Utah Barbeque – Utah BBQ http://utahbbq.org/ Mon, 16 May 2022 14:58:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://utahbbq.org/wp-content/uploads/2021/04/cropped-ICON-32x32.png Utah Barbeque – Utah BBQ http://utahbbq.org/ 32 32 Lincoln Property Co. buys 140 acres for Phoenix’s next mega-project: Luke Field https://utahbbq.org/lincoln-property-co-buys-140-acres-for-phoenixs-next-mega-project-luke-field/ Sat, 14 May 2022 16:54:18 +0000 https://utahbbq.org/lincoln-property-co-buys-140-acres-for-phoenixs-next-mega-project-luke-field/

GLENDALE, Ariz., May 13, 2022 – LPC Desert West, the southwest branch of Dallas-based Lincoln Property Co., has completed the acquisition of a $53 million, 140-acre lot in Glendale, Ariz. , for its next mega industrial Phoenix metro project, Luke Domaine. The $515 million, 2.3 million square foot development is bordered by Litchfield Road, Northern Avenue, the new Northern Parkway and Luke Air Force Base. It is a few minutes from the 303 loop.

When completed, Luke Field will consist of three buildings totaling 1.26 million square feet, 604,000 square feet and 416,000 square feet. All buildings will feature the same high-end “industrial creative” amenities that LPC has become known for through other award-winning industrial projects, such as the nearby Park303.

Luke Field is named after the adjacent Luke Air Force Base, home to the 56th Fighter Wing, part of Air Education and Training Command, the largest fighter wing in the United States Air Force.

“We have a history of connecting to Luke Air Force Base, so the opportunity to purchase this land and develop it close to the base, in this powerful industrial submarket, is something we will really appreciate,” said David Krumwiede, senior executive vice president of Lincoln Property Company. , who along with LPC Vice President John Orsak have both served as Honorary Commanders of Luke’s 56th Fighter Wing.

“Our industrial projects go beyond quality and modern capacity. This project will be no different,” Orsak said. “We have countless global industrial users looking to establish major operations in the Loop 303 and Northern Parkway corridors. Luke Field is designed to attract these tenants and the economic and employment stability they represent for the Valley.

Features of Luke Field will include 40′ headroom, touchless technology throughout, 25′ high glass entrances, 3,000 amps of power (expandable), automated dock doors, steel bracing and generous 5′ x 10′ clerestory windows on all elevations, providing sky views and changing natural light. Indoor/outdoor facilities will include barbecue stations, a shaded outdoor food court and employee collaboration spaces. The project will provide ample secure parking for cars and trailers.

Luke Field is just off the Northern Parkway, a new 12.5-mile high-capacity road that allows employees and trucks to bypass traffic on Interstate 10. Northern Parkway also provides a direct and fast connection between loop 303 and loop 101/US 60/Grande Avenue. The combination provides strategic regional transportation links for logistics-centric users, including destinations such as the Port of Los Angeles and Long Beach to the west, and Nevada and other mountainous states to the north.

Businesses surrounding Luke Field include Walmart, Boeing, Microsoft, White Claw, XPO Logistics, UPS, REI, SubZero, Daimler-Benz, Red Bull, Ball Corporation, Aldi, and Williams Sonoma.

Construction on Luke Field is expected to begin in Q4 2022 and complete in Q1 2024. All three buildings will be constructed in a single phase. Butler Design Group is the architect of Luke Field. A general contractor has not yet been selected.

To discuss rental, investment or property management opportunities with Lincoln Property Company in the Desert West area, please call David Krumwiede or John Orsak at (602) 912-8888.

About Lincoln Property Company

Lincoln Property Company (LPC) is a full-service international real estate company offering real estate investment, development, design/build management, leasing and property management/receivership/asset management services. LPC has approximately 8,500 employees with an international footprint that includes offices in 45 cities across the United States and six cities in Europe and South America. Since 1965, LPC has developed over 128 million square feet of office, industrial and commercial projects recognized for their superior design, quality and locations. It currently has over 403 million square feet of commercial space under lease and/or management. Lincoln is also one of the nation’s largest apartment developers, having developed over 209,000 multi-family units and currently managing over 165,000 multi-family units.

