Well, that was fast.
Just one week after revealing a new logo that was nearly universally panned, Cracker Barrel Old Country Store (NASDAQ: CBRL) announced on Tuesday that it was scrapping its plans to change the logo. On Wednesday, the company’s shares — which had tumbled more than 10% after the new logo was revealed — had rebounded by 8.0% by the time the closing bell rang.
For investors who bought the dip, it’s a pretty good outcome. But is it too late for everyone else to buy in?