Educational use only — not investment advice. "Undervalued / fairly valued / overvalued" and every risk score reflect our models vs. price, which can be wrong or based on stale or incomplete data. Always review the company's own financials and SEC filings, and consult a licensed advisor, before acting.
ARCO
Deeply undervalued
Arcos Dorados Holdings Inc.
Price$8.12
Model IV$33.94
P/IV0.21
Discount 76%
Return to IV: +317.9%
Market implies -26.6%/yr
vs model +15.2% · below model
ARKR
Deeply undervalued
ARK RESTAURANTS CORP
Price$4.55
Model IV$23.88
P/IV0.19
Discount 81%
Return to IV: +424.8%
Market implies -34.5%/yr
vs model +5.9% · below model
ARMK
Deeply overvalued
Aramark
Price$55.54
Model IV$30.38
P/IV1.76
Premium +83%
Return to IV: -45.3%
Market implies +15.3%/yr
vs model +9.0% · above model
BDL
Deeply overvalued
FLANIGANS ENTERPRISES INC
Price$46.39
Model IV$30.40
P/IV1.39
Premium +53%
Return to IV: -34.5%
Market implies +10.6%/yr
vs model +8.8% · in line
BH
Undervalued
Biglari Holdings Inc.
Price$367.70
Model IV$469.58
P/IV0.77
Discount 22%
Return to IV: +27.7%
Market implies +0.8%/yr
vs model +6.2% · below model
BJRI
Deeply overvalued
BJs RESTAURANTS INC
Price$59.54
Model IV$21.27
P/IV2.90
Premium +180%
Return to IV: -64.3%
Market implies +20.2%/yr
vs model +8.2% · above model
BLMN
Deeply undervalued
Bloomin' Brands, Inc.
Price$8.48
Model IV$15.55
P/IV0.55
Discount 45%
Return to IV: +83.4%
Market implies -5.5%/yr
vs model +5.3% · below model
BRCB
Deeply undervalued
Black Rock Coffee Bar, Inc.
Price$7.16
Model IV$10.29
P/IV0.70
Discount 30%
Return to IV: +43.6%
Market implies -5.3%/yr
vs model +22.7% · below model
BROS
Fairly valued
Dutch Bros Inc.
Price$39.78
Model IV$40.16
P/IV0.97
Discount 1%
Return to IV: +1.0%
Market implies +0.0%/yr
vs model +34.7% · below model
BTBD
Deeply overvalued
BT Brands, Inc.
Price$1.71
Model IV$0.95
P/IV1.77
Premium +81%
Return to IV: -44.7%
Market implies +9.0%/yr
vs model +15.0% · below model
BTBDW
Valuation N/A
BT Brands, Inc.
Price$0.02
Model IV—
P/IV—
Market implies -50.0%/yr
vs model +15.0% · below model
CAKE
Deeply overvalued
CHEESECAKE FACTORY INC
Price$106.91
Model IV$54.92
P/IV1.95
Premium +95%
Return to IV: -48.6%
Market implies +15.5%/yr
vs model +8.2% · above model
CAVA
Deeply overvalued
CAVA GROUP, INC.
Price$54.31
Model IV$18.17
P/IV2.90
Premium +199%
Return to IV: -66.5%
Market implies +16.7%/yr
vs model +23.9% · below model
CBRL
Fairly valued
CRACKER BARREL OLD COUNTRY STORE, INC
Price$55.34
Model IV$57.81
P/IV0.96
Discount 4%
Return to IV: +4.5%
Market implies +3.2%/yr
vs model +5.7% · in line
CCHH
Valuation N/A
CCH Holdings Ltd
Price$0.99
Model IV—
P/IV—
Market implies +10.4%/yr
CHA
Fairly valued
Chagee Holdings Ltd.
Price$11.33
Model IV$12.52
P/IV1.02
Discount 10%
Return to IV: +10.5%
Market implies +5.2%/yr
vs model +8.0% · in line
CMG
Deeply overvalued
CHIPOTLE MEXICAN GRILL INC
Price$32.68
Model IV$20.39
P/IV1.56
Premium +60%
Return to IV: -37.6%
Market implies +15.1%/yr
vs model +10.9% · above model
CNNE
Deeply overvalued
Cannae Holdings, Inc.
