L'intérêt à découvert pour Cracker Barrel Old donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Cracker Barrel Old. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Cracker Barrel Old (NASDAQ:CBRL) Stock, Rapport sur les intérêts à découvert

Cracker Barrel Old

Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.

Cracker Barrel Old Country Store, Inc. - Common Stock

Cracker Barrel Old Country Store Inc

After years of struggling with COVID-related disruptions, labor shortages, inflation, and shifting consumer habits, Cracker Barrel (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>) is turning a corner. The FQ4 and full-year 2024 results are lackluster, and the guidance is tepid, but it could have been worse, much worse, and there is an expectation that improvements will continue gaining traction in F2025. It may take time for the market to build a stronger base and set itself up to sustain a rally, but lower prices are unlikely, and there is a dividend to consider.&nbsp;
A growing expectation for a distribution cut was among the factors driving the share price action over the past two years, confirmed last quarter. With the payment right-sized to the current operational quality, the payout ratio is a sustainable 30% of the 2025 outlook, yielding 2.4% to investors buying near the current lows.&nbsp;
Investors shouldn&#39;t expect a dividend increase soon: sustainability is the operative word. Cracker Barrel has a fortress balance sheet that can sustain the current payment while it invests in its turnaround efforts. These include optimizing menu and price, remodeling, and improving customer experiences to drive revenue growth and widening margin.&nbsp;
<h2>Cracker Barrel Struggles in Q4 Despite Growth</h2>
Cracker Barrel&#39;s struggles are not over. The Q4 revenue of $894.4 million is up nearly 7% compared to last year, but due to one-offs like an extra 53rd week for the year and higher realized prices. Revenue is down 0.6% when adjusted for the additional week, and comp-store gains of 0.4% are due entirely to the 4.2% increase in average menu pricing. Retail sales, the higher margin business, contracted by 4.2% and suggests weakness will continue in F2025. Revenue is also below the consensus forecast, but that fact is offset by the revision trend, which feared much worse.&nbsp;
Margin news is also mixed with the company&#39;s costs rising at all levels on a GAAP and adjusted basis. However, the $0.98 in adjusted earnings is sufficient to sustain the company&#39;s financial health while paying dividends despite falling short of the consensus. Inflation is expected to run at a low-single-digit pace in F2025 and will continue to pressure the margin until traffic trends improve.
The guidance is optimistic, aligning with the consensus estimates despite the decline in consensus posted over the past year. The takeaway is that analysts had feared worse, and revenue will hold steady in 2025 compared to the last two years, with a chance of outperformance on the top and bottom lines.&nbsp;
<h2>There Is a Floor for Cracker Barrel&#39;s Price Action</h2>
The sell-side, including analysts and institutions, has signaled a floor for the price action.&nbsp; Although analysts have lowered their price targets this year, the market outran the trend and is now trading at the low end of the target range. Analysts rate the stock at reduce but see it trading with a low price of $42.00 and a consensus of $54.50, a gain of 27% when reached. Among the opportunities for investors is the potential for a revision trend as comps get easier and improvement efforts gain traction.
The institutions are buying Cracker Barrel. The broad group of institutions has bought on balance every quarter this year, and the activity ramped higher in Q3. Institutional activity also hit a multi-year high, aligning with bottoming action on the charts, and includes activist investor Sidar Biglari. Biglari is mounting a second attempt at taking control of the restaurant chain and is vying for up to ten seats on the board. Biglari is the chairman and CEO of Biglari Holdings, a conglomerate focused on restaurant chains Steak-n-Shake and Western Sizzlin&#39;.&nbsp;
<h2>Cracker Barrel Trading at Rock Bottom</h2>
Cracker Barrel&#39;s shares moved higher on the news but continue to struggle with resistance. The bottom appears to be in place, and market sentiment is shifting, but a price reversal isn&#39;t evident on the charts yet. The move has the market above the 9- and 30-day EMAs, which show a bullish crossover and provide a target for significant support that may lead to a reversal later this year. Shares of CBRL may retest that level soon and will likely provide a buying signal when they do. Short interest is also a factor, running near 12%. The shorts will continue to weigh on the action and provide ample fuel for a short-covering rally or short squeeze, so volatility is expected regardless of the stock price direction.&nbsp;
<img alt="Cracker Barrel CBRL stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240919094102_chart-cbrl-9192024.png" style="height:426px; width:917px" />
The article &quot;<a href="https://www.marketbeat.com/originals/cracker-barrel-is-at-the-bottom-of-the-barrel-time-to-buy/">Cracker Barrel Is at the Bottom of the Barrel: Time to Buy? </a>&quot; first appeared on MarketBeat.

