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 2 sell ratings, 4 hold ratings and 2 buy 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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8 Wall Street research analysts have issued 1-year price targets for Cracker Barrel Old Country Store's shares. Their CBRL share price forecasts range from $92.00 to $130.00. On average, they anticipate the company's stock price to reach $110.00 in the next twelve months. 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 $94.74 on January 1st, 2023. Since then, CBRL shares have increased by 18.7% and is now trading at $112.41.
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Cracker Barrel Old Country Store saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,260,000 shares, an increase of 9.7% from the February 28th total of 2,060,000 shares. Based on an average trading volume of 490,300 shares, the short-interest ratio is currently 4.6 days. Currently, 10.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
View our CBRL earnings forecast.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced its quarterly earnings results on Tuesday, February, 28th. The restaurant operator reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.12. The restaurant operator had revenue of $933.90 million for the quarter, compared to analyst estimates of $917.47 million. Cracker Barrel Old Country Store had a net margin of 3.20% and a trailing twelve-month return on equity of 23.55%. The firm's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 earnings per share.

Cracker Barrel Old Country Store declared a quarterly dividend on Tuesday, February 28th. Shareholders of record on Friday, April 14th will be paid a dividend of $1.30 per share on Tuesday, May 9th. This represents a $5.20 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, April 13th.
Read our dividend analysis for CBRL.

ETFs with the largest weight of Cracker Barrel Old Country Store (NASDAQ:CBRL) stock in their portfolio include WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), AdvisorShares Restaurant ETF (EATZ), WisdomTree U.S. SmallCap Dividend Fund (DES), iShares S&P Small-Cap 600 Value ETF (IJS), First Trust Small Cap Growth AlphaDEX Fund (FYC), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and Franklin U.S. Small Cap Multifactor Index ETF (FLQS).

Cracker Barrel Old Country Store (NASDAQ:CBRL) pays an annual dividend of $5.20 per share and currently has a dividend yield of 4.66%. CBRL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 108.33%. 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 74.61% 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 announced that its Board of Directors has authorized a stock repurchase program 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 purchase up to 9.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Cracker Barrel Old Country Store issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.50 billion-$3.56 billion, compared to the consensus revenue estimate of $3.48 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 many different retail and institutional investors. Top institutional shareholders include Earnest Partners LLC (8.60%), Bank of America Corp DE (3.16%), Macquarie Group Ltd. (2.33%), Dimensional Fund Advisors LP (2.08%), Geode Capital Management LLC (1.88%) and Charles Schwab Investment Management Inc. (1.48%).
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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 $112.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL) has a market capitalization of $2.49 billion and generates $3.27 billion in revenue each year. The restaurant operator earns $131.88 million in net income (profit) each year or $4.80 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.