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U.S. Restaurants Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies68
  • 7D1.0%
  • 3M0.7%
  • 1Y-10.5%
  • YTDn/a

In the last week, the Restaurants industry is up 1.0%, with DoorDash up 7.3%. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.S. Restaurants Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026US$282.3bUS$128.5bUS$7.1b21.5x39.9x2.2x
Thu, 29 Jan 2026US$291.1bUS$125.7bUS$7.2b19.8x40.6x2.3x
Sat, 27 Dec 2025US$299.5bUS$125.5bUS$7.2b19.7x41.9x2.4x
Mon, 24 Nov 2025US$267.8bUS$125.3bUS$7.2b18.8x37.2x2.1x
Wed, 22 Oct 2025US$318.3bUS$122.2bUS$7.2b23.2x44.5x2.6x
Fri, 19 Sep 2025US$313.4bUS$121.9bUS$7.1b22.3x44.1x2.6x
Sun, 17 Aug 2025US$320.4bUS$121.8bUS$7.2b22.6x44.6x2.6x
Tue, 15 Jul 2025US$344.2bUS$119.1bUS$7.1b24.1x48.4x2.9x
Thu, 12 Jun 2025US$323.4bUS$118.8bUS$7.1b23.8x45.5x2.7x
Sat, 10 May 2025US$303.6bUS$115.4bUS$7.0b23.3x43.2x2.6x
Mon, 07 Apr 2025US$273.4bUS$114.5bUS$6.5b24.4x42.1x2.4x
Wed, 05 Mar 2025US$310.3bUS$114.3bUS$6.5b25.9x47.9x2.7x
Fri, 31 Jan 2025US$317.4bUS$112.5bUS$6.2b29.4x51.3x2.8x
Sun, 29 Dec 2024US$300.7bUS$107.6bUS$5.9b23x50.8x2.8x
Tue, 26 Nov 2024US$296.1bUS$108.2bUS$5.9b25.9x49.9x2.7x
Thu, 24 Oct 2024US$289.1bUS$108.9bUS$5.6b26.8x51.8x2.7x
Sat, 21 Sep 2024US$274.9bUS$109.4bUS$5.6b25x49x2.5x
Mon, 19 Aug 2024US$254.2bUS$108.4bUS$5.6b22.9x45.3x2.3x
Wed, 17 Jul 2024US$250.9bUS$108.1bUS$5.9b22.3x42.2x2.3x
Fri, 14 Jun 2024US$269.2bUS$107.9bUS$6.0b22.7x45.2x2.5x
Sun, 12 May 2024US$273.1bUS$109.6bUS$6.0b24.9x45.5x2.5x
Tue, 09 Apr 2024US$271.6bUS$107.7bUS$6.0b18.4x45.3x2.5x
Thu, 07 Mar 2024US$264.6bUS$107.4bUS$5.9b19.4x44.5x2.5x
Sat, 03 Feb 2024US$242.8bUS$105.7bUS$5.0b20x48.8x2.3x
Mon, 01 Jan 2024US$236.3bUS$105.7bUS$5.0b20.8x47.4x2.2x
Wed, 29 Nov 2023US$226.0bUS$105.5bUS$5.0b19.9x45.3x2.1x
Fri, 27 Oct 2023US$203.8bUS$104.8bUS$4.7b17.2x43.3x1.9x
Sun, 24 Sep 2023US$213.7bUS$104.8bUS$4.7b18x45.4x2x
Tue, 22 Aug 2023US$218.6bUS$105.1bUS$4.6b19.1x47.6x2.1x
Thu, 20 Jul 2023US$241.4bUS$101.3bUS$3.4b21.9x71.4x2.4x
Sat, 17 Jun 2023US$226.9bUS$101.1bUS$3.3b21.4x68.1x2.2x
Mon, 15 May 2023US$214.0bUS$100.1bUS$3.4b18.9x63x2.1x
Wed, 12 Apr 2023US$206.3bUS$96.8bUS$2.8b21.8x74x2.1x
Fri, 10 Mar 2023US$168.9bUS$88.8bUS$4.0b22x42.1x1.9x
Price to Earnings Ratio

42.1x


Total Market Cap: US$168.9bTotal Earnings: US$4.0bTotal Revenue: US$88.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Restaurants Industry Price to Earnings3Y Average 48.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Restaurants industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 39.9x which is lower than its 3-year average PE of 48.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Restaurants industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Restaurants compare with similar industries?

