Popeyes down under? Collins Foods’ (ASX:CKF) KFC may have a new competitor

Collins Foods Ltd (ASX: CKF) is not as much of a household name as the KFC (Kentucky Fried Chicken) restaurants that it runs. Collins Food has the license to own and operate KFC stores in Australia, as well as a few other countries. And it has done a pretty good job of carrying out the Colonel’s vision.

Collins Foods shares are up 168% over the past 5 years (not including dividends). They are also up close to 75% over the past 12 months.

The KFC franchise has likely benefitted from a lack of competition in Australia. Compared to the US, where there are dozens of fast food chains, only a few big names truly dominate the national…