What is Zacks Research's Forecast for CBRL Q2 Earnings?

Key Points

• Zacks Research raised its Q2 2027 EPS forecast for Cracker Barrel to $0.63 from $0.55 and maintains a “Strong-Buy” rating; consensus full-year EPS is $0.01.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $48.14, below the stock’s recent $58.27 price.
• Cracker Barrel recently beat quarterly expectations, reporting $0.29 EPS versus consensus of a $0.45 loss and revenue of $797.37 million versus estimates of $776.69 million.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) - Zacks Research increased their Q2 2027 earnings estimates for shares of Cracker Barrel Old Country Store in a report released on Tuesday, August 25th. Zacks Research analyst Team now expects that the restaurant operator will post earnings of $0.63 per share for the quarter, up from their previous estimate of $0.55. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Cracker Barrel Old Country Store's current full-year earnings is $0.01 per share.

A number of other equities analysts have also weighed in on CBRL. Piper Sandler reiterated a "neutral" rating and set a $51.00 target price on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 22nd. Bank of America upped their price objective on Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. Citigroup lifted their target price on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, July 21st. Finally, Argus lifted their target price on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and a consensus price target of $48.14.

Cracker Barrel Old Country Store Trading Up 0.4%

Shares of NASDAQ:CBRL opened at $58.27 on Wednesday. Cracker Barrel Old Country Store has a 12-month low of $24.85 and a 12-month high of $63.15. The business has a 50 day moving average of $53.64 and a 200-day moving average of $39.21. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.30 billion, a PE ratio of 50.23 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of ($0.45) by $0.74. The business had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. Cracker Barrel Old Country Store's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at $37,000. Caitong International Asset Management Co. Ltd bought a new position in Cracker Barrel Old Country Store in the third quarter valued at approximately $26,000. Axiom Investment Management LLC bought a new position in Cracker Barrel Old Country Store in the first quarter valued at approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $35,000. Finally, PNC Financial Services Group Inc. raised its position in Cracker Barrel Old Country Store by 22.0% during 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 in the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Company Profile

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.

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