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

Over the past 3 months, 8 Wall Street analysts have provided ratings for Cracker Barrel Old (NASDAQ:CBRL) with an average price target of $79.62, representing an upside from the current price of $67.56. The consensus includes 1 bullish, 5 indifferent, and 2 bearish stances. The current average price target has decreased by 13.46% from the previous target of $92.00. Analysts typically review stocks quarterly and may provide forecasts on growth, earnings, and revenue, but their advice can be subject to error.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 8:00 pm

UBS analyst Dennis Geiger has maintained a Neutral rating on Cracker Barrel Old (NASDAQ:CBRL) and reduced the price target from $75 to $70.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:42 pm

The Fear & Greed Index remained in 'Greed' territory as the Dow Jones surged over 500 points after positive PCE data and mixed economic indicators. Cracker Barrel's shares dropped over 10% post Q1 results, while Salesforce's shares rose over 9% following upbeat Q3 results and FY24 guidance. The S&P 500 saw gains, but the Nasdaq Composite dipped slightly. Investors are looking forward to earnings from Genesco Inc. and Bank of Montreal.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 8:05 am

The Nasdaq fell over 100 points while the Dow Jones gained around 300 points. Cracker Barrel's shares slid after reporting a decrease in Q1 revenues and adjusted EPS, missing consensus estimates. Soligenix, REX American Resources, and ImmunoGen saw significant share price increases, with ImmunoGen being acquired by AbbVie. Lizhi Inc., POET Technologies, and Pure Storage experienced notable declines in share prices following their respective earnings reports and public offering news. The health care sector rose, while communication services fell. Oil and gold prices dropped, while silver and copper rose. European shares closed mostly higher, and Asian markets ended on a positive note. U.S. economic data showed mixed results with a slight increase in personal spending and income, a rise in jobless claims, and a drop in pending home sales.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 7:12 pm

Titan Machinery Inc. (TITN) shares dropped by 8.1% to $23.41 due to weaker-than-expected quarterly earnings and sales. The company reported earnings of $1.32 per share, missing estimates of $1.53 per share, and sales of $694.12 million, below the expected $727.20 million. Other stocks experienced significant movements in Thursday's mid-day session, with notable gainers and losers across various sectors.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 6:13 pm

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported Q1 FY24 revenues of $823.8 million, a 1.9% decrease year-over-year, missing consensus estimates. Comparable store restaurant sales slightly decreased, while retail sales fell 8.1%. Adjusted operating income and EPS both declined, with EPS missing consensus estimates. The company provided FY24 revenue guidance that aligns with consensus and plans to open new stores. CBRL shares fell 5.47% following the report.

Portfolio Pulse from Vandana Singh

November 30, 2023 | 4:46 pm

Cracker Barrel anticipates its FY24 total revenue to be between $3.4 billion and $3.5 billion, which aligns with the estimated revenue of $3.5 billion.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:06 pm

Cracker Barrel reported a decrease in Q1 comparable store restaurant sales by 0.5% and a more significant drop in comparable store retail sales by 8.1%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:03 pm

Cracker Barrel Old (NASDAQ:CBRL) reported Q1 adjusted EPS of $0.51, missing the $0.75 estimate, and sales of $823.84M, slightly below the $826.21M estimate. This represents a 48.48% decrease in earnings and a 1.87% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:02 pm

Stock futures, including Nasdaq and S&P, are rallying as the market is set to finish November on a strong note. The direction of trading is expected to be influenced by the personal consumption expenditure index and OPEC+'s decision on oil output. Positive tech sector earnings have contributed to the upbeat sentiment. The market anticipates a potential Fed rate cut in 2024, with the first cut possibly in June 2024. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw gains. Several companies, including Nutanix, Inc. (NTNX), Okta, Inc. (OKTA), PVH Corp. (PVH), Salesforce, Inc. (CRM), Snowflake Inc. (SNOW), Zuora, Inc. (ZUO), and Victoria’s Secret & Co. (VSCO), reacted to earnings news. Hewlett Packard Enterprise Company (HPE) announced a partnership with Nvidia Corp. (NVDA). Other companies set to report earnings include Big Lots, Inc. (BIG), Cracker Barrel Old Country Store, Inc. (CBRL), The Kroger Co. (KR), Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD), Ambarella, Inc. (AMBA), Dell Technologies Inc. (DELL), PagerDuty, Inc. (PD), Ulta Beauty, Inc. (ULTA), UiPath Inc. (PATH), and Zumiez Inc. (ZUMZ).

Portfolio Pulse from Shanthi Rexaline

November 30, 2023 | 12:41 pm

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