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Restaurant stocks have been through quite a roller-coaster ride in 2020. The initial shock of shutdowns for COVID-19 saw shares of restaurant chains decimated, only to see a hugely impressive rally after investors realized things perhaps weren’t as bad as they seemed. One such stock that has rebounded nicely, although not back to its pre-COVID highs, is Cracker Barrel (CBRL).
Cracker Barrel has rallied back to a new relative high ahead of its earnings report that is due out in a just over a week, and I’m cautious. The restaurant sector has traded