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Cracker Barrel Old Country Store

DB:OLD
Snowflake Description

Good value with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OLD
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Cracker Barrel Old Country Store has significant price volatility in the past 3 months.
OLD Share Price and Events
7 Day Returns
-11.1%
DB:OLD
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-53.4%
DB:OLD
-48.1%
DE Hospitality
-20.9%
DE Market
OLD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cracker Barrel Old Country Store (OLD) -11.1% -46.2% -54% -53.4% -56.9% -54.1%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • OLD underperformed the Hospitality industry which returned -48.1% over the past year.
  • OLD underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
OLD
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Cracker Barrel Old Country Store undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cracker Barrel Old Country Store to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cracker Barrel Old Country Store.

DB:OLD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:OLD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (58.75%))
1.097
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.097 * 5.44%)
5.58%

Discounted Cash Flow Calculation for DB:OLD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cracker Barrel Old Country Store is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:OLD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.58%)
2020 284.30 Analyst x1 269.28
2021 271.75 Analyst x2 243.79
2022 254.80 Analyst x1 216.51
2023 243.93 Est @ -4.27% 196.32
2024 236.36 Est @ -3.1% 180.18
2025 230.95 Est @ -2.29% 166.75
2026 226.98 Est @ -1.72% 155.22
2027 223.98 Est @ -1.32% 145.08
2028 221.65 Est @ -1.04% 135.98
2029 219.78 Est @ -0.85% 127.71
Present value of next 10 years cash flows $1,836.00
DB:OLD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $219.78 × (1 + -0.39%) ÷ (5.58% – -0.39%)
$3,667.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,667.90 ÷ (1 + 5.58%)10
$2,131.39
DB:OLD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,836.00 + $2,131.39
$3,967.39
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,967.39 / 23.94
$165.7
DB:OLD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OLD represents 0.91507x of NasdaqGS:CBRL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91507x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 165.70 x 0.91507
€151.63
Value per share (EUR) From above. €151.63
Current discount Discount to share price of €64.00
= -1 x (€64.00 - €151.63) / €151.63
57.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Cracker Barrel Old Country Store is available for.
Intrinsic value
>50%
Share price is €64 vs Future cash flow value of €151.63
Current Discount Checks
For Cracker Barrel Old Country Store to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cracker Barrel Old Country Store's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cracker Barrel Old Country Store's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cracker Barrel Old Country Store's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cracker Barrel Old Country Store's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OLD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in USD $9.15
NasdaqGS:CBRL Share Price ** NasdaqGS (2020-04-03) in USD $69.94
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cracker Barrel Old Country Store.

DB:OLD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CBRL Share Price ÷ EPS (both in USD)

= 69.94 ÷ 9.15

7.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cracker Barrel Old Country Store is good value based on earnings compared to the DE Hospitality industry average.
  • Cracker Barrel Old Country Store is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Cracker Barrel Old Country Store's expected growth come at a high price?
Raw Data
DB:OLD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
3.3%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:OLD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.64x ÷ 3.3%

2.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cracker Barrel Old Country Store is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cracker Barrel Old Country Store's assets?
Raw Data
DB:OLD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in USD $26.31
NasdaqGS:CBRL Share Price * NasdaqGS (2020-04-03) in USD $69.94
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:OLD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CBRL Share Price ÷ Book Value per Share (both in USD)

= 69.94 ÷ 26.31

2.66x

* Primary Listing of Cracker Barrel Old Country Store.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cracker Barrel Old Country Store is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Cracker Barrel Old Country Store's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Cracker Barrel Old Country Store has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cracker Barrel Old Country Store expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cracker Barrel Old Country Store expected to grow at an attractive rate?
  • Cracker Barrel Old Country Store's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Cracker Barrel Old Country Store's earnings growth is positive but not above the Germany market average.
  • Cracker Barrel Old Country Store's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OLD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OLD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 3.3%
DB:OLD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.2%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:OLD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OLD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-07-31 3,239 223 1
2022-07-31 3,186 385 184 3
2021-07-31 3,106 396 154 8
2020-07-31 2,944 387 168 9
2020-04-05
DB:OLD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-31 3,122 356 220
2019-11-01 3,087 348 219
2019-08-02 3,072 363 223
2019-05-03 3,096 362 220
2019-02-01 3,078 373 218
2018-11-02 3,054 352 248
2018-08-03 3,030 331 248
2018-04-27 2,963 339 240
2018-01-26 2,942 320 238
2017-10-27 2,927 324 200
2017-07-28 2,926 321 202
2017-04-28 2,929 325 199

