Pizza Hut is a restaurant brand owned by YUM! Brands Inc., with more than 6,000 locations across the U.S. and more than 5,600 locations in 94 countries around the world.The origin of Pizza Hut's name is purely coincidental. Since the signboard outside the restaurant is only large enough for 9 English letters, and the two brothers wanted to include the word Pizza in the name, they finally decided to fill the remaining 3 vacancies with Hut to match the first Pizza Hut. The exterior of the pizza shop.