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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cracker Barrel Old Country Store in the last twelve months. There are currently 3 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street 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 12-month price targets 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 share price to reach $107.00 in the next year. This suggests that the stock has a possible downside of 2.1%.
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Cracker Barrel Old Country Store's stock was trading at $128.64 at the start of the year. Since then, CBRL shares have decreased by 15.1% and is now trading at $109.25.
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The company 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 data on Tuesday, June, 7th. The restaurant operator reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.08. The restaurant operator earned $790.20 million during 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 firm's revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 EPS.

Cracker Barrel Old Country Store announced a quarterly dividend on Tuesday, June 7th. Investors 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 4.76%. 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 4.72%. 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 authorized a stock repurchase plan on Tuesday, June 7th 2022, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase 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 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 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 a variety of institutional and retail 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, 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 $109.25.

Cracker Barrel Old Country Store (NASDAQ:CBRL) has a market capitalization of $2.49 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.