Analysts Predict Earnings Changes for Cracker Barrel Ahead of Q4

Cracker Barrel's Upcoming Earnings Release

Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) is preparing to announce its financial results for the fourth quarter. This significant event is scheduled to occur before the opening bell, with industry experts eagerly anticipating the earnings numbers.

Projected Earnings and Revenue Figures

Analysts have set expectations for Cracker Barrel to report earnings of $1.10 per share, reflecting a decrease from the $1.79 per share posted in the same quarter last year. In terms of revenue, Cracker Barrel is anticipated to generate approximately $897.38 million this quarter, which marks an increase compared to the $836.73 million reported a year prior.

Leadership Updates at Cracker Barrel

In a move to bolster its marketing strategies, Cracker Barrel appointed Sarah Moore as its new Chief Marketing Officer on July 18. This leadership change aims to enhance the company's brand presence and engagement with customers, aligning with their growth objectives.

Stock Performance Insights

Following the recent market trends, Cracker Barrel's stocks experienced a notable rise, increasing by 3.1%, culminating in a closing price of $40.45 on the most recent trading day. Investors and analysts alike are keenly observing this performance as they weigh their options regarding the stock.

Recent Analyst Ratings Review

A look at the recent ratings from notable financial analysts reveals varying outlooks on Cracker Barrel's stock. Analysts from various firms have been adjusting their ratings, considering current market dynamics and the company's future potential.

Truist Securities Analysis

Truist Securities analyst Jake Bartlett has maintained a Hold rating on Cracker Barrel, reducing the price target from $46 to $42 as of September 5. With a respectable accuracy rate of 74%, Bartlett's insights continue to attract investor attention.

Argus Research Insights

Another noteworthy change came from Argus Research, where analyst Jim Kelleher downgraded Cracker Barrel from a Buy to a Hold rating on August 6. His accuracy rate stands at 73%, contributing to the cautious sentiment surrounding the stock.

B of A Securities Perspective

B of A Securities analyst Sara Senatore maintained an Underperform rating and has lowered the price target to $46 from $48 as of July 17. Senatore's views are fueled by a thorough analysis of the market, with an accuracy rate of 61% to back her conclusions.

Citigroup's Sell Rating

Citigroup analyst Jon Tower maintained a Sell rating on the stock, bringing the price target down from $48 to $42 as of May 31. This stance aligns with concerns over the company's future performance, as reflected in his accuracy rate of 70%.

Piper Sandler's Neutral Rating

Piper Sandler's Brian Mullan opted for a neutral outlook on Cracker Barrel, reducing the price target from $75 to $70 on March 4. Mullan's accuracy rate of 78% indicates a solid level of trust in his evaluations.

Conclusion: Moving Forward with CBRL

As the earnings announcement nears, potential investors are encouraged to stay informed about analyst ratings and market trends. Understanding the perspectives of these analysts can provide valuable insights for those considering investments in CBRL stock.

Frequently Asked Questions

What is the expected earnings per share for Cracker Barrel?

The expected earnings per share for Cracker Barrel in the upcoming quarter is $1.10.

Who has been appointed as the new Chief Marketing Officer?

Sarah Moore has been appointed as the new Chief Marketing Officer of Cracker Barrel.

What is the recent stock price for Cracker Barrel?

Cracker Barrel's stock recently closed at $40.45, following a 3.1% increase.

What ratings have analysts given to Cracker Barrel?

Analysts have provided various ratings, including Hold, Underperform, and Sell, with several lowering their price targets based on market conditions.

How does Cracker Barrel's revenue compare to last year?

Cracker Barrel's projected revenue for this quarter is approximately $897.38 million, an increase from $836.73 million a year ago.

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