US Market-0.57%
Consumer Discretionary-1.50%
Hospitality0.31%
Restaurants1.02%
Hotels, Resorts and Cruise Lines0.44%
Casinos and Gaming-0.90%
Leisure Facilities-6.04%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DASH DoorDashUS$176.417.3%
+US$5.2b		-8.8%PE82x
SBUX StarbucksUS$96.762.1%
+US$2.3b		-16.2%PE80.5x
QSR Restaurant Brands InternationalUS$71.956.5%
+US$1.5b		11.0%PE27.6x
CAVA CAVA GroupUS$78.4914.8%
+US$1.2b		-10.5%PE143.3x
BROS Dutch BrosUS$53.2412.6%
+US$757.2m		-30.3%PE84.7x

Latest News

FWRG
US$12.46
First Watch Restaurant Group
7D
-19.6%
1Y
-37.2%
BH.A
US$1,815.95
Biglari Holdings
7D
-9.3%
1Y
66.6%
WING
US$240.20
Wingstop
7D
-3.3%
1Y
7.1%

WING: Restaurant Price War Risk Will Restrain 2026 Return Potential

Our updated analyst price target for Wingstop has been reduced by about $10 to $234, reflecting slightly softer revenue growth expectations and a lower assumed future P/E multiple. This is partly offset by modestly better margin assumptions in the wake of mixed but generally constructive Street commentary around Q4 results and 2026 guidance.
QSR
US$71.95
Restaurant Brands International
7D
6.5%
1Y
11.0%
CAVA
US$78.49
CAVA Group
7D
14.8%
1Y
-10.5%
BROS
US$53.24
Dutch Bros
7D
12.6%
1Y
-30.3%
MCD
US$334.82
McDonald's
7D
0.08%
1Y
10.0%

MCD: Value And Digital Execution Are Expected To Support Breakout Setup

Narrative Update McDonald's fair value estimate edges up by about $2 to $341.28 as analysts lift price targets across the stock. They cite what they see as higher quality growth, strong profitability and benefits from digital investments, marketing and value initiatives into 2026.
BJRI
US$36.61
BJ's Restaurants
7D
-10.1%
1Y
-0.8%
SHAK
US$94.44
Shake Shack
7D
5.4%
1Y
-8.1%
YUMC
US$53.50
Yum China Holdings
7D
-3.1%
1Y
9.1%
YUM
US$162.92
Yum! Brands
7D
-2.1%
1Y
3.8%

YUM: Portfolio Reshaping And Dividend Growth Will Guide Future Risk Balance

Our analyst fair value estimate for Yum! Brands has moved slightly higher from $170.08 to $171.75, reflecting street analysts' higher price targets across banks and a modestly stronger view on growth quality, margins, and future earnings multiples.
DASH
US$176.41
DoorDash
7D
7.3%
1Y
-8.8%
TXRH
US$180.19
Texas Roadhouse
7D
1.3%
1Y
-0.6%
DRI
US$209.87
Darden Restaurants
7D
-2.0%
1Y
7.1%

DRI: Value Discipline And New Unit Openings Will Support Long-Term Upside

Narrative Update: Darden Restaurants The updated analyst fair value estimate for Darden Restaurants edges higher to $263.49 from $258.71. Analysts cite slightly stronger assumptions for revenue growth, profit margins, and future P/E, despite mixed recent price target revisions and ratings changes across the Street.
SBUX
US$96.76
Starbucks
7D
2.1%
1Y
-16.2%

SBUX: Coffee Category Positioning And 2026 Outlook Will Support Repriced Earnings Power

Narrative update on Starbucks The analyst price target for Starbucks has been adjusted to $120, with analysts citing a mix of recent target increases across multiple firms and one modest cut, alongside updated assumptions for revenue growth, margins, and a slightly lower future P/E. Analyst Commentary Recent Street research on Starbucks has been dominated by upward price target revisions, with only one modest cut, which collectively underpins the updated US$120 blended target.
ARMK
US$41.26
Aramark
7D
1.7%
1Y
14.5%

ARMK: Contract Wins And Buybacks Will Support Stronger FY26 Earnings Delivery

Analysts have lifted their average Aramark price target from about $44.60 to roughly $46.63. The updated views factor in recent organic growth trends and expectations for future contract contributions and earnings power.