Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) finished Friday with a subtraction of -$0.56 to close at $87.35, a downside of -0.64 percent. An average of 495,820 shares of common stock have been traded in the last five days. There was a fall of -$3.18 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 495,040 shares traded, while the 50-day average volume stands at 569,214.
CBRL stock has decreased by -9.97% in the last month. The company shares reached their 1-month lowest point of $86.75 on 08/11/23. With the stock rallying to its 52-week high on 04/12/23, shares of the company touched a low of $87.72 and a high of $121.17 in 52 weeks. It has reached a new high 14 times so far this year and lost -7.80% or -$7.39 in price. In spite of this, the price is down -27.91% from the 52-week high.
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Valuation Metrics
Cracker Barrel Old Country Store Inc. (CBRL) has a trailing price-to-earnings (P/E) ratio of 20.64. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.57, the price-to-book (PB) ratio at 4.08, and the price-to-cash flow ratio at 289.92.
The company has a payout ratio of 122.40%. The company’s most recent quarterly dividend payment was $1.30 a share, without any change from last year. Its latest increase dividend $0.30 reported on Tuesday September 21 2021.
Financial Health
The quick ratio of Cracker Barrel Old Country Store Inc. for the three months ended April 29 was 0.20, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Cracker Barrel Old Country Store Inc.’s EBITDA margin for the year ending April 29 is 9.64%, while its operating margin for the same period stands at 3.30%. Its gross profit as reported stood at $2.22 billion compared to revenue of $3.27 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cracker Barrel Old Country Store Inc.’s return on assets was 4.20%.
Earnings Surprise
For the three-month period that ended April 29, Cracker Barrel Old Country Store Inc. had $444.55 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $13.97 million in the quarter, while revenues were shrunk -96.99%. The analyst consensus anticipated Cracker Barrel Old Country Store Inc.’s latest quarter earnings to come in at $1.34 per share, but it turned out to be $1.21, a -9.70% surprise. For the quarter, EBITDA amounted to $46.85 million. Shareholders own equity worth $22.15 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Cracker Barrel Old Country Store Inc. (CBRL) price momentum. RSI 9-day as of the close on 11 August was 23.35%, suggesting the stock is oversold, with historical volatility in this time frame at 10.86%.
As of today, CBRL’s price is $89.13 -3.51% or -$3.18 from its 5-day moving average. CBRL is currently trading -7.12% lower than its 20-day SMA and -23.07% lower than its 100-day SMA. However, the stock’s current price level is -10.89% below the SMA50 and -14.67% below the SMA200.
The stochastic %K and %D were 3.08% and 4.92%, respectively, and the average true range (ATR) was 2.16. With the 14-day stochastic at 5.97% and the average true range at 2.29, the RSI (14) stands at 31.70%. The stock has reached -2.28 on the 9-day MACD Oscillator while the 14-day reading was at -3.61.
Analyst Ratings
Piper Sandler launched coverage on Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) in its analyst report released on July 18, 2023. The firm assigned the stock a Neutral rating.
