Cracker Barrel Old (NASDAQ:CBRL) Stock, Quote.Headers.trade-ideas

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.

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Cracker Barrel Old Country Store reported a 1.9% decline in third-quarter FY24 sales to $817.135 million, missing the $820.614 million estimate. Comparable store retail sales fell 3.8%, with restaurant sales down 1.5%. Despite this, adjusted EPS of $0.88 exceeded the $0.66 estimate. The company revised its FY24 sales outlook to $3.47 billion - $3.51 billion.

Restaurant Chain Cracker Barrel Posts Mixed Q3 Earnings Due To Lower Traffic: Details

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Why Cracker Barrel Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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Why Doximity Shares Are Trading Higher By 14%; Here Are 20 Stocks Moving Premarket

Cracker Barrel Old Country Store, Inc. - Common Stock

Cracker Barrel Old Country Store Inc

In the latest quarter, 8 analysts provided ratings for Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<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;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</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;">0</td>
<td style="text-align: right;">1</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;">2</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;">2</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $50.5, a high estimate of $62.00, and a low estimate of $42.00. A 16.18% drop is evident in the current average compared to the previous average price target of $60.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1721246450_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Cracker Barrel Old by financial experts is analyzed through recent analyst actions. The following summary presents 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>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$46.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$42.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$46.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$50.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$48.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$50.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$62.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$60.00</td>
<td>$68.00</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: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Cracker Barrel Old's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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: Delving into Financials</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: Cracker Barrel Old's revenue growth over 3 months faced difficulties. As of 30 April, 2024, the company experienced a decline of approximately -1.87%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -1.13%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Cracker Barrel Old's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.07%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Cracker Barrel Old's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.42%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Cracker Barrel Old's debt-to-equity ratio is below the industry average. With a ratio of 2.7, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into Cracker Barrel Old Stock: Analyst Perspectives (8 Ratings)

B of A Securities analyst Sara Senatore maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Underperform and lowers the price target from $48 to $46.

Price Target

B of A Securities Maintains Underperform on Cracker Barrel Old, Lowers Price Target to $46

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/12/24</td>
<td>$260.00</td>
<td>$56.8K</td>
<td>16.6K</td>
<td>132.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$200.00</td>
<td>$34.1K</td>
<td>113.2K</td>
<td>21.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$61.00</td>
<td>$48.0K</td>
<td>165</td>
<td>2.2K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$7.50</td>
<td>$39.4K</td>
<td>4.9K</td>
<td>1.2K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$20.00</td>
<td>$72.0K</td>
<td>8.2K</td>
<td>495</td>
</tr>
<tr>
<td>CBRL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$45.00</td>
<td>$25.0K</td>
<td>1.5K</td>
<td>405</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$25.00</td>
<td>$40.5K</td>
<td>9.0K</td>
<td>102</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$135.00</td>
<td>$32.7K</td>
<td>285</td>
<td>60</td>
</tr>
<tr>
<td>FFIE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$1.00</td>
<td>$27.3K</td>
<td>127</td>
<td>51</td>
</tr>
<tr>
<td>BKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4250.00</td>
<td>$38.5K</td>
<td>423</td>
<td>28</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 12, 2024. This event was a transfer of 137 contract(s) at a $260.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $56.8K, with a price of $410.0 per contract. There were 16649 open contracts at this strike prior to today, and today 132686 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 11 day(s) on July 19, 2024. Parties traded 100 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $341.0 per contract. There were 113211 open contracts at this strike prior to today, and today 21043 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option trade that happens to be bullish, expiring in 25 day(s) on August 2, 2024. This event was a transfer of 200 contract(s) at a $61.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $240.0 per contract. There were 165 open contracts at this strike prior to today, and today 2290 contract(s) were bought and sold. 
• Regarding XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on July 19, 2024. Parties traded 1095 contract(s) at a $7.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $39.4K, with a price of $36.0 per contract. There were 4955 open contracts at this strike prior to today, and today 1267 contract(s) were bought and sold. 
• Regarding M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we observe a call option trade with bearish sentiment. It expires in 39 day(s) on August 16, 2024. Parties traded 900 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $72.0K, with a price of $80.0 per contract. There were 8283 open contracts at this strike prior to today, and today 495 contract(s) were bought and sold. 
• For CBRL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), we notice a call option trade that happens to be bullish, expiring in 74 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 1566 open contracts at this strike prior to today, and today 405 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option sweep with bearish sentiment. It expires in 165 day(s) on December 20, 2024. Parties traded 100 contract(s) at a $25.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $40.5K, with a price of $405.0 per contract. There were 9045 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with bearish sentiment. It expires in 557 day(s) on January 16, 2026. Parties traded 10 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $32.7K, with a price of $3270.0 per contract. There were 285 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• For FFIE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>), we notice a put option trade that happens to be bullish, expiring in 4 day(s) on July 12, 2024. This event was a transfer of 448 contract(s) at a $1.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $61.0 per contract. There were 127 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
• Regarding BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we observe a put option trade with bearish sentiment. It expires in 193 day(s) on January 17, 2025. Parties traded 1 contract(s) at a $4250.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $38500.0 per contract. There were 423 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BKNG

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

XPEV

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/28/24</td>
<td>$192.50</td>
<td>$28.0K</td>
<td>18.6K</td>
<td>68.8K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$17.50</td>
<td>$550.0K</td>
<td>37.5K</td>
<td>8.0K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$577.0K</td>
<td>13.9K</td>
<td>2.3K</td>
</tr>
<tr>
<td>WHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/28/24</td>
<td>$97.00</td>
<td>$36.0K</td>
<td>603</td>
<td>537</td>
</tr>
<tr>
<td>FIVE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$105.00</td>
<td>$109.9K</td>
<td>312</td>
<td>472</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$135.00</td>
<td>$27.7K</td>
<td>7.1K</td>
<td>375</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/05/24</td>
<td>$345.00</td>
<td>$52.8K</td>
<td>904</td>
<td>240</td>
</tr>
<tr>
<td>CBRL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$45.00</td>
<td>$144.0K</td>
<td>257</td>
<td>205</td>
</tr>
<tr>
<td>ANF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$165.00</td>
<td>$149.0K</td>
<td>373</td>
<td>202</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$130.00</td>
<td>$47.5K</td>
<td>215</td>
<td>189</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on June 28, 2024. This event was a transfer of 117 contract(s) at a $192.50 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $240.0 per contract. There were 18683 open contracts at this strike prior to today, and today 68871 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a call option trade with bullish sentiment. It expires in 51 day(s) on August 16, 2024. Parties traded 5000 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $550.0K, with a price of $110.0 per contract. There were 37519 open contracts at this strike prior to today, and today 8023 contract(s) were bought and sold. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option trade with bearish sentiment. It expires in 205 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $577.0K, with a price of $5770.0 per contract. There were 13964 open contracts at this strike prior to today, and today 2361 contract(s) were bought and sold. 
• Regarding WHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), we observe a call option trade with neutral sentiment. It expires in 2 day(s) on June 28, 2024. Parties traded 100 contract(s) at a $97.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $360.0 per contract. There were 603 open contracts at this strike prior to today, and today 537 contract(s) were bought and sold. 
• For FIVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on July 19, 2024. This event was a transfer of 733 contract(s) at a $105.00 strike. This particular put needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $109.9K, with a price of $150.0 per contract. There were 312 open contracts at this strike prior to today, and today 472 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bullish, expiring in 51 day(s) on August 16, 2024. This event was a transfer of 50 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $555.0 per contract. There were 7110 open contracts at this strike prior to today, and today 375 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a call option trade with bearish sentiment. It expires in 9 day(s) on July 5, 2024. Parties traded 200 contract(s) at a $345.00 strike. The total cost received by the writing party (or parties) was $52.8K, with a price of $264.0 per contract. There were 904 open contracts at this strike prior to today, and today 240 contract(s) were bought and sold. 
• Regarding CBRL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), we observe a put option trade with bearish sentiment. It expires in 142 day(s) on November 15, 2024. Parties traded 200 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $144.0K, with a price of $720.0 per contract. There were 257 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold. 
• Regarding ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we observe a put option trade with bearish sentiment. It expires in 51 day(s) on August 16, 2024. Parties traded 200 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $149.0K, with a price of $745.0 per contract. There were 373 open contracts at this strike prior to today, and today 202 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option trade that happens to be bearish, expiring in 51 day(s) on August 16, 2024. This event was a transfer of 26 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $47.5K, with a price of $1830.0 per contract. There were 215 open contracts at this strike prior to today, and today 189 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CVNA

