Equities Analysts Set Expectations for CBRL Q3 Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Stock analysts at Zacks Research raised their Q3 2027 earnings estimates for Cracker Barrel Old Country Store in a report released on Wednesday, October 7th. Zacks Research analyst Team now forecasts that the restaurant operator will earn $0.36 per share for the quarter, up from their prior estimate of $0.26. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $1.45 per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q2 2028 earnings at $0.75 EPS, Q3 2028 earnings at $0.44 EPS, FY2028 earnings at $1.81 EPS and FY2029 earnings at $2.52 EPS.

A number of other research firms have also issued reports on CBRL. Piper Sandler reaffirmed a “neutral” rating and set a $51.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Weiss Ratings cut Cracker Barrel Old Country Store from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Wall Street Zen raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.86.

Cracker Barrel Old Country Store Stock Up 0.1%

Shares of CBRL opened at $56.40 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.24 and a current ratio of 0.58. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $60.26. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 1.44 and a beta of 1.21. The stock has a 50 day moving average price of $53.94 and a 200 day moving average price of $43.76.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, September 23rd. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.17 by $0.82. The company had revenue of $849.34 million during the quarter, compared to analyst estimates of $834.57 million. Cracker Barrel Old Country Store had a return on equity of 4.01% and a net margin of 0.95%.Cracker Barrel Old Country Store’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Axiom Investment Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Cracker Barrel Old Country Store by 107.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,246 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 645 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $35,000. PNC Financial Services Group Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 22.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 321 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth about $91,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, SVP Donna Roberts sold 3,500 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $52.08, for a total transaction of $182,280.00. Following the sale, the senior vice president directly owned 43,702 shares in the company, valued at approximately $2,276,000.16. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Friday, October 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 71.43%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with country-themed retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve Southern-inspired comfort food, including breakfast items, lunch and dinner entrées, biscuits, desserts and beverages. The retail stores offer home décor, apparel, gifts, seasonal merchandise, toys and other products with a traditional country and Americana theme.

Founded in 1969 by Dan Evins, Cracker Barrel opened its first location in Lebanon, Tennessee.