Anticipations of an economic contraction amid macroeconomic headwinds and regional banking failures have hampered investor sentiments. Restaurant stocks, which tend to be great defensive pick-ups during downturns, could be considered now. Against this backdrop, let us look at some restaurant stocks, Nathan's Famous, Inc. (NATH) and Rave Restaurant Group, Inc. (RAVE) now.
Coupled with the macroeconomic headwinds, the recent financial system tumult had an impact on the whole economy to some extent. Consequently, heightened recessionary fears have dashed investor optimism. The restaurant industry is not out of its ambit.
