What is Zacks Research’s Forecast for CBRL Q2 Earnings?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Analysts at Zacks Research decreased their Q2 2028 earnings estimates for shares of Cracker Barrel Old Country Store in a research note issued to investors on Wednesday, March 18th. Zacks Research analyst Team now forecasts that the restaurant operator will post earnings of $0.68 per share for the quarter, down from their prior estimate of $0.82. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $2.76 per share.

A number of other equities research analysts have also issued reports on CBRL. Gordon Haskett raised Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Truist Financial increased their target price on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Citigroup lifted their target price on 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. UBS Group boosted their target price on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $37.75.

Cracker Barrel Old Country Store Trading Down 2.5%

CBRL opened at $27.41 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.18 and a current ratio of 0.49. The stock’s 50 day moving average price is $31.19 and its 200-day moving average price is $33.87. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $71.93. The stock has a market cap of $612.61 million, a price-to-earnings ratio of -152.27 and a beta of 1.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.35. The company had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. During the same period in the prior year, the company posted $1.38 EPS. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CBRL. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $26,000. Hilton Head Capital Partners LLC bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $35,000. Canada Pension Plan Investment Board purchased a new position in Cracker Barrel Old Country Store during the second quarter valued at approximately $37,000. Byrne Asset Management LLC purchased a new position in Cracker Barrel Old Country Store during the third quarter valued at approximately $51,000. Finally, CWM LLC raised its stake in Cracker Barrel Old Country Store by 85.1% in the fourth quarter. CWM LLC now owns 2,345 shares of the restaurant operator’s stock worth $60,000 after buying an additional 1,078 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $25.56, for a total value of $1,083,744.00. Following the completion of the sale, the insider directly owned 2,240,200 shares in the company, valued at $57,259,512. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently -555.56%.

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.