FIVE

RIVN

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Cracker Barrel Old's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NYSE">CBRL</a>) short percent of float has fallen 20.48% since its last report. The company recently reported that it has 3.00 million shares sold short, which is 17.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cracker Barrel Old Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718639121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cracker Barrel Old has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cracker Barrel Old's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cracker Barrel Old's peer group average for short interest as a percentage of float is 12.27%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Cracker Barrel Old's Recent Short Interest

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 lowers the price target from $48 to $42.

Citigroup Maintains Sell on Cracker Barrel Old, Lowers Price Target to $42

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 $51 to $46.

Truist Securities Maintains Hold on Cracker Barrel Old, Lowers Price Target to $46

Cracker Barrel Old Country Store Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) reported a third-quarter FY24 sales decline of 1.9% year-on-year to $817.135 million, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n39083626/cracker-barrel-reports-third-quarter-fiscal-2024-results" rel="noreferrer noopener">missing the analyst consensus estimate of $820.614 million.</a>
Comparable store retail sales decreased 3.8%, and comparable store restaurant sales dropped 1.5%.
&#8220;As we indicated in our recent business update call, our third quarter results came in below expectations due to softer traffic than we originally anticipated, which underscores the importance of executing our strategic transformation,&#8221; said Cracker Barrel President and CEO Julie Masino.
General and administrative expenses increased 21% Y/Y to $54.5 million. The operating loss for the quarter was $19.3 million,compared to an operating income of $16.7 million last year.
Adjusted EPS of $0.88 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the analyst consensus estimate of $0.66.</a>&nbsp;
Adjusted EBITDA for the quarter was $47.9 million compared to $59.6 million last year.
The company <a target="_blank" href="https://www.benzinga.com//node/38882950" rel="noreferrer noopener">recently reduced its quarterly dividend</a> to $0.25 per share. The dividend is payable on August 6 to shareholders of record as of July 19.
Cracker Barrel held $11.8 million in cash and equivalents as of April 26.
Outlook: Cracker Barrel lowered its FY24 sales outlook to $3.47 billion &#8211; $3.51 billion from $3.5 billion &#8211; $3.6 billion versus the consensus of $3.474 billion.
CBRL expects FY24 adjusted EBITDA of $200 million &#8211; $220 million. The company anticipates capital expenditures of $120 million &#8211; $125 million.
CBRL anticipates opening two new Cracker Barrel stores and 8 to 10 new Maple Street Biscuit Company units.&nbsp;
In its recent strategic transformation plan&nbsp;update, Cracker Barrel&nbsp;had warned that its third and&nbsp;fourth quarter&nbsp;fiscal 2024 financial results would be below its previous expectations, primarily due to weaker than anticipated traffic.
Price Action: CBRL shares are trading higher by 3.17% at $46.80 at the last check Thursday.
Photo via Wikimedia Commons

Fiscal 2024&nbsp;Outlook
The Company provided the following update to its fiscal 2024&nbsp;outlook:
<ul>
<li>Total revenue of&nbsp;$3.47 billion&nbsp;to&nbsp;$3.51 billion</li>
<li>Two new Cracker Barrel stores and 8 to 10 new Maple Street Biscuit Company units</li>
<li>Commodity inflation that is approximately flat compared to the prior year</li>
<li>Hourly wage inflation of approximately&nbsp;5%&nbsp;compared to the prior year</li>
<li>Adjusted EBITDA1&nbsp;of&nbsp;$200 million&nbsp;to&nbsp;$220 million, which includes the impact from the 53rd&nbsp;week in the fiscal 2024 year2</li>
<li>Capital expenditures of&nbsp;$120 million&nbsp;to&nbsp;$125 million</li>
</ul>

Cracker Barrel 2024 Outlook: Expects Total Revenue Of $3.47B-$3.51B (Prior $3.5B-$3.6B) Vs. $3.474B Consensus; And Adjusted EBITDA Of $200M- $220M

Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.66 by 33.33 percent. This is a 20 percent decrease over earnings of $1.10 per share from the same period last year. The company reported quarterly sales of $817.135 million which missed the analyst consensus estimate of $820.614 million by 0.42 percent. This is a 1.87 percent decrease over sales of $832.689 million the same period last year.

Earnings Beats

Earnings Misses

Cracker Barrel Old Q3 2024 Adj EPS $0.88 Beats $0.66 Estimate, Sales $817.135M Miss $820.614M Estimate

Cracker Barrel Old's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NYSE">CBRL</a>) short percent of float has risen 14.21% since its last report. The company recently reported that it has 3.78 million shares sold short, which is 22.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.12 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cracker Barrel Old Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717013720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cracker Barrel Old has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Cracker Barrel Old's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cracker Barrel Old's peer group average for short interest as a percentage of float is 11.17%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Cracker Barrel Old's Recent Short Interest

Loop Capital analyst Alton Stump 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 $50.

