Country fried steak and pork chops are among the biggest bargains around for buyers seeking deals in the U.S. restaurant industry.
Cracker Barrel Old Country Store Inc., the owner of namesake restaurants and gift shops, trades for 12.9 times free cash flow, less than 89 percent of U.S. peers valued at more than $1 billion, according to data compiled by Bloomberg. The Lebanon, Tennessee-based company’s valuation is lagging behind rivals even after a 38 percent rally since Biglari Holdings Inc. disclosed a stake in 2011 and requested strategy changes.
