Short interest for Cracker Barrel Old gives investors a sense of the degree to which investors are betting on the decline of Cracker Barrel Old's stock. Short interest data is updated every two weeks.

Cracker Barrel Old Stock (NASDAQ:CBRL), Short Interest Report

Cracker Barrel Old

Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.

CBRL

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Cracker Barrel reported Q2 earnings that exceeded expectations, with increased restaurant sales and decreased retail sales. FY24 outlook revised.

Cracker Barrel&#39;s Modest Sales Growth Amid Rising Costs, Sets Optimistic Revenue Outlook

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Consumer Stocks With Over 7% Dividend Yields

Cracker Barrel Old Country Store, Inc. - Common Stock

Cracker Barrel Old Country Store Inc

WIIM

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Shares of dining and fast food stocks are trading lower following weak earnings from Starbucks.

During the last three months, 6 analysts shared their evaluations of Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $70.17, a high estimate of $75.00, and a low estimate of $61.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 2.99%. 
<img src="https://www.benzinga.com/files/images/story/2024/1713366026_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Cracker Barrel Old is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$68.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Sell</td>
<td>$61.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$75.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$72.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cracker Barrel Old. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cracker Barrel Old compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Cracker Barrel Old's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Cracker Barrel Old's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CBRL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cracker Barrel Old analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Cracker Barrel Old Better</h2>
Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.
<h3>Financial Insights: Cracker Barrel Old</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Cracker Barrel Old's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 0.16%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Cracker Barrel Old's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 2.84%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Cracker Barrel Old's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.75%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.2%, the company showcases effective utilization of assets.
Debt Management: Cracker Barrel Old's debt-to-equity ratio is below the industry average at 2.47, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 6 Takes On Cracker Barrel Old

Truist Securities analyst Jake Bartlett maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Hold and lowers the price target from $72 to $68.

Truist Securities Maintains Hold on Cracker Barrel Old, Lowers Price Target to $68

Piper Sandler analyst Brian Mullan maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Neutral and lowers the price target from $75 to $70.

Piper Sandler Maintains Neutral on Cracker Barrel Old, Lowers Price Target to $70

Citigroup analyst Jon Tower maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Sell and raises the price target from $60 to $61.

Citigroup Maintains Sell on Cracker Barrel Old, Raises Price Target to $61

UBS analyst Dennis Geiger maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Neutral and lowers the price target from $82 to $75.

UBS Maintains Neutral on Cracker Barrel Old, Lowers Price Target to $75

Across the recent three months, 4 analysts have shared their insights on Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Cracker Barrel Old, revealing an average target of $73.0, a high estimate of $75.00, and a low estimate of $70.00. A 7.59% drop is evident in the current average compared to the previous average price target of $79.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1709136035_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Cracker Barrel Old. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$72.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$75.00</td>
<td>$96.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$75.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cracker Barrel Old. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Cracker Barrel Old compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Cracker Barrel Old's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Cracker Barrel Old's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CBRL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cracker Barrel Old analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Cracker Barrel Old</h2>
Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.
<h3>Cracker Barrel Old: A Financial Overview</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Cracker Barrel Old's revenue growth over a period of 3 months has faced challenges. As of 31 October, 2023, the company experienced a revenue decline of approximately -1.87%. This indicates a decrease in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Cracker Barrel Old's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 0.66%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.16%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.25%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Cracker Barrel Old's debt-to-equity ratio surpasses industry norms, standing at 2.55. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Have This To Say About Cracker Barrel Old

Truist Securities analyst Jake Bartlett maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Hold and lowers the price target from $75 to $72.

