What is Zacks Research’s Estimate for CBRL FY2027 Earnings?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Equities research analysts at Zacks Research lowered their FY2027 EPS estimates for Cracker Barrel Old Country Store in a report released on Monday, November 4th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will earn $4.15 per share for the year, down from their previous forecast of $4.67. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $2.94 per share.

Several other research firms have also commented on CBRL. Bank of America lifted their price target on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday, September 20th. Argus lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Truist Financial increased their target price on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. UBS Group dropped their price target on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $53.57.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $50.82 on Thursday. The stock’s 50-day moving average is $44.01 and its two-hundred day moving average is $45.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $83.51. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.34 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The company had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same quarter in the previous year, the company posted $1.79 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cracker Barrel Old Country Store by 37.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,791 shares of the restaurant operator’s stock valued at $1,294,000 after buying an additional 4,880 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Cracker Barrel Old Country Store by 54.0% during the first quarter. BNP Paribas Financial Markets now owns 44,609 shares of the restaurant operator’s stock worth $3,244,000 after purchasing an additional 15,634 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Cracker Barrel Old Country Store by 6.1% during the first quarter. Janney Montgomery Scott LLC now owns 18,396 shares of the restaurant operator’s stock worth $1,338,000 after purchasing an additional 1,064 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in Cracker Barrel Old Country Store by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock valued at $1,412,000 after purchasing an additional 274 shares during the last quarter. Finally, Duality Advisers LP increased its position in shares of Cracker Barrel Old Country Store by 196.5% in the first quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock valued at $3,704,000 after buying an additional 33,751 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 54.35%.

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.