We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bear of the Day: Cracker Barrel Old Country Store (CBRL)
Read MoreHide Full Article
Cracker Barrel Old Country Store (CBRL - Free Report) owns and operates full-service dining locations with a restaurant and a retail store in the same unit. Analysts have taken a bearish stance on the company’s outlook, pushing it down into an unfavorable Zacks Rank #5 (Strong Sell).
Image Source: Zacks Investment Research
Let’s take a closer look at the company.
Cracker Barrel
CBRL shares haven’t fared well over the last year, down 23% and widely underperforming relative to the general market. Shares moved lower following several of the quarterly prints in 2023 but have appeared to stabilize following its latest release.
While the recent price action is inspiring, the company’s pressured outlook certainly can’t be ignored.
Image Source: Zacks Investment Research
The adverse price action has bumped up CBRL’s annual dividend yield, currently paying a sizable 6.9% annually. Still, the company’s 104% payout ratio remains a concern, reflecting that it’s paying more out to shareholders than earnings generated.
Image Source: Zacks Investment Research
The company has primarily posted mixed earnings results as of late, falling short of the Zacks Consensus EPS Estimate by an average of -7% across its last four releases. Top line results have also been under pressure, with CBRL missing consensus revenue expectations in three consecutive releases.
Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Bottom Line
Negative earnings estimate revisions from analysts and mixed quarterly results paint a challenging picture for the company’s shares in the near term.
Cracker Barrel Old Country Store (CBRL - Free Report) is a Zacks Rank #5 (Strong Sell), indicating that analysts have taken a bearish stance on the company’s earnings outlook.
For those seeking strong stocks, a great idea would be to focus on stocks carrying a Zacks Rank #1 (Strong Buy) or a Zacks Rank #2 (Buy) – these stocks sport a notably stronger earnings outlook paired with the potential to deliver explosive gains in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Bear of the Day: Cracker Barrel Old Country Store (CBRL)
Cracker Barrel Old Country Store (CBRL - Free Report) owns and operates full-service dining locations with a restaurant and a retail store in the same unit. Analysts have taken a bearish stance on the company’s outlook, pushing it down into an unfavorable Zacks Rank #5 (Strong Sell).
Image Source: Zacks Investment Research
Let’s take a closer look at the company.
Cracker Barrel
CBRL shares haven’t fared well over the last year, down 23% and widely underperforming relative to the general market. Shares moved lower following several of the quarterly prints in 2023 but have appeared to stabilize following its latest release.
While the recent price action is inspiring, the company’s pressured outlook certainly can’t be ignored.
Image Source: Zacks Investment Research
The adverse price action has bumped up CBRL’s annual dividend yield, currently paying a sizable 6.9% annually. Still, the company’s 104% payout ratio remains a concern, reflecting that it’s paying more out to shareholders than earnings generated.
Image Source: Zacks Investment Research
The company has primarily posted mixed earnings results as of late, falling short of the Zacks Consensus EPS Estimate by an average of -7% across its last four releases. Top line results have also been under pressure, with CBRL missing consensus revenue expectations in three consecutive releases.
Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Bottom Line
Negative earnings estimate revisions from analysts and mixed quarterly results paint a challenging picture for the company’s shares in the near term.
Cracker Barrel Old Country Store (CBRL - Free Report) is a Zacks Rank #5 (Strong Sell), indicating that analysts have taken a bearish stance on the company’s earnings outlook.
For those seeking strong stocks, a great idea would be to focus on stocks carrying a Zacks Rank #1 (Strong Buy) or a Zacks Rank #2 (Buy) – these stocks sport a notably stronger earnings outlook paired with the potential to deliver explosive gains in the near term.