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CBRL

Cracker Barrel Is at the Bottom of the Barrel: Time to Buy?

Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $43.8, a high estimate of $46.00, and a low estimate of $42.00. A 3.1% drop is evident in the current average compared to the previous average price target of $45.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1726855286_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Cracker Barrel Old by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$44.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$45.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$42.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$46.00</td>
<td>$48.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cracker Barrel Old. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Cracker Barrel Old compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Cracker Barrel Old's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Cracker Barrel Old's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CBRL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cracker Barrel Old analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Cracker Barrel Old Better</h2>
Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.
<h3>A Deep Dive into Cracker Barrel Old's Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Cracker Barrel Old's revenue growth over 3 months faced difficulties. As of 30 April, 2024, the company experienced a decline of approximately -1.87%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Cracker Barrel Old's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -1.13%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Cracker Barrel Old's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.07%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Cracker Barrel Old's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.42%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Cracker Barrel Old's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.7.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Cracker Barrel Old Through The Eyes Of 5 Analysts

B of A Securities analyst Sara Senatore maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Underperform and raises the price target from $40 to $42.

B of A Securities Maintains Underperform on Cracker Barrel Old, Raises Price Target to $42

Truist Securities analyst Jake Bartlett maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Hold and raises the price target from $42 to $44.

Truist Securities Maintains Hold on Cracker Barrel Old, Raises Price Target to $44

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $215 to $200. Morgan Stanley analyst Ravi Shanker downgraded the stock from Equal-Weight to Underweight. FedEx shares gained 0.7% to close at $300.39 on Thursday.<a href="https://www.benzinga.com/quote/FDX/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Loop Capital cut the price target for Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) from $50 to $45. Loop Capital analyst Alton Stump maintained a Hold rating. Cracker Barrel shares fell 1.1% to close at $41.11 on Thursday. <a href="https://www.benzinga.com/quote/cbrl/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs slashed Terex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) price target from $72 to $62. Goldman Sachs analyst Jerry Revich maintained a Neutral rating. Terex shares fell 3.6% to close at $53.83 on Thursday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) price target from $3,900 to $3,350. Evercore ISI Group analyst Greg Melich maintained an Outperform rating. AutoZone shares fell 1.1% to close at $3,040.09 on Thursday. <a href="https://www.benzinga.com/quote/azo/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from $100 to $110. Baird analyst Jonathan Komp maintained an Outperform rating. NIKE rose 0.1% to close at $80.98 on Thursday. S<a href="https://www.benzinga.com/quote/nke/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Piper Sandler increased Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) price target from $320 to $329. Piper Sandler analyst Arvind Ramnani maintained a Neutral rating. Accenture shares fell 0.3% to close at $335.24 on Thursday. <a href="https://www.benzinga.com/quote/acn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) price target from $150 to $165. TD Cowen analyst Andrew Charles maintained a Hold rating. Darden shares gained 8.3% to close at $172.27 on Thursday. <a href="https://www.benzinga.com/quote/dri/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital decreased the price target for Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from $50 to $40. RBC Capital analyst Matthew Hedberg downgraded the stock from Outperform to Sector Perform. Rapid7 shares rose 1.5% to close at $34.35 on Thursday.<a href="https://www.benzinga.com/quote/rpd/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Needham cut DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) price target from $33 to $22. Needham analyst Laura Martin maintained a Buy rating. DoubleVerify shares fell 0.4% to close at $17.23 on Thursday. <a href="https://www.benzinga.com/quote/dv/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised American Healthcare REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) price target from $18 to $30. JMP Securities analyst Aaron Hecht maintained a Market Outperform rating. American Healthcare shares gained 3.6% to close at $25.41 on Thursday. <a href="https://www.benzinga.com/quote/ahr/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-1024x490.png" alt="" class="wp-image-558256" style="width:566px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-1024x490.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-300x144.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-768x367.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164.png 1415w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

Nike To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Friday

Loop Capital analyst Alton Stump maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Hold and lowers the price target from $50 to $45.

