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" Cracker Barrel Old Country Store stock. 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 price objectives for Cracker Barrel Old Country Store's shares. Their CBRL stock forecasts range from $94.00 to $139.00. On average, they expect Cracker Barrel Old Country Store's share price to reach $107.00 in the next year. This suggests a possible upside of 10.8% 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 24.9% and is now trading at $96.58.
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Cracker Barrel Old Country Store is scheduled to release its next quarterly earnings announcement on Tuesday, September 20th 2022.
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Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) released its quarterly earnings results on Tuesday, June, 7th. The restaurant operator reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.08. The restaurant operator earned $790.20 million during the quarter, compared to analysts' expectations 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%. Cracker Barrel Old Country Store's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 earnings per share.

Cracker Barrel Old Country Store declared a quarterly dividend on Tuesday, June 7th. Shareholders 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 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Thursday, July 14th.
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Cracker Barrel Old Country Store(NASDAQ:CBRL) pays an annual dividend of $5.20 per share and currently has a dividend yield of 5.38%. CBRL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Cracker Barrel Old Country Store is 90.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Cracker Barrel Old Country Store will have a dividend payout ratio of 85.81% in the coming year. This indicates that Cracker Barrel Old Country Store may not be able to sustain their current dividend.
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Cracker Barrel Old Country Store announced that its Board of Directors has authorized a share buyback program on Tuesday, June 7th 2022, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 9.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Cracker Barrel Old Country Store updated 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 CEO Sandra B. Cochran on Glassdoor.com. Sandra B. Cochran has an approval rating of 71% among Cracker Barrel Old Country Store'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 number of retail and institutional investors. Top institutional shareholders include Olstein Capital Management L.P. (0.41%), Russell Investments Group Ltd. (0.36%), Hodges Capital Management Inc. (0.32%), Miller Howard Investments Inc. NY (0.24%), Scout Investments Inc. (0.23%) and NewSquare Capital LLC (0.20%). Company insiders that own Cracker Barrel Old Country Store stock include Carl T Berquist, Laura A Daily, Sandra B Cochran and Sardar Biglari.
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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 $96.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL) has a market capitalization of $2.20 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.

Cracker Barrel Old Country Store 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 Cracker Barrel Old Country Store is www.crackerbarrel.com. The restaurant operator can be reached via phone at (615) 444-5533 or via fax at 615-443-9818.