Loop Capital Maintains Hold on Cracker Barrel Old, Lowers Price Target to $50

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) fell sharply during Friday's session after the company reduced its dividend and said it expects third-quarter and fourth-quarter results <a href="https://www.benzinga.com/quote/CBRL/earnings">below its prior expectations</a>.
Cracker Barrel Old Country Store shares dipped 14.4% to $49.01 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Fangdd Network Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares jumped 258.6% to $1.4709. FangDD filed 2023 annual report on Form 20-F.</li>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) jumped 129.4% to $0.3053 after jumping around 27% on Thursday.</li>
<li>Crown ElectroKinetics Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) shares jumped 89.6% to $0.4580. The stock has seen interest from retail investors on social media.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) jumped 69.6% to $2.7997 after adding around 134% on Thursday.</li>
<li>Nuburu, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) rose 63% to $0.2299.</li>
<li>FLJ Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLJ#NASDAQ">FLJ</a>) gained 62% to $0.7780.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares climbed 58% to $0.2342 after jumping 148% on Thursday.</li>
<li>Recruiter.com Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) gained 43% to $2.33.</li>
<li>NovaBay Pharmaceuticals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBY#NYSE">NBY</a>) climbed 43% to $0.1735.</li>
<li>Bruush Oral Care Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRSH#NASDAQ">BRSH</a>) rose 35.4% to $0.1885 after gaining around 93% on Thursday.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) gained 34.4% to $0.1811.</li>
<li>Brenmiller Energy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>) rose 34.4% to $2.8700 after the company reported its project pipeline has expanded to 49 potential contracts valued at over $500 million in 12 industries across 13 countries.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) rose 33.3% to $0.1879</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) gained 32.7% to $0.1968.</li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares rose 32.5% to $0.2915 after surging over 70% on Thursday.</li>
<li>Xinyuan Real Estate Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XIN#NYSE">XIN</a>) gained 30% to $3.70.</li>
<li>Scorpius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPX#NASDAQ">SCPX</a>) rose 27.7% to $0.1279. Scorpius announced closing of public offering.</li>
<li>JIADE Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) climbed 21.5% to $10.11 amid post-IPO volatility.</li>
<li>Despegar.com, Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) gained 19.7% to $15.01 after the company reported better-than-expected quarterly sales results.</li>
<li>Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) rose 19.7% to $28.41 as the company reported stronger-than-expected financial results for the fourth quarter on Thursday.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) gained 14.5% to $64.52 after the company announced a partnership with OpenAI.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) rose 14.4% to $13.36.</li>
<li>Autolus Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUTL#NASDAQ">AUTL</a>) gained 11.3% to $4.53 following first-quarter results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) rose 9.4% to $4.41.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) rose 6.2% to $19.01 after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $14 to $24.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Heart Test Laboratories, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSCS#NASDAQ">HSCS</a>) shares dipped 33.9% to $7.47.</li>
<li>AmpliTech Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPG#NASDAQ">AMPG</a>) fell 32.7% to $1.4595.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares fell 27.2% to $0.7485 after gaining around 10% on Thursday.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) dipped 22.6% to $0.1058.</li>
<li>GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell 22.6% to $21.43. The video game retailer released preliminary first-quarter results, anticipating revenue between $0.872 billion and $0.892 billion. This represents a significant decline from the prior year's quarter of $1.237 billion. Additionally, GameStop expects a loss of $27 million to $37 million, narrower than the $50.5 million loss reported a year ago.</li>
<li>Prestige Wealth Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PWM#NASDAQ">PWM</a>) fell 21.7% to $1.0099.</li>
<li>AEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) fell 18.8% to $2.60.</li>
<li>DXC Technology Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXC#NYSE">DXC</a>) shares declined 18.7% to $16.17 after the company issued weak guidance.</li>
<li>Bit Origin Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) fell 18% to $3.19</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) shares declined 12.3% to $4.1499. Edible Garden recently posted weak quarterly results.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) fell 9.9% to $1.0090.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) declined 8% to $3.0295.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) fell 7.7% to $9.41. Logistic Properties of the Americas announced $120 million refinancing of two logistics parks in Costa Rica and Peru</li>
<li>Lucy Scientific Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSDI#NASDAQ">LSDI</a>) shares fell 7.4% to $1.47 after jumping 208% on Thursday.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) fell 7.2% to $13.36.</li>
<li>Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) fell 5.8% to $167.28 after reporting results for its first quarter on Thursday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38893741/jim-cramer-recommends-buying-this-sports-betting-companys-stock-i-think-its-terrific">Jim Cramer Recommends Buying This Sports Betting Company&#8217;s Stock: &#8216;I Think It&#8217;s Terrific</a>&#8216;

Why Cracker Barrel Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Friday's Mid-Day Session

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 lowers the price target from $61 to $48.

Citigroup Maintains Sell on Cracker Barrel Old, Lowers Price Target to $48

<h3>Gainers</h3>
<ul>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) shares moved upwards by 118.8% to $3.61 during Friday's regular session. The market value of their outstanding shares is at $154.0 million. </li>
<li>Tupperware Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>) shares rose 38.6% to $2.3. The market value of their outstanding shares is at $107.0 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) stock rose 33.33% to $10.0. The market value of their outstanding shares is at $191.8 million. The company's, Q1 earnings came out 4 days ago. </li>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock increased by 25.0% to $0.28. The company's market cap stands at $16.4 million. </li>
<li>Selina Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) shares rose 20.18% to $0.16. The market value of their outstanding shares is at $87.8 million. </li>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) shares rose 19.85% to $0.37. The market value of their outstanding shares is at $2.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares declined by 31.7% to $0.7 during Friday's regular session. The company's market cap stands at $12.5 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock declined by 24.01% to $21.03. The market value of their outstanding shares is at $6.4 billion. </li>
<li>TCTM Kids IT Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) shares fell 13.15% to $1.42. The market value of their outstanding shares is at $13.9 million. </li>
<li>Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) stock declined by 12.49% to $50.12. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) shares declined by 11.37% to $3.12. The market value of their outstanding shares is at $586.3 million. </li>
<li>U Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCAR#NASDAQ">UCAR</a>) stock fell 9.92% to $6.45. The company's market cap stands at $15.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CTNT

JFBR

TCTM

UCAR

UXIN

12 Consumer Discretionary Stocks Moving In Friday's Intraday Session

CL King analyst Andrew Wolf downgrades Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) from Buy to Neutral.

Downgrades

CL King Downgrades Cracker Barrel Old to Neutral

Shares of Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) rose sharply in today's pre-market trading reported stronger-than-expected financial <a href="https://www.benzinga.com/news/earnings/24/05/38884386/doximity-stock-jumps-10-on-q4-earnings-what-you-need-to-know">results for the fourth quarter on Thursday</a>.
Doximity's fourth-quarter revenue increased 6% year-over-year to $118.1 million, which beat the consensus estimate of $116.4 million, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company reported adjusted earnings of 25 cents per share, beating analyst estimates of 20 cents per share.
The company said it expects first-quarter revenue to be between $119.5 million and $120.5 million versus estimates of $119.23 million.
Doximity shares jumped 13.7% to $27.00 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) gained 124% to $0.2968 in pre-market trading after jumping around 27% on Thursday.</li>
<li>Fangdd Network Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares gained 91.6% to $0.7857 in pre-market trading. FangDD filed 2023 annual report on Form 20-F.</li>
<li>Crown ElectroKinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) gained 79.2% to $0.43 in pre-market trading after surging around 419% on Thursday.</li>
<li>Bruush Oral Care Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRSH#NASDAQ">BRSH</a>) rose 71.4% to $0.24 in today's pre-market trading after gaining around 93% on Thursday.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares rose 57.2% to $0.2328 in pre-market trading after jumping 148% on Thursday.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) gained 52.6% to $2.52 in pre-market trading after adding around 134% on Thursday.</li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares rose 46% to $0.3211 in pre-market trading after surging over 70% on Thursday.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) shares climbed 19.4% to $1.04 in pre-market trading</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) gained 13.5% to $63.99 in pre-market trading after the company announced a partnership with OpenAI.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>AmpliTech Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPG#NASDAQ">AMPG</a>) shares declined 36.4% to $1.38 in pre-market trading.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares dipped 23.2% to $0.7908 in pre-market trading after gaining around 10% on Thursday.</li>
<li>DXC Technology Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXC#NYSE">DXC</a>) shares declined 22.3% to $15.45 in pre-market trading after the company issued weak guidance.</li>
<li>OptiNose, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTN#NASDAQ">OPTN</a>) shares fell 14% to $1.11 in pre-market trading. OptiNose recently posted a wider-than-expected quarterly loss.</li>
<li>Bridgeline Digital Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) shares fell 12.2% to $1.00 in pre-market trading. Bridgeline Digital recently posted a narrower-than-expected second-quarter loss.</li>
<li>Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) shares fell 11% to $51.00 in pre-market trading after the company reduced its dividend and said it expects third-quarter and fourth-quarter results below its prior expectations.</li>
<li>Warrantee Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRNT#NASDAQ">WRNT</a>) shares fell 10% to $0.27 in pre-market trading.</li>
<li>Lucy Scientific Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSDI#NASDAQ">LSDI</a>) shares fell 9.4% to $1.44 in pre-market trading after jumping 208% on Thursday.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) shares declined 9.3% to $4.31 in pre-market trading. Edible Garden recently posted weak quarterly results.</li>
<li>Tellurian Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NYSE">TELL</a>) fell 8.2% to $0.4787 in pre-market trading.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38888984/applied-materials-rbc-bearings-and-3-stocks-to-watch-heading-into-friday">Applied Materials, RBC Bearings And 3 Stocks To Watch Heading Into Friday</a>

<h3>Gainers</h3>
<ul>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock increased by 75.0% to $0.39 during Friday's pre-market session. The company's market cap stands at $22.9 million. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) shares moved upwards by 64.84% to $2.72. The market value of their outstanding shares is at $116.0 million. </li>
<li>Selina Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) stock increased by 48.99% to $0.2. The company's market cap stands at $108.9 million. </li>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) stock increased by 35.83% to $39.99. The market value of their outstanding shares is at $146.8 million. </li>
<li>Envirotech Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) stock rose 29.08% to $2.13. The company's market cap stands at $33.0 million. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) stock rose 18.09% to $0.51. The company's market cap stands at $17.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares declined by 23.4% to $21.19 during Friday's pre-market session. The market value of their outstanding shares is at $6.4 billion. </li>
<li>Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) shares declined by 14.1% to $49.2. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock fell 6.51% to $0.78. The market value of their outstanding shares is at $27.0 million. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock declined by 4.67% to $0.98. The company's market cap stands at $17.5 million. </li>
<li>Nova Lifestyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVFY#NASDAQ">NVFY</a>) shares declined by 4.35% to $1.98. The market value of their outstanding shares is at $4.7 million. </li>
<li>EZGO Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZGO#NASDAQ">EZGO</a>) shares fell 4.26% to $1.8. The company's market cap stands at $4.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EVTV

EZGO

NVFY

RENT

Connexa Sports Technologies Inc. - Common Stock

YYAI

12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

B of A Securities analyst Sara Senatore maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Underperform and lowers the price target from $62 to $50.

B of A Securities Maintains Underperform on Cracker Barrel Old, Lowers Price Target to $50

WIIM

Cracker Barrel shares are trading lower after the company reduced its dividend and said it expects Q3 and Q4 results below its prior expectations.

Loop Capital Markets analyst Alton Stump maintained a Hold rating on Cracker Barrel (CBRL – Research Report) today and set a price target of $50.00...

Loop Capital Markets Sticks to Their Hold Rating for Cracker Barrel (CBRL)

Cracker Barrel Is Pursing A Necessary But Challenging Transformation

Cracker Barrel: Despite Real Issues And An Uncertain Plan, Shares Look Appetizing

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
I&rsquo;ve long been a proponent of <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a> as reliable anchors in an investment portfolio. But you can&rsquo;t buy them blindly. While there are outstanding blue-chip stocks out there, there&rsquo;s the other side of the coin &ndash; F-rated blue-chip stocks that will do serious damage unless you properly identify them as stocks to sell.



Blue-chip stocks represent names you already know &ndash; some of the most well-established and financially sound companies on the market. Blue chips are recognized leaders in their fields, sport large market capitalizations and usually offer enticing dividend payments.



Using the Portfolio Grader, you can quickly identify which blue-chip names are underperforming the market. And you can even find some names doing so badly with earnings, revenue growth, momentum and analyst sentiment that they get a dreaded &ldquo;F&rdquo; rating.



If you own an F-rated blue-chip stock, you are leaving money on the table that could be better utilized in more promising opportunities. Holding on comes with a lot of risk because a turnaround is not guaranteed, and if it comes at all, it could take a long time. Your money is better spent with highly rated stocks that will help you along your investing journey.



These are some F-rated stocks to sell now. It&rsquo;s not too late to divest from these underperforming blue chips and move your money to more promising opportunities.



<h2>United Parcel Service (UPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/ups-1600-300x169.png" alt="Close up of UPS logo printed on a delivery truck."><div>Source: Sundry Photography / Shutterstock</div></div>United Parcel Service (NYSE:<a href="https://investorplace.com/stock-quotes/ups-stock-quote/">UPS</a>) is one of the biggest shipping companies in the world, operating in over 220 countries and territories. Founded more than 100 years ago, in 1907, it offers transportation, distribution, trade and brokerage services.



But time has not been kind to UPS, particularly recently. The company is battling declining delivery volume and higher labor costs, thanks in part to a new contract it signed with union workers last year.



Those factors helped lead to a sagging stock price and a <a href="https://investors.ups.com/news-events/press-releases/detail/2119/ups-releases-1q-2024-earnings">disappointing earnings</a> report in the first quarter. Revenue of $21.7 billion was down from $22.9 billion a year ago.



There were problems in both the U.S. and the company&rsquo;s international segment. In the U.S., profits fell to $839 million, from $1.48 billion in the first quarter of 2023. Revenue in the U.S. fell by 5%, and the average daily volume fell by 3.2%.



In the company&rsquo;s international segment, revenue fell by 6.3% and the average daily volume was down by 5.8%. Operating profit for the international segment dropped from $806 million a year ago to $682 million in the first quarter of 2024.



