Cracker Barrel Old Country Store Inc Stock Research

Market Summary

USD114.12+2.16

Delayed

1.93%

CBRL Stock Price

CBRL RSI Chart

CBRL Valuation

Market Cap

2.5B

Price/Earnings (Trailing)

23.3

Price/Sales (Trailing)

0.74

Price/Free Cashflow

31.02

CBRL Price/Sales (Trailing)

CBRL Profitability

Return on Equity

22.3%

Return on Assets

4.81%

Free Cashflow Yield

3.22%

CBRL Fundamentals

CBRL Revenue

Revenue (TTM)

3.4B

Revenue Y/Y

8.3%

Revenue Q/Q

11.24%

CBRL Earnings

Earnings (TTM)

108.5M

Earnings Y/Y

-18.96%

Earnings Q/Q

78.01%

Price Action

52 Week Range

79.63122.86

(Low)(High)

Last 7 days

0.8%

Last 30 days

1.2%

Last 90 days

13.6%

Trailing 12 Months

0.0%

CBRL Financial Health

Current Ratio

0.66

CBRL Investor Care

Dividend Yield

4.56%

Dividend/Share (TTM)

5.2

Buy Backs (1Y)

5.31%

Diluted EPS (TTM)

4.79

Peers (Alternatives to Cracker Barrel Old Country Store)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MCD	198.8B	23.2B	0.05%	16.44%	32.19	8.58	-0.17%	-18.13%
SBUX	115.3B	32.9B	-8.46%	21.74%	34.73	3.5	8.41%	-24.41%
CMG	45.1B	8.6B	-1.45%	6.51%	50.2	5.23	14.41%	37.69%
YUM	36.1B	6.8B	-4.07%	12.49%	27.22	5.27	3.92%	-15.87%
DRI	18.4B	10.0B	-0.05%	22.19%	20.2	1.84	16.23%	-1.35%
MID-CAP
ARMK	8.7B	17.0B	-13.89%	-5.83%	38.66	0.51	27.66%	584.49%
TXRH	7.2B	4.0B	2.32%	33.62%	26.81	1.8	15.91%	10.00%
WING	5.4B	357.5M	7.11%	60.53%	102.55	15.19	26.56%	24.12%
WEN	4.5B	2.1B	-8.69%	-3.72%	25.11	2.13	10.46%	-11.49%
SHAK	2.2B	900.5M	-2.39%	-11.52%	-91.65	2.45	21.70%	-178.35%
SMALL-CAP
PLAY	1.7B	1.7B	-22.36%	-14.62%	13.72	0.97	61.79%	371.82%
BJRI	706.1M	1.3B	-8.26%	9.24%	173.24	0.55	18.11%	213.03%
CHUY	643.4M	422.2M	5.25%	31.31%	30.85	1.52	6.49%	-30.89%
DENN	633.1M	456.4M	-11.70%	-23.65%	8.47	1.39	14.63%	-4.30%
RUTH	564.4M	505.9M	0.65%	-21.38%	14.61	1.12	17.88%	-8.64%

Financials for Cracker Barrel Old Country Store

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.2%	3,394	3,322	3,268	3,222	3,145
S&GA Expenses	1.3%	165	162	157	161	159
Interest Expenses	31.6%	8.00	6.00	8.00	16.00	25.00
Net Income	-6.2%	109	116	132	135	141
Net Income Margin	-8.1%	0.03*	0.03*	0.04*	0.04*	-
Free Cahsflow	7.8%	82.00	76.00	107	109	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-1.3%	2,257	2,287	2,295	2,279	2,302
Current Assets	-6.8%	309	331	317	294	307
Cash Equivalents	27.6%	49.00	39.00	45.00	25.00	80.00
Inventory	-18.9%	187	231	213	192	154
Net PPE	0.0%	966	966	970	959	957
Goodwill	0%	5.00	5.00	5.00	5.00	5.00
Current Liabilities	0.3%	471	470	502	466	479
LT Debt, Current	-	0.00	-	-	-	-
LT Debt, Non Current	-6.1%	454	484	423	373	327
Shareholder's Equity	-0.2%	486	488	511	564	604
Retained Earnings	-0.2%	486	487	511	564	604
Accumulated Depreciation	1.5%	1,381	1,361	1,340	1,320	1,299
Shares Outstanding	-0.2%	22.00	22.00	22.00	23.00	23.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	9.2%	198	182	205	196	288
Share Based Compensation	5.8%	9.00	8.00	8.00	8.00	9.00
Cashflow From Investing	-10.5%	-115	-104	-98.50	-86.23	-72.05
Cashflow From Financing	31.1%	-113	-164	-206	-469	-705
Dividend Payments	-1.5%	119	120	115	85.00	55.00
Buy Backs	-20.3%	115	144	132	108	69.00