Loop Capital Maintains Hold on Cracker Barrel Old, Lowers Price Target to $45

Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) reported fourth-quarter adjusted earnings per share of 98 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40936522/cracker-barrel-reports-fourth-quarter-fiscal-2024-results" rel="noreferrer noopener">missing the street view of $1.10. </a>Quarterly sales of $894.39 million (+6.9%), missing the analyst consensus of $897.22 million.
For the fourth quarter of fiscal 2024, total revenue includes a $62.8 million boost from the 53rd week.
Cracker Barrel&#8217;s comparable store restaurant sales rose by 0.4%, driven by total menu price increases of 4.2%.
However, comparable store retail sales fell by 4.2% compared to the same quarter last year.
Adjusted EBITDA&nbsp;was&nbsp;$57.4 million, or&nbsp;6.4%&nbsp;of total revenue versus $70.4 million, or&nbsp;8.4%&nbsp;of total revenue in the same period a year earlier.
The company announced that it has approved a quarterly dividend of $0.25 per share on its common stock. This dividend will be payable on November 13 to shareholders recorded as of October 18.
Outlook: Cracker Barrel projects FY25 total revenue between $3.4 billion and $3.5 billion, <a href="https://www.benzinga.com/calendars/guidance">compared to the $3.474 billion estimate.</a>
Cracker Barrel plans to open two new stores and three to four new Maple Street Biscuit Company units.
The company anticipates commodity inflation of 2% to 3% and hourly wage inflation of 3% to 4% compared to the previous year. It projects adjusted EBITDA between $200 million and $215 million, with capital expenditures ranging from $160 million to $180 million.
Price Action: CBRL shares are trading lower by 0.67% to $41.28 at last check Thursday.
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Equities

Cracker Barrel Battles Inflation, Eyes Expansion Amid Q4 Earnings Miss

Cracker Barrel Old Country Store Sees FY25 Total Revenue Of $3.4B-$3.5B Vs. $3.45B Estimate

Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) reported quarterly earnings of $0.98 per share which missed the analyst consensus estimate of $1.10 by 10.91 percent. This is a 45.25 percent decrease over earnings of $1.79 per share from the same period last year. The company reported quarterly sales of $894.39 million which missed the analyst consensus estimate of $897.22 million by 0.32 percent. This is a 6.89 percent increase over sales of $836.73 million the same period last year.

Earnings Misses

Cracker Barrel Old Q4 Adj $0.98 Misses $1.10 Estimate, Sales $894.39M Miss $897.22M Estimate

