Earnings of $1.48 per share expected for Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) this quarter

Equity research analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) to post earnings of $1.48 per share for the current quarter, Zacks reports. Two analysts provided earnings estimates for Cracker Barrel Old Country Store, with estimates ranging from $1.28 to $1.68. Cracker Barrel Old Country Store reported earnings per share of $1.51 in the same quarter last year, suggesting a negative 2% year-over-year growth rate. The company is due to announce its next quarterly results on Tuesday, May 24.

Zacks says analysts expect Cracker Barrel Old Country Store to report annual earnings of $7.15 per share for the current fiscal year, with EPS estimates ranging from $6.78 to $7.43 . For next year, analysts expect the company to post earnings of $8.43 per share, with EPS estimates ranging from $8.10 to $8.76. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who cover Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last reported results on Monday, February 21. The restaurateur reported earnings per share (EPS) of $1.71 for the quarter, beating Thomson Reuters consensus estimate of $1.61 by $0.10. Cracker Barrel Old Country Store had a return on equity of 25.93% and a net margin of 4.48%. The company posted revenue of $862.26 million in the quarter, versus analyst estimates of $866.00 million. In the same quarter of the previous year, the company had earned earnings per share of $0.70. Cracker Barrel Old Country Store revenue for the quarter increased 27.3% year over year.

CBRL has been the subject of a number of research reports. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating and set a price target of $138.00 for the company in a Friday, February 25 report. MKM Partners lowered its target price on Cracker Barrel Old Country Store from $155.00 to $145.00 and set a “neutral” rating on the stock in a Wednesday, November 24 research report. StockNews.com upgraded Cracker Barrel Old Country Store from a “buy” to a “hold” rating in a Thursday, Feb. 24 research report. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a price target of $140.00 on shares of Cracker Barrel Old Country Store in a research note on Friday, December 17. Finally, TheStreet downgraded Cracker Barrel Old Country Store from a “b” rating to a “c+” rating in a Friday, December 31 research note. One research analyst rated the stock with a sell rating, nine assigned a hold rating and one assigned the company’s stock a buy rating. Based on MarketBeat data, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price of $147.38.

Shares of Cracker Barrel Old Country Store opened at $123.67 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.64 and a debt ratio of 0.54. The company has a market capitalization of $2.87 billion, a PE ratio of 20.78, a P/E/G ratio of 1.23 and a beta of 1.34. The company has a 50-day moving average of $123.87 and a 200-day moving average of $131.10. Cracker Barrel Old Country Store has a 52 week low of $109.50 and a 52 week high of $178.82.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 3. Investors of record on Monday, April 18 will receive a dividend of $1.30. The ex-dividend date is Thursday, April 14. This represents an annualized dividend of $5.20 and a dividend yield of 4.20%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 87.40%.

In a similar vein, SVP Laura A. Daily sold 1,700 shares in a trade that took place on Monday, March 14. The stock was sold at an average price of $117.28, for a total value of $199,376.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Company insiders own 0.95% of the company’s shares.

Several hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Ellevest Inc. increased its stake in Cracker Barrel Old Country Store by 80.3% in Q3. Ellevest Inc. now owns 211 shares of the restaurateur valued at $30,000 after buying 94 more shares last quarter. JJJ Advisors Inc. increased its position in shares of Cracker Barrel Old Country Store by 265.1% during the 4th quarter. JJJ Advisors Inc. now owns 230 shares of the restaurateur worth $30,000 after buying 167 additional shares in the last quarter. Confluence Wealth Services Inc. acquired a new stock position in Cracker Barrel Old Country Store during Q4 worth approximately $30,000. Salem Investment Counselors Inc. acquired a new position in Cracker Barrel Old Country Store in Q4 worth $32,000. Finally, Eagle Bay Advisors LLC increased its stake in Cracker Barrel Old Country Store by 160.0% in the third quarter. Eagle Bay Advisors LLC now owns 260 shares of the restaurateur valued at $35,000 after acquiring 160 additional shares in the last quarter. 83.33% of the shares are currently held by hedge funds and other institutional investors.

Company Profile 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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