Cracker Barrel (CBRL) AI Stock Analysis

• Market Cap: $585.22M
• Dividend Yield: 3.54%
• Average Volume (3M): 2.08M
• Price to Earnings (P/E): 35.2
• Beta (1Y): 0.87
• Revenue Growth: -1.61%
• EPS Growth: -58.09%
• Country: US
• Employees: 77,600
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): -0.74
• Shares Outstanding: 22,328,094
• 10 Day Avg. Volume: 3,076,800
• 30 Day Avg. Volume: 2,079,107
• PEG Ratio: 2.20
• Price to Book (P/B): 2.88
• Price to Sales (P/S): 0.38
• P/FCF Ratio: 22.06
• Enterprise Value/Market Cap: 3.45
• Enterprise Value/Revenue: 0.59
• Enterprise Value/Gross Profit: 3.10
• Enterprise Value/Ebitda: 17.15
• 1Y Price Target: $28.86
• Price Target Upside: 10.11% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): -1.16
• Revenue Forecast (FY): $3.26B

• Rating: 55 Neutral
• Price Target: $28.00 ▲(6.83% Upside)

Cracker Barrel's overall stock score reflects significant challenges in financial performance and technical analysis, with bearish momentum and declining profitability. While valuation metrics and dividend yield provide some support, the negative sentiment from the earnings call and operational difficulties weigh heavily on the score.

Positive Factors

Loyalty Program Growth

The growth in the loyalty program indicates strong customer engagement and potential for sustained revenue through repeat business, enhancing long-term customer retention and sales stability.

Cash Flow Improvement

Improved free cash flow growth suggests better financial health and operational efficiency, providing the company with more flexibility for investments and debt management.

Strategic Cost Management

Effective cost management through improved productivity and strategic pricing enhances margin sustainability, supporting long-term profitability.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns effectively.

Traffic Decline

The significant decline in customer traffic post-logo change suggests potential brand perception issues, impacting revenue and market position negatively.

Decreased Revenue Outlook

Lowered revenue outlook reflects challenges in achieving growth targets, potentially affecting investor confidence and long-term strategic planning.

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 primarily through its restaurant operations, where it serves breakfast, lunch, and dinner to customers. The company’s revenue model is heavily reliant on food and beverage sales, which account for the majority of its income. Additionally, the retail segment contributes to earnings by selling various products, including home goods, toys, and clothing, enhancing the overall customer experience. Key revenue streams include dine-in sales, takeout orders, and retail merchandise sales. The company also benefits from seasonal promotions and partnerships with suppliers for exclusive products, which can drive additional traffic and sales. Furthermore, Cracker Barrel has implemented strategies such as loyalty programs and targeted marketing to increase customer retention and boost overall sales.

Cracker Barrel Financial Statement Overview

Summary

Cracker Barrel's financial performance reflects challenges in profitability and leverage management. The income statement shows declining profit margins and inconsistent revenue growth. The balance sheet indicates high leverage, while cash flow generation is improving but still has room for enhancement.

Income Statement

Cracker Barrel's income statement shows a mixed performance. The gross profit margin is stable, but the net profit margin has decreased over the years, indicating pressure on profitability. Revenue growth has been inconsistent, with a notable decline in the most recent year. The EBIT and EBITDA margins have also declined, suggesting challenges in operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, indicating significant leverage which could pose financial risk. Return on equity has decreased over time, reflecting reduced profitability for shareholders. The equity ratio is relatively low, suggesting a reliance on debt financing.

Cash Flow

Cash flow analysis shows a positive trend in free cash flow growth, recovering from previous declines. The operating cash flow to net income ratio is stable, indicating good cash generation relative to net income. However, the free cash flow to net income ratio is moderate, suggesting room for improvement in cash flow management.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.48B	3.47B	3.44B	3.27B	2.82B
Gross Profit	1.15B	1.11B	1.11B	1.07B	973.06M
EBITDA	197.33M	156.87M	239.10M	315.07M	366.66M
Net Income	46.38M	40.93M	99.05M	131.88M	254.51M
Balance Sheet
Total Assets	2.16B	2.16B	2.22B	2.29B	2.39B
Cash, Cash Equivalents and Short-Term Investments	39.64M	12.04M	25.15M	45.10M	144.59M
Total Debt	1.13B	1.20B	1.12B	1.20B	1.08B
Total Liabilities	1.70B	1.72B	1.73B	1.78B	1.73B
Stockholders Equity	461.69M	440.15M	483.82M	511.48M	663.63M
Cash Flow
Free Cash Flow	60.25M	40.69M	125.07M	108.15M	231.77M
Operating Cash Flow	218.90M	168.98M	250.46M	205.25M	301.90M
Investing Cash Flow	-156.70M	-124.33M	-124.32M	-98.50M	78.33M
Financing Cash Flow	-34.59M	-57.77M	-146.10M	-206.24M	-672.64M

Cracker Barrel Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 26.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBRL, the sentiment is Negative. The current price of 26.21 is below the 20-day moving average (MA) of 27.57, below the 50-day MA of 31.31, and below the 200-day MA of 46.58, indicating a bearish trend. The MACD of -1.31 indicates Negative momentum. The RSI at 37.59 is Neutral, neither overbought nor oversold. The STOCH value of 30.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CBRL.

Cracker Barrel Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EAT	70 Neutral	$6.64B	15.49	249.07%	―	23.18%	138.17%
CAKE	66 Neutral	$2.59B	15.80	39.14%	2.09%	4.90%	27.14%
NATH	61 Neutral	$392.43M	17.28	―	1.98%	7.81%	4.58%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PZZA	57 Neutral	$1.34B	36.03	―	4.51%	-0.64%	-60.71%
CBRL	55 Neutral	$585.22M	35.25	3.89%	3.54%	-1.61%	-58.09%
GENK	41 Neutral	$81.34M	-9.49	-8.89%	1.21%	9.36%	-249.08%

Cracker Barrel Corporate Events

Cracker Barrel Shareholders Approve Key Proposals at Meeting

On November 20, 2025, Cracker Barrel Old Country Store, Inc. held its annual meeting of shareholders, where several key proposals were approved. These included the amendment to the 2020 Omnibus Incentive Plan, the election of nine directors, and the ratification of Deloitte & Touche LLP as the independent auditor for the 2026 fiscal year. Additionally, shareholders approved various advisory proposals related to executive compensation and bylaw provisions, reflecting strong shareholder engagement and support for the company’s governance and strategic direction.

Cracker Barrel Announces Leadership and Organizational Changes

On October 2, 2025, Cracker Barrel Old Country Store, Inc. announced significant leadership and organizational changes, including the departure of Cammie Spillyards-Schaefer, the Senior Vice President and Chief Restaurant and Retail Operations Officer. These changes are part of a strategic initiative to enhance focus on food quality and guest experience, with promotions and role expansions for key personnel. The company aims to streamline operations and improve guest interactions, while ending its engagement with the consultancy firm Prophet.