CBRL - Don't Look Now but Cava Is Worth 10 Cracker Barrels. Time to Buy the Stock?
2024-06-06 08:15:00 ET
For over 50 years, restaurant chain Cracker Barrel Old Country Store (NASDAQ: CBRL) has been pleasing customers with Southern style comfort food, old-timey products in its country store, and unique antique decor throughout its locations. Weary interstate travelers stop in, relax in some front-porch rocking chairs, and perhaps even play a game of checkers.
This nostalgic recipe has propelled Cracker Barrel into a well-known chain of 660 locations. But unfortunately for investors, it's worth just a small fraction of some younger, thriving restaurant chains .
The Mediterranean-themed restaurant chain Cava Group (NYSE: CAVA) is a good example. As of April 21, Cava had only 323 locations -- about half the footprint of Cracker Barrel.
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Don't Look Now, but Cava Is Worth 10 Cracker Barrels. Time to Buy the Stock?