Are These 3 Restaurant Stocks Worth a Bite?
Investing in restaurant stocks can be a simple, yet frustrating, pursuit. Developing a successful concept that can easily be duplicated across the country is easier said than done. While a good plan in theory, restaurants can quickly come in and out of favor. Very few successfully make the trek from a strong regional play to a truly national company. Investors crave the successes of Chipotle Mexican Grill or Panera Bread, which quickly spread nationwide and provided huge gains for early investors.
Now a new set of restaurant stocks hope to replicate that success, from relatively new public firms Chuy's (NASDAQ: CHUY ) and Noodles & Company (NASDAQ: NDLS ) to recent turnaround Jack in the Box (NASDAQ: JACK ) . All three stocks have market valuations of less than $2 billion compared to the $12 billion valuation of Chipotle.
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