NasdaqGS:CBRL

Stock Analysis Report

Cracker Barrel Old Country Store

Executive Summary

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States.

Rewards

Trading at 17.2% below its fair value

Earnings are forecast to grow 3.51% per year

Risk Analysis

Has a high level of debt

Unstable dividend track record



Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Cracker Barrel Old Country Store's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CBRL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

CBRL

0.09%

US Hospitality

0.5%

US Market


1 Year Return

-4.9%

CBRL

6.7%

US Hospitality

20.3%

US Market

Return vs Industry: CBRL underperformed the US Hospitality industry which returned 6.7% over the past year.

Return vs Market: CBRL underperformed the US Market which returned 20.3% over the past year.


Shareholder returns

CBRLIndustryMarket
7 Day-1.1%0.09%0.5%
30 Day3.4%-1.9%2.0%
90 Day5.4%7.4%9.4%
1 Year-0.1%-4.9%9.5%6.7%22.8%20.3%
3 Year19.0%2.0%37.0%27.9%50.1%40.4%
5 Year39.5%8.1%48.5%32.8%73.1%54.1%

Price Volatility Vs. Market

How volatile is Cracker Barrel Old Country Store's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cracker Barrel Old Country Store undervalued compared to its fair value and its price relative to the market?

17.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CBRL ($163.29) is trading below our estimate of fair value ($197.27)

Significantly Below Fair Value: CBRL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CBRL is good value based on its PE Ratio (17.9x) compared to the Hospitality industry average (24.3x).

PE vs Market: CBRL is good value based on its PE Ratio (17.9x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: CBRL is poor value based on its PEG Ratio (5.1x)


Price to Book Ratio

PB vs Industry: CBRL is overvalued based on its PB Ratio (6.5x) compared to the US Hospitality industry average (2.2x).


Next Steps

Future Growth

How is Cracker Barrel Old Country Store forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBRL's forecast earnings growth (3.5% per year) is above the savings rate (1.7%).

Earnings vs Market: CBRL's earnings (3.5% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: CBRL's earnings are forecast to grow, but not significantly.

Revenue vs Market: CBRL's revenue (3.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CBRL's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CBRL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Cracker Barrel Old Country Store performed over the past 5 years?

9.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBRL has high quality earnings.

Growing Profit Margin: CBRL's current net profit margins (7.1%) are lower than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: CBRL's earnings have grown by 9.3% per year over the past 5 years.

Accelerating Growth: CBRL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CBRL had negative earnings growth (-11.7%) over the past year, making it difficult to compare to the Hospitality industry average (-9.8%).


Return on Equity

High ROE: CBRL's Return on Equity (36.2%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Cracker Barrel Old Country Store's financial position?


Financial Position Analysis

Short Term Liabilities: CBRL's short term assets ($293.4M) do not cover its short term liabilities ($442.7M).

Long Term Liabilities: CBRL's short term assets ($293.4M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: CBRL's debt to equity ratio (81.9%) is considered high.

Reducing Debt: CBRL's debt to equity ratio has increased from 74.7% to 81.9% over the past 5 years.

Debt Coverage: CBRL's debt is well covered by operating cash flow (70.1%).

Interest Coverage: CBRL's interest payments on its debt are well covered by EBIT (18.2x coverage).


Balance Sheet

Inventory Level: CBRL has a high level of physical assets or inventory.

Debt Coverage by Assets: CBRL's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is Cracker Barrel Old Country Store's current dividend yield, its reliability and sustainability?

5.02%

Current Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years4.2%

Current dividend yield vs market & industry

Notable Dividend: CBRL's dividend (5.02%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CBRL's dividend (5.02%) is in the top 25% of dividend payers in the US market (3.73%)


Stability and Growth of Payments

Stable Dividend: CBRL's dividend payments have been volatile in the past 10 years.

Growing Dividend: CBRL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.9%), CBRL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Sandy Cochran (61yo)

8.4yrs

Tenure

US$6,984,935

Compensation

Ms. Sandra Brophy Cochran, also known as Sandy, has been the Chief Executive Officer of Cracker Barrel Old Country Store, Inc. since September 12, 2011 and also its President since November 3, 2010. Ms. Co ...


CEO Compensation Analysis

Compensation vs Market: Sandy's total compensation ($USD6.98M) is above average for companies of similar size in the US market ($USD4.89M).

Compensation vs Earnings: Sandy's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sandra Cochran
President8.4yrsUS$6.98m0.46% $18.1m
Jill Golder
Senior VP & CFO3.7yrsUS$1.73m0.026% $1.0m
Richard Wolfson
Senior VP2.6yrsUS$1.89m0.027% $1.1m
P. Couvillion
Senior Vice President of Sourcing & Supply Chain8.6yrsUS$870.70k0.013% $511.9k
Laura Daily
Senior Vice President of Retail7.8yrsUS$896.85k0.034% $1.3m
Kara Jacobs
VP, Controller & Principal Accounting Officer0.2yrsno data0.0042% $163.4k
Adam Hannon
Manager of Investor Relations0yrsno datano data
Jeffrey Wilson
VP of Financial Planning & Analysis and CFO of Emerging Brands0.2yrsno data0.017% $671.4k
Michael Hackney
Senior Vice President of Restaurant & Retail Operations0.8yrsno data0.013% $503.7k

3.1yrs

Average Tenure

55.5yo

Average Age

Experienced Management: CBRL's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sandra Cochran
President8.4yrsUS$6.98m0.46% $18.1m
Norman Johnson
Independent Director7.5yrsUS$219.91k0.029% $1.1m
Andrea Weiss
Independent Director16.5yrsUS$235.56k0.040% $1.6m
William McCarten
Independent Director8.5yrsUS$209.79k0.036% $1.4m
Carl Berquist
Independent Director1.1yrsUS$140.65k0.0052% $205.5k
Richard Dobkin
Independent Director14.6yrsUS$223.84k0.084% $3.3m
Coleman Peterson
Independent Director8.7yrsUS$217.56k0.035% $1.4m
Meg Crofton
Independent Director2.6yrsUS$205.32k0.0094% $370.5k
Thomas Barr
Independent Director7.8yrsUS$205.91k0.030% $1.2m

8.4yrs

Average Tenure

67yo

Average Age

Experienced Board: CBRL's board of directors are considered experienced (8.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cracker Barrel Old Country Store, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cracker Barrel Old Country Store, Inc.
  • Ticker: CBRL
  • Exchange: NasdaqGS
  • Founded: 1969
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: US$3.929b
  • Shares outstanding: 24.06m
  • Website: https://www.crackerbarrel.com

Number of Employees


Location

  • Cracker Barrel Old Country Store, Inc.
  • 305 Hartmann Drive
  • Lebanon
  • Tennessee
  • 37087
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBRLNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDNov 1981
OLDDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1981

Biography

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 a restaurant with a gift shop. The company’s restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items. As of September 18, 2019, the company operated 660 Cracker Barrel stores in 45 states. Cracker Barrel Old Country Store, Inc. was founded in 1969 and is headquartered in Lebanon, Tennessee. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 01:51
End of Day Share Price2020/02/19 00:00
Earnings2019/11/01
Annual Earnings2019/08/02


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.