Warren Buffett sold his $10 million stake in UPS late last year and that looks to be a good decision. UPS is down 13% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Walgreens Boots Alliance (WBA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/wba1600-300x169.jpg" alt="Walgreens (WBA) store exterior and sign in Pompano Beach, Florida"><div>Source: saaton / Shutterstock.com</div></div>Walgreens Boots Alliance (NASDAQ:<a href="https://investorplace.com/stock-quotes/wba-stock-quote/">WBA</a>) is a retail pharmacy chain that operates over 8,000 locations in the U.S. and over 3,000 in Europe and Latin America.



But the company is in deep trouble as spiraling costs and reduced margins &ndash; particularly with generic drugs whose prices are strongly influenced by pharmacy benefits managers &ndash; have taken a massive toll on WBA profits.



&Prime;We assumed &hellip; in the second half that the consumer would get somewhat stronger&rdquo; but &ldquo;that is not the case,&rdquo; Walgreens CEO Tim Wentworth said <a href="https://www.cnbc.com/2024/06/27/walgreens-wba-earnings-q3-2024.html">in an interview with CNBC.</a> &ldquo;[T]he consumer is absolutely stunned by the absolute prices of things, and the fact that some of them may not be inflating doesn&rsquo;t actually change their resistance to the current pricing. So we&rsquo;ve had to get really keen, particularly in discretionary things.&rdquo;&nbsp;



The company cut its earnings guidance for the rest of the fiscal year from a range of $3.20 to $3.35 to a range of $2.80 to $2.95. It said it would close underperforming stores, although management didn&rsquo;t say how many that would include. Wentworth told analysts that 100% of the company&rsquo;s profitability comes from 75% of the company&rsquo;s stores.



WBA stock is down 53% this year, including a massive 22% drop when the company dropped its full-year guidance. The stock gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Warner Bros. Discovery (WBD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/wbd-stock-1-300x169.jpg" alt="A close-up of the blue and yellow Warner Bros (WBD) sign."><div>Source: Ingus Kruklitis / Shutterstock.com</div></div>Warner Bros. Discovery (NASDAQ:<a href="https://investorplace.com/stock-quotes/wbd-stock-quote/">WBD</a>) is a media an entertainment company formed by Warner Bros.&rsquo; spinoff from AT&amp;T (NYSE:<a href="https://investorplace.com/stock-quotes/t-stock-quote/">T</a>) in 2022 and its merger with Discovery. 



The company has several massive properties, including the Warner Bros. film studios, Cable News Network CNN, the Cartoon Network, cable station TBS, and the streaming platform Max.



But the spinoff hasn&rsquo;t been a success, having lost 70% of its value since launch. And that continued this year, as <a href="https://s201.q4cdn.com/336605034/files/doc_earnings/2024/q1/earnings-result/WBD-1Q24-Earnings-Release.pdf">revenues in the first quarter</a> were down 7% from a year ago to $9.95 billion. The company reported a net loss for the quarter of $966 million.



The good news is that the company could repay $1.1 billion in debt in the first quarter. But I don&rsquo;t expect this company to turn around until it can figure out a way to pay the rest of its debt and start putting more money into growing the business again.



WBD stock is down 35% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>American Airlines (AAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/aal1600-300x169.jpg" alt="An American Airlines (AAL) airplane waiting on the tarmac. Represents airline stocks."><div>Source: GagliardiPhotography / Shutterstock.com</div></div>American Airlines (NASDAQ:<a href="https://investorplace.com/stock-quotes/aal-stock-quote/">AAL</a>) is one of the biggest airlines in the world, operating nearly 6,700 flights per day to more than 300 destinations.



But there&rsquo;s trouble in the air for AAL stock. While this summer is expected to be a big travel season, American Airlines <a href="https://americanairlines.gcs-web.com/static-files/4f22e85f-6b8d-491b-8d5f-86c2c764a0b3">lowered its guidance</a> on May 28, saying it expects second quarter adjusted earnings to be in a range from $1 to $1.15 per share, down from a range of $1.15 and $1.45 per share. 



In addition, the company said its total revenue per available seat mile will drop by 5% to 6%, instead of the 1% to 2% that the company first forecast.



All this comes as the airline announced the departure of Chief Commercial Officer Vasu Raja, who launched an initiative he called &ldquo;modern retailing&rdquo; to encourage customers to book flights on the company website or app rather than using booking sites and travel agents. But the move <a href="https://www.its.com/blog/american-airlines-and-the-vasu-raja-saga-whats-next-for-ndc">backfired</a>.



Now American Airlines is left to pick up the pieces. It will take some time to dig out from this self-inflicted wound.



AAL stock is down 17% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Teladoc Health (TDOC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/tdoc-stock-2-300x169.jpg" alt="The Teladoc logo through a magnifying glass."><div>Source: Postmodern Studio / Shutterstock.com</div></div>Teladoc Health (NYSE:<a href="https://investorplace.com/stock-quotes/tdoc-stock-quote/">TDOC</a>) is a telemedicine and virtual health care company, offering primary care, mental health, nutrition care and more. 



The company&rsquo;s doctors are available for consultations 24 hours a day, seven days a week, and can diagnose cold symptoms, skin rashes, and upper respiratory infections.



That may have sounded like a good idea during the Covid-19 pandemic, but Teladoc isn&rsquo;t showing the profitability that you would expect from a company this mature. While <a href="https://ir.teladochealth.com/news-and-events/investor-news/press-release-details/2024/Teladoc-Health-Reports-First-Quarter-2024-Results/default.aspx">revenue</a> was up by 3% in the first quarter to $646.1 million, the company still posted a net loss of $81.9 million and a loss of 49 cents per share.



Things won&rsquo;t improve in Q2, as the company issued guidance calling for revenue in the range of $635 million to $660 million and a net loss of 35 cents to 45 cents per share.



The company&rsquo;s <a href="https://www.healthcaredive.com/news/teladoc-health-ceo-jason-gorevic-leaves-mala-murthy/712402/">weak stock performance</a> prompted the ouster of longtime CEO Jason Gorevic, who was <a href="https://business.teladochealth.com/newsroom/press/release/Teladoc-Health-Names-Chuck-Divita-as-CEO/">replaced</a> by Chuck Divita, who was executive vice president of Guidewell. 



Perhaps Divita will have better luck making Teladoc profitable, but there&rsquo;s no need for investors to wait around as long as the company continues to issue guidance for losses.



TDOC stock is down 53% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Ceasars Entertainment (CZR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/czr-stock-1-300x169.jpg" alt="Caesar's Palace (CZR) in Las Vegas"><div>Source: Jason Patrick Ross/Shutterstock.com</div></div>Ceasars Entertainment (NASDAQ:<a href="https://investorplace.com/stock-quotes/czr-stock-quote/">CZR</a>) is a place for fun &ndash; the company offers hotels, upscale dining, dazzling shows and casino gaming. 



