We recently published a list of Jim Cramer’s Game Plan: 9 Stocks in Focus. In this article, we are going to take a look at where Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) stands against other stocks that Jim Cramer discusses.
Noting that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is a “tale of success”, Cramer said:
“Thursday morning, we get a tale of woe and a tale of success. The woe, Brown-Forman, maker of Jack Daniels and Cracker Barrel’s the positive, restaurant turned around along with historically low prices.… As for Cracker Barrel, so many restaurant chains that offer value have seen their stocks pop, and we’ve seen Darden pop, Texas Roadhouse pop. I mean, these things are, did you see Brinker today? Looked fantastic. This one also has value, and the CEO understands that we need to reinvigorate the company’s stores. Works for me.”
Cracker Barrel (NASDAQ:CBRL) runs a chain of restaurants that serve breakfast, lunch, and dinner. Each location includes a gift shop that sells home décor, clothing, food products, and seasonal merchandise. On March 7, Cramer extensively commented on the company as he stated:
“Next up is Cracker Barrel, another one I’m really interested in. This is a stock that’s fallen drastically over the past few weeks but that’s not without reason, either with management blaming not just the weather, but also macroeconomic uncertainty as the reason for some of the challenges in early February. That’s suboptimal. So what’s there to like about it then?
How about the stellar set of numbers that the company just reported yesterday morning with much better than expected same-store sales growth, macro uncertainty already baked in in Cracker Barrel’s four-year forecast at this point, which they raised by the way? While management admitted that February got off to a challenging start. They said the last two weeks have seen meaningful improvement. I like that. Not too surprised when you remember that Cracker Barrel also represents a stellar value proposition like the other two…
Now Cracker Barrel is still very much a work in progress. Something that CEO Julie Masino is quite candid about. On the conference call, she explained that this year is still an investment year before ‘financial results will significantly improve by the second half of fiscal 2026 and further accelerate into fiscal 2027’.
No wonder the stock’s been a hard hit, down more than 33% from its highs at the end of January despite yesterday’s 7% gain. Now we had Julie on the show and I point blank asked her if we can count on Cracker Barrel to be a refuge from all the craziness when you go to the stores, not the stock. She explained how the last two weeks have gone, mentioning that early February was only so bad because the weather was truly awful…
At this point, the stock’s almost pulled back to where it was trading when I started recommending it last summer, a U-turn. I think Cracker Barrel’s a buy. Remember though, this is a turnaround story which makes it a lot more risky than either Brinker or Texas Roadhouse.”
Overall, CBRL ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CBRL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CBRL and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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