Take a BITE out of a Restaurant ETF


Consequently, as Americans allocate more of their income on dining and spending out, BITE could continue to gain momentum. BITE tracks U.S. listed companies operating branded restaurants, with over 50 of the world’s most recognizable and iconic brands in quick services, fast casual and casual dining.

For instance, BITE includes some recognizable names among its top holdings, including Texas Roadhouse (NasdaqGS: TXRH) 2.9%, Dominos Pizza (NYSE: SPZ) 2.9%, Sonic (NasdaqGS: SONC) 2.9%, Carrol’s Restaurant Group (NasdaqGS: TAST) 2.9% and Cracker Barrel Old Country (NasdaqGS: CBRL) 2.9%.

Additionally, for more diversified exposure, investors can look at the PowerShares Dynamic Food & Beverage Portfolio (NYSEArca: PBJ), which targets food and beverage companies, and PowerShares Dynamic Leisure and Entertainment Portfolio (NYSEArca: PEJ), which includes restaurant names. Additionally, dining and quick services falls under the broader Consumer Discretionary Select Sector SPDR (NYSEArca: XLY). Year-to-date, PBJ was up 0.9%, PSCD rose 3.5% and XLY was 0.4% higher.

Restaurant ETF