Nick Setyan of Wedbush makes the bullish case for restaurant stocks. He thinks Cava (CAVA), up over 200% this year, should seize on its growth. Wedbush also has Outperform ratings on Cheesecake Factory (CAKE), Dine Brands (DIN), and Jack in the Box (JACK). JACK is down over 40% this year, but he expects next year to be better. DIN has also struggled, but he highlights its franchise nature and thinks it’s “well-positioned” into 2025.
Market On Close
26 Nov 2024
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