Cracker Barrel Old Country Store, Inc. (CBRL) Expected to Announce Earnings of $2.43 Per Share

Equities analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to post $2.43 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cracker Barrel Old Country Store’s earnings. The highest EPS estimate is $2.51 and the lowest is $2.38. Cracker Barrel Old Country Store posted earnings per share of $2.73 during the same quarter last year, which indicates a negative year over year growth rate of 11%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, February 26th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full year earnings of $8.98 per share for the current year, with EPS estimates ranging from $8.95 to $9.05. For the next fiscal year, analysts anticipate that the business will report earnings of $9.30 per share, with EPS estimates ranging from $9.17 to $9.49. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cracker Barrel Old Country Store.

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

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $201.00 target price on the stock in a research report on Wednesday, December 5th. ValuEngine cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Thursday, November 29th. Finally, Telsey Advisory Group lifted their target price on Cracker Barrel Old Country Store from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $165.34.

In other news, major shareholder Sardar Biglari sold 25,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $169.37, for a total transaction of $4,234,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 1,089,270 shares of company stock worth $190,257,288 in the last quarter. Insiders own 0.88% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBRL. Millennium Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 106.9% during the second quarter. Millennium Management LLC now owns 12,406 shares of the restaurant operator’s stock worth $1,938,000 after buying an additional 6,410 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter worth about $447,000. Callahan Advisors LLC grew its holdings in shares of Cracker Barrel Old Country Store by 3.9% during the third quarter. Callahan Advisors LLC now owns 10,504 shares of the restaurant operator’s stock worth $1,546,000 after buying an additional 397 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter worth about $239,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Cracker Barrel Old Country Store by 4.4% during the third quarter. Nisa Investment Advisors LLC now owns 21,080 shares of the restaurant operator’s stock worth $3,102,000 after buying an additional 880 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store stock traded up $0.57 during midday trading on Friday, reaching $169.64. The company’s stock had a trading volume of 2,539 shares, compared to its average volume of 344,696. Cracker Barrel Old Country Store has a fifty-two week low of $141.63 and a fifty-two week high of $185.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.87 and a quick ratio of 0.38. The stock has a market cap of $4.06 billion, a PE ratio of 19.10, a P/E/G ratio of 1.88 and a beta of 0.50.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 5th. Stockholders of record on Friday, January 18th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 56.37%.

Cracker Barrel Old Country Store Company Profile

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.

Further Reading: How to find the components of the quick ratio

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

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