LPC’s Desert West region is based in Phoenix and includes Arizona, Nevada, Utah and New Mexico. Since its inception in 2001, the regional office has developed nearly 15 million square feet, acquired over 6 million square feet, and managed nearly 19 million square feet of commercial space, including major developments and investments, award-winning and LEED-certified. Since 2019, the company has completed two of the most expensive office and industrial transactions in Metro Phoenix and launched the Union office campus in Mesa, new buildings at the Grand at Papago Park Center in Tempe and the Park303 logistics park in Glendale. , among other developments. . LPC Desert West is consistently ranked among Phoenix’s top commercial real estate companies for property development and management, winning back-to-back 2018, 2019, and 2020 NAIOP Arizona Owner/Developer of the Year awards and designation as Top Companies in the Arizona Republic to work for in Arizona. In 2020, the company embarked on a regional expansion plan, entering the Nevada and Utah markets with Class A industrial acquisitions. To learn more about Lincoln Property Company, please visit www.lpc.com or www.lpcdesertwest.com.

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https://www.lpcdesertwest.com/

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‘Rudy Gobert will hurt the kids in the stands by blocking Shaq’s shot’: Charles Barkley drops bombs and picks triple DPOY to beat Lakers legend 1v1 https://utahbbq.org/rudy-gobert-will-hurt-the-kids-in-the-stands-by-blocking-shaqs-shot-charles-barkley-drops-bombs-and-picks-triple-dpoy-to-beat-lakers-legend-1v1/ Tue, 10 May 2022 10:30:21 +0000 https://utahbbq.org/rudy-gobert-will-hurt-the-kids-in-the-stands-by-blocking-shaqs-shot-charles-barkley-drops-bombs-and-picks-triple-dpoy-to-beat-lakers-legend-1v1/

Charles Barkley Says Rudy Gobert Will Eat ‘Black Barbeque Chicken’ As He Picks Utah Jazz Star Over Countryman Shaq In A 1v1!

‘Rudy Gobert will hurt the kids in the stands by blocking Shaq’s shot’: Charles Barkley drops bombs and picks triple DPOY to beat Lakers legend 1v1

Charles Barkley and Shaquille O’Neal love to go against each other. On the field or in the newsroom, these two have a great habit of butting heads.

As always, this back and forth is a good joke. Today’s debacle concerned claims that Rudy Gobert could beat Shaq 1v1.

As expected, Chuck chose to back the triple DPOY over his close friend Shaq. The banter kicks off beautifully, Shaq says “I wonder what French BBQ chicken looks like!”.

Also read: “No more Chuck, call me Carlos!” : Charles Barkley does better than him holding Tyler Herro and NBA Twitter goes crazy

Charles Barkley says “Rudy is going to eat Black BBQ chicken!”

Shaq’s game plan is simple, he wants to bully Rudy into the paint. While according to Charles, Rudy will block all his shots. Curfew.

The internet reacted appropriately.

Shaq was just salty and you could tell!

We can all agree on this one NBA on TNT is funny and possibly the best show on TV.

Who do you think wins in a 1v1? The big diesel or the Stifel tower?

Also Read: ‘Charles Barkley, I’d Pick Popeye Jones Before I Pick You’: When Shaq Had to Be Restrained by Kevin Garnett After Hearing Chuck Pick Wilt Chamberlain Over Him

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Sale Lake County Sheriff’s Office Celebrates National Corrections Week with New Mission and Vision Statement https://utahbbq.org/sale-lake-county-sheriffs-office-celebrates-national-corrections-week-with-new-mission-and-vision-statement/ Fri, 06 May 2022 18:49:27 +0000 https://utahbbq.org/sale-lake-county-sheriffs-office-celebrates-national-corrections-week-with-new-mission-and-vision-statement/

SALT LAKE COUNTY, Utah (ABC4) – Last week, the Salt Lake County Sheriff’s Office of Corrections wrapped up National Corrections Week and kicked off National Nurses Week with a number of celebratory events, as well as the launch of a new mission statement and vision statement.

“May is a very exciting month with so many opportunities to recognize the amazing people in this organization,” Sheriff Rosie Rivera said. “This year we can also roll out our new mission and vision statement which embodies who we are as an agency and how we want to serve this community.”

