Analyst: Commodity prices have peaked

Restaurants could experience turnaround as gas prices decrease and commodities max out

Arguing that commodity prices appear to have peaked and gas prices are coming down, at least one analyst is predicting that restaurant operators will have a more positive outlook during the upcoming earnings season.

In a restaurant industry update report issued Wednesday, Bart Glenn of D.A. Davidson & Co. said restaurant stocks followed by the firm outperformed expectations in June in part because of lower gas prices and an easing of some food commodity costs.

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