5 Buy-The-Dip Restaurant Stocks to Invest in Now

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

Number of Hedge Fund Holders: 45

YTD Share Price Decline as of July 22: 12.51%

Yum! Brands, Inc. (NYSE:YUM) is an American fast food corporation that operates under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands. On July 23, Barron’s said that Yum! Brands, Inc. (NYSE:YUM) looks particularly attractive in a macro environment that represents soft growth. The stock has declined 12.5% year to date. 

On July 21, Citi analyst Jon Tower reiterated a Buy rating and lowered the firm’s price target on the shares to $145 from $148. According to the analyst, Yum! Brands, Inc. (NYSE:YUM) shares exhibit “limited volatility” around earnings, who see an opportunity for the management to reaffirm higher confidence in the long-term.

Among the hedge funds tracked by Insider Monkey, 45 funds were bullish on Yum! Brands, Inc. (NYSE:YUM) at the conclusion of the first quarter of 2022, up from 36 funds in the prior quarter. Ken Griffin’s Citadel Investment Group is the largest position holder in the company, with 2.2 million shares worth $270 million.