Streetbeat News

CBRL

Cracker Barrel Old Country Store, Inc.

https://www.crackerbarrel.com

Industry

Restaurants

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.

Open

51.13

Mkt cap

1.1B

Volume

423K

High

51.82

P/E Ratio

26.95

52-wk high

83.52

Low

49.24

Div yield

0.07

52-wk low

34.88

Cracker Barrel Old Country Store, Inc. (CBRL) announced the acceleration of Sandra B. Cochran's retirement and her resignation from the Board of Directors on February 22, 2024. Carl T. Berquist, previously the Lead Independent Director, has been appointed as the new independent Chairman of the Board. Additionally, the Board's size was reduced from eleven to ten members.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:11 am

Wall Street's most accurate analysts have provided updates on three high-yield dividend stocks in the consumer discretionary sector: Cracker Barrel Old Country Store, Inc. (CBRL), The Wendy's Company (WEN), and Best Buy Co., Inc. (BBY). These updates include changes in price targets and ratings, reflecting recent financial results and management changes.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 1:27 pm

Truist Securities analyst Jake Bartlett has maintained a Hold rating on Cracker Barrel Old (NASDAQ:CBRL) and raised the price target from $70 to $75 as of 1 February 2024.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:47 pm

The article highlights three consumer discretionary stocks with high dividend yields, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Leggett & Platt (LEG) has a dividend yield of 7.75% but faces a restructuring plan and workforce reduction. Cracker Barrel (CBRL) offers a 6.89% yield but reported worse-than-expected Q1 results. Whirlpool (WHR) has a 6.27% yield and plans to sell part of its stake in Whirlpool India in 2024.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 1:29 pm

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) experienced a decline in stock price on Thursday, following a recent high on Wednesday. The stock had previously seen a significant selloff after earnings in early December but had been trending higher throughout the month. The pullback of over 5% was also noted on Yahoo's Trending page. At market close, CBRL shares were down 4.90% at $78.93.

Portfolio Pulse from Ryan Gustafson

December 28, 2023 | 10:21 pm

McDonald's (NYSE:MCD) is set to pay a dividend of $1.67 per share on December 15, 2023, with an annualized yield of 2.62% for shareholders recorded before November 30, 2023. The company has shown a positive trend in dividend growth from $4.73 in 2019 to $5.66 in 2022 and an increase in earnings per share from $7.91 in 2019 to $9.74 in 2022, indicating financial health and potential for future dividend increases. Cracker Barrel Old (NASDAQ:CBRL) has the highest annualized dividend yield at 6.52% among industry peers.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 3:05 pm

Wall Street analysts have made recent stock picks, with the most accurate analysts according to Benzinga Analyst Stock Ratings highlighted. Keybanc's Philip Gibbs initiated coverage on Worthington Steel, Inc. (WS) with an Overweight rating and a price target of $29. Truist Securities' William Stein maintained a Buy rating on Broadcom Inc. (AVGO) and raised the price target to $1,015. B. Riley Securities' Craig Ellis upgraded Camtek Ltd. (CAMT) to Buy and increased the price target to $75. Piper Sandler's Brian Mullan maintained a Neutral rating on Cracker Barrel Old Country Store, Inc. (CBRL) and cut the price target to $75. JP Morgan's Seth Seifman downgraded Science Applications International Corporation (SAIC) to Neutral and raised the price target to $142.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:36 pm

Yum Brands (NYSE:YUM) is distributing a dividend of $0.60 per share with an annualized yield of 1.91%. Shareholders as of November 27, 2023, are eligible. The company has shown consistent dividend growth from $1.68 in 2019 to $2.28 in 2022 and earnings growth from $2.95 to $4.21 per share over the same period, indicating strong financial health and potential for future dividend increases. Yum Brands's dividend yield is moderate compared to industry peers like Cracker Barrel Old (NASDAQ:CBRL), which leads with a 7.03% yield.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

Aramark (NYSE:ARMK) will pay a dividend of $0.10 per share with an annualized yield of 1.33% to shareholders on record as of November 28, 2023. Despite a consistent dividend since 2019, Aramark's earnings per share have decreased from $2.23 in 2019 to $1.17 in 2022, raising concerns about its ability to sustain dividends. Its dividend yield is average compared to industry peers, with Cracker Barrel Old (NASDAQ:CBRL) having the highest yield at 7.03%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

Piper Sandler has maintained a Neutral rating on Cracker Barrel Old (NASDAQ:CBRL) but lowered its price target from $96.00 to $75.00. Cracker Barrel's stock is currently trading at $72.00, down 0.5% over the last 24 hours. The new price target suggests a potential upside of 4.17%. Cracker Barrel operates full-service restaurants in the U.S., with a significant portion of revenue coming from its gift shops. Analyst ratings are provided by financial experts and are subject to error.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 5:00 pm

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