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cracker Barrel Old Country Store's earnings are expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
  • Cracker Barrel Old Country Store's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:OLD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Cracker Barrel Old Country Store Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OLD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-07-31 9.22 9.22 9.22 1.00
2022-07-31 7.65 9.57 5.09 3.00
2021-07-31 6.54 10.15 -0.82 6.00
2020-07-31 4.57 9.16 -4.73 7.00
2020-04-05
DB:OLD Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-31 9.15
2019-11-01 9.13
2019-08-02 9.29
2019-05-03 9.15
2019-02-01 9.08
2018-11-02 10.35
2018-08-03 10.31
2018-04-27 10.00
2018-01-26 9.92
2017-10-27 8.32
2017-07-28 8.40
2017-04-28 8.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cracker Barrel Old Country Store will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cracker Barrel Old Country Store's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cracker Barrel Old Country Store has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cracker Barrel Old Country Store performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cracker Barrel Old Country Store's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cracker Barrel Old Country Store's year on year earnings growth rate has been positive over the past 5 years.
  • Cracker Barrel Old Country Store's 1-year earnings growth is less than its 5-year average (0.7% vs 8%)
  • Cracker Barrel Old Country Store's earnings growth has exceeded the DE Hospitality industry average in the past year (0.7% vs -36.8%).
Earnings and Revenue History
Cracker Barrel Old Country Store's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cracker Barrel Old Country Store Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OLD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 3,121.88 219.83 806.12
2019-11-01 3,087.45 219.42 789.14
2019-08-02 3,071.95 223.40 779.28
2019-05-03 3,095.75 219.73 769.75
2019-02-01 3,077.56 218.06 762.97
2018-11-02 3,053.62 248.45 756.35
2018-08-03 3,030.45 247.62 745.65
2018-04-27 2,962.78 240.16 734.83
2018-01-26 2,941.78 238.34 724.04
2017-10-27 2,926.69 199.92 713.41
2017-07-28 2,926.29 201.90 704.71
2017-04-28 2,928.65 199.03 699.52
2017-01-27 2,928.37 201.27 698.69
2016-10-28 2,919.69 196.79 699.50
2016-07-29 2,912.35 189.30 697.52
2016-04-29 2,885.95 185.68 685.83
2016-01-29 2,869.52 171.82 682.46
2015-10-30 2,861.49 170.74 674.01
2015-07-31 2,842.28 163.90 667.35
2015-05-01 2,815.85 155.69 661.62
2015-01-30 2,775.44 149.10 171.71
2014-10-31 2,717.96 138.99 400.31
2014-08-01 2,683.68 132.13 635.92
2014-05-02 2,665.03 127.25 882.45
2014-01-31 2,662.14 123.12 1,598.60
2013-11-01 2,666.32 121.23 1,603.11
2013-08-02 2,644.63 117.27 625.86
2013-05-03 2,670.54 117.66 1,602.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cracker Barrel Old Country Store has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Cracker Barrel Old Country Store used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Cracker Barrel Old Country Store's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cracker Barrel Old Country Store's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cracker Barrel Old Country Store has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cracker Barrel Old Country Store's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cracker Barrel Old Country Store's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cracker Barrel Old Country Store's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cracker Barrel Old Country Store's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cracker Barrel Old Country Store's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cracker Barrel Old Country Store Company Filings, last reported 2 months ago.

