Zacks Research Has Negative Estimate for CBRL Q2 Earnings

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Equities researchers at Zacks Research reduced their Q2 2028 EPS estimates for Cracker Barrel Old Country Store in a research note issued on Wednesday, March 18th. Zacks Research analyst Team now anticipates that the restaurant operator will earn $0.68 per share for the quarter, down from their previous forecast of $0.82. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $2.76 per share.

CBRL has been the subject of a number of other reports. Bank of America dropped their target price on shares of Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company in a report on Friday, December 19th. Piper Sandler reduced their price target on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, December 10th. Gordon Haskett raised Cracker Barrel Old Country Store to a “strong sell” rating in a research report on Wednesday, December 10th. UBS Group increased their price objective on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Finally, Truist Financial lifted their price objective on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $37.75.

Cracker Barrel Old Country Store Trading Down 2.5%

NASDAQ:CBRL opened at $27.41 on Friday. The firm has a 50-day moving average price of $31.19 and a two-hundred day moving average price of $33.72. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93. The firm has a market cap of $612.61 million, a price-to-earnings ratio of -152.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.18 and a current ratio of 0.49.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.35. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The business had revenue of $874.82 million for the quarter, compared to analysts’ expectations of $862.89 million. During the same period in the previous year, the company earned $1.38 earnings per share. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CBRL. Hussman Strategic Advisors Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at approximately $2,776,000. TrueMark Investments LLC raised its holdings in Cracker Barrel Old Country Store by 1,754.1% in the third quarter. TrueMark Investments LLC now owns 105,925 shares of the restaurant operator’s stock worth $4,667,000 after purchasing an additional 100,212 shares in the last quarter. Entropy Technologies LP purchased a new position in Cracker Barrel Old Country Store during the second quarter valued at $678,000. Allianz Asset Management GmbH lifted its position in Cracker Barrel Old Country Store by 66.7% during the third quarter. Allianz Asset Management GmbH now owns 456,278 shares of the restaurant operator’s stock valued at $20,104,000 after buying an additional 182,533 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $2,505,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp sold 42,400 shares of the firm’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $25.56, for a total value of $1,083,744.00. Following the completion of the sale, the insider directly owned 2,240,200 shares in the company, valued at $57,259,512. This trade represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by insiders.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Friday, April 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. Cracker Barrel Old Country Store’s payout ratio is currently -555.56%.

Key Stories Impacting Cracker Barrel Old Country Store

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Zacks issued a number of upward tweaks that may partially offset the negative headlines — they raised several near-term quarter estimates and improved FY2026 (to -$0.75 from -$1.05) and narrowed losses for some upcoming quarters (e.g., Q1 2027, Q3 2026, Q2 2027, Q1 2028). These revisions point to some operational stabilization in the nearer term.
• Neutral Sentiment: Brand/traffic color: a consumer-interest piece highlights Cracker Barrel’s strong pancake sales (a PR/brand item that is unlikely to move fundamentals by itself). The Staggering Amount Of Pancakes Cracker Barrel Sells Per Year
• Neutral Sentiment: Zacks retained a “Hold” rating despite the estimate changes — useful context for investors: revisions altered the shape of future earnings but did not prompt an upgrade/downgrade by the research house.
• Neutral Sentiment: Short-interest report in the feed shows nonsensical “0 shares” data and a 0.0 days-to-cover figure, which appears to be a reporting error and should not be treated as evidence of increased shorting or covering activity.
• Negative Sentiment: Zacks cut several mid-to-longer‑term forecasts — notable downgrades include FY2027 EPS (from $1.00 to $0.77) and FY2028 EPS (from $2.26 to $1.81), and multiple quarter cuts (Q3 2027: $0.40 → $0.17; Q4 2027: $0.91 → $0.61; Q4 2026: $0.12 → $0.01; Q2 2028: $0.82 → $0.68). Those downward revisions weaken the forward earnings picture and are the most direct driver of the negative market reaction today.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.