---
title: Restaurant 10 — ten US fast-food chains as one index
canonical: https://sweetvaluelab.com/tools/restaurant-stocks
as_of: 2026-10-26
---
# Restaurant 10 index — Oct 26, 2026

The Restaurant 10 closed at 106.31 on Oct 26, 2026 (−0.1% on the day). Over the past year it moved −15.4%, against +13.1% for the S&P 500; since its base of 100 on Oct 1, 2021 it moved +6.3% (S&P 500 +78.5%). It is −20.6% from its 52-week high of 133.90 (Feb 26, 2026). 2 of 10 members close above their own 200-day average; 7 of 10 earned more EBITDA over the trailing four quarters than in the four before.

## Change by range

| Range | Restaurant 10 | S&P 500 |
| --- | ---: | ---: |
| the past month | +4.4% | −0.7% |
| the past six months | −17.2% | +7.3% |
| this year | −13.6% | +12.3% |
| the past year | −15.4% | +13.1% |
| since Oct 1, 2021 | +6.3% | +78.5% |

## Holdings

| Ticker | Company | Model | Weight | Close | 1 year | EV / EBITDA | 5-year median | Revenue growth | A year earlier | Operating margin | FCF yield | Dividend yield | Payout | Net debt / EBITDA | Lights |
| --- | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | --- |
| [WING](https://sweetvaluelab.com/stocks/wing) | Wingstop | Franchisor | 11.1% | 121.46 | −53.1% | 18.8× | 49.5× | +7.6% | +22.7% | 28.7% | 3.9% | 1.0% | 166% | 4.6× | payout, slowing |
| [YUM](https://sweetvaluelab.com/stocks/yum) | Yum! Brands | Franchisor | 10.6% | 149.80 | +4.5% | 18.2× | 19.8× | +10.3% | +11.3% | 31.0% | 4.0% | 1.9% | 101% | 3.9× | payout |
| [SBUX](https://sweetvaluelab.com/stocks/sbux) | Starbucks | Company-operated | 10.5% | 102.16 | +18.7% | 24.1× | 19.2× | +4.5% | +0.6% | 9.4% | 3.1% | 2.4% | 77% | 1.8× | — |
| [BROS](https://sweetvaluelab.com/stocks/bros) | Dutch Bros | Company-operated | 10.4% | 41.76 | −26.6% | 18.0× | 27.2× | +29.6% | +29.8% | 9.7% | 1.7% | 0.0% | 1% | -0.2× | — |
| [MCD](https://sweetvaluelab.com/stocks/mcd) | McDonald's | Franchisor | 10.4% | 249.82 | −18.3% | 14.4× | 17.9× | +6.3% | +1.2% | 46.2% | 4.4% | 2.9% | 97% | 2.6× | — |
| [QSR](https://sweetvaluelab.com/stocks/qsr) | Restaurant Brands | Franchisor | 10.1% | 74.29 | +10.2% | 15.9× | 18.2× | +6.5% | +21.8% | 27.1% | 4.6% | 3.3% | 65% | 4.2× | slowing |
| [DPZ](https://sweetvaluelab.com/stocks/dpz) | Domino's | Franchisor | 10.0% | 309.91 | −25.3% | 13.7× | 20.3× | +4.5% | +3.9% | 19.8% | 6.2% | 2.5% | 103% | 4.3× | payout |
| [WEN](https://sweetvaluelab.com/stocks/wen) | Wendy's | Franchisor | 9.3% | 6.17 | −31.2% | 7.6× | 11.7× | −1.0% | +1.3% | 13.4% | 22.4% | 9.0% | 47% | 5.1× | slowing, leverage |
| [CAVA](https://sweetvaluelab.com/stocks/cava) | CAVA | Company-operated | 9.1% | 51.17 | −19.5% | 32.0× | 79.4× | +26.8% | +28.2% | 6.8% | 0.8% | 0.0% | 0% | -2.5× | — |
| [CMG](https://sweetvaluelab.com/stocks/cmg) | Chipotle | Company-operated | 8.5% | 28.28 | −31.3% | 15.8× | 32.0× | +7.3% | +8.6% | 15.2% | 4.3% | 0.0% | 177% | -0.3× | payout |

## How the index is built

Ten US-listed fast-food and fast-casual chains, picked by hand on market value and search interest and reviewed once a year; casual dining is left out. Equal weights, reset on the first trading day of every quarter at the previous day's closes; 100 at the close before Oct 1, 2021; a company joins at the first reset after it lists. Price only (dividends not reinvested), split-adjusted; a candle's open, high, low and close are each member's times the shares the index holds, and a day on which any member has no price is left out. The members are today's choice carried back to 2021, so the history is how these ten did, not a fund anyone could have held. EV / EBITDA leaves lease liabilities out of debt, with EBITDA = operating income + depreciation and amortisation, trailing four quarters. Lights: net debt above 5× EBITDA; dividends and buybacks above 100% of free cash flow, or any while it is not positive; revenue shrinking, or growing more than 10 points slower than a year earlier.

Every trading day since the base, with the S&P 500 and the market-cap weighted version: https://sweetvaluelab.com/datasets/restaurant-10.csv

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Source: https://sweetvaluelab.com/tools/restaurant-stocks (SweetValueLab, free, no account). Daily prices and quarterly statements from Financial Modeling Prep. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.