DB:OLD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 629.93 473.48 72.84
2019-11-01 605.78 496.10 43.21
2019-08-02 604.71 410.48 36.88
2019-05-03 648.02 401.68 167.59
2019-02-01 628.62 400.51 169.81
2018-11-02 600.18 400.00 102.07
2018-08-03 581.78 400.00 114.83
2018-04-27 640.38 400.04 174.30
2018-01-26 615.63 401.71 168.89
2017-10-27 547.70 404.08 120.24
2017-07-28 544.51 406.88 161.03
2017-04-28 601.96 406.52 183.69
2017-01-27 581.72 406.54 185.70
2016-10-28 547.11 416.14 125.11
2016-07-29 526.44 422.25 150.97
2016-04-29 580.43 417.57 176.69
2016-01-29 554.87 415.99 171.64
2015-10-30 533.51 411.98 127.54
2015-07-31 538.27 409.82 265.46
2015-05-01 584.07 409.70 202.05
2015-01-30 561.63 414.59 182.61
2014-10-31 538.16 402.35 105.85
2014-08-01 528.64 407.94 119.36
2014-05-02 487.20 407.91 88.24
2014-01-31 497.18 409.76 91.35
2013-11-01 475.85 411.30 57.54
2013-08-02 484.03 411.64 121.72
2013-05-03 455.33 416.95 58.46
  • Cracker Barrel Old Country Store's level of debt (75.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (73.7% vs 75.2% today).
  • Debt is well covered by operating cash flow (75.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.2x coverage).
X
Financial health checks
We assess Cracker Barrel Old Country Store's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cracker Barrel Old Country Store has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cracker Barrel Old Country Store's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.72%
Current annual income from Cracker Barrel Old Country Store dividends. Estimated to be 7.61% next year.
If you bought €2,000 of Cracker Barrel Old Country Store shares you are expected to receive €234 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cracker Barrel Old Country Store's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Cracker Barrel Old Country Store's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Cracker Barrel Old Country Store before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:OLD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:OLD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-07-31
2022-07-31
2021-07-31 5.43 2.00
2020-07-31 5.23 2.00
2020-04-05
DB:OLD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-03 8.200 9.418
2020-02-25 8.200 5.465
2019-09-30 8.200 5.192
2019-09-27 8.200 5.070
2019-09-17 8.200 4.959
2019-06-04 8.200 4.865
2019-03-05 8.750 5.447
2019-02-26 8.750 5.428
2018-11-30 8.750 5.198
2018-11-27 8.750 4.809
2018-09-28 8.750 5.458
2018-09-18 8.750 6.006
2018-05-29 8.750 5.712
2018-05-22 8.750 5.509
2018-02-20 8.300 5.157
2017-09-29 8.300 5.147
2017-05-23 8.300 5.304
2017-02-27 7.850 4.904
2017-02-21 7.850 4.884
2016-09-26 7.850 5.170
2016-09-14 7.850 5.642
2016-02-29 4.400 2.834
2015-12-09 4.400 3.405
2015-09-28 4.400 3.201
2015-06-02 4.400 2.957
2015-02-27 4.000 2.776
2015-02-24 4.000 2.679
2014-10-03 4.000 3.209
2014-04-30 4.000 4.016
2014-02-28 3.000 3.068
2013-12-06 3.000 2.903
2013-09-26 3.000 2.777
2013-06-03 3.000 3.038
2013-03-04 2.000 2.431
2012-12-10 2.000 3.053
2012-09-19 2.000 3.101
2012-04-26 1.600 2.614
2012-02-24 1.000 1.785
2011-12-20 1.000 1.899
2011-09-13 1.000 2.296
2011-05-26 0.880 1.981
2011-02-24 0.880 1.774
2010-12-02 0.880 1.645
2010-09-24 0.880 1.649
2010-05-27 0.800 1.668
2010-02-25 0.800 1.655
2009-12-03 0.800 2.076
2009-09-14 0.800 2.295
2009-05-29 0.800 2.739

