|Day Low/High||647.10 / 647.10|
|52 Wk Low/High||553.56 / 948.97|
Can recent successes translate into real value for investors?
The stock is certainly looking better these days, with both share classes trading near two-year highs.
This has recently been a pretty exciting place to be.
Carnival Corp. continues to sell debt and equity as it works to stay afloat, while Steak n Shake deals with problems of its own.
For starters, Cracker Barrel remains a top candidate.
Still, shares have had a nice run since bottoming in March.
The big charge Cracker Barrel just took to write down its stake in the small Denver-based chain could spur another proxy fight with Biglari Holdings.
One noted newcomer was Kura Sushi USA, and this is likely not the last we've heard of publicly traded sushi restaurants.
Bass Pro Shops deal should boost BXG, reverse-stock split should be ugly for existing APRN shareholders, and Biglari could bounce.
Biglari has railed at Cracker Barrel's very successful business, but its own Steak 'n Shake is not performing well.
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.
Shares of Dine Brands have surged this year after a rough 2017, while Biglari has slid since creating two classes of stock.