Cracker Barrel Old Ctry Store (NASDAQ:CBRL)

CAPS Rating: 4 out of 5

A holding company, through its subsidiaries, is engaged in the operation and development of the Cracker Barrel Old Country Store(r) restaurant and retail concept.

Recs

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Player Avatar CBombay (28.54) Submitted: 2/25/2009 8:39:47 PM : Underperform Start Price: $21.57 CBRL Score: +2.38

Thumbin down this cracker one more time. Recently beat estimates with a $200M EBITDA, but only $19M levered free cash flow. Debt of $800M is weighing them down. $400M market cap. Declining same store sales will continue through next quarter and take a big bite out of profits. Don't know the details, but suspect their debt covenants are under pressure.

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