U.S. stocks look set for a relief rally after the <a href="https://www.benzinga.com/markets/equities/24/09/40909187/s-p-500-briefly-hits-record-high-just-ahead-of-fed-rate-cut-extends-7-day-winning-streak-tuesday">market failed to sustain the upward momentum</a> set in motion by the 50 basis-point cut announced by the Federal Reserve on Wednesday. The index futures point to a sharply higher opening on Thursday. Given the central bank&#8217;s focus on labor market statistics, traders may closely monitor the weekly jobless claims data. The results of a regional manufacturing survey and the Conference Board&#8217;s leading economic index may also create some ripples in the market.
With the Fed decision on the back-burner, earnings could get back to the spotlight, with FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) due to report after the close. Tech and small-cap stocks remain poised to rally out of the gates even as most strategists warn of a tech rally cool-off. Volatility is on the wane amid the risk-on mood, with the CBOE Volatility Index, aka VIX, down about 9%.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+1.99%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+1.53%</td>
</tr>
<tr>
<td>Dow</td>
<td>+1.15%</td>
</tr>
<tr>
<td>R2K</td>
<td>+2.88%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 1.55% to $570.08 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 2.00% to $480.96, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street closed Wednesday&#8217;s session modestly lower despite the Fed obliging with the magnitude of the cut the market was hoping for. The major indices resigned themselves to the pattern typical of a Fed decision day and moved sideways until the announcement was made. The central bank delivered and traders indulged in strong buying that took the S&amp;P 500 Index to a new intraday high. 
The dot plot suggested policymakers will likely cut rates a 25 basis points at each of the next two decisions and by at least another percentage point in 2025. While the growth outlook was left unchanged, the unemployment rate forecasts were revised. But Fed Chair Jerome Powell&#8217;s cautious comments at the press conference spooked the market, sending stocks lower in late-afternoon trading.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.31%</td>
<td>17,573.30</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.29%</td>
<td>5,618.26</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.25%</td>
<td>41,503.10</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.04%</td>
<td>2,206.34</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
It could be time for defensives and small-caps to shine, now that the rate-cutting cycle has begun and the door is open for more.
LPL Financial Chief Equity Strategist Jeff Buchbinder said in a note ahead of the rate cut that value stocks outperform their growth counterparts three and six months after the initial cut. The 1995 monetary policy is the most analogous to the current one, he said, adding that during the 12 months after the cut at that time, growth stocks were slightly better. But value stocks have an edge over the first six months, he said.
Defensive sectors typically outperform in the six months after the initial rate cuts, and this was particularly evident during the 1995 period that saw a soft landing and technology buildout, the strategist said. Specifically, the defense and the telecom services sector were top performers, while consumer staples and utilities also outperformed, he said. Financials did well in the 1995 cycle and performed in-line in the 2019 period, which is more comparable to the current situation than the 2001 cycle, he added.
Surprisingly, the technology sector underperformed the S&amp;P 500 after the 1995 rate cut, even though the internet buildout was in its early phases, Buchbinder said, referring to Netscape&#8217;s initial public offering which came after the first rate cut. Netscape is credited with creating the first internet browser.
&#8220;The takeaway here is that the technology sector, which as we know, is in a major buildout phase now with artificial intelligence, may not get a performance bump from a more accommodating Fed,&#8221; the strategist said.
Carson Group Chief Market Strategist Ryan Detrick pointed out a positive data point that bodes well for the market. In a post on X, he said the Fed has cut rates with stocks near all-time highs 20 times in the past. In all the instances, the S&amp;P 500 was higher a year later.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Fed has cut rates with stocks near all-time highs 20 times. The S&amp;P 500 was higher a year later 20 times. S&amp;P 500 at all-time highs now and the Fed is cutting tomorrow. <a href="https://t.co/MSHhII1Cu4">pic.twitter.com/MSHhII1Cu4</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1836069055070916634?ref_src=twsrc%5Etfw">September 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department is scheduled to release its weekly jobless claims data for the recent reporting week at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits may have edged down from to 229,000 in the week ended Sept. 14, down from 230,000 in the previous week.</li>
<li>The Philadelphia Fed will release the results of its September regional manufacturing survey at 8:30 a.m. EDT. The diffusion index of business activity, the headline reading of the report, is widely expected to show continued contraction, albeit at a slower rate. Economists, on average, expect the index to increase from -7.0 in August to -1.1 in September.</li>
<li>The National Association of Realtors is due to release its existing home sales report for August at 10 a.m. EDT. Existing home sales are expected to come in at a seasonally adjusted annual rate of 3.9 million units, almost flattish with the 3.95-million-unit rate in July.</li>
<li>The Conference Board&#8217;s leading economic index, due at 10 a.m. EDT, is expected to show a 0.3% month-over-month drop for August, smaller than the 0.6% drop in July.</li>
<li>The Treasury is set to auction four- and eight-week bills at 11:30 a.m. EDT and a 10-year TIPS auction at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) shares fell nearly 8% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) and FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting their quarterly results ahead of the market open. </a></li>
<li>Those reporting after the close include FedEx and Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude futures rose in the early U.S. session, extending the gain from the previous session, as the dollar continues to be weak against most currencies barring the yen. Gold futures also firmed up. The 10-year T-note yield rose 1.9 basis points to 3.706%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied strongly following the Fed decision, with the apex crypto now trading just shy of the $62.5K level.
The major Asian averages gained notably on Thursday, as they reacted to the Fed&#8217;s largesse, with Japan benefiting from the yen&#8217;s modest weakening against the greenback. European stocks were on a firmer footing in early Thursday, with traders in the region awaiting the Bank of England&#8217;s rate decision. The Monetary Policy Committee of the central bank is widely expected to keep rates unchanged at 5.25% although signaling reductions in the future.
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40927293/powell-defends-0-5-interest-rate-drop-as-right-thing-for-the-economy-doubles-down">Powell Defends 0.5% Interest Rate Drop As &#8216;Right Thing For The Economy,&#8217; Doubles Down On Fed&#8217;s Cautious, Data-Driven Approach</a></li>
</ul>
Image via Pixabay

