Equities Analysts Issue Forecasts for CBRL FY2027 Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Investment analysts at Zacks Research dropped their FY2027 EPS estimates for Cracker Barrel Old Country Store in a research note issued to investors on Wednesday, May 27th. Zacks Research analyst Team now expects that the restaurant operator will post earnings per share of $0.74 for the year, down from their previous estimate of $0.77. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is ($1.07) per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q4 2027 earnings at $0.47 EPS, Q2 2028 earnings at $0.59 EPS and Q3 2028 earnings at $0.32 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $862.89 million. During the same quarter last year, the firm posted $1.38 earnings per share. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Several other research analysts have also commented on CBRL. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday, March 5th. Truist Financial raised 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. Freedom Capital raised shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research note on Monday, April 6th. Wall Street Zen cut shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Finally, Citigroup raised their target price on shares of Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average price target of $37.75.

Cracker Barrel Old Country Store Trading Up 3.8%

NASDAQ CBRL opened at $34.57 on Thursday. The firm has a 50 day simple moving average of $29.63 and a 200-day simple moving average of $29.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.18 and a current ratio of 0.49. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $71.93. The firm has a market cap of $772.64 million, a price-to-earnings ratio of -192.04 and a beta of 1.29.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds have recently added to or reduced their stakes in CBRL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cracker Barrel Old Country Store by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock valued at $510,000 after acquiring an additional 546 shares in the last quarter. Cetera Investment Advisers raised its holdings in Cracker Barrel Old Country Store by 64.6% in the second 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 acquired a new stake in Cracker Barrel Old Country Store in the second quarter valued at approximately $843,000. New York State Common Retirement Fund raised its holdings in Cracker Barrel Old Country Store by 23.6% in the second quarter. New York State Common Retirement Fund now owns 8,386 shares of the restaurant operator’s stock valued at $512,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Cracker Barrel Old Country Store by 76.0% during the second 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. Institutional investors and hedge funds own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

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.