The first week of May has been set aside to commemorate the incredible officers who work in corrections, beginning in 1984. During this week-long celebration, activities, contests and events are planned to honor all members sworn and civilians who serve the community within the law enforcement division.

Chief Matt Dumont said, “We look forward to Corrections Week every year. This is our chance to build team spirit while celebrating our employees who choose to do this hard work. »

This year, the week consisted of a 5k run, an “A Taste of Home” potluck event, a fresh market sale of the first garden crop of the year, a bus pull, a tournament ping-pong and a contest of eating hot wings and noodles. The week ended with the annual barbecue sponsored by Salt Lake County Honorary Colonels, where office members, families and county leaders stopped by to thank corrections staff and nurses for their service.

Deputy Chief Shanda Gonzalez said, “Corrections nurses are so important to our operations. We are thrilled to have the chance to celebrate them for two weeks and look forward to offering them a special thank you during Nurses Week.

The Salt Lake County Sheriff’s Office’s new mission statement reads:

“In partnership with the community, we will provide education, oversight and innovative programs to protect our community by enforcing the law with compassion, professionalism and integrity.”

While the organization’s new vision statement reads:

“To provide unwavering loyalty and unwavering professional service.”

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Mark Cuban’s $1 Million Bid for Korean Cupbop BBQ https://utahbbq.org/mark-cubans-1-million-bid-for-korean-cupbop-bbq/ Fri, 06 May 2022 13:08:17 +0000 https://utahbbq.org/mark-cubans-1-million-bid-for-korean-cupbop-bbq/

Jung Song and Dok Kwon, both Korean immigrants, say they live the American dream.

Their Provo, Utah-based Korean barbecue business, Cupbop, started out of a food truck in 2013. Today, it’s a restaurant with 36 locations in six U.S. states — and more than 100 locations in Indonesia — which recently brought in $18.7 million in revenue over a 12-month period, the duo said on Monday’s episode of ABC’s “Shark Tank.”

Ultimately, this growth landed the two business partners a $1 million investment deal with Mark Cuban, showing just how far Cupbop has come in nine years.

Song, the CEO of the company, originally purchased this first food truck and operated it with three other business partners. Kwon, a hedge fund investor who saw the truck become a staple in the community, joined the team in 2020 to help the company grow.

Cupbop’s business model is simple: it sells Korean barbecue bowls for $8 to $10. The company still operates food trucks, but the bright yellow and black vehicles are more for marketing than revenue. The pandemic’s takeout craze boosted Cupbop’s sales — before 2020, the company made less than $10 million a year, Song and Kwon said.

Song (left) says Kwon was his “first customer” at the Cupbop location in downtown Salt Lake City.

ABC/Christophe Willard

The duo asked the Sharks for $1 million in investment funds, in exchange for 3% of the company. They noted that they only owned 50% of Cupbop, which meant the amount of equity they could offer was limited. – but they wanted the help of a shark to become a national brand.

“So many investors [have come] for us, I [said] no for eight years,” Song said. ” I think that we [grow to] 2000 stores with you guys. I want to be Korea’s first national brand with the Sharks.”

The five Sharks jumped at the chance. First, Kevin O’Leary said he would take the 3% equity and give Cupbop a $1 million loan with 10% interest over three years. Barbara Corcoran followed up that offer with one of her own: $1 million for 30% of the business.

Then Robert Herjavec upped the ante, bidding $5 million for 28% of Cupbop. Herjavec said he felt particularly drawn to Kwon’s immigration story: Kwon’s parents sent him and his older brother to live with a family in Utah when they were children, so that they can look for opportunities in America.

“Like you guys, my dad gave up everything to come here,” said Herjavec, who was born in Croatia and moved to Canada when he was 8. “I had to succeed to justify this sacrifice – and you’re onto something here.”

Lori Greiner decided to join Corcoran, collectively offering a $1 million loan with 8% interest in exchange for 5% Cupbop. And then, during a break in the action, Mark Cuban – the only remaining shark – made a much simpler offer: $1 million for 7% of Cupbop.

“I love the company, I love the product,” Cuban said. “You have the operations in place, but you need someone to propel you in terms of marketing and PR and just to be able to have a national presence…I can deliver that better than anyone.”

