Why Many Restaurant Stocks Surged in May
Restaurant stocks had a great month in May 2020, according to data from S&P Global Market Intelligence. Cracker Barrel Old Country Store (NASDAQ: CBRL) and Texas Roadhouse (NASDAQ: TXRH) rose 10% last month. Burger King and Popeyes parent Restaurant Brands International (NYSE: QSR) posted a 10.7% gain, while Chili's owner Brinker International (NYSE: EAT) delivered a 13.2% return.
Leaving all of these big gains far behind, though, restaurant equipment vendor Middleby (NASDAQ: MIDD) rose 22.4%.
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Source Fool.com
