What is Zacks Research’s Forecast for CBRL Q3 Earnings?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Equities researchers at Zacks Research upped their Q3 2027 EPS estimates for Cracker Barrel Old Country Store in a report issued on Wednesday, October 7th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.26. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $1.45 per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q2 2028 earnings at $0.75 EPS, Q3 2028 earnings at $0.44 EPS, FY2028 earnings at $1.81 EPS and FY2029 earnings at $2.52 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.17 by $0.82. The firm had revenue of $849.34 million during the quarter, compared to analysts’ expectations of $834.57 million. Cracker Barrel Old Country Store had a net margin of 0.95% and a return on equity of 4.01%. Cracker Barrel Old Country Store’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS.

Several other research analysts have also weighed in on the stock. Argus increased their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. UBS Group raised their target price on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, September 21st. Citigroup lifted their target price on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “sell” rating in a report on Friday, September 25th. Finally, Wells Fargo & Company increased their price target on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $50.86.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $56.40 on Thursday. The stock’s fifty day simple moving average is $53.94 and its 200-day simple moving average is $43.76. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $60.26. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. The company has a quick ratio of 0.24, a current ratio of 0.58 and a debt-to-equity ratio of 0.71.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Friday, October 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 16th. Cracker Barrel Old Country Store’s payout ratio is 71.43%.

Insider Activity

In related news, SVP Donna Roberts sold 3,500 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $52.08, for a total value of $182,280.00. Following the sale, the senior vice president directly owned 43,702 shares of the company’s stock, valued at $2,276,000.16. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after buying an additional 321 shares during the last quarter. Carson Advisory Inc. lifted its stake in Cracker Barrel Old Country Store by 5.1% in the first quarter. Carson Advisory Inc. now owns 12,502 shares of the restaurant operator’s stock valued at $351,000 after acquiring an additional 602 shares during the last quarter. Poehling Capital Management INC. grew its position in Cracker Barrel Old Country Store by 4.9% in the first quarter. Poehling Capital Management INC. now owns 13,257 shares of the restaurant operator’s stock worth $373,000 after acquiring an additional 620 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Cracker Barrel Old Country Store by 107.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,246 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 645 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Cracker Barrel Old Country Store by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 11,254 shares of the restaurant operator’s stock valued at $316,000 after purchasing an additional 760 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with country-themed retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve Southern-inspired comfort food, including breakfast items, lunch and dinner entrées, biscuits, desserts and beverages. The retail stores offer home décor, apparel, gifts, seasonal merchandise, toys and other products with a traditional country and Americana theme.

Founded in 1969 by Dan Evins, Cracker Barrel opened its first location in Lebanon, Tennessee.