Zacks Research Issues Negative Outlook for CBRL Earnings

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Cracker Barrel to a loss of $0.34 from a prior loss of $0.27, signaling a more negative near-term earnings outlook.
• Full-year and longer-term forecasts were also trimmed, including FY2026 EPS now expected at a loss of $0.96, with additional cuts across several future quarters and fiscal years.
• Wall Street sentiment remains cautious: the stock’s consensus rating is currently “Hold,” with an average price target of $37.75, while shares recently traded at $34.22.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) - Research analysts at Zacks Research lowered their Q3 2026 earnings estimates for Cracker Barrel Old Country Store in a research report issued to clients and investors on Wednesday, May 27th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings per share of ($0.34) for the quarter, down from their prior forecast of ($0.27). 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 2026 earnings at ($0.13) EPS, FY2026 earnings at ($0.96) EPS, Q1 2027 earnings at ($0.25) EPS, Q2 2027 earnings at $0.46 EPS, Q3 2027 earnings at $0.06 EPS, Q1 2028 earnings at ($0.11) EPS and FY2028 earnings at $1.54 EPS.

CBRL has been the topic of a number of other research reports. Citigroup lifted their price target on shares of Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the stock a "sell" rating in a report on Thursday, March 5th. UBS Group lifted their price target on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Freedom Capital upgraded shares of Cracker Barrel Old Country Store to a "strong-buy" rating in a report on Monday, April 6th. Wall Street Zen lowered shares of Cracker Barrel Old Country Store from a "sell" rating to a "strong sell" rating in a report on Sunday, April 19th. Finally, Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. One 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, the company presently has an average rating of "Hold" and a consensus price target of $37.75.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $34.22 on Friday. The firm has a market cap of $764.82 million, a PE ratio of -190.10 and a beta of 1.29. The firm's fifty day moving average is $29.73 and its 200-day moving average is $29.58. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.18 and a current ratio of 0.49. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.35. The company had revenue of $874.82 million for 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 quarter in the previous year, the business earned $1.38 earnings per share.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently bought and sold shares of CBRL. Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store in the third quarter valued at $26,000. Axiom Investment Management LLC acquired a new position in Cracker Barrel Old Country Store in the first quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new position in Cracker Barrel Old Country Store in the fourth quarter valued at $35,000. Canada Pension Plan Investment Board acquired a new position in Cracker Barrel Old Country Store in the second quarter valued at $37,000. Finally, PNC Financial Services Group Inc. increased its stake 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 in the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.

Trending Headlines about Cracker Barrel Old Country Store

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Zacks Research lifted its Q2 2027 EPS estimate to $0.46 from $0.27, signaling a better outlook for that period.
• Positive Sentiment: Q1 2027 EPS was nudged higher to a loss of $0.25 from a loss of $0.27, a small improvement in the near-term forecast.
• Neutral Sentiment: A separate article highlighted “15 Cracker Barrel Chocolate Bars To Look For During Your Next Visit,” which appears more consumer-interest oriented than material to earnings. Article Title
• Negative Sentiment: Analysts cut FY2026 EPS estimates to a loss of $0.96 from a prior loss of $0.75, implying a weaker near-term profit outlook.
• Negative Sentiment: Q3 2026 EPS was lowered to a loss of $0.34 from a loss of $0.27, and Q4 2026 EPS was cut to a loss of $0.13 from near breakeven, both suggesting continued pressure on operations.
• Negative Sentiment: Longer-term estimates were also trimmed, including Q3 2027, Q4 2027, Q2 2028, Q3 2028, FY2027, and FY2028, which may weigh on valuation expectations for Cracker Barrel Old Country Store, Inc. NASDAQ: CBRL.

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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