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Wall Street Primed For Relief Rally As Traders Eye Jobless Claims, FedEx Earnings After Fed's 50 Basis-Point Cut: Strategist Says These Stocks Will Gain Edge In First 6 Months Of Rate Cut

Cracker Barrel Old Country Store, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>) is scheduled to report fourth-quarter fiscal 2024 results on Sept. 19. In the last reported quarter, CBRL registered an earnings surprise of 57.1%.
<h2>Trend in Estimate Revision</h2>
The Zacks Consensus Estimate for fiscal fourth-quarter earnings per share is pegged at $1.17, which indicates a deterioration of 34.6% from $1.79 reported in the year-ago quarter.
For revenues, the consensus mark is pegged at $898.8 million, which implies an increase of 7.4% from the year-ago quarter&#39;s reported figure.
Let&#39;s check out the factors that might have influenced CBRL&#39;s performance in the quarter to be reported.
<h2>Factors at Play for CBRL</h2>
Cracker Barrel&#39;s fiscal fourth-quarter top line is likely to have been aided by menu innovation, higher menu pricing, expansion and other sales-building efforts. Given the growing demand for its breakfast category, including Homestyle Chicken, French Toast, Barrel Bites and beverages, Cracker Barrel introduced its $5 take-home meals at the beginning of fiscal 2024, which is expected to have aided the company&#39;s top line.
The company is also benefiting from growth in off-premise sales. It continues to focus on off-premise initiatives, such as curbside delivery, third-party delivery and family meal baskets. These efforts are likely to have aided the off-premise sales.
Our model predicts Restaurant and Retail revenues to be $715.9 million and $168.2 million, respectively, up 7.9% and 6.9% year over year. However, dismal traffic and same-store sales are expected to have negatively impacted the company&#39;s results. Our model predicts retail same-store sales to decline 0.5% year over year. CBRL&#39;s retail business faces challenges stemming from broader industry pressures, particularly in discretionary categories.
Strategic investments in advertising and labor are likely to have increased costs and exerted margin pressure in the to-be-reported quarter. For fourth-quarter fiscal 2024, our model predicts labor and other related expenses&nbsp; to rise 9% year over year to $332.6 million. We expect store-operating expenses to increase 8.4% year over year to $821.6 million. Our model predicts adjusted-operating income to decline 30.7% year over year to $27.6 million.
<div class="chart_embed">
<h3>Cracker Barrel Old Country Store, Inc. Price and EPS Surprise</h3>
<h2><img alt="Cracker Barrel Old Country Store, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6f/1726662030.png" style="height:263px; width:537px" title="" /></h2>
Cracker Barrel Old Country Store, Inc. price-eps-surprise | Cracker Barrel Old Country Store, Inc. Quote
</div>
<h2>What Our Model Says</h2>
Our proven model predicts an earnings beat for Cracker Barrel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is exactly the case here.
Earnings ESP: Cracker Barrel currently has an Earnings ESP of +2.74%.
Zacks Rank: The company has a Zacks Rank #2 at present.
<h2>Other Stocks Poised to Beat on Earnings</h2>
Here are some other stocks worth considering from the Zacks Retail-Wholesale sector, as our model shows that these, too, have the right combination of elements to beat on earnings this reporting cycle.
Domino&#39;s Pizza, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dpz#NYSE">DPZ</a>) currently has an Earnings ESP of +3.94% and a Zacks Rank #3. Shares of Domino&#39;s have risen 6.4% in the past year. DPZ&#39;s earnings beat the consensus mark in each of the trailing four quarters, delivering an average surprise of 11.2%.
Papa John&#39;s International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pzza#NASDAQ">PZZA</a>) has an Earnings ESP of +2.11% and a Zacks Rank #3 at present. Shares of Papa John&#39;s have lost 32.9% in the past year. PZZA&#39;s earnings beat the consensus mark in three of the trailing four quarters and missed on one occasion, delivering an average surprise of 13.6%.
Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) currently has an Earnings ESP of +2.61% and a Zacks Rank #3. Shares of Starbucks have lost 0.5% in the past year. SBUX&#39;s earnings beat the consensus mark in two of the trailing four quarters and missed twice, delivering an average surprise of&nbsp;1.7%.
<a href="https://www.zacks.com/stock/news/2337924/cracker-barrel-to-report-q4-earnings-is-a-beat-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2337924">To read this article on Zacks.com click here.</a>

