I feel bad for this chain, but I have to tell you this good-pub-food expansion is probably over, and that is fantastic for Brinker (EAT) or Buffalo Wild Wings (BWLD) or Darden (DRI) (Red Lobster/Olive Garden), or Chipotle Mexican Grille (CMG) and Panera (PNRA) for that matter.

That means you can make a lot more money on the oil-user side: retail like Kohls (KSS), J.C. Penney's (JCP) and Macy's (M); restaurants like Brinker (EAT) and Darden (DRI); apparel like Jones (JNY), VF Corp. (VFC) and Nike (NKE); as well as anything that goes into Best Buy (BBY).

The consumer cannot stand $3 gasoline, as the whole rally in the Darden (DRI)/Brinker (EAT) cohort was on the backs of the lower price of gasoline.

Strong manufacturer with good financials

Cramer: First-Quarter Surprises: Jim Cramer points out the upside and downside surprises for the coming earnings season.
Click here to watch the video.

First, the retail sales numbers was better than expected as reflected in the results from Wal-Mart (WMT) and at casual dining establishments like Brinker (EAT) and Darden (DRI). He said the consumer has risen from the dead.

Fitzpatrick sees Brinker as a company with big downside potential. “You’ve got to pass on here just as a matter of discipline,” he said, “You can watch this one – that’s fine – but I’d only be willing to ‘eat’ at Brinker’s, so to speak, at around $8.”

Goldman said it is upgrading Brinker (EAT) to neutral from sell based on balanced risk reward following recent selloff. Believe management has capitulated on company's earnings outlook over the next year. Price target at $13.

Cramer: This Is Restaurant Darwinism:
In 18 months, strong companies are going to see significant gains while the weaker eateries hit rock bottom and go out of business, says Jim Cramer.

Click here to watch the video.

I believe the best restaurant chains that are not fast food, notably Darden (DRI) and Panera (PNRA), can be bought, but you are going to have a lag between the pump's decline and now, and that will make these much more dicey. Brinker (EAT) just reported a decent number, add that to the list. I would love to buy Yum! Brands (YUM), but the commodity lag won't let them have a good quarter, although they have already tempered expectations.