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 2 sell ratings, 4 hold ratings and 2 buy 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 brokerages have issued 1-year price targets for Cracker Barrel Old Country Store's stock. Their CBRL share price forecasts range from $66.00 to $126.00. On average, they anticipate the company's stock price to reach $90.44 in the next year. This suggests a possible upside of 43.1% from the stock's current price.
View analysts price targets for CBRL or view top-rated stocks among Wall Street analysts.

Cracker Barrel Old Country Store's stock was trading at $94.74 on January 1st, 2023. Since then, CBRL shares have decreased by 33.3% and is now trading at $63.22.
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Cracker Barrel Old Country Store saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,020,000 shares, an increase of 20.2% from the August 31st total of 1,680,000 shares. Based on an average daily volume of 543,100 shares, the short-interest ratio is presently 3.7 days. Approximately 9.3% of the shares of the stock are short sold.
View Cracker Barrel Old Country Store's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, December 1st 2023.
View our CBRL earnings forecast.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced its quarterly earnings data on Wednesday, September, 13th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.11. The restaurant operator had revenue of $836.70 million for the quarter, compared to analysts' expectations of $841.59 million. Cracker Barrel Old Country Store had a trailing twelve-month return on equity of 25.24% and a net margin of 2.88%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS.

Cracker Barrel Old Country Store announced a quarterly dividend on Wednesday, September 13th. Investors of record on Friday, October 20th will be paid a dividend of $1.30 per share on Tuesday, November 7th. This represents a $5.20 annualized dividend and a yield of 8.23%. The ex-dividend date of this dividend is Thursday, October 19th.
Read our dividend analysis for CBRL.

ETFs with the largest weight of Cracker Barrel Old Country Store (NASDAQ:CBRL) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), WisdomTree U.S. SmallCap Dividend Fund (DES) and Avantis U.S. Small Cap Equity ETF (AVSC).SPDR S&P 600 Small Cap ETF (SLY).

Cracker Barrel Old Country Store (NASDAQ:CBRL) pays an annual dividend of $5.20 per share and currently has a dividend yield of 8.13%. CBRL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 116.85%. 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 80.62% 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 has approved a share repurchase plan on Tuesday, June 7th 2022, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 9.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Cracker Barrel Old Country Store updated its first quarter 2024 earnings guidance on Wednesday, September, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $800.00 million-$850.00 million, compared to the consensus revenue estimate of $848.54 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 a variety of institutional and retail investors. Top institutional shareholders include Earnest Partners LLC (8.51%), State Street Corp (3.81%), Charles Schwab Investment Management Inc. (3.01%), Dimensional Fund Advisors LP (2.27%), Geode Capital Management LLC (2.02%) and Bank of New York Mellon Corp (1.66%). Insiders that own company stock include 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 $63.22.

Cracker Barrel Old Country Store (NASDAQ:CBRL) has a market capitalization of $1.40 billion and generates $3.44 billion in revenue each year. The restaurant operator earns $99.05 million in net income (profit) each year or $4.45 on an earnings per share basis.

The company employs 73,000 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.