5 Best Restaurant Stocks To Buy Today

In this article, we will take a look at the 5 best restaurant stocks to buy today. If you want to see some more of the stocks, go to 11 Best Restaurant Stocks To Buy Today.

5. Domino’s Pizza, Inc. (NYSE:DPZ)

Number of Hedge Fund Holders: 32

Domino’s Pizza, Inc. (NYSE:DPZ) is an Ann Arbor, Michigan-based operator of a chain of pizza restaurants.

Experts believe that Domino’s Pizza, Inc. (NYSE:DPZ) is facing tough comparables as pizza consumption increased significantly during the COVID-19 pandemic through takeaway and home delivery services and the growth figures for the company aren’t as strong as they were during the pandemic. However, there is an overall belief that the outlook of the pizza category is still strong given its staple nature in the life of American consumers, and the near-term concerns are blown out of proportion. Domino’s Pizza, Inc. (NYSE:DPZ) offers a dividend yield of 1.32% as of October 31.

Domino’s Pizza, Inc. (NYSE:DPZ) is considered one of the best restaurant stocks as the company’s historical 3-year return on invested capital (excluding goodwill) is 186.4%, while its estimated cost of capital is 7.8% as of Q3 2022. On October 14, Andrew Strelzik at BMO Capital gave Domino’s Pizza, Inc. (NYSE:DPZ) stock an Overweight rating with a target price of $400. The analyst appreciated the company’s better-than-expected same-store sales in the Q3 2022 results.