Zacks: Brokerages Expect Cracker Barrel Old Country Store, Inc. (CBRL) Will Post Earnings of $2.26 Per Share

Equities research analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to report earnings per share (EPS) of $2.26 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cracker Barrel Old Country Store’s earnings, with estimates ranging from $2.15 to $2.41. Cracker Barrel Old Country Store reported earnings per share of $2.19 during the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The company is expected to issue its next earnings report on Tuesday, February 20th.

On average, analysts expect that Cracker Barrel Old Country Store will report full year earnings of $9.48 per share for the current fiscal year, with EPS estimates ranging from $9.35 to $9.60. For the next financial year, analysts forecast that the firm will report earnings of $10.28 per share, with EPS estimates ranging from $10.15 to $10.40. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.06. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The firm had revenue of $710.40 million for the quarter, compared to analysts’ expectations of $718.85 million. During the same period in the prior year, the firm posted $2.01 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis.

A number of research analysts have recently issued reports on CBRL shares. Maxim Group reaffirmed a “hold” rating and set a $160.00 price target (up from $155.00) on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 11th. SunTrust Banks reaffirmed a “hold” rating and set a $136.00 price target on shares of Cracker Barrel Old Country Store in a report on Friday, October 20th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating and set a $173.00 price target on the stock in a report on Wednesday, November 8th. Longbow Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a report on Wednesday, November 22nd. Finally, BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Cracker Barrel Old Country Store has an average rating of “Hold” and an average price target of $161.38.

Hedge funds have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $121,000. Ffcm LLC lifted its holdings in Cracker Barrel Old Country Store by 1,317.9% in the third quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock valued at $122,000 after acquiring an additional 738 shares during the period. San Francisco Sentry Investment Group CA bought a new position in Cracker Barrel Old Country Store in the second quarter valued at about $127,000. SeaCrest Wealth Management LLC bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $128,000. Finally, Edge Advisors LLC lifted its holdings in Cracker Barrel Old Country Store by 2,725.7% in the third quarter. Edge Advisors LLC now owns 989 shares of the restaurant operator’s stock valued at $149,000 after acquiring an additional 954 shares during the period. 89.39% of the stock is currently owned by institutional investors.

Shares of Cracker Barrel Old Country Store (CBRL) traded down $4.67 during trading hours on Wednesday, hitting $165.50. The stock had a trading volume of 378,035 shares, compared to its average volume of 315,126. The company has a market capitalization of $4,010.00, a P/E ratio of 19.96, a P/E/G ratio of 2.01 and a beta of 0.56. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93. Cracker Barrel Old Country Store has a 1 year low of $141.75 and a 1 year high of $179.12.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Friday, January 12th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is 57.90%.

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Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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Earnings History and Estimates for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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