Surprisingly, This Restaurant Stock Is Now a "Buy and Hold"
August 29, 2019 at 12:26 PM EDT
Today's American consumers are changing. No longer are they satisfied to go out to dinner after a long week of work. Nor are younger Americans cooking at home with the same vigor of previous generations. In their place has been an alarming trend: the rise of digital ordering and home-delivery. Industry reports show that delivery accounts for 5% to 10% of all orders. In fact, the NPD Group said that digital restaurant orders have increased by a clip of 23% each year since 2013. By 2020, they expect that volumes will have tripled during that period. Smartphone and mobile app orders are expected to become a $38 billion industry, and account for 11% of all quick service restaurant sales by next year, according to Business Insider Intelligence. In this report, we dive into the best restaurant stock to buy today... Tags: Stocks to Buy To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Surprisingly, This Restaurant Stock Is Now a "Buy and Hold" appeared first on Money Morning - We Make Investing Profitable .