Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 8.7% – Time to Buy?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shot up 8.7% during trading on Wednesday . The company traded as high as $35.67 and last traded at $36.2150. 381,986 shares were traded during trading, a decline of 69% from the average session volume of 1,229,833 shares. The stock had previously closed at $33.31.

More Cracker Barrel Old Country Store News

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Zacks Research lifted its Q2 2027 EPS estimate to $0.46 from $0.27, signaling a better outlook for that period.
• Neutral Sentiment: The firm also left some longer-term projections intact, including FY2028 EPS of $1.54, suggesting eventual earnings recovery is still possible.
• Negative Sentiment: Zacks Research cut its FY2026 EPS estimate to $(0.96) from $(0.75), implying a deeper expected loss in the current fiscal year.
• Negative Sentiment: Q3 2026 EPS was reduced to $(0.34) from $(0.27), reinforcing concerns that near-term profitability remains weak.
• Negative Sentiment: Other cuts included Q4 2026 EPS to $(0.13) from $0.01, Q1 2027 EPS to $(0.25) from $(0.27), Q3 2027 EPS to $0.06 from $0.17, and FY2027 EPS to $0.74 from $0.77.
• Negative Sentiment: FY2028 EPS was also lowered to $1.54 from $1.81, and Q1 2028 and Q2 2028 estimates were trimmed as well, pointing to a more cautious long-term view.

Analyst Upgrades and Downgrades

A number of research firms have commented on CBRL. UBS Group boosted their price target on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Citigroup boosted their price target on shares of Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the stock a “sell” rating in a research report on Thursday, March 5th. Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Thursday, March 5th. Finally, Freedom Capital upgraded shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average target price of $37.75.

Cracker Barrel Old Country Store Price Performance

The stock’s fifty day moving average price is $29.73 and its 200-day moving average price is $29.58. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. The firm has a market cap of $756.34 million, a price-to-earnings ratio of -187.97 and a beta of 1.29.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The business had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm’s revenue was down 7.9% compared to the same quarter last year. Equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post -1.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently made changes to their positions in the company. Alliancebernstein L.P. raised its holdings in shares of Cracker Barrel Old Country Store by 19.5% during the third quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock valued at $64,327,000 after acquiring an additional 237,741 shares during the period. Franklin Resources Inc. increased its stake in Cracker Barrel Old Country Store by 13,737.1% in the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after buying an additional 923,409 shares during the period. State Street Corp increased its stake in Cracker Barrel Old Country Store by 1.1% in the 4th quarter. State Street Corp now owns 872,995 shares of the restaurant operator’s stock valued at $22,174,000 after buying an additional 9,332 shares during the period. Dimensional Fund Advisors LP increased its stake in Cracker Barrel Old Country Store by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock valued at $32,756,000 after buying an additional 15,661 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $43,930,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.