Mark Cuban (left) offered $1 million for a 5% stake in Cupbop, telling Kwon (middle) and Song he could make the company “a national presence”.

ABC/Christophe Willard

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Why now is the best time to upgrade your outdoor space with shade from Platinum Awning – St George News https://utahbbq.org/why-now-is-the-best-time-to-upgrade-your-outdoor-space-with-shade-from-platinum-awning-st-george-news/ Thu, 05 May 2022 16:22:56 +0000 https://utahbbq.org/why-now-is-the-best-time-to-upgrade-your-outdoor-space-with-shade-from-platinum-awning-st-george-news/

Platinum Awning Garden Canopy Project, location and date not specified | Photo courtesy of Platinum Awning, St. George News

CONTRIBUTED CONTENT — Living in southern Utah, shade really is your best friend, especially during the summer. Awnings help local homeowners beat the scorching heat and enjoy their backyards more.

Platinum Awning Garden Canopy Project, location and date not specified | Photo courtesy of Platinum Awning, St. George News

Don’t settle for the good when your home deserves the best. Platinum Awning, based in St. George, is dedicated to quality products and service. Owner Casey Hales has over 25 years of experience in the construction industry and has installed patio covers all over the southwest corner of the state.

“Spring is the perfect time to set up your awning,” he said. ” Do not wait ; lift it before the heat starts.

The company can install an awning in days, but material shortages and delays mean customers have to wait longer than ever between booking and installation. Materials take a few weeks to a few months to arrive. Hales said he receives up to five calls for awnings each day and encourages homeowners to sign up to his list now to ensure their project is completed before temperatures soar.

Platinum Awning offers a variety of patio cover options, from louvered and traditional vinyl awnings to fixed aluminum and powder coated steel pergolas. Products are available in a range of colors to match the look of the yard and home. Awnings can be freestanding or attached to the house.

The company installs awnings anywhere customers want to shade and cool off, including backyards, barbecue decks and pool decks. Add lighting and a ceiling fan or misting system, and homeowners can enjoy their patio all day and all night.

Platinum Awning Garden Canopy Project, location and date not specified | Photo courtesy of Platinum Awning, St. George News

Hales said the gold standard for patio covers is Solara ShadeSelect, a line of louvered awnings that allow the homeowner to adjust the amount of light and heat that filters through. Using a manual crank or a motorized system, the awning can be easily adjusted depending on the time of day and weather conditions. Having the ability to keep the awning at least partially open reduces heat buildup underneath due to increased airflow without adding direct sunlight.

“Nobody else has that option,” he added. “I’m the only one who can install them here. »

Hales said his company’s ability to customize patio covers for each homeowner is another reason they stand out. Platinum Awning has been recognized by community voters as the The Best of Southern Utah in fencing and awning services in 2021 and 2020.

Solara products are assembled in Phoenix, where the manufacturer has reported 20 degrees lower temperatures under a Solara awning compared to an uncovered patio. When daytime highs hit triple digits, it can be the difference between being able to sit outside or stay home.

Platinum Awning Garden Canopy Project, location and date not specified | Photo courtesy of Platinum Awning, St. George News

Awnings also help homeowners save on their energy bills, Hales said. Without patio cover, the relentless midday sun runs air conditioners for overtime, especially in homes with west-facing backyards.

In addition to patio covers, Platinum Awning offers a modern range of fire and water features to enhance any outdoor living space.

Serving Washington, Iron and Kane counties since 2018, Hales and his team of experts are committed to providing excellent service with an eye for detail. He takes pride in the cleanliness of the site and respect for the property of the owner.

“I work side-by-side with the crews installing every day,” he said. “We make sure things are built well and built to last.”

For more information and to see a gallery of their latest projects, visit the Platinum Awning Website.

Written by ALEXA MORGAN for St. George News.

• SPONSORED CONTENT •

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Copyright St.George News, SaintGeorgeUtah.com LLC, 2022, all rights reserved.

