At Tier 1 Investments, I seek out and invest in elite businesses. These include companies with the most valuable brands, best management, superior products and services, and strongest competitive advantages.

Restaurants can be tricky investments as the competition heats up, and fads come and go. But when a well-run business aligns with strong national trends, the profits can be healthy.

Joe Tenebruso's Tier 1 Portfolio holds shares of Panera Bread. Richard Engdahl has no position in any stocks mentioned. The Motley Fool recommends McDonald's and Panera Bread. The Motley Fool owns shares of McDonald's and Panera Bread. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.