Canaccord Genuity provided a cautious forecast on the restaurant industry. Analysts Lynne Collier and Philip May are concerned with ongoing labor costs and top-line issues.However, the brokerage believes there are select opportunities within the restaurant industry where multiples have contracted. The lead analyst listed four key factors for preferring the shares within the industry.The first is a favorable forecast on SSS and the possibility of gaining market share. The second factor is the focus on attracting millennials, emphasizing fresh food offerings, technology advancements and high-quality service. The third factor is relative valuations with reasonable history, and the fourth one related to return of cash to shareholders through share buyback program and dividends, possible with strong free cash flow.Full story