This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

12 Restaurant Stocks at 52-Week Highs

P. F. Chang's China Bistro

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

P. F. Chang's China Bistro (PFCB)

52-Week High Reached Tuesday: $53.38

As a moderately priced restaurant chain, P.F. Chang's competitors include Cheesecake Factory and Texas Roadhouse.

Sterne Agee managing director Lynne Collier recently told TheStreet that she expects P.F. Chang's and other casual dining chains with a bulk of their stores inside or near shopping malls to do well this holiday shopping season because "restaurant dining is not as much contingent on how much customers buy but whether or not they're out."

>> Black Friday: Restaurants Piggyback Retailers

Other names in the sector like California Pizza Kitchen (CPKI) and Cheesecake Factory are likely enjoying a similar boost this December. As a result, Collier believes they are more likely to get the Black Friday bump as the discount hunting for holiday gifts gets underway.

Restaurant gift card sales will pad the group's sales even further. Americans are expected to spend an average of $145.61 on gift cards this holiday season, according to the National Retail Federation. Just over 33% of shoppers surveyed by the trade group said they will give their friends and family members gift cards to restaurants.

That could amount to $8.28 billion of expected gift card sales this holiday season. " Retailers' discounting on Black Friday should help the restaurant group," she added. "You will have more consumers out and about ... [and] many people out and about shopping is a good thing for the restaurant group."
9 of 13

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CAKE $55.57 0.63%
EAT $54.15 0.00%
DRI $69.16 0.45%
MCD $96.14 -0.35%
SBUX $55.50 -0.80%

Markets

Chart of I:DJI
DOW 16,614.08 -40.69 -0.24%
S&P 500 1,984.45 -3.21 -0.16%
NASDAQ 4,816.9260 +4.2180 0.09%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs