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

48.22

Mkt cap

1.1B

Volume

770K

High

50.63

P/E Ratio

26.67

52-wk high

83.52

Low

48.15

Div yield

0.07

52-wk low

34.88

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

Piper Sandler analyst Brian Mullan has maintained a Neutral rating on Cracker Barrel Old (NASDAQ:CBRL) but has lowered the price target from $96 to $75.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:05 pm

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

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