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National Ability Center’s Barn Party fundraiser returns https://utahbbq.org/national-ability-centers-barn-party-fundraiser-returns/ Thu, 05 May 2022 12:00:00 +0000 https://utahbbq.org/national-ability-centers-barn-party-fundraiser-returns/

Tickets for the National Ability Center’s annual Barn Party are on sale now. The event, which raises funds for its equestrian programs, will include a dinner, live music, a mechanical bull, an auction and a children’s area.
Photo by Photo by Missy Gresen

The National Ability Center’s annual Barn Party fundraiser will return to its pre-COVID glory.

The event, which raises funds for the nonprofit’s equestrian programming and celebrates the staff, volunteers and successes of program participants, will be held from 4 to 8 p.m. on June 4. Registration is now open by visiting Discovernac.org, said Caitlin Bognaski, senior development and events manager.

“We held this event last year, but it was at reduced capacity. We are delighted to be back to pre-pandemic attendance figures,” she said. “We plan to host 550 people , and it will be exciting to have so many people back.”



The evening will include dinner, live music, a mechanical bull, auction, saloon and more, Bognaski said.

“It’s the same format as years past, and we’ll have kids’ activities like we did last year in our hub,” she said. “These activities will include a petting zoo, a photo booth and other child-friendly activities. Afterwards, live music, dinner and the live auction will take place in the barn.



One of the biggest draws of the holiday is the live auction, which includes a desert excursion with NAC Equine Resource Manager Jan Drake, a firefighter barbecue, where local firefighters will prepare barbecues at the winners, an NAC experience package and a trip to Coronado, according to Bognaski.

“I think we will have eight live auction lots in total,” she said.

The barn party will also include an online auction — a Pedego e-bike, according to Bognaski.

“We will also have opportunity drawings for various gift baskets,” she said. “And people who can’t attend the fundraiser can still sponsor a horse and rider or make a general equestrian donation.”

Donations can be made by visiting one.bidpal.net/barnparty2022/browse/donation.

All funds raised will benefit the NAC’s equestrian programming, including hippotherapy, equine-assisted learning and adaptive riding. It costs the NAC $205,000 a year to feed, house and care for the horses in the program, Bognaski said.

“We are the only PATH (Professional Association of Therapeutic Horsemanship International) certified program in the state of Utah,” she said. “And it’s amazing for us to be able to see the changes in people, whether they have a physical disability or a mental health issue, when they take part in these programs. For more than 30 years, the National Ability Center horseback riding program has helped countless people of all abilities and their families, and we are pleased to be able to offer it.

The National Ability Center has found it difficult to maintain equestrian programming during the coronavirus pandemic, Bognaski said.

“It was because we had to maintain a safe proximity between the participants and the instructors,” she said. “So it will be exciting to see the benefits again as the program expands as we emerge from COVID-19.”

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Utah’s Korean BBQ Hit Cupbop Makes National Appearance on Shark Tank https://utahbbq.org/utahs-korean-bbq-hit-cupbop-makes-national-appearance-on-shark-tank/ Tue, 03 May 2022 00:01:21 +0000 https://utahbbq.org/utahs-korean-bbq-hit-cupbop-makes-national-appearance-on-shark-tank/

SALT LAKE CITY (ABC4) — As K-pop, K-dramas and K-movies increasingly impact American culture, the owners of Korean barbecue restaurant ‘Cupbop’ say, “It’s it’s K-food time!

Cupbop will soon get some well-deserved attention nationwide by making an appearance on ABC’s Shark Tank.

Cupbop owners Dok Kwon and Jung Song call it “Korean BBQ in a cup,” and it’s making waves with locations in 6 different states and 20 locations in Utah alone.

The fast-paced restaurant has over 100 locations in Indonesia.

Owners not only cite their product as the reason for their success, but also a fun, crazy, and loud culture.

Song started Cupbop as a food truck in 2013 and firmly believed that Korean cuisine had all the ingredients it needed to please the world. He started the truck with “two friends, four entrees, and a variety of special spicy #1 sweet to #10 hot sauces.”

The Cupbop website states, “The most popular is #7.5 – Spicy Korean. Why the half number? Because Jung likes to be a player. He’ll give you a #6.35 too.

Kwon, a successful restaurateur and friend of Song, helped open the first storefront and get the ball rolling to make Cupbop an international hit.