Risks for CBRL

What is the probability of a big loss on CBRL?

58.5%

Probability that Cracker Barrel Old Country Store stock will be more than 20% underwater in next one year

42.7%

Probability that Cracker Barrel Old Country Store stock will be more than 30% underwater in next one year.

27.7%

Probability that Cracker Barrel Old Country Store stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CBRL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cracker Barrel Old Country Store was unfortunately bought at previous high price.

Drawdowns

Returns for CBRL

Cumulative Returns on CBRL

7.7%

10-Year Cumulative Returns

0.0%

7-Year Cumulative Returns

-3.1%

5-Year Cumulative Returns

7.3%

3-Year Cumulative Returns

What are the long-term rolling returns for CBRL?

FIve years rolling returns for Cracker Barrel Old Country Store.

Annualized Returns

Which funds bought or sold CBRL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-21.27	-2,189,280	9,073,720	0.01%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-19.12	-3,000	15,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	474	9,474	-%
2023-02-28	Voya Investment Management LLC	reduced	-1.78	4,027	819,027	-%
2023-02-27	Cravens & Co Advisors, LLC	new	-	314,464	314,464	0.29%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	8,000	360,000	-%
2023-02-21	Ruedi Wealth Management, Inc.	new	-	2,085	2,085	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-5.95	-1,031	14,969	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-4.09	-949,000	49,040,000	0.06%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-37.68	-110,688	194,312	-%

Latest Funds Activity

Are funds buying CBRL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CBRL

No. of Funds

Cracker Barrel Old Country Store News

Schedule 13G FIlings of Cracker Barrel Old Country Store

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	earnest partners llc	8.6%	1,908,956	SC 13G/A
Feb 10, 2023	blackrock inc.	11.4%	2,524,760	SC 13G/A
Feb 09, 2023	vanguard group inc	10.27%	2,280,812	SC 13G/A
Jan 26, 2023	blackrock inc.	11.3%	2,495,302	SC 13G/A
Jan 20, 2023	blackrock inc.	11.3%	2,495,302	SC 13G/A
Sep 29, 2022	biglari capital corp.	9.0%	2e+06	SC 13D/A
Aug 19, 2022	biglari capital corp.	8.8%	2e+06	SC 13D/A
Jul 11, 2022	vanguard group inc	10.26%	2,339,008	SC 13G/A
Jun 06, 2022	biglari capital corp.	8.6%	2e+06	SC 13D/A
Feb 14, 2022	susquehanna securities, llc	3.6%	851,607	SC 13G/A

CBRL Fair Value

Cracker Barrel Old Country Store fair value in different scenarios

The table shows the Fair Value estimates for Cracker Barrel Old Country Store for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	64.97 -43.07%	86.60 -24.11%	112.84 -1.12%	152.83 33.92%	176.27 54.46%
Current Inflation	60.42 -47.06%	79.21 -30.59%	101.47 -11.08%	134.94 18.24%	154.55 35.43%
Very High Inflation	54.71 -52.06%	70.13 -38.55%	87.84 -23.03%	114.01 -0.10%	129.34 13.34%

Historical Cracker Barrel Old Country Store Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Cracker Barrel Old Country Store

