Cracker Barrel Old Country Store, Inc.

CBRL · Consumer Discretionary · $1.2B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power100

Median gross margin 69.0% over 10y, very stable.

Returns on capital90

Median ROIC 20.2%, above the 9% hurdle in 70% of years.

Balance-sheet safety65

Net debt/EBITDA 2.5x, no material interest expense disclosed.

Capital discipline34

Owner earnings -14.5%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

7% above value

Owner earnings (normalized): $99.0M
Est. intrinsic value / share: $49.42
Recent price: $52.64
Discount to value: 7% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CBRL. See the disclaimer.