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We have 3 kids. We probably save $50+ every meal by eating at home.
We are down to 2 now (blended family, most we had at home at once was 7, with 4 of those teenagers, who can EAT but can also work part time so cost is offset). You are probably right, I just made a decision to not squinch on groceries, that's not where we try to save money so it always feels indulgent. I do grow some food, more for health/quality than savings.
But yeah we went out last night (just the two of us) for supper and a drink and it set us back about 4 whole days of groceries, that's 4 breakfasts, 12 lunches, 16 suppers (not everyone eats every meal, but we all eat supper together usually). So yes. Even with expensive groceries we can feed 4 for the price of 1, same quality food.