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.

Snowflake

Fundamentals

Average dividend payer with mediocre balance sheet.


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


Market Performance


7 Day Return

-3.1%

CBRL

2.0%

US Hospitality

1.3%

US Market


1 Year Return

-1.4%

CBRL

2.1%

US Hospitality

5.9%

US Market

Return vs Industry: CBRL underperformed the US Hospitality industry which returned 2.1% over the past year.

Return vs Market: CBRL underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

CBRLIndustryMarket
7 Day-3.1%2.0%1.3%
30 Day-5.6%-6.0%-1.9%
90 Day-13.2%-6.3%-1.8%
1 Year3.4%-1.4%4.5%2.1%8.3%5.9%
3 Year35.8%17.4%43.0%33.7%45.6%36.2%
5 Year81.1%41.7%41.1%25.5%66.1%47.9%

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?

16.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CBRL ($155.1) is trading above our estimate of fair value ($119.71)

Significantly Undervalued: CBRL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CBRL is good value based on its PE Ratio (16.7x) compared to the Hospitality industry average (22.5x).

PE vs Market: CBRL is good value based on its PE Ratio (16.7x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: CBRL is poor value based on its PEG Ratio (13.4x)


Price to Book Ratio

PB vs Industry: CBRL is overvalued based on its PB Ratio (6.2x) compared to the US Hospitality industry average (2.1x).


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 9 analysts?

1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBRL's forecast earnings growth (1.2% per year) is below the savings rate (2.7%).

Earnings vs Market: CBRL's earnings (1.2% per year) are forecast to grow slower than the US market (14.4% per year).

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

Revenue vs Market: CBRL's revenue (3.5% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: CBRL's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

10.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CBRL's earnings have grown by 10.7% 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 (-9.8%) over the past year, making it difficult to compare to the Hospitality industry average (-13.9%).


Return on Equity

High ROE: CBRL's Return on Equity (36.9%) is considered high.


Return on Assets

ROA vs Industry: CBRL has a higher Return on Assets than the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: CBRL's Return on Capital Employed has declined over the past 3 years.


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 ($242.4M) do not cover its short term liabilities ($392.5M)

Long Term Liabilities: CBRL's short term assets (242.4M) do not cover its long term liabilities (584.0M)


Debt to Equity History and Analysis

Debt Level: CBRL's debt to equity ratio (67.9%) is considered high

Reducing Debt: CBRL's debt to equity ratio has reduced from 77.1% to 67.9% over the past 5 years.

Debt Coverage: CBRL's debt is well covered by operating cash flow (88.4%).

Interest Coverage: CBRL's interest payments on its debt are well covered by EBIT (17.2x 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?

5.29%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Cracker Barrel Old Country Store before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company5.3%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years4.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CBRL's dividend (5.29%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: CBRL's dividend (5.29%) is in the top 25% of dividend payers in the US market (3.77%)

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 (54.3%), 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

What is the CEO of Cracker Barrel Old Country Store's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Sandy Cochran (61yo)

8.1yrs

Tenure

US$6,234,602

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 ($USD6.23M) is about average for companies of similar size in the US market ($USD5.10M).

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


Management Age and Tenure

4.3yrs

Average Tenure

56yo

Average Age

Experienced Management: CBRL's management team is considered experienced (4.3 years average tenure).


Board Age and Tenure

7.8yrs

Average Tenure

68.5yo

Average Age

Experienced Board: CBRL's board of directors are considered experienced (7.8 years average tenure).


