Zacks Research Has Negative Outlook of CBRL FY2027 Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Equities researchers at Zacks Research cut their FY2027 earnings per share (EPS) estimates for shares of Cracker Barrel Old Country Store in a report released 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 forecast of $4.67. 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 released its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million during 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 business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $1.79 earnings per share.

A number of other research firms have also weighed in on CBRL. 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 research report on Thursday, September 19th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Truist Financial upped their target price on 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 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 note on Friday, September 20th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $53.57.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $50.82 on Thursday. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51. 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. The company’s 50-day moving average is $44.01 and its two-hundred day moving average is $45.51. 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 Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter worth $25,636,000. Duality Advisers LP boosted its position in Cracker Barrel Old Country Store by 196.5% during the 1st quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock worth $3,704,000 after purchasing an additional 33,751 shares during the period. Advisors Asset Management Inc. increased its holdings in Cracker Barrel Old Country Store by 47.2% in the 1st 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 in the last quarter. AQR Capital Management LLC raised its position in Cracker Barrel Old Country Store by 57.1% in the second quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock valued at $2,624,000 after purchasing an additional 22,658 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth about $1,016,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

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.