Truist Securities Maintains Hold on Cracker Barrel Old, Lowers Price Target to $72

Cracker Barrel Old Country Store Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) reported second-quarter fiscal 2024 revenues of $935.4 million, up 0.2% Y/Y, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n37333011/cracker-barrel-reports-second-quarter-fiscal-2024-results" rel="noreferrer noopener">consensus of $917.8 million</a>.
Cracker Barrel comparable store restaurant sales increased 1.2%, including total menu pricing increases of 4.8%. Comparable store retail sales fell 5.3% from the prior-year quarter.&nbsp;
Adjusted operating income was $35.9 million, or 3.8% of total revenue, compared to $42.2 million, or 4.5%, a year ago, primarily due to higher labor and related expenses.
Adjusted EPS of $1.37, a 7.5% decrease from $1.48 a year ago, beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $1.36</a>.
Adjusted EBITDA was $63.7 million, or 6.8% of total revenue, a 5.9% decrease compared to the prior year&#8217;s quarter adjusted EBITDA of $67.7 million, or 7.3% of total revenue.
Commenting on the second quarter results, Cracker Barrel President and Chief Executive Officer Julie Masino said, &#8220;While margins remain pressured, we were encouraged by the improvement in our traffic trend during the quarter, which we believe was supported by our investments in labor and advertising and our focus on the guest experience.&#8221;
FY24 Outlook: Cracker Barrel now expects revenue of $3.5 billion &#8211; $3.6 billion (<a target="_blank" href="https://www.benzinga.com/news/earnings/23/11/36024314/why-is-american-restaurant-chain-cracker-barrel-old-country-stock-falling-today" rel="noreferrer noopener">prior $3.4 billion &#8211; $3.5 billion</a>) versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $3.5 billion</a>.
The company reiterated forecast for two new Cracker Barrel stores and 9 to 11 new Maple Street Biscuit Company units.
It sees commodity inflation of 0% &#8211; 2% (prior expectation of low-single digits) and hourly wage inflation of approximately 5% (prior expectation of mid-single digits).
Price Action: CBRL shares are down 0.89% at $71.68 on the last check Tuesday.
Photo via Wikimedia Commons

Cracker Barrel's Modest Sales Growth Amid Rising Costs, Sets Optimistic Revenue Outlook

Cracker Barrel Sees FY24 Total Revenue $3.5B-$3.6B vs $3.47B Est.

Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) reported quarterly earnings of $1.37 per share which beat the analyst consensus estimate of $1.36 by 0.74 percent. The company reported quarterly sales of $935.40 million which beat the analyst consensus estimate of $917.83 million by 1.91 percent. This is a 0.16 percent increase over sales of $933.87 million the same period last year.

Earnings Beats

Cracker Barrel Old Q2 2024 Adj EPS $1.37 Beats $1.36 Estimate, Sales $935.40M Beat $917.83M Estimate

