CBRL - Cracker Barrel singled out by Deutsche Bank as restaurant sector outperformer

Deutsche Bank starts off coverage on Cracker Barrel (CBRL) with a Buy rating on its view that the restaurant stock presents investors upside opportunity."The crux of the call is essentially that one can apply 'realistic but not aggressive' accumulated unit value and margin recovery assumptions, and still get to relatively attractive upside from here in a base case, which is harder to do at this point with many of CBRL's peers in Casual Dining."Shares of Cracker Barrel are already up 30% YTD.

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Cracker Barrel singled out by Deutsche Bank as restaurant sector outperformer