Restaurant Stocks Shoot Higher

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 |  Includes: APO, BH, BJRI, BKC, BOBE, BWLD, CAKE, CBRL, CPKI, DENN, DPZ, DRI, EAT, JACK, KKD, LNY, MCD, PFCB, PLKI, PNRA, PZZA, RRGB, RTBC, SBUX, SONC, TXRH, WEN, YUM
by: Bespoke Investment Group

Below is a list of the 30 biggest restaurant stocks in the Russell 3,000 run through our trading range screen. The rally in McDonald's (NYSE:MCD) has received a lot of attention recently because it is the biggest of the bunch, but the entire group has been doing very well. As shown below, only 2 of the 30 names listed are currently trading below their 50-day moving averages (Sonic and Red Robin), while 23 are trading in overbought territory. Well-known names like Buffalo Wild Wings (NASDAQ:BWLD), Chipotle (NYSE:CMG), Brinker (NYSE:EAT), PF Changs (NASDAQ:PFCB), Panera (NASDAQ:PNRA), and Yum! Brands (NYSE:YUM) are all trading more than 2 standard deviations above their 50-days. While the S&P 500 is still down for the year, the average stock in this group is up 24.25% in 2010. Chipotle (CMG) is up the most at 88.97%, followed by Domino's Pizza (NYSE:DPZ) and DineEquity (NYSE:DIN). Sonic (NASDAQ:SONC) is down the most at -22%.

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