Consumer Losing Their Appetite For Eating Out?

Cracker Barrel Old Country Store, Inc. CBRL shares are trading lower by $10 (6.6 percent) at $142.03. The catalyst for the decline is a Q4 miss and guidance cut. The issue is now $26 from its all-time-high ($169.64) made in June.

The casual restaurant operator isn't the only one in the sector undergoing some tough times.

Look no further than Bob Evans Farms Inc BOBE, which is changing hands at $38.08 in Wednesday's session. That is considerably off its yearly-high of $48.24 made in April and well off its all-time-high of $60.15 made in March 2015. It should be noted that the issue did get a nice pop off its $0.04 Q1 beat, but has now relinquished all off its gains accrued from the report.

Another widely-followed issue in the restaurant sector, but more of the fast food arena that has been selling pressure as of late, is McDonald's Corporation MCD. The Wall Street darling from earlier in the year has put in a dismal relative performance since early May.

As the broad market has rebounded from Brexit lows, the issue is now trading below its low from from June 27 of $116.08 at $115.43. That's over $16 from its all-time-high made in May at $131.96.

It's also dangerously close to breaching its major support at the $114 area, which has been prevented the issue to sliding to the $110 area that acted as support in mid-November.