Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Up 4.9% Following Earnings Beat

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shot up 4.9% on Thursday following a better than expected earnings announcement. The company traded as high as $48.92 and last traded at $49.8440. Approximately 97,383 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,188,253 shares. The stock had previously closed at $47.52.

The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.82. The firm had revenue of $849.34 million for the quarter, compared to the consensus estimate of $834.57 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 earnings per share.

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. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.00 annualized dividend and a yield of 2.0%. Cracker Barrel Old Country Store’s payout ratio is currently 86.21%.

Cracker Barrel Old Country Store News Summary

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

• Positive Sentiment: Strong quarterly earnings beat: Adjusted earnings were $0.99 per share, up from $0.74 a year earlier and well above the roughly $0.17 consensus estimate. GAAP EPS rose to $0.54 from $0.30, while revenue of $849.3 million also exceeded expectations of approximately $834.6 million. Cracker Barrel fiscal 2026 results and fiscal 2027 outlook
• Positive Sentiment: Constructive fiscal 2027 outlook: Cracker Barrel forecast revenue of $3.3 billion to $3.4 billion, adjusted EBITDA of $180 million to $200 million and comparable restaurant sales growth of 3% to 5%. The guidance suggests management expects continued traffic and profitability improvement. Cracker Barrel fiscal 2027 outlook
• Positive Sentiment: Operational initiatives and shareholder return: The company upgraded three popular menu items while emphasizing food quality, the guest experience and employees. It also declared a quarterly dividend of $0.25 per share, equivalent to approximately $1.00 annually and a 2.1% yield. Cracker Barrel menu upgrades
• Neutral Sentiment: Technical momentum: CBRL moved above its 200-day moving average, a potentially supportive signal for momentum-oriented investors, though technical indicators do not change the company’s underlying fundamentals. Cracker Barrel shares cross above 200-day moving average
• Negative Sentiment: Revenue and execution risks remain: Fourth-quarter revenue declined 2.2% year over year, and some analysts argued that the earnings improvement benefited from non-recurring items. Cost inflation, macroeconomic pressure and the challenge of converting comparable-sales growth into durable margin expansion could limit further gains. Cracker Barrel post-earnings analysis

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CBRL shares. Zacks Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Argus lifted their price target on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, UBS Group boosted their price target on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday. Two 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 given a Sell rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average target price of $50.57.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently made changes to their positions in CBRL. WINTON GROUP Ltd bought a new position in shares of Cracker Barrel Old Country Store in the second quarter worth about $347,000. Integrated Wealth Concepts LLC acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $91,000. Allworth Financial LP boosted its position in Cracker Barrel Old Country Store by 109.5% in the 2nd quarter. Allworth Financial LP now owns 2,149 shares of the restaurant operator’s stock valued at $115,000 after buying an additional 1,123 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at $312,000. Finally, Corient Private Wealth LP increased its stake in shares of Cracker Barrel Old Country Store by 102.9% in the 2nd quarter. Corient Private Wealth LP now owns 45,996 shares of the restaurant operator’s stock valued at $2,452,000 after buying an additional 23,322 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Up 4.7%

The firm has a 50 day moving average price of $53.83 and a 200-day moving average price of $41.96. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 43.01 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.

The company’s adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel’s locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.

Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.