U.S. stocks are poised for a potential rebound on Tuesday after facing&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37319621/us-stocks-pause-alphabet-google-falls-on-gemini-woes-tesla-bitcoin-rallies-whats-dr" rel="noreferrer noopener">concerns about valuations</a>&nbsp;in the previous session. Early trading shows modest gains in major index futures, indicating continued market momentum. The day&#8217;s trading direction may be influenced by retail earnings reports, economic data releases, and a scheduled Fed speech. Traders may proceed cautiously ahead of key economic catalysts expected later in the week.
With February recording solid gains, markets could be aiming to close the month on a positive note. Investor sentiment leans towards risk-taking, as reflected in rallying cryptocurrencies, with&nbsp;Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surpassing the $56,500 mark.
Monday&#8217;s Market Recap:
The market, which had been overbought, opened higher but later relinquished its gains, displaying volatility throughout the session. Monday&#8217;s subdued sentiment occurred as traders paused for a breather following the recent record highs in the broader market.
All three major indices ended the session slightly lower, although small-cap stocks, which had been underperforming, managed to buck the downtrend and finish moderately higher.
Eight of the 11 S&amp;P 500 sector classes closed lower for the day, primarily in the communication services, utility, and real estate sectors. Information technology (IT) stocks remained largely unchanged with a slight positive bias, while the consumer discretionary and energy sectors saw modest gains.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.13%</td>
<td>15,976.25</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.38%</td>
<td>5,069.53</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.16%</td>
<td>39,069.23</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.61%</td>
<td>2,028.97</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
As February is shaping up to be a strong month, an analyst pointed to historical data that augurs well for the market.
Calling it a &#8220;big takeaway,&#8221; Carson Group&#8217;s Ryan Detrick noted that the market records an average gain of 19.87% on the years when both January and February record gains.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here&#39;s what the S&amp;P 500 looks like in years it gains in both Jan and Feb. Up 19.87% on average is the big takeaway. <a href="https://t.co/FgHbPfnBU2">pic.twitter.com/FgHbPfnBU2</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1762237651141140709?ref_src=twsrc%5Etfw">February 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
With just three sessions to go for February to end, the S&amp;P 500 is up 4.62%, adding onto the 1.59% gain in January.
Futures Today
 Futures Performance On Tuesday ( as of 5:30 a.m. ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.17%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.09%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.04%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.25%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.11% to $506.55 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.22% to $437.52, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Commerce Department is due to release its durables goods orders report for January at 8:30 a.m. ET. Economists, on average, expect durable goods orders to dip 4.9% month-over-month, following December&#8217;s unchanged reading. Core durable goods orders excluding the volatile transportation orders, may have risen 0.2%, slower than the previous month&#8217;s 0.6% growth.
The S&amp;P/Case-Shiller as well as the Federal House Finance Agency will release the results of their separate house price surveys for December at 9 a.m. ET. The S&amp;P/Case-Shiller 20-city composite house price index is expected to increase a seasonally unadjusted 6% in December compared to 5.4% growth in November. FHFA&#8217;s house price index is expected to increase at a stable monthly rate of 0.3%.
Fed Vice Chair for Supervision Michael Barr is scheduled to speak at 9:05 a.m. ET.
The Conference Board is due to release its consumer confidence index for February at 10 a.m. ET, with economists, on average, estimating a reading of 115.1, up slightly from January&#8217;s 114.8.
See Also:<a href="https://www.benzinga.com/money/best-futures-brokers"> Best Futures Brokers</a>
Stocks In Focus:
<ul>
<li>Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) climbed nearly 12% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s earnings announcement.</li>
<li>Other stocks moving on earnings are CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) (down about 13%), Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) (down over 7%), CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) (up about 9%) and Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) (down about 15.50%).</li>
<li>American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>), Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>), Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) are among the notable <a href="https://www.benzinga.com/calendars/earnings">companies due to release their quarterly results ahead of the market open.</a></li>
<li>Those reporting after the close include Agilent Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>), Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>), Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), eBay, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Splunk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPLK#NASDAQ">SPLK</a>), Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) and Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures slipped 0.04% to $77.55 in early European session on Tuesday after rallying 1.49% on Monday. The benchmark 10-year Treasury note edged down 0.031 percentage points at 4.268%. 
In Asia, Hong Kong and Chinese markets ended solidly higher, while the sentiment across the rest of the major markets was muted. European stocks held up in early trading, with Germany&#8217;s DAX leading the gains. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37328246/this-is-bidenomics-peter-schiff-says-cereal-for-dinner-trend-noted-by-kellogg-ceo-e">&#8216;This Is Bidenomics:&#8217; Peter Schiff Says Cereal-For-Dinner Trend Noted By Kellogg CEO Echoes &#8216;Jimmy Carter Days&#8217; Of Sweater-Wearing Amid High Heating Bills</a>
Photo by Tada Images on Shutterstock

Nasdaq, S&P 500 Futures Grind Higher After Pause, Bitcoin Tops $56K: Analyst Spotlights 'Big Takeaway' That Augurs Well For Market

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Earnings Scheduled For February 27, 2024

Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-27. Here's what investors need to know before the announcement.
Analysts estimate that Cracker Barrel Old will report an earnings per share (EPS) of $1.37. 
Cracker Barrel Old bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.23, which was followed by a 7.79% increase in the share price the next day.
Here's a look at Cracker Barrel Old's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.74</td>
<td>1.61</td>
<td>1.34</td>
<td>1.36</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>1.79</td>
<td>1.21</td>
<td>1.48</td>
</tr>
<tr>
<td>Price Change %</td>
<td>8.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708977655_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Cracker Barrel Old were trading at $70.44 as of February 23. Over the last 52-week period, shares are down 33.97%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/CBRL/earnings">To track all earnings releases for Cracker Barrel Old visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Cracker Barrel Old

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
<h3>Leggett &amp; Platt, Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/leg#NYSE">LEG</a>)</h3>
<ul>
<li>Dividend Yield: 8.83%</li>
<li>Truist Securities analyst Keith Hughes maintained a Hold rating and cut the price target from $24 to $18 on Feb. 13, 2024. This analyst has an accuracy rate of 87%.</li>
<li>Piper Sandler analyst Peter Keith maintained an Underweight rating and slashed the price target from $21 to $18 on Nov. 1, 2023. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Feb. 8, Leggett &amp; Platt reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates</li>
</ul>
<h3>Cracker Barrel Old Country Store, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>)</h3>
<ul>
<li>Dividend Yield: 7.38%</li>
<li>Truist Securities analyst Jake Bartlett maintained a Hold rating and raised the price target from $70 to $75 on Feb. 2, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Piper Sandler analyst Brian Mullan maintained a Neutral rating and cut the price target from $96 to $75 on Dec. 4, 2023. This analyst has an accuracy rate of 86%.</li>
<li>Recent News: Cracker Barrel Old Country Store tapped lead independent Director, Carl T. Berquist as board Chairman after Sandra B. Cochran chose to accelerate her retirement from the board.</li>
</ul>
<h3>Kohl&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kss#NYSE">KSS</a>)</h3>
<ul>
<li>Dividend Yield: 7.26%</li>
<li>Evercore ISI Group analyst Michael Binetti initiated coverage on the stock with an In-Line rating and a price target of $24 on Nov. 7, 2023. This analyst has an accuracy rate of 64%.</li>
<li>B of A Securities analyst Lorraine Hutchinson maintained an Underperform rating and cut the price target from $25 to $22 on Sept. 26, 2023. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: According to a recent report, former Canada Prime Minister&#39;s hedge fund was pushing Kohl&#39;s to sell itself.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/37305511/workday-dominos-and-3-stocks-to-watch-heading-into-monday"> Workday, Domino&#39;s And 3 Stocks To Watch Heading Into Monday </a>
&nbsp;
&nbsp;

Wall Street's Most Accurate Analysts' Views On 3 Consumer Stocks With Over 7% Dividend Yields

On February&nbsp;22, 2024, Cracker Barrel Old Country Store,&nbsp;Inc. (the &ldquo;Company&rdquo;) and the Company&rsquo;s Executive Chair and former President and Chief Executive Officer, Sandra B. Cochran, mutually agreed to terminate the Employment Agreement dated July&nbsp;17, 2023, between the Company and Ms.&nbsp;Cochran (the &ldquo;Employment Agreement&rdquo;) and to accelerate Ms.&nbsp;Cochran&rsquo;s effective retirement date thereunder, both effective on February&nbsp;22, 2024. Also effective on February&nbsp;22, 2024, Ms.&nbsp;Cochran resigned from the Company&rsquo;s Board of Directors (the &ldquo;Board&rdquo;), and the Board named Carl T. Berquist, the Board&rsquo;s current Lead Independent Director, as the independent Chairman of the Board and decreased the size of the Board from eleven to ten members in accordance with the Company&rsquo;s Second Amended and Restated Bylaws and the Company&rsquo;s Amended and Restated Charter.

