Why Is No One Talking About the Hottest Restaurant Stock?
If you're hungry for a pandemic-proof restaurant concept, you're going to start by looking at pizza chains and other concepts with strong delivery games. With indoor dining still off the menu, you will eye chains with busy drive-through windows, and ideally not heavily dependent on breakfast traffic since morning commuters are still not coming around.
You would draw up a short list, and my guess is that Wingstop (NASDAQ: WING) probably wouldn't be on it. Wingstop? That chicken wing place? The 1,500-unit concept doesn't deliver pizzas or feature drive-through lanes. However, you won't find a concept holding up better in terms of comps and overall growth. It was surprisingly well positioned heading into the pandemic, and now it's thriving from its unique model that's making franchisees, investors, and customers happy right now.
Image source: Wingstop.
Source Fool.com