Cracker Barrel (CBRL) AI Stock Analysis

• Market Cap: $1.25B
• Dividend Yield: 1.83%
• Average Volume (3M): 941.13K
• Price to Earnings (P/E): 34.9
• Beta (1Y): 0.96
• Revenue Growth: 2.26%
• EPS Growth: -56.99%
• Country: US
• Employees: 77,600
• Sector: Consumer Cyclical
• Sector Strength: 72
• Industry: Restaurants
• EPS (TTM): 1.38
• Shares Outstanding: 22,263,481
• 10 Day Avg. Volume: 972,038
• 30 Day Avg. Volume: 941,134
• PEG Ratio: -2.42
• Price to Book (P/B): 2.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 20.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $45.75
• Price Target Upside: -18.20% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 66 Neutral
• Price Target: $48.00 ▼( -14.18% Downside)

Cracker Barrel's stock score is driven by strong earnings momentum and technical indicators, indicating growth potential. However, high valuation and financial leverage pose risks. The strategic board appointment supports confidence in future transformation efforts.

Positive Factors

Loyalty Program

The loyalty program has been successful with 7 million members, leading to higher visit frequency and average spend, prompting further investment in customer personalization.

Menu Innovation

Recent menu innovations have been well-received, boosting consumer satisfaction scores, traffic trajectory, and margins.

Retail Segment Performance

Retail segment performance was surprisingly strong, generating positive same-store sales for the first time in eight quarters.

Negative Factors

Remodeling Strategy

Caution surrounds the remodeling strategy, as ongoing efforts to perfect the remodel could delay fleet-wide updates until FY28/FY29.

Sourcing Challenges

33% of product sourcing for the Retail division comes from China, which could potentially cause margin pressure due to increased costs.

Traffic Trends

Softer-than-expected traffic trends have been observed, pressured by both weather conditions and declining consumer confidence.

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 two main business segments: restaurant sales and retail sales. The majority of the company's income comes from its restaurant operations, which offer a range of Southern-inspired meals throughout the day. These restaurants attract a diverse clientele seeking a home-style dining experience. The retail segment contributes to the company's earnings by selling various products in its on-site gift shops. These items include apparel, toys, home furnishings, and specialty food items, which are often themed around the company's Southern country motif. Cracker Barrel's unique combination of dining and retail experiences allows it to capitalize on cross-selling opportunities, enhancing customer engagement and increasing average transaction values. Additionally, strategic location choices along highways and in tourist areas help maintain a steady stream of visitors.

Cracker Barrel Financial Statement Overview

Summary

Cracker Barrel demonstrates moderate revenue growth and profitability pressures. The income statement shows a modest revenue growth of 1.02%, but with low EBIT and EBITDA margins, indicating operating challenges. The balance sheet is stable but highly leveraged with a debt-to-equity ratio of 2.68. Cash flow is strong, with a significant 15.23% growth in free cash flow, suggesting good cash generation despite profitability challenges.

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: Positive
• Last Price: 55.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 55.93 is above the 20-day moving average (MA) of 48.90, above the 50-day MA of 43.87, and above the 200-day MA of 46.74, indicating a bullish trend. The MACD of 3.74 indicates Negative momentum. The RSI at 70.32 is Negative, neither overbought nor oversold. The STOCH value of 83.31 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
PTLO	75 Outperform	$876.84M	27.12	7.37%	―	4.57%	6.89%
CAKE	73 Outperform	$2.59B	16.43	46.60%	2.06%	4.42%	48.23%
BJRI	70 Neutral	$917.81M	44.20	6.01%	―	2.91%	-4.86%
CBRL	66 Neutral	$1.25B	34.91	7.80%	1.83%	2.26%	-56.99%
Sector *	62 Neutral	$6.88B	11.26	2.78%	3.93%	2.65%	-22.00%
FWRG	58 Neutral	$999.07M	89.27	1.86%	―	14.43%	-53.71%
BH	52 Neutral	$731.33M	14.87	-10.29%	―	0.85%	-571.58%

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.

Cracker Barrel Board Member Meg Crofton Resigns

On February 26, 2025, Meg G. Crofton announced her resignation from the Board of Directors of Cracker Barrel Old Country Store, Inc., effective immediately, citing personal reasons. Her departure is not due to any disagreements with the company, and she expressed gratitude for her eight years of service, wishing the company continued success.