Q2 Earnings Estimate for CBRL Issued By Zacks Research

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Research analysts at Zacks Research dropped their Q2 2028 earnings per share (EPS) estimates for Cracker Barrel Old Country Store in a research report issued on Wednesday, March 18th. Zacks Research analyst Team now forecasts that the restaurant operator will earn $0.68 per share for the quarter, down from their previous forecast of $0.82. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $2.76 per share.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. The company had revenue of $874.82 million during the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. Cracker Barrel Old Country Store’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business earned $1.38 earnings per share.

Other research analysts have also issued reports about the stock. Gordon Haskett upgraded shares of Cracker Barrel Old Country Store to a “strong sell” rating in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, December 29th. Wells Fargo & Company lifted their price objective on Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Bank of America reduced their target price on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company in a research report on Friday, December 19th. Finally, Piper Sandler decreased their target price on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $37.75.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $28.11 on Friday. Cracker Barrel Old Country Store has a 1-year low of $24.85 and a 1-year high of $71.93. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $628.26 million, a PE ratio of -156.16 and a beta of 1.24. The firm’s 50 day simple moving average is $31.24 and its 200 day simple moving average is $34.09.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $2,776,000. TrueMark Investments LLC increased its position in shares of Cracker Barrel Old Country Store by 1,754.1% during the 3rd quarter. TrueMark Investments LLC now owns 105,925 shares of the restaurant operator’s stock valued at $4,667,000 after purchasing an additional 100,212 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at about $678,000. Allianz Asset Management GmbH lifted its position in Cracker Barrel Old Country Store by 66.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 456,278 shares of the restaurant operator’s stock worth $20,104,000 after buying an additional 182,533 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $2,505,000. Institutional investors own 96.01% of the company’s stock.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $25.56, for a total transaction of $1,083,744.00. Following the sale, the insider owned 2,240,200 shares in the company, valued at approximately $57,259,512. This trade represents a 1.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Friday, April 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. Cracker Barrel Old Country Store’s dividend payout ratio is presently -555.56%.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.