Earnings Beats

Large Cap

PZZA

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Cracker Barrel to Report Q4 Earnings: Is a Beat in Store?

Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) will release earnings results for its fourth quarter, before the o<a href="https://www.benzinga.com/quote/CBRL/earnings">pening bell on Thursday, Sept. 19</a>.
Analysts expect the Lebanon, Tennessee-based company to report quarterly earnings at $1.10 per share, down from $1.79 per share in the year-ago period. Cracker Barrel projects to report quarterly revenue of $897.38 million for the quarter, compared to $836.73 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 18, Cracker Barrel named Sarah Moore as new Chief Marketing Officer.
Cracker Barrel shares rose 3.1% to close at $40.45 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">analysts have rated </a><a href="https://www.benzinga.com/quote/CBRL/analyst-ratings">the </a><a href="https://www.benzinga.com/quote/TJX/analyst-ratings">company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/589dc33d43eaaa000122c591/jake-bartlett">Truist Securities analyst Jake Bartlett</a> maintained a Hold rating and cut the price target from $46 to $42 on Sept. 5. This analyst has an accuracy rate of 74%.</li>
<li>Argus Research analyst Jim Kelleher downgraded the stock from Buy to Hold on Aug. 6. This analyst has an accuracy rate of 73%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f614b50bd9910001a77ada/sara-senatore">B of A Securities analyst Sara Senatore</a> maintained an Underperform rating and cut the price target from $48 to $46 on July 17. This analyst has an accuracy rate of 61%.</li>
<li>Citigroup analyst Jon Tower maintained a Sell rating and cut the price target from $48 to $42 on May 31. This analyst has an accuracy rate of 70%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5df37c17bffdfc0001d738fc/brian-mullan">Piper Sandler analyst Brian Mullan</a> maintained a Neutral rating and cut the price target from $75 to $70 on March 4. This analyst has an accuracy rate of 78%.</li>
</ul>
Considering buying CBRL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="498" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17025513/image-124-1024x498.png" alt="" class="wp-image-551066" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17025513/image-124-1024x498.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17025513/image-124-300x146.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17025513/image-124-768x373.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17025513/image-124.png 1372w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Cracker Barrel Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Truist Securities analyst Jake Bartlett maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Hold and lowers the price target from $46 to $42.