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Cracker Barrel Old Country Store's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cracker Barrel Old Country Store's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cracker Barrel Old Country Store afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cracker Barrel Old Country Store has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cracker Barrel Old Country Store's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sandy Cochran
COMPENSATION $6,984,935
AGE 61
TENURE AS CEO 8.6 years
CEO Bio

Ms. Sandra Brophy Cochran, also known as Sandy, has been the Chief Executive Officer of Cracker Barrel Old Country Store, Inc. since September 12, 2011 and also its President since November 3, 2010. Ms. Cochran served as the Chief Operating Officer of Cracker Barrel from November 3, 2010 to September 12, 2011. She served as the Chief Financial Officer and Executive Vice President of Cracker Barrel from April 6, 2009 to November 3, 2010. She joined Cracker Barrel in April 2009. She served as President of Books-A-Million Inc. from August 1999 to March 11, 2009 and as its Chief Executive Officer from February 1, 2004 to March 11, 2009. She served as Secretary of Books-A-Million Inc. since June 1998 until March 11, 2009. She served as the Executive Vice President of Books-A-Million Inc. from February 1996 to August 1999 and as its Chief Financial Officer from September 1993 to August 1999. Ms. Cochran served as Vice President and Assistant Secretary of Books-A-Million Inc. from August 1992 to September 1993 and also served as its Vice President, Finance. Ms. Cochran has 25 years of experience in the retail industry and nine years of experience in the restaurant industry. Ms. Cochran served as a Vice President (as well as in other capacities) of SunTrust Securities, Inc., a subsidiary of SunTrust Banks, Inc. for more than five years and also served as its Vice President, Corporate Finance for seven years. She has been a Director of Dollar General Corporation since December 5, 2012. She has been an Independent Director of Lowe's Companies, Inc. since January 29, 2016. She has been a Director of Cracker Barrel Old Country Store, Inc., since September 12, 2011. She served as a Director of Books-A-Million Inc. since June 2006 until March 11, 2009. She served in United States Army where she ultimately served as a Captain in the Ninth Infantry Division. She holds a chemical engineering degree from Vanderbilt University and a master of business administration from Pacific Lutheran University.

CEO Compensation
  • Sandy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sandy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Cracker Barrel Old Country Store management team in years:

5.9
Average Tenure
55.5
Average Age
  • The average tenure for the Cracker Barrel Old Country Store management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sandy Cochran

TITLE
President
COMPENSATION
$7M
AGE
61
TENURE
8.6 yrs

Jill Golder

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
57
TENURE
3.8 yrs

Rich Wolfson

TITLE
Senior VP
COMPENSATION
$2M
AGE
52
TENURE
2.8 yrs

Doug Couvillion

TITLE
Senior Vice President of Sourcing & Supply Chain
COMPENSATION
$871K
AGE
55
TENURE
8.8 yrs

Laura Daily

TITLE
Senior Vice President of Retail
COMPENSATION
$897K
AGE
56
TENURE
7.9 yrs

Douglas Hisel

TITLE
Vice President of Operations Administration

Kara Jacobs

TITLE
VP, Controller & Principal Accounting Officer
AGE
39
TENURE
0.3 yrs

Leon De Wet

TITLE
Vice President of Information Services & CIO

Adam Hannon

TITLE
Manager of Investor Relations

Jeffrey Sigel

TITLE
Vice President of Marketing
Board of Directors Tenure

Average tenure and age of the Cracker Barrel Old Country Store board of directors in years:

8.6
Average Tenure
67
Average Age
  • The tenure for the Cracker Barrel Old Country Store board of directors is about average.
Board of Directors

