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In addition, consumer spending is expected to grow further in the coming months because of the holiday season. According to Statista, the U.S. chain restaurant industry’s market size is predicted to reach 149.57 billion in 2021.
So, we think it may be wise to bet on fundamentally strong restaurant stocks Papa John’s International, Inc. (NASDAQ:PZZA), Ruth’s Hospitality Group, Inc. (RUTH), Noodles & Company (NDLS), and Good Times Restaurants Inc. (GTIM).