Are Retail-Wholesale Stocks Lagging Cracker Barrel Old Country Store (CBRL) This Year?
Here is how Cracker Barrel Old Country Store (CBRL) and Ross Stores (ROST) have performed compared to their sector so far this year.
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Cracker Barrel Old Country Store (CBRL) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Cracker Barrel Old Country Store is a member of our Retail-Wholesale group, which includes 187 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Cracker Barrel Old Country Store is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CBRL's full-year earnings has moved 43.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CBRL has returned about 128.4% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 3.6%. This means that Cracker Barrel Old Country Store is outperforming the sector as a whole this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Ross Stores (ROST). The stock is up 34.1% year-to-date.
The consensus estimate for Ross Stores' current year EPS has increased 7.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Cracker Barrel Old Country Store belongs to the Retail - Restaurants industry, a group that includes 36 individual companies and currently sits at #151 in the Zacks Industry Rank. Stocks in this group have gained about 0.2% so far this year, so CBRL is performing better this group in terms of year-to-date returns.
In contrast, Ross Stores falls under the Retail - Discount Stores industry. Currently, this industry has 7 stocks and is ranked #23. Since the beginning of the year, the industry has moved +12.9%.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Cracker Barrel Old Country Store and Ross Stores as they could maintain their solid performance.
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Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis Report
Ross Stores, Inc. (ROST): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).