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Takeaway: Prices at the grocery store are rising faster than they are at restaurants. Here's what that means.

We have a favorable data point for restaurants, says Hedgeye's Restaurants sector team.

The restaurant value spread, which measures the difference between food at home and food away from home, has widened over the past three months.

In the past, we've seen evidence that when this spread widens, same-store sales for many restaurants improves.

Check out this chart below.

Food for Thought in the Restaurants Sector - Restaurant Value Spread