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12 Restaurant Stocks at 52-Week Highs


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McDonald's (MCD - Get Report)

52-Week High Reached Tuesday: $80.94

McDonald's shares not only reached a fresh 52-week high Tuesday but pushed up to a new record high as investors anticipate a strong report on November sales.

>> McDonald's Reaches All-Time High

McDonald's is due to report its November monthly sales figures on Wednesday. Analysts' consensus is for the Golden Arches to report global comparable same-store sales growth -- or sales at stores open at least one year, a closely watched metric in the restaurant industry -- of 5.6%. The consensus for U.S. comps growth at McDonald's in November is 5.1%.

Deutsche Bank analyst Jason West expects McDonald's to report global comps growth of 5.3% and U.S. comps growth of 5% for November, compared with a 0.6% decline in the year-earlier month.

"According to our model, this will be MCD's easiest compare since April '03," he noted.

"We look for U.S. momentum to continue in November as comparisons ease slightly vs. October and helped by national McRib limited-time offering and softening competitive environment," he noted.

In Europe, West expected McDonald's to report 3.5% comps growth for November, below the consensus for same-store sales growth of 4.9%. In Asia/Pacific, Middle East and Africa he expects to see growth of 6%.

In October, McDonald's grew global comps by 6.5% . By region, October comps grew 5.6% in the U.S., 5.8% in Europe and 5.3% in Asia/Pacific, Middle East and Africa.

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