In a new report, Citi Research Group’s Gregory Badishkanian put his taco analyst sombrero on to take a look at the world of Mexican restaurants. The Mexican restaurant segment has outperformed other restaurant segments in recent months, and Badishkanian discusses whether or not stocks have more room to run and which names are Citi’s top picks.

The Fiesta Continues

Despite the recent outperformance, Badishkanian believes that Mexican restaurants will continue to demonstrate positive trends in the future. Although there are growing concerns over minimum wage growth and increasing employee turnover, Citi believes that the underlying strength of the business will overcome any potential labor headwinds.

“We generally have a favorable outlook and would expect to see solid same-store sales performance from most concepts going forward,” Badishkanian explained.

The Top Burrito

Yum! Brands Inc. YUM 0.79%‘s Taco Bell chain continues to be…

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