The company has a major presence in Las Vegas has numerous gaming brands including Ceasars Palace, Harrah&rsquo;s, Horseshoe, Eldorado and Tropicana.



Ceasars now has more than 50 properties, having opened its first property in Nebraska last month, a Harrah&rsquo;s branded horse racetrack and casino.



While it might be fun to visit a Ceasar property, however, holding Ceasars stock has been more of a gamble. The company saw <a href="https://investor.caesars.com/news-releases/news-release-details/caesars-entertainment-inc-reports-first-quarter-2024-results">revenue</a> of $2.7 billion in the first quarter, down from $2.8 billion a year ago. Revenue from Las Vegas properties was down 4.5% for the quarter, and income from Las Vegas was down 30%.



The Las Vegas results were particularly surprising considering the quarter included what may be the biggest party of the year in Super Bowl LVIII, which was held in Las Vegas in February. But not even the so-called big game could keep Ceasars from slipping.



CZR stock is down 17% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Cracker Barrel Old Country Store (CBRL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/cbrl-1600-300x169.jpg" alt="Cracker Barrel gift card in a hand over a shelves with different giftcards"><div>Source: dennizn / Shutterstock.com</div></div>Cracker Barrel Old Country Store (NASDAQ:<a href="https://investorplace.com/stock-quotes/cbrl-stock-quote/">CBRL</a>) is a chain of restaurants and gift stores. 



The company operates 600 locations in 44 states, with its restaurants featuring a menu of southern comfort food and the gift shops selling everything from rocking chairs and quilts.



But customers aren&rsquo;t visiting as much as they used to &ndash; be it from increased competition to changing consumer tastes, the traffic is down.



<a href="https://investor.cbrlgroup.com/news-releases/news-release-details/cracker-barrel-reports-third-quarter-fiscal-2024-results">Revenue in the third quarter of fiscal 2024</a> included revenue of $817.1 million, down 1.9% from a year ago. Comparable restaurant sales were down 1.5%, and retail sales were down 3.8%.



Overall, the company reported a net loss of $9.2 million for the quarter, or 41 cents per share.



When you operate in a niche like Cracker Barrel, it will be hard to make a shift to attract new customers without completely changing the brand. It makes more sense to sell the stock than to hope for a turnaround.



CBRL stock is down 45% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



On the date of publication, neither Louis&nbsp;Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
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The post <a href="https://investorplace.com/market360/2024/07/7-f-rated-blue-chip-stocks-thatll-have-you-seeing-red/">7 F-Rated Blue-Chip Stocks That&#8217;ll Have You Seeing Red</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 F-Rated Blue-Chip Stocks That'll Have You Seeing Red

Restaurant stocks begin the third quarter with another drop

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Few industries were as hard hit by the Covid-19 pandemic as the restaurant sector. According to the National Restaurant Association, the pandemic resulted in $240 billion of <a href="https://www.cnbc.com/2021/01/26/restaurant-industry.html">financial losses at U.S. restaurants</a>. Additionally, it wiped out 2.5 million jobs and led more than 110,000 dining establishments to permanently close. In all, the pandemic obliterated six years of growth across the restaurant industry.



Unsurprisingly, many restaurants, including the biggest chains, are still recovering from the devastation. Another complicating factor has been the sharp rise in inflation coming out of the pandemic, which forced many restaurants to raise prices and <a href="https://www.barrons.com/articles/fast-food-mcdonalds-inflation-price-war-wendys-chipotle-burger-king-3fdf5d47">further alienate customers</a>. The end result has been soft financial results and depressed share prices. However, glimmers of hope are starting to emerge for the sector. 



So now could be a good time to pick-up stocks while they&rsquo;re on sale, such as these three most undervalued <a href="https://investorplace.com/industries/consumer-discretionary/retail/restaurant/">restaurant stocks</a> to buy in July 2024.



<h2>McDonald&rsquo;s (MCD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/mcd1600-1-300x169.png" alt="New McDonalds Being Built in 2020, Close Up of Main McD Sign"><div>Source: Retail Photographer / Shutterstock.com</div></div>McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/">MCD</a>) stock looks enticing at current levels. Shares of the Golden Arches are down 15% this year and close to a 52-week low. Also, the stock trades at 21 times future earnings estimates, which is below the historic average for the company. Throw in a quarterly dividend payment of $1.67 a share, for a yield of 2.66%, and MCD stock looks like <a href="https://investorplace.com/2024/05/want-fries-with-that-rebound-why-mcdonalds-stock-could-sizzle-soon/">good value</a> right now if not undervalued.



Speaking of value, McDonald&rsquo;s is in the midst of bringing back its <a href="https://www.bloomberg.com/opinion/articles/2024-07-05/mcdonald-s-5-meal-tells-you-where-prices-are-headed">popular $5 value meal</a>. It relaunched on June 25 and runs for one month before it is discontinued again. The short-term promotion includes a choice of a McDouble or McChicken sandwich, small french fries, four-piece Chicken McNuggets and a small soft drink for only five bucks. The meal is expected to give the company&rsquo;s <a href="https://www.cnbc.com/2024/07/01/history-shows-mcdonalds-5-meal-may-drive-up-sales-and-stock-price.html">earnings a lift</a>. Some analysts are encouraging McDonald&rsquo;s to make this value meal permanent.



Analysts see more upside ahead for MCD stock, with the <a href="https://www.tipranks.com/stocks/mcd/forecast">median price target</a> on the shares 23% higher than current levels. This makes McDonald&rsquo;s an undervalued restaurant stock worth considering.



<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>Investors hunting for a really beaten down restaurant stock to bottom fish should consider Cracker Barrel (NASDAQ:<a href="https://investorplace.com/stock-quotes/cbrl-stock-quote/">CBRL</a>). The company&rsquo;s share price is down 50% on the year and sitting right at a 52-week low after announcing in May that it is <a href="https://investorplace.com/2024/05/cracker-barrel-cbrl-stock-falls-on-80-dividend-cut/">cutting its quarterly dividend</a> payment by 80%. CBRL stock is currently trading at 14 times forward earnings estimates.



The dividend cut lowered Cracker Barrel&rsquo;s distribution to 25 cents from $1.30, and the move has gone over like a lead balloon with investors. Previously, Cracker Barrel had one of the highest yielding dividends at 9.08%. However, after the cut, the dividend still has a decent yield of 2.54%, which is higher than most publicly traded companies. Another reason to be optimistic is that Cracker Barrel is overhauling its brand and stores as part of a multi-year $180 million <a href="https://www.investopedia.com/cracker-barrel-slashes-its-dividend-as-it-shakes-up-operations-sending-stock-plunging-8650142">revitalization effort</a>.



Notably, analysts&rsquo; <a href="https://www.tipranks.com/stocks/cbrl/forecast">median price target</a> is 40% higher than the shares current trading level.



