Food and Beverage
Restaurant Winners: Burger King
A string of better-than-expected economic reports released Thursday morning -- including reports on jobless claims, pending home sales and manufacturing -- helped push consumer stocks like restaurants higher as well, Stifel Nicolaus analyst Steve West told TheStreet.
There have already been a number of restaurant take-privates in recent months. Notable among them: Mexican restaurant operator Rubio's was taken private by Mill Road Capital earlier this year for $8.70 per share. In July an affiliate of Apollo Management took CKE Restaurants private for $694 million. CKE operates the Hardee's and Carl's Jr. fast-food chains. -- Written by Miriam Marcus Reimer in New York. >To contact the writer of this article, click here: Miriam Reimer. >To follow the writer on Twitter, go to http://twitter.com/miriamsmarket. >To submit a news tip, send an email to: tips@thestreet.com.RELATED STORIES:
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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