Top 10 Restaurant Stocks to Buy Now
The restaurant industry has faced unprecedented challenges this year stemming from the Covid-19 pandemic, which has forced millions of locations worldwide to remain closed at various points since March and operating at reduced capacity when open.
The Invesco Dynamic Leisure & Entertainment ETF (NYSEARCA:PEJ), which is most heavily weighted towards the restaurant sector, is still down by 15% in 2020, though it has gained 28% since the end of October owing to the favorable developments on the coronavirus vaccine front.
Aside from the current challenges it faces, the restaurant industry is undoubtedly on the rise, as evidenced by the growing chunk of the food market that it’s been able to eat up in recent years. Restaurant spending toppled traditional grocery spending for the first time in 2010 in the U.S and the industry has continued to grow since then.