Zacks Research Analysts Decrease Earnings Estimates for CBRL

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) - Research analysts at Zacks Research cut their Q1 2027 earnings estimates for Cracker Barrel Old Country Store in a note issued to investors on Monday, November 4th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will post earnings of $0.45 per share for the quarter, down from their prior 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 - Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.79 EPS.

Several other equities analysts have also weighed in on the stock. Argus lowered shares of Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Bank of America raised their price target on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an "underperform" rating in a research report on Friday, September 20th. Truist Financial upped their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a "hold" rating in a report on Friday, September 20th. UBS Group decreased their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday, September 19th. Finally, StockNews.com upgraded shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and an average target price of $53.57.

Cracker Barrel Old Country Store Trading Up 7.1 %

CBRL stock traded up $3.39 during midday trading on Wednesday, reaching $50.82. The stock had a trading volume of 783,461 shares, compared to its average volume of 733,392. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.34 and a beta of 1.42. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month 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 business has a fifty day simple moving average of $44.01 and a two-hundred day simple moving average of $45.51.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be given a $0.25 dividend. 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 is currently 54.35%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. boosted its position in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator's stock worth $25,000 after buying an additional 400 shares during the period. CWM LLC grew its stake in shares of Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $45,000. GAMMA Investing LLC lifted its position in shares of Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator's stock worth $54,000 after purchasing an additional 1,051 shares in the last quarter. Finally, nVerses Capital LLC boosted its holdings in Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator's stock worth $80,000 after purchasing an additional 1,500 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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.