Ms. Regan: We are focusing very selectively. I don't think you can go in and buy a basket of these stocks, based on the recovery and this group being an earlier leading indicator.
TWST: How would you characterize the restaurant industry so far this year?
Ms. Regan: We are just starting to see stability. The year-over-year comparisons are finally just getting easier, given October. So there is hope. There is light at the end of the tunnel. So I would say that things are getting less worse. They are still facing some supply and demand overhang, but at the end of the day, we are probably at a trough in terms of margins, and earnings and multiples.
TWST: What makes you feel we've reached that point?
Ms. Regan: We are starting to see stability in the things that we track, mainly in terms of same-store sales.
Tickers included in this excerpt: BJRI, BKC, CMG, DRI, EAT, PFCB, PNRA
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