Food and Beverage
3 Restaurant Stocks to Buy Now
Hedge fund 3G will pay $24 in cash for each share of Burger King, a 45.9% premium to the Whopper-and-fries chain's closing price on Tuesday, before rumors of the buyout began circulating on Wall Street.
Restaurant stocks soared on Thursday, with Burger King clearly outpacing the sector. >> Restaurant Winners: Burger King DineEquity(DIN), operator of IHOP and Applebee's restaurants, closed up by 11.1% while Brinker added 9.1%. Biglari Holdings(BH), a holding company that recently more than doubled quarterly profits thanks to a stronger performance at its Steak n Shake restaurants and to its acquisition of Western Sizzlin, jumped 7.1%. -- 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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