Cracker Barrel Old Country Store (NASDAQ:CBRL) Announces Earnings Results

Cracker Barrel Old Country Store (NASDAQ:CBRL) released its earnings results on Tuesday. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74, FiscalAI reports. Cracker Barrel Old Country Store had a return on equity of 2.82% and a net margin of 0.79%.The business had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. During the same quarter last year, the firm posted $0.56 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year.

Here are the key takeaways from Cracker Barrel Old Country Store’s conference call:

• Cracker Barrel reported a better-than-expected Q3, with sales of $797 million and adjusted EBITDA of $40 million, helped by stronger traffic, higher checks, and tight cost control.
• Guest experience metrics improved for a third straight quarter, including the highest Google star rating since 2018, better food taste/service scores, and lower managerial turnover, which management says should support traffic recovery over time.
• Management said the menu strategy is working, highlighting the return of favorites, new offerings, and value-oriented pricing; loyalty membership is now nearly 12 million and tracked sales remain above 40%.
• Retail outperformed restaurant comps for the first time in over four years, driven by SKU rationalization, better markdowns, improved merchandising, and strong product response in toys, collectibles, and American Heritage items.
• The company raised full-year adjusted EBITDA guidance to $120 million-$125 million and said cash generation was helped by cost savings, lower advertising spend, and a $47.4 million litigation settlement, while liquidity remains ample.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL opened at $44.49 on Thursday. 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 firm’s 50 day moving average price is $31.13 and its 200-day moving average price is $30.02. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $71.93. The company has a market cap of $994.35 million, a PE ratio of 38.35 and a beta of 1.30.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Friday, July 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 86.21%.

Analysts Set New Price Targets

CBRL has been the topic of a number of recent analyst reports. UBS Group increased their target price on Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wall Street Zen lowered Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Friday, March 27th. Truist Financial raised their target price on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Bank of America raised their target price on shares of Cracker Barrel Old Country Store from $31.00 to $34.00 and gave the company an “underperform” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $39.86.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 buying an additional 546 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Cracker Barrel Old Country Store by 64.6% in the 2nd quarter. Cetera Investment Advisers now owns 9,210 shares of the restaurant operator’s stock valued at $563,000 after buying an additional 3,614 shares in the last quarter. Norges Bank bought a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at about $843,000. New York State Common Retirement Fund boosted its holdings in shares of Cracker Barrel Old Country Store by 23.6% in the 2nd quarter. New York State Common Retirement Fund now owns 8,386 shares of the restaurant operator’s stock valued at $512,000 after buying an additional 1,600 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of 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 valued at $21,430,000 after buying an additional 151,463 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store News Roundup

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

• Positive Sentiment: Cracker Barrel beat fiscal Q3 expectations, reporting adjusted EPS of $0.29 versus a projected loss and revenue above estimates, which is driving the stock higher. CRACKER BARREL REPORTS THIRD QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 OUTLOOK
• Positive Sentiment: The company raised FY26 sales and adjusted EBITDA guidance, suggesting management sees improved profitability and momentum in the turnaround. Cracker Barrel Posts Surprise Profit, Lifts Outlook for Year
• Positive Sentiment: Analysts responded favorably to the report, with some increasing forecasts and price targets, adding to bullish sentiment around CBRL. These Analysts Increase Their Forecasts On Cracker Barrel Following Better-Than-Expected Q3 Earnings
• Neutral Sentiment: The quarterly dividend was maintained at $0.25 per share, reinforcing cash-flow confidence but not materially changing the near-term stock catalyst.
• Negative Sentiment: Some of the earnings upside came from a one-time litigation gain, and core operating metrics such as comparable sales and operating income were still weak, tempering the quality of the recovery. Cracker Barrel: A Rally Without A Recovery

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.