Cracker Barrel Old Country Store, Inc. Expected to Post Q1 2020 Earnings of $2.02 Per Share (CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Stock analysts at SunTrust Banks upped their Q1 2020 earnings per share estimates for shares of Cracker Barrel Old Country Store in a note issued to investors on Wednesday, November 28th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $2.02 for the quarter, up from their prior estimate of $1.98. SunTrust Banks currently has a “Hold” rating and a $134.00 price target on the stock. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q2 2020 earnings at $2.54 EPS, Q3 2020 earnings at $2.22 EPS, Q4 2020 earnings at $2.71 EPS and FY2020 earnings at $9.49 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, November 27th. The restaurant operator reported $1.96 EPS for the quarter, beating the consensus estimate of $1.91 by $0.05. The firm had revenue of $733.50 million for the quarter, compared to analyst estimates of $720.94 million. Cracker Barrel Old Country Store had a return on equity of 35.18% and a net margin of 8.14%. Cracker Barrel Old Country Store’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 earnings per share.

Several other research firms also recently issued reports on CBRL. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th. Maxim Group downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $175.00 price objective for the company. in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Wells Fargo & Co upped their price objective on shares of Cracker Barrel Old Country Store from $139.00 to $157.00 and gave the company a “market perform” rating in a research note on Monday, November 26th. Gordon Haskett assumed coverage on shares of Cracker Barrel Old Country Store in a research note on Thursday, October 18th. They issued a “hold” rating and a $152.00 price objective for the company. Finally, Telsey Advisory Group upgraded shares of Cracker Barrel Old Country Store from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $155.00 to $175.00 in a research note on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average price target of $166.84.

NASDAQ:CBRL opened at $179.60 on Monday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.40. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.38 and a current ratio of 0.87. Cracker Barrel Old Country Store has a 12 month low of $141.63 and a 12 month high of $185.00.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 5th. Shareholders of record on Friday, January 18th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, January 17th. This represents a $5.00 annualized dividend and a yield of 2.78%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 56.37%.

In other news, VP Laura A. Daily sold 2,740 shares of the stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $145.60, for a total transaction of $398,944.00. Following the completion of the sale, the vice president now owns 11,392 shares in the company, valued at $1,658,675.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Nicholas V. Flanagan sold 6,000 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $145.81, for a total transaction of $874,860.00. Following the sale, the vice president now owns 18,784 shares of the company’s stock, valued at approximately $2,738,895.04. The disclosure for this sale can be found here. Insiders sold 423,899 shares of company stock valued at $76,993,830 in the last 90 days. 0.88% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 6.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 273,583 shares of the restaurant operator’s stock worth $42,737,000 after buying an additional 17,412 shares during the period. Creative Planning boosted its stake in shares of Cracker Barrel Old Country Store by 16.3% during the third quarter. Creative Planning now owns 15,808 shares of the restaurant operator’s stock worth $2,326,000 after buying an additional 2,219 shares during the period. Arizona State Retirement System boosted its stake in shares of Cracker Barrel Old Country Store by 2.4% during the second quarter. Arizona State Retirement System now owns 16,665 shares of the restaurant operator’s stock worth $2,603,000 after buying an additional 395 shares during the period. Morgan Stanley boosted its stake in shares of Cracker Barrel Old Country Store by 30.1% during the second quarter. Morgan Stanley now owns 319,596 shares of the restaurant operator’s stock worth $49,923,000 after buying an additional 74,028 shares during the period. Finally, American Century Companies Inc. acquired a new stake in Cracker Barrel Old Country Store in the third quarter valued at about $48,386,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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

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