Cracker Barrel (CBRL) AI Stock Analysis

• Market Cap: $1.49B
• Dividend Yield: 1.47%
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): 26.0
• Beta (1Y): 0.93
• Revenue Growth: 2.84%
• EPS Growth: -4.44%
• Country: US
• Employees: 77,600
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Restaurants
• EPS (TTM): 0.58
• Shares Outstanding: 22,266,950
• 10 Day Avg. Volume: 1,102,515
• 30 Day Avg. Volume: 1,166,865
• PEG Ratio: 0.39
• Price to Book (P/B): 2.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 53.76
• Enterprise Value/Market Cap: 1.67
• Enterprise Value/Revenue: 0.18
• Enterprise Value/Gross Profit: 2.16
• Enterprise Value/Ebitda: 4.19
• 1Y Price Target: $54.00
• Price Target Upside: -19.26% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 71 Outperform
• Price Target: $75.00 ▲(12.14%Upside)

Cracker Barrel's stock score is driven by strong technical performance and positive earnings call insights, indicating potential for recovery and growth. However, high valuation and financial risks due to low profit margins and declining free cash flow present challenges. The company shows resilience with effective cost management and strategic initiatives, but retail sales decline and tariff impacts remain concerns.

Positive Factors

Advertising and Branding

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.

Product Offering

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. (CBRL) is an American chain of combined restaurant and gift stores with a Southern country theme. Founded in 1969 and headquartered in Lebanon, Tennessee, Cracker Barrel operates throughout the United States, offering a unique dining experience that includes traditional Southern cuisine. The company is renowned for its country-style décor and a retail store that sells a variety of items such as home goods, toys, and food products.

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 has shown revenue growth and maintains stable gross profit margins, reflecting effective revenue management. However, profit margins are compressed, and leverage levels could pose financial risks. Cash flow generation is adequate but has seen a decline in free cash flow, indicating potential challenges in liquidity management. Overall, the financial position is stable but could benefit from improved profitability and cash flow enhancement.

Income Statement

Cracker Barrel's revenue growth has been steady, with a notable increase in the most recent TTM period. The gross profit margin is solid, indicating good cost management. However, the net profit margin is relatively low, suggesting potential inefficiencies or high expenses. EBIT and EBITDA margins are moderate, indicating average operational performance in the industry.

Balance Sheet

The balance sheet shows a moderate level of debt relative to equity, which could pose financial risk if not managed well. Return on Equity (ROE) is reasonable but has shown a declining trend. The equity ratio is stable, suggesting a balanced asset financing strategy, though there's room for improvement in strengthening equity.

Cash Flow

Cracker Barrel's cash flow statements highlight a decline in free cash flow from previous years, which could indicate less cash available for reinvestment or debt reduction. The operating cash flow relative to net income is strong, suggesting good cash generation from operations, but the free cash flow to net income ratio has weakened, reflecting lower cash efficiency.

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	1.15B	1.11B	1.11B	1.07B	973.06M	817.86M
EBITDA	169.84M	156.87M	239.10M	153.00M	366.66M	284.07M
Net Income	57.76M	40.93M	99.05M	131.88M	254.51M	109.97M
Balance Sheet
Total Assets	2.14B	2.16B	2.22B	2.29B	2.39B	2.54B
Cash, Cash Equivalents and Short-Term Investments	9.81M	12.04M	25.15M	45.10M	144.59M	437.00M
Total Debt	1.14B	1.20B	1.12B	1.20B	1.08B	1.54B
Total Liabilities	1.67B	1.72B	1.73B	1.78B	1.73B	2.13B
Stockholders Equity	469.31M	440.15M	483.82M	511.48M	663.63M	418.39M
Cash Flow
Free Cash Flow	25.06M	40.69M	125.07M	108.15M	231.77M	-135.01M
Operating Cash Flow	186.20M	168.98M	250.46M	205.25M	301.90M	161.00M
Investing Cash Flow	-155.76M	-124.33M	-124.32M	-98.50M	78.33M	-157.23M
Financing Cash Flow	-32.48M	-57.77M	-146.10M	-206.24M	-672.64M	396.34M

Cracker Barrel Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 66.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBRL, the sentiment is Positive. The current price of 66.88 is above the 20-day moving average (MA) of 59.45, above the 50-day MA of 54.32, and above the 200-day MA of 49.58, indicating a bullish trend. The MACD of 3.10 indicates Negative momentum. The RSI at 65.79 is Neutral, neither overbought nor oversold. The STOCH value of 89.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$3.25B	20.63	46.60%	1.65%	4.42%	48.23%
PTLO	74 Outperform	$921.72M	28.51	7.37%	―	4.57%	6.89%
CBRL	71 Outperform	$1.49B	25.96	12.90%	1.47%	2.84%	-4.44%
BJRI	70 Neutral	$1.02B	49.08	6.01%	―	2.91%	-4.86%
FWRG	69 Neutral	$1.08B	101.38	1.86%	―	14.43%	-53.71%
BH	60 Neutral	$889.53M	14.87	-10.29%	―	0.85%	-571.58%
Sector *	56 Neutral	$3.37B	4.05	-1.30%	6.64%	0.16%	-63.79%

Cracker Barrel Corporate Events

Cracker Barrel Issues $345M Convertible Senior Notes

On June 13, 2025, Cracker Barrel Old Country Store, Inc. completed the issuance and sale of $345 million in 1.75% Convertible Senior Notes due 2030, with net proceeds of approximately $333.9 million. The funds are intended for general corporate purposes, including repurchasing $150 million of existing notes and entering into capped call transactions to mitigate potential stock dilution. The issuance is part of Cracker Barrel’s strategy to manage its debt and financial positioning, with implications for its market operations and stakeholder interests.

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 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.