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

UBS analyst Dennis Geiger maintains a Neutral rating on Cracker Barrel Old (NASDAQ:CBRL) and lowers the price target from $100 to $75.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:50 pm

The CNN Money Fear and Greed index showed a decline in investor sentiment following higher-than-expected inflation data for August. Cracker Barrel Old Country Store Inc reported Q4 FY23 revenue growth of 0.8% YoY, missing analyst consensus. Investors are awaiting earnings results from Lennar Corporation, Adobe Inc., and Copart, Inc.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 7:28 am

Several companies are scheduled to report their quarterly earnings on September 13, 2023. These include Cracker Barrel Old, Coda Octopus Group, REV Group, SelectQuote, WisdomTree International LargeCap Dividend Fund, Burford Capital, Research Solutions, Champions Oncology, Iris Energy, Radiant Logistics, Semtech, Streamline Health Solns, MIND Technology, IBEX, and Ocean Power Techs.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:02 pm

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported Q4 FY23 revenue growth of 0.8% to $836.7 million, missing the analyst consensus. Comparable store retail sales decreased 6.8%, while restaurant sales grew 2.4%. The company's Q4 topline performance fell short of expectations. However, the adjusted EPS of $1.79 beat the consensus estimate of $1.61. The company declared a quarterly dividend of $1.30 per share. For Q1 FY24, the company expects sales of $800 million - $850 million.

Portfolio Pulse from Shivani Kumaresan

September 13, 2023 | 2:28 pm

Cracker Barrel Old Country Store forecasts its Q1 FY24 sales to be between $800M and $850M, compared to the estimated $848.54M.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 12:04 pm

Cracker Barrel Old (NASDAQ:CBRL) reported Q4 adjusted earnings of $1.79 per share, beating the analyst consensus estimate of $1.61 by 11.18%. However, the company's quarterly sales of $836.70 million missed the analyst consensus estimate of $842.61 million by 0.70%.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 12:01 pm

Inflation concerns are causing volatility in the index futures, with a weaker-than-expected inflation print potentially leading to a strong gain. The Nasdaq Composite and the S&P 500 indices retreated on Tuesday, influenced by a negative reaction to Apple's iPhone launch event. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading on Wednesday. Ford Motor Co. and General Motors Corp. saw a rise in premarket trading on hopes of a resolution to the standoff with the UAW.

Portfolio Pulse from Shanthi Rexaline

September 13, 2023 | 10:41 am

Cracker Barrel, Mama's Creations, REV Group, SilverBow Resources, and Semtech Corporation are stocks to watch on Wednesday. Cracker Barrel and REV Group are expected to report earnings, while Mama's Creations reported upbeat Q2 results. SilverBow Resources announced a proposed public offering of common stock, and Semtech is also expected to report earnings.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 8:34 am

The CNN Money Fear and Greed index showed a decline in investor sentiment on Tuesday, with U.S. stocks closing lower. Oracle reported weak sales and a downbeat revenue forecast, while Apple shares fell after unveiling a new iPhone model. Investors are awaiting key inflation data and earnings results from Cracker Barrel Old Country Store, REV Group, and Semtech Corporation.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 6:46 am

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is expected to report higher Q4 earnings at $1.61 per share, up from $1.57 per share year-ago. The company's revenue might reach $842.92 million, compared to $830.4 million in the year-ago period. However, the company's shares fell 0.4% to close at $74.50 on Monday. Several analysts have recently adjusted their price targets for the company, with ratings ranging from 'Sell' to 'Buy'.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 2:23 pm

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