Management

Cracker Barrel Old Country Store Tapped Lead Independent Director, Carl T. Berquist as Board Chairman after Sandra B. Cochran Chose to Accelerate Her Retirement from the Board

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
<h3>Cracker Barrel Old Country Store, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>)</h3>
<ul>
<li>Dividend Yield: 6.66%</li>
<li>Truist Securities analyst Jake Bartlett maintained a Hold rating and raised the price target from $70 to $75 on Feb. 2, 2024. This analyst has an accuracy rate of 81%.</li>
<li>Piper Sandler analyst Brian Mullan maintained a Neutral rating and cut the price target from $96 to $75 on Dec. 4, 2023. This analyst has an accuracy rate of 85%.</li>
<li>Recent News: Cracker Barrel Old Country Store, during November, reported worse-than-expected first-quarter financial results.</li>
</ul>
<h3>The Wendy&#39;s Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wen#NASDAQ">WEN</a>)</h3>
<ul>
<li>Dividend Yield: 5.29%</li>
<li>Wedbush analyst Nick Setyan maintained a Neutral rating and cut the price target from $21 to $20 on Feb. 7, 2024. This analyst has an accuracy rate of 83%.</li>
<li>Barclays analyst Jeffrey Bernstein downgraded the stock from Overweight to Equal-Weight with a price target of $21 on Jan. 3, 2024. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: Wendy&#39;s recently named Kirk Tanner as President and CEO.</li>
</ul>
<h3>Best Buy Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bby#NYSE">BBY</a>)</h3>
<ul>
<li>Dividend Yield: 4.88%</li>
<li>Wedbush analyst Seth Basham maintained a Neutral rating and raised the price target from $70 to $75 price target on Jan. 24, 2024. This analyst has an accuracy rate of 73%.</li>
<li>Evercore ISI Group analyst Greg Melich maintained an In-Line rating and cut the price target from $75 to $70 on Nov. 22, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: Best Buy, during November, posted better-than-expected third-quarter earnings.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/36999219/conocophillips-disney-and-3-stocks-to-watch-heading-into-thursday"> ConocoPhillips, Disney And 3 Stocks To Watch Heading Into Thursday</a>

Wall Street's Most Accurate Analysts Hold These 3 Consumer Stocks With Over 4% Dividend Yields

Truist Securities analyst Jake Bartlett maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Hold and raises the price target from $70 to $75.

Truist Securities Maintains Hold on Cracker Barrel Old, Raises Price Target to $75-Report Released on 1 February 2024

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
<h3>Leggett &amp; Platt, Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/leg#NYSE">LEG</a>)</h3>
<ul>
<li>Dividend Yield: 7.75%</li>
<li>Truist Securities analyst Keith Hughes maintained a Hold rating and cut the price target from $26 to $24 on Nov. 1, 2023. This analyst has an accuracy rate of 80%.</li>
<li>Piper Sandler analyst Peter Keith maintained an Underweight rating and lowered the price target from $21 to $18 on Nov. 1, 2023. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: Leggett &amp; Platt announced a restructuring plan, which includes a workforce reduction, and withdrew its long-term financial targets.</li>
</ul>
<h3>Cracker Barrel Old Country Store, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>)</h3>
<ul>
<li>Dividend Yield: 6.89%</li>
<li>Piper Sandler analyst Brian Mullan maintained a Neutral rating and cut the price target from $96 to $75 on Dec. 4, 2023. This analyst has an accuracy rate of 84%.</li>
<li>UBS analyst Dennis Geiger maintained a Neutral rating and slashed the price target from $75 to $70 on Dec. 1, 2023. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: Cracker Barrel Old Country Store, during November, reported worse-than-expected first-quarter financial results.</li>
</ul>
<h3>Whirlpool Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/whr#NYSE">WHR</a>)</h3>
<ul>
<li>Dividend Yield: 6.27%</li>
<li>JP Morgan analyst Michael Rehaut maintained a Neutral rating and raised the price target from $104 to $120 on Dec. 14, 2023. This analyst has an accuracy rate of 71%.</li>
<li>RBC Capital analyst Mike Dahl maintained an Underperform rating on the stock and lowered the price target from $121 to $92 on Oct. 27, 2023. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: During November, Whirlpool revealed its intention to enter into one or more transactions to sell up to 24% of its ownership interest in Whirlpool of India Limited (Whirlpool India) in 2024.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/01/36752351/netflix-tesla-and-3-stocks-to-watch-heading-into-wednesday"> Netflix, Tesla And 3 Stocks To Watch Heading Into Wednesday</a>

