Top Restaurant Stocks 2013 – Restaurant Stock Picks 2013 – Restaurant Stocks to Buy
Top Restaurant Stocks 2013 – Restaurant Stocks are an area of growth you might overlook when planning your stock portfolio. Investing is restaurant companies can be very rewarding if you do your homework. Below is a list for the best restaurant stocks and restaurant stocks to buy in 2013. Buy low, sell high. I currently own Chipotle Mexican Grill (CMG) in my long term stock portfolio since the stock is was off it’s high.
Restaurant Stocks to Buy 2013 – Chipotle Mexican Grill (CMG) – Chipotle Mexican Grill (CMG) is my top restaurant stock pick for 2013 due the recent drop over the last 4 months. CMG was red hot in early 2012 but dropped after the company cut It’s sales forecast which caused analysts to lower their earnings expectations. After hitting a high of $443, CMG stock dropped all the way down to $233 before rebounding.
I have been buying Chipotle Mexican Grill (CMG)over the last 3 months and my average is around $271. CMG is my favorite resturant stock for 2013 due to it’s growth potential. The company is expanding It’s asian concept ShopHouse to the west coast. Shophouse, which has one restaurant in Dupont Circle, will become huge someday and here is your chance to buy into a restaurant company on the ground floor. You also get the booming Chipotle Mexican Grill brand as well.
Chipotle Mexican Grill uses all natural ingredients and organic food when possible. The company strives to help you eat healthy and support local farms. As the company expands into new markets and countries, the stock price should rebound back to $350-$400 by 2014.
Chipotle Mexican Grill (CMG) trades at a higher P/E than most restaurant stocks but the stock is a buy below $300 in 2013.
Other Restaurant Stocks to Buy 2013
Noodles & Company (NDLS)
Panera Bread (PNRA)
Darden Restaurants (DRI) – Olive Garden – Red Lobster
Yum Brands (YUM) – Taco Bell – Pizza Hut