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Friday, July 20, 2012

10 Most Popular Restaurant Stocks Among Hedge Funds

Yum! Brands logo
Yum! Brands logo (Photo credit: Wikipedia)
Restaurants are one of the few industries where an economic recovery is in full swing. The industry actually employs more workers than it did before the recession, over a time period when the U.S. as a whole has lost millions of jobs. The National Restaurant Association expects that industry revenues will be up 3.5% this year. If you are planning to invest in this industry, a good place to look for candidates is the list of stocks that are favored by hedge funds. According to Insider Monkey’s database of 13F filings, here are the 10 most popular restaurant stocks among hedge funds1. Yum Brands (NYSE:YUM): The second highest market cap restaurant stock was the top pick among hedge funds. Yum’s trifecta of quick service restaurant brands consists of KFC, Taco Bell, and Pizza Hut and the company operates a total of over 37,000 restaurants around the world, including a strong position in China. Columbus Circle Investors initiated a 1.6 million share position in the first quarter of 2012 (see some of Columbus Circle’s other stock picks). Up 10% this year, the stock trades at a trailing P/E of 20. ... Continue to read.
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