BOSTON, December 07, 2023--Full-Service Restaurants: The Busiest Hours, Reservation Insights, and Popular Proteins by State
It's a great time to buy top stocks at low prices before they start soaring, but it's important to know the difference between undervalued stocks and stocks that are cheap because pessimism is appropriate. With that in mind, I'm going to recommend an undervalued stock to buy and a cheap stock to avoid, both in the food industry. A few stocks from 2021 caught investor attention quickly, but you can be forgiven for not noticing some of stocks with great potential that faded next to the hype of others.
When it comes to all-out growth, restaurant industry "tech operating system" Toast (NYSE: TOST) has continued to deliver since its 2021 IPO. If the progress continues into 2024, perhaps Toast is a wonderful long-term value. Toast recently reported its third-quarter 2023 earnings, and investors were pleased with further strong growth in revenue (up 37% year over year to $1.03 billion) and annualized recurring revenue (or ARR) up 40% to $1.22 billion.