5 Best Fast Food Stocks to Buy Now

3. Yum! Brands, Inc. (NYSE:YUM)

Number of Hedge Fund Holders: 40     

Yum! Brands, Inc. (NYSE:YUM) develops, operates, and franchises quick service restaurants worldwide. It is one of the premier fast food stocks to invest in. On October 18, Pizza Hut, a chain of Yum Brands, revealed that it is launching a new menu category, Pizza Hut Melts. Pizza Hut Melts will be priced $6.99 at participating restaurants. On September 21, Taco Bell, a chain of Yum Brands, disclosed its partnership plan with Beyond Meat to launch Beyond Carne Asada Steak product. 

On October 19, Cowen analyst Andrew Charles maintained an Outperform rating on Yum! Brands, Inc. (NYSE:YUM) stock and lowered the price target to $130 from $143, highlighting that the company was expecting a strong Q3 exit to sustain in Q4.