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Cracker Barrel Old Country Store, Inc. (CBRL)

  • Wed, Apr. 29, 1:22 PM
    • Restaurants stocks are falling harder than broad market averages with disappointing reports from Buffalo Wild Wings and Panera Bread raising some concerns.
    • Increasing labor and commodity costs are seen as a threat to margins across the group.
    • Today's GDP report may also be a factor in the sector falling out of favor for the day.
    • Decliners include Denny's (DENN -7%), Krispy Kreme Dougnuts (KKD -5.6%), Red Robin Gourmet Burgers (RRGB -5.9%), Kona Grill (KONA -6.6%), Texas Roadhouse (TXRH -5.9%), Jack in the Box (JACK -4.6%), Bloomin' Brands (BLMN -4.7%), El Pollo Loco (LOCO -4.6%), and Cracker Barrel (CBRL -4.8%).
    • Even momentum-fueled Chipotle (CMG -1.7%) and Habit Restaurants (HABT -1.7%) are peeling off some gains, while Shake Shack (NYSE:SHAK) is proving harder to knock down and is +0.2% on the day.
    • Previously: Panera Bread -2% after sluggish earnings print (April 28)
    • Previously: Buffalo Wild Wings slumps with chicken wing and labor costs a concern (April 28)
  • Tue, Feb. 24, 10:26 AM
    • Cracker Barrel ((NASDAQ:CBRL) +4.1%) trades higher after a strong Q4 earning report.
    • The company saw restaurant comps improve 7.9% in Q4.
    • Store comps were up 3.2%.
    • Traffic in January accelerated to an 8.3% Y/Y improvement.
    • Guidance: Cracker Barrel sees 2015 EPS of $6.40-$6.50 vs. $5.95-$6.10 prior and $6.12 consensus.
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  • Tue, Feb. 24, 8:04 AM
    • Cracker Barrel (NASDAQ:CBRL): Q4 EPS of $1.93 beats by $0.31.
    • Revenue of $755.97M (+8.2% Y/Y) beats by $21.86M.
    • Shares +2.01% PM.
    • Press Release
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  • Nov. 26, 2013, 1:23 PM
    • Cracker Barrel (CBRL -5.9%) trades weak after the restaurant operator's guidance and sales trends disappoint investors.
    • During the course of the quarter, restaurant traffic at Cracker Barrel went in the wrong direction (Aug. +1.2%, Sept. -0.1%, Oct. -1.1%).
  • Nov. 26, 2013, 7:49 AM
    • Cracker Barrel (CBRL) reports comparable store restaurant sales gained 2.8% during FQ1.
    • The restaurant operator saw the average check at its outlets increase 2.9% during the period to more than offset a minor slip in traffic.
    • For FY14, Cracker Barrel sees revenue of $2.7B-$2.75B and EPS of $5.60-$5.80 vs. $5.76 consensus. (PR)
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  • Nov. 21, 2013, 11:18 AM
    • Grocery store and restaurants stocks are rallying in force as the two sectors see some rare momentum.
    • A couple of factors could be coming into play with jobless claims lower and some key wholesale food costs moderating. A slightly more positive read on food/restaurant spending from key companies is also in the mix.
    • Advancers: Safeway (SWY) +2.9%, SuperValu (SVU) +1.5%, Whole Foods Market (WFM) +1.3%, Roundy's (RNDY) +2.5%, Jack In the Box (JACK) +5.6%, BJ's Restaurants (BJRI) +3.1%, Cracker Barrel (CBRL) +2.8%, Ruth's Hospitality (RUTH) +2.5%.
    | 1 Comment
  • Oct. 2, 2013, 10:25 AM
    • The restaurant sector is proving to be more sensitive than most to the developments with the government shutdown and the potential impact to the U.S. economy.
    • Analysts already saw restaurant traffic under pressure during Q4, but an extended government shutdown could take estimates even lower.
