Fast-food restaurants were able to extend their digital ordering channels thanks to pandemic-related regulations. Food delivery in the United States is expected to rise by 8% by 2020, making it a $150 billion global business. The focus of the industry changed away from restaurants and toward online delivery via digital channels. In 2021, the fast-food business in the United States will be worth $278.6 billion, up 8.9% from 2020. Drive-thrus, self-ordering, internet orders, and a change to wider vegan options contribute to the company’s success.
Insider Monkey analyzes the list of the best fast-food stocks to buy now. The company’s revenue for the quarter increased by 11.9 percent to $1.5 billion, up from $1.4 billion the previous quarter. Restaurant Brands International Inc. was owned by 22 hedge funds tracked by Insider Monkey as of Q2. Wingstop Inc.’s shareholder, Fundsmith LLP, owns shares worth $88.4 million. Jack in the Box Inc. declared a $0.44 per share quarterly dividend, yielding 1.7 percent. The company recorded revenue of $269.5 million in the second quarter, up 11.2 percent year over year. The Wendy’s Business had strong hedge fund sentiment in Q2 2021, with 30 hedge funds reporting interests in the company in the Insider Monkey database. These interests are worth more than $1.07 billion in total. In Q2, Starboard Value LP was Papa John’s International, Inc.’s shareholder. Globally, the corporation recorded a 21.2 percent increase in comparable sales. The company’s board of directors boosted the quarterly dividend by 56 percent to $0.35 per share on August 5. For more details, click 10 Best Fast-Food Stocks To Buy Now.