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With approximately 70% of the U.S. adult population at least partly inoculated to date, the restaurant industry is expected to remain operational despite the surging COVID-19 cases. Furthermore, strong consumer discretionary spending and pent-up demand should allow restaurants to maintain their current operational levels.
Given this backdrop, Wall Street analysts expect the prices of popular restaurant stocks The ONE Group Hospitality, Inc. (STKS), Del Taco Restaurants, Inc. (TACO), and Carrols Restaurant Group, Inc. (TAST) to rally by more than 50%.
