Bank of America says that some restaurant names that cater to high-income consumers may outperform their peers. “So just as [Global Financial Crisis] Proving that not all limited-service restaurants were equally equipped to weather the storm, we think the same is true now,” analyst Sarah Senator wrote in a note to customers Friday. One of the differences is inflation, which has hit low-income consumers especially hard. Restaurant food consumption rises as income rises and many high-income households can fall back on savings accumulated during the pandemic, here. Even rising gas prices could put a damper on discretionary spending, the senator said. “If these divergences persist, the very high-ticket concepts that struggled in the past may prove more resilient this time around.” “Companies that have high-income customer bases and for whom a return to normal patterns of work and spending are most beneficial are best positioned.” Restaurant spending declined in the early days of the pandemic because Consumers sheltered at home Markets have resumed as economies reopen, but with ongoing pressures as c And facing. rises and inflation hits the pockets of the public. Here are some names that are best positioned to weather the volatility: According to Bank of America, Starbucks is one of the best names. Shares of the coffee retailer are down about 35% this year, but could gain 39% from Thursday’s close given Bank of America’s $110 price target. Restaurant chain Chipotle Mexican Grill also took the cut, while shares are down about 25% this year. Last month, Bank of America named Chipotle on its list of stablecoins to weather the unpredictable market. A May screen from CNBC Pro indicated that the restaurant chain was among some of the cheapest stocks in the S&P 500 and a potential buying opportunity. Bank of America also included First Watch in its picks for profit when the recession hit.