View All Filings

Date Filed	Form Type	Document
Mar 02, 2023	8-K	Current Report
Mar 01, 2023	3/A	Insider Trading
Feb 28, 2023	10-Q	Quarterly Report
Feb 28, 2023	8-K	Current Report
Feb 27, 2023	3	Insider Trading
Feb 13, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Jan 26, 2023	SC 13G/A	Major Ownership Report
Jan 20, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for CBRL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-02	Moreton William W.	acquired	-	-	1,357	-
2022-11-17	Davila Gilbert Raymond	acquired	-	-	1,210	-
2022-11-17	BERQUIST CARL T	acquired	-	-	1,210	-
2022-11-17	BILNEY JODY L	acquired	-	-	1,210	-
2022-11-17	Peterson Coleman	acquired	-	-	1,210	-
2022-11-17	Barr Thomas H	acquired	-	-	1,210	-
2022-11-17	CROFTON MEG	acquired	-	-	1,210	-
2022-11-17	WEISS ANDREA	acquired	-	-	1,210	-
2022-11-17	MCCARTEN WILLIAM W	acquired	-	-	1,772	-
2022-11-17	Wade Darryl L	acquired	-	-	1,210	-

About Cracker Barrel Old Country Store

Sandra B. Cochran

www.crackerbarrel.com

65535

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.

CBRL Income Statement

2023-01-27

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 27, 2023	Jan. 28, 2022	Jan. 27, 2023	Jan. 28, 2022
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Total revenue	$ 933,868	$ 862,260	$ 1,773,387	$ 1,647,190
Cost of goods sold (exclusive of depreciation and rent)	326,555	283,641	608,095	526,412
Labor and other related expenses	313,967	296,326	605,675	570,983
Other store operating expenses	208,857	192,166	405,561	375,845
General and administrative expenses	45,518	43,463	91,466	84,373
Operating income	38,971	46,664	62,590	89,577
Interest expense, net	4,408	2,200	7,940	4,829
Income before income taxes	34,563	44,464	54,650	84,748
Provision for income taxes	4,072	6,840	7,030	13,748
Net income	$ 30,491	$ 37,624	$ 47,620	$ 71,000
Net income per share:
Basic (in dollars per share)	$ 1.38	$ 1.61	$ 2.15	$ 3.03
Diluted (in dollars per share)	$ 1.37	$ 1.6	$ 2.14	$ 3.02
Weighted average shares:
Basic (in shares)	22,173,280	23,393,398	22,183,527	23,450,379
Diluted (in shares)	22,251,835	23,462,571	22,272,244	23,528,227

CBRL Balance Sheet

2023-01-27

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Jan. 27, 2023

Jul. 29, 2022

Current Assets:

Cash and cash equivalents

$ 49,404

$ 45,105

^[1]

Accounts receivable

36,513

32,246

^[1]

Inventories

187,251

213,249

^[1]

Prepaid expenses and other current assets

35,515

26,676

^[1]

Total current assets

308,683

317,276

^[1]

Property and equipment

2,346,391

2,309,578

^[1]

Less: Accumulated depreciation and amortization

1,380,826

1,339,969

^[1]

Property and equipment - net

965,565

969,609

^[1]

Operating lease right-of-use assets, net

910,182

933,524

^[1]

Goodwill

4,690

^[1]

Intangible assets

21,173

21,210

^[1]

Other assets

46,414

48,602

^[1]

Total assets

2,256,707

2,294,911

^[1]

Current Liabilities:

Accounts payable

135,473

169,871

^[1]

Taxes withheld and accrued

31,156

60,212

Other current liabilities

304,162

272,241

^[1]

Total current liabilities

470,791

502,324

^[1]

Long-term debt

454,111

423,249

^[1]

Long-term operating lease liabilities

712,056

722,159

^[1]

Other long-term obligations

133,256

135,700

^[1]

Commitments and Contingencies (Note 10)

^[1]

Shareholders' Equity:

Preferred stock - 100,000,000 shares of $0.01 par value authorized; 300,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued

^[1]

Common stock - 400,000,000 shares of $0.01 par value authorized; 22,150,800 shares issued and outstanding at January 27, 2023, and 22,281,443 shares issued and outstanding at July 29, 2022

221

223

^[1]

Retained earnings

486,272

511,256

^[1]

Total shareholders' equity

486,493

511,479

^[1]

Total liabilities and shareholders' equity

$ 2,256,707

$ 2,294,911

^[1]

[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of July 29, 2022, as filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended July 29, 2022.