Cracker Barrel (CBRL) AI Stock Analysis

• Market Cap: $1.16B
• Dividend Yield: 1.92%
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): 20.2
• Beta (1Y): 0.95
• Revenue Growth: 2.84%
• EPS Growth: -4.44%
• Country: US
• Employees: 77,600
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Restaurants
• EPS (TTM): 0.58
• Shares Outstanding: 22,266,950
• 10 Day Avg. Volume: 1,537,892
• 30 Day Avg. Volume: 1,081,480
• PEG Ratio: -0.98
• Price to Book (P/B): 4.30
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.62
• Enterprise Value/Market Cap: 2.73
• Enterprise Value/Revenue: 0.23
• Enterprise Value/Gross Profit: 3.36
• Enterprise Value/Ebitda: 5.28
• 1Y Price Target: $54.00
• Price Target Upside: 3.73% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 65 Neutral
• Price Target: $58.00 ▲(11.41%Upside)

Cracker Barrel's overall stock score is primarily influenced by stable financial performance with pressure on profitability and leverage, supported by positive technical indicators. Valuation concerns and challenges in retail segment growth temper the outlook, though strategic board appointments and effective cost management provide potential for future improvement.

Positive Factors

Advertising and Brand Strategy

The company is investing in advertising to highlight brand refinement and new menu offerings, which is expected to leverage loyalty and improve operations.

Financial Performance

Management raised FY25 AEBITDA guidance to a range of $215M-$225M, indicating confidence in future performance despite some pressures.

Menu Popularity

The return of Campfire Meals, a historical customer favorite, was strongly embraced, contributing to positive SSS trends.

Negative Factors

Operating Expenses

Restaurant operating expenses are anticipated to remain elevated due to additional investments in media, impacting overall cost management.

Stock Valuation

CBRL is trading at a price-to-earnings ratio above its 5 and 10-year averages, contributing to the reiteration of an Underperform rating.

Traffic Decline

CBRL's 3Q traffic decline of approximately 5.3% lagged behind full-service peers, indicating challenges in attracting customers despite industry-wide headwinds.

Cracker Barrel Business Overview & Revenue Model

Company Description

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. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.

How the Company Makes Money

Cracker Barrel generates revenue through two primary streams: its restaurant operations and its retail stores. The restaurant segment is the largest contributor, offering a menu of Southern-inspired meals that attract a wide range of customers. Its retail stores complement the dining experience by selling unique and themed merchandise that appeals to their customer base. The synergy between the dining and retail aspects encourages patrons to spend more time and money at each location. Additionally, Cracker Barrel benefits from strategic locations near highway exits, catering to both local customers and travelers. The company also makes money through catering services and offers seasonal promotions that drive additional foot traffic and sales.

Cracker Barrel Financial Statement Overview

Summary

Cracker Barrel's financial performance shows moderate growth with stable cash flow but is pressured by low profit margins and significant leverage. While revenue grew, net income and profitability face challenges, necessitating improved expense management and leverage reduction.

Income Statement

Cracker Barrel's income statement shows moderate growth and profitability. The TTM (Trailing-Twelve-Months) gross profit margin is 45.02%, with a net profit margin of 1.03%. Revenue grew modestly by 1.02% from the previous annual report. However, the EBIT margin is low at 1.90%, and the EBITDA margin is 2.84%, indicating pressure on operating profitability. While there is revenue growth, the declining net income suggests challenges in controlling expenses.

Balance Sheet

The balance sheet reflects a stable yet leveraged position. The debt-to-equity ratio is 2.68, indicating significant leverage which may pose risk in a volatile market. The return on equity (ROE) is 7.81%, which is modest. The equity ratio stands at 21.44%, showing that a significant portion of the company's assets is financed by equity, but there is room for improvement in capital structure management.

