Stock analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) to post earnings of $1.36 per share for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for Cracker Barrel Old Country Store, with the lowest EPS estimate being $1.28 and the highest estimate being $1.47. Cracker Barrel Old Country Store reported earnings of $1.51 per share in the same quarter last year, indicating a negative 9.9% year-over-year growth rate. The company is expected to announce its next quarterly results before the market opens on Monday, January 1.
Zacks says analysts expect Cracker Barrel Old Country Store to report annual earnings of $6.86 per share for the current year, with EPS estimates ranging from $6.78 to $7.01 . For next year, analysts expect the company to post earnings of $7.93 per share, with EPS estimates ranging from $6.61 to $8.76. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts who provide coverage for Cracker Barrel Old Country Store.
Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last reported quarterly results on Tuesday, February 22. The restaurateur reported earnings per share (EPS) of $1.71 for the quarter, beating the consensus estimate of $1.62 by $0.09. The company posted revenue of $862.26 million in the quarter, versus analyst estimates of $866.00 million. Cracker Barrel Old Country Store had a return on equity of 25.93% and a net margin of 4.48%. The company’s revenue increased 27.3% year over year. During the same period of the previous year, the company achieved EPS of $0.70.
CBRL has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating and set a price target of $107.00 for the stock. in a research note from Tuesday, April 26. Loop Capital reduced its price target on Cracker Barrel Old Country Store from $132.00 to $113.00 in a Thursday, April 7 research note. Citigroup launched coverage on Cracker Barrel Old Country Store in a research note on Tuesday, April 12. They issued a “sell” rating and a price target of $97.00 on the stock. StockNews.com upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a Thursday, May 12 research note. Finally, Truist Financial raised its price target on Cracker Barrel Old Country Store from $136.00 to $149.00 in a Wednesday, February 23 research report. Three research analysts gave the stock a sell rating, five issued a hold rating and two gave the company a buy rating. Based on MarketBeat data, Cracker Barrel Old Country Store has an average rating of “Hold” and an average target price of $129.75.
Shares of CBRL traded down $0.20 in Friday trading, hitting $96.04. The company had a trading volume of 361,822 shares, compared to an average volume of 390,000. The company’s 50-day simple moving average is $114.75 and its two-hundred-day simple moving average is 123 $.63. The company has a debt ratio of 0.54, a current ratio of 0.64 and a quick ratio of 0.32. Cracker Barrel Old Country Store has a one-year low of $94.10 and a one-year high of $165.21. The company has a market capitalization of $2.23 billion, a PE ratio of 16.14, a PEG ratio of 1.49 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 3. Shareholders of record on Monday, April 18 received a dividend of $1.30 per share. This represents a dividend of $5.20 on an annualized basis and a dividend yield of 5.41%. The ex-dividend date was Thursday, April 14. Cracker Barrel Old Country Store’s dividend payout ratio is currently 87.40%.
In other news, SVP Laura A. Daily sold 1,700 shares of the company in a trade that took place on Monday, March 14. The stock was sold at an average price of $117.28, for a total transaction of $199,376.00. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Insiders own 0.95% of the shares of the company.
Several institutional investors and hedge funds have recently increased or reduced their stake in CBRL. Meeder Asset Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 761.5% during the first quarter. Meeder Asset Management Inc. now owns 224 shares of the restaurant owner valued at $27,000 after purchasing an additional 198 shares during the period. JJJ Advisors Inc. increased its stake in Cracker Barrel Old Country Store by 265.1% in Q4. JJJ Advisors Inc. now owns 230 shares of the restaurateur valued at $30,000 after buying 167 additional shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in Cracker Barrel Old Country Store in Q4 valued at $30,000. Newbridge Financial Services Group Inc. increased its stake in Cracker Barrel Old Country Store by 66.7% in Q1. Newbridge Financial Services Group Inc. now owns 250 shares of the restaurateur valued at $30,000 after buying an additional 100 shares in the last quarter. Finally, Salem Investment Counselors Inc. acquired a new stake in Cracker Barrel Old Country Store in Q4 for $32,000. Institutional investors and hedge funds own 81.40% of the company’s shares.
About Cracker Barrel Old Country Store (Get a rating)
Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company’s Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as catering, pickup, and delivery services.
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