We hosted a restaurant Black Book idea call earlier today. We presented the vetting of two investment ideas Krispy Kreme and First Watch Restaurant Group. Krispy Kreme is on our position monitor as a Long. First Watch Restaurant Group is currently not on our position monitor.
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CLICK HERE to watch the replay of the call |
The Black Book covered the long thesis for Krispy Kreme (DNUT):
- Strong Organic growth
- Controlling distribution and margin potential
- Strong brand; inexpensive treat
We also vetted a potential new idea FWRG which we believe can possibly be one of the better small-cap growth stories in the restaurant space:
- Strong new unit economics
- Right dayparts for the times
- Significant future growth