Richard Dobkin

TITLE
Independent Director
COMPENSATION
$224K
AGE
74
TENURE
14.8 yrs

Sandy Cochran

TITLE
President
COMPENSATION
$7M
AGE
61
TENURE
8.6 yrs

Coleman Peterson

TITLE
Independent Director
COMPENSATION
$218K
AGE
71
TENURE
8.8 yrs

Bill McCarten

TITLE
Independent Director
COMPENSATION
$210K
AGE
70
TENURE
8.7 yrs

Norman Johnson

TITLE
Independent Director
COMPENSATION
$220K
AGE
70
TENURE
7.7 yrs

Andrea Weiss

TITLE
Independent Director
COMPENSATION
$236K
AGE
63
TENURE
16.7 yrs

Tom Barr

TITLE
Independent Director
COMPENSATION
$206K
AGE
51
TENURE
7.9 yrs

Meg Crofton

TITLE
Independent Director
COMPENSATION
$205K
AGE
65
TENURE
2.8 yrs

Carl Berquist

TITLE
Independent Director
COMPENSATION
$141K
AGE
67
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Cracker Barrel Old Country Store individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Mar 20 Buy Carl Berquist Individual 30. Mar 20 30. Mar 20 3,000 €67.38 €202,136
20. Mar 20 Buy Biglari Capital Corp. Company 16. Mar 20 16. Mar 20 55,141 €74.13 €4,049,034
05. Nov 19 Sell Biglari Capital Corp. Company 17. Sep 19 17. Sep 19 -183,748 €155.63 €-28,596,383
27. Sep 19 Sell Sandra Cochran Individual 26. Sep 19 26. Sep 19 -20,000 €150.00 €-2,999,964
12. Aug 19 Sell Biglari Capital Corp. Company 08. Aug 19 09. Aug 19 -258,640 €153.08 €-39,495,803
12. Aug 19 Sell Biglari Capital Corp. Company 08. Aug 19 12. Aug 19 -288,640 €152.98 €-44,021,631
12. Jul 19 Sell Biglari Capital Corp. Company 10. Jul 19 11. Jul 19 -75,910 €156.40 €-11,761,145
09. Jul 19 Sell Biglari Capital Corp. Company 05. Jul 19 09. Jul 19 -149,150 €154.15 €-22,952,799
03. Jul 19 Sell Biglari Capital Corp. Company 02. Jul 19 03. Jul 19 -244,121 €153.74 €-37,276,947
01. Jul 19 Sell Biglari Capital Corp. Company 27. Jun 19 01. Jul 19 -240,187 €151.86 €-36,261,018
27. Jun 19 Sell Biglari Capital Corp. Company 27. Jun 19 27. Jun 19 -134,097 €150.10 €-20,128,319
26. Jun 19 Sell Biglari Capital Corp. Company 24. Jun 19 26. Jun 19 -211,243 €150.11 €-31,660,760
19. Jun 19 Sell Biglari Capital Corp. Company 17. Jun 19 19. Jun 19 -98,939 €152.03 €-15,004,300
25. May 19 Sell Biglari Capital Corp. Company 22. May 19 22. May 19 -2,520 €152.35 €-383,920
14. May 19 Sell Biglari Capital Corp. Company 10. May 19 10. May 19 -12,130 €151.23 €-1,834,454
X
Management checks
We assess Cracker Barrel Old Country Store's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cracker Barrel Old Country Store has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company’s restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items. As of September 18, 2019, the company operated 660 Cracker Barrel stores in 45 states. Cracker Barrel Old Country Store, Inc. was founded in 1969 and is headquartered in Lebanon, Tennessee.

Details
Name: Cracker Barrel Old Country Store, Inc.
OLD
Exchange: DB
Founded: 1969
$1,552,178,180
23,943,248
Website: http://www.crackerbarrel.com
Address: Cracker Barrel Old Country Store, Inc.
305 Hartmann Drive,
Lebanon,
Tennessee, 37087,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CBRL Common Shares Nasdaq Global Select US USD 05. Nov 1981
DB OLD Common Shares Deutsche Boerse AG DE EUR 05. Nov 1981
BRSE OLD Common Shares Berne Stock Exchange CH CHF 05. Nov 1981
Number of employees
Current staff
Staff numbers
73,000
Cracker Barrel Old Country Store employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 22:12
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/25
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/08/02


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.