When Cupbop started, the founders “had trouble explaining the menu because they didn’t speak much English”. The Cupbop site says they would rather say “SHHH… JUST EAT!” This is how the first slogan was born.

Kwon was also reportedly known to have danced in front of the Cupbop Truck at the start, before it was a smash hit, in an effort to attract more customers and spread joy – which matches their current values ​​as a “food artists”.

“We want Cupbop to be your connection with a fun, friendly food fix, every time,” they say.

Their first appearance on Shark Tank Monday at 8 p.m. on ABC.

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The search is underway for the Kearns Community Council stolen trailer full of event material https://utahbbq.org/the-search-is-underway-for-the-kearns-community-council-stolen-trailer-full-of-event-material/ Fri, 29 Apr 2022 00:11:02 +0000 https://utahbbq.org/the-search-is-underway-for-the-kearns-community-council-stolen-trailer-full-of-event-material/

KEARNS, Utah — Unified Police are searching for a stolen trailer filled with thousands of dollars worth of event supplies belonging to the Kearns Community Council.

“(The suspects) probably thought it was going to contain a large amount of valuables,” said UPD Kearns Precinct leader Levi Hughes.

“What they found – I’m sure – when they opened it was that the items were valuable to a community, but not for the profit they were trying to get,” added Hughes.

Kearns Community Trailer

The trailer was full of approximately $30,000 worth of tables, chairs, barbecues, audio equipment; everything the Kearns Community Council uses to organize its outdoor events.

Police are now looking for two men, who visited a warehouse between Sunday and Wednesday. According to police, they cut a tab lock and drove away with the trailer.

“It looked like they had a plan,” Hughes said. “The whole Kearns community is a victim, it’s Kearns taxpayers money paying for these things.”

The Kearns Community Council co-chairman said it took the group 10 years to accumulate everything in the trailer.

Among the items now missing are “100 chairs, four 8-foot tables, two 8-burner barbecues, two barbecue tanks, audio equipment, flags, awnings,” Roger Snow said.

Equipment is required for the June event

The Council is having an outdoor event in June for which they would need to use all this equipment.

“Quite honestly, I don’t know what we’re going to do,” Snow said.

If you have seen the trailer or the two men accused of driving an older model white Ford truck, you are asked to call 801-840-4000. And ask for Kearns police station.

“It appears to be a…long bed, extended cab truck – it’s towing a stolen white trailer,” Hughes said.

Surveillance photo of the trailer stolen from Kearns Community Council. Photo credit: Unified Police Department.

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Zacks Analyst Blog Highlights Dave & Buster’s Entertainment, BBQ, Arcos Dorados and Kura Sushi USA https://utahbbq.org/zacks-analyst-blog-highlights-dave-busters-entertainment-bbq-arcos-dorados-and-kura-sushi-usa/ Fri, 22 Apr 2022 11:34:00 +0000 https://utahbbq.org/zacks-analyst-blog-highlights-dave-busters-entertainment-bbq-arcos-dorados-and-kura-sushi-usa/

For immediate release

Chicago, IL – April 22, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: Dave & Buster’s Entertainment, Inc. PLAY, BBQ Holdings, Inc. BBQ, Arcos Dorados Holdings Inc. ARCO, and Kura Sushi USA, Inc. KRUS.

Here are highlights from Thursday’s analyst blog:

4 restaurant stocks to buy if sales and hiring increase

Americans are worried about rising prices, but that hasn’t stopped them from spending. In fact, people have started to spend aggressively on services, helping retailers. It saw American restaurants, which had been hit hard at the height of the pandemic, finally get back to normal.

The latest data from the Commerce Department shows sales at bars and restaurants rose in March despite people feeling the pinch in their pockets. This is certainly a good sign given that the restaurant industry has suffered greatly over the past couple of years. So actions like Dave & Buster’s Entertainment, Inc., BBQ Holdings, Inc., Arcos Dorados Holdings Inc. and Kura Sushi USA, Inc. are likely to benefit from it in the short term.

Increase in restaurant sales

The Commerce Department said April 14 that restaurant sales rose 1% in March. The report is part of overall retail sales which rose 0.5% month over month in March.

Rising costs are worrying people and they are spending cautiously. However, that hasn’t stopped them from spending on services like restaurants. That’s certainly a good sign, given that the restaurant industry has had an unimpressive run since the pandemic began.

