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Do These 2 Food Stocks Have Investors Hungry For More?

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Are Investors Gaining An Appetite For These Top Food Stocks?

Food stocks have had an interesting run in the market during the economic crisis. Many restaurants were forced to close their doors. On the other hand, many food companies with products in supermarkets saw an increase in profit. This is due to people not risking eating at places due to coronavirus. People are more likely to buy food and bring it home.

Food stocks 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.

At the same time many franchises had to close up locations permanently. The revenue loss during the economic crisis is very bad for these companies. This means that not all food stocks are able to do well. Food stocks are volatile, so let’s take a look at two that are holding momentum in the market.

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Top Food Stocks To Buy (Or Sell) In 2020: Papa Johns

The first food stock to discuss is Papa John’s International Inc. (PZZA stock report). Papa John’s is currently the fourth largest pizza delivery company in the United States. The Kentucky based company was founded in 1984 and has seen much growth since. This food stock has seen good growth during the current economic crisis. Many are ordering pizza instead of going out to eat.

Since the coronavirus pandemic began PZZA stock has performed well. PZZA stock price saw an initial drop when the market as a whole dropped. Now PZZA stock has recovered swiftly. In fact PZZA stock price is higher than it was before the pandemic began. Before the economic crash, PZZA stock was at around $69 a share. As of June 17th, PZZA stock price is at $82 a share.

This food stock proves that companies are still able to strive in a dark economy. When a food stock like Papa John’s does well it causes other similar ones to rise. It is unknown how PZZA stock will be affected when the world reopens more. It could go up or down based on Papa John’s financial reports. For now this is a food stock to watch during the virus situation.

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Top Food Stocks To Buy (Or Sell) In 2020: Chipotle

The second food stock to discuss is Chipotle Mexican Grill Inc. (CMG stock report). Chipotle is a fast food chain serving Mexican food. The company has thousands of locations and has seen rapid growth in the last 10 years. Chipotle is an example of a food stock that has actually grown during these dark economic times. It offers its food on delivery services such as DoorDash, and also allows for pickup. Recently the company opened its ordering app to Canada allowing for business to expand even more

Before the stock market crash caused by the coronavirus CMG stock price was around $927 a share. CMG Stock saw a large dip like most stocks did when the market crashed. Since then, CMG stock price has been rising. On June 17th it had reached $1041 a share. This is near the $1055 a share all time high CMG stock reached in May 2020. So CMG stock price is continuing to increase despite all going on in the world. This food stock has brought in many new investors now.

CMG stock is a winner when it comes to the race for recovery with food stocks. CMG stock price will continue to climb if the company sees more steady income from online ordering and pickup.

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What Now?

These two food stocks are perfect examples of how even in a volatile market, a stock can strive. Companies who have managed business correctly during this pandemic have seen great benefits financially. CMG stock and PZZA stock have the potential to continue to grow in the market if they keep up the good efforts. All of these factors contribute to CMG and PZZA being two food stocks to watch.

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.