Zacks Research Has Bullish Estimate for CBRL Q2 Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Zacks Research increased their Q2 2027 earnings estimates for shares of Cracker Barrel Old Country Store in a research report issued on Tuesday, August 25th. Zacks Research analyst Team now expects that the restaurant operator will earn $0.63 per share for the quarter, up from their prior forecast of $0.55. 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 $0.01 per share.

A number of other equities research analysts have also weighed in on CBRL. Argus boosted their price objective on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. Weiss Ratings raised Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Citigroup upped their price target on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned 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 has a consensus rating of “Hold” and an average target price of $48.14.

Cracker Barrel Old Country Store Stock Up 0.4%

Shares of NASDAQ:CBRL opened at $58.27 on Wednesday. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $63.15. The company has a market capitalization of $1.30 billion, a PE ratio of 50.23 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. The company has a fifty day moving average of $53.64 and a 200-day moving average of $39.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.74. The firm had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CBRL. California State Teachers Retirement System lifted its stake in shares of Cracker Barrel Old Country Store by 6,939.3% in the 2nd quarter. California State Teachers Retirement System now owns 1,297,269 shares of the restaurant operator’s stock valued at $69,144,000 after purchasing an additional 1,278,840 shares during the period. Alliancebernstein L.P. grew its stake in Cracker Barrel Old Country Store by 1,068.2% during the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock worth $74,655,000 after purchasing an additional 1,117,617 shares during the period. Franklin Resources Inc. increased its holdings in Cracker Barrel Old Country Store by 13,737.1% in the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store in the second quarter worth approximately $43,930,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cracker Barrel Old Country Store in the second quarter worth approximately $11,152,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.