Zacks Research Issues Pessimistic Estimate for CBRL Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Research analysts at Zacks Research cut their Q1 2027 earnings per share estimates for Cracker Barrel Old Country Store in a research note issued on Monday, November 4th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will post earnings per share of $0.45 for the quarter, down from their previous estimate of $0.54. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $2.94 per share.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The business had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.79 EPS.

A number of other research analysts have also weighed in on the company. Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Loop Capital lowered their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. UBS Group cut their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.57.

Cracker Barrel Old Country Store Stock Up 7.1 %

Shares of NASDAQ CBRL opened at $50.82 on Wednesday. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The company’s 50-day simple moving average is $44.01 and its 200-day simple moving average is $45.51. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.42.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRL. Versor Investments LP acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at about $209,000. Verity Asset Management Inc. boosted its position in shares of Cracker Barrel Old Country Store by 138.1% during the 3rd quarter. Verity Asset Management Inc. now owns 12,258 shares of the restaurant operator’s stock worth $556,000 after purchasing an additional 7,109 shares during the period. US Bancorp DE increased its holdings in Cracker Barrel Old Country Store by 365.0% in the 3rd quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator’s stock valued at $147,000 after purchasing an additional 2,548 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Cracker Barrel Old Country Store by 12.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,538 shares of the restaurant operator’s stock valued at $627,000 after purchasing an additional 1,462 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $1,016,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 1.97%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 54.35%.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.