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Are These The Best Food Stocks To Buy During The COVID-19 Pandemic?

These food stocks are all displaying signs of growth despite the COVID-19 pandemic.

Top 3 Food Stocks To Watch In September

Food stocks are having a volatile run in the stock market during the economic crisis. Many restaurants were forced to close for a while. On the other hand, food companies that offer products in supermarkets like Beyond Meat (BYND Stock Report), and Kroger (KR Stock Report) saw an increase in profit. This is due to people not wanting to eat at restaurants due to the coronavirus pandemic. People are more likely to buy food at the supermarket and bring it home or get takeout.

Top food stocks to watch that are related to restaurants rise when more news regarding reopening is released. Many restaurants have already opened with social distancing guidelines in place. Food delivery services have also seen a big increase in business due to stay at home orders. People want to order food instead of going out during this pandemic. Food stocks related to delivery have seen stock prices rise and recover already. So let’s look at three food stocks that have been trending in the market in 2020.

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Top Food Stocks To Watch In September 2020: Papa John’s International Inc.

Let’s first talk about Papa John’s Interternational Inc. (PZZA Stock Report). Papa John’s is a pizza delivery company based in the United States. Papa John’s is presently the fourth largest pizza delivery company in the United States. The company has experienced great growth during the economic crisis as many are ordering food instead of going to restaurants. Papa John’s released its second-quarter results for 2020 on August 6th.

Second quarter saw a sales increase of 5.3% during the pandemic. Excluding temporary closures, international sales increase of 13.3% as well.

The President and CEO of Papa John’s Rob Lynch said, “Faced with an unprecedented global challenge but guided by our values and purpose, Papa John’s achieved record sales in the second quarter. “Across the U.S. and those international markets where delivery-based businesses have remained open, we have safely and successfully met the needs of millions of new and returning customers who have relied on us for high-quality, delicious pizza, Papadias, and other food during the pandemic.”

Top Food Stocks To Watch In September 2020: Chipotle Mexican Grill Inc.

The second food stock to discuss is Chipotle Mexican Grill Inc. (CMG Stock Report). Chipotle is a fast food chain that offers a variety of Mexican food such as tacos, burritos, and more. This business has thousands of locations and has seen swift expansion in the last decade. Chipotle is an example of a food stock that has grown sturdy during the harsh economic climate. It offers its food on delivery services such as DoorDash, and also allows for pickup. In 2020 the company opened its ordering app to Canada allowing for business to expand even more.

Previous to the stock market crash caused by the pandemic, CMG stock price was at $927 a share on average. CMG Stock saw a great dip like most stocks did when the market crashed. Since then, CMG stock price has been rising. CMG stock has increased by more than 51% in 2020. Furthermore, CMG stock price has gone up more than 105% as of September 11th from March 13th. Chipotle’s growth in 2020 shows that some food stocks have been able to make the most out of the pandemic situation. Chipotle’s fast option for Mexican food has allowed it to expand its growth, even more, this year.

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Top Food Stocks To Watch In September 2020: Grubhub Inc.

The final food stock to watch is Grubhub Inc. (GRUB Stock Report). Grubhub has grown to be one of the largest food delivery services in the United States. In 2019 Grubhub had 19.9 million active users, as well as 115,000 restaurants offering delivery and pickup on its app. GRUB stock has seen positive effects recently due to its growth during the ongoing pandemic. Initially, shares of GRUB stock dropped when the virus started, though now GRUB stock has initiated a bounce back.

In Grubhub’s second quarter results it announced that  its gross food sales grew 59% year over year to $2.3 billion up from $1.5 billion. The food company also reported revenue of $459 million, a 41% year over year increase.

The CEO and Founder of Grubhub, Matt Maloney said, “Our singular focus for the second quarter was to support our restaurant partners as much as possible in their time of need. With a little help from increased demand, we are proud to announce we were able to spend approximately $100 million supporting and keeping restaurants, drivers, and diners safe during these difficult times.”

That is why GRUB stock is on this list of food stocks.

By Josh Dylan

Josh Dylan is an active contributor to StockMarket.com. His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like MarijuanaStocks.com, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the StockMarket.com social media team. He works to delivery top research not only one StockMarket.com but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

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