Zacks Research Has Negative Outlook for CBRL FY2027 Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Stock analysts at Zacks Research decreased their FY2027 earnings estimates for shares of Cracker Barrel Old Country Store in a research report issued to clients and investors on Wednesday, May 27th. Zacks Research analyst Team now forecasts that the restaurant operator will earn $0.74 per share for the year, down from their previous estimate of $0.77. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is ($1.07) per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q4 2027 earnings at $0.47 EPS, Q2 2028 earnings at $0.59 EPS and Q3 2028 earnings at $0.32 EPS.

CBRL has been the subject of several other research reports. Freedom Capital raised shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research note on Monday, April 6th. Citigroup lifted their target price on shares of Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, March 5th. Wells Fargo & Company lifted their target price on shares of Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $37.75.

Cracker Barrel Old Country Store Stock Up 3.8%

Shares of NASDAQ CBRL opened at $34.57 on Thursday. Cracker Barrel Old Country Store has a 12-month low of $24.85 and a 12-month high of $71.93. The stock has a market cap of $772.64 million, a PE ratio of -192.04 and a beta of 1.29. 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 company has a 50-day moving average of $29.63 and a 200 day moving average of $29.56.

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

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRL. Caitong International Asset Management Co. Ltd purchased a new stake in Cracker Barrel Old Country Store in the third quarter valued at approximately $26,000. Axiom Investment Management LLC purchased a new stake in Cracker Barrel Old Country Store in the first quarter valued at approximately $28,000. Hilton Head Capital Partners LLC purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $35,000. Canada Pension Plan Investment Board purchased a new stake in Cracker Barrel Old Country Store in the second quarter valued at approximately $37,000. Finally, PNC Financial Services Group Inc. raised its position in Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 321 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

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.