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Piper Jaffray names restaurant sector favorites

  • Piper Jaffray reminds that the restaurant sector is due to lap quarters that included the Olympics and U.S. election last year. The two major events disrupted restaurant traffic a year ago as TV viewing popped.
  • Piper's favorite sector plays are (1) Chipotle (NYSE:CMG) for its ongoing recovery efforts; (2) Darden Restaurants (NYSE:DRI) due its back-to-basics operational approach that it sees driving above peer momentum within the casual dining space; (3) Habit Restaurants (NASDAQ:HABT) for the brand's everyday value positioning and unit growth profile and (4) Dave & Buster's Entertainment (NASDAQ:PLAY) for the company's differentiated entertainment offering, steady unit growth profile, and growing cash flow.
  • Related ETF: MENU.

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