Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Gap Up Following Earnings Beat

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s share price gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $36.30, but opened at $43.50. Cracker Barrel Old Country Store shares last traded at $47.0450, with a volume of 2,498,373 shares changing hands.

The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The firm had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue was down 2.9% compared to the same quarter last year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, July 17th. Cracker Barrel Old Country Store’s payout ratio is -555.56%.

Cracker Barrel Old Country Store News Summary

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

• Positive Sentiment: Cracker Barrel reported fiscal Q3 EPS of $0.29, beating expectations for a loss, and revenue of $797.4 million, above estimates. CRACKER BARREL REPORTS THIRD QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 OUTLOOK
• Positive Sentiment: The company raised its FY26 outlook, including higher revenue and adjusted EBITDA guidance, which is encouraging for investors looking for improving fundamentals. Cracker Barrel Posts Surprise Profit, Lifts Outlook for Year
• Positive Sentiment: Market coverage and earnings-call commentary described the results as evidence that Cracker Barrel’s turnaround may be picking up, helping fuel the stock’s move higher. Cracker Barrel soars after FQ3 results show the turnaround is picking up
• Neutral Sentiment: The board also declared a quarterly dividend of $0.25 per share, which supports the shareholder-return story but is not the main driver of the stock move.
• Negative Sentiment: Some analysts noted that the earnings beat was helped by a one-time litigation gain, while core trends remained weak, including lower comparable sales and declining operating income. Cracker Barrel: A Rally Without A Recovery
• Negative Sentiment: Revenue still declined year over year, showing the recovery is not yet fully reflected in the underlying business. Cracker Barrel (CBRL) Reports Q3 Earnings: What Key Metrics Have to Say

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group reissued a “neutral” rating and issued a $37.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday. Citigroup reiterated a “sell” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday. Truist Financial lifted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a research note 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. Finally, Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.00.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently made changes to their positions in CBRL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cracker Barrel Old Country Store by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock valued at $510,000 after purchasing an additional 546 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Cracker Barrel Old Country Store by 64.6% during the 2nd quarter. Cetera Investment Advisers now owns 9,210 shares of the restaurant operator’s stock valued at $563,000 after acquiring an additional 3,614 shares in the last quarter. Norges Bank bought a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth $843,000. New York State Common Retirement Fund grew its position in Cracker Barrel Old Country Store by 23.6% during the 2nd quarter. New York State Common Retirement Fund now owns 8,386 shares of the restaurant operator’s stock worth $512,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Cracker Barrel Old Country Store by 76.0% in the 2nd quarter. Invesco Ltd. now owns 350,859 shares of the restaurant operator’s stock worth $21,430,000 after purchasing an additional 151,463 shares in the last quarter. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Stock Up 24.7%

The stock has a market capitalization of $1.01 billion, a P/E ratio of -254.47 and a beta of 1.30. 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 50-day simple moving average of $30.80 and a 200 day simple moving average of $29.89.

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.