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CBRL

Cracker Barrel Old Country Store NasdaqGS:CBRL Stock Report

Last Price

US$92.58

Market Cap

US$2.1b

7D

-5.7%

1Y

-36.0%

Updated

02 Oct, 2022

Data

Company Financials +
CBRL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends3/6

CBRL Stock Overview

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

Cracker Barrel Old Country Store Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cracker Barrel Old Country Store
Historical stock prices
Current Share PriceUS$92.58
52 Week HighUS$149.36
52 Week LowUS$81.87
Beta1.25
1 Month Change-13.90%
3 Month Change9.15%
1 Year Change-35.95%
3 Year Change-42.63%
5 Year Change-39.87%
Change since IPO1,619.95%

Recent News & Updates

Oct 01
Cracker Barrel Old Country Store (NASDAQ:CBRL) Will Pay A Dividend Of $1.30

Cracker Barrel Old Country Store (NASDAQ:CBRL) Will Pay A Dividend Of $1.30

The board of Cracker Barrel Old Country Store, Inc. ( NASDAQ:CBRL ) has announced that it will pay a dividend on the...

Sep 26

Cracker Barrel Q4 2022 Earnings Preview

Cracker Barrel (NASDAQ:CBRL) is scheduled to announce Q4 earnings results on Tuesday, September 27th, before market open. The consensus EPS Estimate is $1.38 (-38.7% Y/Y) and the consensus Revenue Estimate is $836.93M (+6.7% Y/Y). Over the last 2 years, CBRL has beaten EPS estimates 50% of the time and has beaten revenue estimates 63% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 4 downward. Revenue estimates have seen 0 upward revisions and 4 downward.

Shareholder Returns

CBRLUS HospitalityUS Market
7D-5.7%-0.2%-2.5%
1Y-36.0%-34.1%-23.2%

Return vs Industry: CBRL underperformed the US Hospitality industry which returned -34.1% over the past year.

Return vs Market: CBRL underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is CBRL's price volatile compared to industry and market?
CBRL volatility
CBRL Average Weekly Movement5.0%
Hospitality Industry Average Movement7.3%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: CBRL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CBRL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196973,000Sandy Cochranhttps://www.crackerbarrel.com

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.

Cracker Barrel Old Country Store Fundamentals Summary

How do Cracker Barrel Old Country Store's earnings and revenue compare to its market cap?
CBRL fundamental statistics
Market CapUS$2.05b
Earnings (TTM)US$131.88m
Revenue (TTM)US$3.27b

15.6x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CBRL income statement (TTM)
RevenueUS$3.27b
Cost of RevenueUS$2.20b
Gross ProfitUS$1.07b
Other ExpensesUS$936.95m
EarningsUS$131.88m

Last Reported Earnings

Jul 29, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.95
Gross Margin32.71%
Net Profit Margin4.04%
Debt/Equity Ratio82.8%

How did CBRL perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

91%

Payout Ratio

Does CBRL pay a reliable dividends?

See CBRL dividend history and benchmarks
When do you need to buy CBRL by to receive an upcoming dividend?
Cracker Barrel Old Country Store dividend dates
Ex Dividend DateOct 20 2022
Dividend Pay DateNov 08 2022
Days until Ex dividend17 days
Days until Dividend pay date36 days

Does CBRL pay a reliable dividends?

See CBRL dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CBRL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CBRL?

Other financial metrics that can be useful for relative valuation.

CBRL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA12.5x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does CBRL's PE Ratio compare to its peers?

CBRL PE Ratio vs Peers
The above table shows the PE ratio for CBRL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.7x
BLMN Bloomin' Brands
21.5x48.3%US$1.6b
PLAY Dave & Buster's Entertainment
11.3x20.3%US$1.5b
ARCO Arcos Dorados Holdings
14.1x14.8%US$1.5b
PZZA Papa John's International
27.7x38.6%US$2.5b
CBRL Cracker Barrel Old Country Store
15.6x13.1%US$2.1b

Price-To-Earnings vs Peers: CBRL is good value based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (18.7x).