People have reduced their spending on services during the pandemic, opting instead to spend more on goods. Due to the COVID-induced lockdown, they didn’t have much option in terms of spending on services.

However, things finally seem to be changing as more and more people are now confident to get out of their homes and indulge in some outdoor entertainment. Indeed, COVID-related restrictions continue to be relaxed.

Industry on track for steady growth

The restaurant industry appears to be on track for a rapid recovery, although rising costs remain a major challenge. A separate report from Mastercard SpendingPulse shows restaurant and bar sales in the United States rose 19.1% in March on a year-on-year basis.

According to the National Restaurant Association, restaurant sales in 2022 will be significantly higher than in 2021. Restaurant sales are estimated to reach $898 billion in 2022, returning to pre-pandemic levels.

The surge in sales has also seen restaurants go on a hiring spree. Hiring in the United States is already at an all-time high, with 431,000 jobs added in March. Restaurants and bars led the race with 61,000 job creations.

Additionally, the restaurant industry is expected to add 400,000 jobs to its current 14.9 million employees by 2022. Things look much better than a year ago, and if things continue to pick up improve, the catering industry will only continue to grow.

This means that people’s willingness to dine out has also given restaurants much-needed encouragement to hire more workers.

Our choices

Dave & Buster’s Entertainment, Inc. is one of North America’s leading owners and operators of high-volume venues that combine dining and entertainment for adults and families. The core concept of the PLAY channel is “Eat Drink Play and Watch”, all in one place. As part of the Eat concept, Dave & Buster’s Entertainment offers a wide variety of entrees, burgers, prime steaks and health conscious foods.

Dave & Buster’s Entertainment’s forecast earnings growth rate for the current year is 49.3%. The Zacks consensus estimate for current-year earnings has improved 22.2% over the past 60 days. PLAY sports a #1 Zacks rank.

BBQ Holdings, Inc. operates and franchises barbecue restaurants and blues clubs. BBQ currently has locations and franchises in Minnesota, Wisconsin, Illinois, Iowa, Nebraska, Utah, Maryland and Virginia and has signed development agreements for additional franchise locations. The menu at BBQ Holdings features award-winning grilled and grilled meats, an extensive selection of unique salads, sides, sandwiches and desserts.

BBQ Holdings’ forecast earnings growth rate for the current year is 66.2%. The Zacks consensus estimate for current-year earnings has improved 25.5% over the past 60 days. BBQ sports a No. 1 Zacks rank.

Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s, with its operations spread across Brazil; North Latin America division; South Latin America and Caribbean Division. ARCO also operates quick service restaurants in Latin America and the Caribbean.

Arcos Dorados’ expected profit growth rate for the current year is 66.7%. The Zacks consensus estimate for current-year earnings has improved 17.6% over the past 60 days. ARCO has a #2 Zacks rank.

Kura Sushi USA, Inc. operates as a restaurant. KRUS offers nigiri, wraps, hand rolls, gunkan and desserts. Kura Sushi is based in Irvine, California.

Kura Sushi USA’s expected profit growth rate for the current year is 81.9%. KRUS shares have gained 22.5% over the past three months. Kura Sushi USA has a #2 Zacks rank.

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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. To visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.

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Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report

Dave & Buster’s Entertainment, Inc. (PLAY): Free Stock Analysis Report

Kura Sushi USA, Inc. (KRUS): Free Stock Analysis Report

BBQ Holdings, Inc. (BBQ): Free Stock Analysis Report

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4 restaurant stocks to buy if sales and hiring increase https://utahbbq.org/4-restaurant-stocks-to-buy-if-sales-and-hiring-increase/ Thu, 21 Apr 2022 12:10:00 +0000 https://utahbbq.org/4-restaurant-stocks-to-buy-if-sales-and-hiring-increase/

AAmericans are worried about rising prices, but that hasn’t stopped them from spending. In fact, people have started to spend aggressively on services, helping retailers. It saw American restaurants, which had been hit hard at the height of the pandemic, finally get back to normal.

