Last Updated: 14 Nov 2024
Executive Summary
Cracker Barrel Old Country Store (CBRL) is a publicly traded company that operates a chain of family-friendly restaurants in the United States. The company's stock is currently trading at $45.27, and has a market capitalization of $10.18 billion. CBRL has a strong financial position, with healthy revenue and earnings growth. The company also pays a dividend, which currently yields 2.18%.
Company Overview
Cracker Barrel Old Country Store was founded in 1969 in Lebanon, Tennessee. The company operates over 660 restaurants in 45 states. Cracker Barrel's restaurants are known for their home-style cooking, comfortable atmosphere, and friendly service. The company also sells a variety of retail items, including food products, home goods, and gifts.
Fundamental Analysis
Cracker Barrel Old Country Store has a strong financial position. The company's revenue has grown steadily over the past several years, and its earnings have also increased. In fiscal 2023, Cracker Barrel reported revenue of $3.47 billion and earnings per share of $1.80. The company's gross profit margin is 32%, and its operating margin is 2.48%. Cracker Barrel also has a strong balance sheet, with $1.2 billion in cash and equivalents and no long-term debt.
Technical Analysis
The technical analysis of Cracker Barrel Old Country Store's stock shows that the stock is currently in a downtrend. The stock's 50-day moving average is $44.59, and its 200-day moving average is $52.37. The stock's relative strength index (RSI) is 35.47, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Cracker Barrel Old Country Store's stock is mixed. The stock is currently trading below its 50-day and 200-day moving averages, which indicates that the stock is in a downtrend. However, the stock's RSI is oversold, which indicates that the stock may be due for a rebound.
Long Term Outlook
The long-term outlook for Cracker Barrel Old Country Store's stock is positive. The company has a strong financial position, and its revenue and earnings have grown steadily over the past several years. The company also pays a dividend, which provides investors with a steady stream of income.
Analyst Recommendations
The majority of analysts have a hold rating on Cracker Barrel Old Country Store's stock. The average analyst target price for the stock is $47.63.