<h2>Restaurant Brands International (QSR)</h2>







Another down on its luck stock to consider is Restaurant Brands International (NYSE:<a href="https://investorplace.com/stock-quotes/qsr-stock-quote/">QSR</a>). The parent company of Burger King, Popeyes and Firehouse Subs has seen its <a href="https://www.fool.ca/2024/05/23/blue-plate-special-restaurant-brands-stock-is-down-16/">share price decline 10%</a> this year. Over five years, QSR stock has registered no gain (down 0.93%). The shares are currently trading at 17 times future earnings estimates and offer investors a quarterly dividend of 58 cents a share, for a yield of 3.33%.



As with the other companies mentioned, management at Restaurant Brands is working to turn around the fortunes of its chains and stock. In particular, the company is undertaking a major refresh of Burger King, remodeling restaurants and spending more money on advertising to drive customer traffic. Restaurant Brands shelled out $1 billion to buy Burger King&rsquo;s largest U.S. franchisee, <a href="https://www.rbi.com/English/news/news-details/2024/Burger-King-Company-to-Acquire-Carrols-Restaurant-Group/default.aspx">Carrols Restaurant Group</a>, in a deal aimed at helping the chain renovate its locations faster.



The <a href="https://www.tipranks.com/stocks/tse:qsr/forecast">median price target </a>on QSR stock among 18 analysts is 23% higher than the current share price.



On the date of publication, Joel Baglole 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 InvestorPlace.com&nbsp;<a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestorplace.com%2Fcorporate%2Finvestorplace-publishing-guidelines%2F&amp;data=04%7C01%7C%7C5a525d9084ae4cdfb8f008da1edbf06e%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637856227247256778%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=uLFH3ol2mcVxuJrHYW3xDLVx3qGIvonIwHvcfUa%2Fo24%3D&amp;reserved=0">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/the-3-most-undervalued-restaurant-stocks-to-buy-in-july-2024/">The 3 Most Undervalued Restaurant Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Most Undervalued Restaurant Stocks to Buy in July 2024

CAVA, Sweetgreen, and Dutch Bros headline another down day for restaurant stocks

This week, several dividend stocks are trading close to their 52-week lows. Here is a list of ten such stocks that are also reaching their ex-divid...

Ex-Dividend Date Nearing for These 10 Stocks – Week of July 15, 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
More often than not, investors should be careful about going against the wisdom of analyst assessments. These folks didn&rsquo;t get to where they are by happenstance. No, they had to establish a strong track record of success. That they are intelligent goes with the territory. However, sometimes even the experts get things wrong and thus provide the framework for contrarian stocks.



To be clear, you&rsquo;re dealing with a high-risk, high-reward endeavor. While it may be sexy to bet against the crowd, groupthink exists for a reason. And when that crowd is a crowd of analysts, you&rsquo;ve got to be sure in the contrarian thesis. Otherwise, blindly betting on ideas that the experts believe could fail could be a surefire way of absorbing severe penalties.



However, it&rsquo;s also not prudent to depend on analysts for its own sake. Rather, the financials and the fundamentals should be the guiding force. With that said, below are intriguing ideas for contrarian stocks to buy.



<h2>Lucid Group (LCID)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/lcid1600-3-300x169.png" alt="A Lucid Motors retail dealership storefront is seen with demo electric cars available for viewing at a local mall. LCID stock"><div>Source: Michael Berlfein / Shutterstock.com</div></div>Over the years, premium electric vehicle manufacturer Lucid Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) has been a frustrating play. While it enjoyed a strong public market debut, LCID stock has been utterly disappointing when stacked against the highs seen in 2021. It&rsquo;s no surprise, then, that analysts have rated shares a <a href="https://www.tipranks.com/stocks/lcid/forecast">consensus moderate sell</a>. Heading into the current week, the assessment broke down as five holds and two sells.



Ordinarily, such a pitiful perspective would make LCID an equity to dump. However, it legitimately could be one of the contrarian stocks to gamble on. First, there&rsquo;s the strong recent performance. In the business week ending July 12, LCID stock gained nearly 37%. Just as importantly, the prior consensus view on Lucid&rsquo;s financials calls for significant growth in fiscal years 2024 and 2025.



Fundamentally, Lucid may tangentially benefit from the Volkswagen (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>) deal with Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>). Basically, the EV competition is moving toward the middle-income crowd, which may lessen competition in the upper-income arena. That might give Lucid a chance to dominate this niche but lucrative segment.



Therefore, it may not be time to give up on LCID stock just yet.



<h2>Chegg (CHGG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/CHGG1600-300x169.jpg" alt="Chegg (CHGG) logo on the company's web page magnified by a magnifying glass"><div>Source: Casimiro PT / Shutterstock.com</div></div>Educational technology (edtech) firm Chegg (NYSE:<a href="https://investorplace.com/stock-quotes/chgg-stock-quote/">CHGG</a>) &ndash; which is probably best known for its online tutoring platform &ndash; makes an intriguing case for contrarian stocks. Sure, the bearish case against the company is rather obvious. Thanks to the rise of artificial intelligence and specifically chatbots that utilize large-language models, Chegg seems irrelevant. After all, you can just ask ChatGPT whatever you want for free.



However, I&rsquo;m reminded of the adage, that you get what you pay for. And since you&rsquo;re paying nothing, what really is the value of chatbot-generated answers? Depending on what type of answers you&rsquo;re looking for, the value could be negative. We all know that AI chatbots can generate incorrect answers. However, what&rsquo;s startling is that ChatGPT has been <a href="https://finance.yahoo.com/news/over-just-few-months-chatgpt-232905189.html">struggling with mathematical functions</a>.



Since math is a quantitative discipline, the high failure rate makes ChatGPT very suspect as a tutoring device. In that sense, Chegg is a lot more relevant than people think. Yes, analysts rate shares a <a href="https://www.tipranks.com/stocks/chgg/forecast">moderate sell</a>. However, it might rank among the contrarian stocks.



It&rsquo;s also worth pointing out that while analysts are projecting erosion in sales for fiscal 2024 and 2025, the realization of AI&rsquo;s limitations could warrant a rethink. At the least, it&rsquo;s something to keep on your watchlist.



<h2>Kronos (KRO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/oversold-stocks-to-buy-300x169.jpg" alt="man in suit holding a tablet with graphic above showing oversold stocks to buy"><div>Source: undefined undefined / Getty Images</div></div>Based in Dallas, Texas, Kronos (NYSE:<a href="https://investorplace.com/stock-quotes/kro-stock-quote/">KRO</a>) falls under the specialty chemicals industry. <a href="https://finance.yahoo.com/quote/KRO/profile/">Per its public profile</a>, Kronos produces and markets titanium dioxide pigments, which are used in various applications. These include paints, coatings, plastics, paper, fibers and ceramics. The material can also be incorporated into ink, food products and cosmetics. It offers a relevant profile, which means that investors should appreciate it.



