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Rising food prices due to supply chain disruptions could also raise pricing concerns. Federal Reserve chair Jerome Powell said that global supply chain issues could remain through 2022. However, the increasing number of people visiting restaurants and pent-up demand should help burger chain companies generate rising revenues ahead of the holiday season.
So, we think it could be wise to scoop up the shares of burger chain stock McDonald’s Corporation (NYSE:MCD) because of its solid financials. However, Shake Shack Inc . (NYSE:SHAK) and Jack in the Box Inc. (JACK) do not appear to be well-positioned to capitalize on the industry’s growth. Because their near-term prospects look bleak, it could be wise to avoid these stocks.