Cash Flow

Cracker Barrel's cash flow statement indicates a stable cash generation capability. The free cash flow grew by 15.23% in the TTM period, and the operating cash flow to net income ratio is 5.58, highlighting efficient cash conversion from net income. However, the free cash flow to net income ratio is 1.30, suggesting that while free cash flow is positive, there are opportunities to enhance cash flow management to improve liquidity.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
3.51B	3.47B	3.44B	3.27B	2.82B	2.52B
	Gross Profit
942.23M	1.11B	1.11B	1.07B	973.06M	817.86M
	EBIT
66.77M	45.12M	120.62M	153.00M	148.94M	56.15M
	EBITDA
133.06M	156.87M	239.10M	153.00M	366.66M	284.07M
	Net Income Common Stockholders
35.99M	40.93M	99.05M	131.88M	254.51M	109.97M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
10.35M	12.04M	25.15M	45.10M	144.59M	437.00M
	Total Assets
2.15B	2.16B	2.22B	2.29B	2.39B	2.54B
	Total Debt
1.13B	1.20B	1.12B	1.20B	1.08B	1.54B
	Net Debt
1.12B	1.19B	1.09B	1.15B	930.97M	1.11B
	Total Liabilities
1.69B	1.72B	1.73B	1.78B	1.73B	2.13B
	Stockholders Equity
460.92M	440.15M	483.82M	511.48M	663.63M	418.39M
Cash Flow		Free Cash Flow
46.88M	40.69M	125.07M	108.15M	231.77M	-135.01M
	Operating Cash Flow
200.79M	168.98M	250.46M	205.25M	301.90M	161.00M
	Investing Cash Flow
-149.43M	-124.33M	-124.32M	-98.50M	78.33M	-157.23M
	Financing Cash Flow
-53.62M	-57.77M	-146.10M	-206.24M	-672.64M	396.34M

Cracker Barrel Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 52.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBRL, the sentiment is Neutral. The current price of 52.06 is below the 20-day moving average (MA) of 56.40, above the 50-day MA of 48.77, and above the 200-day MA of 48.03, indicating a neutral trend. The MACD of 1.44 indicates Positive momentum. The RSI at 46.46 is Neutral, neither overbought nor oversold. The STOCH value of 22.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CBRL.

Cracker Barrel Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAKE	74 Outperform	$2.82B	17.90	46.60%	1.89%	4.42%	48.23%
PTLO	72 Outperform	$855.89M	26.47	7.37%	―	4.57%	6.89%
BJRI	70 Neutral	$956.29M	46.05	6.01%	―	2.91%	-4.86%
CBRL	65 Neutral	$1.16B	20.21	12.90%	1.92%	2.84%	-4.44%
Sector *	62 Neutral	$6.82B	11.05	2.80%	4.32%	2.67%	-24.92%
BH	60 Neutral	$788.57M	14.87	-10.29%	―	0.85%	-571.58%
FWRG	58 Neutral	$916.12M	86.22	1.86%	―	14.43%	-53.71%

Cracker Barrel Corporate Events

Cracker Barrel Appoints Steve Bramlage to Board

On May 21, 2025, Cracker Barrel Old Country Store, Inc. announced the election of Steve Bramlage to its Board of Directors, increasing the board size from nine to ten members. Bramlage, currently the CFO of Casey’s General Stores, brings extensive retail industry knowledge and financial expertise, which is expected to support Cracker Barrel’s strategic transformation and deliver value to shareholders.

The most recent analyst rating on (CBRL) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Cracker Barrel stock, see the CBRL Stock Forecast page.

Cracker Barrel Enters New Credit Agreement with BofA

On May 16, 2025, Cracker Barrel Old Country Store, Inc. entered into a new credit agreement with Bank of America, reducing its revolving credit facility from $700 million to $550 million and introducing a new $250 million delayed draw term loan facility. The company also amended its bylaws to address shareholder concerns, adopting provisions like majority voting in uncontested director elections and proxy access for shareholders owning at least 3% of stock for three years.

The most recent analyst rating on (CBRL) stock is a Sell with a $54.00 price target. To see the full list of analyst forecasts on Cracker Barrel stock, see the CBRL Stock Forecast page.