- Mixed results for restaurant stocks in August as valuations fluctuated by segment. Coffee and sandwich stocks had multiple expansion during the month, while casual dining and fast casual had multiple contraction. Valuations for family dining, fine dining and pizza stocks largely remained flat month over month.
- Fast casual continues to be the most richly valued segment of the restaurant industry, although a significant decline in previously high-flying NDLS has recently hampered the overall category.
- Multiple expansion in the coffee category was led by strength at KKD and the recent surge in THI’s stock following the announcement of its merger with BKW.
Casual dining category
family dining category
fast casual category
fine dining category
Have a wonderful Labor Day Weekend.