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

7 Wall Street 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 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 brokerages have issued 1-year price targets for Cracker Barrel Old Country Store's shares. Their CBRL share price forecasts range from $94.00 to $115.00. On average, they expect the company's stock price to reach $103.33 in the next twelve months. This suggests a possible upside of 6.3% 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 shares have decreased by 24.4% and is now trading at $97.23.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 27th 2022.
View our CBRL earnings forecast.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) posted its earnings results on Tuesday, September, 27th. The restaurant operator reported $1.57 EPS for the quarter, topping the consensus estimate of $1.38 by $0.19. The restaurant operator had revenue of $830.40 million for 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 25.85% and a net margin of 4.19%. Cracker Barrel Old Country Store's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 earnings per share.

Cracker Barrel Old Country Store announced a quarterly dividend on Tuesday, September 27th. Investors 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 annualized dividend and a dividend yield of 5.35%.
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 5.32%. 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 announced that its Board of Directors has approved a stock repurchase plan on Tuesday, June 7th 2022, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 9.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are 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."

Cracker Barrel Old Country Store's stock is owned by a number of retail and institutional investors. Top institutional investors include Macquarie Group Ltd. (3.48%), State Street Corp (3.28%), AQR Capital Management LLC (1.63%), Northern Trust Corp (1.32%), Wolf Hill Capital Management LP (1.30%) and William Blair Investment Management LLC (1.10%). Insiders that own company stock include Carl T Berquist and Laura A Daily.
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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 $97.23.

Cracker Barrel Old Country Store (NASDAQ:CBRL) has a market capitalization of $2.22 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.