Top 5 Restaurant Stocks to Buy Now

Below we deliver the list of Top 5 Restaurant Stocks to Buy Now. For our methodology and a more comprehensive list please see Top 10 Restaurant Stocks to Buy Now. Note that all hedge fund data is based on the exclusive group of 800+ funds tracked by Insider Monkey as part of our market-beating investment strategy.

5. Darden Restaurants, Inc. (NYSE:DRI)

Darden Restaurants, Inc. (NYSE:DRI) ranks as the fifth best restaurant stock to buy now. 41 hedge funds were long DRI on September 30, a 64% surge since the middle of 2019. Andreas Halvorsen’s Viking Global and George Soros’ Soros Fund Management are among DRI’s largest hedge fund shareholders.

Darden operates several casual dining brands, including Olive Garden, LongHorn Steakhouse, The Capital Grille, and Bahama Breeze. Darden has managed to remain profitable in the current challenging environment, earning diluted EPS of $0.72 in its fiscal Q2 and the company appears poised for a strong 2021 in what is shaping up to be a reduced competitive environment in the casual dining space following the closure of over 100,000 restaurants in the U.S.