3 Top Restaurant Stocks to Buy in April
Restaurant stocks have been among the hardest hit from the COVID-19 shutdown. As governments ordered restaurants to stop seating customers, the market responded by whacking the stocks.
Imagine you are a shareholder in Ruth's Hospitality, the parent company of the Ruth's Chris Steak House chain. The stock was almost obliterated in a month, falling from a closing high of $23.83 on Feb. 20 to a shocking intraday low of $2.32 on March 18, a 90% loss. Other restaurant stocks were hit almost as hard. Bloomin' Brands, owner of Outback Steakhouse and several smaller chains, dropped from a closing price of $22.95 a share on Feb. 20 to a dismal intraday low of $4.54 on March 17. Even the high-flying chicken wing superstar Wingstop saw its stock cut in half in the span of a month.
Not surprisingly, all three stocks have bounced back in a big way.
Source Fool.com