Don't Miss These 3 Consumer Stocks With Over 6% Dividend Yields From Wall Street's Most Accurate Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>) shares traded lower on Thursday, representing a pullback <a href="https://www.benzinga.com/news/23/12/36174228/this-analyst-with-84-accuracy-rate-sees-more-than-7-upside-in-broadcom-here-are-5-stock-picks-for-la">from recent strength</a>. 
What To Know: The stock entered December on the heels of a considerable post-earnings selloff, which erased much of the gains the stock made during November.
Cracker Barrel stock trended higher during December. After hitting a three-month high on Wednesday, shares pulled back from the strength on Thursday by over 5%, a move which was also featured on Yahoo&#39;s Trending page.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36416967/crypto-crackdown-looms-in-argentina-as-mileis-bill-demands-full-disclosure">Crypto Crackdown Looms in Argentina As Milei&#39;s Bill Demands Full Disclosure</a>
CBRL Price Action: Shares of Cracker Barrel were down 4.90% at $78.93 at the close of the market, according to <a href="http://pro.benzinga">Benzinga Pro</a>.&nbsp;
Image by <a href="https://pixabay.com/users/congerdesign-509903/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2549069">congerdesign</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2549069">Pixabay</a>
&nbsp;

What's Happened With Cracker Barrel Stock?

Analysts fell to the sidelines weighing in on Cracker Barrel (CBRL – Research Report), Ulta Beauty (ULTA – Research Report) and American Woodmark (...

Analysts Offer Insights on Consumer Cyclical Companies: Cracker Barrel (CBRL), Ulta Beauty (ULTA) and American Woodmark (AMWD)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Dividend investors seek stocks with the highest yields, solid earnings and cash flow to support them. However, not all stocks that offer high dividends have the financial performance to sustain them, and they may have to cut the return.



These three stocks offer higher-than-average yields but have warranted caution over the last quarter and coming into this year. Dividend investors should be wary of the potential cuts that these companies could make this year after less than satisfactory financial gains.



We&rsquo;ll detail the numbers and reports from these companies that show potential signs of an incoming cut this year.



<h2>Cracker Barrel (CBRL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/cbrl-stock-300x169.jpg" alt="Cracker Barrel Old Country Store sign on the outside of one of its locations"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Cracker Barrel (NASDAQ:<a href="https://investorplace.com/stock-quotes/cbrl-stock-quote/">CBRL</a>) paid its last dividend on Feb. 13 at <a href="https://stockevents.app/en/event/dividends/38303787">$1.30</a> per share, an amount that has persisted since 2019 and contributes to Cracker Barrel&rsquo;s current yield of <a href="https://www.nasdaq.com/market-activity/stocks/cbrl/dividend-history">7.95%</a>. Consistency is important for <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a>. However, looking closely at Cracker Barrel&rsquo;s recent financial performance over the last year, there is room for doubt.&nbsp;



Cracker Barrel paid out 94% of its cash flow in dividends and over 116% of its profit from <a href="https://investor.crackerbarrel.com/news-releases/news-release-details/cracker-barrel-reports-fourth-quarter-fiscal-2023-results">last year</a>. These two indicators tell us the percentage of earnings a company pays shareholders dividends. And in Cracker Barrel&rsquo;s case, these numbers are pretty high.



