Zacks Research Has Negative Outlook of CBRL FY2027 Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Zacks Research reduced their FY2027 EPS estimates for shares of Cracker Barrel Old Country Store in a research note issued on Monday, November 4th. Zacks Research analyst H. Ray now expects that the restaurant operator will earn $4.15 per share for the year, down from their prior estimate 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 earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The business 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 return on equity of 18.65% and a net margin of 1.18%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.79 earnings per share.

CBRL has been the topic of a number of other reports. Argus cut 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. UBS Group reduced 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 note on Thursday, September 19th. Bank of America lifted their target price on shares of 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. Finally, Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company 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 given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.57.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL opened at $49.32 on Thursday. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $83.51. The business’s fifty day moving average is $44.20 and its two-hundred day moving average is $45.53. The stock has a market capitalization of $1.09 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.31 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth $25,636,000. Duality Advisers LP raised its stake in shares of 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 in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 47.2% during the 1st quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator’s stock valued at $6,489,000 after buying an additional 28,627 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 57.1% in the 2nd quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock valued at $2,624,000 after buying an additional 22,658 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store in the third quarter worth approximately $1,016,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders 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 dividend on an annualized basis and a yield of 2.03%. Cracker Barrel Old Country Store’s payout ratio 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.