Price to Earnings Ratio vs Industry

How does CBRL's PE Ratio compare vs other companies in the US Hospitality Industry?

Price-To-Earnings vs Industry: CBRL is good value based on its Price-To-Earnings Ratio (15.6x) compared to the US Hospitality industry average (16.9x)


Price to Earnings Ratio vs Fair Ratio

What is CBRL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CBRL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.6x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: CBRL is good value based on its Price-To-Earnings Ratio (15.6x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).


Share Price vs Fair Value

What is the Fair Price of CBRL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CBRL ($92.58) is trading below our estimate of fair value ($175.54)

Significantly Below Fair Value: CBRL is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Cracker Barrel Old Country Store forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBRL's forecast earnings growth (13.1% per year) is above the savings rate (1.9%).

Earnings vs Market: CBRL's earnings (13.1% per year) are forecast to grow slower than the US market (14.8% 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 (7.7% 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: CBRL's Return on Equity is forecast to be high in 3 years time (32.6%)


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Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CBRL has high quality earnings.

Growing Profit Margin: CBRL's current net profit margins (4%) are lower than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: CBRL's earnings have declined by 13.9% 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 (-48.2%) over the past year, making it difficult to compare to the Hospitality industry average (36.2%).


Return on Equity

High ROE: CBRL's Return on Equity (25.8%) is considered high.


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Financial Health

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

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CBRL's short term assets ($317.3M) do not cover its short term liabilities ($502.3M).

Long Term Liabilities: CBRL's short term assets ($317.3M) do not cover its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: CBRL's net debt to equity ratio (74%) is considered high.

Reducing Debt: CBRL's debt to equity ratio has increased from 74.7% to 82.8% over the past 5 years.

Debt Coverage: CBRL's debt is well covered by operating cash flow (48.5%).

Interest Coverage: CBRL's interest payments on its debt are well covered by EBIT (15.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.62%

Current Dividend Yield

Upcoming Dividend Payment

TodayOct 03 2022Ex Dividend DateOct 20 2022Dividend Pay DateNov 08 202219 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Dividend Yield vs Market

Cracker Barrel Old Country Store Dividend Yield vs Market
How does Cracker Barrel Old Country Store dividend yield compare to the market?
SegmentDividend Yield
Company (Cracker Barrel Old Country Store)5.6%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Hospitality)2.0%
Analyst forecast in 3 Years (Cracker Barrel Old Country Store)5.5%

Notable Dividend: CBRL's dividend (5.62%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: CBRL's dividend (5.62%) is in the top 25% of dividend payers in the US market (4.73%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (91.3%), CBRL's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (107.8%), CBRL's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

1.8yrs

Average management tenure


CEO

Sandy Cochran (64 yo)

11.08yrs

Tenure

US$7,581,052

Compensation

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


CEO Compensation Analysis

Sandy Cochran's Compensation vs Cracker Barrel Old Country Store Earnings
How has Sandy Cochran's remuneration changed compared to Cracker Barrel Old Country Store's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 29 2022n/an/a

