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Cracker Barrel Old Country Store Inc (CBRL) – Don’t Be So Quick to Call it Dead

Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) is -22.72% lower on its value in year-to-date trading and has touched a low of $34.88 and a high of $74.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CBRL stock was last observed hovering at around $41.67 in the last trading session, with the day’s loss setting it -0.82%.

Currently trading at $40.85, the stock is -4.64% and -20.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -1.97% at the moment leaves the stock -13.21% off its SMA200. CBRL registered -36.88% loss for a year compared to 6-month gain of -3.52%. The firm has a 50-day simple moving average (SMA 50) of $51.4196 and a 200-day simple moving average (SMA200) of $47.06875.

The stock witnessed a -15.41% loss in the last 1 month and extending the period to 3 months gives it a -23.23%, and is -0.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.57% over the week and 5.99% over the month.

Cracker Barrel Old Country Store Inc (CBRL) has around 77600 employees, a market worth around $909.46M and $3.51B in sales. Current P/E ratio is 25.49 and Fwd P/E is 13.05. Profit margin for the company is 1.03%. Distance from 52-week low is 17.13% and -44.95% from its 52-week high. The company has generated returns on investments over the last 12 months (2.27%).

with sales reaching $827.6M over the same period.The EPS is expected to shrink by -20.94% this year, but quarterly earnings will post -0.06% year-over-year. Quarterly sales are estimated to grow 1.28% in year-over-year returns.

342.0 institutions hold shares in Cracker Barrel Old Country Store Inc (CBRL), with institutional investors hold 100.12% of the company’s shares. The shares outstanding are 22.26M, and float is at 21.75M with Short Float at 12.09%. Institutions hold 98.73% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 3.45 million shares valued at $145.4 million. The investor’s holdings represent 15.5333 of the CBRL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.62 million shares valued at $110.62 million to account for 11.818 of the shares outstanding. The other top investors are BIGLARI CAPITAL CORP. which holds 2.0 million shares representing 9.008 and valued at over $84.32 million, while EARNEST PARTNERS LLC holds 8.3446 of the shares totaling 1.85 million with a market value of $78.11 million.

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