Price$15.90
Model IV$3.20
P/IV4.64
Premium +397%
Return to IV: -79.9%
Market implies +20.3%/yr
vs model +2.0% · above model
DIN
Undervalued
Dine Brands Global, Inc.
Price$29.47
Model IV$40.27
P/IV0.71
Discount 27%
Return to IV: +36.6%
Market implies -0.8%/yr
vs model +5.3% · below model
DRI
Fairly valued
DARDEN RESTAURANTS INC
Price$200.52
Model IV$201.38
P/IV0.99
Discount 0%
Return to IV: +0.4%
Market implies +6.5%/yr
vs model +8.1% · in line
EAT
Undervalued
BRINKER INTERNATIONAL, INC
Price$190.20
Model IV$260.59
P/IV0.79
Discount 27%
Return to IV: +37.0%
Market implies +3.1%/yr
vs model +9.0% · below model
FWRG
Deeply undervalued
First Watch Restaurant Group, Inc.
Price$10.96
Model IV$26.82
P/IV0.43
Discount 59%
Return to IV: +144.7%
Market implies -15.4%/yr
vs model +19.4% · below model
GENK
Valuation N/A
GEN Restaurant Group, Inc.
Price$1.60
Model IV—
P/IV—
Market implies -24.2%/yr
vs model +9.1% · below model
GTIM
Deeply undervalued
Good Times Restaurants Inc.
Price$1.49
Model IV$13.29
P/IV0.10
Discount 89%
Return to IV: +791.9%
Market implies -50.0%/yr
vs model +3.4% · below model
HCHL
Valuation N/A
Happy City Holdings Ltd
Price$3.96
Model IV—
P/IV—
Market implies +52.1%/yr
HDL
Valuation N/A
SUPER HI INTERNATIONAL HOLDING LTD.
Price$11.90
Model IV—
P/IV—
Limited data — see page
JACK
Deeply undervalued
JACK IN THE BOX INC
Price$12.45
Model IV$48.60
P/IV0.26
Discount 74%
Return to IV: +290.4%
Market implies -15.1%/yr
vs model +10.9% · below model
KRUS
Deeply undervalued
KURA SUSHI USA, INC.
Price$39.93
Model IV$85.53
P/IV0.66
Discount 53%
Return to IV: +114.2%
Market implies -12.9%/yr
vs model +44.5% · below model
LOCO
Fairly valued
El Pollo Loco Holdings, Inc.
Price$14.94
Model IV$13.10
P/IV1.13
Premium +14%
Return to IV: -12.3%
Market implies +7.1%/yr
vs model +7.7% · in line
LVO
Valuation N/A
LiveOne, Inc.
Price$2.73
Model IV—
P/IV—
Market implies +13.7%/yr
vs model +15.1% · in line
MB
Deeply undervalued
MASTERBEEF GROUP
Price$3.80
Model IV$7.17
P/IV0.57
Discount 47%
Return to IV: +88.8%
Market implies -4.7%/yr
vs model +8.0% · below model
MCD
Deeply overvalued
MCDONALDS CORP
Price$236.90
Model IV$172.09
P/IV1.44
Premium +38%
Return to IV: -27.4%
Market implies +8.6%/yr
vs model +5.0% · above model
NATH
Deeply overvalued
NATHANS FAMOUS, INC.
Price$101.75
Model IV$69.18
P/IV1.36
Premium +47%
Return to IV: -32.0%
Market implies +11.3%/yr
vs model +8.3% · in line
NDLS
Deeply undervalued
NOODLES & Co
Price$13.81
Model IV$167.44
P/IV0.08
Discount 92%
Return to IV: +1,112.5%
Market implies -50.0%/yr
vs model +15.0% · below model
PC
Valuation N/A
Premium Catering (Holdings) Ltd
Price$9.40
Model IV—
P/IV—
Market implies +42.6%/yr
vs model +15.0% · above model
PLAY
Deeply undervalued
Dave & Buster's Entertainment, Inc.
