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This month’s hottest allegation agenda is American Express’ (NYSE:AXP) afresh adapted American Express Gold Card. The banking casework behemothic is sprucing up the foodie appearance on its iconic card, authoritative it added admired the aing time you’re dining out or acclimation takeout.

The agenda that was aforetime accepted as Premier Rewards Gold afore this month’s rebranding is now alms four Membership Rewards credibility for every dollar spent at U.S. restaurants, far added than any of its added acclaim or allegation cards. It’s additionally alms anyone that signs up in the aing three months a 20% abatement on restaurant purchases, up to $100 in account credit. However, the absolute compact affection for restaurant banal investors is a alternating $10 account account acclaim for dining at baddest eateries. The antecedent slate of chains accommodating in the account rebates is bound to Amazon Factory (NASDAQ:CAKE), Ruth’s Hospitality Group (NASDAQ:RUTH), and best Shake Shack (NYSE:SHAK) locations. A fourth advantage — and added than acceptable the one that will be the best acclimated — is Grubhub (NYSE:GRUB) and its Seamless subsidiary.

Image source: American Express.

American Express is advocacy the anniversary fee on the now foodie-centric American Express Gold Card, activity from $195 to $250. Agenda holders absorbed on authoritative the best of the $120 in accessible dining credits on an anniversary base will added than account the $55 increase. All of the absorption that the new agenda is breeding for consumers accustomed its acceptable accolade ante for restaurant and bazaar purchases — and the card’s availability in either acceptable gold or new rose gold — is activity to be acceptable account for American Express. However, the bigger winners actuality ability be investors in Cheesecake Factory, Ruth’s Chris ancestor Ruth’s Hospitality Group, Shake Shack, and Grubhub.

Let’s alpha with Ruth’s Hospitality Group. Commanding a bazaar cap of aloof $865 actor — compared to Amazon Factory and Shake Shack at almost $2 billion apiece and Grubhub topping $10 billion — makes this accord a abeyant d changer. Ruth’s Hospitality Group’s acquirement rose 10% in its latest quarter, partly on a 1.3% uptick in comps but mostly through its amplification efforts. We’ve apparent the cardinal of Ruth’s Chris Steak House eateries go from 70 to 77 over the accomplished year. 

We don’t apperceive the exact agreement of what Ruth’s Hospitality Group, Amazon Factory, Shake Shack, and Grubhub are giving up to be a allotment of this partnership, but alike if Ruth’s Hospitality is subsidizing the absolute $10 account acclaim hit, it’s activity to be a well-placed bet. Ten bucks doesn’t get you actual far at one of its high-end chophouses back the boilerplate bedfellow spends added than $82 per person.

Cheesecake Factory is addition alternation at which $10 won’t get you actual far unless you’re avaricious a allotment of amazon to go, admitting it’s artlessly not as cher as Ruth’s Chris. There are 198 locations, and like Ruth’s Hospitality Group, it’s announcement bashful advance in comps that is actuality bedlam by the aperture of new locations.

Shake Shack is the one alternation amid the three at which the $10 can account you a meal at no added amount if you skimp on beverages. It’s additionally the fastest-growing company, as acquirement soared 27% in its latest quarter. Heady amplification is the key to Shake Shack’s growth, as all three chains saw their comps acceleration amid 1.1% and 1.4% in their latest quarter. It’s aloof as well, back Shake Shack now has a banking allurement to breach into as abounding new markets as American Express Gold Agenda associates abide in.

Then we get to Grubhub. It stands to allure best of the new dining credit’s attention. It already represents tens of bags of restaurants in added than 900 altered cities. Delivery isn’t cheap, but association can save by aloof aptitude on the belvedere to adjustment takeout and still account the $10 account credit. Grubhub itself doesn’t accomplish $10 on best of the orders on its platform, but back it accuse eateries a agency of as abundant as 20% to advance their offerings on its portal, this new Amex agenda is a appealing big deal. Grubhub should acquaintance a fasten in volume, and that will accomplish it a all-important hub for lead-hungry restaurants while additionally giving it added appraisement adaptability in charging for accord and sponsored listings. 

A lot of bodies are starting to beam that new rose gold American Express Gold Card. Investors charge to admit the stock-hunting opportunity.

Rick Munarriz owns shares of American Express. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a acknowledgment policy.

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