Analyst: Investors are bullish on restaurants

Analyst: Investors are bullish on restaurants

Despite stock market volatility, restaurant stocks resilient to date

Wall Street has been like an elevator stuck on down over the past week, but restaurant stocks have fared better heading into the third-quarter earnings season for public restaurant chains. Christopher O’Cull, analyst at KeyBanc Capital Markets, said that is thanks to investor bullishness on the restaurant industry.

As of Thursday's market close, restaurant stocks were up 2.3 percent year to date, according to O’Cull. By comparison, the S&P 500 was up 0.9 percent year to date

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