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The 10 Fastest-Growing Fast Food Companies


Ahead of end-of-the-day earnings for some, a list of fast food makers currently cooking up healthy revenue.

Company competitors include the Cheesecake Factory (NASDAQ:CAKE), Darden Restaurants (NYSE:DRI) subsidiary Olive Garden, and Brinker International, Inc. (NYSE:EAT) subsidiary Chili's Grill and Bar, among others, according to Reuters.

In August, Granite City reported a 26.4% jump in revenue for the second quarter of 2012, despite still boasting the lowest market cap on this list at $17.2 million.

This follows a $6.5 million equity financing completed with the help of its controlling shareholder, Concept Development Partners, in June. The 3.1 million shares bought by Concept Development Partners helped convince a Nasdaq Hearing Panel to approve continued listing of Granite City a few days after.

Ignite Restaurant Group

Ignite Restaurant Group (NASDAQ:IRG) announced the completion of its IPO at $14 per share back in May 2012, raking in over $83 million in proceeds. Over the course of the month (June and into July), shares of Ignite would steadily increase to a high of nearly $20, before the stock took a 26% nosedive on July 19.

Collier explains that long before this public offering, Ignite's Joe's Crab Shack franchise had been owned by restaurant, hotel, aquarium, and amusement complex operator Landry's Restaurants (NYSE:LNY). Landry's sold off Joe's to private equity before it was launched under the Ignite brand name.

Ignite owns and operates 134 locations throughout 34 states, which include its Brick House Tavern+Tap locations. Its market cap has grown just over 18% during the past 12 months.

The company has recently found itself in the hot-seat after it retracted financial statement in July 2012, claiming non-cash accounting errors that reached back to the company's founding in 2006. This was promptly followed by an investigation launched by litigators at Bronstein, Gewirtz & Grossman, LLC on behalf of purchasers of the Ignite stock, the first of twenty investigations currently being undertaken to determine the grounds for a possible class action lawsuit.
Analyst quoted for this article may have positions in some of the stocks mentioned.
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