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Hungry for Profits? Then Consider Adding These 3 Steakhouse Stocks to Your Portfolio By StockNews

by Mike Robinson

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© Reuters. Are you hungry for profits? Then Consider Adding These 3 Steakhouse Stocks to Your Portfolio

Restaurant stocks soared higher earlier this year as the vaccinations and falling coronavirus case counts increased optimism that the economy would be able to fully recover. Ruth’s Hospitality Group (RUTH), Texas Roadhouse (NASDAQ:), and Bloomin’ Brands (BLMN) are three steakhouse stocks worthy of your investing dollars.Restaurant stocks soared higher earlier this year as the vaccinations and falling coronavirus case counts increased optimism that the economy would be able to fully recover.
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However, over the past couple of months, this sector has underperformed as it became clear that the pandemic wasn’t going to have such a neat and tidy ending. However, now is the perfect time to invest in the dip. Case counts are slowly declining, creating the opportunity for an end-of-the year rally.
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Ruth’s Hospitality Group (RUTH), Texas Roadhouse (TXRH), and Bloomin’ Brands (BLMN) are three steakhouse stocks worthy of your investing dollars. These stocks have the ability to absorb increased costs and pass these savings on to their customers.

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