FY2024 Earnings Estimate for Cracker Barrel Old Country Store, Inc. Issued By Zacks Research (NASDAQ:CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Zacks Research increased their FY2024 earnings per share estimates for shares of Cracker Barrel Old Country Store in a note issued to investors on Monday, September 9th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will earn $4.01 per share for the year, up from their prior estimate of $4.00. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $3.82 per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q4 2024 earnings at $1.25 EPS, Q3 2025 earnings at $0.64 EPS, FY2025 earnings at $2.97 EPS, Q3 2026 earnings at $0.98 EPS and FY2026 earnings at $4.06 EPS.

A number of other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. CL King cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research note on Friday, May 17th. Loop Capital reduced their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 20th. Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Finally, Citigroup decreased their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus price target of $59.29.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $36.38 on Tuesday. The company has a market capitalization of $807.64 million, a price-to-earnings ratio of 13.42, a PEG ratio of 0.96 and a beta of 1.42. The stock has a fifty day moving average of $40.96 and a two-hundred day moving average of $51.43. Cracker Barrel Old Country Store has a fifty-two week low of $35.30 and a fifty-two week high of $83.51. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. lifted its position in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. CWM LLC grew its position in shares of Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 1,051 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Cracker Barrel Old Country Store during the first quarter worth $73,000. Finally, nVerses Capital LLC increased its stake in Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.