Professional
Added to YB: 2024-04-04
Pitch date: 2024-04-01
CBRL [bullish]
Cracker Barrel Old Country Store, Inc.
-59.58%
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
$67.62
Price Target
95.00 (+248%)
Dividend
3.46%
EV/EBITDA
5.65
P/E
14.02
EV/Sales
0.51
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Cracker Barrel Old Country Store, Inc.: Recent weakness provides buying opportunity
CBRL: Cracker Barrel faces economic headwinds but turnaround efforts underway. Comps +1.2%, rewards program exceeding expectations. Expanding fast-casual Maple Street chain. Trades at 16x FY24 EPS (vs 5yr avg 17-28x) & discount to peers on P/S. 7.1% dividend yield. Argus maintains Buy, $95 PT on expected FY24 improvement.
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