Added to YB: 2025-05-07
Pitch date: 2025-03-18
CBRL [bearish]
Cracker Barrel Old Country Store, Inc.
+30.54%
current return
Author Info
No bio for this author
Company Info
Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States.
Market Cap
$643.3M
Pitch Price
$39.35
Price Target
20.13 (-26%)
Dividend
3.46%
EV/EBITDA
5.65
P/E
14.02
EV/Sales
0.51
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Cracker Barrel Old Country Store, Inc. - $CBRL (short)
CBRL short: Tchotchke retailer disguised as restaurant with 200% of EBIT from retail. 20% China tariffs = $25M hit (20% of EBIT). Traffic declining as gas stations compete. $300M 0.625% converts need refi at ~7% = +$20M interest. Egg costs rising. 40% downside to FY26 EPS, potential 50%+ share decline from 7x EBITDA vs peers' 5x.
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