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

5 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 3 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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5 Wall Street analysts have issued 1-year price targets for Cracker Barrel Old Country Store's stock. Their CBRL share price forecasts range from $94.00 to $115.00. On average, they anticipate the company's stock price to reach $105.17 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
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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 23.1% and is now trading at $98.87.
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Cracker Barrel Old Country Store saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,010,000 shares, a decline of 7.8% from the October 31st total of 2,180,000 shares. Based on an average daily volume of 450,500 shares, the days-to-cover ratio is presently 4.5 days. Approximately 9.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 20th 2023.
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Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) released its earnings results on Friday, December, 2nd. The restaurant operator reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by $0.28. The restaurant operator had revenue of $839.50 million for the quarter, compared to analyst estimates of $836.88 million. Cracker Barrel Old Country Store had a net margin of 4.04% and a trailing twelve-month return on equity of 24.53%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share.

Cracker Barrel Old Country Store declared a quarterly dividend on Tuesday, September 27th. Shareholders 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 5.26%. The ex-dividend date of this dividend 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 4.58%. 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 earnings estimates, CBRL will have a dividend payout ratio of 69.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CBRL.

Cracker Barrel Old Country Store declared that its board has authorized 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Cracker Barrel Old Country Store issued an update on its FY 2023 earnings guidance on Friday, December, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.46 billion-$3.53 billion, compared to the consensus revenue estimate of $3.49 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.42%), State Street Corp (3.39%), Macquarie Group Ltd. (2.43%), Dimensional Fund Advisors LP (2.12%), Bank of New York Mellon Corp (1.76%) and Balyasny Asset Management LLC (0.91%). 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 $98.87.

Cracker Barrel Old Country Store (NASDAQ:CBRL) has a market capitalization of $2.19 billion and generates $3.27 billion in revenue each year. The restaurant operator earns $131.88 million in net income (profit) each year or $5.67 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.