5 Restaurant Stocks to Buy for Steady Returns Amid Industry Weakness

The U.S. restaurant industry continues to be impacted by high wages, food cost inflation and traffic woes in 2024 after two years of strong growth. The Zacks defined Retail – Restaurants industry is currently in the bottom 35% of the Zacks Industry Rank. In the past year, the industry has grown just 3.3%, while its year-to-date return is a mere 1.1%. The broad-market index — the S&P 500 — has rallied 29.3% and 18.8%, respectively, over these periods. Since the restaurant industry is ranked in the bottom hal ...