US$132m

Apr 29 2022n/an/a

US$135m

Jan 28 2022n/an/a

US$141m

Oct 29 2021n/an/a

US$117m

Jul 30 2021US$8mUS$1m

US$255m

Apr 30 2021n/an/a

US$243m

Jan 29 2021n/an/a

US$48m

Oct 30 2020n/an/a

US$95m

Jul 31 2020US$6mUS$982k

-US$32m

May 01 2020n/an/a

US$7m

Jan 31 2020n/an/a

US$220m

Nov 01 2019n/an/a

US$219m

Aug 02 2019US$7mUS$1m

US$223m

May 03 2019n/an/a

US$220m

Feb 01 2019n/an/a

US$218m

Nov 02 2018n/an/a

US$248m

Aug 03 2018US$6mUS$1m

US$248m

Apr 27 2018n/an/a

US$240m

Jan 26 2018n/an/a

US$238m

Oct 27 2017n/an/a

US$200m

Jul 28 2017US$6mUS$1m

US$202m

Apr 28 2017n/an/a

US$199m

Jan 27 2017n/an/a

US$201m

Oct 28 2016n/an/a

US$197m

Jul 29 2016US$7mUS$1m

US$189m

Compensation vs Market: Sandy's total compensation ($USD7.58M) is above average for companies of similar size in the US market ($USD5.58M).

Compensation vs Earnings: Sandy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: CBRL's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CBRL's board of directors are considered experienced (5.3 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

NasdaqGS:CBRL Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
14 Mar 22SellUS$199,376Laura DailyIndividual1,700US$117.28

Ownership Breakdown

What is the ownership structure of CBRL?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders281,7351.3%
General Public1,617,2027.3%
Hedge Funds2,055,1419.3%
Institutions18,206,78582.2%

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


Top Shareholders

Top 25 shareholders own 72.33% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.42%
BlackRock, Inc.
2,530,936$234.3m-0.72%0.01%
10.55%
The Vanguard Group, Inc.
2,339,008$216.5m1.5%0.01%
9.27%
Biglari Capital LLC
2,055,141$190.3m0%42.56%
7.03%
EARNEST Partners, LLC
1,557,742$144.2m2.53%0.98%
3.58%
Macquarie Investment Management Business Trust
793,434$73.5m-16.26%0.08%
3.38%
State Street Global Advisors, Inc.
748,387$69.3m-2.44%no data
3.04%
American Century Investment Management Inc
673,884$62.4m-8.88%0.05%
2.83%
Managed Account Advisors LLC
626,842$58.0m-2%0.02%
2.11%
Dimensional Fund Advisors LP
466,527$43.2m0.15%0.01%
1.86%
Geode Capital Management, LLC
411,220$38.1m-1.82%0.01%
1.68%
BNY Mellon Asset Management
372,407$34.5m-21.21%0.01%
1.67%
AQR Capital Management, LLC
370,840$34.3m-1.96%0.08%
1.56%
DePrince, Race & Zollo, Inc.
344,686$31.9m15.96%0.81%
1.46%
Charles Schwab Investment Management, Inc.
323,579$30.0m7.54%0.01%
1.36%
Northern Trust Global Investments
301,111$27.9m-5.28%0.01%
1.33%
Wolf Hill Capital Management, LP
295,255$27.3m0%5.54%
1.26%
SEI Investments Company
278,454$25.8m26.2%0.04%
1.15%
Citadel Advisors LLC
254,061$23.5m223.15%0.04%
1.13%
William Blair Investment Management, LLC
251,519$23.3m-3.18%0.04%
1.08%
Fort Washington Investment Advisors, Inc.
238,552$22.1m0%0.18%
0.84%
Norges Bank Investment Management
186,716$17.3m0%no data
0.81%
New York State Common Retirement Fund
180,014$16.7m-1.07%0.02%
0.67%
Sandra Cochran
149,269$13.8m5.23%no data
0.65%
Millennium Management LLC
144,440$13.4m1415%0.02%
0.61%
Wells Fargo & Company, Securities and Brokerage Investments
134,597$12.5m3.85%0.01%

Company Information

Cracker Barrel Old Country Store, Inc.'s 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
  • Implied Market Cap: US$2.052b
  • Shares outstanding: 22.16m
  • Website: https://www.crackerbarrel.com

Number of Employees


Location

  • Cracker Barrel Old Country Store, Inc.
  • 305 Hartmann Drive
  • Lebanon
  • Tennessee
  • 37087-4779
  • United States


Listings

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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/07/29
Annual Earnings2022/07/29


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.