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U.S. Restaurants Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies64
  • 7D-3.4%
  • 3M-5.3%
  • 1Y-9.4%
  • YTDn/a

Over the last 7 days, the Restaurants industry has dropped 2.7%, driven by McDonald's declining 5.5%. On the other hand Dutch Bros is actually up 5.1%. Overall the industry is down 7.3% in 12 months. 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, 28 Apr 2026US$278.2bUS$128.6bUS$6.9b20.5x40x2.2x
Thu, 26 Mar 2026US$262.1bUS$128.6bUS$6.9b19.8x37.8x2x
Sat, 21 Feb 2026US$281.3bUS$127.8bUS$7.2b21.7x39x2.2x
Mon, 19 Jan 2026US$297.0bUS$125.6bUS$7.2b20.5x41.5x2.4x
Wed, 17 Dec 2025US$292.5bUS$125.2bUS$7.1b21.4x41x2.3x
Fri, 14 Nov 2025US$268.9bUS$123.8bUS$7.2b19.5x37.2x2.2x
Sun, 12 Oct 2025US$310.6bUS$122.2bUS$7.2b21.3x43.4x2.5x
Tue, 09 Sep 2025US$312.5bUS$121.9bUS$7.1b22.2x43.9x2.6x
Thu, 07 Aug 2025US$324.4bUS$120.3bUS$7.2b22.1x45.2x2.7x
Sat, 05 Jul 2025US$347.8bUS$119.1bUS$7.1b24.7x49x2.9x
Mon, 02 Jun 2025US$320.4bUS$118.6bUS$7.1b23.7x45.3x2.7x
Wed, 30 Apr 2025US$303.8bUS$117.1bUS$6.9b23x44.2x2.6x
Fri, 28 Mar 2025US$305.1bUS$114.5bUS$6.5b26.4x47x2.7x
Sun, 23 Feb 2025US$308.8bUS$114.9bUS$6.5b25.9x47.3x2.7x
Tue, 21 Jan 2025US$294.5bUS$107.6bUS$5.9b26.1x49.7x2.7x
Thu, 19 Dec 2024US$309.0bUS$108.2bUS$5.9b24.2x52.3x2.9x
Sat, 16 Nov 2024US$301.8bUS$108.2bUS$5.9b26.1x51x2.8x
Mon, 14 Oct 2024US$285.0bUS$108.9bUS$5.6b26.8x51x2.6x
Wed, 11 Sep 2024US$255.7bUS$109.3bUS$5.6b23.2x45.5x2.3x
Fri, 09 Aug 2024US$248.3bUS$108.0bUS$5.6b20.9x44x2.3x
Sun, 07 Jul 2024US$261.1bUS$108.1bUS$6.0b20.8x43.9x2.4x
Tue, 04 Jun 2024US$264.1bUS$107.9bUS$6.0b23.9x44.1x2.4x
Thu, 02 May 2024US$272.8bUS$108.5bUS$6.0b19.1x45.4x2.5x
Sat, 30 Mar 2024US$276.8bUS$107.7bUS$6.0b19.1x46.3x2.6x
Mon, 26 Feb 2024US$256.3bUS$107.2bUS$5.9b20x43.7x2.4x
Wed, 24 Jan 2024US$232.3bUS$105.7bUS$5.0b19.8x46.6x2.2x
Fri, 22 Dec 2023US$232.4bUS$105.7bUS$5.0b20.9x46.6x2.2x
Sun, 19 Nov 2023US$224.1bUS$105.4bUS$5.0b20x45x2.1x
Tue, 17 Oct 2023US$203.2bUS$104.8bUS$4.7b17.4x43.2x1.9x
Thu, 14 Sep 2023US$218.6bUS$104.5bUS$4.7b17.8x46.4x2.1x
Sat, 12 Aug 2023US$225.6bUS$104.8bUS$4.5b19.8x50x2.2x
Mon, 10 Jul 2023US$231.1bUS$101.3bUS$3.4b20.9x68.3x2.3x
Wed, 07 Jun 2023US$221.2bUS$100.4bUS$3.4b20.8x65.3x2.2x
Fri, 05 May 2023US$213.8bUS$98.0bUS$3.2b21x66.3x2.2x
Price to Earnings Ratio

