Zacks Research Has Pessimistic View of CBRL FY2027 Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) - Equities research analysts at Zacks Research dropped their FY2027 earnings estimates for Cracker Barrel Old Country Store in a report issued on Monday, November 4th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will post earnings of $4.15 per share for the year, down from their previous estimate of $4.67. The consensus estimate for Cracker Barrel Old Country Store's current full-year earnings is $2.94 per share.

Several other equities research analysts have also recently weighed in on the stock. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Argus lowered shares of Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Loop Capital reduced their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating for the company in a research note on Friday, September 20th. Truist Financial raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, Bank of America lifted their price target on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an "underperform" rating in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $53.57.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL traded down $1.49 during trading on Thursday, reaching $49.33. The company had a trading volume of 323,302 shares, compared to its average volume of 731,071. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $83.51. The company has a fifty day moving average of $44.01 and a two-hundred day moving average of $45.51. The stock has a market capitalization of $1.10 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.31 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). The company had revenue of $894.39 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.79 earnings per share.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 0.3% during the first quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator's stock worth $190,263,000 after purchasing an additional 6,804 shares during the last quarter. Earnest Partners LLC boosted its holdings in Cracker Barrel Old Country Store by 0.4% in the first quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator's stock valued at $148,107,000 after acquiring an additional 7,587 shares during the last quarter. Marshall Wace LLP purchased a new position in Cracker Barrel Old Country Store in the second quarter valued at about $25,636,000. Advisors Asset Management Inc. raised its position in Cracker Barrel Old Country Store by 47.2% in the first quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator's stock valued at $6,489,000 after purchasing an additional 28,627 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Cracker Barrel Old Country Store by 2.5% during the second quarter. Rhumbline Advisers now owns 76,452 shares of the restaurant operator's stock worth $3,223,000 after acquiring an additional 1,854 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, October 18th. Cracker Barrel Old Country Store's payout ratio is currently 54.35%.

Cracker Barrel Old Country Store Company Profile

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.