Cracker Barrel Old Country Store (NASDAQ: CBRL) has reported E.P.S. of $1.20 for its second fiscal quarter (ending January 31) versus $1.38 for the same period a year ago — a decline of -13%. Relative to the consensus estimate of $1.50, this was a shortfall of $-0.30. E.P.S. were $3.76 for the latest four quarters through January 31 versus $4.81 for the same period a year ago — a decline of -22%.
Recent Price Action
On 2/27/24, Cracker Barrel Old Country Store (NASDAQ: CBRL) stock declined by -3.1%, closing at $70.10. Moreover, trading volume in this decline was exceptionally high at 232% of normal. Relative to the market the stock has been weak over the last nine months and has declined -2.0% during the last week.
Current PriceTarget Research Rating
CBRL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cracker Barrel Old Country Store has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Cracker Barrel Old Country Store has a poor Appreciation Score of 30 and a poor Power Rating of 20, and the Lowest Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
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