Cracker Barrel Old Country Store (NASDAQ:CBRL) Announces Quarterly Earnings Results

Key Points

• Cracker Barrel Old Country Store reported earnings of $0.74 per share for the quarter, falling short of analysts' expectations by $0.04.
• The company's stock fell by 3.2% to $49.55, with trading volumes significantly higher than average.
• Analysts have adjusted price targets for Cracker Barrel, with a consensus target price of $55.43 and varying recommendations from "buy" to "sell."

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) posted its earnings results on Wednesday. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03), Zacks reports. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. During the same quarter last year, the firm earned $0.98 earnings per share. The business's revenue was down 2.9% compared to the same quarter last year. Cracker Barrel Old Country Store updated its FY 2026 guidance to EPS.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock traded down $1.62 during trading on Wednesday, reaching $49.59. The company's stock had a trading volume of 2,639,894 shares, compared to its average volume of 1,969,628. The company has a 50-day moving average price of $59.25 and a two-hundred day moving average price of $52.76. Cracker Barrel Old Country Store has a fifty-two week low of $33.85 and a fifty-two week high of $71.93. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. The firm has a market cap of $1.10 billion, a PE ratio of 19.22 and a beta of 1.41.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several recent analyst reports. UBS Group reissued a "neutral" rating and issued a $69.00 price target (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Loop Capital upped their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Citigroup upped their target price on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a "sell" rating in a report on Monday, September 8th. Truist Financial dropped their target price on shares of Cracker Barrel Old Country Store from $65.00 to $62.00 and set a "buy" rating for the company in a report on Monday. Finally, Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average price target of $55.43.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the business. Hudson Bay Capital Management LP purchased a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at approximately $3,353,000. Public Sector Pension Investment Board increased its stake in shares of Cracker Barrel Old Country Store by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 75,805 shares of the restaurant operator's stock valued at $4,630,000 after acquiring an additional 5,210 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Cracker Barrel Old Country Store by 331.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,973 shares of the restaurant operator's stock valued at $182,000 after acquiring an additional 2,284 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Cracker Barrel Old Country Store by 95.5% during the 2nd quarter. State of Tennessee Department of Treasury now owns 10,670 shares of the restaurant operator's stock valued at $652,000 after acquiring an additional 5,211 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Cracker Barrel Old Country Store by 8.4% during the 2nd quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator's stock valued at $409,000 after acquiring an additional 519 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

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.