CBRL Stock Intrinsic Value – Cracker Barrel Old Country Store Reports FY2023 Q4 Earnings Results for Period Ending July 31, 2023
September 20, 2023
🌥️Earnings Overview
On September 13 2023, CRACKER BARREL OLD COUNTRY STORE ($NASDAQ:CBRL) reported their financial results for the fourth quarter of FY2023, which ended on July 31 2023. The company’s total revenue for the period was USD 836.7 million, a 0.8% increase from the same quarter in the preceding year. Net income for the quarter was USD 37.5 million, up 12.3% year over year.
Share Price
On Wednesday, Cracker Barrel Old Country Store reported its financial results for the fourth quarter of its fiscal year 2023, which ended on July 31, 2023. The company’s stock opened at $75.3 and closed at $71.9, a decrease of 3.0% from its last closing price of 74.2. Overall, Cracker Barrel reported a strong fourth quarter, with total sales and net income improving from the same period last year despite decreases in gross profit margin and operating expenses. The company’s liquidity position also improved, indicating a strong financial position going into the next fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CBRL. More…
| Total Revenues | Net Income | Net Margin |
| 3.44k | 99.05 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CBRL. More…
| Operations | Investing | Financing |
| 250.46 | -124.32 | -146.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CBRL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.22k | 1.73k | 21.39 |
Key Ratios Snapshot
Some of the financial key ratios for CBRL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.9% | 33.8% | 3.5% |
| FCF Margin | ROE | ROA |
| 3.6% | 15.9% | 3.4% |
Analysis – CBRL Stock Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of the fundamentals of CRACKER BARREL OLD COUNTRY STORE. After rigorous analysis, we have concluded that the fair value of CRACKER BARREL OLD COUNTRY STORE share is around $157.0. This value was computed using our proprietary Valuation Line. Currently, CRACKER BARREL OLD COUNTRY STORE stock is traded at $71.9, which is 54.2% undervalued. Therefore, we recommend that investors take advantage of this opportunity and invest in this stock for potential growth. More…
Peers
The restaurant industry is a highly competitive market. Many companies compete for market share by offering similar products and services. Cracker Barrel Old Country Store Inc is one such company that competes against others such as Create Restaurants Holdings Inc, Mos Food Service Inc, and Granite City Food & Brewery Ltd. All of these companies offer similar products and services, but each has its own unique selling points that help it stand out in the crowd.
– Create Restaurants Holdings Inc ($TSE:3387)
Restaurant Brands International Inc. is a holding company that operates through its subsidiaries. The company owns and operates quick service restaurants under the Tim Hortons, Burger King, and Popeyes Louisiana Kitchen brands. As of December 31, 2020, it had a network of 29,767 restaurants in approximately 40 countries. The company was founded in 1954 and is headquartered in Toronto, Canada.
RBIS’s market cap is $193.56B as of 2022. The company has a return on equity of 12.73%. RBIS operates quick service restaurants under the Tim Hortons, Burger King, and Popeyes Louisiana Kitchen brands. The company has a network of 29,767 restaurants in approximately 40 countries.
– Mos Food Service Inc ($TSE:8153)
Sysco is the largest foodservice distributor in North America, with a market cap of over $95 billion as of 2022. They serve over 400,000 customers in the United States and Canada, including restaurants, hospitals, schools, and other foodservice establishments. They have a return on equity of 5.34%, which is relatively low compared to other companies in the foodservice industry.
– Granite City Food & Brewery Ltd ($OTCPK:GCFB)
Granite City Food & Brewery Ltd is a company that operates restaurants and breweries. As of 2022, the company has a market capitalization of 5.6 million and a return on equity of 21.92%. The company’s restaurants offer a variety of American-style food, including burgers, salads, and sandwiches, as well as a selection of beer brewed on site. Granite City Food & Brewery Ltd was founded in 1999 and is headquartered in St. Cloud, Minnesota.
Summary
Investors in CRACKER BARREL OLD COUNTRY STORE experienced a significant decrease in stock price on September 13, 2023, after the company reported its earnings for the fourth quarter of FY2023. Total revenue increased by 0.8% compared to the same quarter last year, reaching USD 836.7 million. Net income also increased by 12.3%, totaling USD 37.5 million. Investors should take this into account when considering investing in the company, as the fourth quarter’s performance was less than expected.
Additionally, investors should keep an eye on any further changes to the company’s financial performance in the future.
Related Posts
Recent Posts
