|Day Low/High||100.52 / 101.70|
|52 Wk Low/High||88.55 / 203.50|
A basket of 38 restaurant stocks I track, large and small, are up about 14% year to date.
One interesting facet is the 19.74% ownership stake by Biglari Holdings.
What is most fascinating in this index-investing based world is the amount of variability and inefficiency that still exists.
When there is real market turmoil, the smaller names usually are damaged more than their large-cap cousins.
Shares of Dine Brands have surged this year after a rough 2017, while Biglari has slid since creating two classes of stock.
This week's go-private move by Sonic Corp. extends a run of restaurant deals that probably isn't over.
Consolidation is set to continue in the restaurant industry.
The plot should thicken once both of BH's share classes begin trading.
Biglari Holdings adoption of dual share class at yesterday's special (and annual) meeting opens up a new chapter for this company, which has been increasingly frustrating to own.
My favorites are a combination of cheap valuations, and potential takeover targets.
This 'motley crew' of value is not for the faint of heart.
Some are angry about the company's plan for two share classes, but I still see deep value.
Hibbett Sports, Zoe's Kitchen, Biglari Holdings and Fitbit have pulled their weight among my five value plays.
Zoe's Kitchen, Cracker Barrel and Fiesta Restaurant Group are among names that could draw the interest of potential acquirers.
Those names in the sector that I actually like or own are few and far between, and some are not widely followed.
The five stocks are up an average of nearly 10% over the last month, but barely are outperforming small-caps in general.
Apart from big chains, very few restaurant companies have done well.
Fitbit, Hibbett Sports, Zoe's Kitchen and Biglari Holdings all have struggled, with only FreightCar America in positive territory for the year.
BH is down on no particular news, but VG is trading at an 11-year high.
The restaurant chain has become a dividend champion of sorts, thanks in part to healthy special payouts in recent years.
Bob Evans, Biglari Holdings, Rell Electronics and Zoe's Kitchen all had news of interest to this value seeker.
CEO Sardar Biglari loves to wax on for hours about his investment philosophy, which is one reason this meeting is a must-see event.
Even though its shares are up 46% year to date, the name remains greatly undervalued from a sum-of-the-parts perspective.
Negative data continues to point to difficulties in the land of eateries.