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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cracker Barrel Old Country Store in the last twelve months. There are currently 2 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street equities 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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7 Wall Street research analysts have issued twelve-month price targets for Cracker Barrel Old Country Store's shares. Their CBRL share price forecasts range from $90.00 to $115.00. On average, they expect the company's share price to reach $102.33 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price.
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Cracker Barrel Old Country Store's stock was trading at $128.64 on January 1st, 2022. Since then, CBRL shares have decreased by 26.3% and is now trading at $94.78.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
View our CBRL earnings forecast.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) posted its quarterly earnings results on Tuesday, September, 27th. The restaurant operator reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.19. The restaurant operator earned $830.40 million during the quarter, compared to the consensus estimate of $836.93 million. Cracker Barrel Old Country Store had a trailing twelve-month return on equity of 24.53% and a net margin of 4.04%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company earned $2.25 earnings per share.

Cracker Barrel Old Country Store announced a quarterly dividend on Tuesday, September 27th. Stockholders of record on Friday, October 21st will be paid a dividend of $1.30 per share on Tuesday, November 8th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date is Thursday, October 20th.
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 5.39%. CBRL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 91.71%. 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 79.88% 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 authorized a share repurchase program on Tuesday, June 7th 2022, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Cracker Barrel Old Country Store updated its FY 2023 earnings guidance on Tuesday, September, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.50 billion-$3.53 billion, compared to the consensus revenue estimate of $3.38 billion.

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."

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 $94.78.

Cracker Barrel Old Country Store (NASDAQ:CBRL) has a market capitalization of $2.10 billion and generates $3.27 billion in revenue each year. The restaurant operator earns $254.51 million in net income (profit) each year or $5.67 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.