5 Best Ice Cream Stocks To Buy Now

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In this article, we discuss 5 best ice cream stocks to buy now. If you want to read about some more ice cream stocks, go directly to 10 Best Ice Cream Stocks To Buy Now.

5. Brinker International, Inc. (NYSE:EAT)

Number of Hedge Fund Holders: 23 

Brinker International, Inc. (NYSE:EAT) engages in the ownership, development, operation, and franchising of casual dining restaurants. It is one of the premier ice cream stocks to invest in. Brinker International, Inc. (NYSE:EAT) recently reported comparable sales growth of 3.1% in FQ4, consisting of a 0.3% gain for the Chili’s chain and a 30.1% jump for the Maggiano’s chain. Operating income as a percentage of total revenues plunged to 4.4% from 10.0% a year ago. The decrease was primarily due to higher commodity costs, restaurant expenses, the impact of the additional operating week in fiscal 2021, and increased restaurant labor costs. 

On August 25, RBC Capital analyst Christopher Carril kept a Sector Perform rating on Brinker International, Inc. (NYSE:EAT) stock and raised the price target to $29 from $26, denoting that the company’s Q4 results missed expectations but the tone from new CEO Kevin Hochman implied the urgency with which Brinker International, Inc. (NYSE:EAT) is focusing its efforts on improvement in revenue and margins both near and long term.

Among the hedge funds being tracked by Insider Monkey, Atlanta-based firm GMT Capital is a leading shareholder in Brinker International, Inc. (NYSE:EAT), with 2.1 million shares worth more than $46.7 million. 

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