    • Leading decliners: Brinker International (EAT) -2.4%, McDonald's (MCD) -2.0%, Cracker Barrel (CBRL) -1.9%, Yum Brands (YUM) -1.7%, Bob Evans Farms (BOBE) -1.6%.
    • Related ETFs: PBJ, XLY.
    | Comment!
  • Sep. 18, 2013, 8:25 AM
    • Another quarter, another positive comps trifecta for Cracker Barrel (CBRL) as comparable store traffic, restaurant sales, and retail sales grow 0.6%, 2.6%, and 1.1% respectively.
    • Revenue for FQ4 rose 3.9% Y/Y.
    • Average menu price rose 1.9%.
    • Gains in comparable restaurant traffic, average check total, and comparable restaurant sales were to some degree concentrated in May.
    • FY14 outlook: $5.60-5.80/share on revenue of $2.7-2.75B.
    • FQ1 outlook: $1.05-1.15/share. That's well below consensus of $1.32. Management cites "higher commodity costs, projected training and other expenses, and the cost of the bi-annual general managers meeting." (PR)
    • Shares -2.8% premarket
    • More: Earnings
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  • Jul. 19, 2013, 2:40 PM
    Restaurant sector ratings changes from Raymond James: Bloomin' Brands (BLMN -2.9%) downgraded to Market Perform from Outperform, Cracker Barrel (CBRL -2.9%), Panera Bread (PNRA +0.2%), and Ruth's Hospitality (RUTH -2.8%) all downgraded to Underperform from Market Perform.
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  • Jun. 3, 2013, 7:28 AM
    More on Cracker Barrel's (CBRL) FQ3: For the sixth straight quarter, comps growth is positive for store traffic (+0.7%), restaurant sales (+3.1%), and retails sales (+5.5%). Operating income margin rises 50 basis points and the dividend is hiked 50% to $0.75/share. Full year outlook: Adjusted EPS of $4.74-4.85 against consensus of $4.79. In an article published Sunday, SA contributor Abba's Aces predicted a 5% pop after earnings — the stock is more than half way there in premarket trading, up 2.84%. (PR)
    | Comment!
  • Dec. 4, 2012, 9:09 AM
    The restaurant sector is on watch after a profit warning from Darden Restaurants points to weakness, not in Europe or China, but at home in the U.S. While increased promotional activity in the sector is behind part of the slip from Darden, the bigger question is why are sales so weak for big players if consumer confidence is supposedly bouncing back?
  • Sep. 19, 2012, 9:10 AM
    Premarket gainers: ACHN +12%. DCTH +9%. CPRX +9%. CBRL +7%. DRYS +7%. BVSN +6%. ANTH +6%.
    Losers: IDIX -9%. GTAT -7%.
    | 1 Comment
  • May 1, 2012, 8:11 AM
    Shares of P.F. Chang's China Bistro (PFCB) comes off a trading halt to shoot up 30.5% premarket after the company announces that it plans to be taken private. On the watch for a possible sympathy bounce: RRGB, BOBE, JACK, CBRL, BJRI.
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  • Feb. 6, 2012, 12:24 PM
    Cracker Barrel (CBRL -2.6%) slips on a valuation downgrade to Hold from Buy at KeyBanc.
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  • Dec. 8, 2011, 2:22 PM
    Cracker Barrel (CBRL -1.2%) gains the support of influential shareholder advisory firm ISS, as the restaurant chain attempts to fend off a proxy fight with activist investor Sardar Biglari. It's a blow to Biglari, who had been seeking a board seat by ousting Charles Jones, head of CBRL’s compensation committee.
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  • Dec. 2, 2011, 10:01 AM
    Shares of Cracker Barrel (CBRL) gain 4.3% after the firm lands an upgrade from Morgan Keegan to Outperform from Market Perform with a lofty price target of $58. With today's action, CBRL is now on a 19% tear since raising its FQ1 guidance.
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Company Description
Cracker Barrel Old Country Store Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept. It offers home-style country cooking featuring many of its own recipes.
Sector: Services
Industry: Restaurants
Country: United States