28 states and the distinctive feature of microbreweries attached to some of its restaurants, might look like a doubtful choice at first glance. Part of the company's business strategy is the atmosphere of its locations, making the dine-in experience part of its appeal. This appears to be a handicap in the COVID-19 era.
Source Fool.com
