Hedge Fund Managers Love These Restaurant Stocks

Insider Monkey keeps its eyes on hedge fund managers as they’re the smartest investors around. They take into account risk as well as potential returns when making decisions. They evaluate the intrinsic value of stocks with state of the art models and strategies. They utilize massive amounts of data to follow and forecast the trends. Thus we believe individuals are more likely to beat the market by imitating insiders and hedge funds than trading against them. Insider Monkey tracks nearly 350 hedge funds. We present a list of top 8 restaurant stocks that hedge funds were holding in their portfolios at the end of Quarter 2 2011.

RENAISSANCE TECHNOLOGIES

Here’s a brief rundown of the top 8 stocks:

McDonald’s Corporation (MCD): Ranks as the most popular restaurant stock among the hedge funds we follow – MCD is also one of the sky walkers this year. The stock has returned 18% year to date and was owned by 34 hedge funds at the end of second quarter. Jim Simons’ Renaissance Technologies, which was the largest owner of MCD, increased its holding by 35% and had about 2.46 million shares (see billionaire Jim Simons’ favorite stocks).
Starbucks Corporation (SBUX): Strongly performed in Q2, SBUX was in the portfolios of 31 hedge funds and has returned 19% year to date. Glenn Russell Dubin’s Highbridge Capital Management held more shares than others. By the end of June, the firm had increased the position by 23% and possessed 3.25 million shares.
Yum! Brands, Inc. (YUM): Thirty hedge funds had YUM in their portfolios in the second quarter. The stock gained 9% year-to-date despite a sharp decline in July. Among the hedge funds we track, the biggest owner was Mason Hawkins’ Southeastern Asset Management with 26.28 million shares.
Chipotle Mexican Grill, Inc. (CMG): CMG is the best performed stock here, which has soared 46% since January. Twenty one hedge funds initiated CMG positions in Q2 and the biggest owner was Jim Simons’ Renaissance Technologies. The firm had 608 thousand shares, up 35% from first quarter.
Arcos Dorados Holdings Inc. (ARCO): ARCO was in the portfolios of 18 hedge funds. The stock has risen 26.30% since its IPO on April 14th. Glenn Russell Dubin’s Highbridge Capital Management owns the most shares among the hedge funds we follow, with nearly 19.5 million.
Darden Restaurants, Inc. (DRI): DRI has fluctuated for months and now it shows a slightly positive result of 1.6%. Thirteen hedge funds had DRI in their portfolio at the end of second quarter. Patrick McCormack’s Tiger Consumer Management decreased their position by 28% to 724 thousand shares, but still ranked as the biggest hedge fund owner.
Panera Bread Company (PNRA): PNRA had reached a really high price level in Q2, but it recognizes 10% year to date return due to later economic events. Thirteen hedge funds held the stock and Jim Simons’ Renaissance Technologies carried the most. The firm increased its holding by 9% and had 701 thousand shares at the end of June.
Tim Hortons Inc. (THI): THI has returned 14% year to date. In the second quarter, the stock was owned by 11 hedge funds with a comparatively smaller volume than the other stocks in this list. D. E. Shaw had the most with 197 thousand shares, unchanged since Q1 (see David Shaw’s favorite stocks).

Compared with SPY’s 6.10% YTD loss, these eight restaurant stocks all show positive results, and some even skyrocketed. As a group, the average return is 17.9%, which clearly beats the S&P 500 index.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!