The latest data from the Commerce Department shows sales at bars and restaurants rose in March despite people feeling the pinch in their pockets. This is certainly a good sign given that the restaurant industry has suffered greatly over the past couple of years. So actions like Dave & Buster’s Entertainment, Inc. CHEEK, BBQ Holdings, Inc. A BARBECUE, Arcos Dorados Holdings Inc. ARCO and Kura Sushi USA, Inc. KRUS should benefit from this in the short term.

Increase in restaurant sales

The Commerce Department said April 14 that restaurant sales rose 1% in March. The report is part of overall retail sales which rose 0.5% month over month in March.

Rising costs are worrying people and they are spending cautiously. However, that hasn’t stopped them from spending on services like restaurants. That’s certainly a good sign, given that the restaurant industry has had an unimpressive run since the pandemic began.

People have reduced their spending on services during the pandemic, opting instead to spend more on goods. Due to the COVID-induced lockdown, they didn’t have much option in terms of spending on services.

However, things finally seem to be changing as more and more people are now confident to get out of their homes and indulge in some outdoor entertainment. Indeed, COVID-related restrictions continue to be relaxed.

Industry on track for steady growth

The restaurant industry appears to be on track for a rapid recovery, although rising costs remain a major challenge. A separate report from Mastercard SpendingPulse shows restaurant and bar sales in the United States rose 19.1% in March on a year-over-year basis.

According to the National Restaurant Association, restaurant sales in 2022 will be significantly higher than in 2021. Restaurant sales are estimated to reach $898 billion in 2022, returning to pre-pandemic levels.

The surge in sales has also seen restaurants go on a hiring spree. Hiring in the United States is already at an all-time high, with 431,000 jobs added in March. Restaurants and bars led the race with 61,000 job creations.

Additionally, the restaurant industry is expected to add 400,000 jobs to its current 14.9 million employees by 2022. Things look much better than they did a year ago, and if things continue to improve, the restaurant industry will only continue to grow.

This means that people’s willingness to dine out has also given restaurants much-needed encouragement to hire more workers.

Our choices

Dave & Buster’s Entertainment, Inc. is one of North America’s leading owners and operators of high-volume venues that combine dining and entertainment for adults and families. The core concept of the PLAY channel is “Eat Drink Play and Watch”, all in one place. As part of the Eat concept, Dave & Buster’s Entertainment offers a wide variety of entrees, burgers, prime steaks and health conscious foods.

Dave & Buster’s Entertainment’s forecast earnings growth rate for the current year is 49.3%. The Zacks consensus estimate for current-year earnings has improved 22.2% over the past 60 days. PLAY sports a #1 Zacks rank.

BBQ Holdings, Inc. operates and franchises barbecue restaurants and blues clubs. BBQ currently has locations and franchises in Minnesota, Wisconsin, Illinois, Iowa, Nebraska, Utah, Maryland and Virginia and has signed development agreements for additional franchise locations. The menu at BBQ Holdings features award-winning grilled and grilled meats, an extensive selection of unique salads, sides, sandwiches and desserts.

BBQ Holdings’ forecast earnings growth rate for the current year is 66.2%. The Zacks consensus estimate for current-year earnings has improved 25.5% over the past 60 days. BBQ sports a No. 1 Zacks rank.

Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s, with its operations spread across Brazil; North Latin America division; South Latin America and Caribbean Division. ARCO also operates quick service restaurants in Latin America and the Caribbean.

Arcos Dorados’ expected profit growth rate for the current year is 66.7%. The Zacks consensus estimate for current-year earnings has improved 17.6% over the past 60 days. ARCO has a #2 Zacks rank.

Kura Sushi USA, Inc. operates as a restaurant. KRUS offers nigiri, wraps, hand rolls, gunkan and desserts. Kura Sushi is based in Irvine, California.

Kura Sushi USA’s expected profit growth rate for the current year is 81.9%. KRUS shares have gained 22.5% over the past three months. Kura Sushi USA has a #2 Zacks rank.

5 shares ready to double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations climbed +143.0%, +175.9%, +498 .3% and +673.0%.

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Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report

Dave & Buster’s Entertainment, Inc. (PLAY): Free Stock Analysis Report

Kura Sushi USA, Inc. (KRUS): Free Stock Analysis Report

BBQ Holdings, Inc. (BBQ): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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