Wedbush Securities Says Krispy Kreme Is a Stock to Watch in 2015

Wedbush Securities Restaurant Analyst Nick Setyan says the drop in fuel prices over the past few months is having a profound effect on the restaurant industry as consumers take that extra cash in their pockets and go out to eat. Setyan, speaking to TheStreet TV at the ICR XChange conference in Orlando says, ‘I’m not seeing any restaurant that’s not benefiting.’ Setyan says the biggest beneficiary appears to be Denny’s which announced on Monday that it saw same-store sales increase nearly five percent in its fourth quarter. Setyan says business-wise Chipotle will continue to be the envy of everyone in the dining space. But, he says his top stock pick for 2015 is Krispy Kreme (KKD). Setyan says Krispy Kreme has paid off debt, closed under-performing stores and hired an all-star management team. TheStreet’s Ruben Ramirez has details from Orlando.