Posted on 12/17/2016 7:08:21 AM PST by SkyPilot
•CBRL reported a decent Q1.
•Comps were positive but only because of strong pricing; traffic and the retail stores were weak.
•Margin growth continued but at nearly 21 times this year's earnings, the stock is way too expensive.
Cracker Barrel (NASDAQ:CBRL) has long been an example for others in the restaurant sector. The company has bucked weak trends in casual dining and its retail stores have helped shoulder the burden as well. CBRL's unique model has worked extremely well over the past few years and it pays a sizable dividend to boot. After a nice Q1 report, the stock is hitting new highs again but with the valuation becoming a concern, how much further can CBRL go?
(Excerpt) Read more at seekingalpha.com ...
I wouldn’t be surprised. The homey atmosphere evokes a sense of nostalgia for us baby boomers, and people in red states and counties are in a patriotic mood, so they patronize a restaurant that’s the essence of America.
MAGA!
In order to get into the restaurant, you have to navigate the front porch crammed with rocking chairs (with price tags hanging from them) and then go through the ticky-tacky gift shop to get to where you put your name in for a table. Food has almost no seasoning. It's like your grandmother's cooking if somebody took her spice rack away. Can't even order a beer or glass of wine as they have a no alcohol policy. That wouldn't be so bad if you could at least have real southern sweet tea to wash it all down but their tea tastes little better than what you can buy at the supermarket.
Then when you are done, you can't pay at the table. They make you walk your check to the register in the gift shop where you have to get in line behind people buying ceramic Elvis ash trays and NASCAR coloring books.
It's a shame they don't have Waffle Houses in the northern states. Now that is good food done cheap that I can appreciate.
I love grits and eggs over easy, but grits aren’t served in MI restaurants. You have to cross the OH/IN border to find grits.
When Democrats eat at Cracker Barrel, they just cheat at the puzzle. The game is full of white priviledge anyway.
-—I find their dinner menu blah with small portions-—
I think perhaps you didn’t understand the menu. They have a menu with both large and small portions. There is a difference in price of several dollars. The more expensive menu has much larger portions
In times gone by, Cracker Barrel catered to seniors with a seniors menu that was less expensive and had smaller portions. They have lots of repeat customers that come for that exact reason. They learned that some customers wanted the small portions and cheaper price but were turned off by ordering from the Seniors menu. So, they kept the same stuff but abandoned the Senior stigma.
Decimated means only killed 10%, the bubonic plague killed roughly one third of Europe in the mid 1300s.
LOL! The first and last time we were in a CB, we were asked by the waitress if this was the first time we were here. We said “yes” and then she turned to the entire restaurant, made us introduce ourselves and then made everyone applaud us! It was like something out of the movie “The Guilt Trip.” Have never returned although I did kind of like the gift shop.
That sounds like a bad manager. Every CB cooks from scratch, or supposed to. Please report that particular store to the home office in Lebanon, TN. They will fix it.
They also have a very good hash brown recipe. They fry them in little metal rings at their restaurants to keep the shape.
Very simple, but good, recipe.
So is their meatloaf recipe. The secret ingredient, crushed biscuts instead of bread crumbs. I love their meatloaf.
I love this restaurant for the atmosphere, the service and of course for shopping. I think you get a lot n a meal for your money.
Not PC?? This is the outfit that made a big deal about removing anything with a Confederate flag motif on it some years back.
We also make a sausage strata every Christmas morning.
I love grits...with sugar.
Yup. You’re right about that. Good point. They should not have folded.
Bert: Interesting! I never knew that about the menu.
SkyPilot: Jersey diners are hit and miss, they are definitely better in my opinion in the northeast part of the state, which is where I grew up. Basically for us here they are a way of life and for others somewhat of an experience. I’m not a big hash browns fan, but I had my first plate of chipped beef and biscuits and gravy in the service and now eat it whenever I get a chance. Easy to make as well.
Hey! Youse guyz can leave the grits to us and enjoy your oatmeal, which was invented to subdue sexual arousal. :)
When my daughter was very young, she was playing outside and got too close to a fire ant mound. They stung her all over, and I was on a mission to eradicate those sons of bitches.
Did you ever try them at the Hominy Grill downtown near MUSC? It's like shrimp n grits Nirvana...
Yum but I also love Bob Evans Chicken and Noodles; underneath are mashed potatoes and biscuts covered in chicken gravy.
One helluva motivator.
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