Is Cracker Barrel old country store a good investment?
Analyst Report: Cracker Barrel Old Country Sto Cracker Barrel Old Country Store, based in Lebanon, Tennessee, operates more than 660 Cracker Barrel restaurants and gift shops in 45 states, primarily in the Southeast and the Midwest. With a market cap of about $3.1 billion, the shares are generally regarded as mid-cap growth.
How did Cracker Barrel’s (Cracker Barrel) Q2 earnings beat the Zacks consensus?
Cracker Barrel reported mixed second-quarter fiscal 2022 (ended Jan 28, 2022) results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. Nevertheless, the top and the bottom line improved year over year.
What is the market cap of Cracker Barrel?
With a market cap of about $3.1 billion, the shares are generally regarded as mid-cap growth. Analyst Report: Cracker Barrel Old Country Sto Cracker Barrel Old Country Store, based in Lebanon, Tennessee, operates more than 660 Cracker Barrel restaurants and gift shops in 45 states, primarily in the Southeast and the Midwest.
Will Cracker Barrel stock go up?
The 7 analysts offering 12-month price forecasts for Cracker Barrel Old Country Store Inc have a median target of 94.00, with a high estimate of 110.00 and a low estimate of 86.00. The median estimate represents a +10.89% increase from the last price of 84.77.
Is Cracker Barrel a buy?
Zacks' proprietary data indicates that Cracker Barrel Old Country Store, Inc. is currently rated as a Zacks Rank 5 and we are expecting a below average return from the CBRL shares relative to the market in the next few months.
Did Cracker Barrel suspend its dividend?
Cracker Barrel Old Country Store, Inc. (CBRL) will reinstate its quarterly dividend in 2021 with a payment of $1.00 per share quarterly. In 2020 the restaurant and gift shop company suspended its quarterly dividend of $1.30 per share because of the COVID-19 pandemic.
How many shares does Cracker Barrel have?
Share StatisticsAvg Vol (3 month) 3417.24kShares Outstanding 523.23MImplied Shares Outstanding 6N/AFloat 820.91M% Held by Insiders 11.14%7 more rows
Is Cracker Barrel doing well?
In the years leading up to the pandemic, sales at Cracker Barrel increased modestly, rising from $2.93 billion in 2017 to $3.07 billion in 2019. The pandemic pushed revenue in 2020 down to just $2.52 billion. However, much of this rebounded in 2021, with revenue climbing to $2.82 billion for that year.
How is Cracker Barrel doing financially?
(“Cracker Barrel” or the “Company”) (Nasdaq: CBRL) today reported its financial results for the fourth quarter of fiscal 2021 ended July 30, 2021. Total revenue in the fourth quarter of $784.4 million was approximately flat compared to the fourth quarter of fiscal 2019 total revenue of $787.1 million.
When did Cracker Barrel stock split?
Stock splitsDateSplit Ratio1991-03-251.5001990-04-031.5001989-02-141.5001987-03-271.5002 more rows
Who currently owns Cracker Barrel?
Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) Institutional investors hold a majority ownership of CBRL through the 85.74% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Restaurants industry.
How much does it cost to own a Cracker Barrel?
In addition to purchasing stock with the dividends in the plan, you may purchase additional shares; the minimum initial investment is $250 and the maximum is $10,000 per day.
How much does it cost to buy a Cracker Barrel?
CFO Jill Golder noted that Maple Street restaurants — Cracker Barrel bought the company for $36 million last fall — typically cost about $750,000 to open but generate average annual sales of $1 million.
How much is Cracker Barrel senior note?
What are the factors that affect restaurant stock prices?
Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) has priced 5 million 0.625% convertible senior notes due 2026 in a private institutional offering to raise $266.8 million . The initial purchasers of the Notes have a 13-day option to procure up to an additional $25 million Notes. Cracker intends to use approximately $27.8 million of the net proceeds to fund the cost of entering into the convertible note hedge transactions. The remaining proceeds would be used to repay a portion of the indebtedn
How much will the restaurant industry return in 2021?
Higher labor and food costs, coupled with rising cases of the Delta variant, have created an attractive backdrop for restaurant stock prices.
Referenced Symbols
The restaurant industry, represented by the Dow Jones U.S. Restaurants & Bars Index, has underperformed the broader market with a total return of 24.8% over the past 12 months, as of June 8, 2021.
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Cracker Barrel Old Country Store Inc. CBRL, +1.59% shares fell 6.1% in Tuesday premarket trading after the retail/restaurant chain reported fiscal fourth-quarter profit and revenue that missed expectations. Net income totaled $36.4 million, or $1.53, up from $25.1 million, or $1.05 per share, last year.
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Cracker Barrel Q1 Earnings Miss, Revenues Top Estimates
Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York.
Earnings & Revenues
Cracker Barrel Old Country Store reported mixed first-quarter fiscal 2022 (ended Oct 29, 2021) results, wherein earnings missed the Zacks Consensus Estimate but revenues beat the same.
Comps Details
The company’s fiscal first-quarter adjusted earnings per share of $1.52 lagged the Zacks Consensus Estimate of $1.63. In the prior-year quarter, the company had reported an adjusted earnings per share of 69 cents. Cracker Barrel reported revenues of $784.9 million during the quarter under review, which surpassed the consensus mark of $773 million.
Operating Highlights
Comparable store restaurant sales increased 1.4% in the reported quarter compared with the same period in fiscal 2019. Comparable store restaurant sales jumped 19% year over year.
Balance Sheet
During the fiscal first quarter, cost of goods sold (exclusive of depreciation and rent) increased 10 basis points (bps) year over year to 30.9%.
Q2 Outlook
As of Oct 29, 2021, cash and cash equivalents were $125.9 million, compared with $597.7 million as of Oct 30, 2020. Inventory at the end of the fiscal first quarter amounted to $159.6 million, down from $155.7 million at the end of first-quarter fiscal 2021. Long-term debt amounted to $377 million at the end of the quarter, up from $910 million at the end of the prior-year quarter. For the three-months ended Oct 29, 2021, net cash provided by operating activities was $23 million compared with $57 million in the year-ago period..
Fiscal 2022 Outlook
Going forward, the company expects improvement in sales. It anticipates fiscal second-quarter comparable store restaurant sales growth compared with fiscal 2019. Comparable store restaurant sales growth is anticipated to be higher than first-quarter fiscal 2022. Operating margin in the fiscal second quarter is expected to be 5.5-6%.
