Cracker Barrel
Serves Southern-style meals with attached retail shops and a smaller biscuit concept.
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Profile
Runs US roadside restaurants with attached country-store retail shops and Maple Street Biscuit Company. Food service and retail are managed together, so the business reports one operating segment.
Operates full-service Cracker Barrel restaurants serving breakfast, lunch, and dinner, with attached country-store shops selling decor, rocking chairs, apparel, toys, gifts, and food. Maple Street Biscuit Company adds a smaller fast-casual breakfast-and-lunch format centered on biscuits and coffee.
The footprint is concentrated in the United States and built for highway travelers as well as local guests. Restaurant and retail economics are managed together, so the company reports one operating and reportable segment rather than separating food service from store merchandise.
Execution depends on traffic in a full-service dining model, conversion of restaurant visits into retail sales, and keeping brand updates close to guest expectations. Recent management work has shifted back toward food, kitchen operations, and guest experience after a paused remodel and logo reset.
Company facts
Categories
Key statistics
Year to date +107% · Average volume (30d) 808.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 22, 2026 | Piper Sandler | Reiterate | Neutral | $27 | $51 | |
| Jul 22, 2026 | Wells Fargo | Reiterate | Overweight | $50 | $60 | |
| Jun 12, 2026 | Argus Research | Target | $52 | $60 | ||
| Jun 10, 2026 | UBS | Reiterate | Neutral | $26 | $37 | |
| Jun 10, 2026 | Wells Fargo | Upgrade | Equal Weight | Overweight | $30 | $50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 9, 2026Q3 FY26 | −$0.45 | $0.29 | +164.4% | $776.7M | $797.4M | +2.7% | +22.56% |
| Mar 4, 2026Q2 FY26 | −$0.10 | $0.25 | +350.0% | $866.5M | $874.8M | +1.0% | +1.47% |
| Dec 9, 2025Q1 FY26 | −$0.78 | −$0.74 | +5.1% | $800.3M | $797.2M | −0.4% | +3.52% |
| Sep 17, 2025Q4 FY25 | $0.78 | $0.74 | −5.1% | $831.3M | $868.0M | +4.4% | −7.64% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $949.4M | $821.1M | $868.0M | $797.2M | $874.8M | $797.4M | |
| Gross profit | $313.3M | $269.1M | $286.7M | $247.5M | $48.9M | $556.4M | |
| Operating income | $29.1M | $14.9M | $4.0M | −$32.8M | $881.0K | $6.7M | |
| Net income | $22.2M | $12.6M | $6.8M | −$24.6M | $1.3M | $42.8M | |
| Diluted EPS | $0.99 | $0.56 | $0.30 | −$1.10 | $0.06 | $1.90 | |
| Gross margin | 33.0% | 32.8% | 33.0% | 31.0% | 5.6% | 69.8% | |
| Operating margin | 3.1% | 1.8% | 0.5% | -4.1% | 0.1% | 0.8% |
Fiscal years (4-quarter sums)FY21 $2.82B · FY22 $3.27B · FY23 $3.44B · FY24 $3.47B · FY25 $3.48B
Revenue by product · Q3 FY26
Balance sheet, May 1, 2026Cash & short-term investments $26.1M · Total debt $1.09B · Total assets $2.09B · Shareholders' equity $465.5M
Dividends
Last cut to $0.25 from $1.30 in Jul 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 17, 2026 | Jul 17 | Aug 12 | $0.25 | |
| Apr 10, 2026 | Apr 10 | May 13 | $0.25 | |
| Jan 16, 2026 | Jan 16 | Feb 11 | $0.25 | |
| Oct 17, 2025 | Oct 17 | Nov 12 | $0.25 | |
| Jul 18, 2025 | Jul 18 | Aug 13 | $0.25 | |
| Apr 11, 2025 | Apr 11 | May 14 | $0.25 | |
| Jan 17, 2025 | Jan 17 | Feb 12 | $0.25 | |
| Oct 18, 2024 | Oct 18 | Nov 13 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 22.35M · Float 21.94M · 98.2% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.55M | 15.90% | 13F | Aug 7, 2026 |
| Sardar Biglari | 2.07M | 9.30% | 13D/A | Oct 8, 2024 |
| D. E. Shaw & Co., L.P. | 1.63M | 7.30% | 13G | Jul 13, 2026 |
| American Century Companies Inc | 1.05M | 4.71% | 13F | Aug 12, 2026 |
| Allianz Asset Management GmbH | 1.04M | 4.66% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 5, 2026 | GMT Capital Corp | 10 percent owner | −42,400 | $27.10 |
| Dec 29, 2025 | GMT Capital Corp | 10 percent owner | −42,400 | $25.56 |
| Dec 23, 2025 | GMT Capital Corp | 10 percent owner | −42,400 | $26.03 |
| Dec 19, 2025 | GMT Capital Corp | 10 percent owner | −42,400 | $26.37 |
| Dec 17, 2025 | GMT Capital Corp | 10 percent owner | −42,400 | $26.85 |
Peers
- Darden Restaurants
Broad full-service scale across value, steak, and casual occasions
- Dine Brands
IHOP breakfast and Applebee's casual dining in one listed parent
- Brinker International
Chili's value-led casual dining and Maggiano's full-service meals
- Texas Roadhouse
High-traffic casual steakhouse with Southern and comfort-food cues
- First Watch Restaurant Group
Daytime breakfast, brunch, and lunch specialist
- Bloomin' Brands
Outback-led casual dining portfolio competing for dinner occasions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cracker Barrel | $55.70 | −0.02% | $1.24B | 48.1 | 68.5 | 0.4 | −2.9% |
| Darden Restaurants | $215.68 | −0.03% | $24.70B | 20.8 | 19.1 | 1.9 | +13.7% |
| Dine Brands | $33.60 | +0.24% | $426.2M | 68.6 | 7.7 | 0.5 | +4.4% |
| Brinker International | $230.19 | −0.04% | $9.87B | 21.2 | 17.3 | 1.7 | +5.1% |
| Texas Roadhouse | $198.99 | +0.04% | $13.08B | 31.8 | 27.6 | 2.1 | +11.1% |
| First Watch Restaurant Group | $12.51 | −0.08% | $772.0M | 44.1 | 50.6 | 0.6 | +15.2% |
| Bloomin' Brands | $10.52 | −0.66% | $905.8M | 34.1 | 11.4 | 0.2 | +1.3% |
| Median | 33.0 | 18.2 | 1.1 | +8.1% |