Truist Securities Maintains Hold on Cracker Barrel Old, Lowers Price Target to $42

Cracker Barrel Old Country Store, Inc. (Nasdaq:&nbsp;CBRL) today confirmed that&nbsp;The Lion Fund II, L.P., an affiliate of Biglari Holdings Inc., both of which are controlled by Sardar Biglari, has announced its intent to nominate five candidates to stand for election to the Company&#39;s Board of Directors at the Company&#39;s 2024 Annual Meeting of Shareholders.
This marks the sixth time Biglari&nbsp;has nominated candidates for Board seats, the fourth time nominating himself, and the seventh proxy contest overall that Biglari has launched in the last 13 years.&nbsp; Each time, our shareholders have rejected Biglari&#39;s nominees and positions by significant and increasing margins.
The Cracker Barrel Board is composed of ten highly qualified directors, nine of whom are independent, and six of whom have been appointed in the last four years.&nbsp; In addition to the Board&#39;s demonstrated track record of leadership refreshment, Cracker Barrel remains committed to its publicly announced strategic transformation plans to increase brand relevancy, consistently deliver food and an experience guests love, and grow long-term sales and profitability.&nbsp; This plan is being led by our newly appointed CEO, Julie Masino, and has the full support of all of our independent directors, including the director whom the Board appointed as part of a 2022 settlement agreement with Biglari.&nbsp;&nbsp;
Although Cracker Barrel is disappointed that&nbsp;Biglari has chosen to launch another distracting and costly proxy contest, the Company&#39;s Nominating and Corporate Governance Committee will thoughtfully consider Biglari&#39;s nominations in keeping with its practices of good governance.&nbsp; The Board will present its formal recommendations to shareholders in due course.

Management

Cracker Barrel Responds To Biglari Nominations; Says "Disappointed That Biglari Has Chosen To Launch Another Distracting And Costly Proxy Contest, The Company's Nominating And Corporate Governance Committee Will Thoughtfully Consider Biglari's Nominations"

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Shares of hotel, restaurant and leisure companies are trading higher following strong economic data that helps ease recession concerns.

In the last three months, 8 analysts have published ratings on Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Cracker Barrel Old and provided 12-month price targets. The average target is $50.5, accompanied by a high estimate of $62.00 and a low estimate of $42.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 16.18%. 
<img src="https://www.benzinga.com/files/images/story/2024/1722974444_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Cracker Barrel Old by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$46.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$42.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$46.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$50.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$48.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$50.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$62.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$60.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cracker Barrel Old. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Cracker Barrel Old compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Cracker Barrel Old's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Cracker Barrel Old's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CBRL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cracker Barrel Old analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Cracker Barrel Old</h2>
Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.
<h3>Financial Milestones: Cracker Barrel Old's Journey</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Cracker Barrel Old faced challenges, resulting in a decline of approximately -1.87% in revenue growth as of 30 April, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Cracker Barrel Old's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -1.13%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -2.07%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.42%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 2.7, Cracker Barrel Old faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 8 Analyst Recommendations For Cracker Barrel Old

Argus Research analyst Jim Kelleher downgrades Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) from Buy to Hold.

Downgrades

Argus Research Downgrades Cracker Barrel Old to Hold

In the latest quarter, 8 analysts provided ratings for Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $50.5, a high estimate of $62.00, and a low estimate of $42.00. A 16.18% drop is evident in the current average compared to the previous average price target of $60.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1721246450_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Cracker Barrel Old by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$46.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$42.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$46.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$50.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$48.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$50.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$62.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$60.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cracker Barrel Old. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cracker Barrel Old compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Cracker Barrel Old's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CBRL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cracker Barrel Old analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Cracker Barrel Old</h2>
Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.
<h3>Cracker Barrel Old: Delving into Financials</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: Cracker Barrel Old's revenue growth over 3 months faced difficulties. As of 30 April, 2024, the company experienced a decline of approximately -1.87%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -1.13%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Cracker Barrel Old's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.07%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Cracker Barrel Old's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.42%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Cracker Barrel Old's debt-to-equity ratio is below the industry average. With a ratio of 2.7, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Cracker Barrel Old Stock: Analyst Perspectives (8 Ratings)

B of A Securities analyst Sara Senatore maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Underperform and lowers the price target from $48 to $46.