The average payout is closer to 75% of earnings, as a company needs to use its cash and profits to maintain and prosper. Cracker Barrel paying such a high payout is concerning, especially considering the company&rsquo;s earnings per share have <a href="https://www.macrotrends.net/stocks/charts/CBRL/cracker-barrel-old-country-store/eps-earnings-per-share-diluted">declined</a> since a peak in early 2021.



Despite the company&rsquo;s promise of a comparatively high dividend yield, the recent financial performance and general outlook could result in a cut this year.



<h2>Hasbro (HAS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/hasbro-has1600-300x169.png" alt="Hasbro (HAS stock) letters standing next to Magic the Gathering trading cards (a game from Hasbro)"><div>Source: Nico Bekasinski / Shutterstock.com</div></div>Hasbro (NASDAQ:<a href="https://investorplace.com/stock-quotes/has-stock-quote/">HAS</a>) faced several challenges last year, reflected in the company&rsquo;s earnings report. The company <a href="https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-fourth-quarter-and-full-year-2023-financial">reported</a> a 15% revenue decline and a net loss of $10.73 per share. This month, Hasbro paid shareholders <a href="https://www.nasdaq.com/market-activity/stocks/has/dividend-history">$.70</a> per share, currently sitting at a yield of 5.15%.



This payment was a whopping 160% of the company&rsquo;s earnings relative to Hasbro&rsquo;s cash flow. Despite the obstacles affecting Hasbro&rsquo;s earnings, the company has continued to attempt an annual dividend increase.



At this point, that increase doesn&rsquo;t seem sustainable. To further that notion, Hasbro has a set leverage target and continues to allocate significant portions of its profit to paying down its debt, costing them $506 million last year.



Despite these large payouts, Hasbro may not have the continued profits to support them and may be forced to cut dividends to maintain its current trajectory of debt payments.



<h2>Wendy&rsquo;s (WEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/wendys-1600-300x169.jpg" alt="A photo of a Wendy's chicken sandwich and chicken nuggets."><div>Source: Deutschlandreform / Shutterstock.com</div></div>While Wendy&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/wen-stock-quote/">WEN</a>) does not pay out nearly as much cash in dividends as the other two stocks on this list, its most recent earnings report is less than favorable for dividend investors.&nbsp;



A telling metric is the <a href="https://www.macrotrends.net/stocks/charts/WEN/wendys/eps-earnings-per-share-diluted">decrease</a> in adjusted earnings per share that Wendy&rsquo;s has experienced since five years ago. Wendy&rsquo;s has increased dividend payments throughout its history but may not have the proportional earnings increase to supplement and maintain such a promise.



With Wendy&rsquo;s current performance, it would be challenging to maintain their current payouts in the short and long term. After missing initial <a href="https://s1.q4cdn.com/202642389/files/doc_financials/2023/q4/2023-Q4-Earnings-Press-Release.pdf">estimates</a> last quarter, Wendy&rsquo;s new CEO <a href="https://restaurantbusinessonline.com/financing/wendys-new-ceo-hits-ground-running#:~:text=Tanner%20said%20that%20Wendy's%20plans,global%20system%2C%E2%80%9D%20he%20said.">plans</a> to expand breakfast and advertising.&nbsp;



As promising as it sounds, dividend investors should consider how the extra spending may affect Wendy&rsquo;s overall profits and the percentage of their cash flow that will be reallocated. A cut this year from Wendy&rsquo;s to achieve new earnings goals and maintain its current outlook is possible.



On the date of publication, Joel Lim did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Joel Lim is a finance freelance writer who writes content for several companies like LTSE and Realtor, along with financial publications, including Mises Institute and Foundation for Economic Education.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-stocks-at-risk-of-a-dividend-cut-march-2024/">3 Stocks at Risk of a Dividend Cut: March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stocks at Risk of a Dividend Cut: March 2024

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