FY2024 Earnings Estimate for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Issued By Zacks Research

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Equities research analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for Cracker Barrel Old Country Store in a report issued on Thursday, June 13th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will earn $4.00 per share for the year, down from their previous forecast of $4.24. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $3.88 per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q3 2025 earnings at $0.63 EPS.

A number of other research firms have also issued reports on CBRL. UBS Group lowered their target price on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Piper Sandler lowered their target price on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, May 31st. Citigroup lowered their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, May 31st. Finally, Truist Financial lowered their target price on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.14.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL opened at $44.25 on Friday. The firm has a market capitalization of $982.35 million, a PE ratio of 16.33, a P/E/G ratio of 1.00 and a beta of 1.46. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The business has a 50-day moving average of $53.90 and a two-hundred day moving average of $66.55. Cracker Barrel Old Country Store has a 12 month low of $43.38 and a 12 month high of $98.60.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, topping the consensus estimate of $0.56 by $0.32. The company had revenue of $817.14 million during the quarter, compared to analyst estimates of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 earnings per share.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 191.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pathway Financial Advisers LLC bought a new position in Cracker Barrel Old Country Store during the 1st quarter worth approximately $301,000. Verity Asset Management Inc. bought a new position in Cracker Barrel Old Country Store during the 1st quarter worth approximately $322,000. Comerica Bank lifted its holdings in Cracker Barrel Old Country Store by 49.6% during the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock worth $935,000 after buying an additional 4,263 shares during the last quarter. Earnest Partners LLC lifted its holdings in Cracker Barrel Old Country Store by 0.4% during the 1st quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock worth $148,107,000 after buying an additional 7,587 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Cracker Barrel Old Country Store by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,028 shares of the restaurant operator’s stock worth $948,000 after buying an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.