66.3x


Total Market Cap: US$213.8bTotal Earnings: US$3.2bTotal Revenue: US$98.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Restaurants Industry Price to Earnings3Y Average 47.1x202420252026
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 40.2x which is lower than its 3-year average PE of 47.1x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Restaurants industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 9.5% 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 Market0.72%
Consumer Discretionary-0.52%
Hospitality-4.21%
Restaurants-3.39%
Casinos and Gaming-0.38%
Hotels, Resorts and Cruise Lines-5.95%
Leisure Facilities-7.26%
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
BROS Dutch BrosUS$57.385.1%
+US$351.3m		-6.7%PE91.5x
CHA Chagee HoldingsUS$10.713.2%
+US$61.3m		-69.0%PE12x
BH.A Biglari HoldingsUS$1.66k6.1%
+US$60.0m		46.2%PS2.6x
CAKE Cheesecake FactoryUS$62.511.1%
+US$33.4m		25.9%PE21x
CBRL Cracker Barrel Old Country StoreUS$31.062.8%
+US$18.8m		-26.0%PS0.2x

Latest News

CMG
US$33.64
Chipotle Mexican Grill
7D
-6.1%
1Y
-33.9%
DPZ
US$335.30
Domino's Pizza
7D
-9.2%
1Y
-31.7%
EAT
US$134.13
Brinker International
7D
-15.3%
1Y
-16.5%
MCD
US$290.21
McDonald's
7D
-5.5%
1Y
-8.4%

MCD: Value Menu Reset Will Support Digital And Franchise Model Upside

McDonald's updated analyst price target edges up by about $0.15 to $345.00 as analysts factor in slightly higher profit margin expectations and a modestly adjusted discount rate, following a wave of recent upgrades and target revisions across the Street. Analyst Commentary Street research on McDonald's has been active, with a cluster of target changes and rating moves pointing to a mixed but generally constructive debate around valuation, earnings quality, and the pace of future growth.
YUM
US$155.17
Yum! Brands
7D
-4.1%
1Y
5.0%

YUM: Group Repricing And Buybacks Will Shape Future Risk Reward Balance

Yum! Brands' analyst price target is updated to $172.25 from $171.92, reflecting minor tweaks to assumptions around discount rate, revenue growth, profit margin, and future P/E in light of a series of recent price target increases from major research firms.
DNUT
US$4.02
Krispy Kreme
7D
2.6%
1Y
-4.1%
FWRG
US$13.16
First Watch Restaurant Group
7D
2.3%
1Y
-30.5%

FWRG: Unit Expansion And Marketing Investments Will Drive Long Term Upside

Analysts have trimmed the blended price target for First Watch Restaurant Group by about $0.17 to $19.33 as they factor in slower same-restaurant sales growth and softer recent EBITDA results, while still highlighting long term plans for unit expansion and brand awareness initiatives. Analyst Commentary Recent research updates paint a mixed picture, with most firms trimming price targets while still highlighting First Watch Restaurant Group's long term expansion plans and brand building efforts.
SBUX
US$97.89
Starbucks
7D
-1.1%
1Y
16.7%

Starbucks Q2 FY26 Results Preview: The Market Is Warming Up To Niccol's Turnaround

Apr 23
CAKE
US$62.51
Cheesecake Factory
7D
1.1%
1Y
25.9%

CAKE: Elevated P/E And Mixed Q4 Delivery Will Constrain Forward Returns

Analysts have lifted Cheesecake Factory's average price target by several dollars to a range of roughly $58 to $75, as they refresh models after mixed Q4 results and an updated 2026 outlook. They still see a fair value of $50 based on current assumptions for revenue growth, margins and future P/E.
DASH
US$174.06
DoorDash
7D
-4.6%
1Y
-9.0%
BROS
US$57.38
Dutch Bros
7D
5.1%
1Y
-6.7%

BROS: National Store Additions And Index Inclusion Will Support Premium P E Multiples

Analysts have trimmed their Dutch Bros fair value estimate slightly, with the updated price target easing by about $0.40 to $75.71. They factor in a marginally higher discount rate and a slightly lower assumed future P/E, while still citing supportive research that highlights what they view as overblown competitive concerns and generally constructive views from recent initiations and upgrades.
CBRL
US$31.06
Cracker Barrel Old Country Store
7D
2.8%
1Y
-26.0%

CBRL: Menu And Operations Changes Will Gradually Support Cautious Traffic Recovery

Analysts now estimate Cracker Barrel Old Country Store's fair value at about $31.38 per share, a slight adjustment from roughly $31.57. The revision reflects a balance between higher revenue expectations, more conservative profit margins, and a higher assumed future P/E, following recent price target increases and differing views on how quickly traffic may recover.
WING
US$177.73
Wingstop
7D
-10.7%
1Y
-20.9%
NDLS
US$11.49
Noodles
7D
20.9%
1Y
45.8%
CHA
US$10.71
Chagee Holdings
7D
3.2%
1Y
-69.0%

Chagee: Burden Of Proof Is High

Apr 08
BH.A
US$1,659.50
Biglari Holdings
7D
6.1%
1Y
46.2%