4 Restaurant Stocks To Play A Likely Turnaround In 2021

Ruth's Hospitality Group, Inc. (RUTH Quick Quote RUTH - Free Report) along with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name in the United States. Shares of this Zacks Rank #2 company have gained 103.4% in the past six months, courtesy of its operational adjustments. The Zacks Consensus Estimate for its 2021 earnings has been revised 18.4% upward in the past 60 days. The Zacks Consensus Estimate for its 2021 earnings indicates an improvement of 264.6% year over year.

FAT Brands Inc. (FAT Quick Quote FAT - Free Report) is a multi-brand restaurant franchising company that develops, markets, and acquires predominantly fast-casual restaurant concepts around the world. Shares of this Zacks Rank #2 company have surged 124.5% in the past six months. Notably, the company has been benefitting from phased reopening across the country and solid to-go delivery sales. Meanwhile, the company has seen no changes when it comes to estimating revision over the past few weeks and the Zacks Consensus Estimate for its current-quarter earnings also remained unchanged. The Zacks Consensus Estimate for its 2021 earnings indicates an improvement of 127% year over year.

The ONE Group Hospitality, Inc. (STKS Quick Quote STKS - Free Report) develops, owns and operates, manages, and licenses upscale, high-energy restaurants, and lounges. It also provides food and beverage services for hospitality venues including hotels, casinos, and other high-end locations. Shares of this Zacks Rank #2 company have surged 74.9% in the past six months. Notably, the company has been benefitting from new menus, the launch of a revived bar and timing program, and aggressive and sustained marketing activities. The Zacks Consensus Estimate for its 2021 earnings has been revised 20% upward in the past 60 days. The Zacks Consensus Estimate for its 2021 earnings indicates an improvement of 79% year over year.

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