Many stocks have been testing new highs in 2020, and one of the most notable is Cracker Barrel Old Country Store Inc. (CBRL). Currently, CBRL is trading at $132.84 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $115.33.
To add more color to this target, the company’s high over the last year is $177.89 and the low is $53.61. Over the last 52 weeks, CBRL is down -25.33% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CBRL reported a profit of $295.41 million. Cracker Barrel Old Country Store Inc. also saw revenues increase to $432.54 million. In addition, CBRL has free cash flow of $3.6 million as of 04-2020 The company’s EBITDA came in at -$48.96 million which compares well with its peers.
CBRL booked profit margins of 0.30%, its Return on Equity (ROE) is 1.30%, and its Return on Assets is 0.40%. All told, it is clear that, CBRL needs to be on your watchlist.
About Cracker Barrel Old Country Store Inc.
If readers are unfamiliar, Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company’s restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items. As of September 18, 2019, the company operated 660 Cracker Barrel stores in 45 states. Cracker Barrel Old Country Store, Inc. was founded in 1969 and is headquartered in Lebanon, Tennessee.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CBRL has a short ratio of 2.65 and outstanding shares of 23.78M.
CBRL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.86 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.23. Cracker Barrel Old Country Store Inc. CBRL also noted assets of $2.24 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CBRL has historically followed its peers on positive news.
All told, Cracker Barrel Old Country Store Inc. CBRL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CBRL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Cracker Barrel Old Country Store Inc. CBRL is now commanding a market cap of 3.16B and a float of 23.49M. CBRL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CBRL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CBRL, either long or short, and we have not been compensated for this article.