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Restaurant Tech Stocks?

  • Investors see a lot to like about restaurant stocks as indicated by a steady climb in public market valuations according to data from Hedgeye. 
  • While this maybe partially attributable to a steady stream of private equity buyouts over the last couple of years with valuations as high as 19x, certainly public stock investors don't believe that all remaining stocks will receive such rich bids?
  • Another explanation is that investors are focused on growth in digital & off-premise with the belief that leading-edge restaurant stocks are the new FANGs worthy of tech stock valuations... 

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