5 Cheap Restaurant Stocks to Buy Now

2. Brinker International, Inc. (NYSE:EAT)

Number of Hedge Fund Investors in Q1 2023: 24

Trailing P/E Ratio: 22

Brinker International, Inc. (NYSE:EAT) is a global restaurant company. The firm’s third quarter of fiscal year 2023 results saw it post 10.5% in annual revenue growth, marking the seventh consecutive quarter of growth. The shares however teeter towards a Hold rating but are rated Buy on average.

After digging through 943 hedge fund portfolios for this year’s March quarter, Insider Monkey discovered that 24 had bought stakes in the firm. Brinker International, Inc. (NYSE:EAT)’s biggest shareholder out of these is Brandon Haley’s Holocene Advisors through a stake worth $70.5 million.

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