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Cracker Barrel (NASDAQ:CBRL) Old Country Store stock has reached a 52-week high, hitting 68.21 USD. According to InvestingPro data, the company currently trades at an EV/EBITDA multiple of 13.5x and maintains an impressive 44-year streak of consecutive dividend payments. This milestone reflects a significant upward trend for the company, which has seen its stock price increase by 70.5% over the past year. The restaurant and retail chain’s performance has been buoyed by a combination of strategic initiatives and favorable market conditions, with six analysts recently revising their earnings expectations upward. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value. As Cracker Barrel continues to navigate the competitive landscape, stakeholders will be watching closely to see if this momentum can be sustained. The company maintains a market capitalization of $1.47 billion and has demonstrated profitability over the last twelve months, with a gross profit margin of 32.7%.
In other recent news, Cracker Barrel Old Country Store has announced an upsized offering of $300 million in convertible senior notes due 2030, increased from an initial $275 million. The notes, carrying a 1.75% annual interest rate, are expected to generate approximately $290.1 million in net proceeds. Cracker Barrel plans to use these proceeds for various purposes, including repurchasing $150 million of its outstanding convertible senior notes due 2026 and entering capped call transactions to minimize potential dilution. Truist Securities has raised its price target for Cracker Barrel to $65 from $64, citing favorable terms on the new convertible notes and increased earnings per share estimates. The analysts from Truist maintain a Buy rating on the stock, highlighting management’s confidence as a positive factor. Additionally, Cracker Barrel’s recent fiscal third-quarter 2025 results showed an earnings per share beat, despite inline same-store sales. Analysts noted improvements in the company’s menu and marketing strategies, viewing the stock’s recent weakness as a buying opportunity. The company’s ongoing transformation agenda is expected to bring further sales and margin catalysts.
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