Price$6.97
Model IV$36.64
P/IV0.28
Discount 81%
Return to IV: +425.7%
Market implies -28.8%/yr
vs model +12.7% · below model
PTLO
Deeply overvalued
Portillo's Inc.
Price$3.90
Model IV$2.30
P/IV1.59
Premium +70%
Return to IV: -41.2%
Market implies +11.7%/yr
vs model +8.1% · above model
PZZA
Undervalued
PAPA JOHNS INTERNATIONAL INC
Price$19.46
Model IV$25.77
P/IV1.33
Discount 24%
Return to IV: +32.4%
Market implies -0.5%/yr
vs model +4.7% · below model
QSR
Deeply overvalued
Restaurant Brands International Inc.
Price$70.66
Model IV$46.56
P/IV1.54
Premium +52%
Return to IV: -34.1%
Market implies +13.5%/yr
vs model +9.6% · above model
REBN
Deeply overvalued
Reborn Coffee, Inc.
Price$1.89
Model IV$1.19
P/IV0.91
Premium +58%
Return to IV: -36.9%
Market implies +6.6%/yr
vs model +37.3% · below model
RICK
Deeply undervalued
RCI HOSPITALITY HOLDINGS, INC.
Price$26.68
Model IV$40.45
P/IV0.68
Discount 34%
Return to IV: +51.6%
Market implies -1.4%/yr
vs model +8.4% · below model
RRGB
Deeply overvalued
RED ROBIN GOURMET BURGERS INC
Price$8.44
Model IV$1.99
P/IV2.54
Premium +324%
Return to IV: -76.4%
Market implies +22.3%/yr
vs model +3.1% · above model
SBUX
Deeply overvalued
STARBUCKS CORP
Price$93.21
Model IV$36.06
P/IV2.66
Premium +158%
Return to IV: -61.3%
Market implies +18.3%/yr
vs model +6.9% · above model
SDOT
Valuation N/A
Sadot Group Inc.
Price$9.89
Model IV—
P/IV—
Market implies -50.0%/yr
SG
Valuation N/A
Sweetgreen, Inc.
Price$9.57
Model IV—
P/IV—
Market implies +25.1%/yr
vs model +18.9% · above model
SHAK
Deeply overvalued
Shake Shack Inc.
Price$67.31
Model IV$15.91
P/IV3.68
Premium +323%
Return to IV: -76.4%
Market implies +29.3%/yr
vs model +11.1% · above model
STKS
Valuation N/A
ONE Group Hospitality, Inc.
Price$1.52
Model IV—
P/IV—
Market implies -6.1%/yr
vs model +9.9% · below model
THCH
Deeply undervalued
TH International Ltd
Price$1.16
Model IV$3.48
P/IV0.37
Discount 67%
Return to IV: +201.3%
Market implies -21.5%/yr
vs model +16.4% · below model
TXRH
Deeply overvalued
Texas Roadhouse, Inc.
Price$162.76
Model IV$110.07
P/IV1.50
Premium +48%
Return to IV: -32.4%
Market implies +13.0%/yr
vs model +9.8% · above model
VSTD
Valuation N/A
Vestand Inc.
Price$0.00
Model IV—
P/IV—
Market implies -50.0%/yr
vs model +25.2% · below model
WEN
Deeply undervalued
Wendy's Co
Price$6.22
Model IV$32.51
P/IV0.24
Discount 81%
Return to IV: +422.7%
Market implies -14.8%/yr
vs model +9.7% · below model
WING
Deeply overvalued
Wingstop Inc.
Price$118.50
Model IV$72.07
P/IV1.36
Premium +64%
Return to IV: -39.2%
Market implies +17.6%/yr
vs model +13.2% · above model
YUM
Overvalued
YUM BRANDS INC
Price$143.00
Model IV$112.36
P/IV1.25
Premium +27%
Return to IV: -21.4%
Market implies +9.4%/yr
vs model +7.3% · in line
YUMC
Undervalued
Yum China Holdings, Inc.
Price$41.78
Model IV$57.20
P/IV0.74
Discount 27%
Return to IV: +36.9%
Market implies +3.5%/yr
vs model +9.5% · below model