Insider Trading

Insider Buying: CBRL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$3,280,80027 Sep 19
Sandra Cochran
EntityIndividual
Role
Chief Executive Officer
President
Shares20,000
Max PriceUS$164.04
SellUS$44,302,63912 Aug 19
Biglari Capital Corp.
EntityCompany
Shares258,640
Max PriceUS$171.71
SellUS$49,412,53912 Aug 19
Biglari Capital Corp.
EntityCompany
Shares288,640
Max PriceUS$171.71
SellUS$13,243,04112 Jul 19
Biglari Capital Corp.
EntityCompany
Shares75,910
Max PriceUS$176.11
SellUS$25,723,18609 Jul 19
Biglari Capital Corp.
EntityCompany
Shares149,150
Max PriceUS$172.76
SellUS$42,049,57303 Jul 19
Biglari Capital Corp.
EntityCompany
Shares244,121
Max PriceUS$173.42
SellUS$41,028,53401 Jul 19
Biglari Capital Corp.
EntityCompany
Shares240,187
Max PriceUS$171.83
SellUS$22,878,28927 Jun 19
Biglari Capital Corp.
EntityCompany
Shares134,097
Max PriceUS$170.61
SellUS$36,031,36426 Jun 19
Biglari Capital Corp.
EntityCompany
Shares211,243
Max PriceUS$170.83
SellUS$16,830,39819 Jun 19
Biglari Capital Corp.
EntityCompany
Shares98,939
Max PriceUS$170.53
SellUS$428,14825 May 19
Biglari Capital Corp.
EntityCompany
Shares2,520
Max PriceUS$169.90
SellUS$2,062,34314 May 19
Biglari Capital Corp.
EntityCompany
Shares12,130
Max PriceUS$170.02
SellUS$5,107,46120 Feb 19
Biglari Capital Corp.
EntityCompany
Shares29,704
Max PriceUS$172.01
SellUS$22,898,62815 Feb 19
Biglari Capital Corp.
EntityCompany
Shares134,752
Max PriceUS$170.11
SellUS$13,326,78312 Feb 19
Biglari Capital Corp.
EntityCompany
Shares78,673
Max PriceUS$170.49
SellUS$29,223,41307 Feb 19
Biglari Capital Corp.
EntityCompany
Shares171,978
Max PriceUS$170.30
SellUS$28,162,22529 Jan 19
Biglari Capital Corp.
EntityCompany
Shares166,179
Max PriceUS$169.54
SellUS$9,557,98924 Jan 19
Biglari Capital Corp.
EntityCompany
Shares56,494
Max PriceUS$169.19
SellUS$1,600,41419 Jan 19
Biglari Capital Corp.
EntityCompany
Shares9,461
Max PriceUS$170.00
SellUS$286,45016 Jan 19
Biglari Capital Corp.
EntityCompany
Shares1,685
Max PriceUS$170.00
SellUS$25,335,78015 Jan 19
Biglari Capital Corp.
EntityCompany
Shares149,683
Max PriceUS$169.43
SellUS$7,236,05019 Dec 18
Biglari Capital Corp.
EntityCompany
Shares42,258
Max PriceUS$172.42
SellUS$22,684,18014 Dec 18
Biglari Capital Corp.
EntityCompany
Shares129,600
Max PriceUS$175.20
SellUS$44,420,15104 Dec 18
Biglari Capital Corp.
EntityCompany
Shares243,718
Max PriceUS$182.57

Ownership Breakdown


Management Team

  • Sandy Cochran (61yo)

    President

    • Tenure: 8.1yrs
    • Compensation: US$6.23m
  • Rich Wolfson (52yo)

    Senior VP

    • Tenure: 2.3yrs
    • Compensation: US$1.00m
  • Michael Hackney (63yo)

    Senior Vice President of Restaurant & Retail Operations

    • Tenure: 0.5yrs
  • Doug Couvillion (55yo)

    Senior Vice President of Sourcing & Supply Chain

    • Tenure: 8.3yrs
    • Compensation: US$688.80k
  • Laura Daily (56yo)

    Senior Vice President of Retail

    • Tenure: 7.4yrs
    • Compensation: US$760.38k
  • Jill Golder (57yo)

    Senior VP & CFO

    • Tenure: 3.3yrs
    • Compensation: US$1.41m
  • Jeff Wilson (44yo)

    Principal Accounting Officer

    • Tenure: 4.3yrs
  • Adam Hannon

    Manager of Investor Relations

    • Tenure: 0yrs

Board Members

  • Norman Johnson (70yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: US$220.68k
  • Sandy Cochran (61yo)

    President

    • Tenure: 8.1yrs
    • Compensation: US$6.23m
  • Andrea Weiss (63yo)

    Independent Director

    • Tenure: 16.2yrs
    • Compensation: US$227.69k
  • Bill McCarten (70yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: US$214.31k
  • Carl Berquist (67yo)

    Director

    • Tenure: 0.8yrs
  • Richard Dobkin (74yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$225.27k
  • Jim Bradford (72yo)

    Independent Chairman

    • Tenure: 6.9yrs
    • Compensation: US$305.07k
  • Coleman Peterson (71yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$216.45k
  • Meg Crofton (65yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$235.15k
  • Tom Barr (51yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$200.43k

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$3.730b
  • Shares outstanding: 24.05m
  • 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 compa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:01
End of Day Share Price2019/10/14 00:00
Earnings2019/08/02
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.