CBRL - Can Cracker Barrel Reignite Growth?
Back in November when I first advocated giving the restaurant industry a closer look, shares of most casual dining companies were down in the dumps. A saturated market, falling grocery prices, and changing consumer preferences all came together in a perfect storm dubbed the “restaurant recession.”
Over the last nine months, many restaurant stocks have seen significant gains. Shares of Cracker Barrel (CBRL), though, have actually slipped 7 percent to $145. Lethargic foot traffic and slowing expansion have dampened investor enthusiasm as of late. However, the company still possesses a number of unique