As a privately owned company, investors can’t buy stock in Chick-Fil-A.
But Daniel Biolsi’s “Best Idea” Long, Lancaster Colony (LANC) provides a way to capitalize on the popularity of the restaurant’s sauces.
“The fastest-growing part of their business is they make the sauces for nearly half of Howard Penney’s quick-service restaurant companies, most important being Chick-Fil-A,” Hedgeye’s Consumables analyst explains in this clip from The Call @ Hedgeye.
“This quarter, they’re launching both Subway sandwich sauces and Texas Roadhouse. This is a growing thing, the branding of restaurants taking it to the food-at-home channel.”
“The asymmetry to having LANC in your portfolio alongside names like Nvidia, Amazon and Meta,” adds Keith McCullough. “That’s why we do this. That’s how we do this.”
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