U.S. restaurants continue to flourish in 2024 after impressive performances in the last two years. Restaurant sales were not impacted much despite severe inflationary pressure. The momentum is likely to continue for the rest of 2024.Strong Restaurant Sales in MarchThe Department of Commerce reported that sales at U.S. bars and restaurants (adjusted for seasonal variation and holiday sales but not for price changes) came in at $93.7 billion in March, up 0.4% from February. Year over year, spending on restaur ...

The grill & bar is shaking up a new Espresso Martini with a Chili's twist, available starting April 15  DALLAS, April 15, 2024 /PRNewswire/ -- Chili's® Grill & Bar is introducing its own version of the ever-popular Espresso Martini with a modification only Chili's could shake up ꟷ  swapping the traditionally used vodka for reposado tequila. To help bring its Espresso Martini to restaurants nationwide, Chili's has partnered with fan-favorite reality stars, Scheana Shay and Katie Maloney, who know a thing or ...

Brinker International (EAT) closed at $47.91 in the latest trading session, marking a -0.6% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.15%. Elsewhere, the Dow saw a downswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.32%.The operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy's stock has climbed by 0.33% in the past month, falling short of the Retail-Wholesale sector's gain of 1.12% and the S&P 500's gain of 1.65%.Analyst ...

Several retail restaurant stocks have become attractive this spring with a few being some of the market's top performers so far this year while others look poised for a rebound.With these stocks sporting a Zacks Rank #2 (Buy), here’s a look at three of the top retail restaurant's to consider investing in right now. McDonald’s (MCD) : Starting the list is McDonald’s, as the iconic fast food chain has remained a viable investment with steady growth. McDonald’s historical performance attests to this as well wi ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Brinker International (EAT) , which belongs to the Zacks Retail - Restaurants industry.This operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 419.33%.For the most recent quart ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 22nd:  General Motors (GM) : This company which is one of the world’s largest automakers, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days.General Motors has a price-to-earnings ratio (P/E) of 4.82 compared with 6.70 for the industry. The company possesses a Value Score of A.Stifel Financial (SF) : ...

Brinker International, Inc.’s (EAT) shares have gained 56.2% in the past six months compared with the Zacks Retail – Restaurants industry’s 12% rise. The company has been benefiting from menu adjustments and effective pricing strategies. Also, solid Chili's performance and focus on expansion initiatives bode well.The Zacks Consensus Estimate for EAT’s fiscal 2024 sales and earnings per share (EPS) suggests increases of 4.9% and 30.7%, respectively, from the year-ago period’s levels. The company has a long-t ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zack ...

The Zacks Retail – Restaurants industry’s performance continues to be impacted by high wages and food cost inflation. However, rapid increases in menu prices, average check growth and expansion efforts bode well. Industry participants also benefit from partnerships with delivery channels and digital platforms. Sales have steadily risen, which is a good sign for the industry. Stocks like Yum China Holdings, Inc. (YUMC) , Shake Shack Inc. (SHAK) and Brinker International, Inc. (EAT) are well-poised to benefit ...