Cracker Barrel Old Country Store - CBRL Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cracker Barrel Old Country Store in the last year. There are currently 3 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CBRL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CBRL, but not buy additional shares or sell existing shares.
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8 analysts have issued 12-month target prices for Cracker Barrel Old Country Store's shares. Their CBRL share price forecasts range from $94.00 to $139.00. On average, they expect the company's stock price to reach $107.00 in the next year. This suggests a possible upside of 0.7% from the stock's current price.
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Cracker Barrel Old Country Store's stock was trading at $128.64 at the beginning of 2022. Since then, CBRL stock has decreased by 17.4% and is now trading at $106.26.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 20th 2022.
View our CBRL earnings forecast.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) posted its quarterly earnings results on Tuesday, June, 7th. The restaurant operator reported $1.29 EPS for the quarter, topping the consensus estimate of $1.21 by $0.08. The restaurant operator had revenue of $790.20 million for the quarter, compared to analyst estimates of $793.96 million. Cracker Barrel Old Country Store had a net margin of 4.19% and a trailing twelve-month return on equity of 25.85%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 earnings per share.

Cracker Barrel Old Country Store declared a quarterly dividend on Tuesday, June 7th. Stockholders of record on Friday, July 15th will be paid a dividend of $1.30 per share on Friday, August 5th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, July 14th.
Read our dividend analysis for CBRL.

Cracker Barrel Old Country Store (NASDAQ:CBRL) pays an annual dividend of $5.20 per share and currently has a dividend yield of 5.23%. CBRL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 90.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CBRL will have a dividend payout ratio of 85.81% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CBRL.

Cracker Barrel Old Country Store declared that its Board of Directors has approved a stock repurchase plan on Tuesday, June 7th 2022, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 9.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Cracker Barrel Old Country Store issued an update on its fourth quarter 2022 earnings guidance on Tuesday, July, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $847.16 million-$847.16 million, compared to the consensus revenue estimate of $854.84 million.

1,243 employees have rated Cracker Barrel Old Country Store Chief Executive Officer Sandra B. Cochran on Glassdoor.com. Sandra B. Cochran has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cracker Barrel Old Country Store investors own include CA (CA), BlackRock (BLK), AT&T (T), AbbVie (ABBV), Chipotle Mexican Grill (CMG), Johnson & Johnson (JNJ), Endologix (ELGX), Micron Technology (MU), Brinker International (EAT) and QUALCOMM (QCOM).

Cracker Barrel Old Country Store trades on the NASDAQ under the ticker symbol "CBRL."

Cracker Barrel Old Country Store's stock is owned by many different institutional and retail investors. Top institutional shareholders include William Blair Investment Management LLC (1.10%), Olstein Capital Management L.P. (0.41%), Principal Financial Group Inc. (0.41%), Russell Investments Group Ltd. (0.36%), Hodges Capital Management Inc. (0.32%) and Deutsche Bank AG (0.25%). Insiders that own company stock include Carl T Berquist, Laura A Daily and Sandra B Cochran.
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Shares of CBRL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CBRL stock can currently be purchased for approximately $106.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) has a market capitalization of $2.42 billion and generates $2.82 billion in revenue each year. The restaurant operator earns $254.51 million in net income (profit) each year or $5.73 on an earnings per share basis.

The company employs 70,000 workers across the globe.

Cracker Barrel Old Country Store's mailing address is 305 HARTMANN DRIVE, LEBANON TN, 37087. The official website for the company is www.crackerbarrel.com. The restaurant operator can be reached via phone at (615) 444-5533 or via fax at 615-443-9818.