B of A Securities Maintains Underperform on Cracker Barrel Old, Lowers Price Target to $46

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/12/24</td>
<td>$260.00</td>
<td>$56.8K</td>
<td>16.6K</td>
<td>132.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$200.00</td>
<td>$34.1K</td>
<td>113.2K</td>
<td>21.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$61.00</td>
<td>$48.0K</td>
<td>165</td>
<td>2.2K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$7.50</td>
<td>$39.4K</td>
<td>4.9K</td>
<td>1.2K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$20.00</td>
<td>$72.0K</td>
<td>8.2K</td>
<td>495</td>
</tr>
<tr>
<td>CBRL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$45.00</td>
<td>$25.0K</td>
<td>1.5K</td>
<td>405</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$25.00</td>
<td>$40.5K</td>
<td>9.0K</td>
<td>102</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$135.00</td>
<td>$32.7K</td>
<td>285</td>
<td>60</td>
</tr>
<tr>
<td>FFIE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$1.00</td>
<td>$27.3K</td>
<td>127</td>
<td>51</td>
</tr>
<tr>
<td>BKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4250.00</td>
<td>$38.5K</td>
<td>423</td>
<td>28</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 12, 2024. This event was a transfer of 137 contract(s) at a $260.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $56.8K, with a price of $410.0 per contract. There were 16649 open contracts at this strike prior to today, and today 132686 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 11 day(s) on July 19, 2024. Parties traded 100 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $341.0 per contract. There were 113211 open contracts at this strike prior to today, and today 21043 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option trade that happens to be bullish, expiring in 25 day(s) on August 2, 2024. This event was a transfer of 200 contract(s) at a $61.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $240.0 per contract. There were 165 open contracts at this strike prior to today, and today 2290 contract(s) were bought and sold. 
• Regarding XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on July 19, 2024. Parties traded 1095 contract(s) at a $7.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $39.4K, with a price of $36.0 per contract. There were 4955 open contracts at this strike prior to today, and today 1267 contract(s) were bought and sold. 
• Regarding M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we observe a call option trade with bearish sentiment. It expires in 39 day(s) on August 16, 2024. Parties traded 900 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $72.0K, with a price of $80.0 per contract. There were 8283 open contracts at this strike prior to today, and today 495 contract(s) were bought and sold. 
• For CBRL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), we notice a call option trade that happens to be bullish, expiring in 74 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 1566 open contracts at this strike prior to today, and today 405 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option sweep with bearish sentiment. It expires in 165 day(s) on December 20, 2024. Parties traded 100 contract(s) at a $25.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $40.5K, with a price of $405.0 per contract. There were 9045 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with bearish sentiment. It expires in 557 day(s) on January 16, 2026. Parties traded 10 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $32.7K, with a price of $3270.0 per contract. There were 285 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• For FFIE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>), we notice a put option trade that happens to be bullish, expiring in 4 day(s) on July 12, 2024. This event was a transfer of 448 contract(s) at a $1.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $61.0 per contract. There were 127 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
• Regarding BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we observe a put option trade with bearish sentiment. It expires in 193 day(s) on January 17, 2025. Parties traded 1 contract(s) at a $4250.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $38500.0 per contract. There were 423 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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APLE

ASIX

AVNW

BEPC

BIRD

BJRI

BLMN

BMBL

BROS

CABO

CAKE

CERT

CMTL

DENN

ECVT

EVTC

FWRG

IART

INST

JACK

MNTK

NAPA

NEWT

NTST

NXDT

PBPB

PDCO

PLAY

REXR

RRGB

SIRI

TROW

TXRH

ULCC

VTLE

Press Releases

CRACKER BARREL ELECTS CHERYL HENRY TO BOARD OF DIRECTORS

CRACKER BARREL REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Cracker Barrel Announces Largest Menu Test in Brand's History

Win Big This Summer with the Cracker Barrel Old Country Store® Endless Summer Sweepstakes

Cracker Barrel Appoints Sarah Moore as New Chief Marketing Officer

Cracker Barrel Old Country Store® Introduces New Apple-Inspired Menu Additions To Help You Forget About Pumpkin Spice

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