|Day Low/High||131.86 / 133.25|
|52 Wk Low/High||48.63 / 155.00|
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.
This is a chain of restaurants that truly seems to have its act together.
Beef shortages, capital raises, earnings, and a possible proxy fight.
If YUM wanted to go big in casual dining, it could make a play for Dine Brands Global.
The deals that has been taking place in the industry in the last few years are likely to continue.
One noted newcomer was Kura Sushi USA, and this is likely not the last we've heard of publicly traded sushi restaurants.
A bunch of beaten-up value names registered double-digit percentage gains last week; we'll see if the rally can continue.
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.
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.