Indeed, KRO stock has enjoyed a strong performance this year. However, analysts heading into this week pegged Kronos a <a href="https://www.tipranks.com/stocks/kro/forecast">moderate sell</a>. Further, the average price target sits at $12, which implies sizable downside. Some of the pessimism may have stemmed from earlier financial performances. In the second and third quarters of last year, Kronos badly missed against established bottom-line targets.



However, the company started to get back on the right side of things in Q4 2023 and Q1. Also, in the most recent quarter, the annual sales growth rate stands at 12.3%. Interestingly, the consensus view for sales comes in at $2.1 billion, 26% above last year&rsquo;s print of $1.67 billion.



With the wide-ranging relevance of the business, KRO appears to be one of the contrarian stocks to consider.



<h2>Southern Copper (SCCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/scco-1600-300x169.png" alt="Southern Copper Corporation logo on a phone screen in front of the logo on a computer screen. SCCO stock."><div>Source: viewimage / Shutterstock</div></div>Based in Phoenix, Arizona, Southern Copper (NYSE:<a href="https://investorplace.com/stock-quotes/scco-stock-quote/">SCCO</a>) falls under the basic materials sector. Along with mining, exploring, smelting and refining the namesake commodity, Southern Copper also specializes in zinc, molybdenum, silver, gold and lead. Thanks to the inflationary cycle that we find ourselves in relative to pre-pandemic norms, commodities could enjoy an organic uptick.



Not only that, whichever presidential candidate wins in 2024, either administration will be eager to build America according to a specific vision. Whatever that vision is, the underlying theme is building. That should help boost SCCO stock. However, analysts view Southern Copper as a <a href="https://www.tipranks.com/stocks/scco/forecast">consensus moderate sell</a>. Also, their average price target sits at $98.44, implying a significant downgrade.



However, it&rsquo;s difficult to believe that such a circumstance will materialize. Yes, SCCO is overpriced compared to other basic material companies at 9.28X trailing-year sales. Still, the experts believe that Southern can post revenue of $11.43 billion by year&rsquo;s end. That&rsquo;s a 15.5% lift from last year.



Also, Q1 2024&rsquo;s revenue came in at $2.6 billion, beating the consensus view of $2.49 billion. It&rsquo;s one of the contrarian stocks to consider.



<h2>SunPower (SPWR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/spwr1600-300x169.png" alt="In this photo illustration, the SunPower Corporation logo is displayed on a smartphone screen. SPWR stock"><div>Source: rafapress / Shutterstock.com</div></div>Headquartered in Richmond, California, SunPower (NASDAQ:<a href="https://investorplace.com/stock-quotes/spwr-stock-quote/">SPWR</a>) falls under the solar technology space, as you might imagine. <a href="https://finance.yahoo.com/quote/SPWR/profile/">Per its corporate profile</a>, SunPower offers solar, storage and home energy solutions, primarily in the U.S. and Canada. Its mainline products include Equinox and SunVault, which are pre-engineered modular solutions for residential applications.



To be fair, the residential component of the solar energy ecosystem took a major hit in recent years. With monetary policy pivoting to a hawkish stance, high borrowing costs crimped demand. Not helping matters was that inflation was also blisteringly high. Therefore, consumers suffered from the worst of both worlds. Still, as economic circumstances normalize, SPWR may be worth a look.



It&rsquo;s a massive risk. According to Bloomberg, SPWR stock suffered a huge loss earlier this month due to <a href="https://finance.yahoo.com/news/sunpower-shares-plummet-amid-financial-161456098.html">financial misconduct allegations</a>. However, the bulls have attempted to engineer a recovery. Right now, Wall Street experts see a 13.2% decline in 2024 sales to $1.47 billion.



However, if management gets its act together, SunPower could see sales of $1.66 billion in fiscal 2025. It&rsquo;s one of the most speculative ideas among contrarian stocks.



<h2>Hertz Global (HTZ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/htz-stock-300x169.jpg" alt="Image of Hertz (HTZ) branded store comprised of grey materials"><div>Source: Eric Glenn/Shutterstock.com</div></div>One of the boldest ideas among contrarian stocks, Hertz Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/htz-stock-quote/">HTZ</a>) stretches credulity, even among extreme speculators. As you know, Hertz was one of the ignominious victims of the Covid-19 crisis. With global travel practically shut down for months, the company &ndash; which specializes in auto rentals &ndash; had nowhere to go but down. It was unfortunate.



However, even with the pandemic in the rearview mirror, HTZ stock hasn&rsquo;t performed well at all. Just pull up the lifetime chart &ndash; it&rsquo;s ugly. Now, where it gets interesting (possibly) is that there could be reason to believe the volatility is behind us. In the business week ending July 12, HTZ gained almost 12% of equity value. That&rsquo;s a far cry from what we&rsquo;ve seen in prior months.



Also, the fundamentals may be supportive. While the acute phenomenon of revenge travel may not be present anymore, that has given way to travel prioritization: people still value their vacation time and are shifting their discretionary budgets accordingly. That could help Hertz.



Also, the company might see modest revenue growth in fiscal 2024 and 2025. Relatively speaking, HTZ is trading at a deep discount to sales of 0.14X. For the intrepid, Hertz may be one of the contrarian stocks to consider.



<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>Falling under the restaurant industry, Cracker Barrel (NASDAQ:<a href="https://investorplace.com/stock-quotes/cbrl-stock-quote/">CBRL</a>) presents an interesting and controversial narrative. Historically, the company aimed to deliver a taste of Southern culture through its unique ambiance and culinary delights. A couple of years ago, I visited a Cracker Barrel for the first time and thought it was delightful experience.



However, in the past, delightful would not be the adjective used to describe some <a href="https://www.salon.com/2023/06/12/bigotry-was-the-blue-plate-special-how-cracker-barrel-went-from-anti-gay-to-angering-the/">unfortunate customer experiences</a>. To be sure, management has taken the criticisms and attempted to build a more inclusive brand. Now, the company generates controversy for losing touch with its conservative roots.



Still, Cracker Barrel is one of the few major restaurant brands that focus heavily on Southern food. You&rsquo;re just not going to find that at your local Applebee&rsquo;s, for instance. So, I believe the company&rsquo;s efforts to please both sides of the ideological divide could pay off.



Also, the latest news suggests that eateries are <a href="https://finance.yahoo.com/news/restaurants-continue-serve-sales-growth-122800156.html#:~:text=U.S.%20restaurants%20saw%20sales%20growing,through%20April%20totaled%20%2436.7%20billion.">improving in sales</a>. If that&rsquo;s the case, analysts may be understating Cracker Barrel&rsquo;s upside potential and overstating the power of angry voices on the right. It could very well be one of the contrarian stocks to buy.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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Cracker Barrel: The Road To Relevance Goes Through Five Pillars

BLMN

BROS

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DENN

EATZ

FWRG

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Win Big This Summer with the Cracker Barrel Old Country Store® Endless Summer Sweepstakes

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Cracker Barrel Old

Cracker Barrel Old (CBRL) Forecast

Cracker Barrel Old (NASDAQ:CBRL) Stock, Quote.Headers.trade-ideas